Page 38 - Aviation Sector

IndiGo Q4: Loss widens to Rs 1,147 cr as higher fuel costs, virus hit biz

The country's largest airline's revenue from operations fell 25 per cent to Rs 6,223 crore as compared to Rs 8,299 crore in the corresponding quarter of the last year

Indian airlines may post $4.1 billion consolidated loss this fiscal: CAPA

Airlines are estimated to need closer to $5 billion of recapitalisation in 2021-22 just to survive, including requirements generated through the course of 2020-21, it said.

Airlines cut wages, re-negotiate contracts to tide over Covid-19 crisis

Go First cuts pay by 16%, while IndiGo and SpiceJet enforce leave without pay and pay-by-the-hour, respectively

AirAsia India extends free cancellation, rescheduling in states on lockdown

The free cancellation and rescheduling facility for the flights to and from Telangana has been extended to June

ECLGS in aviation: Industry player says decision to ease liquidity pressure

Govt announced extending the Emergency Credit Line Guarantee Scheme to the civil aviation sector, a move that is expected to provide a liquidity solace for the pandemic-hit segment

Domestic flights to cost more as govt raises minimum airfares by 13%-16%

Flights with duration between 40 minutes to one hour will have fares at a lower limit of Rs 3,300. The fares for such flights were earlier capped by the ministry at Rs 2,900

Go First gets loan, lease rental payments breather amid Covid-19

Wadia group backing helps airline negotiate with BNP Paribas, aircraft lessors

SpiceJet plane with 31 boxers lands in Dubai after declaring fuel emergency

The plane was carrying ace pugilist Mary Kom and 30 other members of an Indian boxing contingent from Delhi

Go Air explores legal action against Go Holdings over brand rights

Dispute mentioned in airline's DRHP under 'risk factors'

Croatia: SpiceJet crew spend 21 hrs inside aircraft over RT-PCR rule change

The flight crew of SpiceJet's Delhi-Zagreb flight had to spend around 21 hours inside the aircraft at the Zagreb airport as there was a sudden change in rules making negative RTPCR test results mandatory for anyone coming from India, the airline said on Saturday. The crew were not allowed to come out of the plane and they conducted the return flight to Delhi -- after the 21-hour rest period -- without passengers or cargo. "Prior to departure from India, email confirmation was received from Croatian authorities that RTPCR is not required for crew," the airline's spokesperson said. On arrival in Zagreb on Tuesday, the crew, including four pilots, as well as cabin crew members, was told that the orders have changed. "Due to sudden and massive increase in COVID cases in India, they were then instructed that RTPCR test is required. This came as a surprise," the airline's spokesperson said. India recorded 3,26,098 coronavirus cases and 3,890 deaths on Saturday. Since the crew could not

Jet Airways' annual general meeting on June 8: regulatory filing

The firm suspended operations more than two years ago

Investors can expect upside in long term from Rs 3,600-cr GoAir IPO

Fresh funds will reduce pressure on balance sheet but a lot will depend on the company's ability to return to growth

GoAir banks on low-cost structure, promoter backing for successful IPO

The company has filed DRHP to raise Rs 3,600 crore

High Covid-19 testing costs can stall global aviation recovery: IATA

The International Air Transport Association (IATA) has called on governments to ensure that high costs for Covid-19 testing do not put travel out of reach for individuals and families

British Airways owner IAG boosts liquidity with $1 bn convertible bond

IAG said it would raise 825 million euros ($1 billion) from a convertible bond, the group's latest move to strengthen its balance sheet as travel remains at very low levels during the pandemic.

Vistara to start Delhi-Tokyo flights from Jun 16 under air bubble agreement

Vistara said on Monday it will start flights on the Delhi-Tokyo route from June 16 under the air bubble arrangement formed between India and Japan.

Do away with Covid-19 negative report rule, airlines urge state govts

A second wave of Covid-19 has severely hit Indian airlines

Covid impact: Indian carriers risk consolidation, plane repossessions

Passenger traffic fell nearly 30 per cent in April from a month before and has halved again so far in May

Statsguru: Coronavirus pandemic and the barriers in the skies

While some areas recorded recovery till the second wave hit, aviation continued to show considerable stress even when the Covid-19 spread had subsided

Cockpit and cabin crew suffer as fresh Covid wave hits air travel

Aviation jobs were scarce even before the Covid-19 pandemic arrived on Indian shores in early 2020. The situation has been exacerbated since