Page 43 - Aviation Sector

UN's ICAO to conduct another audit of India's air safety readiness

Global aviation watchdog's audit comes in the aftermath of Air India Express crash in Calicut which claimed 20 lives

Covid-19-hit aviation industry requires $5 bn to stay afloat: CAPA

"Covid-19 will inflict an unprecedented financial impact on the industry. Airlines are the most vulnerable, with some carriers at breaking point," CAPA said

GoAir and SpiceJet: Two flight paths to survival as aviation crisis deepens

The strategies of the second and third-largest private airlines - GoAir and SpiceJet - offer a study in contrast

Govt hikes aviation security fees for passengers to Rs 160 effective Sept 1

Hike necessary to compensate in security fees as passenger number dwindles

In another round of exodus, half-a-dozen executives quit GoAir: Report

Besides announcing paycuts for most of its employees in March, GoAir had also announced the LWP scheme for 60-70 per cent of the staff in April

Indigo, SpiceJet are on a breakout and ready to fly higher, charts suggest

A surprising spurt on Indigo share, the Spicejet crossing the resistance indicate breakout in progress.

IEA cuts 2020 oil demand forecast by 140,000 bpd over aviation sector woes

The Paris-based IEA slashed its 2020 outlook by 140,000 bpd to 91.9 million bpd, its first downgrade in several months

Licence scandal: Pakistan aviation regulator issues notices to 193 pilots

The scandal over pilot licences in Pakistan emerged from an investigation into the crash of a Pakistan International Airlines plane on May 22 in Karachi that killed 97 people

Chopper regulations restrictive, govt looking to ease norms: Aviation secy

In order to boost helicopter operations in India, the first sector that the Civil Aviation Ministry is focusing on is creating a network of heliports, the secretary said

Indian airlines await govt bailout as other countries open their purses

Industry experts say after almost zero traffic in April, airline traffic has marginally improved to 30 per cent in July but not enough to pay for costs

Number of flights up, yet less than a third compared to July 2019: Icra

Rating says airlines operated at much lower capacity of about 27% this July compared to July 2019 level, but there was a marginal rise over the 25% capacity achieved in June 2020

Moody's downgrades Rolls-Royce's credit rating to junk; outlook negative

Shares in Rolls-Royce, which have already lost almost two-thirds of their value during the pandemic, dropped 5.7% to trade at 253 pence at 0827 GMT, after Moody's statement

Aviation sector faces Covid-19 turbulence: What analysts expect from Q1 nos

With domestic air travel resuming only from May 25th, analysts expect Q1 performance to be adversely impacted due to truncated size of operations & travel restrictions by state governments

US plans to adopt global emission norms for planes to curb climate change

Environmental groups, which had threatened to sue EPA over delays in setting greenhouse gas limits for aviation, said the agency's proposal does not go far enough

Covid-19 impact: Aviation, automobile sectors see worst tax outgo in Q1

Maruti Suzuki, Bajaj Auto, and Hero MotoCorp's tax collections were down 60-85 per cent.

Financial situation very challenging, LWP for staffers win-win: Air India

The national carrier in a press statement said the scheme primarily enables employees to proceed on LWP "on voluntary basis"

Travel curb by states to contain Covid-19 hurting demand: IndiGo CEO

"We are flying only 30 per cent of our January capacity. We would like to go higher but there are various restrictions from the states. All that is really hurting demand," Dutta said

Groupe ADP, GMR restructure airport deal due to coronavirus pandemic

The French airport operator will now pay Rs 9,720 crore instead of Rs 10,780 crore which it had agreed to pay earlier

Lufthansa airlines to slash leadership, cut 1,000 administrative jobs

Lufthansa Group, which employs about 138,000 people, said it would also halve its investment in new aircraft, although it said that meant it could still add up to 80 new planes by 2023.

Covid-19 crisis: $30-billion deal renewal headache for IT companies

Outsourcing deals are either going to be renewed at a lower price or they will be delayed, say experts.