Page 17 - Aviation Industry

Lower fare limits to apply to premium economy class seats: Aviation Min

Among the Indian domestic carriers, only Vistara has premium economy class seats in its flights

Smart or rash? SpiceJet flies in the face of logic amid Covid-19 pandemic

Some admire the way the airline has reacted to Covid crisis but with the airline announcing plans last week to start direct flights to London in the winter of 2020, the list of naysayers is growing

Air ticket refund, international flights in Unlock 5: Key updates to know

Listen to the Podcast to know about Supreme Court's order on refund of tickets, travel bans, options for Indians who want to fly abroad and more

Lufthansa cancels flights to India after govt proposes more curbs

India formalised an air bubble with Germany in July 2020. An air bubble arrangement allows nationals of both the countries to travel in either direction

IATA reduces global air traffic outlook as coronavirus crisis drags on

Full-year passenger traffic is set to decline 66%, the International Air Transport Association (IATA) said, compared with a previously forecast 63% decline

Silver lining in a darkening sky

Confidence that aircraft can be safely boarded is slowly returning

Six months after Covid-19 lockdown: Airlines, hotels try to journey back

Faced with their worst crisis and without any financial assistance from the government, the viability of the Indian aviation and tourism industry is in peril

Estimated 9,488 pilots required in next five years: Hardeep Singh Puri

The total number of pilots employed in the country with scheduled airlines at present is 9,073

AirAsia India's short history suggests experience helps to run aviation biz

Airline chief Tony Fernandes' "out-of-the-box" choices of CEOs have proved to be disastrous for AirAsia

Caught in Covid air pocket, SpiceJet posts Rs 593-crore pre-tax loss in Q1

Market leader IndiGo had registered a pre-tax loss of Rs 2,849 crore during the same period

India has one of the better air safety indicators in the world, says Puri

Aircraft accidents in India in 2019 were just 0.82 per million flights as compared to the global average of 3.02, he noted.

Govt planning to absorb large portion of Air India's debt to woo buyers

Airline has Rs 23,286-cr debt; GoM likely to take a decision on the proposal in two weeks

World's top 10 airline stocks are all Chinese, except IndiGo: Report

A Bloomberg gauge of the sector shows nine of the world's top 10 airline stocks over the past three months are Chinese, with all but Air China shares posting double-digit gains

Air passenger traffic grows 26% sequentially in August, says Icra

Passenger traffic on year-on-year basis, however, plunged by 77 per cent in August, Icra said

Banks may restructure loans worth more than Rs 10 trn to 5-6 key sectors

Finance Minister Nirmala Sitharaman last week asked banks and NBFCs to roll out one-time loan restructuring scheme for Covid-19 related stress by September 15

Air India to operate direct Kolkata-London flights from September 16

The flights between NSC Bose International Airport here and Heathrow in London will operate twice a week from September 16 to October 24

GoAir to add over 100 new flights in domestic network from Sept 5

The airline also said it expects the capacity to reach 45% of the pre-Covid-19 level by September 21 and by October 15 to 60% of what it was operating prior to the emergence of the pandemic

SC directive is a big relief for stressed firms with cash flow issues

Cash flows of airlines, hotels, SSIs yet to recover

Government allows airlines to increase capacity upto 60% of total capacity

Indian airlines resumed their domestic operations from 25 May after being grounded for two months due to the lockdown to contain Covid-19 pandemic

Hospitality, aviation, tourism firms likely to seek loan recast: Bankers

Micro, small and medium enterprises (MSME) are already covered under the ongoing restructuring scheme which was tweaked earlier this month to cover those impacted by Covid-19 crisis