Returning home after a five-day high-profile state visit to China, Maldives President Mohamed Muizzu on Saturday struck a defiant note saying that his country may be small but 'doesn't give them the license to bully us'.
A local radio station reported that that the plane had crashed in a mountainous region in Polewali, west Sulawesi province.
Rediff FareSearch provides users the total fare inclusive of taxes and not just the base fare, thus helping users to make a more informed decision.
The outer structure of Navi Mumbai International Airport's first terminal building is almost ready. Exactly behind the under-construction building, stands a partially demolished hill. Executives from the airport company are now hopeful the hill will be flattened by mid-January, paving the way for the first commercial take-off by December next year.
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.
Airline sources said an increase of Rs 600 to Rs 1,000 is necessary for all carriers to become profitable.
No frills airlines SpiceJet and IndiGo have merged fuel surcharge with the base fares, saying it would simplify the prevailing fare structure.
These airports are those at Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy.
Vistara has accelerated fleet expansion plan from June 2018 to earlier, open to talks with Boeing as well.
The coming years will be among the most exciting of your professional lives, IndiGo's new chief executive officer (CEO) Pieter Elbers wrote to the airline's staff after taking charge on Tuesday. Elbers, who spent three decades at KLM Royal Dutch Airlines, replaces Ronojoy Dutta at the top post. "Earlier, IndiGo communication summarised it all in just three words: 'Towards new heights' and-let me add here: 'across new frontiers'. "With that vision in mind, you should feel assured that the coming years will be among the most exciting of your professional lives," Elbers said.
Non Resident Indians have invested Rs 9,650.64 crore (Rs 96.50 billion) from August 1991 to December 2005, constituting 6.30 per cent of the total Foreign Direct Investment inflow, Rajya Sabha was informed on Tuesday.
Jet Airways Ltd said on Friday it made a profit in the June quarter compared to a loss in the year-ago period, helped by a drop in fuel expenses.
No-frills carrier IndiGo has expressed interest to buy Air India
Fliers may have to shell out more with the government mulling to impose a two per cent cess on air tickets
Talks gain ground of strategic stake sale to foreign investor.
Airline's auditor attributes profit to changes in accounting system; GoAir says full disclosure made and auditor's note is unqualified
The outage comes as a result of the failure of the Notice to Air Missions system, which alerts pilots and other personnel about airborne issues and other delays at airports across the country.
Jet Airways on Wednesday said it would offer about 31,000 seats daily by operating 255 flights to 40 destinations in its new winter schedule with immediate effect.
Despite the best ever quarterly net profit of Rs 3,091 crore during April-June of financial year 2023-24 (Q1FY24), challenges are mounting for InterGlobe Aviation-run IndiGo in the near term, said analysts. Given this, most brokerages have retained their ratings from 'buy to underperform', as well as their target price for the stock. For instance, Motilal Oswal Financial Services has retained its 'neutral' rating on the scrip as it believes the low-cost airline is facing teething issues at present.
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.
The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets, ahead of the national airline's takeover by the Tata Group. The government had in October last year, inked the share purchase agreement with the Tata Group for the sale of national carrier Air India for Rs 18,000 crore. The Tata Group is expected to take full control of the airline, it founded in 1932, on Thursday. The cash component of the deal would come once the handover process is completed. The Tata Group would pay Rs 2,700 crore cash and take over Rs 15,300 crore of the airline's debt.
The country's largest domestic budget carrier IndiGo on Wednesday announced the appointment of Pieter Elbers as its chief executive officer, replacing incumbent Ronojoy Dutta. Seventy-one year old Dutta, who came to helm the airline in January 2019, has decided to retire on September 30, after guiding the airline through the turbulent Covid period, IndiGo said in a statement. Elbers' appointment, which is subject to regulatory approvals, will be effective from on or before October 1, it said.
Both Jet Airways and Go First have met with a similar fate of landing up in insolvency, albeit for different reasons. Whether Go First will be able to avoid the sharp erosion in value like in the case of Jet, experts say, will depend on how quickly it is able to restart operations and retain its slots at airports. Go First, owned by the Wadia group, filed for voluntary corporate insolvency resolution on May 2 due to inadequate capacity utilisation that led to a cash crunch.
Jet Airways is in discussions with aircraft manufacturers and lessors to lease 6-8 planes, including some of those which were to be delivered to Russian carriers prior to the Ukraine war, as it gets ready for the relaunch, according to sources. Moreover, the airline is also negotiating with airport operators to secure slots with "good" timings, they said. Once a major player in the Indian aviation space, the carrier has not flown since April 17, 2019 and is being revived under the ownership of the Jalan-Kalrock consortium.
Six of these aircraft are currently on lease to Etihad Airways, set to start returning to Jetair's fleet in June
17,266,801 equity shares of Rs 10 each offer to be made through book-build process.
The development came after Gaikwad apparently booked a seat from Hyderabad to Delhi on Flight AI 551 for Wednesday, which was cancelled by the national carrier.
The exact figure not known yet but advertisements for recruiting employees would hit print this week.
Courier rates in the country may be hiked by 35-40 per cent within 15 days following imposition of 67 per cent on-board courier rates by domestic airlines, the apex organisation of courier companies said on Wednesday.
Public sector oil firms on Tuesday slashed aviation turbine fuel prices by 7.9 per cent in line with fall in international oil prices.
Domestic air traffic rose 20.81 per cent in June on the back of low fares and peak season demand.
With better utilisation of slots, foreign flying rights, and greater international connections, the operator of India's largest airport feels a privatised Air India will bring commercial benefit to Delhi airport and help it revive quicker from the pandemic shock. Delhi is the largest hub for Air India, with most of its long-haul flights to the US and Europe being operated from here. The airport plans to give its most modern terminal 3 (T3) exclusively to the Tata Group.
Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Historical quarterly data from listed companies (excluding banks, finance and insurance, oil and gas, and power sectors) indicate an adverse correlation between corporate margins and crude oil prices.
The airfares are already 15 per cent higher than last season and due to this shortage it will go higher, said Sharat Dhall, COO of Yatra.com.
Air travel penetration in India remains small in global terms, with 0.04 annual trips per capita against 0.3 in China and more than two in the United States.
The airline had made new pilots sign a bond of Rs 2.5 lakh to Rs 14 lakh in the recent past.
