Page 46 - Aviation Industry

BOC Aviation delivers first of four Airbus A321NEO aircraft to Indigo

BOC Aviation Ltd. has delivered the first of four new Airbus A321NEO aircraft on lease to IndiGo, an official statement said

Aviation recovery to be delayed as govt extends 60% cap on flight capacity

Move runs contra to aviation minister's earlier statement on likelihood of raising ceiling to 75% of pre-Covid scheduled domestic flights

Commercial flights from Bareilly airport expected to start by December: AAI

The release said the AAI is also building a regular terminal building with an area of 2,520 square metre at the Bareilly airport and more than 80 per cent of its construction work has been completed

IndiGo, SpiceJet: Lower costs, higher capacity utilisation to boost Q2 nos

Analysts at Centrum Broking note that Brent crude prices declined sharply by 30 per cent YoY, while domestic ATF prices declined 32 per cent YoY, leading to lower fuel costs

Hard hit by coronavirus crisis, airlines push for tests over quarantines

International air traffic is down 92 per cent this year as travelers worry about catching COVID-19 and government travel bans and quarantine rules make planning difficult

Lower fare limits to apply to premium economy class seats: Aviation Min

Among the Indian domestic carriers, only Vistara has premium economy class seats in its flights

Smart or rash? SpiceJet flies in the face of logic amid Covid-19 pandemic

Some admire the way the airline has reacted to Covid crisis but with the airline announcing plans last week to start direct flights to London in the winter of 2020, the list of naysayers is growing

Air ticket refund, international flights in Unlock 5: Key updates to know

Listen to the Podcast to know about Supreme Court's order on refund of tickets, travel bans, options for Indians who want to fly abroad and more

Lufthansa cancels flights to India after govt proposes more curbs

India formalised an air bubble with Germany in July 2020. An air bubble arrangement allows nationals of both the countries to travel in either direction

IATA reduces global air traffic outlook as coronavirus crisis drags on

Full-year passenger traffic is set to decline 66%, the International Air Transport Association (IATA) said, compared with a previously forecast 63% decline

Silver lining in a darkening sky

Confidence that aircraft can be safely boarded is slowly returning

Six months after Covid-19 lockdown: Airlines, hotels try to journey back

Faced with their worst crisis and without any financial assistance from the government, the viability of the Indian aviation and tourism industry is in peril

Estimated 9,488 pilots required in next five years: Hardeep Singh Puri

The total number of pilots employed in the country with scheduled airlines at present is 9,073

AirAsia India's short history suggests experience helps to run aviation biz

Airline chief Tony Fernandes' "out-of-the-box" choices of CEOs have proved to be disastrous for AirAsia

Caught in Covid air pocket, SpiceJet posts Rs 593-crore pre-tax loss in Q1

Market leader IndiGo had registered a pre-tax loss of Rs 2,849 crore during the same period

India has one of the better air safety indicators in the world, says Puri

Aircraft accidents in India in 2019 were just 0.82 per million flights as compared to the global average of 3.02, he noted.

Govt planning to absorb large portion of Air India's debt to woo buyers

Airline has Rs 23,286-cr debt; GoM likely to take a decision on the proposal in two weeks

World's top 10 airline stocks are all Chinese, except IndiGo: Report

A Bloomberg gauge of the sector shows nine of the world's top 10 airline stocks over the past three months are Chinese, with all but Air China shares posting double-digit gains

Air passenger traffic grows 26% sequentially in August, says Icra

Passenger traffic on year-on-year basis, however, plunged by 77 per cent in August, Icra said

Banks may restructure loans worth more than Rs 10 trn to 5-6 key sectors

Finance Minister Nirmala Sitharaman last week asked banks and NBFCs to roll out one-time loan restructuring scheme for Covid-19 related stress by September 15