Page 50 - Aviation Industry

Covid-19: India told airlines to stop selling tickets, but they wouldn't

Four of the country's top six airlines, which together control 80 per cent of the local market, are selling domestic flight tickets for as soon as the third week of May

Airlines seek 6 month lease rent deferral, rates reduction to cut costs

Aircraft lease rentals account for around 15 per cent of an airline's overall expense and since these are paid in dollars are also subject to currency fluctuation.

Flight curbs to be lifted when coronavirus is under control, says minister

Hardeep Singh Puri also said a directive was issued on Sunday to airlines, restraining them from doing open bookings since they did not heed to government's advice in the matter

Cash support, loans, tax holiday: Ficci seeks bailout package for aviation

It also pitched for deferment of term-loans by up to six months, 180-days credit window by the oil marketing firms and waiving of aircraft insurance premium, among others.

From pharmaceuticals to aviation: The impact of coronavirus crisis

Indian airline operators and airports have been the first and the most adversely affected sector.

Reviewing govt order on refund for tickets booked during lockdown: Vistara

Vistara said it will comply once the government clarifies some of the aspects of the order

Spicejet launches cargo-on-seat flights to carry essentials amid Covid-19

It is the first such service in India. The plane will complete five rounds today

Covid-19: Air Deccan halts operations, staff put on sabbatical without pay

In view of the recent global and domestic issues and directive by Indian regulator to suspend flights till April 14, Air Deccan has no option but to cease operations, a statement said

Airlines, hotels stare at uncertain future amid coronavirus spread: CARE

The aviation industry, which includes airports and their vendors and suppliers, might not fully recover soon from the impact of the coronavirus disease (Covid-19) pandemic.

Singapore Airlines gets $13 bn lifeline from Temasek amid Covid-19 outbreak

Many governments worldwide have already stepped in to help airlines amid the virus-induced travel slump, with the United States offering $58 billion in aid

US Senate offers $58 bn aid to airlines as they struggle to stay afloat

The US Senate passed an industry aid package, half in the form of grants to cover some 750,000 employees' paychecks

Coronavirus: Aviation sector stares at $3.6 bn loss in Q1 on lockdown

The CAPA also sought "urgent" government intervention and coordinated industry response to address all the requirement of the aviation industry

Coronavirus: The new fear of flying could change face of global aviation

People occupying seats within a metre of the infected person on an plane have the highest chance of getting infected but airlines would prefer airports, and not aircraft, to change

Valuation of Air India set to take a knock amid coronavirus outbreak

The aviation industry is expected to make a loss of $67 billion in 2020 and several airlines are expected to file for bankruptcy in the coming months

NPA norms may be eased, tax deferment likely in coronavirus healing touch

These are among the measures that could be discussed in the Covid-19 Economic Response Task Force

Covid-19: Asian airlines face revenue shortfall of over $60 bn this year

AAPA urged all governments to take immediate action to address the societal impact of the world's worst public health crisis in a century

Airlines, travel agents seek relief as they fly into coronavirus turbulence

Globally, airlines have grounded aircraft and slashed flights as governments have suspended visas and restricted travel to stop the spread of Covid-19

Coronavirus pandemic: How Covid-19 led to global market rout, hit economy

Many seminars, movie releases - James Bond movie - No Time To Die, Sooryavanshi, Mulan, Fast 9 - have been postponed. Rock concerts have aken a hit.

Coronavirus may halt tourism, aviation; Visa suspension to cost Rs 85 bn

Assocham Tourism and Hospitality Council Chairman Subhash Goyal said since the outbreak of coronavirus, the aviation and tourism industries in India have been adversely affected.

Airlines seek relief package from govt after coronavirus outbreak hits biz

Airlines sought a limited period concession of the standing rule of slot allocation, which mandates that firms must operate at least 80 per cent of their allocated slots