Page 7 - Civil Aviation Sector

Indian airlines may suffer $11.2 bn revenue loss, 2.9 mn jobs at risk: IATA

IATA called for a combination of direct financial support, loans, loan guarantees and support for the corporate bond market, and tax relief

IndiGo seeks deferment of aircraft lease rental payments by 6 mnths: Report

Airlines are grappling with acute financial woes as commercial services remain suspended in the wake of the nationwide lockdown to curb spreading of coronavirus

Flight curbs to be lifted when coronavirus is under control, says minister

Hardeep Singh Puri also said a directive was issued on Sunday to airlines, restraining them from doing open bookings since they did not heed to government's advice in the matter

Covid-19 impact: GoAir employees to go on leave without pay until May 3

Most of the airlines had chalked out their plans to resume services from April 15 in expectation that the lockdown will be lifted

Covid-19: Full refund if you booked air tickets from March 25 to April 14

Many have been complaining on social media as airlines have decided not to give refunds in cash for cancelled flights and are instead issuing credit for future travel.

Flight curbs will be lifted once Covid-19 is under control, says Puri

India has imposed a 21-day lockdown from March 25 to curb the coronavirus pandemic

Domestic air traffic to fall from 140 mn to 90 mn due to covid-19: CAPA

Domestic air traffic is expected to drop to 80-90 million passengers in the current fiscal and delivery of more than 200 planes to Indian carriers are likely to be deferred by up to two years, according to a report. "The combination of COVID-related travel restrictions and an economic downturn is likelyto result in 1Q FY2021 being a virtual washout for the Indian industry. "The second quarteris historically the weakest period for demand and hence airlines are only likely to limp back into recovery," aviation consultancy CAPA India said on Monday. As a result, CAPA said the majority of the fleet is likely to be surplus to requirement during the first half of the current financial year. In its report titled 'COVID-19 & the State of Indian Aviation Industry,' the aviation consultancy forecast domestic traffic to decline to around 80-90 million this fiscal from an estimated 140 million in FY2020. International traffic is expected to fall from approximately 70 million in the previous .

Air Deccan ceases operations, employees put on sabbatical without pay

Air Deccan served four destinations within Gujarat

Revival, not survival

Going ahead, the government's policy actions for the aviation sector needs to be less myopic

Airbus says India will require 1,880 new passenger, cargo aircraft by 2038

The 20-year traffic growth in the Indian aviation sector is pegged at 7.7%, almost twice the world average of 4.3%

GMR airports achieves 'concession commencement date' to build in Greece

The Concession Period for the project is 35 years including Phase 1 Construction of five years

Bill to amend Aircraft Act introduced; proposes fine of up to Rs 1 crore

A few other provisions would also be made part of the law that will also help in complying with the International Civil Aviation Organization's (ICAO) requirements

Air India sets up panel to address privatisation-related issues of staff

The panel has been set up a day after discussions between Civil Aviation Minister Hardeep Singh Puri and representatives of various Air India unions

Govt must step in to encourage service providers: Aviation minister HS Puri

Speaking of privatisation in the civil aviation industry, the minister said it will help in strengthening and expanding the sector

Relief to airlines: Govt scraps fuel throughput charge at all airports

Fuel throughput charge scrapped; carriers to save Rs 500 crore a year

Jet lenders to invite fresh bids as parties are willing to revive airline

The CoC will vote on restarting the bid process on Friday and the results will be out on Saturday

'Golden age' for aviation sector; huge opportunities ahead: IndiGo chief

Bringing ATF under the Goods and Services Tax (GST) has been a long pending demand of the airline industry

Govt considers adding more teeth to aviation regulators ahead of ICAO audit

Centre moves to amend law; airlines, airports may face fines of up to Rs 1 crore

More flights to take to the skies this winter despite economic slowdown

The number of weekly flights in the upcoming winter schedule is 1.2 per cent higher than the 23,117 operated during the previous winter schedule

A penny in time

Use the money saved post Air India's sale to set up two credible safety organisations in India