Page 22 - Aviation Sector

Airlines may ground 68% planes amid coronavirus outbreak, says govt

The firms currently have 633 aircraft and the government said they would operate only 200 of these

Economic environment in aviation sector has deteriorated: IndiGo official

Asking the pilots to not believe any hearsay, Mitra added that the airline will keep them updated

Coronavirus: India mulls up to $1.6 bn rescue package for aviation sector

The Finance Ministry is considering a proposal that includes temporary suspension of most taxes levied on the sector

Coronavirus outbreak could make airlines bankrupt by May-end: CAPA

Many airlines have probably been driven into technical bankruptcy or substantially breached debt covenants already, Sydney-based consultancy CAPA Centre for Aviation warned in a statement Monday

US airlines seek $50 billion government bailout after coronavirus outbreak

The US airlines warned that without action all of their members could run out of money by year-end - and even sooner if credit card companies stared withholding payments

No need for aviation sector to worry about coronavirus: Hardeep Puri

The civil aviation minister asserted that agencies under his ministry were able to effectively monitor airports against the spread of coronavirus without causing any panic

Seat capacity drops up to 100% on China, SE Asian routes over Coronavirus

There are 30 international airports in the country and on an average, these aerodromes receive about 70,000 international passengers

Domestic flight occupancy drops 15% as Coronavirus sparks fear of flying

With domestic travel, generating bulk of the revenue for carriers slowing down, the slump in crude oil price will provide limited relief for airlines

Coronavirus casts chill over aviation outlook despite Asian growth

Tinseth said that the cargo business will likely be flat this year and that growth in aircraft sales is likely to fall below its forecast of 2.5-2.7% in 2020

A new, alien animal

The aviation sector in India has undergone a structural change - from one dominated by personalities to one dominated by well... nothingness

UK group to invest Rs 950 crore in Turbo Aviation's new airline TruStar

Founded by V Umesh, Turbo Aviation is planning to launch a new airline called TruStar to run the commuter air services under UDAN scheme starting next year

Turbo Aviation to launch low-cost airline, fly on Udan routes by mid-2020

The company has already signed a partnership deal with a UK business group for a $100-million funding support to speed up the launch process

Airlines fail to gain from fuel price cut, may post $600 mn loss in FY20

The financial projections are based on the assumptions that oil prices are in the range of $60-65 per barrel, exchange rate is Rs 70-72 against USD and that airlines maintain pricing discipline.

Can an aircraft fix solve air pollution issue? This French firm claims so

Sounds surreal? If things remain on track, a wild disruptive imagination from Thales, an innovation giant, may become a reality as early as in the next five years

SpiceJet faces liquidity crunch, plans to raise Rs 750 crore via QIP

The prolonged grounding of the Boeing 737 MAX aircraft has put pressure on the airline's cost control

Airlines may go telcos' way if low-fare regime does not end: SpiceJet CEO

If Indian airlines do not follow pricing discipline, they will see a similar financial strain: Ajay Singh

Warburg Pincus sells airline services firm Accelya to Vista Equity Partners

Warburg Pincus bought Accelya from French private equity firm Chequers Capital in 2017

Boeing drops automation system used to build 777 jets on reliability issue

Boeing had faced delays last year when the fuselage automated upright build machine was tried out on existing versions of the 777

Restructuring to save South African Airways $47 bn, but affect 944 jobs

If you look at the 944 employees (who could lose their jobs), it's estimated, depending on how the process pans out, it could save the company about 700 million rand.

More flights for Saudi Arabia as govt hikes seat quota by 78% to 50,000

Indian carriers don't oppose proposal to hike the quota as there is limited onward traffic over Saudi Arabia