Page 51 - Aviation Industry

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

Civil aviation ministry may accept IATA demand for suspension of slot rules

IATA, which represents over 250 airlines, has requested global regulators for suspension of the rules in view of the coronavirus outbreak

Coronavirus scare may erase $29 bn from global airlines' revenue, says IATA

The contraction comes at a time when Asian airlines' sales had been growing, the group said

After challenging 2019, will 2020 be jet, set and go for Indian aviation

From good times, India's airlines flew into hard times last year, with cut-throat competition ensuring cheap tickets but also pushing some companies in the red. Here is what 2020 might hold for them

Air India sale: Sweeteners galore for the bidders in govt's new EoI

Prospective buyers can now sell off the airline after a year, require reduced net worth to be eligible and don't need to have shown profits in the past to be eligible for bidding

What may lie ahead in 2020

Nobody can anticipate, let alone predict, what Mr Modi will do in 2020.

Higher incremental capacity, load factors to boost SpiceJet's market share

SpiceJet reported 93 per cent load factor for November, led by a 45 per cent jump in passenger traffic

Moderate slowdown in global passenger demand growth in October: IATA

October international passenger demand rose 3.2 per cent compared to October 2018

Aviation minister's Air India remark may scare passengers: Employees' union

The employees' union called hardeep Singh Puri's comment on Air India to be shut down if not privatised 'highly damaging' which will have 'massive financial implications'.

How aviation industry is planning to counter 'flight shaming', Greta effect

Flight shaming has dented demand in Europe, particularly in northern parts but also in the United Kingdom, France, and Germany.

Lost Jet capacity back in air: With 5 new aircraft, carriers' fleet at 618

When Jet Airways was operating to its full schedule, the total fleet size of Indian airlines had peaked at 614 in January

Cathay Pacific Airways CEO quits in blowback over Hong Kong mass protests

Augustus Tang has been named as the new chief

New aviation charter lacks teeth, won't address customer grievances fully

It neither mentions timelines for refund or compensation, nor talks about penal provisions for airlines

Over the clouds: Indian aviation industry witnesses marginal fare hike

More than 50% of the incremental capacity has been added by IndiGo

India to add 1,000 aircraft over next 7-8 years: Government official

Civil Aviation secretary RN Choubey also said that the domestic aviation has been growing at 20 per cent every year, for the last four years

Capacity addition takes the wind out of ATF price cut benefit for airlines

Airline executives say low-priced tickets will continue due to massive rise in number of seats

Airline industry needs Rs 350 bn capital for 3-4 yrs to reduce debt: Icra

The aviation industry's financial health has nosedived, with the three listed airlines having reported a combined net loss of Rs 36.4 billion in the first half of the fiscal

Domestic airlines have 298 foreign pilots, asked to reduce the number: Govt

The minister said all domestic airlines have been advised to develop their in-house strength to reduce the dependency on foreign pilots

No foreign flights at Tirupati, Vijaywada airports after international tag

Tirupati airport got international status in 2015 and Vijayawada in 2017 but overseas flight services haven't yet taken off from both locations