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.
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.
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.
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.
'Padmini and I are very different people.' 'Our acting styles are very different. She's from a different era.'
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."
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.
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).
The phenomenon of fog is largely Delhi-centric. 'Airlines may think that we only have conditions of extreme fog on a few days every year, and spending a pilot's time and the airline's money on training can add up to its expenses.' 'So, they may prefer holding it for a few days.'
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.
Aviation Working Group (AWG), a global aviation leasing body comprising major planemakers and lessors, on Monday further downgraded India as lessors have not been able to repossess their planes from Go First more than four months after the airline filed for insolvency. The leasing cost stands as a prominent expense for Indian airlines. With AWG's downgrade, it is likely that lessors will increase the aircraft leasing rates for Indian carriers.
Flights from Mumbai and Kerala will also have to transit through these routes due to restrictions
United States President Joe Biden and Prime Minister Narendra Modi are expected to make meaningful advancements on the GE jet engine deal and civil nuclear technology during their bilateral talks, National Security Advisor Jake Sullivan was cited in a Reuters report.
Get your lowdown on what's going on in the world of Bollywood, right here!
National Investigation Agency officials seized Mushtaq Ahmad Zargar's home in Srinagar on Thursday, March 2, 2023. On December 31, 1999, Zargar was released along with Jaish e Mohammed founder Masood Azhar and the British terrorist Omar Saeed Shaikh in exchange for the passengers and crew on board IC-814, the Indian Airlines flight hijacked from Kathmandu and flown to Kandahar in Afghanistan.
The airline is also looking at cities in the northeast.
Airlines tell Arindam Majumder and Aneesh Phadnis they are forced to look at expats due to a lack of commanders, a position that requires experience.
Indian airline Go First is considering legal action against Pratt and Whitney (PW) for failing to provide compensation after March 2020 for planes grounded due to engine supply delays, sources said on Thursday. About 90 per cent of the airline's fleet of aircraft uses PW engines. About 24 of the airline's 55 planes are grounded due to delays in engine supply by PW.
At least nine separatist organisations supporting terror groups have their bases in Canada and despite multiple deportation requests Ottawa has taken no action against those involved in heinous crimes, including the killing of popular Punjabi singer Sidhu Moosewala, officials in New Delhi said on Tuesday.
In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.
Details were not immediately available ahead of a planned government briefing.
The Indian aviation sector is on the cusp of a change as airlines look to induct a record number of aircraft. This, analysts said, will put the sector on a growth runway, though keeping it viable for only long-term investors. According to Vinit Bolinjkar, head of research at Ventura Securities, expectations of strong air traffic, coupled with low penetration, is the prime reason for a solid long-term outlook.
At a meeting with airline chief executive officers and top officials here, the Civil Aviation Ministry also decided to amend Aircraft Act and Rules to safeguard the interests of aircraft leasing companies, many of which have started imposing stringent conditions for leasing planes to Indian carriers in the aftermath of Kingfisher Airlines shutting down.
One-time watch for all those wear their patriotism up their sleeve, don't bother about checking the facts, and want to enjoy a dramatic mix of fact and fiction, notes Prasanna D Zore.
A continuation of the highest standard by the FAA will be a relief for Indian airlines especially the Tata group which intends to increase Air India flights on India-US routes. US aviation watchdog Federal Aviation Administration (FAA) has completed the audit of India's aviation regulator DGCA. Sources said that the FAA team was satisfied with the work and changes in regulations by India and is likely to maintain a Category 1 status rating under its International Aviation Safety Assessment (IASA) programme.
Else customers will face capacity shortages and high fares.
19 per cent of all travel in India (by bus, train or air) was pilgrimage or religious travel (possibly the single largest after business and family-related travel), discovers Ambi Parameswaran.
Domestic air passenger traffic touched 1.25 crore in January this year, an increase of 96 per cent compared to the year-ago period, according to rating agency Icra. However, it said the traffic remained around 2 per cent lower compared to the pre-Covid levels -- January 2020. The traffic stood at 64 lakh in January last year. Icra is maintaining a negative outlook on the Indian aviation industry, reflecting the view that the financial performance of Indian airlines is likely to remain under pressure in the near term, even though the recovery in domestic passenger traffic has been healthy.
For the first time in 13 years, since Jet Airways' A330 planes exited the airline's fleet in around 2010, an Indian wide-body aircraft will have a Rolls-Royce-powered engine, with Air India ordering 40 Airbus A350 planes. On Tuesday, Air India announced its mega aircraft order for 470 aircraft, including A350 planes. The A350 aircraft, which will come in two variants, are powered solely by Rolls-Royce Trent XWB engines and the local team has begun work to assist Air India with its aircraft-induction plans.
Unidentified gunmen have shot dead a 'businessman' in Karachi who Indian intelligence officials said was Jaish-e-Mohammed terrorist Mistry Zahoor Ibrahim, involved in the 1999 hijacking of Indian Airlines plane IC-814 and fatal stabbing of passenger Rupin Katyal.
Unidentified gunmen have shot dead a 'businessman' in Karachi who Indian intelligence officials said was Jaish-e-Mohammed terrorist Mistry Zahoor Ibrahim, involved in the 1999 hijacking of Indian Airlines plane IC-814 and fatal stabbing of passenger Rupin Katyal.
Let's take a look at 30 of the most dangerous airlines, including two from India, in the world.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances