Page 41 - Aviation Industry
How Indian aviation sector braved Covid turbulence better than global peers
Compared with other major countries during Covid-19, domestic airlines have precariously stayed the course
 "How Indian aviation sector braved Covid turbulence better than global peers")
SpiceJet, IndiGo ready for new war zone as cargo biz continues upward swing
Analysts remain sceptical on the profitability from freighter business
 "SpiceJet, IndiGo ready for new war zone as cargo biz continues upward swing")
Analysts downgrade IndiGo as second Covid-19 wave weakens outlook
The QIP should shore up its cash reserves currently at over Rs 7,000 crore
 "Analysts downgrade IndiGo as second Covid-19 wave weakens outlook")
Airbus sticks with plan to raise production of its jets, shares rise
India is one of Airbus' biggest markets
 "Airbus sticks with plan to raise production of its jets, shares rise")
Boeing halts 737 MAX deliveries due to electrical issues, shares fall
Boeing's shares fell nearly 3%
 "Boeing halts 737 MAX deliveries due to electrical issues, shares fall")
Boeing posts $537 million loss in first quarter, less than a year ago
Boeing Co reported a wider than expected first-quarter loss on Wednesday
 "Boeing posts $537 million loss in first quarter, less than a year ago")
Airlines stall Indians travelling with fake Covid-negative reports
Indian airlines are now accepting only reports that have QR codes embedded in them
 "Airlines stall Indians travelling with fake Covid-negative reports")
IndiGo to acquire four A321ceo planes, convert them into freighter aircraft
The airline is expected to take the delivery of its first plane in the first half of 2022
Air India sale: A previously rejected plan resurfaces as a fall-back option
The fall-back option under discussion is to allow Air India Express to raise money through the market by listing on the bourses
 "Air India sale: A previously rejected plan resurfaces as a fall-back option")
Covid: No meal service on flights shorter than 2 hours, says govt
This comes as coronavirus cases continue to soar in the country
 "Covid: No meal service on flights shorter than 2 hours, says govt")
A soaring flight plan: Bird Group eyes Air India's ground handling arm
The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs
 "A soaring flight plan: Bird Group eyes Air India's ground handling arm")
How the second Covid-19 wave could mar the summer of recovery for airlines
Occupancy in airlines is down to 60 per cent as number of cases rises and states impose travel curbs
 "How the second Covid-19 wave could mar the summer of recovery for airlines")
Mumbai airport traffic drops 46% to around 5 mn in January-March period
Passenger traffic at city's Chhatrapati Shivaji Maharaj International Airport plunged 46 to 5,091,000 passengers in the January-March period of this year over the same period year ago due to Covid
 "Mumbai airport traffic drops 46% to around 5 mn in January-March period")
European Union approves $4.7 billion in state aid to carrier Air France
The European Union has approved USD 4.7 billion in government aid for national carrier Air France as it struggles through the economic impact of the COVID-19 pandemic.
 "European Union approves $4.7 billion in state aid to carrier Air France")
The million-dollar question: Is Air India saleable in its present avatar?
The ifs and buts around its sale are growing day by day
 "The million-dollar question: Is Air India saleable in its present avatar?")
Airlines, hotels stare at uncertain future amid new curbs in Maharashtra
Tightening of travel restrictions and introduction of RT-PCR tests by more states had led to a near flat air traffic growth in Feb and demand will be dented further due to new curbs in Maharashtra.
 "Airlines, hotels stare at uncertain future amid new curbs in Maharashtra")
SpiceJet introduces 'zero change fee' offer for domestic flights
SpiceJet has introduced a 'zero change fee' offer under which passengers can modify dates or names on the ticket
 "SpiceJet introduces 'zero change fee' offer for domestic flights")
SpiceJet ties up with Avenue for sales and lease-back of up to 50 aircraft
Budget carrier SpiceJet on Wednesday said it has signed an initial pact with New York-based global investment firm Avenue Capital Group for financing, acquisition and sales & lease-back of up to 50 new aircraft to be ordered by the airline. The memorandum of understanding, signed between the two partners, sets out the next steps and conditions upon which Avenue will assist with placing of SpiceJet's new aircraft portfolio including sale and lease-back of and also assumption of ownership of potentially up to 50 of these aircraft, the company said in a statement. Founded in 1995 by Marc Lasry,the multinational firm is a pioneer in distressed debt besides having expertise in aircraft leasing. The company has identified the new planes to be ordered by the airline as a unique opportunity for investment, SpiceJet said. "We are delighted to enter into this strategic alliance with Avenue Capital Group and we look forward to closely working with them. This alliance will ensure a seamless ..
 "SpiceJet ties up with Avenue for sales and lease-back of up to 50 aircraft")
DGCA approves 3,282 daily flights for summer schedule: Check details here
Operations have started with only 2,691 flights
 "DGCA approves 3,282 daily flights for summer schedule: Check details here")
Airbus sees medium-haul air travel recovery by 2023, says report
Chief Executive Guillaume Faury said on a webcast on Tuesday that the recovery in air travel in Europe had been "very disappointing" so far in 2021 but that traffic was rebounding in the United States
 "Airbus sees medium-haul air travel recovery by 2023, says report")