Various airlines, including the defunct Kingfisher, owed Rs 3,030 crore (Rs 30.30 billion) to the Airports Authority of India (AAI) at the end of December last year.
The Delhi high court on Thursday dismissed BJP leader Subramanian Swamy's plea seeking to set aside the Air India divestment process on the allegation that the methodology adopted by the government in the valuation of the national carrier was "arbitrary, illegal and against public interest". The order was passed by a bench of Chief Justice D N Patel and Justice Jyoti Singh. The court said a detailed order will be uploaded. "Dr. Subramanian Swamy, sir we are dismissing this matter...," the bench said.
An average Indian couple spends around 2x on weddings versus education (pre-primary to graduation).
Strong passenger growth will help domestic airlines improve their top line and margins.
Budget carrier IndiGo continued to be the largest player with a market share of 46.9 per cent ferrying 54 lakh passengers in March.
Private sector low cost airline SpiceJet has entered into a strategic tie-up with Hindustan Petroleum Corp Ltd to sell air-tickets through the latter's petrol stations.
It dismissed reports suggesting a stake sale as 'baseless'.
The airlines have waived charges for transport of relief cargo to Chennai.
The aircraft, which has been grounded since March following two fatal crashes which killed 346 on board, is crucial to Indian low-cost airline SpiceJet's fortune, which has up to 205 aircraft on order. With the grounding, the airline's capacity expansion plan is suffering.
Airlines sought a limited period concession of the standing rule of slot allocation, which mandates that firms must operate at least 80 per cent of their allocated slots.
The airline owes lakhs of rupees to passengers and its vendors.
In a rare move, the DGCA has filed a police complaint against 34 pilots of Jet Airways, IndiGo, SpiceJet and GoAir.
A video on Twitter showed one of the plane's engines on fire and sparks flying at the time of taxiing at the airport.
Fierce competition among airline firms has long limited price increases despite crippling operating costs
Low-cost carrier SpiceJet on Friday announced the launch of its Delhi-Kolkata daily service from November 6 with a new Boeing 737-800 aircraft at substantially low fares.
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.
Agra, Shimla, Nanded, Kanpur and Jamshedpur are among the many airports that would see connectivity under Udan.
The country's largest airline IndiGo and Air India have asked passengers to reach Delhi airport at least 3.5 hours prior to domestic departures.
For Air India and Jet Airways, airspace closure over Pakistan would mean flights to US and Europe will have to take a longer route.
Companies across the sector are restructuring payrolls of crew, cutting allowances, and extending leave without pay duration as they realise they will have more aircraft and employees compared to customers.
Civil aviation ministry to monitor flash sales and discount schemes: Source
SpiceJet has launched its Mega Monsoon Sale with special fares starting at Rs 99 on 23,000 promotional seats across 12 sectors.
Indian and global airlines such as SpiceJet, Emirates, Virgin Atlantic among others too are marketing Covid-19 insurance products to attract passengers.
FIA is a body of four established domestic private airlines -- Jet Airways, IndiGo, SpiceJet and GoAir.
Naresh Goyal only gave an undertaking not to sell any of his 51% stake in return for raising working capital debt from PNB.
DGCA report shows IndiGo's continued dominance in market share with 30.7%, followed by SpiceJet at 20.9%.
This is the third instance in the last three days when the aviation regulator grounded a plane after an incident.
Domestic airlines are preparing to offer lower fares for passengers without check-in bags in a move to improve seat occupancy and market share. IndiGo chief executive officer Ronojoy Dutta indicated the airline's interest to offer zero bag fares in an interaction with Bloomberg. Regulatory caps on fares and capacity related to Covid-19 have prevented IndiGo from taking a decision and the airline is discussing the issue with the government, he said.
With airlines reporting multiple technical malfunction incidents, aviation regulator DGCA on Monday said it conducted spot checks and found that there is an insufficient number of engineering personnel certifying planes of various carriers before their departure. Before each departure, an aircraft is checked and certified by an aircraft maintenance engineer (AME). The DGCA has now issued guidelines for airlines on the deployment of AME personnel and directed them to comply by July 28.
The Jet Airways of old is no more and the industry mourns its demise. Anjuli Bhargava reports.
Some aircraft technicians at IndiGo are on sick leave since Friday demanding a revision in salaries. The protest comes days after the airline partially restored salaries of its pilots and cabin crew and made changes to its human resource (HR) policies. Some technicians in Hyderabad reported sick on Friday night while those from other bases skipped work on Sunday demanding a revision in salary, an industry source said.
'The need for added safety has bolstered demand for charter flights in the last year and is expected to continue.'
Air India Express along with SpiceJet and Jet Airways is one of the three main targets for Boeing in the country as it promotes its new 737 MAX aircraft, which is scheduled to enter commercial operations in 2017.
In December 2010, the price of the fuel in Delhi was Rs 45,240 a kilolitre.
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.
Maran's penchant for taking risks was visible last year again when he acquired Indian Premier League's Hyderabad cricket franchisee and named it Sun Risers.
Bids to be evaluated according to guidelines by the civil aviation ministry, following which a buyer will be selected. Transfer of control to the buyer to be effected by June-end.
The first hurdle is how long Jet Airways can enjoy rights over its parking slots at various airports.
IndiGo retained its No. 1 position amongst domestic airlines growing its market share.
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