Page 17 - Aviation Industry

India's airlines to have 50% mkt share of int'l passengers by FY28: CRISIL

As much as half of the country's international air passenger traffic is expected to be catered by Indian airlines by financial year 2027-28, credit ratings agency CRISIL said on Monday. The share of Indian airlines in international passenger traffic, including originating or terminating as well as the traffic transitioning through the country, is seen surging 700 basis points to around 50 per cent by 2027-28, from 43 per cent in the previous fiscal, it said. The improvement would be driven by Indian airlines deploying additional aircraft and adding new routes in the international segment, as well as their inherent advantage of superior domestic connectivity compared with foreign carriers, CRISIL Ratings said in its report. The report noted that business profiles of Indian carriers will strengthen as a result of their rising share in international traffic, which is more profitable than the domestic segment. India's international passenger traffic grew to around 70 million in fiscal

Will air taxis fly between Delhi and Gurgaon soon? Here is what we know

InterGlobe Enterprises, parent of IndiGo, is teaming up with Archer to bring flying taxis to India. Read on to find out more about the cost, routes, etc

Oz carrier Qantas Airways faces $79 mn penalty for flight cancellations

Qantas was sued in August by the Australian Competition and Consumer Commission (ACCC), which accused it of selling tickets to thousands of flights after they were cancelled

Plane-less Go First's situation 'painful'; hopes for tailwind remain muted

Last May, it all started with flight suspension for just three days and "an unfortunate decision" of voluntary insolvency resolution option taken to protect the airline's interests. A year down the lane, the now plane-less Go First's fate remains uncertain and come June, there are revival expectations, though muted, when the extended deadline for the resolution process ends. There are concerns that the airline might even be pushed into liquidation, experts opined. "It is extremely painful to see that even after one year, the airline has not been able to revive the operations," the budget carrier's former chief Kaushik Khona told PTI. Since May 3, 2023, Go First has not taken to the skies, with its blue and white livery A320 planes gathering dust at airports, most staff leaving and many staring at uncertain times, and a resolution process still remaining on the tarmac. Hopes of a quick revival further faded, as the carrier's 54 planes have been deregistered after protracted legal .

Air India to resume flight services between Delhi-Tel Aviv on May 16

Air India on Friday said it will resume flight services between Delhi and Tel Aviv on May 16. The airline has temporarily suspended flights to and from Tel Aviv amid tensions in the Middle East. In a post on X, Air India said it will resume "services between Delhi and Tel Aviv with five weekly flights from 16 May, 2024". On April 19, the airline said Tel Aviv flights will remain suspended till April 30. The suspension was later extended till May 15. After nearly five months, the Tata group-owned carrier had recommenced services to the Israeli city on March 3. Tensions remain high in the Middle East due to the conflict between Israel and Hamas.

ED opposes bail to Jet Airways founder Naresh Goyal; HC decision on May 6

The Enforcement Directorate (ED) on Friday opposed the interim medical bail sought by Jet Airways founder Naresh Goyal in a money laundering case and said his stay at a private hospital could be extended for a month. Goyal has sought interim bail on medical and humanitarian grounds, citing that both he and his wife, Anita Goyal, suffered from cancer. On Friday, a single bench of Justice N J Jamadar said it would pass orders on May 6. A special court had in February refused bail to Goyal but permitted him to be admitted to a private hospital of his choice and seek medical treatment. Goyal had last week moved the high court seeking interim bail on merits and release on medical grounds. While Goyal's counsel, Harish Salve, urged the court to consider the case on humanitarian grounds, the ED's counsel, Hiten Venegaonkar, vehemently opposed the bail and said the probe agency did not have a problem if his hospitalisation was extended. Before closing the matter for orders, Justice Jamad

Boeing scandal: Another whistleblower dies; was battling sudden infection

He was among the initial whistleblowers who raised concerns about the oversight of manufacturing defects in the 737 Max by Spirit's leadership

Lufthansa, Air France-KLM plan to cut costs after tough first quarter

Air France-KLM said it would tighten spending for the rest of the year, including a freeze on hiring support staff and a vow to stabilise operations, particularly at carrier KLM

Go First's lenders consider liquidation after court order on planes

Go First's resolution professional did not immediately respond to a Reuters' email seeking comment

German carrier Lufthansa looks to strong summer to shake off strike costs

The airline confirmed its forecast of full-year adjusted earnings before interest and taxes (EBIT) of 2.2 billion euros ($2.3 billion)

US strikes deal to boost aviation safety, to not raise pilot retirement age

The bill also requires airplanes to be equipped with 25-hour cockpit recording devices and directs the FAA to deploy advanced airport surface technology to help prevent collisions

India's widebody aircraft fleet has remained stagnant for last 15 years

This has allowed foreign carriers grow in the country's market

New US rules mandate automatic refunds to customers for cancelled flights

The Joe Biden administration on Wednesday issued new rules that require airlines to provide automatic cash refunds to passengers when owed and protect consumers from costly surprise fees. "Too often, airlines drag their feet on refunds or rip folks off with junk fees. It is time Americans got a better deal. Today, my administration is requiring that airlines provide automatic refunds to passengers when they are owed and protect them from surprise fees," Biden said in a video statement. "This is about airlines treating passengers better and it will save people more than half-a-billion dollars, avoiding unwanted, expensive, unnecessary surprise airline fees," said Transportation Secretary Pete Buttigieg. Biden said his administration is holding airlines accountable and bringing costs down for American families. "This is just one part of my administration's plan to prevent companies from playing the American people for suckers. It matters," he said. The White House said these rules wi

Boeing hunting for new CEO to mend damage done by safety incidents

Late last month, the company announced that Calhoun would step down at the end of the year, much earlier than expected

Aionos to bridge silos within aviation, hospitality using AI: Rahul Bhatia

Aionos, wherein IGE will hold the majority shareholding, was launched here on Tuesday in presence of Gurnani and Bhatia

Boeing expects slower growth in 787 production rate and deliveries

Boeing said its 787 production rate was five per month during the last quarter of 2023

Domestic air traffic hits new single-day high; crosses 471,000 passengers

Domestic air traffic touched a new single-day high of 4,71,751 passengers on Sunday, according to official data. The traffic on Sunday was more than 14 per cent higher than the average pre-Covid count of 3,98,579. On April 21, the total number of domestic air passengers stood at 4,71,751 and the number of flights was 6,128, as per the data from the civil aviation ministry. This is higher than the domestic air traffic of 4,28,389 passengers and 5,899 flights recorded on April 21, 2023. In a post on X, the ministry said India's domestic aviation is "everyday at a new high". "Domestic aviation in India is witnessing unprecedented growth, driven by factors such as concrete policies, economic development, and expansion of low-cost carriers. As more people gain access to air travel, the sector is expected to continue its upward trajectory," it said. Last week, aviation regulator DGCA said passengers carried by domestic airlines during January-March 2024 were 391.46 lakhs as against 375

India averts travel chaos as plane technicians call off Tuesday strike

Travel plans were thrown into disarray earlier this month after Vistara, jointly owned by Air India's owner Tata Group and Singapore Airlines Ltd., was forced to cancel more than 100 flights

Test flights for aircraft navigation begin at Noida International Airport

With a maiden turboprop aircraft flight, the Noida International Airport this week started calibrating the ground-based radio navigation system at the greenfield facility. The airport, which is scheduled to start commercial operations by the end of this year, is located at Jewar, around 75 km from Delhi. "A bright and sunny day at #NIAirport set the perfect stage for a DVOR calibration flight, the first of many. The Beechcraft King Air B300 took to the skies, to ensure all @aai_official navigation equipment works flawlessly. #FromTheGroundUp," the airport posted on X on Thursday. A calibration flight is an aviation operation conducted to verify and fine-tune the accuracy of navigation equipment used at airports, according to officials. During a calibration flight, specialized aircraft equipped with precise measurement instruments fly predefined patterns around the airport's airspace. These instruments collect data on the performance of various navigation aids, such as instrument .

InterGlobe, Archer Aviation plan electric air taxis from CP to Gurugram

Archer Aviation will supply 200 electric vertical takeoff and landing (eVTOL) aircraft that can carry four passengers besides a pilot