Page 10 - Indian Aviation

Akasa Air plans to list on bourses by end of the decade: CEO Vinay Dube

India's newest airline Akasa Air, which is set to soon fly on international routes and will be placing a three-digit aircraft order, plans to list on the bourses by the end of the decade, its Chief Executive Officer Vinay Dube told PTI. The 14-month-old Akasa Air, which already operates more than 750 weekly flights across 16 domestic destinations, including Mumbai, Ahmedabad, Bengaluru and Delhi, is looking at "gathering a little more history" before launching an initial public offering (IPO), he said. The airline plans to start international services by the end of this fiscal and has placed a firm order for 76 Boeing 737 MAX aeroplanes, all of which will join its fleet by mid-2027. Currently, Akasa Air has a fleet of 20 aircraft and is looking to place an order for three-digit aircraft before the end of 2023, he noted. Dube, the founder and CEO, said the airline is already generating free cash from operations and is well-funded for the new aircraft order it is going to place. Abo

Looking at a mix of int'l destinations, not just West Asia: Akasa Air CEO

(Pilot row) one of the things we didn't plan for because it is unimaginable, says Vinay Dube

Air India seeks to boost its talent pool with interactive program SOAR

Air India has started an interactive programme to hire students from business schools as the airline expands its fleet and operations. The Tata Group-owned carrier on Thursday said it started SOAR (Spirit of Aviation Reimagined) in August and is a first-of-its-kind student interactive programme in the aviation industry. This unique move to engage fresh talent to the nuances of the aviation sector will go a long way in augmenting Air India's employee pool with the best talent, it said in a release on Thursday. SOAR is the airline's business challenge-based annual nationwide B-school competition and part of its campus outreach programme. The loss-making carrier, which has embarked on a five-year transformation journey under the Tata Group, said its talent augmentation drives over the last one year have been receiving overwhelming response from the market and leading institutes with the initial recruitment drive for management post-graduates drawing response from over 25,000 applicant

A-I to take delivery of 1 aircraft every 6 days on avg till 2024-end: CEO

Air India Group, which has embarked on ambitious expansion plans, is expected to take delivery of a new aircraft every six days on average till the end of 2024, according to a top official. The group, comprising Air India, Air India Express, AIX Connect and Vistara, is owned by the Tatas, which is also in the process of consolidating its airline business. "Air India Group to take delivery of one new aircraft every six days on an average till the end of 2024," Air India Chief Executive Officer and Managing Director Campbell Wilson said on Wednesday. Speaking at a function here for the unveiling of Air India Express' new brand identity, Wilson also said that it is an exciting day for the group. Tata Group took control of loss-making Air India in January 2022. Earlier this year, Air India placed orders for 470 aircraft from Airbus and Boeing at USD 70 billion (based on published list prices). The deliveries of the new planes will start from November this year. Air India Express is i

After Jindal, Jettwings submits expression of interest for Go First

On Wednesday, Naveen Jindal-led Jindal Power Limited (JPL) also submitted an EoI for Go First

Air India to operate non-stop Kolkata-Bangkok flights from Oct 23

Air India is all set to introduce a non-stop service between Kolkata and Bangkok from October 23. Launched during the festive season in Kolkata, this new flight will cater to the need for a convenient direct connection between the two cities, the airline said in a statement on Wednesday. It will operate six days a week from Monday to Friday. Flight number AI-322 will depart Kolkata at 10 pm (local time) to reach Bangkok at 2.05 am (local time) the next day. The return flight AI321 will take off from Bangkok at 3.05 am to land in Kolkata at 4.10 am. The flight will be operated with a narrow-body Airbus aircraft and it will have a two-class configuration business and economy. The direct service to Bangkok will offer an opportunity for Air India passengers to take convenient connections via Bangkok to and from 10 popular destinations in Thailand, Laos, and Cambodia on the network of Bangkok Airways, with which Air India enjoys an interline partnership with seamless connections beyon

Global aviation leasing body downgrades India in light of Go First case

With AWG's downgrade, it is probable that lessors will increase the aircraft leasing rates for Indian carriers

Can't interfere in dispute between Akasa Air and its pilots: DGCA

The DGCA "does not have any power or delegated authority to interfere in any employment contract," it said

Green deposits, corrosion on leased planes, Go First lessor tells Delhi HC

The Delhi High Court reserved its orders in three applications filed by aircraft lessors of the airline seeking permission to maintain their aircraft

SpiceJet completes payment of Rs 100 crore to KAL Airways Private Limited

The Delhi High Court on August 24 told CMD Singh to pay Rs 100 crore dues to Maran by September 10

Need clear chain of command to handle safety, DGCA tells Air India

The DGCA told the airline to remove this confusion so that there is a clear line of communication between the regulator, accountable manager and chief of flight safety

Growth fundamentals of aviation sector strong, no slowdown: Boeing India

Asserting that the Indian aviation sector's growth fundamentals are strong, aircraft maker Boeing has said that significant skilling of people to meet demand, rationalisation of fuel taxes and continued infrastructure investments will keep the growth going. Boeing, which has hundreds of aircraft on order from Indian carriers, has also announced various investments, including USD 100 million for training pilots in the country. Besides, it has maintenance training partnerships with partners for having enough skilled mechanics in India. "We see no slowdown (in India) and we continue to see very high load factors, extremely high rates of profitability amongst the airlines and we see extremely strong demand for aeroplanes as we have seen in some of the largest orders ever placed in the world. "Overall, we see that demand grows. We are also seeing significant advancements in infrastructure as new terminals come up... new greenfield airports come up...That is going to be a boon to Indian .

Go First to credit two months of salary in Sept: CEO Kaushik Khona

Go First has 2,198 employees on its payroll, of which 1,000 are serving their notice period. The airline has 103 captains, 26 co-pilots, and 374 cabin crew staff

Air India's accumulated losses at FY23-end estimated at Rs 14,000 crore

Air India's losses include write-offs on old planes and engines and those on account of AirAsia India

Go First refund case: NCLT issues notice to lenders, next hearing on Aug 7

CoC is a group of lenders that represent the interests of all stakeholders in the insolvency process

Aviation sector undertakes measures by ICAO for sustainable practices

The civil aviation ministry has advised all brownfield airports to work towards achieving 'carbon neutrality' and 'net zero', and to adopt carbon mitigation measures

DGCA okays Go First plan to resume flights on availability of interim funds

The regulator has asked the resolution professional (RP) to submit the proposed flight schedule in proportion with the available resources

TMS Ep470: GST, Gift City, mid & small-cap stocks, Cape Town Convention

What are the changes that GST needs? What does Google's fintech hub mean for Gift City? Is it time to sell mid, small-cap stocks? What is Cape Town Convention Bill? All answers here

Air India reports steepest on-time performance fall in June, shows data

Air India's OTP nosedived especially during June 11-15 when its average daily OTP fell below 50 per cent

Aviation emissions targets, net-zero goal in focus at Paris Airshow

Airlines are trying to purchase more SAF, which produces up to 80% fewer carbon emissions on a lifecycle basis than traditional jet fuel