Page 39 - Aviation Industry

AirAsia India expected to soon get international flying permit

With AirAsia India getting close to obtaining international flying rights, conglomerate Tata Sons, will in the near future, have four airlines with permits for overseas operations.

Top headlines: Tatas back in the Air India cockpit, TCS PAT rises 14% in Q2

Along with the brand and the slots of the debt-ridden state-owned airline, the Tatas will get the low-cost subsidiary Air India Express and a 50 per cent stake in ground handling firm AISATS.

Tata Sons wins bid: Air India may see turnaround as debt eases by 75%

Air India reported an operating profit of Rs 1,787 crore in FY20 on a consolidated basis but reported a net loss of Rs 7427 crore due to interest and depreciation costs

India has won Covid battle; govt effectively managed pandemic: Indigo CEO

Dutta said: "I am ready to declare that we have won (over) Covid. It was very bad. Delta came to India first. We had a horrific experience but now, we are back down to 20,000 cases a day."

Airlines warn erratic global Covid-19 rules could delay recovery

IATA expects international travel to double next year compared with the depressed levels seen during the pandemic and reach 44% of pre-crisis 2019 levels

SpiceJet's Ajay Singh plans fleet expansion as carrier nears break-even

SpiceJet chairman Ajay Singh expects his cargo business to reach $1 billion in revenue in two to three years.

Global airlines deepen climate goal despite Chinese opposition

IATA Director General Willie Walsh acknowledged the goal would be "an additional challenge at a very difficult time," but appealed for unity.

International air travel in 2021 will be just 22% of 2019 levels: IATA

International air travel continues to remain in deep crisis and will be just 22 per cent in 2021 as compared to the 2019 levels, said Conrad Clifford, Deputy Director General of IATA on Monday

Global aviation to lose $201 bn between 2020-22 due to Covid: IATA DG

The industry will return to profitability in 2023, said Willie Walsh, Director General of global airlines body IATA

Covid-19: AirAsia India to complete staff vaccination by mid-October

Vistara has also released a staff vaccination policy and employees who do not take doses by December-end would need to undergo a RT-PCR test or a rapid antigen test every week

Boeing showcases eco-friendly tech as aviation industry faces pressure

Aviation produces up to 3% of man-made CO2 emissions and 12% of CO2 from transport, the industry says. It has pledged to reduce net carbon emissions to 50% of 2005 levels by 2050

Climate change and Covid-19 cast shadow over jet demand outlook

At a London conference of the leasing industry, which buys around 60% of global jet output, Boeing downplayed fears of a structural contraction of business and leisure travel.

Another crisis bugs aviation industry after Covid-19: a shortage of pilots

Many airlines are aggressively trying to rehire pilots as well as cabin crew and ground staff, but that's not been a simple process and some jobs are left unfilled

SpiceJet gets shareholders' nod to transfer logistics biz to subsidiary

Besides, the shareholders have cleared the proposal to raise up to Rs 2,500 crore through the Qualified institutional placement (QIP) route.

Cathay Pacific lowers Q4 capacity forecast as travel restrictions linger

Hong Kong's Cathay Pacific Airways Ltd said on Monday it had lowered its passenger capacity forecast for the remainder of the year to 13% of pre-COVID levels, down from an earlier 30% target

Limits on airfares to remain for 15 days at any given time: Aviation Min

The lower and upper limits on airfares will remain for 15 days at any given time and the airlines will be free to charge without any limits from the 16th day onwards, the Civil Aviation Ministry said.

Asia's travel optimism boosts jet fuel demand: S&P Global Platts

"Globally, some countries with high rates of vaccination are learning to live with the coronavirus," said J Y Lim, Advisor for oil markets at S & P Global Platts Analytics.

Jet Airways to resume domestic operations in first quarter of 2022

The Jalan Kalrock Consortium, the successful resolution applicant of the carrier, announced on Monday

India's July YoY domestic air passenger traffic rises, says IATA

Accelerated vaccination drive as well as higher rate of economic activity rose India's domestic air passenger traffic in July 2021 on a year-on-year basis.

Indian aviation industry may incur losses worth Rs 26,000 cr in FY22: ICRA

Pandemic-hit Indian aviation industry is expected to report a net loss of Rs 25,000-26,000 crore while its debt level may increase to Rs 1.2 lakh crore in the ongoing fiscal year, ICRA said