Both Jet Airways and Go First have met with a similar fate of landing up in insolvency, albeit for different reasons. Whether Go First will be able to avoid the sharp erosion in value like in the case of Jet, experts say, will depend on how quickly it is able to restart operations and retain its slots at airports. Go First, owned by the Wadia group, filed for voluntary corporate insolvency resolution on May 2 due to inadequate capacity utilisation that led to a cash crunch.
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Former Air India Executive Director Jitender Bhargava filed the appeal challenging the decision of the Competition Commission of India to clear the Jet-Etihad deal without carrying out a detailed assessment.
International and Indian airlines are refusing to refund cash and giving credit that can be used later.
This decline occurred even when the global passenger demand rose 3.7 per cent compared to February last year.
There were nearly 4,000 cabin crew with Jet when the airline was grounded; every fifth remains without a job to date. One cabin crew member with 10 years of experience has been forced to take up a teaching job; some have branched out into small businesses. Aviation jobs were scarce even before the Covid-19 pandemic arrived on Indian shores in early 2020. The situation has been exacerbated since.
A loss of revenue from liquor sales will have to be compensated through increased landing and parking charges on airlines, which, in turn, will pass on the cost to flyers.
Apart from India, only two other countries - Russia (15.5 per cent) and China (14.9 per cent) clocked double digit growth in November
Like Air India, there have been recent cyber attacks on some major airlines, including one in Canada, and a global airlines alliance
IndiGo, India's largest airline, is in talks to raise fresh funds as a second wave of pandemic has led to collapse in travel demand. The airline may look to raise Rs 3,500-4,000 crore. On Monday, only 97,761 passengers flew. With flyers cancelling bookings, airlines had to put aside flights and operated only 1,306 of them.
Nengroo is the fifth individual to have been designated as a terrorist by the Centre in the last fortnight.
India to become 3rd largest aviation market by 2026.
Currently, airlines are required to pay compensation of Rs 5,000-10,000 to a passenger, in addition to a ticket refund in case of flight cancellation. Soon, all that may change. However, compensation is payable if the airline does not give advance intimation to a passenger, which is at least 24 hours before departure.
Ahead of two crucial audits, the Ministry of Civil Aviation (MoCA) has proposed to allow deputy director generals (DGs) and officers of Indian Air Force (IAF) to apply for the post of chief of India's aviation regulator. The current head of the Directorate General of Civil Aviation (DGCA), Arun Kumar, has been promoted as secretary and is expected to move out some time soon. DGCA has four Deputy DGs with experience in different fields of aviation.
This was achieved despite falling tourist arrivals post Babri Masjid demolition in December 1992.
The sudden massive cancellations of Jet have put travel agents and customers in jeopardy
Air India announced up to 50 per cent reduction in monthly allowances of its employees, who have a gross monthly salary of more than Rs 25,000.
Riding high on the aviation boom, India has built 17 international airports.
It is Air India's only profitable subsidiary. In 2016-17, it clocked a profit of over Rs 33.4 crore, earning Rs 620 crore in revenues from its handling operations.
"Unless he tenders an unconditional apology to AI employees, and undertakes in writing to abide by the Chicago and Tokyo Conventions & Rules of the Air and follow all cabin safety and public behaviour norms, we must not let him on board," says the letter.
The airline will fly the A320s between the Tier-II and Tier-III cities.
DGCA's move seeks to ban perfumes for pilots as they have alcohol and can affect the results of breathanalyser tests. But the FAA and EASA have different standards, says senior journalist Shobha John.
With passengers flying Indian skies getting more and more unruly, day by day, airlines are forced to stock rope and handcuffs on board and use them as they did the other day on a Dubai-Delhi flight.
Gul is the sixth individual to have been designated as a terrorist by the Centre in the last fortnight.
Online travel portals have seen a surge in bookings aided by several rounds of discount offers and a strong demand over the festival weekend.
With respect to the cancelled flights, customers can opt for a full refund or alternative travel dates free of cost.
India's Rs 4.5-trillion fast-moving consumer goods (FMCG) sector was one of the first to bounce back from the lockdown induced blues, reporting a year-on-year (YoY) growth in the October-December quarter last year. That said, the overall consumption figures continue to remain depressed. The FMCG market, which includes daily consumables like branded atta, hand sanitizers, edible oils, shampoos, razors, and so on, recorded 7.3 per cent value growth during the period, while the smartphone market grew by 21 per cent.
In 2015, India's domestic aviation market clocked 81 million flights.
It was supposed to be a happy journey to London, one that the Imam family had been planning for the past two months. Everything was set - except the visa, which did not arrive in time for one of its members. "Visa was the villain...As a consequence, half of the family of four will be in London today and the other half at home in India and the US, respectively," Sanjar Imam, director of travel firm Panache World, wrote in a Facebook post on Sunday.
A new rule has been drafted by aviation regulator Directorate General of Civil Aviation formally empowering the pilot-in-command of all flights to take suitable action to prevent such commotion which could endanger safety of the flight or passengers or crew members.
The ministry of civil aviation has recommended three levels of unruly behaviour by passengers, each with a different duration of ban on flying.
The unions opposed any move to force banks to lend more money to the airline, saying Naresh Goyal is still the promoter and major shareholder with 51 per cent stake and it is his headache to run the company or sell it to someone.
The airline has failed to address fliers' fears and has been opaque about the allegations of tax and financial fraud, giving rise to apprehension that Jet Airways may be headed the Kingfisher way.
Falling jet fuel prices and a revival in domestic traffic growth offer the new CMD a once in a lifetime opportunity.
The tally of 114 includes two fatalities and 17 foreigners as well as 13 people who were discharged after they recovered from the infection.
Apart from Delhi, Mumbai and Chennai, the codeshare agreement with Lufthansa will cover Ahmedabad, Bengaluru, Goa, Hyderabad, Kolkata, Kochi and Pune.
Several companies and technology heavyweights including Microsoft, Oracle and Salesforce are working to create a digital vaccination passport or health passport app in the hope that governments and airlines will require travellers to upload details of their Covid-19 tests and immunisation. The vaccine passport will effectively create digital credentials that could be the key to attending crowded events or even visiting countries.
Prime Minister Narendra Modi announced the launch of the new flight at the SAP center cheering up thousands of Indians.
Tata-SIA will kick off with full-service domestic operations.
The ban on Gaikwad was revoked last Friday after a letter from the ministry of civil aviation "advised" it to do so.
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