Page 8 - Airline Sector

Don't see India turning into a duopoly market: Air India CEO & MD Wilson

'With a much enlarged fleet, we are going to have facilities of that scale and quality to support that fleet... '

Development of sustainable jet fuels must to decarbonise economy: Murmu

The development of sustainable jet fuels is a much-needed step to decarbonise the economy and there is also the need to rapidly adopt new propulsion technologies such as electric, hydrogen and hybrid at a large scale, President Droupadi Murmu said on Saturday. Speaking at a conference in the national capital, she also emphasised that the decarbonisation of aero-propulsion is an onerous task "we will have to undertake because climate change and global warming are threatening the very existence of humans". According to her, the development of sustainable jet fuels is one of the much-needed steps to decarbonise the economy but it is hardest to achieve because traditional fuels are of very high density. "Finding non-fossil sustainable resources which could replace these traditional fuels should be the priority objective because we are approaching a climate tipping point. To reduce our carbon footprint, we need to rapidly adopt new propulsion technologies at a large scale, such as ...

Airbus raises A350 output goal as Q3 profits jump 21% at $1.08 bn

Airbus said it was seeing strong demand in commercial aircraft, including a continuing rebound in big jets like the A350, but expected the supply chain to remain "challenging"

Go First lenders likely to recover Rs 1,600-1,900 cr through Thane land

The Go First lenders are seeking to recover around 25-30% or Rs 1,600 crore-Rs 1,900 crore of their exposure to the airline

Vietnamese airlines should explore direct flights to NE states: Minister

Union Minister of State for External Affairs Rajkumar Ranjan Singh on Saturday urged airlines from Vietnam to explore launching direct flights to cities in north-eastern states of India to provide increased investment and tourism opportunities to both countries. Guwahati, considered the Gateway to Southeast Asia, has an international airport with direct flights connecting Bangkok and Singapore, Singh said while addressing a session on investment and trade at the North East India Festival here. "All eight North East states are well connected by air, land and rail with other parts of India. I invite airlines from Vietnam to explore possibilities of connecting NE states with cities by air," he said. Singh said that India and Vietnam are long-standing friends with their bilateral relations and friendship rooted in shared history. He said the relation has been further strengthened by India's Act East Policy. "It has further fostered its strategic relationship promoting economic cooperat

Akasa cancels flights from Bengaluru, airline says network 'rationalised'

Akasa Air, which is facing headwinds due to pilot issues, has cancelled some flights from Bengaluru, sources said on Thursday, while the airline stated it has rationalised the network to ensure high operational reliability. Bengaluru is the hub for the carrier, which operates around 700 flights daily. Sources said the airline, which has been flying for more than a year, has cancelled some flights from Bengaluru. However, specific details could not be immediately ascertained. "As we have mentioned before in the July-August 2023 timeframe, when a small set of pilots abandoned their duties and left the organisation without serving their mandatory contractual notice period, we were forced to cancel a number of flights. "Since then, we have rationalised our network to ensure that we offer our customers the highest levels of operational reliability, as we did for the first 11 months of our operation," an Akasa Air spokesperson said in a statement. The airline flies to 16 cities. Accord

Wadia Group to stay away from Go First insolvency process: Report

A third source involved in the insolvency process said while the law does not prohibit the Wadia Group from joining the process at a later stage, there was no current indication it would do so

Go First case: New NCLT bench to hear petitions of airline, lessors

The NCLT bench had asked the registry to list the matter before the tribunal president for clarification, while hearing applications filed by 10 lessors in the Go First case

Can't interfere in employment pact between Akasa, pilots: DGCA in Delhi HC

The bench of Justice Manmeet Pritam Arora recently kept the order reserved and asked the concerned parties to file their written synopsis

Go First lenders likely to extend deadline seeking investor interest

The resolution professional for the company, which operated the Go First carrier, had in July invited investor interest on behalf of creditors after the airline filed for insolvency in May

JKC gets time till Sept-end to pay Jet Airways lenders Rs 350 crore dues

The date for the payment was earlier set for 31 August, but JKC had sought an extension

Go First lenders approve Rs 100 crore of CIRP cost with 98% vote

The airline stopped flying on May 3 and approached for initiation of the CIRP against it as it was unable to fly due to technical difficulties faced by the non-availability of engines

Looking for more Indian destinations: Sri Lankan Airlines regional manager

He said India and Sri Lanka have lots of similarities in terms of religion and culture which can play an important role in boosting tourism between the two countries

Go First lessors can't carry out upkeep, DGCA tells Delhi High Court

According to records, airline is the only entity authorised to maintain planes

Expressions of Interest sought for possible sale of crisis-hit Go First

The airline, which posted Rs 4,183 crore as total revenues from operations in FY22, ceased operations on May 3 this year

Competition notice in aviation

CCI scrutiny of Air India-Vistara merger could be a test case

IndiGo tripled in size during past seven years, retired old planes

The airline's highest capacity addition till date happened in FY19 and FY20, a period that also saw Jet Airways closing down in April 2019

Boeing sees $8 trillion jet market in 20 years as climate reshapes travel

The Arlington, Virginia-based manufacturer doesn't expect every category of jet to enjoy robust growth

Airlines start filling up Go First void even as fares soar up to 5x

Air India, Vistara have started four and 14 new weekly services on the Mumbai-Goa route

NCLAT to pass crucial orders in Go First insolvency case on Monday

The Appellate Tribunal's orders would decide if lessors are allowed to take possession of the aircraft or if the planes remain under the airline's control