The revised structure will help to keep airfares down, when airlines already face a triple challenge of rising crude oil prices, rupee depreciation and constrained airport capacity.
At the recently concluded Dubai airshow, Akasa, Rakesh Radheyshyam Jhunjhunwala's new airline, signed a $9 billion deal with American aircraft maker Boeing to buy its 737 MAX planes and a $4 billion one for engines with CFM, a joint venture between GE of the US and Safran of France. Unlike his financial doppelganger Warren Buffett, who divested billions from his airline stock portfolio at the start of the pandemic, Jhunjhunwala is wagering his billions in a brand new airline. The legendary investor bought a roughly 40 per cent stake in SNV Aviation in September, Akasa's holding company, started in March by three former Jet Airways colleagues. With aviation still to recover from its pandemic slump, the big question around his foray into domestic aviation, due to take off in summer 2022, is whether it is another pie in the sky.
The issue had come up during a presentation by the Civil Aviation Ministry.
To avoid season pricing, keep a close eye on the calendar and begin planning travel at least 60 to 90 days in advance keeping tentative dates in mind.
Fares to key routes such as Delhi, Bengaluru, and Hyderabad may shoot up 80 per cent
The watchdog would also endeavour to do its best to help the company revive its operations within the set regulatory framework.
You can now avail of special airfares to New York.
Malaysia Airlines on Friday launched their new online promotional return airfare of Rs 8,000 for passengers travelling to Kuala Lumpur or Singapore.
The pilots and other senior staff have not been getting their full salaries since December.
'Those (Russian) fighter jets just drop bombs and fly away.' 'How will they know if a bus is carrying Indian students?'
The All India Jet Airways Technicians Association cautioned that in case the allocation is not stopped, it would be forced to resort to legal means for a resolution.
Brent crude oil price surged 4 per cent on Friday, following tension between Iran and the US. Airlines, however, have been unable to pass on the price increase to customers due to the soft demand.
Air India launched a short-term 'Monsoon Bonanza' scheme under which tickets on 40 select domestic sectors can be bought till Saturday for travel till September 30.
When a pre-planned trip fell through, Mridula Dwivedi decided to visit Kutch on an impulse.
Carriers' input costs are rising due to weak rupee and rising crude oil price.
The airline has suspended its international operations till Monday.
The April 2 Supreme Court order quashing the February 12, 2018 RBI circular (which ended all debt recast plans even on a one-day default) put paid to the resolution plan as banks were left with no leeway to restructure the loan and pay the promised Rs 1,500 crore interim funds.
However, the government did not expect the low fares to breach the lowest fare bucket given by the airlines to aviation regulator Directorate General of Civil Aviation.
The aviation ministry is not in the business of regulating tariffs, says its president Aditya Ghosh.
In its last ditch effort to break the deadlock, the All India Tennis Association communicated all the offers with regard to playing conditions in writing to the rebel players and also asked for their availability for the upcoming tie against Indonesia.
Bucking the trend, however, have been international routes, bookings for which have surged in the month.
Earlier, in August, the finance ministry had asked banks to put pressure on real estate developers to cut prices.
Observing that highly exorbitant rates were being charged closer to the travel dates, Civil Aviation Ministry officials, however, made it clear that the government had no intention to decide airfares which have to be determined by the market.
Low-cost positioning is passe. Brand experts suggest ways in which the airline can differentiate itself in the minds of customers.
In November alone, year-on-year growth in flight bookings for the season was almost 40 per cent, said Ranjeet Oak, senior vice-president (flights), MakeMyTrip, a leading Indian online travel agency.
The move comes within days of Indian Railways announcing an increase in fares from January 21.
Air India Express currently operates 145 daily flights, down from about 200 six months ago.
Executives of Indian airlines said that the drop is primarily for flights to major metro cities like Delhi, Mumbai, Hyderabad, Bangalore, which are the prime revenue generators on the domestic front.
"This is part of our policy to empower minorities with dignity and without appeasement," Naqvi said.
Known as the "the world's most profitable high-speed rail," the Beijing-Shanghai high-speed railway covers more than 1,300 km within five hours.
South Africa is all set to bait Indian tourists with an offer that may be irresistible for anyone -- a 3-star holiday for 15 days inclusive of to and fro airfare for just Rs 1 lakh.
The first two special flights that will operate from Thursday to evacuate Indians stranded in the UAE due to the coronavirus pandemic
With airfares mounting in the last couple of weeks primarily due to cancellation of Kingfisher flights, aviation regulator DGCA on Thursday warned airlines not to raise air ticket prices beyond a given range.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
The move if implemented, will be a temporary measure to protect both consumers and airlines. A section of airline executives and experts, however, warned that any intervention in pricing would be counterproductive.
In February this year, Donald J Trump Jr, 40, had travelled to four Indian cities, New Delhi, Mumbai, Pune and Kolkata, to promote the high-rise luxurious condos being build by the Trump Organization, of which US president Donald Trump is the sole owner.
Cashing in on Kingfisher's flight cancellations, major airlines have jacked up their fares on many busy air routes by 10-25 per cent over the past few days.
