IndiGo's co-founder and interim CEO Rahul Bhatia said profitability was significantly impacted by costs pressure from the increases in fuel price and the depreciation of rupee as well as competitive fare environment.
The first Airbus A-320 aircraft of Tata-SIA joint venture Vistara airline, painted with its logo and livery, landed at the IGI Airport in New Delhi on Wednesday, taking the carrier a step closer to its launch.
At the recently concluded Dubai airshow, Akasa, Rakesh Radheyshyam Jhunjhunwala's new airline, signed a $9 billion deal with American aircraft maker Boeing to buy its 737 MAX planes and a $4 billion one for engines with CFM, a joint venture between GE of the US and Safran of France. Unlike his financial doppelganger Warren Buffett, who divested billions from his airline stock portfolio at the start of the pandemic, Jhunjhunwala is wagering his billions in a brand new airline. The legendary investor bought a roughly 40 per cent stake in SNV Aviation in September, Akasa's holding company, started in March by three former Jet Airways colleagues. With aviation still to recover from its pandemic slump, the big question around his foray into domestic aviation, due to take off in summer 2022, is whether it is another pie in the sky.
Six new airlines, three national and three regional, are set to join the market even as the sector remains dogged by massive losses.
People have said they would be inclined to travel for leisure during the festival and year-end season.
The airline will fly the A320s between the Tier-II and Tier-III cities.
The bookings of tickets under the four-day "festive sale" offer have begun from Monday for the travel period from September 18, 2018 to March 30, 2019, IndiGo said.
Delhi, Mumbai, Bengaluru, Ahmedabad, Kochi, Patna and Lucknow, among others, are the cities from where flights have been cancelled.
The Wadia group-owned airline is building a new management team and putting in place strategies for efficient operations. Leading the change is Cornelis Vrieswijk, the airline's new chief executive officer.
The airlines have instead suggested compulsory personal protective equipment-like suit, gloves and mask for flyers and crew members.
AirAsia India launched service in June and has two Airbus A320 planes.
The airline has also inked a deal to take 12 A320s from Singapore's Tiger Airways on lease.
With the Chennai airport closed till December 6 following heavy rains and flood, the nearby naval air station at Arakonnam is likely to be turned into a makeshift airport.
Airline wants to fly to West Asia, Southeast Asia.
'The need for added safety has bolstered demand for charter flights in the last year and is expected to continue.'
The airline might find it difficult to fill posts.
The new owner may be allowed to dispose of assets accruing from the 10-26 per cent of the net assets of the company.
Air India's home market share has fallen from 19.8% in January to 18% in July.
IndiGo's share sale will raise the company's retained earnings to Rs 2,680 crore.
AirAsia is facing a legal challenge from Bharatiya Janata Party MP Subramanian Swamy, whose petition comes up for hearing at the Delhi HIgh Court on Wednesday.
EasyJet agreed to buy 35 current-generation A320 aircraft and 100 new-generation A320neo jets, with options for a further 100, the airline announced on the second day of the Paris Airshow.
There are several first officers who have flown 5,000 hours
About 170 Airbus aircraft operate in India.
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.
Engine snag forces IndiGo to ground 7 new aircraft
To make space for the extra row, Vistara has opted for the smartLav concept offered by Airbus
The two hijackers had hand grenades and had threatened to explode them.
The first officer, not the captain, was flying AirAsia Flight 8501 when it crashed.
J R D Tata's flight carrying mail between the two cities was the first by an Indian company and it opened the air link to peninsular India.
The pilot-turned-airline owner and his partner Biraja Jena plan to launch FlyBig, which has secured 16 routes under the fourth phase of UDAN, the government's regional connectivity programme.
Wide-body aircraft like B747 and A350 have a bigger fuel tank and can therefore travel longer distances in comparison to narrow-body aircraft like B737 and A320. A wide-body aircraft also needs a longer runway length to take off or land. The table top runway 10 of the Kozhikode airport is approximately 2,700 metres long. Wide-body aircraft operations were permitted at this airport from 2019.
The airline will launch an additional daily flight on the Mumbai-Ahmedabad and Delhi-Ahmedabad routes during the period.
Two of the cabin crew in the aircraft were also found to be without any proper training, they said.
To attract bidders, the government had decided to hive of around Rs 35,000 crore of the company's debt into a separate subsidiary, leaving around Rs 23,286 crore to be absorbed by the new bidder.
Airline may cut its fleet from the existing 64 planes over the next few months.
An Air India spokesperson said the plane landed at an "uncommissioned runway" and that all passengers are safe.
The airline is strengthening its flight operations department to make this happen.
This new mom is totally in love with her work and her new role, motherhood.
'The pilots and the ATC both did not follow the protocol'
Vistara has six Airbus A320s in a three class configuration.
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