Page 31 - Airlines

Top headlines: UBS eyes Credit Suisse takeover, Amritpal declared fugitive

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Cash-strapped Pakistan struggling to pay $290 mn to international airlines

The ongoing crisis has also hit the aviation industry where airlines sell tickets in local currency but repatriate dollars to pay for expenses such as fuel costs

Three years, 4,700 complaints against domestic airlines: Govt data

The grievances are taken up with the airlines concerned. If the complainant is not satisfied he/she can file an appeal

Ensure airlines do not practice predatory pricing: Parl panel tells govt

A parliamentary panel has asked the civil aviation ministry to cap the upper and lower levels of airfares, and ensure that predatory pricing mechanism is not adopted by the airlines under the cloak of free market economy. "A perfect balance has to be maintained between the commercial interest of the private airlines and the interest of the passengers so as to enable the private airlines to grow and at the same time the interest of passengers should also be kept in mind, so that they are not fleeced in the garb of commercialisation," the panel said. The recommendations have been made by the Department -related Parliamentary Standing Committee on Transport, Tourism and Culture in its report on the ministry's demand for grants for 2023-24. The report was tabled in Parliament on Monday. Among others, there have been complaints about sudden surge in air ticket prices during peak travel seasons. The committee also observed that presently the surge in airfares does not reflect any sort of

Ensure airlines do not practice predatory pricing: Parl panel tells govt

A Parliamentary panel on Monday asked the civil aviation ministry to cap the upper and lower levels of airfares, and ensure that predatory pricing mechanism is not adopted by the airlines under the cloak of free market economy. "A perfect balance has to be maintained between the commercial interest of the private airlines and the interest of the passengers so as to enable the private airlines to grow and at the same time the interest of passengers should also be kept in mind, so that they are not fleeced in the garb of commercialisation," the panel said. The recommendations have been made by the Department -related Parliamentary Standing Committee on Transport, Tourism and Culture in its report on the ministry's demand for grants for 2023-24. Among others, there have been complaints about sudden surge in air ticket prices during peak travel seasons. The committee also observed that presently the surge in airfares does not reflect any sort of mechanism on part of the ministry to ...

US-India airfares shoot up as impact of Russia's war in Ukraine continues

Invasion has resulted in fuel costs increasing; the closure of Russian airspace for western airlines

Q3 GDP numbers: Taking a look at some high-frequency indicators

The govt contends that Q3 GDP will be revised upwards. Many experts believe rural economic growth is still slow. Data shows both could be right

Biden administration sues to block JetBlue from buying Spirit Airlines

The Biden administration sued on Tuesday to block JetBlue Airways' $3.8 billion purchase of Spirit Airlines, saying the deal would reduce competition and drive up air fares for consumers. The Justice Department said the tie-up would especially hurt cost-conscious travellers who depend on Spirit to find cheaper options than they can find on JetBlue and other airlines. Attorney General Merrick Garland was scheduled to hold a news conference to announce the lawsuit a sign of the importance that the administration places on stopping further consolidation in the airline industry. JetBlue and Spirit have anticipated the government challenge for weeks. The government had previously requested additional documents and depositions about JetBlue's proposal to buy Spirit, the nation's biggest budget airline. Negotiations over a possible settlement failed. The Justice Department said in the lawsuit, filed in federal district court in Boston, that the deal would end direct competition between .

Top headlines: Philanthropy by India's rich falls, airlines step up hiring

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Airlines step up hiring to drive growth as demand recovers, costs ease

IndiGo to hire 5,000-6,000 employees in FY24; Akasa Air will add 1,000 staff; Air India said it will recruit 5,100 staff including 900 pilots and 4200 trainee crew

High airfares are here to stay after post-pandemic boom: AirAsia CEO

"It's not high prices, it's real prices," Fernandes said. "I think the fares you're seeing now are really what you should have seen in 2019 as well"

Singapore Airlines to get 25.1% stake in enlarged Air India group

The November 2022 deal will inject a further SGD 360 million ($267 million) into Air India; this agreement is still subject to regulatory approval

When customer is king but unpleasant: How bad behaviour affects air crew

Behind the exotic travel destinations, prim and proper clothing, smiles, flawless skin, and perfectly manicured hands of the air hostesses, there's a dark world of enormous struggle

Aviation regulator DGCA recommends measures to boost mental health of crew

The regulator is of the view that the pressures and stressors at workplace and personal life cannot be addressed through these professional skills, procedures or knowledge

Airlines turn market darlings as Covid-19 forces financial clean up

Virgin Australia, so financially frail when Covid-19 hit in 2020 that it folded in weeks, has undergone a remarkable transformation under new owner Bain Capital

Airlines must look at common services facility to cut costs: Suresh Prabhu

As Indian airlines seek to expand their fleet, former Union Civil Aviation Minister Suresh Prabhu has said the carriers should look at having a common services facility within the country for maintenance, repair and overhaul works as that will help reduce costs. With Air India placing orders for new aircraft after more than 17 years, he also said the airline should look at flying more on the profitable Gulf routes as well as restoring overseas "historical connections" which it used to operate earlier. Prabhu served as the Civil Aviation Minister from March 2018 to May 2019 and during his tenure also efforts were made to turnaround the loss-making Air India, which was finally taken over by the Tata Group in January 2022 under the government's disinvestment programme. "We should work on having international aviation hubs in India as well as look at having some sort of a common aviation services facility that can be shared by all airlines. Such a facility will help in reducing costs as

Air India order for 840 planes, with 370 as options: Airline executive

Order of 840 aircraft a culmination of a fascinating two-year journey: CCTO

DGCA imposes Rs 20 lakh fine on Air Asia for failing to discharge duties

It has also asked for removal of the airline's Head of Training from his position for three months

Vistara plans to launch flight services to Hong Kong and Mauritius

The Tata group-run airline on Monday inducted an Airbus A321LR, the first by an Indian carrier. Vistara now has 54 planes and will add six more in 2023

IndiGo flies back in green, Q3 net soars 1,000% to a record Rs 1,422 cr

Record Rs 1,422-cr quarterly profit comes on the back of best-ever revenue