Nearly 200 of the 789 aircraft of Indian carriers are expected to be grounded by the end of March due to ongoing supply chain issues, according to the report released on Monday by CAPA India. At present, 161-166 aircraft are grounded. "More aircraft will be on the ground than expected due to serious supply chain issues, which were supposed to improve but actually deteriorated," it noted.
Airfares have nearly doubled in a matter of days on routes hit by the cancellation of 200 weekly flights linking Mumbai airport to 12 cities. The fares have soared as high as 193 per cent following a recent government order to cancel flights to ease "persistent congestion" that was causing delays. Aside from the reduction in flights on 12 routes, two destinations - Hubli and Jabalpur - have lost connectivity with Mumbai since last week, according to aviation analytics firm Cirium's data reviewed
The introduction of these new flights would help IndiGo cross 650 flights mark as the it would offer a total of 671 flights per day connecting 39 destinations.
IndiGo's president and director Aditya Ghosh apologised for the incident and said stern action was taken against an airline staff for manhandling the passenger.
The carrier said for domestic flights the fees for cancellation and changes would now be Rs 3,500 and Rs 3,000 respectively, if it was done within three days of the flight's departure. Before this announcement, IndiGo charged a flat rate of Rs 3,000 and Rs 2,500 for cancellation and detail changes on domestic tickets.
From steel tycoon Lakshmi Mittal to billionaire Sunil Bharti Mittal's Airtel, Anil Agarwal's Vedanta, ITC, Mahindra and Mahindra, and a lesser-known Future Gaming and Hotel Services were among the prominent buyers of the now-scrapped electoral bonds for making political donations.
Equity trading volumes, both in the cash and derivatives segments, dropped in March amid wild swings in stock prices. The average daily trading volume for the cash segment (National Stock Exchange, or NSE, and BSE combined) fell by 16.3 per cent to Rs 1.07 trillion - the lowest since November 2023. Market players said the drop could have been sharper if not for the large block deals in companies such as ITC, Tata Consultancy Services, and IndiGo seen during the month.
The founders of IndiGo may have thought it's time to go for a rejig of the top leadership team which can take care of the growing demands of an airline that has grown much bigger than they could have ever imagined, says Shyamal Majumdar.
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.
The winners of Pink Lady Food Photographer of the Year 2024 have been revealed.
Aditya Ghosh, with no prior aviation background or MBA degree, managed not only to become the CEO of an airline but even piloted it to the top with almost half of the market.
Sources in the government said the roof that collapsed at T1 was constructed during 2008-09 and that the work was contracted out by GMR to private contractors.
'This trend will continue as long as the bull run continues.'
Gangwal said he will not vote in favour of resolutions that intend to expand the size of the board to 10 members. Gangwal wants a seven-member board.
An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation).
People in the know said the move would impact around 110 engines, virtually putting a spanner on the expansion plans of IndiGo - counted among the fastest growing airlines in the world.
The safety and security of citizens is primary for the government, he said.
Given its network and fleet, it has garnered the highest share of passenger growth.
The aircraft was taken to an isolated bay for a secondary ladder point check after a Bomb Threat Assessment Committee (BTAC) found the threat as 'specific', the sources said.
Despite having started at least a decade later than Jet Airways, IndiGo accounts for the lion's share in the domestic market
Rupesh Kumar Singh, 40, was sprayed with bullets while he was inside his SUV waiting for the gates of his residence in Punaichak locality in the city to open after his return from office on Tuesday evening.
With this, the biggest buyer of Airbus SE A320neo planes seems to be moving away from Pratt & Whitney engines, which have been experiencing glitches. CFM International will deliver the first engine by 2020.
Initially, starting with a slightly curtailed capacity, the airline will increase the operating capacity over the subsequent months, also reopening selected international flights, depending on the existing international travel guidelines: IndiGo.
IndiGo is facing acute shortage of commanders amid aggressive expansion of its fleet. The carrier has more than 210 planes in its fleet.
The cancelled flights account for almost 10 per cent of the airline's operations
The pilot wrote in his letter to airline's management that he was 'disheartened' to learn the carrier took action against the comedian without consulting him and solely on the basis of social media posts.
'We have seen some videos wherein mediapersons are standing too close to each other in the 6E264 flight on Wednesday. It seems to be a violation of safety and social distancing protocols'
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
The phenomenon of fog is largely Delhi-centric. 'Airlines may think that we only have conditions of extreme fog on a few days every year, and spending a pilot's time and the airline's money on training can add up to its expenses.' 'So, they may prefer holding it for a few days.'
Mayank Agarwal is believed to be out of danger after drinking liquid from a pouch, which he thought was water and was kept on his seat as he was on board with IndiGo airlines
Dutta was president of United Airlines, where he worked for nearly twenty years. He also served as the president of Air Sahara for two years. Moreover, he was an advisor to the restructuring of both Air Canada and US Airways.
This is a setback for the divestment process of Air India as no other Indian airline has the capability to fund the process
IndiGo is providing digital solutions to everyday problems, attracting customers to digital platforms and engaging start-ups to find solutions
At present, six A320 Neo of IndiGo & GoAir are grounded waiting for engine replacement
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.
IndiGo on Friday said it will not charge any fees to change time or date on domestic tickets that are booked between April 17 and April 30.
Air India (AI)'s rise could be at the expense of three "super-connector" hubs - Doha in Qatar, and Dubai and Abu Dhabi in the UAE - as the Indian passenger would any day prefer direct flights of their national airline that is providing excellent on-time service, Arved von zur Muehlen, chief commercial officer of Saudia Airlines, said on Thursday.
DGCA has also permitted the airline to deploy newly-inducted planes for capacity expansion.
The IAF pilots, who are middle-aged, are willing to fly any number of hours, as they are keen to make quick money before they retire
The plan is to charge 30 per cent less. Travel sector executives say if IndiGo is able to do so, it could create a new class of flyers.
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