Saudia has struggled with losses for years and like global peers, has been hit hard by the coronavirus pandemic
Indian airlines are expected to induct 69 planes during the year and retire 86 aircraft, some of which could be through repossessions by lessors
The company will not pay any dividend for FY21
The loss is however expected to be 35-40% lower than the projected loss in FY21
Bondholders are working on a revival plan for the airline involving a debt-to-equity swap if they are not satisfied with the bid the administrator chooses
The airline is facing a hurdle and has quietly closed reservation for this flight
With respect to the cancelled flights, customers can opt for a full refund or alternative travel dates free of cost
On effectiveness of implementing the ICAO standards, India's performance is lower than even Bangladesh
Some carriers see the ubiquitous phone chat as a key to better customer service
Clear is a reincarnation of the verified-identification idea begun by journalist Steven Brill
Raising concerns about avaition safety, the DGCA has suspended over 150 crew members
Airlines will likely suffer more disruptions like the one that grounded about 2,000 Delta flights this week because major carriers have not invested enough to overhaul reservations systems based on technology dating to the 1960s, airline industry and technology experts told Reuters.Airlines have spent heavily to introduce new features such as automated check-in kiosks, real-time luggage tracking and slick mobile apps. But they have avoided the steep cost of rebuilding their reservations systems from the ground up, former airline executives said.Scott Nason, former chief information officer at American Airlines Group, said long-term investments in computer technology were a tough sell when he worked there."Most airlines were on the verge of going out of business for many years, so investment of any kind had to have short pay-back periods," said Nason, who left American in 2009 and is now an independent consultant.The reservations systems of the biggest carriers mostly run on a specialis
Say that new measures not suitable for an underdeveloped market like India
Airline MD Shyson Thomas says funding issues with lessors resolved
IndiGo, Jet, SpiceJet and GoAir demand level playing field in aviation policy, say government can't favour only two new airlines