Air India expects to wipe out some red marks from its balance sheet.
The airline's accounts are yet to be audited.
'A growing segment wants to fly Vistara but may not be really ready to pay for certain products that come with a full-service carrier. That is a large segment and we can't ignore it,' says CEO Leslie Thng.
The slot constraint in Indian airports is also going to play a role in pushing airlines to have wide bodies.
Media reports said that Air India's Flight AI-312 landed at Sydney Airport at 8.29 am (local time) few minutes behind its schedule and then to Melbourne early afternoon at 11.59 am.
Reduction in fuel price was supposed to bring back good luck for Indian airlines. But with the global spread of coronavirus, airlines are being forced to rejig their network, cut flights, and delay launches.
Jet Airways remains the number one airline serving foreign routes.
In a bid to slash costs, Air India has hedged 10,000 barrels of jet fuel for its aircraft this month, four weeks after its Board gave a nod to the move.
Market estimates suggest the airline has already totted up Rs 1,800 crore of losses in FY20, and FY21 is expected to see losses in the region of Rs 2,500 crore to Rs 3,000 crore Many in the sector say that Vistara lacks the light-footedness of the airlines with which it competes, reports Anjuli Bhargava.
Air India is leaving behind some 50 bags at the Delhi airport as it flies to the US, reducing what it carries after the closure of Afghanistan's airspace increased flight time by at least 30 minutes. Air India flies the Boeing 777 and 787 aircraft to New York, Newark, Chicago, Washington and San Francisco.
This new plane has become AI's javelin with which it hopes to outfly competition and repair its financial mess.
The overheating of the oven during a July 24 flight from New Delhi to Kolkata did not cause a fire
The Dreamliner will allow Air India to finally match the right kind of routes with the right kind of planes, while launching new ones. Some say it won't solve the airline's problems.
Ending a seven-year-long wait, the Star Alliance Chief Executive Board, at its meeting in London on Monday, gave an endorsement vote to induct Air India into the fold.
The national carrier's capacity is expected to grow by 9.2 per cent with the addition of six more Boeing 787 Dreamliners to the fleet, they said. As of February this year, the airline has 13 Dreamliners in its fleet out of a total order of 27.
The makers of the 787 Dreamliner aircraft, Boeing, on Wednesday expressed concern over recurring glitches on the plane while at the same time insisting that it was a machine which had never caused issues with the safety of passengers.
GST impact: Higher lease payouts may hit airlines, cab aggregators.
The announcement by Air India CMD Rohit Nandan came on a day when two of the airline's six Dreamliners resumed commercial operations and operated regular flights from Delhi to Bengaluru and Kolkata.
But the Abu Dhabi-based airline would first bolster its own network with traffic from India before Jet's turnaround.
Dreamliner is a 256 seater plane with 18 business class seats and 238 economy class seats.
'Indian diplomacy in West Asia under the present government has been a success story -- and with Saudi Arabia in particular,' says Ambassador M K Bhadrakumar.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
Air India has been in the red since the merger of then Air India and Indian Airlines in 2007.
The new owner may be allowed to dispose of assets accruing from the 10-26 per cent of the net assets of the company.
After creating a flutter with the world's cheapest car, the Nano, Tata Motors will contribute structural components to one of Boeing's most ambitious projects, the 787 Dreamliner.
In 2015, India's domestic aviation market clocked 81 million flights.
Sale of wide-body aircraft will not affect internatinal flights, says Jet
Whether this happens because DGCA actually cares about the future of the national carrier or for other motives is not clear.
Airbus recaptured the aircraft industry's top spot in the first quarter of 2013 as US rival Boeing fell behind on orders and grappled with the grounding of its newest jet, the 787 Dreamliner.
"The return fare on economy class to most European capitals from Mumbai are close to 50,000 plus. If an LCC can offer direct connectivity for a basic fare of 25,000 with additional top ups for meals, baggage and blankets, which further takes the fare to, say, 35,000, it is still a value deal."
The Bengaluru skies dazzled with somersaults and stunts by metal birds.
The company has dismissed 194 cabin crew and 11 pilots over past year for unauthorised absence and such reasons.
That it has been threatening to review this rule for a while is old hat anyway.
The Directorate General of Civil Aviation (DGCA) is probing the incident of an Air India flight, AI 123, from New Delhi to Rome losing radio contact over Italy on October 16.
The government also said it will hold consultations with the airlines to explore the possibility of curbing the menace of charging exorbitant airfares during emergency situations.
Amber Dubey explains why India needs to stop blocking competition if it ever wants to become the top aviation market.
Seven of the 30 largest U.S. corporations paid more money to their chief executive officers last year than they paid in U.S. federal income taxes, according to a study released on Tuesday that was disputed by at least one of the companies.
Besides lining up Bali, Nairobi and Toronto flights, the airline is also planning flights from Mumbai to Hong Kong. The network expansion will help the national carrier grow its market share and capitalise on the capacity vaccum created by the collapse of Jet Airways.
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