Domestic air traffic grew by over 18 per cent last month compared to October last year as Air India's passenger load factor overshot that of IndiGo which had the largest number of flight cancellations, official data showed on Monday.
In contrast to its global peers, a lion's share of Delhi airport's growth came from domestic flyers, which, at 46.6 million, makes up for 73 per cent of the total number of passengers.
no flight will depart or arrive at the Kolkata airport between 9.30 pm of May 3 and 6 pm of May 4
Private equity investors are in talks with the Wadias for acquiring minority stake in GoAir.
The company, which will be first direct flight between Chandigarh and Bengaluru, will offer ticket at a minimum rate of Rs 1,900 inclusive of all taxes.
Tata Sons and Singapore Airlines (SIA), which recently received a no-objection certificate from the ministry of civil aviation to start a full-service airline (Tata-SIA Airlines), are in the process of securing an import licence for 20 Airbus A320 aircraft.
Salt-to-software conglomerate Tata group was among "multiple" entities who on Monday put in preliminary bids for buying the government's stake in loss-making carrier Air India.
No-frills carrier AirAsia India on Monday offered rock-bottom fares, starting at as low as Rs 1,299 for domestic flights, as part of the parent AirAsia's global sale offer for a limited period.
Faced with stiff competition from airlines, the railways is introducing in-flight entertainment and food from five-star hotels with options for dishes in selected trains like Rajdhani and Shatabdi Express.
An unprecedented decision to form a ministerial-level committee was driven by fears of witch-hunt by investigating agencies.
As full-service carriers hiked fares and surcharges due to skyrocketing jet fuel prices, the no-frill ones have launched special offers with SpiceJet on Thursday announcing the sale of three lakh tickets for Rs 3 each plus taxes and surcharge from Friday.
Rising crude oil prices and muted passenger traffic in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24) have raised concerns about the profitability of listed aviation players. These two concerns have caused the stock of InterGlobe Aviation (IndiGo), the largest player in the sector, to slip by 11 per cent since its highs at the end of July. Nuvama Research expects yields to cool down in the near term due to seasonality, rising crude oil prices, and higher capacity.
IndiGo's passenger load factor, at 67% in July, fell six percentage points from the same month last year.
The national carrier's market share has declined from a near-monopoly to 16.6 per cent as of September 2014.
Air Arabia said it has been granted rights to fly daily to Mumbai from the middle of next month.
The Civil Aviation Ministry is looking to increase air seat entitlement to Dubai by 20%.
In a move that signals a fresh round of consolidation in the recession-hit aviation industry, budget carrier SpiceJet may pick 7.5 per cent stake in another low-cost airline IndiGo.
Air-India is planning to acquire six long-range aircraft on lease to meet its route expansion demand. The national carrier will also acquire three more aircraft on lease for its low cost airline Air-India Express.
Taking on competition from no-frill carriers, Jet Airways on Saturday launched a week-long sale of seven lakh low-fare domestic air tickets to attract air travellers who could use them to fly from August 10 onwards.
IndiGo will add Nagpur to its flight map from October 20 with daily flight to Mumbai and Kolkata.
Low cost start-up carrier IndiGo is set to take off in August and the carrier aims to break even within 18 months of its flights being operational.
Low cost airline SpiceJet, on Saturday said it has placed orders for 10 more Boeing 737-800 aircraft with Boeing, and the first one would join the existing fleet of five aircraft, by February 2006.
State-run Air-India will lease 14 Boeing aircraft to launch a no-frills airline that will slash passengers' fares by 25 per cent, an airline official said.\n\n\n\n
Air India Express, the low-cost subsidiary of Air India, would pay an annual royalty to the parent company after it starts operations to the Gulf next month end.
Unplanned, last-minute pricing is hurting the aviation sector, as is evident from the balance sheets of Indian carriers
India's biggest airline IndiGo is set to file the prospectus next week for a domestic stock market listing.
Strikes by pilots have already cost Lufthansa 130 million euros so far this year.
Due to the group's presence across multiple businesses, it is in a unique position in the aviation industry to bring the best of talents.
Another reason working in Air India's favour now is the government's plan to clean up part of the airline's burgeoning debt from its books - a major deterrent for investors when it attempted divestment the previous time.
It is the seventh reduction in jet fuel rates since August
The airline has been defaulting on salaries for some time, making partial payments in some cases or not paying at all, as it continues to lose money mainly in domestic routes where it can't raise fares facing competition from low-cost airlines.
"Financial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage," DIPAM Secretary Tuhin Kanta Pandey tweeted.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances