Page 22 - Aviation Industry

Singapore Airlines gets $13 bn lifeline from Temasek amid Covid-19 outbreak

Many governments worldwide have already stepped in to help airlines amid the virus-induced travel slump, with the United States offering $58 billion in aid

US Senate offers $58 bn aid to airlines as they struggle to stay afloat

The US Senate passed an industry aid package, half in the form of grants to cover some 750,000 employees' paychecks

Coronavirus: Aviation sector stares at $3.6 bn loss in Q1 on lockdown

The CAPA also sought "urgent" government intervention and coordinated industry response to address all the requirement of the aviation industry

Coronavirus: The new fear of flying could change face of global aviation

People occupying seats within a metre of the infected person on an plane have the highest chance of getting infected but airlines would prefer airports, and not aircraft, to change

Valuation of Air India set to take a knock amid coronavirus outbreak

The aviation industry is expected to make a loss of $67 billion in 2020 and several airlines are expected to file for bankruptcy in the coming months

NPA norms may be eased, tax deferment likely in coronavirus healing touch

These are among the measures that could be discussed in the Covid-19 Economic Response Task Force

Covid-19: Asian airlines face revenue shortfall of over $60 bn this year

AAPA urged all governments to take immediate action to address the societal impact of the world's worst public health crisis in a century

Airlines, travel agents seek relief as they fly into coronavirus turbulence

Globally, airlines have grounded aircraft and slashed flights as governments have suspended visas and restricted travel to stop the spread of Covid-19

Coronavirus pandemic: How Covid-19 led to global market rout, hit economy

Many seminars, movie releases - James Bond movie - No Time To Die, Sooryavanshi, Mulan, Fast 9 - have been postponed. Rock concerts have aken a hit.

Coronavirus may halt tourism, aviation; Visa suspension to cost Rs 85 bn

Assocham Tourism and Hospitality Council Chairman Subhash Goyal said since the outbreak of coronavirus, the aviation and tourism industries in India have been adversely affected.

Airlines seek relief package from govt after coronavirus outbreak hits biz

Airlines sought a limited period concession of the standing rule of slot allocation, which mandates that firms must operate at least 80 per cent of their allocated slots

Civil aviation ministry may accept IATA demand for suspension of slot rules

IATA, which represents over 250 airlines, has requested global regulators for suspension of the rules in view of the coronavirus outbreak

Coronavirus scare may erase $29 bn from global airlines' revenue, says IATA

The contraction comes at a time when Asian airlines' sales had been growing, the group said

After challenging 2019, will 2020 be jet, set and go for Indian aviation

From good times, India's airlines flew into hard times last year, with cut-throat competition ensuring cheap tickets but also pushing some companies in the red. Here is what 2020 might hold for them

Air India sale: Sweeteners galore for the bidders in govt's new EoI

Prospective buyers can now sell off the airline after a year, require reduced net worth to be eligible and don't need to have shown profits in the past to be eligible for bidding

What may lie ahead in 2020

Nobody can anticipate, let alone predict, what Mr Modi will do in 2020.

Higher incremental capacity, load factors to boost SpiceJet's market share

SpiceJet reported 93 per cent load factor for November, led by a 45 per cent jump in passenger traffic

Moderate slowdown in global passenger demand growth in October: IATA

October international passenger demand rose 3.2 per cent compared to October 2018

Aviation minister's Air India remark may scare passengers: Employees' union

The employees' union called hardeep Singh Puri's comment on Air India to be shut down if not privatised 'highly damaging' which will have 'massive financial implications'.

How aviation industry is planning to counter 'flight shaming', Greta effect

Flight shaming has dented demand in Europe, particularly in northern parts but also in the United Kingdom, France, and Germany.