IndiGo, India’s largest airline which handles nearly half of the country’s domestic passengers, said on Wednesday it expects its quarterly earnings to be “materially impacted” because of the coronavirus outbreak.
In less than a month, the tumult has clipped about $175 billion in market value from the U.S. aerospace industry, a critical source of American exports. And the future looks just as grim. Passenger revenues could drop as much as $113 billion this year if the virus spreads extensively
A senior DGCA official, without naming the airlines, said a few international airlines were found to be lacking in this regard, adding that the regulator “can stop their operations” if non-compliance continued.
After Kuwait, Qatar prohibits entry of travellers from India. However, flyers can pass through Doha airport for transit flights.
Online travel agency ixigo has also announced a full refund for all flight bookings to China, France, Germany, Hong Kong, Iran, Italy, Spain, Singapore, South Korea and Japan.
Boeing Co's 737 MAX has been grounded worldwide for nearly a year following the second of two crashes, one in Indonesia in October 2018 and one in Ethiopia last March, that together killed 346 people.
Earlier, when the virus was still confined to China, IATA’s revenue impact estimate was significantly lower, at $29.3 billion.
The last time the industry faced a revenue shock of this magnitude was in 2009 during the global financial crisis, IATA Chief Economist Brian Pearce said at a media briefing in Singapore.
The airline’s method of cleaning planes that could have carried infected passengers is “inadequate,” SafeWork NSW said in a March 2 notice to Qantas that was released by a trade union Thursday.
Air India disinvestment: As per the existing norms, 100 per cent FDI is permitted in scheduled domestic carriers, subject to certain conditions, including that it would not be applicable for overseas airlines.
Last month, chairperson of the panel TG Venkatesh, summoned officials of the Civil Aviation Ministry and the Directorate General of Civil Aviation (DGCA) to discuss issues of passenger safety arising from these snags.
The central government, in January, had started the disinvestment process of the national carrier and has invited parties to place their expressions of interest by March 17, a deadline that is expected to be extended.
On being asked if Vistara or Tata Sons were evaluating Air India, Bhat replied: "We (Vistara) are a joint venture."
The central government on Monday permitted airlines operating in India to provide in-flight Wi-Fi services to passengers.
Hearing an appeal filed by the state, a Bench headed by Chief Justice of India S A Bobde and comprising Justices B R Gavai and Surya Kant said the contention regarding Article 131 of the Constitution — whether it involved a centre-state dispute — will be kept open for further hearing if necessary.
The plane, which has the registration number VT-TSD, will depart from the Boeing facility here at 2 pm (local time) on Friday and land in Delhi at 2 pm (local time) on Saturday, Vistara officials said here.
The DGCA’s response came against the backdrop of the High Court expressing its displeasure on February 25 while hearing Kamra’s plea against the flying ban.
In a note, rating agency Icra said it has "maintained its negative outlook on the Indian aviation industry in view of the ongoing lockouts in parts of China following the outbreak of the coronavirus".
The prototype, which is termed as the Economy Skynest, comes with six full-length lie-flat sleep pods, similar to those in trains or capsule hotels.
If Adani bids, it will join likes of Tata Group, Hindujas, IndiGo and New York-based fund Interups who are said to be considering putting in an expression of interest (EoI) at the close of the bid deadline next month.