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.
It will start its operations through an arrangement with Singapore Airlines.
The airline has also inked a deal to take 12 A320s from Singapore's Tiger Airways on lease.
With over 700,000 annual passengers and 21 per cent market share Air India is the largest carrier on India-United Kingdom routes.
Groceries, apparel, computers, phones and sporting accessories are among the most popular. There is also a growing trend of men visiting the store, rather than women.
'Airlines will need a war chest to deal with post-COVID economics.'
Tata-SIA will kick off with full-service domestic operations.
A company not only requires ample funds to get it started but also the necessary intellectual and emotional tools to make it a success.
Only a 5-year-old airline with 20 planes is allowed to fly abroad.
Air India got its third Boeing 787 Dreamliner on Tuesday from the new North Charleston facility of the US-based manufacturer.
Though India's airlines are certainly bleeding, they haven't yet faced the ignominy of shutting down.
However, while the capacity void in the domestic market has been filled, a vacuum still remains in international connectivity, especially on the India-Europe and onwards route, which was well connected by Jet Airways via the Boeing 777, Airbus A330 aircraft and its hubs in Paris and Amsterdam.
The division bench of the high court said the IPG cannot 'wilfully and flagrantly' disobey court orders to end their 'illegal' strike and could face contempt action.
Reliance is leveraging the technological change of building a virtualised 5G network which would see the current hardware-dependent networks shift to software-centric platforms.
The last date to submit bids is March 17 but the deadline could be extended if there are requests from potential bidders.
Adani group is in talks to acquire a 50.5 per cent stake held by GVK Group in Mumbai International Airport (MIAL) and another 23.5 per cent of minority partners, Airports Company South Africa (ACSA), and Bidvest Group, two sources with knowledge of the matter said.
The premier airline, which used to operate 19 weekly flights to Indian destinations two years ago, now operates 43 services from London Heathrow to five cities in India. "India will be the next biggest after the US in the long-haul market. ... As far as revenues are concerned, India is the third largest closely competing with Australia (in the second place after the US). Our plans are to stay big," said Robbie Baird, BA's area general manager for the Asia-Pacific region.
Factories are shutting down owing to a shortage of labour and raw materials, and a lack of logistical support amid the ongoing nationwide lockdown against the coronavirus pandemic.
All long-haul flights between India and Britain, the United States, Canada as well as some other European cities were cancelled or indefinitely delayed on Friday as airspace remained closed over several North European airports due to drifting ash from a volcano in Iceland.
Strikes by pilots have already cost Lufthansa 130 million euros so far this year.
Captain Sharifah Czarena Surainy, Senior First Officer Dk Nadiah Pg Khashiem and Senior First Officer Sariana Nordin flew flight BI081 to the Middle Eastern country on February 23.
The airline should have an accident/serious incident free record of operation.
'COVID-19 and diabetes have a very intricate relationship.' 'People with diabetes tend to get the most severe forms of COVID-19.'
Gloves, masks, vitamin C, wet wipes and sanitisers are the new essentials you have to move around with.
Seaplanes are fixed-wing aircraft that can take off and land on both water and airfields.
While IndiGo had 11.8 per cent of all the international seats to and fro India in the last week of August, Air India's seat share was 11.4 per cent. Emirates came third with 8.1 per cent, and rest of the airlines constituted 68 per cent of the seat share.
Both Vistara and AirAsia India, along with their partners, are quietly putting together an aggressive plan to become a formidable force in the skies. At the core of this new push is their plan to go international this financial year.
This is the largest single dose of equity infusion into the joint venture since its launch in January 2015.
Last year, Jet Airways and Air France-KLM signed an enhanced cooperation agreement' for the development of their operations between Europe and India
SpiceJet, on the verge of a shutdown two years ago, is now looking at joining a burgeoning global league of low-cost long-haul airlines by providing a Rs 30,000 to-and-fro fare to western European destinations. Chairman and managing director Ajay Singh elaborates.
No-frill carrier Kingfisher Airlines on Monday signed a contract for buying five Airbus A 340-500 long-haul aircraft and an option to acquire five more, with plans to operate direct flights to the US.
Air-India on Saturday launched a new long haul flight from Delhi connecting Dhaka, Kolkata and London, with Minister of State for External Affairs E Ahamed saying it would go a long way in strengthening Indo-Bangla relations.
Phee Teik Yeoh says that the worst is behind them.
Former India fast bowler Zaheer Khan advised injured all-rounder Hardik Pandya to be patient and not rush his comeback from a back injury. Pandya has been out of action since September and underwent a surgery for an acute lower-back injury in October.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
A resurgent SpiceJet is spreading its wings and Vistara is set to challenge Jet on long-haul routes in the coming years.
Experts say the focus is on preserving liquidity as there is uncertainty over the duration and impact of the 21-day nationwide lockdown imposed to check the spread of COVID-19.
Tourist arrival growth down to 1.9% over poor marketing and terror threats. Airlines, too, have been forced to reroute following airspace closure. UK and Australia advised their citizens from travelling to Srinagar following the Pulwama attack.
With IndiGo executing its long haul low-cost plans the airline will certainly need a lot of cash going forward.
