Page 2 - Airline Sector

Lenders purposely delaying Jet Airways revival: Jalan-Kalrock tells NCLT

'Can't take off if relief not granted'

Pakistan blocks $225 million in airline funds for repatriation: IATA

Pakistan has withheld USD 225 million of airline funds for repatriation, the IATA has said, making it one of the top five countries in the world along with Nigeria and Bangladesh, which used the funds as an easy way to shore up their depleted treasuries. The International Air Transport Association (IATA) on Wednesday warned that the amount of airline funds for repatriation being blocked by governments has risen by more than 25 per cent (USD 394 million) in the last six months. The IATA represents around 83 per cent of the global air traffic and represents around 300 airlines. More than 27 countries and territories are blocking funds from repatriation, the IATA said in a press release. Nigeria tops the list with USD 551 million of blocked funds, followed by Pakistan at USD 225 million and Bangladesh coming in the third position with USD 208 million, it said. Lebanon (USD 144 million) and Algeria (USD 140 million) are the other two countries to feature in this list, it added. IATA

Air India to spend $400 mn to refurbish Boeing 777s and 787 fleet

Carrier will add new seats and best in-flight entertainment across all classes

Jalan-Kalrock consortium looks to move SC over Jet Airways staffers' dues

The consortium won the bid to revive the grounded airline in October 2020, and its revival plan was cleared by the National Company Law Tribunal in June 2021

Jet airways revival hits new snag as banks push back on funding

The new owners meanwhile have indicated that extra money wasn't part of the already agreed upon resolution plan and instead must be taken out of the banks' dues

IndiGo Chief Strategy and Revenue Officer Sanjay Kumar puts in papers

Leaves after three years of service in second stint; Vinay Malhotra, head of IndiGo's Global Sales, will take over from him

IndiGo, SpiceJet international flights diverted due to technical glitches

Failure in one of IndiGo aircraft's hydraulic systems, caution light indication in SpiceJet plane's cockpit cause diversion

Air India ropes in Futurebrands to redraw its branding strategy: Report

Futurebrands has earlier worked on rebranding the American Airlines and luxury auto brand Bentley

Air India group most frequent flyer on 7 of 10 busiest domestic routes

Also runs IndiGo close on the other three

Why merging Brand Vistara with Air India makes sense: Experts explains

With a single airline brand, Tatas aim for quick business turnaround

'Do not worry about future', Vistara CEO Vinod Kannan writes to employees

In a mail to the employees of Vistara following the announcement of the merger with Air India, Kannan said that it will be 'business as usual' for the airlines

Grounded Jet Airways' cabin crew association moves NCLT for liquidation

Banks oppose consortium plea for handover of the company

Gautam Adani's plans for an India super-app could run into a tech downturn

Adani Enterprises Ltd., the group's flagship, is seeking to raise 200 billion rupees ($2.5 billion) by selling new shares. The additional firepower may come in handy to beef up the fledgling super-app

Domestic airlines flew 409,831 passengers on Sunday, highest since May 2020

Air traffic touches nearly 96 per cent of pre-Covid level

After suffering losses for 3 quarters, IndiGo on a flight path to profit

Cooling fuel prices and rupee depreciation and rising demand could help the country's largest airline by market share to reverse successive quarters of losses

You're not welcome! UAE bars entry for those with single name: Air India

Single named passengers will not be allowed entry into the UAE with immediate effect under the new guidelines

Air India posts best monthly on-time performance among carriers after years

When it was a run by the government, the airline was usually at the bottom of DGCA's list for on-time performance

Jet Airways lenders may sell 11 aircraft in absence of resolution: Report

Lenders said that even one-and-a-half years after the resolution plan was approved by the National Company Law Tribunal (NCLT), the Jalan-Kalrock consortium has failed to pay the required amount

Year-end fares go through the roof as airlines fly on low capacity

More than 75 planes are grounded; Goa to see 11% fewer flights in December

2 in 3 travellers want pre-pandemic govt fare caps back as air-fares soar

A recent survey by LocalCircles reveals that soaring airfares have worried travellers and two out of three fliers want the government to bring back an upper and lower limit on air-fares