Stalwarts from the global civil aviation industry are not enthused by the talk of foreign carriers being allowed to pick up a 49% equity stake in domestic airlines.
With the pilots' strike impacting international flights and denting revenues, Air India CMD Rohit Nandan is banking on the induction of the much-awaited Boeing 787 aircraft.
Ensure clean balance sheet, no debts, firewall against govt interference & freedom to buy assets in a transparent way, says Tim Clark.
Emirates President Tim Clark expressed unhappiness over the small increase in foreign equity ownership in airlines, saying 49% does not give management control.
Airline industry's profitability balancing on a knife's edge: IATA director-general and CEO Tony Tyler
If the bottom line worsens by an equivalent of just 1% of revenue, our $3-billion profit very quickly becomes a $3-billion loss, said Tony Tyler.
In a bid to expand overseas operations, Jet Airways is in talks with European aircraft manufacturer, Airbus, for inducting nine A330-300 planes.
Jet Airways, aviation industry officials say, stands to gain from the current crisis gripping the aviation industry in India.
Around 400 AI pilots owing allegiance to Indian Pilots Guild are on strike since May 7 and the services of 101 pilots have already been terminated.
Government is planning to shift AI's base to Delhi to cut down on travel costs of employees moving frequently between the two cities and also to lease out the prime property.
The decision would be done after taking all allies on board. But I can tell you that it is not going to stay on the shelf for long and is likely to be revived very soon.
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