Page 8 - Airlines

Airfare to rise not more than 1.5% if tariff proposal accepted: DIAL

"Overall, the average domestic ticket price will increase by no more than 1.5-2 per cent, while international fares will rise by 0.5-1 per cent," the CEO said

IndiGo to damp lease 3 more Boeing 787-9 for international expansion

Domestic carrier IndiGo on Wednesday said it will induct three more Boeing 787-9 planes in its fleet under a damp lease arrangement with Norse Atlantic Airways, as it prepares to launch flights to Europe from mid-summer this year. Currently, the Gurugram-headquartered airline operates two widebody Boeing 777 planes, wet leased from Turkish Airlines, to Istanbul from Delhi and Mumbai. Earlier this month, IndiGo had announced signing a deal for one Boeing 787 with Norse Atlantic Airways. The delivery of this first widebody B787 is on-track, and it is scheduled to start operations on the Delhi-Bangkok route from March 1, 2025, IndiGo said in the statement. IndiGo has signed "another firm agreement with Norse Atlantic Airways for damp lease of three Boeing 787-9 aircraft. These aircraft will be arriving in India in the second half of 2025 and will be serving long-haul routes out of India," it said. In a damp lease, the lessor provides the maintenance along with the aircraft but not th

SpiceJet posts Rs 26 cr profit in Dec quarter backed by high performance

Budget airline SpiceJet on Wednesday reported a profit after tax of Rs 26 crore for the three months ended December 2024, helped by overall improved performance. The carrier had posted a loss of Rs 300 crore in the year-ago period. "Total revenue surged by 35 per cent to Rs 1,651 crore, driven by strong passenger demand, improved yields and enhanced operational efficiency. Passenger Load Factor (PLF) stood at an impressive 87 per cent," the airline said in a release. Total revenue stood at Rs 1,077 crore in the 2024 September quarter. However, compared to Rs 2,149 crore reported in the three months ended December 2023, the total revenue is lower in the latest December quarter. The results for the third quarter of the current financial year was scheduled to be announced on Tuesday. However, the meeting of the company's board of directors, through video conferencing, started at 1.30 pm and ended only at 11.50 pm on Tuesday, according to a filing made to the BSE at 12.51 am on ...

Lenders to Go First to auction land parcels in March for recovery

About 94.7 acres on block; reserve price set at Rs 1,782 crore

Airlines warned as Chinese navy to hold live-fire exercises off Australia

Australia's Prime Minister Anthony Albanese told reporters on Friday afternoon that the time period for the Chinese navy exercises had expired, and it was unclear if live fire had been used

Hoax bomb threats to airlines jumped 13 times to 714 in 2024, shows data

Airports, too, bore the brunt of this chaos, with the number of bomb threats rising nearly six-fold to 299 in 2024, compared to a mere 51 the previous year

In talks with Go First lenders to rescue airline: Busy Bee Airways to NCLAT

Busy Bee told the appellate tribunal that it has met with the lenders and plans to meet them again this week. It also said that it has shared an updated proposal with the lenders

Azim Premji, Ranjan Pai family offices infuse capital into Akasa Air

The airline's net loss more than doubled in 2023-24, soaring to Rs 1,670 crore from Rs 744 crore in the previous year

Boeing expects Indian, S Asian airlines to add 2,800 jets in next 20 yrs

The US planemaker's previous rolling 20-year market forecast, issued last year, was for 2,705 jets

Budget 2025: Airlines see growth, accessible travel in modified UDAN scheme

Airlines on Saturday welcomed the proposal to modify UDAN scheme to provide regional air connectivity to 120 new destinations, saying the move will make air travel more accessible as well as help boost overall economic growth. Presenting the Union Budget for 2025-26, Finance Minister Nirmala Sitharaman said UDAN (Ude Desh ka Aam Naagrik) has enabled 1.5 crore middle-class people to meet their aspirations for speedier travel. SpiceJet Chairman and Managing Director Ajay Singh said the budget is forward-looking and middle class-friendly and aims to boost spending and stimulate development. "With the launch of a modified UDAN scheme that will introduce 120 new destinations and bring 4 crore additional passengers into the fold over the next decade, the aviation landscape in India is set for a transformative shift. This initiative will not only make air travel more accessible to remote regions but will also drive economic growth and tourism, further empowering local economies," he said i

Transfer passengers' share likely to double in 10 years, says BIAL COO

In an interview with Business Standard, he said about five years ago, the share of transfer traffic in the airport's overall traffic was about six per cent

Approach lenders for acquisition of Go First: NCLAT to Busy Bee Airways

Busy Bee Airways, backed by travel portal EaseMyTrip's co-founder and CEO Nishant Pitti, challenged the liquidation of the airline last week

US citizens express grief over mid-air plane collision in Washington DC

A local, Michelle Boudreau, recounted her experience of listening to the incident and called it heartbreaking

No level playing field in allocation of bilateral rights: Akasa Air to govt

Bilateral rights, negotiated between two countries, determine the number of flights allowed between them. Each government then allocates its share to its airlines

Raghav Chadha accuses airlines of fleecing Mahakumbh devotees, seeks action

He urged the Centre to intervene and cap flight prices to ensure fair treatment for devotees

Star Air to venture into aircraft MRO business with joint venture

Regional carrier Star Air on Monday said it is looking to enter into the aircraft MRO business in a joint venture for line and major maintenance to cater to the regional and business jets fleet. The Bangalore-based airline, which this month completed six years of its operations, also said it is aiming to have 14 aircraft in its fleet by March this year besides expanding the network to over 100 flights. Founded in 2019 by the Kolhapur-headquartered diversified group Sanjay Ghodawat Group with business interest in sectors such as energy, aviation, consumer products, retail, real estate and textiles, among others, Star Air has a fleet of nine Embraer aircraft, operating 44 flights per day to 23 domestic destinations. The proposed MRO facility, the land for which is being identified, will run under a subsidiary engineering company, Star Air said, adding it will support line and major maintenance dedicated to regional aircraft and business jets. The company, however, did not share speci

On growth runway: IndiGo cleared for takeoff on strong demand winds

Airline stays airborne with consumer spending lift-off, lower fuel and rental costs

Lenders to Go Air expect recovery in H1FY26, collateral assessment underway

Conducting diligence on collateral, including land

JetSetGo enters urban air mobility mkt with new partnerships for air taxis

JetSetGo signed a memorandum of understanding (MoU) with SkyDrive, a Japan-based company, to explore deployment opportunities for its three-seat fully electric multicopter, SD05

Poland accuses Russia of planning acts of terror against airlines globally

Polish Prime Minister Donald Tusk accused Russia on Wednesday of planning acts of sabotage worldwide that included acts of air terror against airlines. Tusk spoke at a news conference in Warsaw alongside Ukrainian President Volodymr Zelenskyy. I will not go into details, I can only confirm the validity of fears that Russia was planning acts of air terror, not only against Poland, but against airlines around the world, Tusk said. The Kremlin has dismissed previous Western claims that Russia sponsored acts of sabotage and attacks in Europe. Western security officials suspect Russian intelligence was behind a plot to put incendiary devices in packages on cargo planes headed to North America, including one that caught fire at a courier hub in Germany and another that ignited in a warehouse in England last year. Late last year, Azerbaijan accused Russia of unintentionally shooting down an Azerbaijani airliner that crashed in Kazakhstan on December 25, killing 38 people. Russian Presid