Page 6 - Aviation Sector

Kalrock Capital says raids on promoter will not impact Jet revival

'Florian confirms that neither Kalrock Capital Partners nor Jet Airways have any connection with these ongoing investigations, or the charges made thereunder'

Raids on Kalrock Capital's investor: Jet Airways hopes to escape unhurt

The sources said that the raids are on an individual and do not amount to culpability. Also, the investor in the consortium is the PE fund and not an individual

65% of passengers want cap on airfares, says LocalCircles survey

Sixty-five per cent of surveyed passengers want the civil aviation ministry to reintroduce a cap on airfares, according to a survey carried out by LocalCircles

Over 75 planes of Indian carriers grounded due to engine issues: Report

Aviation consultancy firm CAPA said on Tuesday said that more than 75 planes of Indian carriers are currently grounded due to maintenance and engine-related issues. These planes, which account for around 10-12 per cent of the Indian fleet, are grounded due to maintenance or engine-related issues. "These will have a significant impact on financials in the second half," CAPA said in its India Mid-Year Outlook 2023 released on Tuesday. As per the report, more than 75 aircraft are currently grounded, creating serious challenges against the backdrop of an already hostile cost environment and contributing to increased losses. The capacity has been impacted by serious supply chain issues impacting current and future deliveries, it said, adding that these issues are likely to proliferate in the fiscal starting April 2023 which, in turn, will impact future deliveries, the report said. Significantly none of the domestic airlines, including two listed companies -- IndiGo and SpiceJet -- have

IndiGo asks MoCA to extend wet lease period for wide body aircraft

A wide body plane like B777 has a bigger fuel tank than narrow body aircraft like A320, which allows the former to traverse longer distances

Go First takes two ECLGS loans totaling Rs 203.5 crore amid cash crunch

Go First's loss more than doubled to Rs 1,807.91 crore in FY22 due to US-based Pratt and Whitney's delay in supplying engines and multiple waves of Covid-19 that affected air travel

Aircraft bird strike incidents rise by 49.3% in January-July period

DGCA official says all airport operators advised to conduct awareness campaigns in schools and localities around airports regarding proper garbage disposal

Vistara cancels 14 int'l flights due to delay in delivery of B787 aircraft

Vistara had bought six Dreamliners from Boeing in 2018 but has received only two from the American plane-maker

DGCA removes 50% capacity cap on SpiceJet flights from October 30

The DGCA on Friday also approved Indian carriers' winter schedule. Indian carriers will operate 21,941 weekly flights, 1.55% less during the season compared to the previous winter season, it noted.

IndiGo flight to Arunachal soon as Donyi Polo Airport gets operation ready

The foundation stone of the Donyi Polo Airport was laid in 2019. Situated nearly 14 km south of the city centre, the airport will serve Itanagar

About Rs 95,000 cr to be invested in aviation sector in next 4 yrs: Scindia

Stressing on the importance of helipads in providing last-mile connectivity, Civil Aviation Minister Jyotiraditya Scindia on Tuesday urged the states to set up helipads in every district.

Air traffic volume may recover to pre-pandemic level in FY23: CRISIL

The air traffic volume is expected to increase to the fiscal 2020 level of around 340 million passengers in FY23

DGCA asks SpiceJet to get engine oil samples of entire Q400 fleet examined

Following a recent incident of smoke in a SpiceJet plane cabin, the aviation regulator DGCA has directed the airline to send the engine oil samples of the entire Q400 fleet consisting of 14 operational aircraft to Pratt & Whitney Canada to ascertain the presence of metal and carbon seat particles.

FinMin allows airlines to avail up to Rs 1,500 crore loan under ECLGS

The Finance Ministry's decision is likely to benefit financially-beleaguered airlines, such as SpiceJet, which have been looking for the Centre's assistance to run their operations

Indian airlines revamp their in-flight menus amid intense competition

Air India latest carrier to update menu, but others have tweaked their offerings too

Flying on time: TCS-developed app powers AirAsia India's punctuality record

At No 3 in early 2022, the airline has topped the on-time performance for five straight months since April

Air India's future market share depends on aviation sector's probabilities

Its aim for a third of the domestic market by 2027 is contingent on a host of factors, many of them outside its control

Centre launches indigenously-developed aviation fuel AVGAS 100 LL

Puri said that the launch is important to serve the needs of a thriving aviation industry with increase in footfall at airports, rise in number of aircraft and for pilot training in future

Akasa Air grounds B737 Max aircraft after noticing engine fuel leak

Carrier operating with three planes, will source spare parts to repair the engine fuel pump

SpiceJet sends 80 pilots on leave without pay for three mths to prune costs

Loss making airline is currently operating less than half its flights, following a July 27 DGCA order brought on by a spate of incidents