Page 30 - Aviation Sector

New pricing model aiming to prune jet fuel cost by 15% likely in two months

OMCs to shift to single uniform system instead of the prevailing dual pricing mechanism for domestic and overseas airlines

Before his death, Jhunjhunwala & family became Akasa's biggest shareholders

Three trusts named after his twin sons and daughter now hold 27% stake in firm; combined family holding at 46%

Domestic air traffic drops 7.7% in July on the back of higher fares

Despite adverse reports regarding safety and DGCA curbs, SpiceJet reported the highest seat occupancy (84.7 per cent). AirAsia India had the highest on-time performance (95.5 per cent )

Akasa Air has strong financials to place order for more planes: CEO

The Jhunjhunwala family holds stakes in the airline through three discretionary trusts

Rakesh Jhunjhunwala bet big on Akasa, said its take-off changed the game

In his last public appearance, the ace investor gave India's aviation the lift-off it needed

ATF price fall would benefit airlines under pressure: Jyotiraditya Scindia

Notably, ATF prices have been coming down during the last few weeks after jumping to record levels, primarily due to the Russia-Ukraine war that began on February 24.

SpiceJet launches taxi service for its passengers at 28 airports

Passengers booking SpiceJet flights will receive an SMS with details of the SpiceJet taxi service, the airline said in a statement noted

Govt to remove domestic fare caps imposed on airlines August 31 onwards

But aviation executives don't see a major immediate impact

Civil aviation sector to employ 100,000 more people by 2024: Ministry

During 2019, 2020 and 2021, at least 2,368, 400 and 296 pilots were recruited, the aviation ministry stated

Aviation majors in fray to operate copter taxis in Uttar Pradesh

After expressways, Yogi 2.0 is betting on airports, heliports

India's civil aviation to see phenomenal, healthy growth: Scindia

The country's civil aviation sector is poised for a phenomenal and healthy growth in terms of passengers, aircraft and airports, with the number of air travellers projected to touch 400 mn by 2027

Airline glitches: Aircraft maintenance sector in dire need of maintenance

Pool of engineers increasing every year, though jobs have failed to keep pace

IndiGo Q1 results: Net loss narrows to Rs 1,064 cr; revenue surges 328%

'While our financial performance in the second quarter will be challenged by weak seasonality, the long-term revenue trend remains strong,' says airline's CEO

Air India's load factor improves to 80% under Tata group management

It has risen to 80% in February-June period, compared with 60%; but market share is lower than in January

With fleet expansion on mind, Air India to let pilots fly till they are 65

'To meet our requirement, it is proposed to retain our current trained pilots at Air India post-retirement on a contractual basis for five years extendable to 65 year,' says the airline

Air India CMD asks its operations control centre to cut flight delays

Air India's newly appointed CMD Campbell Wilson has asked the airline's integrated operations control centre (IOCC), which is the "nerve centre" of any carrier, to report directly to him

SpiceJet says all flight ops normal after DGCA slashes fleet to 50%

SpiceJet said on Monday its flight operations remained normal and on schedule, days after the aviation regulator ordered to slash its approved fleet to 50% for eight weeks citing safety snags

Lessor pushes to repossess SpiceJet aircraft as payment negotiations fail

Aircraft lessor DAE has approached aviation regulator DGCA to deregister three SpiceJet 737 planes

Review guidelines on face masks on flights, says Delhi HC to DGCA

The Delhi High Court on Monday said the Directorate General of Civil Aviation (DGCA) should review its guidelines for face masks on flights in compliance with the Centre's instructions

Delhi HC rejects plea to stop SpiceJet flights after seven mishaps

Referring to three incidents in May, two in June, and another two in July, the petition said the lives were at risk due to the SpiceJet's poor management