Page 7 - Aviation Sector

Akasa Air filled 53% seats in August, accounting for 0.2% market share

Top-6 carriers posted much higher seat occupancy; experts say not much can be read into Akasa's load factor as airline is at a very nascent stage

Five-year transformation goal: Air India eyes 30% domestic share

Air India, as it operates wide-body planes with bigger fuel tanks, is the market leader on long international routes that reach as far as the US

Recovery tracker: Workplace visits at record high; air traffic declines

There were around 314,000 air passengers as of Sunday, September 4, based on a rolling seven-day average. It was around 331,000 as of Sunday, August 28

Could an Indian airline be in race for SriLankan Airlines stake buy?

Even if things improve, it would be hard to keep funding the airline's operations, as the airline has been bleeding money for a while.

India's air traffic may grow annually by average 7% till 2040: Boeing

Boeing said on Thursday that India has on average 23 million people travelling using trains daily and even if one per cent of them shift to the aviation market, the air traffic will double

SpiceJet reports combined loss of Rs 1,247 crore in Q4FY22 and Q1FY23

SpiceJet incurred net losses of Rs 316 crore, Rs 934 crore, and Rs 998 crore in FY19, FY20, and FY21, respectively

Capt R S Sandhu to continue as Chief of Operations of Air India

Air India announced that Captain Rajwinder Singh Sandhu will continue to lead as Chief of Operations of the airline till further notice

New pricing model aiming to prune jet fuel cost by 15% likely in two months

OMCs to shift to single uniform system instead of the prevailing dual pricing mechanism for domestic and overseas airlines

Before his death, Jhunjhunwala & family became Akasa's biggest shareholders

Three trusts named after his twin sons and daughter now hold 27% stake in firm; combined family holding at 46%

Domestic air traffic drops 7.7% in July on the back of higher fares

Despite adverse reports regarding safety and DGCA curbs, SpiceJet reported the highest seat occupancy (84.7 per cent). AirAsia India had the highest on-time performance (95.5 per cent )

Akasa Air has strong financials to place order for more planes: CEO

The Jhunjhunwala family holds stakes in the airline through three discretionary trusts

Rakesh Jhunjhunwala bet big on Akasa, said its take-off changed the game

In his last public appearance, the ace investor gave India's aviation the lift-off it needed

ATF price fall would benefit airlines under pressure: Jyotiraditya Scindia

Notably, ATF prices have been coming down during the last few weeks after jumping to record levels, primarily due to the Russia-Ukraine war that began on February 24.

SpiceJet launches taxi service for its passengers at 28 airports

Passengers booking SpiceJet flights will receive an SMS with details of the SpiceJet taxi service, the airline said in a statement noted

Govt to remove domestic fare caps imposed on airlines August 31 onwards

But aviation executives don't see a major immediate impact

Civil aviation sector to employ 100,000 more people by 2024: Ministry

During 2019, 2020 and 2021, at least 2,368, 400 and 296 pilots were recruited, the aviation ministry stated

Aviation majors in fray to operate copter taxis in Uttar Pradesh

After expressways, Yogi 2.0 is betting on airports, heliports

India's civil aviation to see phenomenal, healthy growth: Scindia

The country's civil aviation sector is poised for a phenomenal and healthy growth in terms of passengers, aircraft and airports, with the number of air travellers projected to touch 400 mn by 2027

Airline glitches: Aircraft maintenance sector in dire need of maintenance

Pool of engineers increasing every year, though jobs have failed to keep pace

IndiGo Q1 results: Net loss narrows to Rs 1,064 cr; revenue surges 328%

'While our financial performance in the second quarter will be challenged by weak seasonality, the long-term revenue trend remains strong,' says airline's CEO