Page 3 - Indian Aviation Market

SpiceJet board to consider fundraising to cover outstanding liabilities

SpiceJet on Tuesday said its board will meet on Friday to consider options to raise funds as well as to convert certain outstanding liabilities into equity shares of the company. The no-frills airline, which has been grappling with multiple headwinds, including legal woes, is looking to raise fresh capital through issuance of eligible securities to qualified institutional buyers. Besides, the carrier plans to issue equity shares on preferential basis consequent upon conversion of outstanding liabilities into equity shares of the company, subject to applicable regulatory approvals, according to a filing to the BSE. Both plans will be taken up by the board of directors during its meeting scheduled for February 24. Specific details about the proposals could not be immediately ascertained. In December last year, SpiceJet Chairman and Managing Director Ajay Singh told shareholders that the company is engaged with investment bankers to raise up to USD 200 million in order to achieve its

Regional aviation looks to soar higher, carriers chart growth plans

Fly91 to enter airspace occupied by players like Alliance Air, Star Air, Flybig

Govt gives 'in-principle' approval to 21 greenfield airports across country

The government of India has accorded an 'In-principle approval' for the setting up of 21 Greenfield Airports across the country

Boeing says India is key nation for its sustainable aerospace programme

American plane maker Boeing on Sunday said India is a priority country for its ambitious programme to decarbonise aerospace globally from both the civilian and military aircraft and to chart a path toward a sustainable future. Brian, Boeing's Vice President for Global Sustainability Policy and Partnerships, said the company is confident of delivering commercial airplanes capable of flying on 100 per cent Sustainable Aviation Fuel (SAF) by 2030. "India is hugely important to Boeing and to our aviation business, but also to our sustainability journey. I think some of the commitments and potential that we see here in India to become self-reliant through the scaling of sustainable aviation fuel is really promising," he told PTI. In a significant global announcement, Boeing said last year that its commercial airplanes will be capable and certified to fly on 100 per cent sustainable aviation fuels by 2030. There has been growing deliberations globally on curbing carbon emissions from ...

Jet airways revival hits new snag as banks push back on funding

The new owners meanwhile have indicated that extra money wasn't part of the already agreed upon resolution plan and instead must be taken out of the banks' dues

Year-end fares go through the roof as airlines fly on low capacity

More than 75 planes are grounded; Goa to see 11% fewer flights in December

Airport slots for next season to be based on this season's usage: Govt

Usage of slots for more than 80 per cent of time in the previous winter season decides whether an airline would get the same slot again in the current winter season

2 in 3 travellers want pre-pandemic govt fare caps back as air-fares soar

A recent survey by LocalCircles reveals that soaring airfares have worried travellers and two out of three fliers want the government to bring back an upper and lower limit on air-fares

How unregulated is the helicopter tourism industry?

Three months after a chopper went down into Arabian Sea leaving four dead, another chopper crashed into the Uttarakhand hills killing seven on-board. Are civil helicopters being regulated efficiently?

India a key aviation market; air travel demand to be robust, says IATA

India is a key aviation market for the Asia Pacific region as well as the rest of the world and is expected to see robust air travel demand, global airlines' grouping IATA said on Tuesday amid the country's domestic air passenger traffic inching towards pre-COVID levels. After being significantly hit by the COVID-19 pandemic, the Indian aviation sector is on the recovery path and airlines are also ramping up their staff as well as expanding routes to cater to the rising travel demand. On October 9, the daily number of domestic air passengers touched 4 lakh, nearing the pre-COVID level and Prime Minister Narendra Modi on Tuesday described the trend as a "great sign". India's civil aviation sector is poised for phenomenal growth in terms of passengers, aircraft and airport. The country is projected to have 40 crore air travellers, including domestic and international, by 2027, Civil Aviation Minister Jyotiraditya Scindia said in August. During an online briefing on Tuesday, IATA's ..

Indian airlines revamp their in-flight menus amid intense competition

Air India latest carrier to update menu, but others have tweaked their offerings too

SpiceJet reports combined loss of Rs 1,247 crore in Q4FY22 and Q1FY23

SpiceJet incurred net losses of Rs 316 crore, Rs 934 crore, and Rs 998 crore in FY19, FY20, and FY21, respectively

No cap on airfare from now, ticket prices may go up during festive season

There will be no cap on air ticket prices from August 31, and airlines will have flexibility in fixing the airfares

Akasa Air has strong financials to place order for more planes: CEO

The Jhunjhunwala family holds stakes in the airline through three discretionary trusts

Frequent mid-air 'technical glitches' add to Spicejet's financial woes

Once an investor darling, SpiceJet is now the worst-performing airline stock in Asia, fighting a run of negative publicity triggered by a slew of seemingly innocuous but frequent technical glitches

Scindia holds meeting with senior MoCA officials, DGCA on safety issues

In the wake of a string of technical malfunction incidents involving Indian carriers, Aviation Minister Jyotiraditya Scindia held a meeting on safety issues with senior officials of his ministry

India a key growth area, is going to be a massive market: Singapore Air CEO

CEO Goh refused to be drawn on whether Singapore Airlines would be interested in buying a stake in Air India

Fuel, currency, fares major challenges for Indian carries, says Boeing

Aviation fuel in India is 90 per cent higher when compared to Middle East and Africa, Asian and Oceania, and North America

India set to clear Boeing 737 Max to fly again within days: Report

India, until recently the world's fastest growing aviation market, is increasingly key for global planemakers

Indian aviation mkt's recovery impacted by cap on fares, capacity: IATA DG

The Indian aviation market's recovery has been significantly impacted by caps on fare and capacity which have been placed by the government since May last year