Page 9 - Aviation Sector

From setbacks to success: Ratan Tata's legacy in aviation industry

With its combined airlines, the Tata Group is now the second-largest player in the Indian market, commanding nearly 30 per cent of the domestic market share

Boeing workers in for 'long haul' after pay talks collapse: Union leader

Reaching an accepted deal is critical for Boeing, ratings agency S&P estimates the strike is costing it $1 billion a month and it is at risk of losing its prized investment grade credit rating

Lufthansa aims to revive 'problem child' airline by 2026: CEO Carsten Spohr

Lufthansa has struggled with competition on its transatlantic and Asian routes, recently cancelling its Frankfurt to Beijing flights as Chinese carriers increased capacity

Air India derosters 3 cabin members for lapses in opening aircraft door

Air India has derostered three cabin crew members for an erroneous approach in opening the door of a Boeing 777 aircraft that led to the auto-deployment of the emergency slides, according to sources. The incident happened with the Boeing 777 plane at the Bangalore airport after it landed from San Francisco on September 15, they said. When contacted, an Air India spokesperson said a technical issue was reported with one of the doors not opening appropriately upon landing and the matter was attended to promptly. "In a serious safety violation, the door of Air India's Boeing 777 aircraft that operated the flight AI 176 from San Francisco to Bangalore on September 15, was opened in armed mode when the aircraft arrived at the Bangalore airport. "As a result of this, the emergency slides automatically got deployed," a sources told PTI. Another source said three cabin crew members have been derostered for the lapse and an internal probe has been ordered. However, Air India did not comme

Indian carriers soar on international routes but foreign rivals lead

On the popular India-Singapore route, Singapore Airlines and its subsidiary Scoot remain dominant despite competition from IndiGo, Air India (A-I), A-I Express, and Vistara

SpiceJet gets good response for Rs 3k cr worth share sale, oversubscribed

SpiceJet, which has statutory dues of more than Rs 601 crore, has received a good response for its Rs 3,000 crore-worth sale of shares to qualified institutional buyers. Operating with a reduced fleet as well as facing financial and legal headwinds, the carrier is looking to raise funds. Sources in the know on Wednesday said the qualified institutional placement has been oversubscribed, with participation from various investors, including family offices and institutional funds. Some of the investors include family offices of Madhu Kela, Akash Bhanshali, Sanjay Dangi, Rohit Kothari, and Bandhan Bank, the sources said. There was no official comment from the airline. "Due to our financial constraints, our company has not been able to fulfil the statutory liabilities accruing on us on a month to month basis," the airline said in the preliminary placement document related to raising Rs 3,000 crore. As per the document, the airline has not made provident fund payments to the tune of ov

Not paid GST, TDS, and PF dues of Rs 427 crore since 2020: SpiceJet

Legal experts told Business Standard that evasion of GST is a serious offence since it is a tax already collected from the customer but not paid

Delhi, Mumbai airports emerge as key international hubs for LCCs

At both Indian airports, IndiGo reigns supreme. In Delhi, it accounts for 31 per cent of the 21,781 international connections, covering over 156 destinations

Boeing, union negotiators to resume talks as striking workers dig in

The top negotiators at Boeing and the International Association of Machinists and Aerospace Workers (IAM) will meet with federal mediators in Seattle on Tuesday for preliminary talks, as per reports

Increase in airfare not linked to rise in airport charges, says ACI

Airport charges are an important element of the commercial aviation ecosystem for infrastructure development and increase in airfares is not linked to a rise in the charges, according to the Airports Council International (ACI). Against the backdrop of the International Air Transportation Association (IATA) flagging concerns over a steep rise in airport charges, ACI also said that the charges will remain a critical source of revenue for airports. "Airport charges are an important element of the commercial aviation ecosystem for infrastructure development. Failing to address the capital expenditure requirements to accommodate the projected growth could have serious socio-economic consequences," Stefano Baronci, Director General, ACI Asia Pacific & Middle East, said. In a statement to PTI, he noted that airports are highly infrastructure-intensive businesses, with their cost structures dominated by significant fixed costs for the operation and upkeep of essential infrastructure such

Boeing considers temporary layoffs to save cash during strike by machinists

The company said moves, which include reduced spending on suppliers, were necessary because our business is in a difficult period

Boeing strike could drag on as workers push for higher wages: Union leader

Boeing and negotiators are due to return to bargaining table next week, in talks overseen by US federal mediators, after more than 94 per cent of workers voted to reject the endorsed contract offer

Boeing workers vote on whether to strike, shut down aircraft production

Boeing waited to learn Thursday whether 33,000 aircraft assembly workers, most of them in the Seattle area, are going on strike and shutting down production of the company's best-selling planes. Members of the International Association of Machinists and Aerospace Workers were voting on whether to approve a contract offer that includes 25% pay raises over four years. If the factory workers reject the contract and two-thirds of them vote to strike, a work stoppage would begin Friday at 12:01 a.m. PDT. A walkout would not cause flight cancellations or directly affect airline passengers, but it would be another blow to Boeing's reputation and finances in a year marked by problems in its airplane, defense and space operations. New CEO Kelly Ortberg made a last-ditch effort to avert a strike, telling machinists Wednesday that no one wins in a walkout. For Boeing, it is no secret that our business is in a difficult period, in part due to our own mistakes in the past, he said. Working ...

Efforts on to make India global aviation hub, build aircraft: KR Naidu

Highlighting the aviation sector's growth potential, Union minister K Rammohan Naidu on Wednesday said efforts are on to make India a global aviation hub as well as to start manufacturing aircraft in the country. With Asia-Pacific region poised to lead global aviation growth, Naidu said strategic investments in infrastructure and collaboration amongst the regional stakeholders is critical to achieving sustainable growth across the sector. Speaking at the second Asia Pacific Ministerial Conference on Civil Aviation in the national capital, Naidu emphasised on three elements -- infrastructure, integration and innovation -- for the sector's growth. "My ministry is working with the vision of establishing a seamless aviation landscape in the country, integrating helicopters and seaplane operations alongside wide-body aircraft under the regional connectivity scheme UDAN," he noted. India is one of the world's fastest growing civil aviation markets and the fleet size of domestic carriers

Delhi airport climbs to 24th in megahub rankings, Mumbai falls to 44th

Globally, the top five megahubs are London Heathrow, Kuala Lumpur International, Tokyo-Haneda, Amsterdam Schiphol, and Seoul's Incheon Airport

GMR Airports buys Fraport's shares, raises stake in Delhi airport to 74%

The deal comes just over a month after heavy rainfall caused the airport's roof to collapse killing one person and shutting down a busy domestic terminal

Aviation minister pitches for sustainable practices, regional connectivity

Civil Aviation Minister K Rammohan Naidu on Monday pitched for sustainable practices in the aviation industry, including the use of sustainable aviation fuel. As part of boosting regional air connectivity, the civil aviation ministry has also identified around 106 airports and airstrips that can be developed for regional flight operations. Naidu said sustainable aviation practices should be promoted that will help in reducing overall carbon emissions and mentioned that some airports are already carbon neutral. Speaking at the conference organised by industry body Ficci, Naidu also said efforts are on to ensure that 1 per cent of SAF (Sustainable Aviation Fuel) is blended with jet fuel for international commercial flights by 2027 and then increase the SAF quantum to 2 per cent by 2028. The global framework for using SAF has been set out by ICAO (International Civil Aviation Organization) under which international flights should use jet fuel blended with at least 1 per cent SAF by ..

Malaysia Airlines plans to bring flights to more non-metro cities in India

Malaysia Airlines plans to fly to more non-metro cities in India as well as increase the frequency of flights to Ahmedabad and Trivandrum, a senior airline official said on Friday. The carrier, part of the Malaysia Aviation Group (MAG), currently connects nine Indian cities with Kuala Lumpur and operates 71 weekly flights to India. Dersenish Aresandiran, Chief Commercial Officer of Airline Business at MAG, said Malaysia Airlines plans to increase frequencies to Ahmedabad and Trivandrum. The airline also plans to operate to more non-metro cities in India where there are no restrictions due to bilateral flying rights, he told PTI on the sidelines of a briefing here. The bilateral flying rights between India and Malaysia, based on the number of seats airlines from either side can operate, is mostly utilised for metro routes in India. So, Malaysia Airlines can have more services to non-metro cities in the country as there are no restrictions of the bilateral flying rights. Currently,

Here's what airlines are doing in response to Cathay's A350 engine failure

Qatar Airways said the issue had no impact on its 24 A350-1000 aircraft and it would continue to monitor any developments

Over 1,000 new jobs for skilled aviation engineers in India: Air India CEO

The Air India's Maintenance, Repair and Overhaul facility being built in Bengaluru is not only expected to generate over 1,200 new job opportunities for skilled aviation engineers in India, but it will also create seven times more indirect jobs for the local population, said Air India CEO and managing director Campbell Wilson on Wednesday. The ground-breaking ceremony for the MRO facility on a 35-acre land parcel at the Bangalore International Airport was held this morning. Gunjan Krishna, Commissioner for Industrial Development & Director, Department of Industries & Commerce, Government of Karnataka, Hari Marar, Managing Director and CEO of Bangalore International Airport Limited (BIAL), Chin Yau Seng, CEO, SIA Engineering Company as well as the senior leadership team of Air India, including Wilson participated. Earlier this year, Air India signed a Memorandum of Understanding with the Karnataka government to establish the MRO facility in Bengaluru. "Studies have found that ..