Page 14 - Airline Sector
Tribunal rejects petition by employees of debt-laden Jet Airways
A committee of creditors had, in October, approved of the resolution plan submitted by UAE businessman Murari Lal Jalan and Kalrock Capital
 "Tribunal rejects petition by employees of debt-laden Jet Airways")
Jet Airways plans to resume as full-service airline in summer of '21
For businessman Murari Lal Jalan and consortium partner Kalrock, reviving airline is an opportunity
Higher costs and Covid curbs to weigh on airline profitability, revenues
Comfort of cheaper turbine fuel evaporates as crude prices hit highest level since March
 "Higher costs and Covid curbs to weigh on airline profitability, revenues")
Lufthansa to operate 160 flights between India, Germany in September
German airline major Lufthansa on Tuesday said that it will operate 160 flights between India and Germany in September.
 "Lufthansa to operate 160 flights between India, Germany in September")
European airline EasyJet to lay off a 3rd of staff as Covid-19 hits travel
The airline did not specify how many jobs would go, but some 15,000 were employed at the start of 2020
 "European airline EasyJet to lay off a 3rd of staff as Covid-19 hits travel")
Covid-19: Govts put conditions for offering financial lifelines to airlines
Conditions include provisions that loans may convert to government equity stakes, with Air New Zealand Ltd's bailout also dependent on suspending its dividend and paying interest rates of 7% to 9%
 "Covid-19: Govts put conditions for offering financial lifelines to airlines")
Coronavirus scare: Most airlines may face bankruptcy by May, warns report
The fear is that, as a collapsed airline system is reconstituted, similar national self-interest will prevail.
Drop in demand due to travel curbs may stall airline revenues in Q4
Sharp fall in crude oil prices, however, is a positive
Top biz headlines: Govt to sell stake in PSUs, labour law reforms, and more
From financial relief to telcos to states considering legal action against Centre for delay in GST dues, Business Standard brings you the top business headlines for the day
 "Top biz headlines: Govt to sell stake in PSUs, labour law reforms, and more")
InterGlobe Aviation and SpiceJet are ready to fly higher, show charts
Indigo is set to move towards its new all time high, while SpiceJet has absorbed selling pressure around higher levels
 "InterGlobe Aviation and SpiceJet are ready to fly higher, show charts")
Vistara loss doubles to Rs 831 crore amid tough operating environment
Vistara will deploy 50% of its capacity on international routes in the next five years
 "Vistara loss doubles to Rs 831 crore amid tough operating environment")
Airline sector is a tough bet
While falling crude oil prices is a positive, there are other sectors which might do better
 "Airline sector is a tough bet")