Scholarships, sports and spirit define Phee Teik Yeoh, the new CEO of Vistara in India
Jet fuel prices are about 33% lower than the same period a year ago.
The home ministry has given security clearance to Air India CEO-designate Campbell Wilson, paving the way for him to take charge of the airline, according to a senior official. The appointment of Wilson as the chief executive officer and managing director of Air India was announced by Tata Sons on May 12. Tata Sons took over the loss-making carrier on January 27.
Global aviation industry would improve its profit from $6.7 billion to an estimated $8.4 billion thanks to the two countries.
The oral proposal to reduce the number of years of domestic flying from five to three years for airlines to qualify for international operations has been given a quiet burial.
'The end of WFH has made achieving work-life integration more challenging for women.'
Union Minister Jyotiraditya Scindia on Tuesday said there needs to be anchor airlines at particular airports, more wide body aircraft as well as synergy between domestic and international departures to have an international aviation hub in India. The country's civil aviation sector is on the recovery path after being hit hard by the coronavirus pandemic and is projected to have 400 million air travellers in the coming years. "We are in the growth phase and there are tremendous opportunities on the airlines and airports side," Scindia said.
All airlines put together flew 67,61,000 passengers in January-February this year compared to 75.56 lakh last year, the official traffic data released on Friday showed. As per the world airports report prepared by Airports Council International, the growth rate of global air traffic in January fell by six per cent year-on-year while that of air freight declined by 'a frightening 27 per cent'.
Minister for Development of North Eastern Region Jitendra Singh said the government is trying to woo industries to the eight Northeastern states so that enough jobs are created for the youths of the region.
Tata Group-owned AirAsia India, which is in the process of being merged with Air India Express, has taken short-term loans worth Rs 630 crore during the last six months to deal with cash crunch. AirAsia India has been making losses since its first commercial flight on June 12, 2014. Its net loss increased by 42 per cent to Rs 2,178 crore in FY22.
As the global aviation sector slowly recuperates from the aftermath of 9/11 terrorist attack and the SARS menace, competition between traditional rivals Airbus and Boeing is hotting up. Take the Rediff Business
SpiceJet has held "preliminary discussions" with a Gulf airline for potential investment in the Indian budget carrier, a news report has said.
Newly-launched carrier Akasa Air is aiming for over 250 flights per week operating over nine domestic routes by the second week of October, the airline said on Friday as it announced entry in the highly-competitive Delhi market. The airline, founded by late stock market investor Rakesh Jhunjhunwala along with aviation industry veteran Vinay Dube, launched its operations on August 7 with a flight to Ahmedabad from the financial capital. Since then, it has expanded the route network to Chennai, Kochi, Bengaluru.
There was no damage to the plane and no one was injured, aviation industry sources said.
Hit by soaring fuel prices, the aviation industry is mulling introduction of a "differential fuel surcharge" based on VAT rates in each state to partially offset losses suffered by the air carriers. "Airlines would not be able to survive if the cost of aviation turbine fuel (ATF) is so high and competition brings down the fares," V Thulasidas, chairman and managing director, Air India said.
Jet Airways has convened a board meeting on Friday, May 23, which is expected to consider the future of executive director Saroj K Datta, who, sources said, may exit the airline after May 31. Chairman Naresh Goyal, who was in Mumbai last week, reportedly discussed the issue with Datta, a veteran of over 46 years in the airline industry.
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.
'I am seven months into the job, but it feels like seven years.'
United said it would rebook flights for affected passengers without charge
The Central Bureau of Investigation has started a preliminary enquiry looking into the Rs 950 crore (Rs 9.5 billion) alleged bad loan given by IDBI Bank to Kingfisher Airlines ignoring the company's negative credit ratings and net worth.
Falling demand compels domestic carriers to slash capacity by 10 per cent.
As air travel gathered steam in financial year 2021-22 (FY22) after being restricted the previous year, fewer passengers were affected by flight cancellations. Directorate General of Civil Aviation (DGCA) figures show that there were 40 per cent fewer flyers in FY22 than in FY20, but 60 per cent fewer passengers were impacted by cancellations, and 80 per cent fewer passengers were denied boarding. FY20 was the last financial year when India's booming aviation industry carried out full-scale operations before being completely grounded for a couple of months due to the Covid-19 pandemic.
At present, the booming airline industry is facing a shortage of approximately 1,000 qualified pilots, Union Civil Aviation Minister Praful Patel told Rajya Sabha in a written reply on Tuesday. Patel said the government has taken various steps, including increasing the retirement age of pilots to 65 years and setting up of a training institute in Maharashtra, to reduce the demand-supply gap.
Strong passenger growth will help domestic airlines improve their top line and margins.
Airlines say ATF fuel prices in India are 40 per cent higher than in countries such as Singapore. Jharkhand, Chhattisgarh and Maharashtra
The market buzz is that the GoAir promoters are hoping for a valuation that is at least a little more than double its closest rival SpiceJet.
A joint forum of Air India unions on Friday sought the labour department's 'urgent' intervention and initiation of conciliation proceedings in the matter of their passage policy and service conditions. On December 24, the forum comprising IPG, ACEU, AIEU and AICCA, in its demand notice to Air India managing director and chief executive officer Campbell Wilson, had protested against the changes in their service conditions. Tata Group took control of the then government-led Air India in January this year.
In an unprecedented action, Indian aviation regulator DGCA has directed low-cost airline Spicejet to operate only 50 per cent of its flights for eight weeks. This follows an unusually high number of incidents involving the airline, raising safety concerns. The curtailment of capacity is unlikely to have any commercial impact on the airline owned by entrepreneur Ajay Singh. SpiceJet already operates less than 50 per cent of the flights it had filed for the summer schedule.
An Istanbul-bound Turkish Airlines flight from Bangkok with 157 passengers and crew on board landed at the Indira Gandhi International Airport in New Delhi under emergency conditions following a bomb scare but was cleared for take-off after the security agencies did not find any explosive.
Passengers carried by all airlines in January stood at 41.41 lakhs (4.14 million), compared to 33.76 lakh (3.37 million) in 2009, registering a growth of 22.7 per cent, official air traffic figures released on Friday, said.
Forecasting a 'major shift' in performance of carriers in India and China, IATA chief Giovanni Bisignani said the airline industry in these two 'robust emerging markets' would face 'a much more substantial slowdown' in 2009 and asked the the two governments to take corrective steps to help the ailing business.
External commercial borrowings to the extent of USD 1 billion to be allowed for aviation sector for next year.
With the airline industry in recession, those training to be pilots may not find a job after spending lakhs on their airborne dreams. Is there any hope?
As many as 128 pilots have left Air India, Indian Airlines and Alliance Airways between 2004 and 2006, the Rajya Sabha was informed on Tuesday.
The Federation of Indian Airlines, the group formed by various carriers, has appointed Amitabh Khosla from CII as Executive Director to head its secretariat and plans to have a Director General later.
