Page 25 - Aviation Industry

Airlines in last-minute negotiations to rescue Dubai Airshow deals

Emirates Airline President Tim Clark warned Airbus and Rolls-Royce on Tuesday that increased engine downtime in harsh Gulf conditions, as well as higher prices for servicing

Domestic air traffic to rise 11% in Oct as leisure, biz travel increases

The rise in both leisure and business travel, coupled with a decline in crude oil prices and capacity deployment, is expected to add to the growth in passenger traffic.

Asian airlines eye growth as int'l passenger traffic soars by 171% till Oct

As the international air passenger traffic grew by 171 per cent in the first nine months of 2023, a top airline association on Thursday said it looked forward to celebrate growth of the industry and focus on sustainability. Ahead of the 67th Assembly of Presidents of the Association of Asia Pacific Airlines (AAPA) to be held here on Friday, the Association said, the number of international air passengers in Asia Pacific reached 79 per cent of 2019 levels in September 2023, behind other regions given that borders in Asia fully re-opened only six to 12 months after the rest of the world after the pandemic induced lockdowns across nations. Nevertheless, demand is robust, with international air passenger traffic measured in revenue passenger kilometres (RPK) growing by 171 per cent in the first nine months of 2023, compared to the same period in 2022, AAPA said. Seat capacity measured in available seat kilometres increased by a comparatively slower 130 per cent in the first nine months

Stabilising the talent battle

CEOs grappling with talent challenges could draw inspiration from the structured transfer window system used in European football leagues

IndiGo parent's shares drop after airline warns of more groundings

BENGALURU (Reuters) - Shares of IndiGo fell 1.5% on Wednesday after the airline warned that more planes could be grounded due to the latest troubles with Pratt & Whitney engines, leading to the potential withdrawal of nearly a quarter of its fleet. India's top airline, listed as Interglobe Aviation, said late on Tuesday it sees groundings of its Airbus in the range of "mid-thirties" due to a powder metal issue, days after it said about 40 planes were pulled out of service for a separate problem with the engines. Both combined would add up to about a quarter of its total fleet of 334 planes - a large number of which are fitted with Pratt engines. The troubles come at a time when India's air travel market is rapidly growing. India saw a 29% rise in domestic passenger numbers in September from a year ago, and airlines like IndiGo and Air India stand to gain the most with smaller rivals like Go Air facing bankruptcy and upstart Akasa Air contending with a pilot shortage.

Fear of missing out grips global aviation as deal frenzy comes to Dubai

There's more to come. The Dubai Air Show kicks off next week, promising to send 2023 off with a flurry of orders for Airbus SE and Boeing Co

Strong near-term outlook to aid revenues, margins for IndiGo after Q2 show

India's leading airline did well in a seasonally weak quarter for the industry and after paying fees and charges

IndiGo to ground over 30 aircraft due to Pratt & Whitney engine issue

PW engines across the world are facing issues due to the impact of a powder metal defect, which could lead to component cracking

DGCA issues show cause notice to Air India for flight delay compensation

This is not the first instance of Air India coming under the regulator's scrutiny for violating its rules pertaining to passenger compensation. In June of last year

Will add 400 weekly flights this winter: Air India CEO Campbell Wilson

The airline runs approximately 2,900 weekly flights, with roughly 32 per cent dedicated to international routes, according to aviation analytics firm Cirium's data

Demystifying airline seat charges: Rules and logic behind web check-in fees

From low-cost carriers to full-service providers, how Indian airlines define their seat pricing strategies

Off-duty pilot onboard Alaska Airlines flight attempts to disable engines

A 44-year-old man, Joseph David Emerson, was booked on 83 counts of attempted murder and endangering an airplane, according to Multnomah County Sheriff's Office booking information in US

Qatar Airways CEO Al Baker to step down, Al Meer to take over role

Al Baker will be succeeded by Badr Mohammed Al Meer, currently chief operating officer of Hamad International Airport, the source familiar with the matter said

Gulf carrier Emirates to offer premium economy class on A380 India flights

The premium economy cabin on the airline's A380 jet features 56 cream-coloured leather seats at the front of the main deck in a 2-4-2 configuration

Risk monitoring helps Air India prevent revenue loss of over Rs 3 crore

Full-service carrier Air India has prevented revenue loss of over Rs 3 crore in the last 18 months owing to its risk monitoring and fraud prevention mechanism, the airline's Managing Director and Chief Executive Officer Campbell Wilson said on Friday. Wilson in his weekly Friday message to Air India employees, also said that the airline has taken delivery of its second wide-body A350 aircraft, which is expected to arrive in January next year. Air India announced the acquisition of its first A350 plane late last month. Airlines are a high-profile target for fraudsters, whether it be attempts to use stolen credit cards on our websites, to fraudulently claim frequent flier miles, or other scams, Wilson said. The airline has a risk monitoring and fraud prevention unit and preventing fraudulent transactions is one of its important works, he said. Thanks to the unit's vigilance and close liaison with airport staff, it has prevented revenue loss of over Rs 3-crore in the last 18 months,

Air India to receive remaining 20 leased A320neo aircraft by August 2024

In September 2022, the Tata Group-led airline announced that it is leasing 21 A320neos and 4 A321neos to enhance its flight operations

India outpaces peers in recovery of int'l flight capacity, report reveals

Among the top ten international markets for India in August 2023, six have surpassed their pre-pandemic capacities

IndiGo to launch third Mangaluru-Hyderabad daily flight from October 19

In its official statement, the low-cost carrier IndiGo is augmenting its flight schedule from Mangaluru International Airport to Hyderabad starting October 19

SpiceJet, aircraft lessor Celestial Aviation working towards settlement

Budget carrier SpiceJet and aircraft lessor Celestial Aviation are working towards settlement, which is in the advanced stage, insolvency tribunal NCLT was informed on Tuesday. During the proceedings, counsel appearing in the matter informed about the development and requested the National Company Law Tribunal (NCLT) to adjourn the matter, which was accepted. The development came during the hearing of a plea filed by Celestial Aviation Services Ltd, an operational creditor, to initiate insolvency proceedings against the airline. A two-member NCLT bench directed to list the matter on November 7 for the next hearing. According to some reports, Celestial Aviation Services Ltd is claiming a default of USD 29.9 million for nine aircraft. It is the fifth lessor, which had moved against SpiceJet. Some other lessors such as Willis Lease Finance, Aircastle and Wilmington have also moved pleas to initiate insolvency proceedings against SpiceJet before the NCLT. Earlier on September 5, NCLT

India offers lot of opportunities to aviation sector: DFS Secy Joshi

India offers a lot of opportunities to the aviation industry, and the government has taken many initiatives to promote investment in the sector, Financial Services Secretary Vivek Joshi said on Saturday. Addressing a roundtable conference on the airport sector organised by IIFCL, Joshi said the launch of the 'Ude Desh ka Aam Nagarik' (UDAN) scheme has led to significant development of the sector in the past 7-8 years. As a result, the number of airports has almost doubled from 74 in 2014 to 148 in 2023, giving a boost to regional connectivity. The government has additionally given in-principle approval for setting up 21 greenfield airports across the country, he noted. Further, he said, two big airports coming up in Noida and Navi Mumbai will add to the capacity of the airports in the country. India's aviation industry has seen a remarkable boost in recent years facilitated by the government's investor-friendly legislation, supportive ecosystem and growing demand. The aviation .