In order to increase domestic aircraft production, Russia has declared intentions to invest over $14 billion in the aviation sector by the end of the decade. Deputy Prime Minister Yury Borisov said in a televised meeting of government officials that the aim is for 81% of the planes operated by Russian airlines to be domestically made by 2030. Russia is now turning to domestic aircraft manufacture in an effort to... Read More
According to analysts, a number of economic reasons may cause "turbulence" in the aviation sector following the summer vacation boom. It is undeniable that right now, with individuals anxious to escape their COVID-19 suffering after two years, flight traffic is positively soaring. Inflation, the potential for a recession, and Russia's aggression on Ukraine have all raised concerns at this week's annual convention of the Airports Council International (ACI) Europe in... Read More
According to the International Air Transport Association's annual forecasts, losses in the global aviation industry are predicted to drop from $42.1 billion last year to $9.7 billion in 2022 as efficiency improvements and increasing yields balance off rising labour and fuel costs. The estimates were released Monday at the annual general meeting of the global industry body. The two-day event is being held at Doha. “Industry-wide profitability in 2023 appears... Read More
European Aviation Industry Struggles With Staff Shortages; Airlines Cancel Hundreds of Flights Ahead of the Peak Summer Season
The aviation industry in Europe is quickly recovering from the effects of the Coronavirus, but, it is experiencing staff shortages, forcing airlines to postpone hundreds of flights ahead of the high summer season. Other airlines, including Deutsche Lufthansa, Air France-KLM, and Ryanair, have indicated that they are experiencing the same issues. Airlines have suffered significant financial losses as a result of job layoffs and government-managed bailouts for certain companies. “We... Read More
According to the latest Economic Survey, the Indian aviation industry has started recovering from the pandemic impact. The increased rollout of the COVID-19 vaccine and the easing of travel restrictions worldwide are cited as the reasons for the betterment of the situation. In 2021, the government implemented several measures to boost the aviation industry. Some of the measures adopted by the Central government include the calibrated opening of the domestic... Read More
IndiGo’s Chief Executive Officer Ronojoy Dutta calls the Indian airline industry ‘chronically ill’ and requests the central Government to implement some life-saving reliefs quickly. The COVID-19 pandemic crippled India’s domestic airlines. They witness a drop in passenger numbers and suffer from the maladies of high price for Aviation Turbine Fuel (ATF), which increase the cost of operations for airlines. Dutta requests to reduce the jet fuel tax from 11% to... Read More
After two years of the pandemic, India’s domestic air travel showed signs of recovery from November 2021. The recovery was soon cut short by the Omicron variant of the COVID-19 virus. Post pandemic, the government planned to reinstate regular international flight schedules from December, which was again postponed due to the rising COVID-19 cases. The number of domestic passengers reduced by 25% in the first week of January 2022. There... Read More
As the travel industry looks to revive with the covid-19 graph going down each passing day and the restrictions on air travel ease, the domestic air traffic has seen an increment of 67% as compared to the previous year and about 24% rise in October alone making it up to around 8.8 million passengers. The season of festivities is also being seen as a reason for the surge. The Recent... Read More
According to the sources from Reuters, the Federal Aviation Administration or FAA has raised severe concerns regarding the plan to use spectrum for 5G wireless networks or aviation safety. The sources also claimed that FAA is planning to issue a formal warning about the same. The aviation industry has been constantly raising their voices against the plan to use the C-Band spectrum for the last year. Currently, the use of... Read More
The Indian aviation industry is facing a severe shortage of right talents, according to an industry analysis report published by Economic Times in collaboration with the staffing company TeamLease. There is a shortage of 500 pilots this year when 1300 pilots are already on the roaster. In terms of cabin crew, there is a deficit of 1350 people when compared to the ideal count of 4900. To perform the duties... Read More
The outbreak of Covid-19 has disrupted the global aviation industry. Since various nations around the globe are following lockdown as precautionary measures to curb the deadly virus, the entire Aviation industry has been banned from commercial operations. Only special cargo and rescue flights are being operated to help people who are stuck at Covid-19 countries and supply essential medical kits. The editor of Jetforce Journeys.com addressed the BBC radio and... Read More
Aviation industry grounded in India at the moment is facing many problems. The industry has requested the government to provide aid in any form possible. Government has been asked to provide a fund influx to the aviation sector so that the airlines can breathe a sigh of relief. Much recently, the Airport Council International (ACI) appealed to the Indian government for temporarily differing the taxes levied on aviation sector till... Read More
COVID-19 has hurt the Indian economy. An already struggling aviation sector is going to lose a lot more business. It is expected that the domestic air traffic is going to fall to 80 to 90 million passengers only this fiscal year. With this, the delivery of more than 200 planes is also going to be put on hold at the moment. This is because the airlines have a severe cash... Read More
IATA 25by2025 Campaign for Better Women Representation in Aviation Industry Now Joined by 59 Airlines
There are some industries where the women representation in the higher level positions is skewed and unfortunately, aviation industry happens to be one of those industries right now. However, things do not necessarily look bleak in this regard. However, the International Air Transport Association (IATA) has started a campaign called 25by2025 in which it seeks to increase the number of women in senior positions (to be defined by the member... Read More
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