Page 12 - Indian Airlines

Jet Airways sends 10% staff on LWP, cuts salaries of another 23%

CEO Sanjiv Kapoor said on Twitter on Friday that "two-thirds of staff are not impacted at all" by the cost-cutting measures

Aviation ministry modifies rule to make masks optional on domestic flights

In-flight announcements may only mention that all passengers should preferably use masks/face covers; no specific reference to fine/penal action needed

India's aviation safety rank to improve after UN agency audit: DGCA

Says country fared well in ICAO audit of Nov 9-16 covering legislation, licensing, operations, airworthiness, among other areas; India was placed below Pakistan and Nepal an earlier exercise

US transport dept fines Air India $1.4 mn for delaying refunds of $121 mn

Refunds were on account of flights cancelled during Covid-19 pandemic; AI among six airlines that collectively forked out $600 mn in refunds and $7.25 mn in penalties

69% Go First flights delayed on average in past three days; DGCA to probe

Airline forced to raise utilisation of its operational planes; delay as high as 82% on Saturday

Embraer says talks for manufacturing aircraft in India progressing well

Says it's looking at various partnering options for next-gen turboprop aircraft

IndiGo Q2 loss widens by 10% due to rupee depreciation, high fuel prices

The company is confident that it will return to operational profitability in Q3

IndiGo Q2 loss widens to Rs 1,585 cr on higher fuel costs, forex losses

The company's loss widened to Rs 15.85 billion ($192.60 million) in the July-September quarter, from Rs 14.40 billion a year earlier

Deadlock over carrier's revival: Banks not keen on sharing Jet's liability

Deadlock over carrier's revival after NCLAT order

Air India beats IndiGo to become top 'on time' airline in India: Report

In September, 87.1 per cent of flights of Air India were on time as compared to IndiGo's 84.1 per cent

SAIL inks pact with AAI for initiation of commercial flights from Rourkela

State-owned SAIL on Friday said that it has entered into a pact with Airport Authority of India (AAI) for facilitating the start of commercial flights from Rourkela in Odisha. Steel Authority of India Ltd (SAIL) has signed the operation and management contract with AAI through its unit Rourkela Steel Plant. The public sector enterprise had in 2018 signed a Memorandum of Understanding (MOU) for use of its own airport, under the regional connectivity scheme UDAN, for operation of commercial flights. The civil aviation ministry has rendered financial support for the upgradation of this airport. The Odisha government will deliver security, fire and ambulance services besides assisting with other local clearances. AAI, on behalf of SAIL - Rourkela Steel Plant, will operate and manage the airport. Regional Connectivity Scheme (RCS) -UDAN, a flagship project of the central government launched by the civil aviation ministry, envisages enhancing the regional air connectivity by providin

Are airline stocks set to fly high?

Indian airlines doubled their fares on metro routes, even as they incurred lower fuel costs. This may boost their earnings in H2 FY23. But, are these stocks still worth your money amid competition?

Go First takes two ECLGS loans totaling Rs 203.5 crore amid cash crunch

Go First's loss more than doubled to Rs 1,807.91 crore in FY22 due to US-based Pratt and Whitney's delay in supplying engines and multiple waves of Covid-19 that affected air travel

Aircraft bird strike incidents rise by 49.3% in January-July period

DGCA official says all airport operators advised to conduct awareness campaigns in schools and localities around airports regarding proper garbage disposal

What is Star Alliance?

There is an alliance of airlines which has been trying to cut the hassle in air travel. Formed in 1997, Star Alliance has been providing seamless connectivity to fliers. Find out more on it

What is wet and dry lease of aircrafts?

Through the Gift City special zone in Ahmedabad, India is trying to become a global hub for aircraft leasing. But why do most airlines prefer leasing aircraft rather than buying them? Let's find out

DGCA asks SpiceJet to get engine oil samples of entire Q400 fleet examined

Following a recent incident of smoke in a SpiceJet plane cabin, the aviation regulator DGCA has directed the airline to send the engine oil samples of the entire Q400 fleet consisting of 14 operational aircraft to Pratt & Whitney Canada to ascertain the presence of metal and carbon seat particles.

Policy must to ensure airlines maintain 4-6 months of cash reserves: CAPA

Indian airlines industry will continue to be sick unless there are policies in place to ensure that the operators have at least 4-6 months of cash kept in reserves for continuity of operations, according to global consultancy and aviation firm CAPA. CAPA said it estimates the domestic airline industry could post losses to the tune of USD 1.4-1.7 billion or more losses this fiscal. The two listed airlines, IndiGo and SpiceJet, have already reported losses of Rs 1,064.30 crore and Rs 789 crore, respectively, in the April-June quarter of the current fiscal. Financial fitness is a fundamental criterion of operating (globally)India is the only country where technically insolvent companies can expand, can continue to operate, Kapil Kaul, CEO for South Asia at CAPA, said at an industry event in Mumbai recently. He said going by the global practice, the airlines have to ensure that they have at least 4-6 months of cash reserves when no revenue is coming in while their air operator permits

Federation of Indian Airlines withdraws petitions against AirAsia, Vistara

The Delhi High Court on Friday allowed the withdrawal of the two petitions ending eight year old litigation between FIA and Tata-group owned airlines

Moscow-Delhi flight arrives safely after bomb threat; search underway

Situation at Indira Gandhi International Airport became chaotic after the Delhi Police received a PCR call about a bomb in a flight that was coming from Moscow