Aneesh Phadnis

All stories by Aneesh Phadnis

Air travel will cost more in India. Here's why

Air travel will cost more in India. Here's why

Rediff.com5 days ago

A loss of revenue from liquor sales will have to be compensated through increased landing and parking charges on airlines, which, in turn, will pass on the cost to flyers.

Jet Airways gets two suitors; Hindujas back out

Jet Airways gets two suitors; Hindujas back out

Rediff.com16 Jan 2020

South America-based Synergy Group, one of the suitors, has said slots at London's Heathrow airport are critical to the airline's operations and will decide on participating in the resolution only if it gets clarity. It also wants to form a new company with its assets, employees, and operating permit but minus all liabilities.

Air India eyes more slots at Heathrow

Air India eyes more slots at Heathrow

Rediff.com15 Jan 2020

With over 700,000 annual passengers and 21 per cent market share Air India is the largest carrier on India-United Kingdom routes.

IndiGo gets 4 more months to replace A320Neo engines

IndiGo gets 4 more months to replace A320Neo engines

Rediff.com14 Jan 2020

DGCA has also permitted the airline to deploy newly-inducted planes for capacity expansion.

Delhi, Mumbai airports see pick up in traffic

Delhi, Mumbai airports see pick up in traffic

Rediff.com12 Jan 2020

Improvement in load factors, coupled with an increase in seat capacity after Jet's slots were allotted to low-cost airlines, has resulted in an increase in daily passenger traffic.

Govt gives tax breather to airlines

Govt gives tax breather to airlines

Rediff.com10 Jan 2020

Airports levy charges such as FTC, infrastructure charge, and into-plane charges on sale of jet fuel. The levy is passed through to airlines, pushing up costs.

Uddhav promises to make life easy for Corporate India

Uddhav promises to make life easy for Corporate India

Rediff.com8 Jan 2020

Maharashtra is facing competition from other states to attract new investment and has seen a decline in manufacturing activity in the recent past. Last April, the state government unveiled an industrial policy, promising sops and concessions, in a bid to attract Rs 10 trillion worth of investment over five years.

How GoAir plans to prevent flight disruptions

How GoAir plans to prevent flight disruptions

Rediff.com4 Jan 2020

The airline is strengthening its flight operations department to make this happen.

Airlines witness headwinds amid limited price hike

Airlines witness headwinds amid limited price hike

Rediff.com4 Jan 2020

Brent crude oil price surged 4 per cent on Friday, following tension between Iran and the US. Airlines, however, have been unable to pass on the price increase to customers due to the soft demand.

CAA protests: Tourism may be hit badly

CAA protests: Tourism may be hit badly

Rediff.com23 Dec 2019

Foreign tourists are postponing their India holiday and there have been some cancellations as well, with trips to the North-East seeing the most adverse impact.

Air India may be unable to sustain operations

Air India may be unable to sustain operations

Rediff.com18 Dec 2019

Air India is seeking government approval to raise a Rs 2,000 crore loan and refinance $819 million aircraft debt, which would help tide over the financial crisis.

At 11.2%, Nov's air traffic growth fastest this year

At 11.2%, Nov's air traffic growth fastest this year

Rediff.com13 Dec 2019

About 1.2 crore passengers flew in November compared to 1.1 crore in October. While the industry opinion is divided over the sustainability of unprofitable growth, which is primarily led by low fare, some described it as the resilience of air travel against the economic slump.

GoAir chooses Pratt & Whitney engines for 2nd lot of 72 Airbus planes

GoAir chooses Pratt & Whitney engines for 2nd lot of 72 Airbus planes

Rediff.com21 Nov 2019

The selection gives a boost to the US engine firm, which lost out to rival manufacturer CFM International for IndiGo's 280 aircraft engine order in June.

Good news for fliers to Saudi Arabia as seat quota hiked by 78%

Good news for fliers to Saudi Arabia as seat quota hiked by 78%

Rediff.com11 Nov 2019

Among the Indian carriers, Air India, Air India Express, IndiGo, and SpiceJet operate flights to Saudi Arabia while Saudi Arabian Airlines and Flynas are the two carriers operating in India.

India issues advisory against travel to Turkey

India issues advisory against travel to Turkey

Rediff.com24 Oct 2019

The advisory was issued by the Indian embassy in Ankara on Tuesday against the backdrop of strained India-Turkey relations and Turkey's offensive against Kurdish rebels in Syria.

Cleartrip, Taj Hotels to spread wings in West Asia

Cleartrip, Taj Hotels to spread wings in West Asia

Rediff.com23 Oct 2019

Cleartrip acquired Saudi travel firm Flyin last July and it provides bilingual ground support service and itineraries for inbound tourists.

DGCA error forced Pak F-16s to intercept SpiceJet flight

DGCA error forced Pak F-16s to intercept SpiceJet flight

Rediff.com19 Oct 2019

The DGCA official who wrongly assigned the code of Antonov AN-32 -- an aircraft used by the IAF -- to the SpiceJet aircraft has been suspended, report Arindam Majumder and Aneesh Phadnis.

How brands are fighting back as global crises hit home

How brands are fighting back as global crises hit home

Rediff.com15 Oct 2019

Trust today means more than the belief that a brands' products will work as advertised; consumers want to believe that the company truly cares for its customers.

Why Goa hotels may be forced to cut rates

Why Goa hotels may be forced to cut rates

Rediff.com24 Sep 2019

The company operated chartered flights from London Gatwick and Manchester airports to Goa between November and March and its closure will adversely impact local tourism.

Flights may cost more thanks to Saudi oil crisis

Flights may cost more thanks to Saudi oil crisis

Rediff.com17 Sep 2019

The national carrier, which is already struggling with its fuel payments, spends Rs 6,000-7,000 crore annually on fuel. A 10 per cent hike in crude price would mean over Rs 50-58 crore of extra costs for the airline.

With more seats, IndiGo pips Air India on international routes

With more seats, IndiGo pips Air India on international routes

Rediff.com9 Sep 2019

While IndiGo had 11.8 per cent of all the international seats to and fro India in the last week of August, Air India's seat share was 11.4 per cent. Emirates came third with 8.1 per cent, and rest of the airlines constituted 68 per cent of the seat share.

L&T bags engineering contract for Navi Mumbai airport

L&T bags engineering contract for Navi Mumbai airport

Rediff.com1 Sep 2019

The deal size and project completion deadline were not disclosed in the announcement, but people in the know have pegged the deal at over Rs 6,000 crore, reports Aneesh Phadnis.

Despite Jet crisis, domestic air traffic set for double-digit growth again

Despite Jet crisis, domestic air traffic set for double-digit growth again

Rediff.com19 Aug 2019

One reason is that airlines have ramped up capacity and expanded their presence in tier-II markets. The first of a three-part series analyses how the aviation industry is an outlier in the midst of an overall economic slowdown.

Vedanta's Anil Agarwal eyes reviving Jet Airways

Vedanta's Anil Agarwal eyes reviving Jet Airways

Rediff.com12 Aug 2019

Agarwal submitted the express of interest through his family investment arm Volcan Investments before the close of the bid process on Saturday afternoon.

3 Jet suitors to be named on Tuesday

3 Jet suitors to be named on Tuesday

Rediff.com11 Aug 2019

The possible date for bidders to submit a resolution plan to the adjudicating authority -- National Company Law Tribunal (NCLT) -- is September 27.

Jet's insolvency brings to fore grey areas in aviation law

Jet's insolvency brings to fore grey areas in aviation law

Rediff.com31 Jul 2019

The first hurdle is how long Jet Airways can enjoy rights over its parking slots at various airports.

Jet's resolution professional receives Rs 24K cr worth of claims

Jet's resolution professional receives Rs 24K cr worth of claims

Rediff.com19 Jul 2019

The IRP has admitted 33 claims from banks worth Rs 8,462 crore, and is verifying Rs 15,044-crore claims from operational creditors and staff.

Lenders cautious as Cox & Kings defaults on commercial paper of Rs 200 cr

Lenders cautious as Cox & Kings defaults on commercial paper of Rs 200 cr

Rediff.com4 Jul 2019

Cox & Kings had a total debt of Rs 3,238 crore at end of FY19 and this included both short-term and long-term loans.

Last-minute airfares rise 40% as rain disrupts Mumbai airport

Last-minute airfares rise 40% as rain disrupts Mumbai airport

Rediff.com4 Jul 2019

On Tuesday 55 flights were diverted, over 200 flights were cancelled because of rain, low visibility and poor braking action on secondary runway

Planes overshoot runway thrice in 2 days: DGCA issues safety directions

Planes overshoot runway thrice in 2 days: DGCA issues safety directions

Rediff.com3 Jul 2019

In a circular, the DGCA said, "Crew should be well aware of the aircraft limitations and of takeoff/landing performance calculations during the adverse weather operations." The regulator also said that the airlines must "make available sufficiently experienced crew in the cockpit".

How Air India plans to spread its wings in both East and West

How Air India plans to spread its wings in both East and West

Rediff.com18 Jun 2019

Besides lining up Bali, Nairobi and Toronto flights, the airline is also planning flights from Mumbai to Hong Kong. The network expansion will help the national carrier grow its market share and capitalise on the capacity vaccum created by the collapse of Jet Airways.

World Cup Final: Star Sports, travel firms in top gear

World Cup Final: Star Sports, travel firms in top gear

Rediff.com14 Jun 2019

July 14 features three big-ticket sporting events -- the World Cup final, the Wimbledon men's final and the British Grand Prix.

Why India fails to attract foreign tourists

Why India fails to attract foreign tourists

Rediff.com13 Jun 2019

Tourist arrival growth down to 1.9% over poor marketing and terror threats. Airlines, too, have been forced to reroute following airspace closure. UK and Australia advised their citizens from travelling to Srinagar following the Pulwama attack.

Hindujas want to steer clear of Jet's past

Hindujas want to steer clear of Jet's past

Rediff.com12 Jun 2019

Among the other conditions of the Hinduja group for picking up a stake in Jet is that bankers must take a haircut of 80 per cent and that they should help negotiate with operational creditors like aircraft lessors for moratorium on certain immediate payments.

Aviation security fee revision could push up airfares

Aviation security fee revision could push up airfares

Rediff.com10 Jun 2019

Starting July 1, passengers will be charged an aviation security fee of Rs 150, as opposed to the current Rs 130 for domestic flights, and $4.85 as compared to the current $3.25 for international flights.

L&T likely to win the contract to build Navi Mumbai airport

L&T likely to win the contract to build Navi Mumbai airport

Rediff.com10 Jun 2019

The airport, which will now be built to handle 20 million passengers, will likely start operations by mid-2020. However, rating agency CRISIL in its report in May-end had said operations are expected to start in 2023.

India Inc hopes for economic revival under NDA 2.0

India Inc hopes for economic revival under NDA 2.0

Rediff.com24 May 2019

Corporate leaders said a stable government at the Centre will help boost infrastructure spend, address agricultural distress, and encouraging employment.

80,000 Indians to head for World Cup

80,000 Indians to head for World Cup

Rediff.com13 May 2019

The demand is the highest for the India-Pakistan match at Old Trafford in Manchester on June 16 and also for the final at Lords on July 14.

Why Indian pharma cos are gung-ho about the US mkt

Why Indian pharma cos are gung-ho about the US mkt

Rediff.com24 May 2019

While companies continue to face regulatory pressure leading to higher costs, they see an uptick from the launch of differentiated and high-margin products

Vistara is all set for global foray

Vistara is all set for global foray

Rediff.com22 May 2019

Vistara appoints Vinod Kannan as chief strategy officer; plans to launch its maiden international flight to Colombo in May

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