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November 30th, 2022 12:32 AM 0 COMMENTS

Tata Sons & Singapore Airlines Reach an Agreement on Air India

According to Tuesday's announcement from Tata Sons and Singapore Airlines (SIA), Vistara would be merged with Air India, with a goal of finishing the process by March 2024, subject to regulatory approvals. After that, SIA will own 25.1% of the combined AI-Vistara-AI Express-AirAsia India Pvt Ltd (AAIPL) business, with Tatas owning the remaining 74.9%. SIA Investment As soon as this integration is finished, SIA will invest $250 million, valuing the... Read More

October 16th, 2022 9:50 PM 0 COMMENTS

Star Alliance Member Airlines and the Benefits You Need to Know

[caption id="attachment_64655" align="alignnone" width="1200"] Airbus A340 in Star Livery, Source: Star Alliance[/caption] Star Alliance - you might have noticed it while reading the news or booking tickets on the respective airline's website, where specific airlines assert membership in the Alliance. If you are from India, you may have read our stories citing Air India as a Star Alliance member. What exactly is Star Alliance, and what are the benefits you... Read More

October 6th, 2022 12:36 PM 0 COMMENTS

Finance Ministry Modifies ECLGS; Airlines Can Now Take Up to Rs 1,500 Crore Loan

The Ministry of Finance has given a much-needed boost to the Aviation Sector. Recognising that an efficient and strong civil aviation sector is important for the economic development of the country, the Department of Financial Services (DFS) modified Emergency Credit Line Guarantee Scheme (ECLGS) on Tuesday. Under ECLGS 3.0, airlines can now avail of up to Rs 1,500 crore loan, a move that will help airlines to tide over their... Read More

February 25th, 2022 8:39 PM 0 COMMENTS

Singapore Airlines Reports Its First Profit Since COVID’s Outset

Singapore Airlines Group reported a net profit of S$85 million ($62.8 million) for the third quarter ended December 31st, marking the company's first profit since the COVID pandemic began. The airline credits its success to increased cargo revenues and passenger numbers as a result of Singapore's Vaccinated Travel Lane (VTL) programme. First profitable quarter since December 2019 Singapore Airlines Group (SIA) has reported its first profit since December 2019, thanks... Read More

February 20th, 2022 11:18 AM 0 COMMENTS

NCLAT Rejects Go Airlines’ Petition Against the Withdrawal of Sovika Aviation Services’ Insolvency Proceedings

The National Company Law Appellate Tribunal (NCLAT) has rejected a plea filed by budget airline Go Airlines challenging an NCLT judgement allowing Sovika Aviation Services to withdraw from insolvency proceedings. On September 23, 2021, the Mumbai bench of the National Company Law Tribunal granted the Resolution Professional’s Section 12A plea to discontinue the Corporate Insolvency Resolution Process (CIRP) against Sovika Aviation Services. Sovika Aviation is a company that offers a... Read More

February 2nd, 2022 4:29 PM 0 COMMENTS

Ethiopian Airlines Flies Boeing 737 Max for the First Time Since the Fatal Crash

Ethiopian Airlines has resumed the flights with Boeing 737 Max, three years after grounding the plane due to a fatal air crash that killed 157 people. The first flight scheduled to take off to the neighbouring region Kenya flew within Ethiopia due to poor weather. The passengers on the day included diplomats and government officials. Ethiopian Airlines Chief Executive Officer Tewolde Gebremariam said that the carrier had taken enough time... Read More

February 1st, 2022 6:35 PM 0 COMMENTS

Union Budget 2022-23: Civil Aviation Ministry Gets Rs 10,667 Crore, E-Passport to Be Released This Year

The Union Budget 2022-23 has allocated Rs 10,667 crore for the civil aviation ministry, a considerable increase from last year. In 2021-22, the government allocated Rs 3,224 crore for the civil aviation ministry. But several factors contributed to higher expenses last year, resulting in a revised expenditure of Rs 72,652 crore for 2021-22. Air India divestment, especially the allocation for Air India loans, grants in aid to Air India for... Read More

January 18th, 2022 3:33 PM 0 COMMENTS

Indian Aviation Industry Expects Resolutions for Its Ongoing Crises in Union Budget 2022-23

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

January 15th, 2022 5:15 PM 0 COMMENTS

Akasa, Jet Airways 2.0 Could Start Price Wars Among Domestic Airlines, Says HSBC Global Research

According to HSBC Global Research, there are chances that the entry of two new airlines – Akasa and Jet Airways 2.0 – could disrupt the Indian domestic airlines. The two airlines could bring in recent battles on pricing standards and excess supply issues in the Indian aviation market. In a report titled ‘Indian Aviation, 2022: A Year of Two Halves,’ HSBC Global Research said that India’s aviation sector would recover... Read More

January 8th, 2022 3:43 PM 0 COMMENTS

Airlines May Witness a Huge Setback in December Quarter: Report

The aviation analysts assume that the Indian airlines will report losses in the December quarter. Factors such as high crude oil cost and decreasing air passenger traffic due to Omicron can contribute heavily to their losses. A report recently published by a brokerage firm ICICI Securities reveals that India’s domestic market leader IndiGo is likely to report losses of Rs 200 crores in the December quarter. IndiGo occupied 54% of... Read More

December 27th, 2021 9:00 PM 0 COMMENTS

Airlines’ Outstanding Payments to AAI Doubled Between January 2020 to October 2021

According to an internal document of the Airports Authority of India (AAI), the dues for four major domestic airlines — AirAsia India, IndiGo, SpiceJet, and Go First — have doubled between January 2020 and October 2021. On the other hand, Air India remains the domestic airline with the highest debt to the AAI. According to the records, Air India owes the AAI Rs 2,362.36 crore as of October 31, 2021,... Read More

June 4th, 2021 4:48 PM 0 COMMENTS

Indian Airlines Financial Woes Only Increased This Year

The financial woes of the Indian airlines have only increased in the current year. Due to the pandemic and temporary shutdown of airline activities in the country last year, airlines had to face a consolidated loss of $4.1 billion. This year would not be an exception for the industry since CAPA, an aviation consultancy and research firm has said that Indian airlines are going to incur around the same amount... Read More

August 25th, 2020 8:07 PM 0 COMMENTS

SpiceJet MyFlexiPlan is the Flexi Fare Equivalent of Other Airlines for a Flexible Booking

In the Indian aviation industry, currently there are a lot of airlines competing for the top spot which IndiGo holds right now. However, most of the times, the passengers are looking for cheap tickets, lower fares and budget flying options which makes the low-cost carriers the major attraction point for most of the passengers. But, even the low-cost carriers provide many fare choices to the flyers. These carriers make sure... Read More

July 16th, 2020 5:58 AM 0 COMMENTS

Airlines Will Have To Provide Refunds To The Customers Says Aviation Ministry

People have been angry since their flights got cancelled and they did not get their money back. Every airline is offering credit shells instead of the money back to the customers. This has led to a lot of dissatisfaction amongst the people. Airlines will have to provide refunds to the customers though, said aviation ministry recently. Every passenger who booked their flights in between the period of March 25 and... Read More

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Upcoming Greenfield Airports in India to Cater for the Needs of Growing Air Passenger Traffic

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