"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.
Indian Airlines Ltd, the country's largest domestic carrier, will dry-lease three Airbus A320 planes by the end of February and another two by the middle of the year to boost market share, its chairman said on Tuesday.
The apex auditor is busy preparing a report on the Air India-Indian Airlines merger and modernisation of airports through public-private-partnerships, both carried out during the previous term of the United Progressive Alliance government.
High airport charges and steep operating cost hurt profitability of Indian airlines in 2013.
Nearly 80 domestic and international flights received bomb threats in less than 24 hours that later turned out to be hoaxes, keeping thousands of passengers and security agencies on tenterhooks.
The public sector carrier announced a new scheme -- 'Fly Select Fares' -- offering two levels of rates which were below the normal ones on select flights.
The five-time champions cited lack of players to field a team for the tournament.
Indian Airlines has launched a new scheme to enhance executive class travel by business travelers and corporate executives.
Pilots's association says the ministry is not serious about its assurance.
A new Indian airline, proposed to be launched by the Tata Group, AirAsia and another Indian investor, is likely to start operations by the fourth quarter of this year with about $50 million initial investment by the Malaysian budget carrier.
Air India, IndiGo, and SpiceJet have suspended flights to China and Hong Kong.
'He told me he was very happy to see the realistic portrayal of the cockpit too.' 'His wife told me that I carried the same kind of personality as her husband in my performance.'
'As a child, I didn't even know that he was an IPS officer... It was much later when I came back to India'
Virgin Atlantic Airways Chairman Richard Branson has said he planned to invest about $50 million in his personal capacity in an Indian airline for which he was in talks with 'four different people' in the country.
After a gap of four years, Indian Airlines has made a turnaround, posting a net post-tax profit of Rs 44.17 crore (Rs 441.7 million) in 2003-04 as against the net loss of Rs 196.6 crore (Rs 1.966 billion) the previous year.
The other semi-final in the Shastri hockey tournament will be between Indian Oil and BPCL.
They beat Border Security Force in the final. Namdhari XI finished third.
Captain Sharan and Flight Engineer Anil Jaggia both confirm that the hijackers seemed to know a lot about flying an aircraft. Without help from the ISI or the Pakistan army, it was impossible, points out Utkarsh Mishra.
As Prabhakaran was leaving his house, Rajiv Gandhi called his son Rahul and asked him to fetch his (Gandhi's) bulletproof jacket. He put the jacket on Prabhakaran's back and remarked with his usual charming smile: "Take care of yourself."
The government on Thursday reappointed former IPS officer Ajit Doval as the National Security Adviser (NSA), according to an official order.
'I think some of us, like Mukesh Ambani, myself and those of us who head industrial units, ought to really focus on what we can really do to make the world a safer place, maybe 50 or 100 years from now.' 'For instance, how can we deal with climate change and global warming, right now?' 'The effects of it may not be felt now; in fact, we may pay a price for it today, but it will help the generations to follow.'
In little over a year, Air India and IndiGo have announced plans to purchase up to 170 wide-body planes as they bet on ambitious expansion and efforts also continue to make India a global aviation hub. Also, the two carriers' orders usher in European aircraft maker Airbus into the country's wide-body space, which has traditionally been dominated by US major Boeing. If narrow-body aircraft orders of Air India, IndiGo and Akasa Air are added to the list, the order book is well over 1,200 planes and that too in less than 14 months or since February 2023.
Globally, as well as in India, most airlines pay their pilots a fixed salary. Private airlines in India pay an Executive Commander a salary from Rs 4,15,000 to Rs 4,35,000 per month. However, if the pilot flies more than 70-75 hours a month, he gets an additional payment for each hour flown, aboutr Rs 4,000 an hour.
Replying to questions on losses to Air India, civil aviation minister Praful Patel said the rally in international crude oil prices that touched $147 a barrel in July 2008, hit Indian carriers by Rs 10,000 crore (Rs 100 billion) in jet fuel bill. Air India loses are a result of high jet fuel prices and fall in air traffic following global economic slowdown, he said. "There are (also) systematic issues which need to be corrected."
Hit by the third wave of the COVID-19 pandemic and soaring fuel prices, airlines are flying towards record losses with a likely loss of a whopping Rs 20,000 crore for the full fiscal year, warns a report. The airlines are flying towards their steepest-ever net loss of over Rs 20,000 crore this fiscal, which will be 44 per cent more than Rs 13,853 crore they bled last fiscal, Crisil said in a report. This will push back the industry's recovery beyond fiscal 2023, the report based on three large listed airlines--Indigo, Spicejet, and Air India--which together command 75 per cent of the domestic traffic, warned.
IC 814: The Kandahar Hijack begins by asking why the hijack lasted seven days and ends in wondering if the good guys fought the bad ones hard enough, observes Sukanya Verma.
Almost $10 billion was invested in airport modernisation between 2005 and 2012.
Ashwani Lohani said employees were wrongly blamed for woes of the organisation due to the merger that didn't happen
Public sector carrier Indian Airlines has posted a net profit of Rs 5.95 crore (Rs 59.5 million) in the first quarter this fiscal against the budget estimate of a net loss of over Rs 19 crore (Rs 190 million).
After facing significant flight disruptions recently, Vistara CEO Vinod Kannan on Thursday told the airline staff that the "worst is behind us" and operations have already stabilised. Pilot woes have forced the Tata Group airline to temporarily cut down capacity by 10 per cent or 25-30 flights daily. While acknowledging that things should have been planned better, Kannan said it has been a "learning experience".
Losses at state-owned Indian Airlines Ltd, the country's largest domestic carrier, rose by half in the past financial year to March from the previous year as a global decline in tourism after September 11 hurt traffic.
Flights from Mumbai and Kerala will also have to transit through these routes due to restrictions
There will be work today, there will be work tomorrow, there will be work the day after, but nothing will make up for the eternal regret of not seeing a friend when he was dying.
Shares of low-cost airline IndiGo hit record high on the bourses soon after reports of pilot crisis at Vistara emerged. The development also saw airfares surge by around 25 per cent on select routes. Shares of IndiGo hit a lifetime high of ~3,68.5 on April 2, 2024, and has gained 2.4 per cent on the bourses in April.
The 'Maharishi Valmiki International Airport, Ayodhyadham' has become the 68th civil airport terminal in the country to come under the umbrella of the specialised aviation security group of the central force.
The airline is also looking at cities in the northeast.
Jaish-e-Mohammed terrorist Shahid Latif, the mastermind of the 2016 attack on the Indian Air Force base in Pathankot, and his brother were gunned down by unidentified assailants outside a mosque in Pakistan's Sialkot district on Wednesday, officials said.
