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.
Cyclonic storm Fengal has commenced making landfall close to Puducherry and it may approximately take 4 hours for it to cross the coast completely, an India Meteorological Department (IMD) official said. The process of the cyclone's landfall commenced at about 5.30 pm on November 30. The IMD said the forward sector of spiral bands associated with the cyclone has entered into the land and is likely to move west-southwestwards and cross north Tamil Nadu-Puducherry coasts between Karaikal and Mahabalipuram close to Puducherry as a cyclonic storm with a wind speed of 70-80 kmph gusting to 90 kmph during next 3 to 4 hours.
From CEOs to RBI governors, cricket's rich imagery and strategy resonate deeply with leadership, uncertainty, and decision-making across industries and global diplomacy, points out Suveen Sinha.
A red-faced Pakistan International Airlines (PIA) was forced to issue a clarification on Friday after the State-owned carrier received much flak for its bizarre dress code for its cabin crew, instructing them that wearing undergarments underneath the uniform was a must.
The MoCA said on Twitter on Wednesday that it 'has designated all the airlines operating under Vande Bharat Mission & air transport bubble arrangements as designated agencies for this purpose'. 'Passengers may book tickets directly with the airlines concerned. They need not apply/register with the Ministry of Civil Aviation,' it added.
The aviation regulator DGCA said on Friday that it was extending the suspension of scheduled international passenger flights in the country till July 31 but added that some international scheduled services on selected routes may be permitted on a case to case basis. Scheduled international passenger flights were suspended in India on March 23 due to the coronavirus pandemic.
Indian Hotels reported strong consolidated revenue growth of 29 per cent year-on-year (Y-o-Y) in the third quarter of the current financial year (Q3FY25), led by revenue per available room, or RevPAR, growth of 15 per cent. The average room rate, or ARR, was up 13 per cent and occupancy improved 120 basis points (bps) Y-o-Y on a standalone business. Like-for-like revenue growth was 15 per cent Y-o-Y, while TajSats (airline catering) grew by 18 per cent Y-o-Y.
Akasa Air on Thursday announced an order for 150 Boeing 737 Max planes as the less than two-year old airline looks to expand its domestic and international operations. The latest order, comprising 737 Max 10 and 737 Max 8-200 jets, will provide the airline a steady aircraft delivery stream through 2032, cementing the company's domestic and international expansion plans, the airline said in a release.
On February 19, India's largest private low-fare airline IndiGo announced the resignation of one of the two founders, Rakesh Gangwal, from the airline's board and his intentions of offloading his stake in the airline over the next five years. The announcement came on a Friday, giving the stock markets the weekend to absorb the news but the markets registered a tepid response on Monday's opening. In contrast, in July 2019, when the fight between the two founders and erstwhile friends first became public, the markets reacted savagely. The IndiGo scrip at the time fell 19 per cent, wiping out millions of rupees of shareholder wealth before bouncing back. For readers who may be hazy on the details of the dispute, here is the context.
Malaysia Airlines flies to Delhi, Bangalore, Chennai, Mumbai, Hyderabad and Kochi.
Hit by the third wave of the COVID-19 pandemic and soaring fuel prices, airlines are flying towards record losses with a likely loss of a whopping Rs 20,000 crore for the full fiscal year, warns a report. The airlines are flying towards their steepest-ever net loss of over Rs 20,000 crore this fiscal, which will be 44 per cent more than Rs 13,853 crore they bled last fiscal, Crisil said in a report. This will push back the industry's recovery beyond fiscal 2023, the report based on three large listed airlines--Indigo, Spicejet, and Air India--which together command 75 per cent of the domestic traffic, warned.
Discontent has been brewing among a section of the cabin crew at the low-cost carrier for some time now, especially after the start of the process of merger of AIX Connect, formerly AirAsia India, with itself.
Within two weeks of many airlines deciding to roll back salary cuts encouraged by a steady increase in traffic flow, a second wave of coronavirus along with rules of compulsory RT-PCR test has hit forward bookings. The fears of last summer, when the pandemic had overturned all the wisdom of airline boardrooms, have returned to haunt the aviation industry. According to an official in the Ministry of Civil Aviation, flight occupancy is down to 60 per cent from 70 per cent in the first week of March. Airline lobby group IATA estimates that low cost airlines need to fly at 80 per cent occupancy to be profitable.
The government on Wednesday issued new guidelines for international arrivals amid the spread of mutant variants of coronavirus in many countries.
As fliers find themselves spoilt for choice, airlines are looking at ways in which to position themselves distinctively.
With fewer passengers airlines bracing for a rise in operating costs due to a spike in crude prices
The move by four airlines -- IndiGo, Air India, SpiceJet and GoAir -- to suspend the stand-up comedian raises fears that the government can use the no-fly list to settle political scores, undermine the freedom of citizens.
Unprecedented bribery charges, farewells, separation, failed union, monumental mergers and record-breaking IPOs, along with a healthy dose of online happenings in the form of spat and lessons in customer care, corporate India saw it all in 2024.
India has formed air-bubble pacts with around 28 countries, including the United States, the United Kingdom. the United Arab Emirates, Kenya, Bhutan and France.
A Delhi-bound Air India flight had to abort its take-off and was later cancelled after it hit a luggage tractor trolley while taxiing for departure at the Pune airport, airline sources said on Friday.
Five decades ago, 87 plane crashes took away the lives of 1,597 people.
Key stimuli of the government's relief package will be a tax break on jet fuel, waiver of parking and landing charges at airports for the next six months and deferment of payment to oil companies by three months.
Angira wraps a shoot... Aahana salutes the jawans... Sonal takes a walk in Texas...
Cyclone Fengal expected to make landfall near Puducherry.
The airline confirmed that there were injuries onboard, and stated that all "possible assistance" will be provided to the passengers on the aircraft.
Petrol and diesel price on Sunday was hiked again by 35 paise a litre and the auto fuels now cost a third more than the rate at which ATF is sold to airlines. The fourth straight day of 35 paise per litre hike sent petrol and diesel rates to record highs across the country. The price of petrol in Delhi rose to its highest-ever level of Rs 105.84 a litre and Rs 111.77 per litre in Mumbai, according to a price notification of state-owned fuel retailers.
The airline informed the ministry that it would operate 75 planes by April-end.
The coronavirus-induced suspension of scheduled international passenger flights has been extended till July 31, aviation regulator Directorate General of Civil Aviation said.
A right-wing group on Thursday vandalised the office of Pakistan International Airlines in New Delhi prompting Islamabad to take up the issue with the ministry of external affairs.
The government has decided to restart scheduled international flight services from March 27 after a two years hiatus due to COVID-19, according to civil aviation ministry officials.
Asian and Middle Eastern airlines -- but no Indian names -- dominated the Top 10 slots at the World Airline Awards.
The Delhi airport, the country's busiest airport, on Friday early morning witnessed the collapse of a roof at Terminal 1 amid heavy rains that killed one person, prompting the government to order a detailed probe and an inspection of the structural strength of all airports.
"The strategic divestment transaction of Air India successfully concluded today with transfer of 100 per cent shares of Air India to M/s Talace Pvt Ltd along with management control," DIPAM secretary Tuhin Kanta Pandey said in a tweet. A new board, led by the strategic partner, takes charge of Air India, he added.
Indian airline companies are likely to announce the suspension of flight operations to and from Tel Aviv, Israel, amid rising tensions between Iran and Israel.
At least 100 flights were delayed and a few were cancelled due to low visibility at the Indira Gandhi International Airport in Delhi on Friday.
India has formed air bubble pacts with around 27 countries including the US, the UAE, Kenya, Bhutan and France. Under an air bubble pact between two countries, special international flights can be operated by their airlines between their territories.
Both parties will discuss the issues and there will be a meeting again on May 28, he said.
The pilot of the aircraft informed the ATC about the threat after a 'Bomb in flight' message, written on a tissue paper, was found in the washroom of the plane, they said.
