Business Standard

Tuesday, December 24, 2024 | 03:00 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Airlines

Germany's Lufthansa to sell catering business LSG Group to Aurelius

German airline Lufthansa said on Wednesday that it has agreed to sell the remainder of its catering business to European private equity group Aurelius for an undisclosed sum. Lufthansa said selling the rest of its LSG Group business, which follows the sale of European LSG Sky Chefs activities to Gategroup in 2019, is part of its strategy to focus more on its core airline activities. The sale involves all classic catering, onboard retail and food commerce activities and brands of the LSG Group, plus all 131 LSG Sky Chefs customer service centers in the U.S., Latin America, Asia-Pacific and emerging markets; Europe-based onboard retail unit Retail InMotion and SCIS Air Security Services in the US, Lufthansa said in a statement. LSG Group has about 19,000 employees and 36 joint ventures worldwide. Lufthansa chief financial officer Remco Steenbergen said the deal enables us to focus even more on further improving the profitability and capital returns of the Lufthansa Group core ...

Image
Updated On : 09 Jan 2024 | 12:22 PM IST

Why are airfares in India soaring and is there a way to beat it?

Airlines look at affordability, demand, availability and lots of other factors when pricing their flights s

Why are airfares in India soaring and is there a way to beat it?
Updated On : 12 Jun 2023 | 8:17 PM IST

Srinagar airport to spruce up amenities to handle increased footfall

Setting up more baggage checking machines and introducing electric vehicles to ferry passengers are among the key measures to be undertaken to handle increased footfall at the international airport here ahead of G20 events and the tourist season, officials said on Friday. Besides these, a police unit to cater to complaints and grievances of tourists and a police facilitation counter would also be setup, they said. The measures were announced on Thursday at a meeting to review the security aspects and functioning of the Srinagar international airport, the officials said. It was conducted by Jammu and Kashmir Director General of Police (DGP) Dilbag Singh and Director General Bureau of Civil Aviation Security (BCAS) Zulfiquar Hasan, and attended by top officers of the civil administration and police, the Central Reserve Police Force, the tourism department and the airport. During the meeting, measures to ease congestion such as increasing the number of baggage checking machines at the

Srinagar airport to spruce up amenities to handle increased footfall
Updated On : 07 Apr 2023 | 1:26 PM IST

Soaring variety in in-flight meals is giving a lift to ready-to-eat brands

Poha to biryani, instant food firms have a full plate as airlines focus on in-flight experience

Soaring variety in in-flight meals is giving a lift to ready-to-eat brands
Updated On : 03 Apr 2023 | 10:46 PM IST

Emirates asks India for Open Skies accord amid rising demand, competition

Emirates President urged India to embrace a so-called Open Skies accord with the airline's home country that would give carriers greater access to each other's market, amid rising competition

Emirates asks India for Open Skies accord amid rising demand, competition
Updated On : 21 Mar 2023 | 7:12 PM IST

Western Australia in talks with Indian airlines for direct flights to Perth

The Western Australia government is in discussions with Indian carriers for direct flights between Indian cities and Perth. India is one of the largest tourism markets for Western Australia, which also has a substantial Indian diaspora. Deputy Premier of Western Australia and Tourism Minister Roger Cook on Tuesday said discussions are happening with Air India, Vistara and IndiGo on starting direct flights between India and Perth. The Western Australia government and Perth airport are discussing the possibilities of what can be offered to Indian carriers, he said at a media briefing here. The tourism market of Western Australia is booming, Cook added.

Western Australia in talks with Indian airlines for direct flights to Perth
Updated On : 21 Mar 2023 | 5:49 PM IST

Turkish Airlines looking for cooperation with Air India: Official

Turkish Airlines is looking for cooperation with Air India as the carrier looks to expand in the Indian market, a top executive said on Tuesday. At present, Turkish Airlines is closely cooperating with IndiGo, including a codeshare partnership. Turkish Airlines CEO & Board Member Bilal Eksi pitched for more cooperation with Indian carriers and said that it can cooperate with Air India as that will also support both counties as well as tourism. "We are not getting enough (of Indian market)... we are trying to expand. This is the time for Turkish Airlines to expand operations in India," he said. He noted that there was not enough capacity between India and Turkiye, which is also a wedding destination for many Indians. "We can work together with Air India... can earn together and support both countries," he said.

Turkish Airlines looking for cooperation with Air India: Official
Updated On : 21 Mar 2023 | 2:39 PM IST

Staff still in possession of accommodation at Air India colonies: Ministry

The mechanism envisages imposition of penal rent and damage charges on the unauthorised occupants

Staff still in possession of accommodation at Air India colonies: Ministry
Updated On : 20 Mar 2023 | 9:56 PM IST

17 scheduled airlines in country, DGCA issues 718 Air Operator Certificate

There are 17 scheduled airlines operating in India while the number of aircrafts endorsed by the aviation regulator DGCA on the Air Operator Certificate (AOC) is 718.

17 scheduled airlines in country, DGCA issues 718 Air Operator Certificate
Updated On : 20 Mar 2023 | 8:02 PM IST

India to splurge $12 bn on airports in next two years as travel rebounds

The world's fastest-growing aviation market aims to boost the number of airports to 220 by 2025 from the current 148, for which private builders will invest about $9 billion

India to splurge $12 bn on airports in next two years as travel rebounds
Updated On : 20 Mar 2023 | 10:38 AM IST

Top headlines: UBS eyes Credit Suisse takeover, Amritpal declared fugitive

Business Standard brings you top headlines at this hour

Top headlines: UBS eyes Credit Suisse takeover, Amritpal declared fugitive
Updated On : 19 Mar 2023 | 10:00 AM IST

Cash-strapped Pakistan struggling to pay $290 mn to international airlines

The ongoing crisis has also hit the aviation industry where airlines sell tickets in local currency but repatriate dollars to pay for expenses such as fuel costs

Cash-strapped Pakistan struggling to pay $290 mn to international airlines
Updated On : 17 Mar 2023 | 11:37 PM IST

Three years, 4,700 complaints against domestic airlines: Govt data

The grievances are taken up with the airlines concerned. If the complainant is not satisfied he/she can file an appeal

Three years, 4,700 complaints against domestic airlines: Govt data
Updated On : 15 Mar 2023 | 11:55 AM IST

Ensure airlines do not practice predatory pricing: Parl panel tells govt

A parliamentary panel has asked the civil aviation ministry to cap the upper and lower levels of airfares, and ensure that predatory pricing mechanism is not adopted by the airlines under the cloak of free market economy. "A perfect balance has to be maintained between the commercial interest of the private airlines and the interest of the passengers so as to enable the private airlines to grow and at the same time the interest of passengers should also be kept in mind, so that they are not fleeced in the garb of commercialisation," the panel said. The recommendations have been made by the Department -related Parliamentary Standing Committee on Transport, Tourism and Culture in its report on the ministry's demand for grants for 2023-24. The report was tabled in Parliament on Monday. Among others, there have been complaints about sudden surge in air ticket prices during peak travel seasons. The committee also observed that presently the surge in airfares does not reflect any sort of

Ensure airlines do not practice predatory pricing: Parl panel tells govt
Updated On : 14 Mar 2023 | 12:14 PM IST

Ensure airlines do not practice predatory pricing: Parl panel tells govt

A Parliamentary panel on Monday asked the civil aviation ministry to cap the upper and lower levels of airfares, and ensure that predatory pricing mechanism is not adopted by the airlines under the cloak of free market economy. "A perfect balance has to be maintained between the commercial interest of the private airlines and the interest of the passengers so as to enable the private airlines to grow and at the same time the interest of passengers should also be kept in mind, so that they are not fleeced in the garb of commercialisation," the panel said. The recommendations have been made by the Department -related Parliamentary Standing Committee on Transport, Tourism and Culture in its report on the ministry's demand for grants for 2023-24. Among others, there have been complaints about sudden surge in air ticket prices during peak travel seasons. The committee also observed that presently the surge in airfares does not reflect any sort of mechanism on part of the ministry to ...

Ensure airlines do not practice predatory pricing: Parl panel tells govt
Updated On : 13 Mar 2023 | 11:10 PM IST

US-India airfares shoot up as impact of Russia's war in Ukraine continues

Invasion has resulted in fuel costs increasing; the closure of Russian airspace for western airlines

US-India airfares shoot up as impact of Russia's war in Ukraine continues
Updated On : 09 Mar 2023 | 8:08 PM IST

Q3 GDP numbers: Taking a look at some high-frequency indicators

The govt contends that Q3 GDP will be revised upwards. Many experts believe rural economic growth is still slow. Data shows both could be right

Q3 GDP numbers: Taking a look at some high-frequency indicators
Updated On : 08 Mar 2023 | 11:10 PM IST

Biden administration sues to block JetBlue from buying Spirit Airlines

The Biden administration sued on Tuesday to block JetBlue Airways' $3.8 billion purchase of Spirit Airlines, saying the deal would reduce competition and drive up air fares for consumers. The Justice Department said the tie-up would especially hurt cost-conscious travellers who depend on Spirit to find cheaper options than they can find on JetBlue and other airlines. Attorney General Merrick Garland was scheduled to hold a news conference to announce the lawsuit a sign of the importance that the administration places on stopping further consolidation in the airline industry. JetBlue and Spirit have anticipated the government challenge for weeks. The government had previously requested additional documents and depositions about JetBlue's proposal to buy Spirit, the nation's biggest budget airline. Negotiations over a possible settlement failed. The Justice Department said in the lawsuit, filed in federal district court in Boston, that the deal would end direct competition between .

Biden administration sues to block JetBlue from buying Spirit Airlines
Updated On : 07 Mar 2023 | 10:34 PM IST

Top headlines: Philanthropy by India's rich falls, airlines step up hiring

Business Standard brings you top headlines at this hour

Top headlines: Philanthropy by India's rich falls, airlines step up hiring
Updated On : 02 Mar 2023 | 10:16 AM IST

Airlines step up hiring to drive growth as demand recovers, costs ease

IndiGo to hire 5,000-6,000 employees in FY24; Akasa Air will add 1,000 staff; Air India said it will recruit 5,100 staff including 900 pilots and 4200 trainee crew

Airlines step up hiring to drive growth as demand recovers, costs ease
Updated On : 01 Mar 2023 | 11:43 PM IST