Page 46 - Aviation Industry

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

Air India to operate direct Kolkata-London flights from September 16

The flights between NSC Bose International Airport here and Heathrow in London will operate twice a week from September 16 to October 24

GoAir to add over 100 new flights in domestic network from Sept 5

The airline also said it expects the capacity to reach 45% of the pre-Covid-19 level by September 21 and by October 15 to 60% of what it was operating prior to the emergence of the pandemic

SC directive is a big relief for stressed firms with cash flow issues

Cash flows of airlines, hotels, SSIs yet to recover

Government allows airlines to increase capacity upto 60% of total capacity

Indian airlines resumed their domestic operations from 25 May after being grounded for two months due to the lockdown to contain Covid-19 pandemic

Hospitality, aviation, tourism firms likely to seek loan recast: Bankers

Micro, small and medium enterprises (MSME) are already covered under the ongoing restructuring scheme which was tweaked earlier this month to cover those impacted by Covid-19 crisis

UN's ICAO to conduct another audit of India's air safety readiness

Global aviation watchdog's audit comes in the aftermath of Air India Express crash in Calicut which claimed 20 lives

Covid-19-hit aviation industry requires $5 bn to stay afloat: CAPA

"Covid-19 will inflict an unprecedented financial impact on the industry. Airlines are the most vulnerable, with some carriers at breaking point," CAPA said

Boeing's sub-vendor Rossell India wins coveted Supplier of the Year award

Every year Boeing evaluates the performance of its 12,000 sub-vendors spread across the globe and awards its best 10 suppliers the coveted recognition

Domestic aviation sees jump amid Covid, over 91,000 flew on Aug 17: Govt

The footfalls at the airports stand at 1,82,067 while the total number of passengers soared to 91,959, the MoCA said

Air India pilots challenge service termination; HC seeks airline's stand

Justice Jyoti Singh issued notice to Air India and sought its stand on the fresh batch of petitions by four pilots who have challenged the airline's August 13 order terminating their services

Vistara enters long-haul flights, to operate Delhi-London route for a month

Airline to deploy its brand-new Boeing 787-9 Dreamliner aircraft, one-way economy fares start at Rs 29,912

Airlines, airports to push for Covid-19 testing as quarantines hit traffic

Airlines are forecasting a 55% decline in 2020 air traffic, according to IATA, which reported 85% of surveyed travelers expressed concerns about quarantine

IndiGo seeks shareholder nod for payment of salary to CEO Ronojoy Dutta

Approval from shareholders has been sought by way of a special resolution which will be put to vote at the company's annual general meeting on September 4

GoAir brings back Kaushik Khona as CEO, airline's third change in 2 years

Khona was at the helm of GoAir from April 2009 to June 2011

Delhi, Mumbai airports to partner firms for on-arrival Covid-19 testing

Also talking to airlines to see if test costs can be included in ticket price

Domestic air traffic rises 6% in July as aviation sector tries to take off

Airlines flew 2.1 mn passengers in July, against 1.9 mn in June

Signs of gradual recovery visible across different sectors in July

Retail sales of passenger vehicles and two-wheelers have touched almost 85% and 60% of pre-Covid levels, from a situation of zero sales in April