Page 20 - Airlines

Airlines expected to report lower loss of Rs 3,000-4,000 cr: Report

Airlines are projected to report a lower net loss of Rs 3,000 to 4,000 crore in the current as well as next financial years, helped by healthy passenger traffic growth and pricing discipline, a report said on Monday. For February, credit rating agency Icra in its report said domestic air passenger traffic was estimated at around 127.5 lakh. The aviation sector has also been grappling with supply chain challenges and issues related to Pratt & Whitney (P&W) engines. IndiGo grounded more than 70 planes due to P&W engine problems. "It is estimated that 24-26 per cent of the total fleet of Indian airlines in operations will be grounded by March 31, 2024. Considering the bulk recall of the engines globally by P&W and other existing issues with the OEM's engines, the testing by P&W is likely to take longer at 250-300 days," the report said. Meanwhile, it said the pace of recovery in industry earnings is likely to be gradual owing to the high fixed-cost nature of the ...

IndiGo flight from Mumbai to Istanbul delays due to technical issue

The IndiGo flight coming from Mumbai to Istanbul has been delayed due to a technical issue, the airline said on Saturday.According to the official statement, passengers for this flight are being accommodated on two special flights operated by A32x aircraft."IndiGo's flight 6E18 from Mumbai to Istanbul has been delayed due to a technical issue with the incoming aircraft from Istanbul. Passengers for this flight are being accommodated on 2 special flights operated by A32x aircraft and, we are currently working with the regulator to obtain the requisite clearances at the earliest," an official statement said."At this moment, ensuring passengers' comfort caused by this unforeseen situation is our top priority and we are providing alternate options, rescheduling, and refunds as per norms. IndiGo sincerely apologizes for the inconvenience resulting from this delay," it added.Earlier, a 42-year-old passenger travelling in an IndiGo flight on Tuesday was arrested by the Mumbai police for ...

Best of BS Opinion: A wiser world after Covid, Preserving the magic & more

Here is the best of Business Standard's opinion pieces for today

Air India deboards Religare Enterprises Chairperson Saluja from UK flight

The incident happened on flight AI 161 before the scheduled pushback for take off and Saluja was deboarded following advice from the captain of the flight

IndiGo co-founder Gangwal to sell airline's shares worth $450 mn: Report

The floor price for the block deal has been set at 2,925 rupees per share, the report said, which is a 5.8% discount to Interglobe's closing price on Thursday

Delhi HC issues contempt notice to Go First RP over maintenance of aircraft

Go First RP had earlier cited lack of funds for the inability to retain aircraft maintenance staff

Vistara rejects reports its pilot woes disrupted flight operations

Cites bad weather, air traffic congestion among reasons for flight cancellations

Airbus presents 'totally unacceptable' offer to A220 workers: Union memo

Airbus is holding talks with the estimated 1,300 workers in Canada's province of Quebec at a time when the European planemaker is trying to control costs on its loss-making A220 jet

US vows to keep Boeing under microscope after audit: Secy Buttigieg

The FAA also said Monday it found "non-compliance issues in Boeing's manufacturing process control, parts handling and storage, and product control."

Air India, Vistara merger receives Singapore's conditional approval

Singapore's flagship carrier announced its plan to merge Vistara and Air India in November 2022, in a bid to create a dominant full-service airline in the domestic and international markets

American Airlines to buy 260 new planes from Airbus, Boeing and Embraer

American Airlines announced a massive order for new planes on Monday, splitting 260 new aircraft between Airbus, Boeing and Embraer in a move designed to meet growing travel demand and increase the airline's supply of premium seats. American said it placed options for up to 193 more planes over the next several years. The package of orders includes 85 A321neo planes from Europe's Airbus and an identical number of similarly sized Boeing 737 Max 10s. American converted a previous order for 30 Max 8s to the larger Max 10s. The Fort Worth, Texas-based airline also ordered 90 smaller E175 aircraft from Brazil's Embraer. The planes are all single-aisle, so-called narrow-body aircraft that American will use for flights within the United States and to nearby international destinations. American CEO Robert Isom said the airline has invested heavily in the last decade more than 600 planes, including those used by its regional affiliates to modernize and simplify its fleet, which is alread

Flyers with special needs share ordeal: Airlines ensure enough wheelchairs

The number of people with disability and reduced mobility travelling by air has gone up over the years

Go First resolution professional not able to maintain aircraft: Delhi HC

The court warned the RP that it may issue him a notice in the contempt petition if a consensus is not reached on the issue

Must acquire three Jet Airways planes in six months, says Ace Aviation

"Needless to say if we missed our conversion slots we would have to pay penalties and could potentially lose our slots altogether," Koish said

DGCA issues stricter breath analyser norms for air traffic controllers

Aviation regulator DGCA has mandated that at least 25 per cent of the air traffic controllers, aircraft maintenance engineers, and personnel carrying out safety-sensitive work at an airport will have to undergo a breath analyser test daily. The revised Civil Aviation Requirements (CAR) in this regard will come into force after three months, the Directorate General of Civil Aviation (DGCA) said in a release on Thursday. Currently, the breath analyser test percentage required is 10 per cent and that has been increased to 25 per cent. It will be applicable for air traffic controllers, ground staff, aircraft maintenance engineers, and ground handling services personnel right. According to the regulator, revisions have been made to the CAR on the procedure for breath analyser examination of the personnel engaged in safety-sensitive work such as aircraft maintenance, air traffic control services, aerodrome operations, and ground handling services for detecting the consumption of ...

Some airlines suspend flights in Mexico due to ash and smoke from Volcano

Many airlines in Mexico suspended flights due to ash and smoke emanating from a volcano and advised travellers to stay informed through official airport channels

DGCA unlikely to extend June 1 deadline to implement new FDTL rules

In a bid to ensure better fatigue management, the DGCA on January 8 revamped the FDTL regulations

Matter 'practically settled' with Celestial Aviation: SpiceJet to NCLT

Counsel for Celestial told the tribunal that while they have received payments, the airline missed certain agreed-on deadlines for payment

Airtel announces in-flight connectivity for users on international routes

Partnership with UK-based Aeromobile will allow Airtel users surf the web, make online calls on 19 global carriers

SpiceJet raises additional Rs 316 crore through preferential share issue

SpiceJet on Thursday said it has secured an additional Rs 316 crore, taking its total funds raised to Rs 1,060 crore through a preferential share issue. The fresh capital infusion in the struggling airline comes amid its recent announcement of slashing its workforce by 10-15 per cent. In January SpiceJet had received Rs 744 crore as the first tranche of funds through the allotment of securities on a preferential basis. On December 12, the airline had said it would raise fresh capital of Rs 2,250 crore through issuance of securities. "SpiceJet has raised an additional Rs 316 crore, bringing the total investments raised to Rs 1,060 crore under its preferential issue," the airline said in a statement. It added, "The Preferential Allotment Committee of SpiceJet's Board Directors convened on February 21, 2024, approved the allotment of 4.01 crore equity shares on a preferential basis to two investors, including Aries Opportunities Fund Limited." The committee also sanctioned the allot