Page 43 - Aviation Industry

Covid-19 impact: Lufthansa lays off 103 of its 135 cabin crew in India

The German carrier, which operated 42 flights per week to India prior to lockdown, now operates 10 services per week under an air travel bubble

IndiGo starts hiring, gives offer letters to 32 pilots for ATR-72 fleet

The pandemic hit few sectors harder than air travel, wiping out tens of thousands of jobs. IndiGo had slashed its workforce by 10 per cent last year in view of travel disruptions

SpiceJet posts Rs 67 cr net loss in Q3 vs Rs 78 cr profit a year ago

While revenue from operations halved, SpiceJet gained due to Rs 209 crore of other income, including claims due from Boeing towards grounding of 737 Max and concessions in lease rent from lessors

January air traffic growth slows down to 3.5% sequentially: Icra

DGCA yet to release traffic data; in December domestic airlines flew 7.3 mn passengers with month-on-month growth of 15%

Corporate air travel takes wing on economic revival, low Covid-19 cases

Online travel portals and airlines say the demand from companies is being led by essential services sectors like pharmaceutical, oil and gas, and power

Vaccine passport: A ticket to fly around the world amid Covid-19 pandemic

The vaccine passport will effectively create digital credentials that could be the key to attending crowded events or even visiting countries.

Aviation workforce shrank by 39,000 in April-Sept due to Covid-19: Ministry

Highest impact seen in employment at airports which shed 19,247 employees during this period

Govt likely to fetch around Rs 15,000 crore from sale of Air India

Prospective bidders are perhaps ascribing zero value to the equity of the financially-stressed company, a source said. The Tata group is being considered a frontrunner for acquiring Air India

Scheduled international passenger flights' suspension extended till Feb 28

"However, international scheduled flights may be allowed on selected routes by the competent authority on a case-to-case basis," the Directorate General of Civil Aviation added

Tata's airline dilemma

A Tata takeover of Air India is being seen as the best outcome for all concerned

Govt plans to lift cap on flights, wants airlines to fly full capacity

Except IndiGo, airlines resist lifting of cap as traffic uncertain

Indonesian authorities extend search for Sriwijaya plane crash victims

Indonesia's National Search and Rescue Agency (Basarnas) has extended the search for victims of last week's Sriwijaya Air plane crash

US orders zero tolerance for disruptive airline passengers, possibly jail

US Federal Aviation Administration chief Steve Dickson signed an order directing the agency to take a "zero tolerance policy" after supporters of Trump were disruptive on some recent flights

Singapore Airlines raises $500 mn in dollar debt debut to buy new aircraft

Singapore Airlines has raised $500 million in its first US dollar bond issue, which the company will use to buy new aircraft as the global aviation industry prepares for a post-pandemic travel rebound

Immediate outlook challenging for airlines despite vaccine progress: IATA

"We've actually seen quite a sharp drop-off in bookings, which means that the immediate outlook looks pretty challenging," chief economist Brian Pearce said

Indonesian navy divers recover 'black box' from crashed Sriwijaya plane

Indonesian navy divers searching the ocean floor have recovered a black box from a Sriwijaya Air jet that crashed into the Java Sea with 62 people on board

Vistara to operate daily flights on Delhi-Sharjah route from Jan 20

Full service carrier Vistara said on Monday it will be operating daily flights between Delhi and Sharjah from January 20 onwards

Singapore Airlines readies first US dollar bond, term sheet shows

A term sheet for Singapore Airlines' first US dollar bond has been circulated by bookrunners for the potential issue, and calls were being held with prospective investors on Monday

Cap on domestic airfare extended till 31 March, but with rules tweaked

Airlines will need to sell 20% seats below midpoint of the fare band on each flight instead of 40% as mandated earlier

Festive sales and pent-up demand push Titan closer to growth in Q3

While jewellery division crosses recovery phase to growth phase, watches & eyewear divisions near full recovery