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Aviation News
Lawmakers back plan to nationalise Kenya Airways
The loss-making airline, Kenya Airways, which is 48.9% government-owned and 7.8% held by Air France-KLM, has been struggling to return to profitability and growth.
Air India chief says plans to bring all 17 grounded aircraft back into operation by October-end
These 17 aircraft have been grounded for time periods ranging from four months to one year due to lack of funds for their repair and maintenance.
With Pakistan airspace reopened, Air India to resume flights on Delhi-Kabul, Lucknow-Najaf routes
Pakistan had shut its airspace on February 26 due to the Balakot air strike by the Indian Air Force, which resulted in a significant rise in Air India's operating costs on flights connecting north Indian cities and regions eastward of Pakistan.
Jet Privilege on ‘accelerated growth path’, says senior executive
The company's profit after tax rose to R 129.82 crore last year from Rs 121.64 crore in 2017, as per a document issued for prospective bidders of Jet Airways under the insolvency process.
Air India freezes promotions, new appointments amid stake sale preparations
For the disinvesment process, the official said the airline's books of accounts till July 15 have been closed and those financials would be used while seeking bids. Promotions and fresh appointments have also been frozen ahead of the stake sale for Air India.
Jet Airways resolution professional invites expressions of interest by August 3
The estimated date for the submission of resolution plan by the RP to the National Company Law Tribunal for approval is September 20.
British Airways, Lufthansa suspend Cairo flights
They come as Britain weighs its response to Iran's seizure Friday of a British-flagged oil tanker in the Strait of Hormuz and rising tensions stemming from U.S. sanctions' effect on Iran's economy and oil exports.
IndiGo to seek shareholder nod for board expansion, appointment of a women independent director
“The Board has decided to seek the approval of the shareholders at the upcoming Annual General Meeting for expanding the Board to enable the induction of an independent woman director,” IndiGo said in a statement.
IndiGo to seek shareholders’ nod for board expansion
The two-day board meeting came against the backdrop of an ongoing spat between the two promoters over alleged corporate governance lapses.
No compromise on passenger safety: Civil aviation minister
Speaking at the 12th International Conference-cum-Awards on Civil Aviation and Cargo, Hardeep Singh Puri said an alternative mechanism was worked out to look into the disinvestment process of state-owned Air India.
Eight routes under UDAN scheme have become functional since Friday: Aviation Ministry
Total 705 routes have been awarded under the UDAN scheme up till now by the Ministry of Civil Aviation.
Highest market share in nearly 5 years for SpiceJet, but IndiGo still on top
Spicejet, now the second-largest domestic carrier, added 30 planes — mostly Boeing 737s — taking its operational fleet strength to 95. Jet Airways suspended all operations on April 17 due to financial crisis.
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