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Air India is facing unprecedented financial crisis, says Civil Aviation Minister Puri
"Air India is also facing a very challenging financial situation," Puri said adding the airline has taken recourse to several initiatives with a view to ensuring continuance of its operations.
Government to go ahead with Air India sale, may not retire debt
A panel of officers — which had been tasked to look into the options proposed...
39.43 lakh domestic air passengers in Sept, 66% lower than last year: DGCA
As many as 21.07 lakh and 28.32 lakh people travelled by air domes...
China Eastern Airlines to receive $4.6 billion capital injection
China Life Investment Holding Limited, a subsidiary of the state-owned China Life Insurance Co, will inject 11 billion yuan into the airline, while Shanghai Jiushi Group, another state company, will inject 10 billion yuan, according to the public filing.
Digitisation is the buzzword at airports in the post-Covid new normal
Operators of India’s busiest airports are working on increased digitisation, automated systems and big data with a sharp focus on health, hygiene and social distancing norms for a new normal when the traffic surges again on the other side of the Covid-19 pandemic.
Lower fare limits to be applicable to premium economy class seats: Aviation Ministry
However, the upper fare limits set by the government for economy class seats would not be applicable on the premium economy class seats, according to a ministry order dated October 5 which was accessed by .
Pay charges daily and then operate flights from airports: AAI puts GoAir on 'cash and carry' basis
An airline has to pay various charges -- air navigation, landing, parking etc -- to AAI, which works under the Civil Aviation Ministry, to use facilities at any of its more than 100 airports.
Air India to resume service to Mumbai
Months after the suspension of the service due to the pandemic, the airline is to operate flights four days a week on Monday, Wednesday, Friday and Sunday.
SpiceJet acqui-hires Bengaluru-based airline e-commerce technology company Travenues
"We are glad to welcome team Travenues to SpiceJet. This acqui-hire will help SpiceJet strengthen its e-commerce platforms as we continue to innovate across multiple technology areas and achieve our vision of being the worldwide leader in aviation technology," said Ashish Vikram, Chief Technology and Innovation Officer, SpiceJet.
Airlines risk extinction as India refuses to bail billionaires out
Modi’s administration hasn’t doled out funds to industries or airlines backed by private businesses.
Pandemic-hit airlines cancel up to 25% flights last minute
This is because airlines are selling tickets for up to one-third of their total flights but are operating only about a fourth of their flights, cancelling the rest due to either low demand or some new norm in the constantly changing lockdown and quarantine rules of state governments. As passengers are left disgruntled, carriers blame daily cancellations on low demand, sudden change in state quarantine rules.
COVID-19: Kuwait approves repatriation flights for citizens to India amid travel ban
The burden of flights will be shared equally between Indian and Kuwaiti airlines and each day about 1,000 Indians will leave Kuwait City, the report said. Kuwait has a population of 4.8 million with foreigners accounting for 3.4 million. There are about one million Indian expatriates in Kuwait.
19.84L passengers flew domestically in June, load factor of airlines remained low: DGCA
The occupancy rate or load factor for five out of six major Indian airlines was between 50 and 60 per cent in June 2020. The passenger load factor in the month of June 2020 has shown a sharp decline due to limited air operations because of the COVID-19 outbreak. A total of 2.81 lakh air passengers had travelled domestically between May 25 and May 31, the DGCA had said.
Indian airlines struggling hard as most costs are paid in US dollars: Vistara
"The reason why the airlines are struggling this hard is because a lot of our costs are all in USD. And with continually depreciating rupee, and as most of us (airlines) predominantly operate in the domestic market, there is obviously going to be a mismatch," Vistara's Chief Commercial Officer Vinod Kannan said.
Kalrock-Jalan consortium proposes Rs 1,000 cr investment in Jet; equity to lenders
This puts the consortium ahead of the other one in the fray, comprising of Haryana-based Flight Simulation Technique Centre, Mumbai's Big Charter and Abu Dhabi’s Imperial Capital Investments.
