#airlineIndustry
Rediff News Traffic Surges; Airlines Grapple With Grounded Planes
http://rediff.ly/12078c
If all 102 grounded planes could fly, there will theoretically be 400 more Delhi-Mumbai flights every day.
......... Read more »»
Rediff News Traffic Surges; Airlines Grapple With Grounded Planes
http://rediff.ly/12078c
If all 102 grounded planes could fly, there will theoretically be 400 more Delhi-Mumbai flights every day.
#REDIFFNEWS
Rediff News Jet Air not in a rush to start flying: CEO designate
http://rediff.ly/1203vm
Jet Airways CEO-designate Sanjiv Kapoor on Monday said the new management does not want to be "in a rush" to restart... Read more »»
Rediff News Jet Air not in a rush to start flying: CEO designate
http://rediff.ly/1203vm
Jet Airways CEO-designate Sanjiv Kapoor on Monday said the new management does not want to be "in a rush" to restart operations while asserting that the airline will be unique and different. The ownership transfer of the airline under the insolvency resolution plan is facing hurdles over differences between the winning bidder and lenders. "We don't want to be in a rush," Kapoor said.
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Rediff News Go First may take legal action against Pratt & Whitney over engine issues
http://rediff.ly/11tgsp
Indian airline Go First is considering legal action against Pratt and Whitney (PW) for failing to provide... Read more »»
Rediff News Go First may take legal action against Pratt & Whitney over engine issues
http://rediff.ly/11tgsp
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.
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Rediff News India's aviation sector likely to return to profit in FY24 on higher traffic, pricing
http://rediff.ly/11slg6
India's aviation industry could return to profitability in 2023-24 for the first time since the pandemic. The... Read more »»
Rediff News India's aviation sector likely to return to profit in FY24 on higher traffic, pricing
http://rediff.ly/11slg6
India's aviation industry could return to profitability in 2023-24 for the first time since the pandemic. The industry may pare aggregated net loss by 75-80 per cent year-on-year (YoY) to between Rs 3,500 crore and Rs 4,500 crore in 2022-23 (FY23), compared with Rs 17,500 crore of net losses in 2021-22 (FY22). A combination of recovery in passenger volumes and easing cost pressures due to stable fuel and foreign exchange (forex) costs could spark a turnaround. CRISIL says domestic and international passenger traffic recovered to 90 per cent and 98 per cent, respectively, of pre-pandemic traffic (2019-20, or FY20), in April-December 2022, compared with April-December 2019.
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Rediff News American Airlines peeing accused can still fly other airlines
http://rediff.ly/11s0t0
Indian civil aviation norms don't apply to foreign aviation companies, experts said.
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Rediff News American Airlines peeing accused can still fly other airlines
http://rediff.ly/11s0t0
Indian civil aviation norms don't apply to foreign aviation companies, experts said.
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Rediff News 'Every airport in India is on our radar'
http://rediff.ly/11qoet
'Domestic will remain very much the core of what IndiGo is.' 'But the emphasis in our next growth phase is going to... Read more »»
Rediff News 'Every airport in India is on our radar'
http://rediff.ly/11qoet
'Domestic will remain very much the core of what IndiGo is.' 'But the emphasis in our next growth phase is going to be on the international side.'
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Rediff News Amid record aircraft orders, aviation remains a long-term play
http://rediff.ly/11q0xp
The Indian aviation sector is on the cusp of a change as airlines look to induct a record number of aircraft. This,... Read more »»
Rediff News Amid record aircraft orders, aviation remains a long-term play
http://rediff.ly/11q0xp
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.
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Rediff News Singapore Airlines to get 25.1% stake in enlarged Air India group
http://rediff.ly/11o7gi
Singapore Airlines' deal with Tata Sons (Tata) will inject a further SGD 360 million ($267 million) into Air India.... Read more »»
Rediff News Singapore Airlines to get 25.1% stake in enlarged Air India group
http://rediff.ly/11o7gi
Singapore Airlines' deal with Tata Sons (Tata) will inject a further SGD 360 million ($267 million) into Air India. It will give SIA a 25.1 per cent stake in the enlarged Air India group following its takeover by Tata and merger with Vistara Airlines. The November 2022 deal between Singapore Airlines and Tata Sons to further inject $267 million into Air India is one of the key strategic initiatives for future growth mentioned in the quarterly financial report. This agreement is still subject to regulatory approval. SIA in the statement said, "The merged entity will be four to five times larger in scale compared to Vistara, with a strong presence in all key airline segments in India.
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Rediff News Why Air India CCTO Deleted LinkedIn Post
http://rediff.ly/11n7p4
In a LinkedIn post on Wednesday, February 15, night, Nipun Aggarwal had said Air India, in addition to the order of... Read more »»
Rediff News Why Air India CCTO Deleted LinkedIn Post
http://rediff.ly/11n7p4
In a LinkedIn post on Wednesday, February 15, night, Nipun Aggarwal had said Air India, in addition to the order of 470 planes, had the option to purchase 370 aircraft from Airbus and Boeing.
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Rediff News Air passenger traffic nearly doubled to 1.25 cr in Jan
http://rediff.ly/11jwto
India's domestic air passenger traffic nearly doubled to 1.25 crore in January compared to 64.08 lakh recorded in... Read more »»
Rediff News Air passenger traffic nearly doubled to 1.25 cr in Jan
http://rediff.ly/11jwto
India's domestic air passenger traffic nearly doubled to 1.25 crore in January compared to 64.08 lakh recorded in the year-ago period, according to official data released on Monday. In January, IndiGo saw its domestic market share decline for the fifth consecutive month at 54.6 per cent. It carried 68.47 lakh passengers last month.
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