Any government aid to the airline will ultimately hurt the economy
Crisis-hit SpiceJet hopedul of a turnaround.
An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation).
A SpiceJet plane was damaged on Monday when its wing hit a lightning pole at the Delhi airport when the aircraft was pushed back from the parking position to be ready for takeoff to Jammu, DGCA officials said.
The safety and security of citizens is primary for the government, he said.
Kalanithi Maran and another top company official have been summoned as accused by a Delhi court in two tax evasion cases.
If all 102 grounded planes could fly, there will theoretically be 400 more Delhi-Mumbai flights every day.
The Delhi airport, the country's busiest airport, on Friday early morning witnessed the collapse of a roof at Terminal 1 amid heavy rains that killed one person, prompting the government to order a detailed probe and an inspection of the structural strength of all airports.
Domestic airlines flew 1.29 crore passengers in April, a rise of more than 22 per cent compared to the year-ago period, according to official data released on Friday. However, the domestic air traffic number last month at 128.88 lakh was marginally lower than the 128.93 lakh recorded in March. In April 2022, the number of passengers carried by airlines stood at 105.47 lakh.
IndiGo's Sharjah-Hyderabad flight was diverted to Karachi as a precaution on Sunday after pilots observed defect in one of the engines, officials of aviation regulator DGCA said.
Going 'long' is becoming an overcrowded trade on Dalal Street, and any negative trigger could lead to a sharp correction, warn experts. However, given the strong momentum, particularly in IT stocks, the downside could be protected in the immediate term. "With the Nifty50 surging to new life-time highs, the bulls remain in control. Further upsides are likely once the immediate resistance of 21,492 is taken out.
The Delhi high court on Friday directed the civil aviation regulator to deregister planes leased to Go First within five working days, giving respite to the lessors. This means that the airline will have to give back all 54 aircraft to the lessors if its resolution professional (RP) does not challenge the order or ask for a stay. Justice Tara Vitasta Ganju also refused the request of the RP, represented by advocate Diwakar Maheshwari, to keep the operation of the order in abeyance for a week to enable them to file an appeal before the division Bench of the court.
Rising crude oil prices and muted passenger traffic in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24) have raised concerns about the profitability of listed aviation players. These two concerns have caused the stock of InterGlobe Aviation (IndiGo), the largest player in the sector, to slip by 11 per cent since its highs at the end of July. Nuvama Research expects yields to cool down in the near term due to seasonality, rising crude oil prices, and higher capacity.
As SpiceJet faces heat from the aviation regulator DGCA for multiple flight incidents in the last few weeks, malfunction cases involving planes of IndiGo and Vistara came to light on Wednesday.
Akasa Air's plane occupancy, or load factor, improved the most among all major carriers in April compared to the last month. Load factor signifies the percentage of seats that the airline has been able to fill in its planes. The Vinay Dube-led carrier, which started commercial flights in August last year, saw its load factor jump by more than 11 per cent in April, according to the Ministry of Civil Aviation's data
Civil Aviation Minister Jyotiraditya Scindia on Tuesday flew on SpiceJet's special flight between Delhi and Gwalior using Boeing's 737 Max plane that has been allowed to return to service after two and half years. All Max planes were grounded in India by the Directorate General of Civil Aviation (DGCA) on March 13, 2019, three days after the crash of an Ethiopian Airlines 737 Max plane near Addis Ababa, which had left 157 people, including four Indians, dead. Along with Scindia, SpiceJet CMD Ajay Singh and Boeing India president Salil Gupte were also present on the special flight on Tuesday.
As many as 31 evacuation flights will be operated to neighbouring countries of crisis-hit Ukraine and will bring back more than 6,300 Indians stranded in the eastern European nation, according to official sources.
Among the impacted flights, Air India's flight AI 185 from the national capital to Vancouver that was to depart early in the morning was rescheduled.
SpiceJet, Air India Express and IndiGo will operate special flights from Hungarian capital Budapest and Romania's Bucharest on Monday and Tuesday to evacuate Indians stranded in Ukraine due to the Russian military offensive.
Future Gaming and Hotel Services whose director is the lottery magnate Santiago Martin is the top purchaser of electoral bonds having purchased bonds worth Rs 1,368, according to data uploaded by the Election Commission of India on its website on Thursday.
Saif Ali Khan took his mother Sharmila Tagore to Jaisalmer to celebrate her 78th birthday on December 8. The rest of the family joined in.
Aviation regulator DGCA has asked Tata Group-owned Air India to repair its aircraft after a passenger complained on social media on Monday about the plane's shabby interiors, including a broken armrest, officials said. The Directorate General of Civil Aviation (DGCA) had last Wednesday grounded a SpiceJet aircraft over a passenger's complaint of dirty seats and malfunctioning cabin panels. The SpiceJet plane took to the skies a day later after all the suggested repairs were effected.
Loans for Indian airlines have dried up as banks have become cautious to lend to the sector.
With low-visibility conditions significantly disrupting flight operations at the Delhi airport, Civil Aviation Minister Jyotiraditya Scindia on Monday said all stakeholders are working round-the-clock to minimise fog-related impact as well as passenger inconvenience, and asserted that unruly passenger behaviour is unacceptable.
The airlines' CEO expects it have 50 Boeing-737s and 30 Bomardier aircraft by 2016
The aviation regulator is investigating the incidents and both planes, with Pratt and Whitney engines, will fly only when cleared by it, the officials said.
During the Diwali week (November 10-16), airfares on major routes across the country have surged by up to 44 per cent.
Rakesh Jhunjhunwala-backed new airline Akasa is in talks with US aerospace company Boeing for buying up to 100 737 Max aircraft. Former Jet Airways CEO Vinay Dube and his family members are promoters while ex-IndiGo president Aditya Ghosh is a board member of the airline. The airline is in negotiation with Boeing and has reached out to the government to recertify the aircraft which has been grounded since 2018 after two crashes killing 349 persons, according to sources in the know.
These flights belong to the fleet of Air India, Air India Express, IndiGo, Spice Jet, Vistara, Go Air, and also planes from Air Force.
The Indian aviation sector is on the cusp of a change as airlines look to induct a record number of aircraft. This, analysts said, will put the sector on a growth runway, though keeping it viable for only long-term investors. According to Vinit Bolinjkar, head of research at Ventura Securities, expectations of strong air traffic, coupled with low penetration, is the prime reason for a solid long-term outlook.
IndiGo's size should be compared with global carriers, and not other domestic airlines, chief executive officer Pieter Elbers said on Tuesday, adding that such benchmarking will help India transform its airports into aviation hubs. Elbers flagged the tendency to scrutinise domestic competition, assess fares on domestic routes, and determine if they are high. "But if we want to build some hubs, we should have a broader look," he said during a panel discussion at a convention organised by All India Management Association (AIMA).
'The unity among Israelis is such that the killing of the many Israelis is like a personal loss.' 'They feel as if they have lost someone from their own family. The whole of Israel is sad.'
SpiceJet, Air India Express and GoAir have been involved in three, two and one such incidents, respectively, in the past few days, prompting the DGCA to take action against the 12 pilots.
Some maturity needs to come to the rationalisation of the fares for the sector to succeed.
To understand Modi, listen to what he does not say -- vide NRC, suggests Prem Panicker.
On Monday, the fifth Air India flight landed in Delhi from Bucharest with 249 Indian nationals while the sixth flight arrived from Budapest here with 240 Indian nationals, the officials said.
The country's largest airline IndiGo and Air India have asked passengers to reach Delhi airport at least 3.5 hours prior to domestic departures.
The Directorate General of Civil Aviation (DGCA) suspended the licences of 92 pilots in 2022 for violating safety norms, which was more than double the 2021 figure. The number of scheduled flights (domestic and international) in India increased by 32.74 per cent to 1.3 million in 2022, according to data from aviation analytics firm Cirium. A DGCA official stated that the minimum period of licence suspension in 2022 was one month and the maximum was three years.
Aviation is a juicy target. It's a 24x7 industry, which cannot afford delays or loss of customer credibility.
A video on Twitter showed one of the plane's engines on fire and sparks flying at the time of taxiing at the airport.
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