Page 28 - Aviation Industry

IndiGo orders 500 Airbus A320 aircraft; largest order in aviation history

With this new order, since its inception in 2006, IndiGo has ordered a total of 1,330 aircraft with Airbus

DGCA issues aerodrome licence to Pithoragarh's Naini Saini airport

The Naini Saini airport here has received the DGCA's aerodrome licence to operate civil flights. The licence which permits take-off and landing of civil flights at the airport is valid for six months. Chief Minister Pushkar Singh Dhami thanked Prime Minister Narendra Modi and Civil Aviation Minister Jyotiraditya Scindia for issuing the licence, saying it was a big step towards strengthening air connectivity in the state. The licence was issued on Monday. "We have received the licence that is valid for six months to run civil flights from the airport," the airport's manager Anurag Arya said. A DGCA team visited the airport last month to conduct a survey of the facilities there ahead of issuing the license.

IndiGo co-founder's family likely to sell stake worth up to $909 mn: Report

The family of IndiGo's co-founder Rakesh Gangwal was likely to sell between 5% and 8% stake in the Indian airline's parent InterGlobe Aviation Ltd, CNBC Awaaz said in a report, citing sources.

India has right vision for aviation sector, needs caution with taxes: IATA

India has the right vision and well-timed strategy for the aviation sector, especially with good economic growth and high population, but it should also be ensured that the positive impact is not curtailed by too many taxes, according to IATA. Marie Owens Thomsen, the Chief Economist at the International Air Transport Association (IATA), also said that she is not in favour of any kind of duopoly in the airline industry and emphasised the importance of healthy competition as well as participants being resilient. She shared her views on competition in response to a question from PTI on the possibility of duopoly in the fast growing Indian airlines market. While the domestic traffic is on the rise, the airlines segment is facing headwinds with Go First suspending operations and SpiceJet grappling with various issues, while IndiGo and Air India group are expanding their presence. Akasa Air, which is on a steady path, is less than a year old. "I am an economist and obviously, I am not .

SpiceJet to add 10 narrow-body Boeing aircraft, including five B737 Max

No-frills airline SpiceJet, which is trying to keep afloat amid several aircraft of its fleet being grounded over payment issues with lessors, on Friday said it plans to add 10 narrow-body Boeing aircraft, including five B737 Max, on lease by October. In the intervening period, the airline is working on restoring and reviving its grounded aircraft which will start returning back to service soon, SpiceJet said in a statement. "We will be inducting 10 B737 aircraft between September-October. The induction of these planes, which coincides with the peak travel season in India, will help us launch new routes and strengthen our presence on existing ones," said Ajay Singh, Chairman and Managing Director of SpiceJet. The airline said it has already signed a lease agreement for these 10 planes which will start joining the fleet from September to cater to the rising demand. "There has been a significant surge in passenger demand and we are hopeful that this trend will continue in the latter

SpiceJet partners with FTAI to restore fleet, to lease up to 20 engines

SpiceJet had also said there were no plans to file for insolvency, quelling fears of a spillover after rival Go Airlines (India) filed for voluntary bankruptcy

Emirates Airline makes strong pitch to increase bilateral flying rights

Making a strong pitch for increased bilateral flying rights, Gulf major Emirates Airline's President Sir Tim Clark on Tuesday said the group has had no increase in seats in India since 2015 and during this period, the country's economy has grown at a great pace. India is one of the fastest-growing aviation markets in the world and Gulf carriers have been seeking enhanced bilateral flying rights to operate more flights to and from the country. However, the government is not in favour of granting more bilateral flying rights. Emirates can operate 65,000 seats from Dubai to India in each direction every week. According to him, Emirates has had no seat increase in India since 2015 and during this period, the Indian economy has moved at a great pace. At a media briefing on the sidelines of the IATA World Air Transport Summit here, Clark said that demand in and out of India is being compromised by an access policy, which "I don't think does them any favours". Emirates, which operates on

Airlines to profit, global air travel to increase amid challenges: IATA

According to Walsh, the removal of Covid-19 restrictions is one of the developments boosting the industry

Higher leasing bills, jet recovery dispute will hit airline costs: AerCap

Tribunal last month granted request from 6th-largest carrier for bankruptcy protection, putting into effect moratorium on its assets that prevents foreign lessors from taking planes out for a year

Pratt & Whitney to oppose Go First's push to enforce arbitration against it

Go First approached the Delaware court after it won an arbitration order in Singapore against Pratt & Whitney, which it said failed to supply engines on time

Govt to decide on Go First bankruptcy, lessors seeking planes fear impact

This is the first time an Indian airline has voluntarily sought bankruptcy protection to renegotiate its contracts and debts

Here's why airlines keep folding in India's booming aviation market

The lure of aviation has proven particularly attractive - and brutal - for wealthy entrepreneurs, eager to enter a burgeoning sector and wooed by the status of owning an airline

What happens when a company files for insolvency?

On May 2, Go First Airways filed for voluntary insolvency with the National Company Law Tribunal. What's next? Watch the video to find out

Lufthansa grounds subsidiary's Airbus fleet due to supply challenges

A220s have proven particularly vulnerable to a lack of spare engines during MRO process, as per various airlines chiefs

TMS Ep425: Go First, M&M EV, aviation stocks, confidential IPO filing

What does Go First's demise mean for flyers? Can M&M catch up with Tata Motors in EV space? Will IndiGo, SpiceJet fly high as Go First goes off radar? What is confidential IPO filing? Answers here

No-frills carrier Go First extends booking hold-up; NCLT plea today

Lenders' meeting on the crisis remains inconclusive, to resume today

Go First insolvency: Spot airfares rise on the airline's top routes

Go First's third busiest route was Delhi-Leh route where the airline was scheduled to operate 66 flights per week this month

'Tough times': Go First staff hopes airline survives, scouts for options

Some pilots of troubled airline have joined airlines in West Asia in recent weeks and others have approached IndiGo

Go First bankruptcy seen helping rivals, boosting airfares in India

Shares of India's largest airline IndiGo rose by more than 8% on Wednesday, a day after cash-strapped airline Go First filed for bankruptcy, blaming "faulty" Pratt & Whitney engines

India emerging as key aviation market, air travel grows: IATA report

India has been the top domestic market measured by PLF for the last four months