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NCLT again seeks clarity on Jet slots from DGCA, ministry
After Jet Airways went bust in mid-April, government temporarily allotted the hundreds of slots owned by Jet to other carriers, with an apparent bid to contain soaring airfares in the peak holiday season. The slots were first allotted to other airlines for three months, which was extended to December-end. The lack of clarity on slots has created confusion.
13 fighter jets crashed from 2017-18 to November 2019: Government
"Thirteen fighter aircraft have crashed during the period from 2017-18 to November 2019. Every accident is followed by an investigation by a BoI or a CoI which gives causes of accident and suggests remedial measures to avoid similar accident in the future. "These recommendations are circulated to all the operating units for implementation," he said.
Airlines’ excess capacity problem to increase in 2020
International Air Transport Association (IATA) chief economist Brian Pearce said that the problem of capacity is set increase in calendar year 2020. While lower fares have made flying affordable in India, airlines have started to complain about excess capacity in the market that is leading to lower fares for passengers, impacting the bottom line of airlines.
Airlines cancel flights to Assam amid ongoing unrest over Citizenship Bill
All airlines have cancelled or rescheduled their flights to Assam which is seeing a violent unrest against the passage of Citizenship (Amendment) Bill 2019 by the Parliament. The airlines - Vistara, GoAir, Spicejet and IndiGo - are giving full refund to the passengers who can also opt for an alternate flight without any charge.
SpiceJet may gain from IndiGo’s move to cut capacity addition
Indi-Go's cut in its incremental capacity by 2-3 per cent reduces the industry's capacity which provides some scope for SpiceJet to show some aggression in adding more room.
Vietjet connects New Delhi with Hanoi & Ho Chi Minh City
Vietjet becomes the first airline from that country to connect the two biggest tourist centers of the Southeast Asian nation with New Delhi, the airline said in a statement on Monday.
In ode to former IAF Chief BS Dhanoa, Rafale jets to have tail numbers with BS initials
Six Rafale trainer aircraft will carry RB series tail numbers which stand for Air Chief Marshal RKS Bhadauria, the current Chief of Air Staff who played a key role as lead negotiator for the mega deal.
Slowdown grounds business jets as the rich tighten purse strings
India Inc is looking to tighten its belt amid the economic slowdown as it gives up on jets.
As air fares soar, Indians decide to holiday near home
There’s been a 15-20% jump in advance bookings for destinations such as Goa, Udaipur and Jaipur from the year earlier as an increase in winter schedule capacity has resulted in a decline in some domestic fares. Advance bookings for international destinations like Singapore, Colombo, Bangkok, Dubai, Mauritius and Malaysia are up 10-12%.
Edelweiss maintains buy on SpiceJet, target price Rs 160
The brokerage is enthused by the management’s plans to improve profitability and expects significant boost.
Analyst Calls: Ambuja Cements,SpiceJet, ICICI Bank, Essel Propack
IIFL has maintained reduce rating on Ambuja Cements with a target price of Rs 198.
Saab wants control if it wins $15 billion India jet-fighter deal
The Swedish manufacturer is in the running to supply 114 Gripen fighters in a deal valued at more than $15 billion as PM Modi seeks to modernize armed forces reliant on mostly Soviet-era equipment in the face of threats from Pak and China. Saab faces a requirement that at least 85% of the planes be built locally in partnership with Indian firms.
Navy may offer Sea Harrier fighter jet for aircraft museum in Kolkata
The West Bengal govt is setting up a museum featuring the 'Albatross' and it is likely to be thrown open to the public by mid-2020, Commodore Suprobho De said. "A TU-142 aircraft has been handed over by the Navy to M/S Taneja Aerospace on November 15 for dismantling, transportation and reassembly towards setting up a TU museum at Kolkata," he said.
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.
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