Indian airline industry is expecting to prune its net losses to Rs 3,000-5,000 crore in this fiscal from an estimated Rs 17,000-17,500 crore in FY2023 on the back of improved yields and stable cost environment, credit ratings agency ICRA said on Tuesday. At the same time, ICRA also estimated that domestic air passenger traffic will expand by 8-13 per cent each in FY2024 and FY2025. The rating agency has also maintained its stable outlook on the industry in view of healthy passenger traffic growth, improved yields and a stable cost environment.
A 2019 investigation of Bombay Dyeing by market regulator Sebi has put a brake on the initial public offering process of sister company Go Air. The Wadia group-owned low cost airline had earlier planned to launch the IPO to raise Rs 3,600 crore by August, but may be forced to postpone it by a month or two as Sebi completes its investigation.
Airport sources said the last domestic flight to land was at 2033 IST.
The planes had come on the same runway during take-off from the airport. The DGCA has asked UAE's General Civil Aviation Authority (GCAA) to share its investigation report on this incident.
Newly released audios in the run-up to 10th anniversary of the 9/11 terrorist attacks in the United States offer a chilling glimpse of just how unprepared the country was for the air tragedy.
The 31-year-old captain has 6,000 flight hours and the co-pilot more than 5,000 flight hours, the statement said.
It offers a real opportunity for the flag carrier to compete on the world stage, backed by a leading conglomerate with deep pockets like the Tatas, observes Indrajit Gupta.
The Indian economy is likely to post better than anticipated growth in the second quarter (July-September) owing to robust urban consumption and expansion in services, a Business Standard analysis of high-frequency indicators showed. While gross domestic product growth in the September quarter is expected to come below the 7.8 per cent print in the June quarter due to a favourable base fading, analysts say the print will be much closer to 7 per cent than the 6.5 per cent anticipated earlier. While the Reserve Bank of India (RBI) had estimated 6.5 per cent growth for July-September, last month Governor Shaktikanta Das said the growth figure would surprise on the upside.
Travels to Gulf accounted for 40% of India's international air traffic in 2016.
Aircraft maker Airbus on Thursday announced awarding a contract to Indian company Dynamatic Technologies for manufacturing all the doors for its next-generation narrow body A220 planes, giving a boost to the 'Make in India' initiative. While financial details were not disclosed, Civil Aviation Minister Jyotiraditya Scindia said it is one of the single-largest export contracts for an Indian aerospace manufacturing company and emphasised that the country is becoming a destination for aircraft component manufacturing activities.
'The pilots and the ATC both did not follow the protocol'
Four persons were killed on the outskirts of Bangalore on Saturday when the private aircraft they were traveling in crashed into a coconut tree.
No domestic flights could take off or land from the Indira Gandhi International Airport due to low visibility.
Domestic air passenger volume spiked 70.46 per cent in October to 89.85 lakh over the same month of 2020, DGCA data showed on Thursday. The Indian carriers had flown 52.71 lakh passengers in October last year. It may be recalled that domestic traffic along with international flight services remained shut for two months until May 25, 2020, when scheduled air services were resumed in a graded manner.
National carrier Air India on Monday said it flew the "world's longest" all-women operated and supported flight from New Delhi to San Francisco.
After having slashed fares when his competitors increased them, low-cost carrier Air Deccan's chief G R Gopinath on Monday said the airline would increase the number of flights instead of fares to meet the passenger demand.
Scores of people scrambled for milk and food packets in flood-ravaged Vijayawada on Monday, and also complained about alleged government apathy towards their hardships in the past three days.
Officials also denied that security concern regarding construction of multi-level parking lot near the ATC tower was behind the idea to build control tower in Kalina
The financial downslide took its toll on the Indian aviation sector with the passenger traffic recording a negative growth rate of about eight per cent in the first half of this year.
Police personnel checked vehicles and conducted flag marches at various places in Punjab on Wednesday while central forces maintained a tight vigil in Tripura.
An Indigo flight from Bagdogra came close to a descending Air India plane over Bagdogra in West Bengal on Friday afternoon, raising the spectre of a collision and giving scare to about 250 passengers on board the two aircraft.
Dense fog since Friday night brought down visibility in Delhi to about 10 metres.
The national capital has been witnessing an incessant spell of light to moderate rain for the past two days.
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 banned Baloch Liberation Army (BLA) claimed responsibility for the attack, saying the blast was a suicide attack targeting a convoy of Chinese engineers and investors leaving the Jinnah International Airport.
The expansion of existing airports and development of new airports will continue expeditiously, Finance Minister Nirmala Sitharaman said on Thursday and emphasised that the country's aviation sector has been galvanised in the past 10 years.
As part of the celebrations, Govindas or Dahi Handi participants form multi-tiered human pyramids to break 'Dahi Handis' (claypots filled with curd) suspended in mid-air.
'Whether I am optimistic or pessimistic is not the issue; I am just going by the evidence available.' 'The Indian economy and financial sector are now well-placed and very resilient in dealing with any kind of spillover coming from the external world.'
Police said there were intelligence inputs that attempts would be made to trigger violence during the match, because of which it was cancelled.
With better utilisation of slots, foreign flying rights, and greater international connections, the operator of India's largest airport feels a privatised Air India will bring commercial benefit to Delhi airport and help it revive quicker from the pandemic shock. Delhi is the largest hub for Air India, with most of its long-haul flights to the US and Europe being operated from here. The airport plans to give its most modern terminal 3 (T3) exclusively to the Tata Group.
'Crores of rupees have been spent on paper but nothing has actually happened on the ground.'
The overall Air Quality Index (AQI) of Delhi stood at 398 at 11 am, worsening from 357 at 4 pm on Friday. It was 354 on Thursday, 271 on Wednesday, 302 on Tuesday and 312 on Monday (Diwali).
Srinagar recorded the maximum temperature of 35.6 degrees Celsius on Wednesday, the highest temperature in the month of July in 25 years since 1999 when the mercury had settled at 37 degrees Celsius, the officials said.
Ten to 20 days of heatwave are expected against the normal of four to eight days in the entire April-June period.
The Directorate General of Civil Aviation (DGCA) has released a draft procedure that calls for testing pilots, other aviation personnel and crew members for psychoactive substances before they take to the skies. The Indian civil aviation regulator has sought comments from stakeholders over the next 30 days before issuing a regulation to this effect. Asking airlines and airports to do random checks on crew and air traffic controllers, DGCA proposed that violators be suspended for a minimum of three years or their licence be permanently cancelled as maximum punishment.
The Directorate General of Civil Aviation (DGCA) is probing the incident of an Air India flight, AI 123, from New Delhi to Rome losing radio contact over Italy on October 16.
An AirAsia flight from Indonesia to Singapore with 162 people aboard reportedly went missing on Sunday morning after losing contact with air traffic controllers.
An Army helicopter crashed in a forested area in Jammu and Kashmir Kishtwar district on Thursday, officials said.
'When you are travelling in Mumbai when the air quality is bad, you feel suffocated.' 'You may feel uncomfortable breathing Delhi air, but the level of discomfort is higher in Mumbai.'
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