The Delhi high court on Wednesday agreed with the contention of Akasa Air that the DGCA is not completely barred from taking action against pilots who violate the terms of their employment agreements. However, the court did not grant any immediate relief to Akasa Air which sought direction to the DGCA and Union Ministry of Civil Aviation to take action against its pilots who have resigned without serving the notice period, saying it will first decide the issue of jurisdiction raised by the aviation sector regulator. Justice Manmeet Pritam Singh Arora said since the Directorate General of Aviation (DGCA) has contended it has no jurisdiction to consider a representation made by the airline against the defaulting pilots under the extant law as it was a contractual dispute, the court will have to first decide the issue of jurisdiction before passing any other direction.
"No airline is making money in India because they are selling below cost. The country is seeing a 25 per cent annual growth rate in air passenger traffic, but some slowdown is also expected. These are some of the pains when markets open up," said John Leahy, chief operating officer (customers), Airbus. Leahy, however, declined to offer details.
Mallya, who is wanted in India on alleged fraud and money laundering charges amounting to an estimated Rs 9,000 crore, also said all his companies have effectively ceased operations and manufacturing following the lockdown in India.
The airline expects seat occupancy of 77.7 per cent on domestic routes.
As per information available with the Corporate Affairs Ministry, the new company was incorporated on November 5 with a total paid up capital of Rs 500,000 and has been registered in New Delhi.
Improvement in load factors, coupled with an increase in seat capacity after Jet's slots were allotted to low-cost airlines, has resulted in an increase in daily passenger traffic.
Kingfisher Airlines Executive Vice-President Hitesh Patel said Kingfisher was interested in flying Gulf and south-eastern destinations, if the government permitted.
Announcing this at a conference on Communication, Navigation and Surveillance systems, AAI Member (Operations) G K Chaukiyal said that the low-cost airports would be built over 10 years in an effort to reduce the cost of operation.
The letter was sent as an early warning of what was then widely being perceived as a plunder of national resources.
The first signs of the move will be evident when both the airlines announce their summer schedules in March after receiving the approval of the Directorate General of Civil Aviation. Deccan is likely to bring down and withdraw frequencies between Mumbai-Delhi in the schedule.
Olympics organisers must replan the Games without running up huge additional costs. IOC President Thomas Bach said his organisation faces several hundred million dollars in supplementary costs.
Tiger operates Airbus A320s and was set up by SIA and Singapore's national investment firm, Temasek Holdings, in 2004.
Jet Airways has terminated the services of 43 trainee junior technicians of the engineering department as part of its cost-cutting measures.
Scindia claimed Tharoor is "lost in his esoteric world of thesaurus", and for him "data mining of selective press articles from the internet qualifies as "research".
The future certainly looks good for Bangalore.
The operating margin of India Inc is likely to drop in the December quarter with a 100-120 bps year-on-year decline, as 27/40 sectors are set to see crimped margins despite higher revenue, according to a report. Surging commodity prices and price hikes may help companies report a healthy 16-17 per cent revenue growth to Rs 9.1 lakh crore during the quarter ending December, the Crisil report said on Tuesday. Software major TCS will open the earnings season Wednesday.
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.
Our business is very targeted. It's just domestic India, low fares, be on time, hassle free, no long lines, no fuss.
The civil aviation ministry is planning to dedicate a separate terminal building for low-cost carriers at Delhi airport and efforts are on to create more space for them in Mumbai by shifting operations of small aircraft to Juhu aerodrome.
The aviation sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
High taxes, high airport costs, poorly developed air navigation and high cost of operations makes investment unappealing.
Airline denies sacking, says it is recruiting to meet its operational needs
There have been recent reports about certain business groups or even the government of Kerala planning to launch airlines to operate on international sectors.
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.
The plan also envisages manpower cost rationalisation, fuel management, route profitability enhancement and non-traffic revenue enhancement.
Low cost carrier Jagson Airlines, which is to launch operations from May, on Thursday said it has sold about 15.99 per cent stake to a foreign investor and could go in for public issue next year.
The newly formed AirAsia India, the Indian arm of Malaysia's low cost carrier AirAsia, has filed an application with the Civil Aviation Ministry seeking permission to launch its operations, official sources said on Thursday.
Fernandes said south India was a fantastic market and it would be the gateway for people who want to visit southeast Asia and beyond.
Falling jet fuel prices, stable rupee signal lower losses
Domestic airlines expect the fall in prices of aviation fuel to boost their earnings from the quarter ending December.
The company solf the frequent flyer business.
Royal Airways Ltd on Monday announced the launch of its new low-fares, no frills, brand Spice Jet.
Jet fuel prices are about 33% lower than the same period a year ago.
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Such direct import was formally allowed in February 2012 but the aviation companies lack the infrastructure to do so.
Agra, Shimla, Nanded, Kanpur and Jamshedpur are among the many airports that would see connectivity under Udan.
The civil aviation ministry received 20 applications and it granted NOCs to sixteen companies between 2009 till now
In Mumbai, jet fuel costs Rs 71,940.36 per kl as against Rs 73,306.89 per kl previously, IOC said.
The sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
Aviation Turbine Fuel, or ATF, price at Delhi was cut by Rs 3,025.34 per kilolitre, or 4 per cent, to Rs 71,800.21 per kl, according to Indian Oil Corp, the nation's largest fuel retailer.
