DGCA aligns Indian rules with global norms
Indian regulations mandate that carriers must have at least 20 aircraft in their fleet to be eligible for international flights
Earlier this month, cash-strapped SpiceJet announced it is going to raise a total of Rs 2,241.5 crore through issuance of equity and warrants
Airlines free to charge fees for preferential seats during web check-in: Aviation secretary
The airport is expected to fly 12 million passengers in the first year of operations
The likely grounding of 200 aircraft by March next year will have minimal impact on air passenger traffic, according to a report. Air passenger traffic is expected to reach about 375 million passengers, 1.09 times of pre-pandemic levels, in the current fiscal, the report by credit ratings agency CareEdge said. Research and advisory firm CAPA India had late last month said Indian airlines fleet continues to be severely constrained and close to 200 aircraft may go out of operations by the end of FY24 due to supply chain issues and maintenance purposes. "Despite the projection of around 200 aircraft being grounded by March 2024, the impact on traffic is expected to be minimal, at 3-4 per cent," CareEdge Ratings Director Maulesh Desai said. This is attributed to the extension of wet leases and an increase in passenger load, he said. Noting that passenger traffic will reach new heights in the next fiscal, with a healthy Compounded Annual Growth Rate (CAGR) of 14 per cent from FY23 to F
The standard monthly cost an active aircraft incurs is about $1 million and if it's grounded, the cost comes down to $0.5 million, according to CAPA's 'conservative' estimates
Advocate Diwakar Maheshwari, appearing for the RP, told the court that they are in talks with the lessors, one of which is SMBC Aviation Capital, to maintain the aircraft
It has been alleged that Anil Gill, as Director of the Flying and Training Division at the DGCA, misused his authority to obtain three aircraft as bribes from flying schools
Overall domestic demand remained high, with four out of six major carriers reporting load factors of over 90 per cent in September
The expansion comes in response to the rapidly growing fleets of airlines such as IndiGo and Air India
With Indian aviation staring at a potential scramble for pilots, airlines such as Akasa can feel deflated
The fundraising plan could involve fresh equity issuances of $75-100 million each and is set to be carried out over the next 12-18 months
The judge referred to photographs submitted by a lessor that allegedly showed critical parts of the aircraft missing
An official from Air India clarified that narrowbody planes require more cabin crew members to deliver premium service
Air India saw its average daily OTP drop from 91.63 per cent in April to 69.31 per cent in July
IndiGo saw four incidents from January to June when the tail of an aircraft hit the ground during the landing or take-off
The BCAS earlier this month extended the deadline for using full-body scanners at major Indian airports from March 31 to December 31, 2023
Indian airlines are expected to add 132 aircraft in 2023-24 (FY24) to tap into the surging passenger demand, according to CAPA India
The value of IndiGo's order, at the list price of the A320Neo family aircraft, will be around $500 billion