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.
Since 1954, the Bhasins have collectively flown every aircraft in India.
From CEOs to RBI governors, cricket's rich imagery and strategy resonate deeply with leadership, uncertainty, and decision-making across industries and global diplomacy, points out Suveen Sinha.
International and Indian airlines are refusing to refund cash and giving credit that can be used later.
West Asian carriers are up against Air India and IndiGo in the battle for seats on lucrative international routes.
Agra, Shimla, Nanded, Kanpur and Jamshedpur are among the many airports that would see connectivity under Udan.
The DGCA advised airlines to remain ready to operate additional flights from the Srinagar airport if the need arises.
Cash-strapped Indian carriers are finally finding money to finance expansion plans or merely fund operations. State-owned Air India is set to receive a $1 billion (Rs 49,000 crore) loan and Naresh Goyal-promoted Jet Airways is close to striking a deal for a Rs 500-crore loan from Indian Overseas Bank.
A threat about the presence of bombs on an Akasa Air flight at Biju Patnaik International Airport in Bhubaneswar was received on social media, but it later turned out to be a hoax, an official of the airport said on Thursday.
Flight services at Mumbai airport were severely impacted on Monday due to low visibility after heavy rains in the city, leading to runway operations being shut for over an hour and approximately 50 flights being cancelled, sources said.
New airline Akasa Air on Thursday took delivery of the first 737 Max aircraft from Boeing in Seattle, USA, a statement said.
'Airlines will need a war chest to deal with post-COVID economics.'
It is clear that foreign airlines have realised the growth possibilities of the Indian aviation sector and are keenly interested, the minister said.
The AFI official said that Air India refused to carry three poles measuring 5m each to be used by the two athletes, on the ground of some "technical issues" concerning prescribed length of the items.
'My one recommendation would be to first quell the violence and then encourage dialogue and build the trust among the different communities.' 'This is not easy but necessary, for violence cannot be the way forward.'
Almost all Indian airlines like SpiceJet, IndiGo, GoAir, Jet Airways and Air India, have been offering discounted fares on domestic sectors almost on a month-to-month basis.
Terming as "unfortunate" the loss of lives in the Malaysian Airlines tragedy, Civil Aviation Minister Ashok Gajapathi Raju on Friday said there was no Indian on board the aircraft.
Experts said the risks associated with the Indian Experts say that aviation sector would keep investors away from airline stocks.
The growth in India's domestic aviation capacity in calendar year 2023 (CY23) was the sixth highest among 20 major domestic markets, compared to the pre-pandemic year of CY19. The domestic capacity in the country surpassed the pre-pandemic level seen in CY19 and was up 5 per cent in CY23. It trails Mexico, Columbia, China, Vietnam, and Spain, which have shown higher growth, according to data shared in a seminar organised by global travel data provider OAG on global aviation trends in 2023.
United States President Joe Biden and Prime Minister Narendra Modi are expected to make meaningful advancements on the GE jet engine deal and civil nuclear technology during their bilateral talks, National Security Advisor Jake Sullivan was cited in a Reuters report.
'This case is not a good example of intellectual property strategy for either sector.'
Painting a gloomy picture, the International Air Transport Association (IATA) on Friday said the Indian aviation industry is estimated to suffer a collective loss of $1.5 billion in 2009, with Air India accounting for most of it.
Rivals say the concessions would benefit AirAsia alone.
In the season of aviation action, Rakesh Jhunjhunwala-backed Akasa Air has secured the crucial no-objection certificate (NoC) from the civil aviation ministry. It expects to start operations next summer. The airline will now have to apply for the Directorate General of Civil Aviation for operations permit. Aviation sector has been in the limelight with the Tata Group winning the Air India bid last week.
Abdullah said they are claiming that terrorism is over but the ground situation shows that it has increased in otherwise peaceful Jammu region.
Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez on Monday inaugurated the Tata Advanced System Limited (TASL)-Airbus facility in Vadodara to manufacture C-295 military aircraft in India.
From being a low-fare, low frills airline, GoAir has out of the blue announced the launch of something called 'GoComfort'.
Airlines in the UAE are expecting a huge rush since nearly a million amnesty seekers, including many Indians, are likely to leave the country before the September two deadline.
Domestic airlines witnessed 10 per cent rise in sales in 2014.
Except GoAir, all other Indian airlines have opened bookings for their domestic flights that will start operating from May 25. GoAir will open bookings on domestic flights from June 1 onwards.
The Delhi High Court on Tuesday said it would pronounce on Friday the verdict on the plea of a pilots' body of erstwhile domestic carrier Indian Airlines seeking parity with their counterparts in Air India.
19 per cent of all travel in India (by bus, train or air) was pilgrimage or religious travel (possibly the single largest after business and family-related travel), discovers Ambi Parameswaran.
Even as the government is aiming at creating an airline behemoth to take on Asian tigers such as Singapore Airlines and Thai Airways, the merged Air-India and Indian Airlines entity will not dominate even the Indian skies.
'The past few quarters have seen prohibitive fares for advance bookings, only to dip closer to departure.'
The presence of an engine maintenance, repair, and overhaul (MRO) facility in India could have prevented Go First airline from going "belly up", as sending engines abroad for servicing is not an efficient way to operate a carrier, Piyush Srivastava, senior economic advisor, Ministry of Civil Aviation, said in a statement on Tuesday. On May 3, Go First suspended its flights and filed for insolvency, squarely blaming engine manufacturer Pratt & Whitney (PW) for its cash crunch. The airline claimed that about half of its 54 aircraft were grounded on May 3 due to a delay in the supply of engines by the US-based company. PW has denied the charges.
Loans for Indian airlines have dried up as banks have become cautious to lend to the sector.
In India, many players are in the throes of chaos and pain but at least one partnership -- Air Asia India -- that was fraying even before the pandemic now finds itself at breaking point, says Anjuli Bhargava.
Federation of Indian Airlines has appealed to DGCA to extend notice period of flyers from 6 months to a year
Say goodbye to train journeys as a surprisingly large number of low-cost airlines prepare to slug it out. Take the Rediff Business Quiz and find out how much you know about the new battle in the Indian skies.
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