Page 33 - Civil Aviation

SpiceJet lessors in talks to reclaim planes over missed payments: Report

One of the leasing companies started to pull out a few planes earlier this year after SpiceJet failed to pay maintenance fees due since late last year

A year after, Jet Airways' lenders and employees still await payments

The airline operated its last flight between Amritsar-Mumbai on April 17 last year as lenders turned down its demand for an emergency funding

Domestic, intl flights suspended till May 3 as Covid-19 lockdown continues

Domestic and international commercial passenger flights were earlier suspended from March 25 to April 14

Covid-19 woes: IndiGo to discontinue on-board meal service, says CEO

The company will also run its airport buses at 50 per cent capacity when service resumes

Covid-19 crisis may drag 400 mn Indian workers further into poverty: ILO

In India, with a share of almost 90% of people working in the informal economy, about 400 million workers in the informal economy are at risk of falling deeper into poverty during the crisis

Domestic air traffic to fall from 140 mn to 90 mn due to covid-19: CAPA

Domestic air traffic is expected to drop to 80-90 million passengers in the current fiscal and delivery of more than 200 planes to Indian carriers are likely to be deferred by up to two years, according to a report. "The combination of COVID-related travel restrictions and an economic downturn is likelyto result in 1Q FY2021 being a virtual washout for the Indian industry. "The second quarteris historically the weakest period for demand and hence airlines are only likely to limp back into recovery," aviation consultancy CAPA India said on Monday. As a result, CAPA said the majority of the fleet is likely to be surplus to requirement during the first half of the current financial year. In its report titled 'COVID-19 & the State of Indian Aviation Industry,' the aviation consultancy forecast domestic traffic to decline to around 80-90 million this fiscal from an estimated 140 million in FY2020. International traffic is expected to fall from approximately 70 million in the previous .

Covid-19: India to open its skies in phases after lockdown is lifted

The top 10 airports are likely to be made operational first; international travel to open up last

Covid-19: Global aviation could lose $250 bn; India may take $3.6 bn hit

According to the International Air Transport Association (IATA), airlines could lose a quarter of a trillion dollars in revenue this year as commercial flights come to a grinding halt.

Major airlines urge US Treasury to disburse assistance of $58 bn quickly

In a letter dated Saturday and seen by Reuters, carriers wrote that "given the urgent and immediate need, it is essential that these funds be disbursed as soon as possible."

CRISIL downgrades ratings for SpiceJet to 'B' as business takes hit

Puts ratings for three airports "under watch negative"

US Senate offers $58 bn aid to airlines as they struggle to stay afloat

The US Senate passed an industry aid package, half in the form of grants to cover some 750,000 employees' paychecks

Covid-19 relief: FM announces Rs 1.7 trn plan for poor, migrant workers

Package announced includes both food security and cash transfer components

Coronavirus: IndiGo offers its aircraft, crew to ferry medicine, equipment

India has banned international commercial passenger flights for a period of one week from Sunday. Moreover, domestic flights have also been suspended from Tuesday midnight

Covid-19: GoAir is third airline to cut salaries, all staff to take hit

Extent of March pay cut not known, lowest pay grades will suffer least; domestic airlines have sought urgent funding from govt to pay 50% staff salaries for next three months

Valuation of Air India set to take a knock amid coronavirus outbreak

The aviation industry is expected to make a loss of $67 billion in 2020 and several airlines are expected to file for bankruptcy in the coming months

Airlines may ground 68% planes amid coronavirus outbreak, says govt

The firms currently have 633 aircraft and the government said they would operate only 200 of these

Covid-19: Asian airlines face revenue shortfall of over $60 bn this year

AAPA urged all governments to take immediate action to address the societal impact of the world's worst public health crisis in a century

Coronavirus outbreak could make airlines bankrupt by May-end: CAPA

Many airlines have probably been driven into technical bankruptcy or substantially breached debt covenants already, Sydney-based consultancy CAPA Centre for Aviation warned in a statement Monday

DGCA asks airlines to waive cancellation fees over Coronavirus outbreak

The aviation regulator issued the advisory as customers have been forced to cancel travel on government orders but are unable to claim a full refund from airlines because of fare rules

Seat capacity drops up to 100% on China, SE Asian routes over Coronavirus

There are 30 international airports in the country and on an average, these aerodromes receive about 70,000 international passengers