Page 19 - Aviation Industry

IndiGo to raise $268 mn via sale, leaseback of planes and other assets

Airlines globally are looking for ways boost their finances after the coronavirus crisis kept travellers at home

Covid-19 impact: Govt extends cap on airline capacity, fares till Nov 24

On June 26, the government had had allowed airlines to increase flights upto 45% of their total capacity, from the initial cap of one- third of their total capacity.

Domestic airfare cap to remain in place till November 24: Aviation Ministry

Domestic passenger services resumed on May 25 after nearly two months of suspension to combat the coronavirus outbreak.

Pay cuts can trigger 'desperate, extreme acts': Air India pilots to govt

The pilots said employees may be forced to challenge the decision in court, which might be a hurdle for the privatisation process

No employee will lose job, says Air India, but cuts allowances by up to 50%

On Wednesday, Air India announced reduction in the allowances of its employees, who have a monthly gross salary of more than Rs 25,000, by up to 50 per cent

IndiGo to cut 10% workforce to control impact of Covid-19 pandemic

The airline with more than 50 percent market share is one of the largest job creators in the Indian aviation industry due to its size

Top headlines: Debt to hit 87.6% in FY21, Amazon boosts MSME exports & more

Here are the top headlines of the day

Covid-19 impact: In June, airlines could only fill two-thirds of seats

The passenger load factor of major scheduled commercial airlines stood between 54 per cent and 68 per cent, which means carriers were able to fill up to two thirds of the total seats in June.

Best of BS Opinion: A military set free, search for Covid-19 vaccine & more

Here's a selection of Business Standard Opinion pieces for the day

AirAsia India's valuation halves in past one year amid mounting losses

AirAsia Group's 49% stake in JV valued at Rs 550 cr amid sale talks

Post-Covid transport recast

Consumer interest must be protected if travel maps are redrawn

Airlines staring at Rs 1.1-trillion loss over 3 years: CRISIL Research

Airlines are unlikely to recoup this loss as growth is not expected to return to pre-pandemic levels of double-digit increase at least in the medium term, CRISIL Research said.

For AirAsia's Tony Fernandes, business in India makes little sense now

With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013

Maintain paycut parity across all employees: Air India pilots to management

For the senior management, the pay cut is between 1.5% to 2%, while it is 30% for the pilots

SpiceJet offers coronavirus hospitalisation insurance to passengers

"Passengers can opt for the insurance cover ranging between Rs 50,000 and Rs 3,00,000 at a premium for as low as Rs 443 to Rs 1,564 a year (including GST)," the airline said.

Rolls-Royce burns through 3 billion pounds, expects more cash outflows

The British company, which makes engines for the Boeing 787 and Airbus 350, said flying hours fell 75% in April, May and June, and it had only seen a marginal improvement since

United Airlines sending layoff notices to nearly half of its US employees

In the clearest signal yet of how deeply the virus outbreak is hurting the airline industry, United Airlines will send layoff warnings to 36,000 employees, nearly half its US staff

Tata Sons in talks to acquire AirAsia India stake at a steep discount

The Tata group is likely to tie up with other financial investors to acquire its Malaysian partner's 49 per cent stake in AirAsia India, said banking sources.

AirAsia Group weighs raising about $234 million through rights issue

The budget carrier is working with an adviser on the planned capital raising, said the person, who asked not to be named as the information is private.

Some flights from India likely 'soon' for Indians with valid permits: UAE

India suspended all scheduled international passenger flights on March 23 due to the coronavirus pandemic.