The doubled frequency, however, is still half the 40 flights a week that Air India operated prior to the US government order in May banning travellers from India due to rising Covid-19 cases here.
Jhunjhunwala, who is considering investing $35 million and would own 40% of the carrier, expects to get a no-objection certificate from India’s aviation ministry in the next 15 days, he said in a Bloomberg Television interview Wednesday.
The company reported a consolidated net loss of Rs 3,174.20 crore for the June quarter, its highest quarterly loss ever, as against Rs 2,844.3 crore loss reported during the same quarter of the previous year.
“The groups shall meet regularly to deliberate upon issues and resolve challenges facing each sector. Orders have been issued for the same,” the ministry said in a statement. All the three groups will be chaired by Civil Aviation Minister Jyotiraditya Scindia.
It will be a clear opportunity for India to grow these segments in a sustainable manner, said Ashmita Sethi, president and country head of Pratt & Whitney.
On June 22, the NCLT gave its nod for the consortium’s resolution plan, subject to conditions.
Grounded carrier Jet Airways on Wednesday reported a loss of Rs 153.35 crore for the June quarter of the last financial year.
Lenders will take a steep haircut on their admitted claims of over Rs 7,800 crore under the approved resolution plan.
The customers who have been administered either one or both the Covid-19 vaccine doses can avail of a discount of up to 10 per cent on the base fare while booking, IndiGo said in a statement.
Jet Airways has been undergoing a resolution process under the Insolvency and Bankruptcy Code (IBC) for two years.
Jet Airways had almost 21,000 creditors seeking claims of around $6 billion.
The Dubai-based airline said revenue had declined by $8.4 billion, even as operating costs decreased by 46%.
According to an official at the airport, the plane had touched down first 8.03 pm on Monday but due to cross wind, it took off immediately and went around.
On May 4, following a threat by its pilots to stop flying if not vaccinated, Air India had said it would organise camps to inoculate all of its employees by the end of May.
The sharp plunge in air passenger traffic has prompted the government to reduce the number of flights that airlines could operate on domestic routes.
However the restriction shall not apply to the international all-cargo operations and flights specifically approved bythe DGCA, the order said.
Several European airlines including Lufthansa, KLM, Finnair and AirBaltic have started skirting Belarusian airspace. Vistara and Air India fly over Belarus for their flights to Europe.
Airlines are typically secretive about the earnings tied to their loyalty programs. For some, the sale of miles -- mostly to the large banks that issue their co-brand credit cards -- is a higher-earning activity than their traditional business of flying people from place to place.
In the draft offer document filed with the Securities and Exchange Board of India, the airline, which recently rebranded itself from GoAir to GoFirst, said that it would use the proceeds from the IPO to repay its debts and dues.
Delhi Airport has thus joined Mumbai Airport in consolidating operations at a single terminal due to low passenger numbers.
At last count, nearly one in every five air traffic controllers at Delhi’s Indira Gandhi International Airport was out of action, either directly or indirectly affected by Covid-19, The Indian Express had reported on May 3.
The airline said late on Tuesday all its employees will be vaccinated by the end of this month.
Officials at POSOCO — India’s electricity grid manager — have alluded to a “worrying shortage” of operators, including those manning some control rooms.
“It looks as though things will get worse for the Indian aviation industry before they get better,’’ said Rob Morris, the head of consultancy at UK aviation advisory firm Cirium.
Domestic air passenger numbers on Monday were at 1.29 lakh — less than half of the peak 3.03 lakh seen on February 15, and only 30 per cent of the pre-Covid average of 4.25 lakh passengers per day.