In further easing of restrictions, the government on Wednesday permitted Indian airlines to increase the number of domestic passenger flights to 60 per cent of their pre-Covid services, according to an official order.
For any airline to be eligible for restructuring, the current ratio has to be equal to or higher than 0.4, while 'debt to Ebitda' has to be equal to or less than 5.5.
New airline Akasa Air on Thursday took delivery of the first 737 Max aircraft from Boeing in Seattle, USA, a statement said.
Shares of low-cost airline IndiGo hit record high on the bourses soon after reports of pilot crisis at Vistara emerged. The development also saw airfares surge by around 25 per cent on select routes. Shares of IndiGo hit a lifetime high of ~3,68.5 on April 2, 2024, and has gained 2.4 per cent on the bourses in April.
Out of 24,230 IIT and NIT grads, about 8,000 students didn't find any takers during campus placement drives this year.
Airbus will increase sourcing of components from India, which offers plenty of opportunities, according to the aircraft maker's CEO Guillaume Faury. The European major, which has bagged huge aircraft orders from IndiGo and Air India, doubled its sourcing of components and services from India to 1 billion euros during the period from 2019-2023, he said.
Four French judges earlier in the day began questioning the passengers detained by the French authorities at Vatry airport, 150 km east of Paris, since Thursday over suspected "human trafficking".
Etihad, Emirates and Qatar Airways have combined hired more than 100 Indian pilots in the last six months.
IndiGo share price today: IndiGo share price fell as much as 4.8 per cent to a low of Rs 4,275 per share on the BSE in Monday's intraday trade as investors booked profit in the stock post a its April-June quarter (Q1) results for financial year 2024-25 (FY25). The stock ended 1.36 per cent lower at Rs 4,430 as against a 23-points gain in the benchmark BSE Sensex. The selling also got exacerbated as the management commentary, post Q1FY25 results, highlighted that inflationary pressure could likely dent July-September (Q2FY25) performance.
Experts said the risks associated with the Indian Experts say that aviation sector would keep investors away from airline stocks.
Long-term macro trends indicate growth in demand for air travel. Trends from the ticketing website MakeMyTrip indicate a likely annual growth of between 11-17 per cent in Indian air travel demand over FY24-30. Through that period, InterGlobe Aviation or IndiGo may continue to make gains in market share in both domestic and international travel, aided by large fleet additions. IndiGo is the largest global customer of Airbus by far with 950 aircraft orders outstanding.
Every year has its share of duds and turkeys. 2024 was no different except that even the rotten ones are too drab to have any real offence value.
'As a child, I didn't even know that he was an IPS officer... It was much later when I came back to India'
Domestic air passenger traffic grew 5.1 per cent year-on-year to an estimated 138.9 million in May and was significantly higher by around 14 per cent than pre-Covid levels, credit ratings agency Icra said on Thursday. Icra also said the outlook on the Indian aviation industry is stable amid the continued recovery in domestic and international air passenger traffic with a relatively stable cost environment and expectations of the trend continuing in FY2025.
Aircraft lease rentals are fixed costs and account for around 15 per cent of an airline's expense and since these are paid in dollars are also subject to currency fluctuations.
The Cyberster is currently sold in the UK for about Rs 63 lakh and is expected to be priced between Rs 65 lakh and Rs 70 lakhs.
Unlike some US airlines, Indian carriers are not planning to charge services like baggage handling to beef up their bottomlines, which is hit by a steep hike in fuel prices, but would prefer to keep the options open.The issue came to the fore following a decision by American Airline to impose a $25-15 charge for baggage handling, as the US carriers buckled under steep hike in fuel prices.
Life of air passengers was different in the 1970s.
Air India will be commencing its scheduled operations -- two daily flights from the national capital -- to Dhaka on Wednesday.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
As Prabhakaran was leaving his house, Rajiv Gandhi called his son Rahul and asked him to fetch his (Gandhi's) bulletproof jacket. He put the jacket on Prabhakaran's back and remarked with his usual charming smile: "Take care of yourself."
Indicating its intentions to fly abroad very soon, proposed airline AirAsia India on Wednesday trashed the "bizarre" policy of allowing carriers to operate international flights only after five years of domestic operations.
Uzbekistan lives comfortably in several centuries but is also a forward-looking nation, Deepa Gahlot discovers on a visit to this Central Asian country.
Travelling from South India to Kashmir in December was magical for Ganesh Nadar as he feasted his eyes on the beauty of the snow-capped Himalayas.
The Indian government allowed foreign airlines to buy up to 49 per cent stakes in Indian carriers in September 2012.
'He told me he was very happy to see the realistic portrayal of the cockpit too.' 'His wife told me that I carried the same kind of personality as her husband in my performance.'
Aviation Working Group (AWG), a global aviation leasing body comprising major planemakers and lessors, on Monday further downgraded India as lessors have not been able to repossess their planes from Go First more than four months after the airline filed for insolvency. The leasing cost stands as a prominent expense for Indian airlines. With AWG's downgrade, it is likely that lessors will increase the aircraft leasing rates for Indian carriers.
The increase in prices of jet fuel by about nine per cent would put an additional burden of Rs 550 crore (Rs 5.5 billion) on national carrier Indian and the airline has asked the government to consider levying a fuel surcharge on air travel or hiking
Pilots' bodies at Tata Group-owned Air India have accused the airline management of making unilaterally "rapid" and "regressive" changes in the service conditions of pilots. In a letter to Air India Chief Human Resources Officer Suresh Dutt Tripathi on Tuesday, Indian Pilots Guild (IPG) and Indian Commercial Pilots Association (ICPA) also stated that "all unilateral violations of their rights and service agreements are creating industrial unrest and shattering employee confidence in the current management". The communication comes amid Air India reducing drastically the annual limit of privilege leave accumulation to 60 days from 300 days earlier, as per a source.
Pressured by low-cost carriers, the Federation of Indian Airlines has called off its decision to suspend domestic operations on August 18, two days after it was announced.
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.
This means a passenger flying between Delhi and Mumbai will now know that the minimum fare in the route will be Rs 95 (as being charged by SpiceJet) and can go up to a maximum of Rs 22,800 (as being levied by GoAir), plus around Rs 3,000 as components like passenger fees.
With the government intending to take Air India and Indian Airlines to the stock market, investors will have wider choice for the shares in the sector, which otherwise is constrained by demand-supply mismatch due to the presence of only five small ai
Typically, airlines offer discounts to companies committing a fixed business during the year.
Indian airline Go First is considering legal action against Pratt and Whitney (PW) for failing to provide compensation after March 2020 for planes grounded due to engine supply delays, sources said on Thursday. About 90 per cent of the airline's fleet of aircraft uses PW engines. About 24 of the airline's 55 planes are grounded due to delays in engine supply by PW.
Liquor baron Vijay Mallya-promoted Kingfisher Airlines has become the first private airline in the country to get Category III certification from the Directorate General of Civil Aviation.
Notwithstanding the sweltering heat engulfing major cities, travellers can find solace in the steady airfares to popular summer destinations like Srinagar, Bagdogra, and Kochi. According to airline executives, capacity increases and moderate demand have kept spot airfares from scorching cities like Delhi on a par with the same period last year.
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