With India going ahead with airport privatisation, a top global aviation official warned on Thursday that the worldwide experience was marred with 'very grave risks' and a tough regulator was essential to ensure proper functioning of private airports
The government has recently decided to infuse equity worth Rs 800 crore (Rs 8 billion) in the first tranche into Air India, which has a paid-up equity base of just Rs 145 crore but has ordered aircraft worth Rs 40,000 crore (Rs 400 billion).
In India currently, Air India, Jet Airways and its subsidiary JetLite are members of the IOSA and conform to the safety standards set by this audit on a regular basis.
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.
International and Indian airlines are refusing to refund cash and giving credit that can be used later.
With respect to the cancelled flights, customers can opt for a full refund or alternative travel dates free of cost.
Given all the risks in the world today, including the political instability, economic uncertainty, public health emergence and terrorism, there is not much buffer to absorb a significant change for the worse in the operating environment
India's domestic air travel market would be among the top five globally, experiencing the second highest growth rate in domestic passenger traffic after Kazakhstan but before China, IATA said.
Rising fuel prices, intense competition and inability to pass on spiralling expenses have been negatively impacting the domestic airlines.
Observing that India's airport regulator AERA allowed a whopping 346 per cent hike in Delhi airport charges, IATA Director General and CEO Tony Tyler said 'this is clearly unacceptable'.
The sudden massive cancellations of Jet have put travel agents and customers in jeopardy
IATA informed travel agents that they would have to remit the ticket sale proceeds to airlines every week.
Airlines in Asia-Pacific expected to post losses worth $1.1 billion out of a total industry loss of $8.3 billion next year.
Chief of Air Staff Air Chief Marshal VR Chaudhari and Air Marshal Manvendra Singh who headed the tri-service investigation into the crash apprised Defence Minister Rajnath Singh on the findings of the probe on Wednesday.
Travel agents in India on Monday demanded of 16 airlines that they reinstate commission following a Directorate General of Civil Aviation (DGCA) order to restore the system of paying travel agents a commission, a senior industry official said.
Made from Jatropha crop, the fuel has been developed by the CSIR-Indian Institute of Petroleum, Dehradun.
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.
Move aimed at forcing airlines to revoke decision to withdraw 5 per cent commission.
The airline industry will suffer a $2.5bn net loss next year despite the big fall in the oil price, as carriers are overtaken by falling demand for air travel amid the deepening recession in several leading economies.
After 18 months of closure, what really could be salvaged? And the answer sadly is, precious little, Patience, perseverance and plenty of moolah is the way forward even assuming intent is in place, says Anjuli Bhargava.
The airlines unilaterally withdrew the 5 per cent commission from November 1, citing the aviation meltdown and the need to conform to international practices. Instead the airlines have asked the agents to charge a transaction fee from customers, which they have refused to do.
In a circular, the DGCA said, "Crew should be well aware of the aircraft limitations and of takeoff/landing performance calculations during the adverse weather operations." The regulator also said that the airlines must "make available sufficiently experienced crew in the cockpit".
In 100 days from Friday, paper air tickets would be history as airlines across the world move to 100 per cent e-ticketing from June 1, 2008, a target many in the travel world initially thought would be difficult to meet.
High taxes on the jet fuel, which goes up as high as 40 per cent in some states, coupled with higher airport charges in the form of user development and airport development fee, which have cascading effect on the air fares, have had a negative impact on the domestic passenger demand in India.
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.
Mumbai airport is the largest gateway for movement of pharma and agro products in the country.
Adani group on Tuesday said it has taken over the management of Mumbai International airport from the GVK group. The group last August had announced that it would acquire GVK Group's stake in Mumbai airport. Adani group will have 74 per cent stake in Mumbai's Chhatrapati Shivaji Maharaj International Airport, post the stake purchase transaction, with 50.5 per cent being bought from GVK group and 23.5 per cent from minority partners including Airports Company South Africa (ACSA), and Bidvest Group, it had said.
Unfazed by the Supreme Court upholding winding up of the company, shareholders of Devas Multimedia will continue to seek seizure of Indian government assets abroad to collect $1.2 billion the firm has been awarded by arbitration tribunals for cancellation of a satellite deal but are open for talks to settle the issue, their counsel said. "The decision by the Supreme Court does not change anything. The Modi government and the Indian courts cannot rewrite the facts. "Their flimsy allegations of fraud will never stand up in courts outside of India," said Matthew D McGill, partner at Gibson, Dunn & Crutcher, and lead counsel for several Devas' shareholders.
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Premium passenger numbers rose 6.1 per cent in January, a strong result up on the growth of 4.2 per cent in the same month last year, according to the analysis of premium air traffic carried out by global airlines' body IATA.
Employees can be sent on LWP for six months or for a period of two years extendable up to five years, depending upon the following factors - suitability, efficiency, competence, quality of performance, health of the employee, instance of non-availability of the employee for duty in the past as a result of ill health or otherwise and redundancy.
The IATA suspended Kingfisher from its Geneva-based clearing house because of non-payment of dues to airline members.
Riding high on the aviation boom, India has built 17 international airports.
The overall domestic air travel markets expanded four per cent in 2012 compared to 2011.
Spring Travels chairman assures 'every thing will be fine next week'.
This decline occurred even when the global passenger demand rose 3.7 per cent compared to February last year.
International airlines are offering affected passengers an option of refund, vouchers, discounts on future bookings, and the opportunity to hold tickets for up to two years following travel bans.
According to a report by IATA, the market's load factor -- a measure of the amount of utilisation of the total available capacity of the aircraft -- stood at 75.9 per cent during the reported month.
Tony Tyler, director general and chief executive officer of the International Air Transport Association, a global industry trade body, says the European Union-Emission Trading Scheme is a regional programme, which cannot be imposed on the rest of ther world.
