India's air passenger traffic grows 3.6 per cent in Oct; pace slower than seen in 2018: IATA
The International Air Transport Association (IATA), a grouping of more than 280 airlines worldwide, on Thursday said growth in India lags the robust 2018 outcomes. Globally, Revenue Passenger Kilometre (RPK) rose to 3.4 per cent in October compared to the year-ago period. RPK is a measure of demand.
Reliance stock could double over the next four years: Chakri Lokapriya
CSB Bank valuation can sustain at 2.6-2.7 times; Ujjivan to jump on li...
IndiGo says PW engine issue is likely to have an impact on future capacity
On November 1, aviation regulator Directorate General of Civil Avi...
Dharmendra Pradhan hopes coming Budget will signal inclusion of ATF, natural gas in GST
When the Goods and Services Tax (GST) was introduced on July 1, 2017 amalgamating 17 central and state levies, five commodities namely crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) were kept out of its purview given the revenue dependence of state governments on this sector.
Air India starts compensating flyers for 49-hour delay
Air India has paid a compensation of €600( approx Rs 47,700) each to several passengers for the delay in its London to Mumbai flight on May 28.
European shares stabilise after four-day losing streak
Trade-sensitive German shares, up about 0.2 per cent, also recovered from a 1-month low.
Modi considers easing foreign control rule to aid Air India sale
The govt may tweak "substantial ownership and effective control” clause that's keeping foreign suitors at bay.
AAI starts taking bids under Udan 4.0, focuses on northeastern states and J&K
The focus of this round would be mainly on connecting north-eastern states, hilly states, Jammu and Kashmir, Ladakh and islands, a release said.
IndiGo stops pushing Airbus engines to limit after shutdowns
IndiGo has told its pilots to stop pushing engines on its new jets to the limit when the planes are climbing.
Lobbyist Talwar bribed public servants to help foreign airlines; over 50 firms under scanner: Probe report
Talwar was deported to India from Dubai early this year after which he was arrested by the Enforcement Directorate (ED) and the CBI for his alleged role in lobbying in various UPA-era government deals, primarily in the aviation sector.
After Jet Airways' demise, Lufthansa plans to 'strengthen' partnerships with Indian airlines
For 2020, the Lufthansa group will be trying to strengthen Indian partnerships so that Indian carriers can bring passengers from second and third-tier cities to its four gateways. However, apart from launching a Munich-Bengaluru flight service in April, the airline does not plan to start any other flight service in 2020.
Aditya Ghosh on Oyo Board, Rohit Kapoor named new CEO
Ghosh said he will focus on governance, profitability, communications, consumer experience, security and safety
Foreign trips may pinch fliers as airfares surge
Flights to US, Europe this holiday season may cost three times more on Jet’s exit. The India-London sector could see new flights, with Vistara and IndiGo possibly starting them next year, but other routes will have to wait. A Delhi-Paris ticket is priced at Rs 1,14,642 against Rs 40,020 in December last year, according to travel aggregator ixigo.
Overcapacity in skies pulls down fares, hurts airlines’ bottomline
Airlines seem to be in a doom loop, with excess capacity and not enough places to fly aircraft profitably.
Pilots revving engines too hard led to IndiGo’s Airbus woes
DGCA told IndiGo that its practice of revving A320neo jets at full thrust could wear down engines, sources say.
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