Page 48 - Aviation Industry

Airlines staring at Rs 1.1-trillion loss over 3 years: CRISIL Research

Airlines are unlikely to recoup this loss as growth is not expected to return to pre-pandemic levels of double-digit increase at least in the medium term, CRISIL Research said.

For AirAsia's Tony Fernandes, business in India makes little sense now

With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013

Maintain paycut parity across all employees: Air India pilots to management

For the senior management, the pay cut is between 1.5% to 2%, while it is 30% for the pilots

SpiceJet offers coronavirus hospitalisation insurance to passengers

"Passengers can opt for the insurance cover ranging between Rs 50,000 and Rs 3,00,000 at a premium for as low as Rs 443 to Rs 1,564 a year (including GST)," the airline said.

Rolls-Royce burns through 3 billion pounds, expects more cash outflows

The British company, which makes engines for the Boeing 787 and Airbus 350, said flying hours fell 75% in April, May and June, and it had only seen a marginal improvement since

United Airlines sending layoff notices to nearly half of its US employees

In the clearest signal yet of how deeply the virus outbreak is hurting the airline industry, United Airlines will send layoff warnings to 36,000 employees, nearly half its US staff

Tata Sons in talks to acquire AirAsia India stake at a steep discount

The Tata group is likely to tie up with other financial investors to acquire its Malaysian partner's 49 per cent stake in AirAsia India, said banking sources.

AirAsia Group weighs raising about $234 million through rights issue

The budget carrier is working with an adviser on the planned capital raising, said the person, who asked not to be named as the information is private.

Some flights from India likely 'soon' for Indians with valid permits: UAE

India suspended all scheduled international passenger flights on March 23 due to the coronavirus pandemic.

EU reopens borders to 14 nations; India, US, Russia, Brazil excluded

The EU said China is subject to confirmation of reciprocity, meaning it must lift all restrictions on European citizens entering China before it will allow Chinese citizens back in.

IndiGo to experiment with new revenue model to tide over Covid-19 crisis

InterGlobe Aviation, the parent firm of IndiGo, on Tuesday reported a net loss of Rs 871 crore in the March quarter and would not be doling out any dividend

We're confident of operating at 50% capacity: IndiGo CEO Ronojoy Dutta

With 262 planes, IndiGo operated over 1,500 daily flights prior to March 24 but is now operating around 350 scheduled flights a day, which is putting a pressure on its finances

IndiGo starts flexible payment scheme: Pay 10% fare now and get ticket

Passengers can defer the 90 per cent remaining payment "for a period of up to 15 days either from the date of bookings or before the date of departure" under this scheme, IndiGo said.

Covid-19: Singapore Airlines may grab Emirates, Etihad traffic in India

The advantage for Singapore Airlines will come from the fact that India doesn't allow foreign airlines to directly fly passengers to a third country.

Covid-19 crisis: Pilots, crew are opting for leave without pay for now

Sources at both IndiGo and Vistara say that some senior pilots and crew who have elderly parents at home had said that they would like to stay off the roster for now.

Covid-19 impact: Lufthansa says 22,000 jobs could go in costs purge

The carrier may also face a fare war with European discounters led by Ryanair Holdings and years of sluggish demand on usually money-spinning long-haul routes.

IndiGo repatriated 666 Indians from West Asia on four chartered flights

Scheduled international passenger flights continue to remain suspended in the country since March 23 due to the Covid-19 outbreak.

Letter to BS: Post lockdown, high costs can force out many air travellers

The aviation sector will face a strong headwind as fliers will avoid all non-essential travel.

Air passenger traffic in India may fall 45-50% in FY21 over Covid-19: ICRA

It also said the aviation infrastructure industry is amongst the most severely impacted by the Covid-19 crisis and the setback is expected to be substantial in the near term

IndiGo posts Rs 1,290 crore pre-tax loss in Q4 amid Covid-19 lockdown

Although unsure of revival in demand, Chief Financial Officer Aditya Pande said there was a slight uptick in forward bookings after the lockdown was relaxed.