Aviation Industry

IndiGo co-founder's family likely to sell stake worth up to $909 mn: Report

The family of IndiGo's co-founder Rakesh Gangwal was likely to sell between 5% and 8% stake in the Indian airline's parent InterGlobe Aviation Ltd, CNBC Awaaz said in a report, citing sources.

Amid rising competition, Air India may reward talent with 8-10% salary hike

This is the first performance review of employees since the Tata Group took control of Air India

Long-term aim to reduce costs of operation by 30-50%: Adani Airports CEO

India overall lacks aviation capability, he said

India dampens hopes for more air access in drive to be aviation force

We are going to see an explosion of air traffic in India in the years to come, he said, adding he wanted domestic carriers to look at international expansion with greater focus

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.

India not looking to increase air traffic rights for UAE, says Scindia

India is one of the world's fastest-growing aviation markets where demand for air travel is outstripping the supply of planes. Air India last month placed a record order for 470 jets

India will have more than 140 mn air passengers in FY 2024: Scindia

The minister said that India is the third largest domestic market in the world in terms of seat capacity, but in terms of international seat capacity we are still ranked at the 18th position

IndiGo embarking on next level of growth, cost leadership crucial: CEO

IndiGo is embarking on the next level of growth and cost leadership is crucial for the airline, its CEO Pieter Elbers said on Monday. Currently, IndiGo operates around 1,800 daily flights and has a fleet of more than 300 aircraft. "We are embarking on the next level of growth," Elbers said at a session of CAPA India aviation summit in the national capital. He noted that the V-shaped recovery of the country's aviation sector has been a part of learning. After being significantly hit by the coronavirus pandemic, the aviation sector is on a strong recovery path and the domestic air traffic has almost touched the pre-pandemic levels. Noting that affordable fares are important, Elbers said maintaining cost leadership is crucial. The low cost carrier is the country's largest airline with a market share of more than 55 per cent. Responding to a query, Elbers said Indian aviation will move towards more sustainable finance, adding that there is more stability in the market. The airline

Indian airlines to report $1.6-1.8 bn consolidated loss in FY24: CAPA

Indian airlines are projected to record a consolidated loss of USD 1.6 to 1.8 billion in the next financial year, aviation consultancy CAPA India said on Monday. The full service carriers are expected to incur a loss of USD 1.1 to 1.2 billion. According to CAPA India, Indian airlines are estimated to have a net induction of 132 planes next fiscal and will take the total fleet of all carriers to around 816 aircraft. While announcing its outlook for 2023-24, CAPA India also said that more than 100 planes of various Indian carriers are on the ground due to supply chain and non-supply chain issues.

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

Domestic passenger traffic estimated to rise by 54% YoY in Feb: ICRA

Daily departures averaged 2,967, up from 2,044 in February 2022 and 2,900 in January 2023, but down from 3,137 in February 2020

Why the Dakota DC-3 is important to aviation history in India and the world

As Naveen Patnaik unveils a restored Dakota, here's a look back at the aircraft's legacy

Global commercial aviation industry sees more accidents in 2022: IATA

The accident rate in the global commercial aviation industry rose to 1.21 or one accident for every 8,26,088 flights last year, as the number of accidents increased to 39 during the period, according to IATA. In a detailed report released on Tuesday, the International Air Transport Association (IATA) said that however, the fatal accident rate in the global commercial aviation industry improved to 0.16 per million sectors last year compared to 0.27 per million sectors in 2021. The commercial aviation industry suffered 39 total accidents in 2022, an increase from 29 in 2021. "The all accident rate rose from 1.13 per million sectors in 2021 to 1.21 in 2022. Overall, there was one accident for every 8,26,088 flights. This means that a person taking one flight every day, would need to fly for 2,263 years before experiencing an accident," it said. The accident count pertains to commercial aviation operations, specifically scheduled/charter passenger or cargo service. Executive jet ...

Jalan-Kalrock in discussions to order 200 aircraft for Jet Airways

The airline wants to maintain a fleet that allows them to tap the market opportunity in India

AI to operate ferry flight to bring back passengers stranded in Stockholm

Air India on Thursday said it will operate a ferry flight to Stockholm to bring back passengers who were stranded after their flight from Newark was diverted to Sweden's capital on Wednesday. The Boeing 777-300 ER aircraft from Newark to Delhi was diverted to Stockholm on Wednesday morning due to an oil leak in one of the engines. An Air India spokesperson said the ferry flight will be operated with Boeing 777 plane that will fly out from Mumbai at around 2 pm and is expected to reach Stockholm at 11 pm (IST). The ferry flight will take off from Stockholm at around 1 am (IST) on Friday morning and reach Delhi at about 8 am (IST), the spokesperson said. The Newark-Delhi flight had 292 passengers, including 8 infants, 15 cabin crew members and 4 pilots. It had made an emergency landing at the Arlanda airport in Stockholm. The flight had landed safely. In a late evening statement on Wednesday, an Air India spokesperson said the airline was in discussion with the Swedish authorities t

Air India's Newark-Delhi flight diverted to Stockholm due to oil leak

An Air India flight from Newark to Delhi was diverted to Stockholm on Wednesday due to an oil leak in one of the engines, according to a senior official. The senior DGCA official said the flight, operated with Boeing 777-300ER aircraft, had an oil leak in one of the engines. Following the oil leak, the engine was shut down, and later the flight landed safely in Stockholm, the official added. During the ground inspection, oil was seen coming out from the drain mast of engine two, the official said, adding that the inspection is in progress. An airline official said the flight en route from Newark in the US was diverted to Stockholm in Sweden due to a technical issue. On Monday, an Air India flight from New York to Delhi was diverted to London due to a medical emergency.

More airports, connectivity bringing people closer, boosting progress: PM

Prime Minister Narendra Modi on Wednesday said the aviation sector is bringing people closer and boosting national progress with more airports and better connectivity. The prime minister shared a tweet by Civil Aviation Minister Jyotiraditya Scindia about domestic air traffic touching a new post-COVID high of nearly 4.45 lakh on February 19. "More airports and better connectivity...the aviation sector is bringing people closer and boosting national progress," Modi said in a tweet. Prior to COVID, the average daily domestic air passenger number was 3,98,579. In a tweet on Monday, Scindia said domestic air passenger movement scales a new high post-COVID. As many as 4,44,845 passengers were flown by domestic airlines on Sunday. "Yet another milestone! Indian civil continues to soar!," Scindia had said. Currently, there are 147 operational airports in the country. The prime minister is scheduled to inaugurate the newly-constructed airport at Shivamogga in Karnataka on February 27. Th

Domestic aviation traffic continues growth, Jan records 12.5 mn passengers

SpiceJet recorded the highest occupancy of 91 per cent, while Indigo witnessed 82 per cent. Air India and Go First followed with 87.5 per cent and 90.9 per cent of occupancy, respectively

DGCA imposes Rs 20 lakh fine on Air Asia for failing to discharge duties

It has also asked for removal of the airline's Head of Training from his position for three months

AI Express Mumbai-Dubai flight gets delayed by 13 hrs due to technical snag

As many as 170 passengers of an Air India Express flight to Dubai had a tough time at the airport here as the flight was delayed by 13 hours due to a technical snag. The flight, which was scheduled to take off for Dubai at 3 pm on Thursday, finally left at 4 am on Friday. In a statement, Tata Group-owned Air India Express said it provided assistance to some 50 passengers, who had special requirements, including the lounge facility. However, the remaining 120 passengers were kept at the airport terminal building, an airline source said. A total of 170 passengers were booked for the flight. Significantly, Tata Group operates at least four luxury hotels in the city with one in the domestic airport terminal premises itself. "Air India Express flight IX 247 on Mumbai-Dubai route on February 9, 2023 had a progressive delay due to a technical snag, which was beyond the control of the airline," the airline said. "We made all possible efforts to minimise the difficulties of our guests, di