Page 44 - Aviation Industry

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

Tatas spread wings in aviation, hike stake in AirAsia India to 84%

Malaysian parent planning to quit the joint venture fully

AirAsia to sell 32.67% of stake in its Indian operations to Tata Sons

The announcement comes two months after AirAsia shut its operations in Japan, citing highly challenging conditions amid the pandemic

FAA to reform new airplane safety approvals after Boeing 737 MAX crashes

The Federal Aviation Administration (FAA) said it would reform how it certifies new airplanes in line with legislation passed by Congress after two fatal Boeing 737 MAX crashes that killed 346 people

Airlines seek easier Kamath panel's parameters on loan restructuring

Have sought intervention of Ministry of Civil Aviation for fresh credit lines

In midst of holiday season, Dubai flights hit by seat allocation dispute

The dispute required the intervention of external affairs ministry post which Dubai has agreed to allow Indian airlines to operate 4,800 seats per week

Lufthansa airlifts fresh food to England as UK border chaos continues

The German airline will fly 80 metric tons of food to Doncaster-Sheffield airport in northern England using a Boeing Co. 777F freighter