'CORSIA has set impossible targets. It tries to limit countries to the emission levels of the number of aircraft that they had in 2020. That has to be opposed.'
The coming years will be among the most exciting of your professional lives, IndiGo's new chief executive officer (CEO) Pieter Elbers wrote to the airline's staff after taking charge on Tuesday. Elbers, who spent three decades at KLM Royal Dutch Airlines, replaces Ronojoy Dutta at the top post. "Earlier, IndiGo communication summarised it all in just three words: 'Towards new heights' and-let me add here: 'across new frontiers'. "With that vision in mind, you should feel assured that the coming years will be among the most exciting of your professional lives," Elbers said.
Veterans in the travel industry, a well-known corporate lawyer, and a marquee US-based hedge fund have backed the upcoming low-cost airline Akasa Air. Founded by former Jet Airways chief executive officer (CEO) Vinay Dube, the venture counts ace stock trader and investor Rakesh Jhunjhunwala as its biggest financial backer with an investment of around Rs 300 crore. A person with knowledge of the development said most of the people were well known to Jhunjhunwala and Dube, who approached them during the conception stage.
The passenger numbers have grown at a little over 20 per cent in the past few months.
Air India, IndiGo, and SpiceJet have suspended flights to China and Hong Kong.
Delta said the airline will operate a Boeing 777-200 LR aircraft with a three-class configuration on the route and will offer passengers wi-fi connectivity and free mobile messaging.
The Tata group may have to deploy upwards of $1 billion to improve the airline's passenger reservation system, upgrade and refurbish Air India's fleet, primarily the wide-body aircraft which are the mainstay for the airline's international operations, people in the know said. While the group has not yet decided on how it intends to integrate Air India with its existing airlines AirAsia India and Vistara, sources said the first task will be to refinance Air India's existing loans, upgrade its aircraft gradually, and rewrite multiple business contracts with vendors and suppliers. "They will have to do 100 things to stabilise the airline and will have to put in a lot of money," DIPAM secretary Tuhin Kanta Pandey said, confirming that many aircraft are grounded.
'Airlines will need a war chest to deal with post-COVID economics.'
Domestic air traffic clocked slowest growth in 4 years on high fares and flight cancellations.
The move if implemented, will be a temporary measure to protect both consumers and airlines. A section of airline executives and experts, however, warned that any intervention in pricing would be counterproductive.
The year gone by has also forced all airlines to turn the lens sharply on their own costs, workings and internal dynamics, opening their eyes to their vulnerabilities. Fewer, leaner, nimbler players will emerge from the carnage.
Kaushik Khona's second innings at GoAir will be more challenging than the first. Globally, the aviation industry is in deep distress because of the pandemic, reports Aneesh Phadnis.
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.
IndiGo and other airlines have said they are improving their staff training, looking at better ways of communication and customer awareness on operational matters.
This is a setback for the divestment process of Air India as no other Indian airline has the capability to fund the process
In the past, Qatar Airways has repeatedly expressed a desire to invest in IndiGo, the country's largest domestic airline.
Airline told to transfer non-core assets, subsidiaries to special purpose vehicle
If the Murari Lal Jalan-Kalrock Capital combine can script a turnaround, it will have pulled off a bigger coup than Ajay Singh did with SpiceJet in 2014.
Air India buyer has to take over interest-bearing debt of Rs 16,500 crore a large portion of which is aircraft related, meaning they are backed by aircraft value
Frequent flight cancellations and the Airports Authority of India's decision to put SpiceJet on a cash-and-carry mode have made online travel agencies nervous.
However, Federation of Indian Airlines will continue to function and its other members are not pulling the plug yet, industry sources said.
Travels to Gulf accounted for 40% of India's international air traffic in 2016.
Jet already has $300 mn of ECB.
IndiGo said operations of the ATR fleet would be handled by an independent team that would be responsible for in-flight services, dispatch and control, and revenue.
'Airlines will be asked to submit a detailed plan on the viability of the location.'
It has aircraft utilisation target of 16 hours as against the current 13 hours.
This is three and a half times the loss in the same quarter a year ago.
Government to ask airlines to educate flyers. 'It will be an exhaustive charter which will tell the passenger about all their rights, like whether they are eligible for a refund when there is a delay in flight, what to do in case of a flight delay and other in-flight etiquette.'
A resurgent SpiceJet is spreading its wings and Vistara is set to challenge Jet on long-haul routes in the coming years.
Over 1.3 million, or 49% of passengers flew to the US via airports in the Gulf in FY16
Major global airlines, including Gulf carriers, are keen to invest in this space.
With a debt of several thousand crore rupees, there's no chance the government can attract any buyer unless it cleans up the balance sheet, says Anjuli Bhargava.
Vistara'a launch, the steel plant at Kalinganagar and e-commerce venture are the ones most awaited for
Falling jet fuel prices, stable rupee signal lower losses
The apex court asked the government to get back by March 9 about the policy.
The government has made clear that the Airports Authority of India will closely monitor the cost of airports built through the PPP route.
The Jet Airways of old is no more and the industry mourns its demise. Anjuli Bhargava reports.
It and Vistara both book slots here; former also likely to launch Mumbai flights from early 2015.
The civil aviation ministry received 20 applications and it granted NOCs to sixteen companies between 2009 till now
For international travel, frequent flyers look at network and Air India's global network is weak.
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