Page 21 - Aviation Industry

Domestic aviation sector will need extra Rs 35,000 cr between FY21-23: ICRA

In the forecast, Icra has included an aggregate of all the five private sector players -- IndiGo, SpiceJet, GoAir, Vistara and AirAsia India -- to make the balance sheet

Centre reverses stance, allows domestic flights to resume on May 25

Aviation minister's tweet caught airlines and airports off guard as they were preparing for a resumption from June 1

Covid-19 lockdown: Airlines go for cuts again as grounding may extend

With indications of a longer period of air transport grounding, many airlines are looking at further cuts in employee salary.

Qatar Airways to lay off staff as Covid-19 grounds global aviation industry

The Doha-based carrier offered no figures for the number of employees who will be laid off.

Covid-19 lockdown to cause Rs 25,000 cr loss in revenue to aviation: Crisil

Its estimates indicate that the aviation industry will crash-land this fiscal year with a revenue loss of Rs 24,000 crore to 25,000 crore.

Aviation sector stares at Rs 25,000 cr revenue loss due to lockdown: Report

The losses would reverse the trend growth of 11% per annum the industry has logged over the past ten years, making it one of the most adversely affected sectors of the economy

Domestic aviation industry to incur over Rs 24,000 cr loss in FY21: Report

This would reverse the growth trend of around 11 per cent per annum, which the industry has logged over the past ten years, making it one of the most adversely-affected sectors of the economy

EasyJet reveals hackers accessed 9 mn passengers' travel details, email IDs

It also said that following a forensic investigation, it found that the credit card details of only 2,208 people were accessed and that those affected have already been contacted.

Virgin Atlantic plans to cut over 3,000 jobs amid coronavirus outbreak

The spread of the novel coroanvirus has virtually brought airports around the globe to a standstill, leaving airlines taking drastic steps to make savings.

India's domestic air passenger traffic fell by 11.8% in March, says IATA

The International Air Transport Association (IATA), however, said global passenger traffic dived 52.9 per cent compared to the same period a year ago.

Indian airlines may suffer $11.2 bn revenue loss, 2.9 mn jobs at risk: IATA

IATA called for a combination of direct financial support, loans, loan guarantees and support for the corporate bond market, and tax relief

Covid-19: India told airlines to stop selling tickets, but they wouldn't

Four of the country's top six airlines, which together control 80 per cent of the local market, are selling domestic flight tickets for as soon as the third week of May

Airlines seek 6 month lease rent deferral, rates reduction to cut costs

Aircraft lease rentals account for around 15 per cent of an airline's overall expense and since these are paid in dollars are also subject to currency fluctuation.

Flight curbs to be lifted when coronavirus is under control, says minister

Hardeep Singh Puri also said a directive was issued on Sunday to airlines, restraining them from doing open bookings since they did not heed to government's advice in the matter

Cash support, loans, tax holiday: Ficci seeks bailout package for aviation

It also pitched for deferment of term-loans by up to six months, 180-days credit window by the oil marketing firms and waiving of aircraft insurance premium, among others.

From pharmaceuticals to aviation: The impact of coronavirus crisis

Indian airline operators and airports have been the first and the most adversely affected sector.

Reviewing govt order on refund for tickets booked during lockdown: Vistara

Vistara said it will comply once the government clarifies some of the aspects of the order

Spicejet launches cargo-on-seat flights to carry essentials amid Covid-19

It is the first such service in India. The plane will complete five rounds today

Covid-19: Air Deccan halts operations, staff put on sabbatical without pay

In view of the recent global and domestic issues and directive by Indian regulator to suspend flights till April 14, Air Deccan has no option but to cease operations, a statement said

Airlines, hotels stare at uncertain future amid coronavirus spread: CARE

The aviation industry, which includes airports and their vendors and suppliers, might not fully recover soon from the impact of the coronavirus disease (Covid-19) pandemic.