Page 22 - Aviation Sector

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.

Wadia Group not exiting; some people have shown interest in Go First: CEO

On Tuesday, Go First filed for bankruptcy with the National Company Law Tribunal, blaming Pratt & Whitney engines for the grounding of about half its fleet

Trading strategies for Aviation stocks amid Go First bankruptcy

Indigo shares may hit a new historic peak once it settles over Rs 2,200 level.

IndiGo, SpiceJet rally up to 8% as Go First files for bankruptcy

Shares of InterGlobe Aviation, which runs the country's largest airline IndiGo, hit a 52-week high of Rs 2,235.95, surging 8 per cent on the BSE.

Go First decides to cancel flights for three days starting Wednesday

Cash-strapped airline Go First has decided to cancel all its flights for three days starting from Wednesday, extending the suspension of operations by one more day, according to a communication. The airline, which has filed for voluntary insolvency resolution proceedings, earlier in the day said flights will be suspended for two days -- May 3 and 4. It operates around 180-185 flights daily. Amid uncertainties over its future course, Go First said it would provide a full refund of tickets. "We regret to inform that due to operational reasons, Go First flights scheduled for 3rd, 4th and 5th May 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations," the airline said in a notice on its website. "We acknowledge the flight cancellations might have disrupted your travel plans and we are committed to providing all the assistance we can. We thank you for your patience," it said. Earlier in the day, Go First CEO Kaushik Khona said flights will be .

Go First cut flights even after Centre removed Covid-19 pandemic cap

IndiGo, which was also hit by engine woes, carried out more flights

Last 9 years have been transformative for India's aviation sector, says PM

Prime Minister Narendra Modi on Friday said the last nine years have been transformative for the country's aviation sector as existing airports were modernised, new airports built at a quick pace and a record number of people are flying. Modi made the comments while replying to a tweet by the civil aviation ministry on the completion of six years of the regional air connectivity scheme UDAN. Under the scheme, there are now 473 routes and 74 operational airports, heliports and water aerodromes. The first UDAN flight was operated between Shimla and Delhi on April 27, 2017. "The last 9 years have been transformative for India's aviation sector. Existing airports have been modernised, new airports have been built at quick pace and record number of people are flying. This enhanced connectivity has given a big impetus to commerce and tourism. #UDANat6," Modi said in a tweet. Domestic air traffic has been on an upward trajectory. Domestic airlines carried 375.04 lakh passengers during ...

Nusli Wadia-owned Go First to receive Rs 600 crore more by April end

This is in addition to Rs 3,000 crore already invested by promoters in the past 20 months

Domestic aviation sector recovering, passenger traffic 60% higher in FY23

The domestic aviation industry continues to witness recovery with air passenger traffic logging around 60 per growth at 13.60 crore in FY23 annually, ICRA said on Wednesday. Despite this, domestic air passenger traffic remained around 4 per cent below the pre-pandemic (FY20) volume of 14.15 crore, the credit rating agency said. The Indian carriers had flown a total of 8.52 crore passengers on local routes in the year ended March 2022, as per ICRA. Domestic passenger traffic stood at 1.30 crore in March this year, a growth of around 22 per cent from March 2022 volume of 1.06 crore, said Suprio Banerjee, Vice President, ICRA. In FY23, the overall airlines' capacity deployment was higher by 38 per cent as compared to FY22, he said. The airlines' capacity deployment last month was higher by 14 per cent year-on-year and around 7 per cent more than pre-COVID level of March 2019, ICRA said. The domestic passenger load factor of the airlines industry, according to ICRA is estimated at 89

Airbus first-quarter deliveries drop as supply woes extend into new year

Deliveries totaled 61 aircraft in March, the world's biggest planemaker said Tuesday