Shares of India's largest airline IndiGo rose by more than 8% on Wednesday, a day after cash-strapped airline Go First filed for bankruptcy, blaming "faulty" Pratt & Whitney engines
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Lenders were not aware of the airline's plans to file for voluntary insolvency and will meet soon to take stock of the situation, the report said
International air passenger traffic down 1% ahead of May tourist season
India has been the top domestic market measured by PLF for the last four months
Among them are a two per cent annual fuel efficiency improvement through 2050, carbon neutral growth and net zero by 2050. The ICAO has clubbed them under CORSIA and LTAG
As many as 16,000 aircraft - about two-thirds of the world's commercial fleet - was grounded at the height of the pandemic
Goa-based carrier is promoted by former executives of Fairfax and Kingfisher
Airline says no notice served, so management has taken a serious view; pilots want salaries pruned during Covid to be restored to pre-pandemic levels
Civil Aviation Minister Jyotiraditya Scindia on Friday discussed capacity enhancement, security equipment and customs issues with airport operators, amid rising domestic air traffic. India is one of the fastest-growing aviation markets and air traffic is on the rise while airlines are also introducing flights on various domestic and international routes. In a tweet on Friday, Scindia said he met the Advisory Group on Airport Operators to deliberate on a range of issues, such as capacity enhancement, security equipment, and customs issues. "Given the positive trend of a surge in domestic traffic, we are working to ensure that the industry is ready to cater to this growth," he said. Currently, there are around 148 operational airports. During the summer schedule from March 26 till October 28, Indian airlines will be operating a total of 22,907 weekly domestic flights. As many as 11 airlines will be operating scheduled domestic services during this period. In February, domestic air
The push to modernise underscores the decay left by years of under-investment as Air India looks to shed decades-old bureaucratic processes and recapture customers
Delhi rains: Due to the poor weather conditions, 22 flights were diverted from Delhi airport late Thursday night to different airports in Lucknow, Jaipur, Dehradun and Chandigarh
Civil Aviation Secretary Rajiv Bansal called India's inability to manufacture commercial aircraft a "huge pain point"
The Union Minister said technology has jumped forward and has become an important protagonist in the future of mankind
He said the ministry would soon commission a study in the e-VTOL space to understand it better
On the connectivity front, the minister said that this is the 3rd connectivity between Amritsar and England and there are six international flights which are operational from Amritsar
The Middle East and Asia-Pacific (MEAP) regions have transformed into a major international hub and are expected to account for 58 per cent of the global air passenger demand by 2040, organisers of an Airport Show here cited recent surveys as showing. According to a statement released on Monday, the airport industry's growth story is set to continue as new airports are coming up and existing facilities are getting expanded and upgraded to meet future passenger demands. With over 110 airports, this is already among the fastest growing in the world, accounting for 170 million of the global traffic, it said. The 22nd edition of the Airport Show in Dubai from May 9 to 11 will connect over 200-plus aviation brands and 100-plus buyers from over 30 airports and aviation authorities from 20 countries. Also taking place on the sidelines of the Airport Show is the Global Airport Leaders Forum (GALF). CAPA -- Centre for Aviation -- figures reveal 425 major construction projects at existing ..
"Our business case is based on the premise of growth. It is in our interest and everyone else to see growth in domestic and international traffic," he said
At the CAPA India Aviation Summit 2023, Clark stated that the Indian market will grow, and there will be pressure on airlines that operate international flights from India
Such a unilateral increase in traffic rights will be unique to Turkiye and may also receive a nod from the Indian government