Page 8 - Indian Airlines

Go First CEO Kaushik Khona resigns amid airline's uncertain future

Grounded Go First's CEO Kaushik Khona has put in his papers, nearly seven months after the no-frills airline filed for insolvency proceedings. In an e mail to the airline's employees on Thursday, Khona said that November 30 is his last day at the company. Khona had returned to Go First in August 2020 as its CEO. "With a heavy heart, I have to inform that today is my last day with the company. I got an opportunity to work for Go FIRST once again in August 2020 and with your able and active support I tried to perform to my best abilities," Khona said in the e mail. Earlier, he was with the carrier from 2008 to 2011. "... the Board of Directors decided to file for Section 10 application under the IBC and we still continued to provide the best support to the company We were hopeful that we will resume the operations soon and at least from June 2023 but it got delayed" he said in the e mail accessed by PTI. Section 10 pertains to voluntary insolvency proceedings under the Insolvency a

NCLT has power to decide IBC disputes, not HC: Go First RP to Delhi HC

Kaul also questioned which resolution applicant would be interested in the Corporate Debtor if it's not revived?

Go First lenders to vote on liquidation amid lack of suitors: Report

The proposal whether or not to liquidate the airline has been floated and with individual lenders will take the proposal to their boards and submit final votes in 10-15 days, the report said

Akasa Air waives off handling charges on carriage of musical instruments

Effective since October 10, 2023, passengers will no longer incur handling fees for carrying musical equipment such as guitars, keyboards, violins, or other musical instruments

Domestic air traffic to rise 11% in Oct as leisure, biz travel increases

The rise in both leisure and business travel, coupled with a decline in crude oil prices and capacity deployment, is expected to add to the growth in passenger traffic.

Diwali Bonanza: Airfares see up to 9% decline on key domestic routes

On the Mumbai-Ahmedabad route, ticket prices decreased marginally from Rs 3,700 to Rs 3,650 in the aforementioned period

Air India to reinstate 100% of its long-grounded fleet since Tata takeover

The airline is planning to reinstate 100% of its "long-grounded" fleet since the takeover by the Tata Group two years ago

Go First lenders likely to recover Rs 1,600-1,900 cr through Thane land

The Go First lenders are seeking to recover around 25-30% or Rs 1,600 crore-Rs 1,900 crore of their exposure to the airline

SpiceJet records lowest OTP at 60.11% among all major Indian carriers

SpiceJet's operations in October were also affected due to its involvement in repatriation operations from Tel Aviv

Lost your passport abroad? Here's how to get back to your country

Losing your passport abroad can be a scary and exasperating experience. The most common way of replacing a lost passport can be a cumbersome exercise, however, it works

Go First extends flight cancellation till Nov 30 citing operational reasons

The airline has approximately 4,200 employees, and it reported total revenue from operations at Rs 4,183 crore in the financial year 2021-22

Average daily domestic traffic increased by 1.65%, Oct upswing anticipated

Overall domestic demand remained high, with four out of six major carriers reporting load factors of over 90 per cent in September

Deeper, wider and lucrative: Decoding IndiGo's mega global flight plan

India's largest airline wants to be measured against global carriers, but it might want to keep an eye on Air India

Supreme Court likely to hear Jet Airways lenders plea on October 12

JKC is the successful bidder for Jet Airways

Delhi HC defers hearing to Oct 9 hearing in Spicejet vs Maran case

SpiceJet on 12 September paid Maran Rs 100 crore out of an order of Rs 380 crore for an arbitral award

Airlines face limited liability for lost baggage

The National Commission found no merit in Bhullar's claim that mental tension had affected his performance since he had performed well on the first day

Air India to induct first A350 aircraft in December: CEO Campbell Wilson

Air India has acquired this A350 aircraft through a lease transaction between its subsidiary AI Fleet Services Limited (AIFS), based in GIFT City, and the British bank HSBC

IndiGo should be compared with global carriers, not domestic: CEO Elbers

Outlook should be broader and ask why Indian carriers have a small share in international routes, he says

Go First lenders approve Rs 100 crore of CIRP cost with 98% vote

The airline stopped flying on May 3 and approached for initiation of the CIRP against it as it was unable to fly due to technical difficulties faced by the non-availability of engines

Indian airlines expected to report net loss of Rs 5,000-7,000 cr in FY24

Indian airlines are expected to see a sharp drop in net losses to Rs 5,000-7,000 crore this fiscal as they continue to witness healthy passenger traffic growth and improvement in their revenue, rating agency ICRA said on Thursday. The net loss would be much lower compared to the Rs 11,000-13,000 crore loss the industry is estimated to have reported for 2022-23 due to elevated aviation turbine fuel prices, coupled with depreciation of the rupee against the US dollar, it said. The airlines have improved the cost of available seat kilometre to the cost of available seat kilometre (RASK-CASK) spread through better pricing discipline, it said. According to the rating agency, the domestic aviation industry continues to face challenges despite witnessing a healthy recovery in air passenger traffic because of sequential increase in aviation turbine fuel (ATF) prices and depreciation of the value of rupee against the US Dollar. It said domestic air passenger traffic rose 26 per cent to arou