Page 22 - Civil Aviation Sector

Airlines may sustain losses on limited operations, demand worries

Despite the limited number of flights and price restrictions, analysts believe that the fares are yield accretive for airlines

Domestic flights resume Monday, passengers to get coronavirus guidelines

Coronavirus has had a significant impact on international aviation due to the stringent border controls and travel bans to contain the virus infection.

Centre reverses stance, allows domestic flights to resume on May 25

Aviation minister's tweet caught airlines and airports off guard as they were preparing for a resumption from June 1

Domestic aviation industry to incur over Rs 24,000 cr loss in FY21: Report

This would reverse the growth trend of around 11 per cent per annum, which the industry has logged over the past ten years, making it one of the most adversely-affected sectors of the economy

London-Delhi flight ticket to cost Rs 50,000: Govt on evacuating Indians

On arrival from abroad, all passengers will be screened and put under quarantine for a period of 14 days as a COVID-19 precautionary measure, Aviation Minister Hardeep Singh Puri said

No sign of bailout from govt yet, GoAir promoters tell employees

The low-cost airline has sent 90% of its employees on leave without pay till 4 May

Indian air traffic down 33% in March, with zero passengers in last six days

Flights were grounded for seven days in March but weak sentiments worsen fall

Top headlines: UBS pegs FY21 growth at -0.4%, US death toll crosses 1 mn

Business Standard brings to you a snapshot of events which made it to the headlines today

Business travel may resume within 6 months of lockdown lifting: Survey

A third of the respondents say they will not move employees to lower-tier hotels to save expenses, the rest say they might

Indian airlines may suffer $11.2 bn revenue loss, 2.9 mn jobs at risk: IATA

IATA called for a combination of direct financial support, loans, loan guarantees and support for the corporate bond market, and tax relief

IndiGo seeks deferment of aircraft lease rental payments by 6 mnths: Report

Airlines are grappling with acute financial woes as commercial services remain suspended in the wake of the nationwide lockdown to curb spreading of coronavirus

Flight curbs to be lifted when coronavirus is under control, says minister

Hardeep Singh Puri also said a directive was issued on Sunday to airlines, restraining them from doing open bookings since they did not heed to government's advice in the matter

Covid-19 impact: GoAir employees to go on leave without pay until May 3

Most of the airlines had chalked out their plans to resume services from April 15 in expectation that the lockdown will be lifted

Covid-19: Full refund if you booked air tickets from March 25 to April 14

Many have been complaining on social media as airlines have decided not to give refunds in cash for cancelled flights and are instead issuing credit for future travel.

Flight curbs will be lifted once Covid-19 is under control, says Puri

India has imposed a 21-day lockdown from March 25 to curb the coronavirus pandemic

Domestic air traffic to fall from 140 mn to 90 mn due to covid-19: CAPA

Domestic air traffic is expected to drop to 80-90 million passengers in the current fiscal and delivery of more than 200 planes to Indian carriers are likely to be deferred by up to two years, according to a report. "The combination of COVID-related travel restrictions and an economic downturn is likelyto result in 1Q FY2021 being a virtual washout for the Indian industry. "The second quarteris historically the weakest period for demand and hence airlines are only likely to limp back into recovery," aviation consultancy CAPA India said on Monday. As a result, CAPA said the majority of the fleet is likely to be surplus to requirement during the first half of the current financial year. In its report titled 'COVID-19 & the State of Indian Aviation Industry,' the aviation consultancy forecast domestic traffic to decline to around 80-90 million this fiscal from an estimated 140 million in FY2020. International traffic is expected to fall from approximately 70 million in the previous .

Air Deccan ceases operations, employees put on sabbatical without pay

Air Deccan served four destinations within Gujarat

Revival, not survival

Going ahead, the government's policy actions for the aviation sector needs to be less myopic

Airbus says India will require 1,880 new passenger, cargo aircraft by 2038

The 20-year traffic growth in the Indian aviation sector is pegged at 7.7%, almost twice the world average of 4.3%

GMR airports achieves 'concession commencement date' to build in Greece

The Concession Period for the project is 35 years including Phase 1 Construction of five years