Indigo has been on top of the chain in the aviation sector when it comes to India. The leading budget carrier of the country has been leaving behind its competitors for a while now when it comes to factors such as the number of passengers carried, fleet size, and on-time performance. Indigo has not only been a frontrunner in India but now has emerged as one of the top performers... Read More
Prime Minister Ranil Wickremesinghe proposed a government plan to privatise the nation's flag carrier to decrease debt and generate profit for the economy in a televised address to the Sri Lankan nation. SriLankan Airlines lost Rs 45 billion (USD$123 billion) in the financial year ended March 2021, and Rs 372 billion (USD$1 billion) in the year since, according to Wickremesinghe. Wickremesinghe stated that, “Even if we privatise Sri Lankan Airlines,... Read More
Air Transat's next long-haul route, from Québec City to London Gatwick, began shortly after Montréal to Amsterdam. It runs 1x weekly from Canada between May 11th and September 28th throughout the summer season. Its final flight from London is scheduled for September 29th. Air Transat, a leisure airline, took departure from Québec City to London Gatwick seven minutes before midnight on May 11th. All airlines and airports now serve six... Read More
Akasa Air provided an update on its plans to open business soon, stating that it has chosen a service provider for its reservations system. The soon-to-be-launched airline is sure that its technology provider will meet its requirements as a low-cost carrier focused on data-driven customer service solutions. The budget carrier has entrusted its reservation and retailing systems to Navitaire, a Minneapolis-based Amadeus company that specialises in providing technology and business... Read More
India’s budget carrier SpiceJet has announced new international flights to Bangkok. According to a statement released by the airline, the operations will commence from March 10 in a phased manner. The newly launched SpiceJet Bangkok flights will enhance the air connectivity between India and Thailand. SpiceJet will operate daily direct flights connecting Delhi, Kolkata and Mumbai with Bangkok. “We are delighted to launch new flights connecting Delhi, Mumbai and Kolkata... Read More
Budget airline SpiceJet has announced a standalone net profit of Rs 23.28 crore in the quarter ended in December 2021, compared to the Rs 56.96 crore loss reported in the same quarter last year. The total revenue for the Q3 FY 2022 stood at Rs 2,259.30 crore, a 33.95% rise compared to Rs 1,686.62 crore in the same quarter the previous year. SpiceJet is battling numerous legal complications, including an... Read More
Kenya Airways will receive a $176 million cash injection from the Kenyan government as it battles to stay afloat after years of loss. At the end of 2020, the airline’s total debt was estimated at $846 million. The action follows the Kenyan government’s decision to shelve ambitions to nationalise the struggling airline. After years of financial losses and mounting debt, Kenya Airways will receive a $176 million rescue from the... Read More
In another hit to the Indian aviation industry, the Government of India has hiked the price of Aviation Turbine Fuel (ATF) by 8.5% effective from today. Indian Oil Corporation (IOC) has also announced a price increase in the ATF following the government announcement. The new price in Delhi is Rs 86308.16 per kilolitre (kl), an increase by Rs 6743 per kl. This is the third time in the year that... Read More
In an interim relief to the budget-career SpiceJet, the Supreme Court has granted three weeks to resolve its financial dispute with Swiss firm Credit Suisse AG. The Court also stayed the verdict of Madras High Court granting permission to wind up its operations and liquidating the airline’s assets. “If you do not want to run the airline, we will declare you insolvent. This is not the way to run an... Read More
Malaysian airline SKS Airways took to the skies for the first time on January 25. The new low-cost Malaysian carrier took short-haul flights to holiday island resorts as domestic traffic resumed following months of suspension due to the COVID-19 pandemic. “As a new set-up, we are nimble, agile and flexible and able to tap into any opportunities that arise. We are positioning ourselves to capitalize on the current pent-up demand... 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
India’s upcoming and most awaited airline Akasa Air seems to be on track for its first flight this summer. From being in the preliminary stages of setting up the airline to finding high-profile investors, signing an aircraft deal with Boeing and deciding upon the airline’s branding, CEO of Akasa Air, Vinay Dube has really brought the airline into fruition. Things have been going well as far as the airline is... Read More
The Indian government recently bailed out the private telecom sector of the country. But it isn’t the only sector that is struggling. The airline industry along with the travel and tourism sector has been severely hit. The reason behind this is widespread of Omicron variant COVID-19 cases. Indian Airlines were only recovering but that recovery has been cut short due to COVID-19 in early 2022. The budget is not even... Read More
The travel and tourism industry is bound to take a hit once the spread of COVID-19 intensifies further. Many say the third wave has already arrived or is about to take over India. Due to this, investor confidence in the airline businesses reduces significantly. The aviation sector was only trying to recover before the threat of the Omicron variant surfaced. On Friday, the last day of the week for the... Read More
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