Page 10 - Aviation Sector

Aviation stocks rise as regular intl flights to resume, but crude a concern

Airlines currently face a challenging time ahead on account of record high ATF prices, which are likely to increase further on the back of Russia-Ukraine conflict, says an analyst

Aviation sector veteran Sanjiv Kapoor appointed CEO of Jet Airways

Kapoor is currently the president of Oberoi Hotels and Resorts. Prior to joining the Oberoi group, he was the chief strategy and commercial officer at Vistara.

Domestic aviation industry may report Rs 26,000 cr loss this fiscal: Icra

The ratings agency also estimates that the industry will require an additional funding in the range of Rs 20,000-22,000 crore during FY22-FY24

SpiceJet to start six direct flights to Bangkok from March 10

The airline will be deploying B737 aircraft to operate all India-Bangkok flights, it stated, adding the Kolkata-Bangkok flight and the return flight will begin from March 10

Domestic air traffic to cross pre-Covid levels in next 2 months: Scindia

The country's civil aviation sector was significantly impacted by the coronavirus pandemic and the sector's loss was around Rs 19,000 crore in the last fiscal ended March 2021

Devas recovery suit: Air India wins nod to appeal against Canadian ruling

Air India has sought dismissal of the demand by Devas' foreign investors saying it is no longer a state-owned firm after its takeover by the Tata group on January 27, 2022

IndiGo takes delivery of first Airbus plane operating on sustainable fuel

Any fuel that has lower carbon emissions than conventional kerosene is known as Sustainable Aviation Fuel (SAF)

6.4 million domestic passengers in Jan; 43% lower than Dec: DGCA

Around 64.08 lakh domestic passengers travelled by air in January, approximately 43 per cent lower than the 1.12 crore who travelled in December, Indian aviation regulator said on Friday

Ethiopian Airlines' Boeing 737 MAX back in the sky 3 years after crash

Ethiopian Airlines, Africa's largest aviation group, flew its Boeing 737 MAX jet for the first time on Tuesday after a tragic crash in 2019.

Gati Shakti will be achieved if Centre, states work together: Scindia

The multi-modal connectivity envisaged under "PM Gati Shakti" will be achieved if the Centre and all the 36 states and Union territories work together, Aviation Minister Jyotiraditya Scindia said

Economic Survey: Indian aviation sector has started to rebound

The Indian aviation sector has started to rebound with accelerated pace of Covid-19 vaccine roll-out and easing of travel restrictions globally, stated the Economic Survey released on Monday

Win-win deal: Why Air India privatisation has drawn little to no criticism

That such a deal can be greeted with celebration in the camps of both buyer and seller speaks volumes about the airline and its recent history, writes T N Ninan

Govt asks airlines to enforce one handbag rule to ease airport congestion

Airline execs say the rule is conflicting as it permits a passenger to carry multiple other things like laptop bag, ladies' hand bag, blanket, item bought at duty free shops

American Airlines reports $931 million fourth-quarter loss over Omicron

American Airlines lost USD 931 million in the fourth quarter and the omicron variant of COVID-19 is delaying its recovery from nearly two years of pandemic.

Airlines forced to cancel flights as omicron hits demand and frontline crew

IndiGo to reduce 20% of capacity and waive change fees for all bookings

Canadian court quashes seizure of AAI dues, limits action against Air India

Decisions are part of a judgment delivered by Superior Court of Quebec on pleas by India against separate garnishment orders which led to seizure of over $30 million

Budget carrier IndiGo warns of higher fares on West Bengal routes

IndiGo limits flights connecting West Bengal to Delhi, Mumbai to only Monday and Friday

Passengers' Gain: Competition to soar as new players enter aviation sector

Competition is expected to soar in India's aviation sector during 2022, as new players enter the industry along with deeper penetration of air transport in hinterland

Omicron a concern, but unlikely to hinder aviation sector's 2022 flight

India's aviation sector is expected to maintain its high growth altitude in 2022 on a year-on-year basis, despite fears triggered by the new Omicron Covid-19 variant.

SpiceJet says HC has stayed its earlier order of winding up the airline

The carrier said it has a good case on merits and was hopeful of having favourable outcome in the appeal