The city's Chhatrapati Shivaji Maharaj International Airport (CSMIA) has decide to once again consolidate its flight operations to one terminal -- T2 -- from April 21 amid the rising number of Covid-19 cases in the city.
Hyderabad-based Turbo Megha Airways takes off, promising affordable fares and other benefits.
GoFirst, AirAsia India, Star Air and TruJet will resume all their domestic operations from Terminal 1 from October 20 midnight, the private airport operator said in a release.
Because of lack of pilots, airlines have been forced to cancel their flights and rework their schedules, constraining cash flows and delaying vendor payments.
Hyderabad-based Turbo Megha Airways became the fourth company to receive flying licence from aviation regulator DGCA in the past two years to launch a regional airline.
Green light likely for services on underserved routes between regular airports
While there is no concrete proposal as of now, possible options include raising funds through securitisation of ticket levy and reduction in number of subsidised seats on routes with higher demand.
As fliers find themselves spoilt for choice, airlines are looking at ways in which to position themselves distinctively.
No-frills carrier IndiGo's market share stood at 36.8 per cent in February while that of Jet Airways was 18.4 per cent.
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.
The fare for the inaugural flight is Rs 1 and the tariff for the first three months is Rs 999.
A total 34 aircraft of various airlines were stranded at the airport due to the flooding caused by torrential rains.
According to latest data, new airlines have a combined market share of 5.4 per cent.
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This is the first time in the history of the airport operator that revenue crossed Rs 10,000 crore.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
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