Page 22 - Aviation Sector

For Air India, goodbye to state control doesn't mean Tata to troubles

It has been more than a year of its acquisition from the Centre and Air India not only took major steps in terms of turnaround and transformation, but also ran into major controversies

India's airline sector on to a smooth flight despite air pocketsr

Taking off with much fanfare and crash landing has been the regular feature one sees in the Indian aviation sector ever since it was opened up

India govt wants Go First flights to resume as soon as possible: Minister

Govt wants Go Airlines (India) Ltd flights to resume as soon as possible, the civil aviation minister said on Thursday, a week after the troubled low-cost carrier was granted bankruptcy protection

Go First tells pilots to resume work from May 27, training from tomorrow

It is mandatory to do a refresher training as the pilots haven't been flying since 3 May, according to media reports

Lesson for Go First from Jet Airways' insolvency: Restart quickly

Jet Airways was much bigger when it shut down in 2019. It operated a fleet of 100-plus aircraft out of over 40 domestic and 24 international locations

Allow Go First pilots to exit without impediment: Pilot body to Scindia

The pilot's body has written to the minister seeking his intervention to help Go First pilots facing hurdles in leaving the airline

Statsguru: Six charts explain trouble in India's aviation sector is not new

But the bankruptcy came at a time when things were finally starting to look up for the industry

Risky jurisdiction: Aircraft lessors raise alarm over Go First crisis

India is a critical market for lessors, in which sale-and-leaseback deals accounted for 75% of plane deliveries from 2018 to 2022, compared with a global average of 35%

NCLAT to hear SMBC Aviation's plea against NCLT order on Go First today

Soon after the NCLT allowed Go First's plea on Wednesday, SMBC Aviation Capital's counsel moved the NCLAT

Go First likely to resume flights on May 24 with fewer aircraft: Report

Go First has also reportedly discussed the plans to resume flights with the Centre

Boeing wins landmark order from Ryanair for 300 737 Max 10 jets

Boeing shares jumped as much as 3.7% in New York, while Ryanair, Europe's largest discount carrier, advanced 2.1% in Dublin

Govt bailout of Go First unlikely unless engine issue resolved: Dy Minister

Deputy Aviation Minister VK Singh said the government has offered help to US-based Pratt & Whitney

Biden admin to propose new rules for airline cancellations, delays in US

The Biden administration is working on new regulations that would require airlines to compensate passengers and cover their meals and hotel rooms if they are stranded for reasons within the airline's control. The White House said President Joe Biden and Transportation Secretary Pete Buttigieg would announce the start of the rulemaking process Monday. The rulemaking pledge continues a push by the Democratic administration to require airlines to improve customer service, and it comes just weeks before the start of the peak summer travel season. The aim of the rules would be, for the first time, to require airlines to pay compensation beyond a ticket refund and to cover expenses that consumers incur, including rebooking on another flight, if the airline causes a cancellation or significant delay. When an airline causes a flight cancellation or delay, passengers should not foot the bill, Buttigieg said in a statement. Airline-caused cancellations include flights scrubbed for mechanica

Air India exploring collaboration with Apple in flight tech push

Carrier becoming one of largest iPad customers in India, says CEO

Air India gets over 700 applications for pilots for its recruitment drive

On April 27, the carrier issued an advertisement for more than 1,000 pilots

NCLT reserves order on Go First's plea for insolvency proceedings

The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go First's plea seeking voluntary insolvency resolution proceedings. A two-member bench headed by President Justice Ramalingam Sudhakar concluded the day-long hearing during which the Wadia group-controlled airline sought initiation of insolvency resolution proceedings and an interim moratorium on its financial obligations. However, aircraft lessors opposed the airline's request saying that insolvency proceedings cannot be initiated without hearing them. Senior Advocate Neeraj Kishan Kaul, representing Go First, said the objective of the Insolvency and Bankruptcy Code (IBC) is to ensure that a company is a going concern and not ground it. Cash-strapped Go First has cancelled flights till May 9.

Airbus reports a drop in first-quarter profit, sales on slow deliveries

The world's largest planemaker has struggled to meet soaring demand for aircraft as travel rebounds from the Covid-19 pandemic

Go First insolvency: Spot airfares rise on the airline's top routes

Go First's third busiest route was Delhi-Leh route where the airline was scheduled to operate 66 flights per week this month

Lessors taking steps to secure aircraft they leased to Go First

On Tuesday, the airline filed an application under Section 10 of the Insolvency and Bankruptcy Code (IBC) in the National Company Law Tribunal (NCLT)

Go First saga: The engine dispute at the heart of bankruptcy filing

(Reuters) - Cash-strapped Indian airline Go Airlines (India) Ltd, recently rebranded as Go First and previously as Go Air, filed for bankruptcy on Tuesday, blaming "faulty" Pratt & Whitney engines for the grounding of about half its fleet.