Page 9 - Indian Aviation

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

Record plane orders raise stakes in India's aviation boom: Report

Indian budget airline IndiGo announced at the Paris Airshow on Monday the biggest ever plane order by number of aircraft with a deal for 500 Airbus narrowbody jets

India to resolve disparity in global aircraft leasing rules, national laws

A resolution could help lessors to Go First airline reclaim their planes and fly them out of the country after the carrier filed for bankruptcy protection in May

India's newest airline Akasa Air looking to raise $75-100 mn for expansion

To raise the money, Akasa Air has approached potential investors which include PE firms and high-net-worth individuals

Indian Oil Corp to set up aviation fuel plant with LanzaJet in Haryana

The company is looking at an investment of about 23 billion rupees ($280.1 million), S.M. Vaidya said on the sidelines of an industry event in New Delhi

India's aviation market offers diverse opportunities: Star Alliance CEO

India is a critical aviation market for growth with all kinds of opportunities and Air India is on a strong mission to overhaul its business, according to airlines' grouping Star Alliance's CEO Theo Panagiotoulias. Star Alliance, which has been in existence for more than 25 years, is a global grouping of 26 airlines, including Air India, Lufthansa, Singapore Airlines and South African Airlines. Sounding bullish about the revival of Air India, a long time member of the alliance, Panagiotoulias said the airline is on a "very strong mission" and has embarked on a major overhaul of its business. "India is a critical growth market and offers all kinds of opportunities," he told PTI in an interview here this week. He also emphasised that having Air India in the alliance is a huge piece of the puzzle of the global network. His comments also come against the backdrop of Air India group taking various measures to strengthen its operations, including placing a historic order for 470 planes

Go First lenders discuss revival plan; appoints new resolution professional

Lenders however have opted for a new resolution professional as Lal was selected by the Go First management

'India's the new China' as airlines more than double profit outlook

Bullish on the Indian market, Lufthansa Group CEO Carsten Spohr has said the airline group is working closer with Air India as well as expanding its own operations into the country

India hugely growing aviation market but underserved: Air India CEO

India is a hugely growing aviation market but also underserved, especially on international routes, Air India chief Campbell Wilson said on Monday. The Air India CEO and Managing Director was speaking at a session at the IATA World Air Transport Summit. While India is a "hugely growing market", it is also an underserved market, as there are less than 50 wide-body aircraft (with domestic carriers), he said. Earlier this year, Air India placed an order for 470 planes with Boeing and Airbus. In the context of the aircraft order, Wilson said there is a significant imbalance that the airline is trying to address. He was referring to the shortage of wide-body planes in India. Wilson also said that a few years ago, 13 Boeing 787 planes were grounded as Air India did not have funds and there was also a requirement for "30,000 spare parts". He was responding to a query related to supply-chain issues. The Tata Group took over the loss-making Air India from the government in January last

Flight operations can take off with 152 daily flights: Go First to DGCA

The airline needs Rs 150-175 crore as working capital and contingencies to resume its services

Skyrocketing airfares: GoFirst's absence, thunderstorms, demand to blame

The prices of the cheapest flights from Delhi to Mumbai stood at Rs 19,000 for one-way. Whereas, for Delhi to Dubai, it was Rs 14,000

Troubled airline Go First extends cancellation of flights until June 4

Go First had blamed the non-delivery of engines by the US engine manufacturer Pratt & Whitney for its failure to operate

Airlines start filling up Go First void even as fares soar up to 5x

Air India, Vistara have started four and 14 new weekly services on the Mumbai-Goa route

New flights based on flyer-handling capacity at security checks: BCAS

On the international side, the processing capacity per machine per hour is between 105 and 160 passengers

Justice Pratibha recuses herself from Go First lessors' case against DGCA

Though Justice Singh gave no explanation about the reason for her recusal, it should be noted that her spouse Senior Advocate Maninder Singh was representing Go First in NCLAT