Page 13 - Aviation Industry

Air India sale: A previously rejected plan resurfaces as a fall-back option

The fall-back option under discussion is to allow Air India Express to raise money through the market by listing on the bourses

Covid: No meal service on flights shorter than 2 hours, says govt

This comes as coronavirus cases continue to soar in the country

A soaring flight plan: Bird Group eyes Air India's ground handling arm

The promoter-brothers, distant cousins to IndiGo's Rahul Bhatia, are eyeing Air India's ground handling subsidiary to augment their aviation services business even as they make a big play in EVs

How the second Covid-19 wave could mar the summer of recovery for airlines

Occupancy in airlines is down to 60 per cent as number of cases rises and states impose travel curbs

Mumbai airport traffic drops 46% to around 5 mn in January-March period

Passenger traffic at city's Chhatrapati Shivaji Maharaj International Airport plunged 46 to 5,091,000 passengers in the January-March period of this year over the same period year ago due to Covid

European Union approves $4.7 billion in state aid to carrier Air France

The European Union has approved USD 4.7 billion in government aid for national carrier Air France as it struggles through the economic impact of the COVID-19 pandemic.

The million-dollar question: Is Air India saleable in its present avatar?

The ifs and buts around its sale are growing day by day

Airlines, hotels stare at uncertain future amid new curbs in Maharashtra

Tightening of travel restrictions and introduction of RT-PCR tests by more states had led to a near flat air traffic growth in Feb and demand will be dented further due to new curbs in Maharashtra.

SpiceJet introduces 'zero change fee' offer for domestic flights

SpiceJet has introduced a 'zero change fee' offer under which passengers can modify dates or names on the ticket

SpiceJet ties up with Avenue for sales and lease-back of up to 50 aircraft

Budget carrier SpiceJet on Wednesday said it has signed an initial pact with New York-based global investment firm Avenue Capital Group for financing, acquisition and sales & lease-back of up to 50 new aircraft to be ordered by the airline. The memorandum of understanding, signed between the two partners, sets out the next steps and conditions upon which Avenue will assist with placing of SpiceJet's new aircraft portfolio including sale and lease-back of and also assumption of ownership of potentially up to 50 of these aircraft, the company said in a statement. Founded in 1995 by Marc Lasry,the multinational firm is a pioneer in distressed debt besides having expertise in aircraft leasing. The company has identified the new planes to be ordered by the airline as a unique opportunity for investment, SpiceJet said. "We are delighted to enter into this strategic alliance with Avenue Capital Group and we look forward to closely working with them. This alliance will ensure a seamless ..

DGCA approves 3,282 daily flights for summer schedule: Check details here

Operations have started with only 2,691 flights

Airbus sees medium-haul air travel recovery by 2023, says report

Chief Executive Guillaume Faury said on a webcast on Tuesday that the recovery in air travel in Europe had been "very disappointing" so far in 2021 but that traffic was rebounding in the United States

A flight of fancy in Worli

Top representatives of Banana Republic Securities and Mumbai Airline's bosses meet in Worli to discuss IPO plans of the airline

GoAir's IPO plan in midst of Covid-19 pandemic flies in the face of logic

GoAir's IPO plan has been in the making for several years - this is reportedly the sixth such plan - but the pandemic has made it an imperative after the airline's bankers refused it further loan

Refunds given for 99% tickets of flights cancelled during lockdown: IndiGo

Budget carrier IndiGo said on Wednesday it has processed 99.95 per cent of the total amount owed to passengers whose flights got cancelled during the two-month lockdown

Suspension of international passenger flights extended till April 30

The coronavirus-induced suspension of scheduled international passenger flights has been extended till April 30, Indian aviation regulator Directorate General of Civil Aviation (DGCA) said on Tuesday. "However, international scheduled flights may be allowed on selected routes by the competent authority on a case-to-case basis," the DGCA added. Scheduled international passenger services have been suspended in India since March 23, 2020, due to the COVID-19 pandemic. But special international flights have been operating under the Vande Bharat Mission since May and under bilateral "air bubble" arrangements with selected countries since July. India has formed air bubble pacts with 27 countries, including the US, the UK, the UAE, Kenya, Bhutan and France. Under an air bubble pact between two countries, special international flights can be operated by their airlines between their territories. The DGCA circular also said that the suspension does not affect the operation of international .

Jeh Wadia steps down as GoAir MD, Ben Baldanza made vice chairman

Jeh Wadia will continue to be part of the airline's board, said the company that is planning an initial public offering (IPO)

British Airways owner IAG raises $1.4 billion to ride out travel turmoil

IAG, which is burning through about 185 million euros a week as a result of the pandemic, has been cutting costs while flying only 20% of its normal capacity

GoAir plans to add new routes ahead of IPO, looks to hire senior executives

The airline currently operates 37 of its total fleet of 53 Airbus A320 aircraft

Former Jet Airways CEO Vinay Dube plans to launch a new airline in 2021

Dube has teamed up with his airline colleagues Praveen Iyer and Nikhil Ved for the venture and has held talks with aircraft manufacturers Airbus and Boeing