AVIATION NEWS - Page 23

Akasa Air chief Vinay Dube is "dead set against" the idea of having any kind of no-poaching agreement between airlines, asserting that it will not be right.

Pilot issues are behind us; airline ‘dead set against’ no-poaching pact for pilots: Akasa Air CEO

October 20, 2023 17:09 IST

Akasa Air, which has been flying for more than a year, has more than 450 pilots and the number will go up as it expands the fleet from 20 aircraft now.

Akasa Air, which is in a "very exciting phase", has received approval from the government to operate flights to Riyadh, Jeddah, Doha and Kuwait, and expects to start international services "soon enough", according to its chief Vinay Dube.

Akasa Air gets traffic rights for Riyadh, Jeddah, Doha, Kuwait: CEO Vinay Dube

October 18, 2023 15:16 IST

Akasa Air recently completed its first year of operations in August, has a fleet of 20 Boeing 737 MAX aircraft and 2 more planes are expected to be inducted into its fleet by the end of this year.

Air India Express, which is in the process of merging AIX Connect with itself, plans to induct 50 new B737 MAX planes in the next 15 months as the Tata Group bolsters its aviation business.

Air India Express set to induct 50 new Boeing 737 MAX planes in next 15 months

October 13, 2023 15:27 IST

The combined entity of Air India Express, also the country's first international budget carrier, and AIX Connect, formerly known as AirAsia India, will be launching its new brand on October 18.

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Delhi HC asks Go First airline to give lessors access to documents

October 13, 2023 10:51 IST

The National Company Law Tribunal On May 10 placed a moratorium on the Wadia group airline’s financial obligations and recovery of aircraft by lessors.

Air India on Friday said it has commissioned a mega warehouse facility in Delhi for storing over 1,000,000 engineering spares for aircraft maintenance.

Air India commissions mega warehouse facility in Delhi for storage of engineering spares

October 6, 2023 11:52 IST

Spread across 54,000 sq ft and located near Terminal 3, at Delhi Airport's cargo complex, Air India's centralised warehousing facility will improve the turnaround time of flights operating out of Delhi, the company said.

As ATF prices surge, IndiGo introduces distance-based fuel charges of Rs 300-1,000 per sectorSubscriber Only

October 5, 2023 22:31 IST

According to the airline, the fuel charge will be based on distance slabs and will vary between Rs 300 and Rs 1,000 per sector

Jalan Kalrock Consortium, the winning bidder for the revival of grounded carrier Jet Airways, on Friday said it has infused an additional Rs 100 crore in the airline as per the court-approved resolution plan.

Jalan Kalrock Consortium infuses Rs 100 crore in Jet Airways

September 29, 2023 12:03 IST

The JKC (Jalan Kalrock Consortium) "fulfilled" its total financial commitment of Rs 350 crore to revive the airline, which would pave the way for it to take over the ownership of Jey Airways, it said in a statement.

Air India on Friday completed the acquisition of its first Airbus A350-900 aircraft through a finance lease transaction with HSBC, the Tata group carrier announced on Friday. (File image)

Air India acquires its first Airbus A350-900 via finance lease through GIFT IFSCSubscriber Only

September 29, 2023 12:42 IST

The transaction was facilitated by AI Fleet Services Limited (AIFS), a wholly owned subsidiary of Air India, and a GIFT IFSC-registered finance company, the Tata group airline said in a release.

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SC allows SpiceJet to seek modification in HC order on employment, dues to staff

September 29, 2023 00:52 IST

In view of above facts, learned senior counsel appearing for the petitioners seeks permission to withdraw this Special Leave Petition with liberty to approach the High Court seeking modification of the order impugned,” the bench said in its September 22 order.

Competition Commission of India (CCI), on September 1, approved the proposed merger of Vistara with Air India under a deal wherein Singapore Airlines will also acquire a 25.1 per cent stake in Air India.

Vistara merger: AI, Singapore Airlines to maintain minimum capacity on certain routes to address competition concerns

September 26, 2023 14:56 IST

Air India and Singapore Airlines will ensure minimum capacity on various domestic and international routes, including Delhi-Sydney and Delhi-Paris, as part of commitments made to fair trade regulator CCI to address possible competition concerns arising out of the Vistara merger.

India is one of the most competitive aviation markets in the world and there is also a lot of competition in the market, IndiGo CEO Pieter Elbers said on Tuesday.

India one of the world’s most competitive aviation markets: IndiGo CEO

September 26, 2023 12:14 IST

IndiGo is India's largest carrier with a domestic market share of more than 63 per cent and is also expanding its international operations.

According to the DGCA, the norms are modelled on ICAO regulations and based on the country's national, social and cultural contexts, coupled with scientifically valid, optimal duty time limit for ATCOs.

DGCA implements watch duty time limitation norms for air traffic controllers at 57 airports

September 21, 2023 16:36 IST

In a "significant" move, DGCA said regulations for watch duty time limitations and rest requirements for air traffic controllers have been implemented at 57 airports, including Amritsar, Coimbatore, Patna and Imphal.

Aviation watchdog DGCA on Thursday said it has suspended the approval of Air India's Flight Safety Chief for one month for certain lapses.

DGCA suspends Air India’s flight safety chief for a month over lapses discovered in inspectionSubscriber Only

September 21, 2023 19:53 IST

Reacting to the DGCA’s action, Air India said that it acknowledges and accepts the regulator’s findings, adding that safety is the airline’s top priority and it is working raise its standards.

In August, Akasa Air’s market share (by passengers carried) declined to 4.2 per cent from July’s 5.2 per cent, pushing it below SpiceJet in the pecking order of domestic carriers.

Akasa Air CEO Vinay Dube defends decision to sue some pilots, assures employees of strong financial healthSubscriber Only

September 20, 2023 18:54 IST

Akasa Air, which began operations in August 2022, is in the news for moving court against over 40 pilots who resigned and quit without serving their notice periods of six months to a year.

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Akasa Air sues pilots who quit without serving 6-month notice, seeks crores in damagesSubscriber Only

September 17, 2023 09:06 IST

Most of these pilots are understood to have accepted offers from Air India Express, which, like Akasa Air, operates Boeing 737 family of aircraft.

Shares of SpiceJet jumped over 4 per cent on Friday after the domestic airline said it has completed the payment of $1.5 billion to Credit Suisse.

SpiceJet completes payment of $1.5 bn to Credit Suisse, shares jump 4%

September 15, 2023 13:38 IST

SpiceJet's stock jumped 4.22 per cent in the intraday session to touch Rs 40 on BSE. At the time of writing, the shares were trading 2.24 per cent higher at Rs 39.24.

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DGCA takes up IndiGo incidents with P&W; engine maker’s service bulletin on second phase recall in 60 days

September 14, 2023 17:43 IST

In the note, DGCA said that 11 engines of the IndiGo fleet were impacted and out of these, six were part of the current P&W AOG (Aircraft on Ground) and only five were operating engines, which were removed before September 15.

In a Sept. 6 filing seeking to ensure the airline carries out maintenance, DAE submitted pictures to the Delhi HC showing corroding plane parts and said the aircraft will "continue to deteriorate, resulting in a sharp decline in the value of the asset."

Dubai Aerospace flags corrosion in plane leased to bankrupt Go First

September 14, 2023 14:44 IST

Foreign lessors have been engaged in a legal tussle to repossess their aircraft after the Indian airline was granted bankruptcy protection in May, imposing an asset freeze that blocked the recovery of 50 plus grounded Airbus planes.

Air India enters into interline partnership with Bangkok Airways

September 7, 2023 16:50 IST

Currently, Air India operates daily flights to Bangkok from Delhi and Mumbai, to Singapore from Delhi, Mumbai, and Chennai, and thrice a week to Hong Kong from Delhi.

Icra, in its mid-year update on Indian aviation, also maintained a "stable outlook" on the industry, amidst the continued recovery in domestic and international air passenger traffic in FY2024, and improved pricing power of the carriers.

Domestic air passenger traffic to grow 8-13% this fiscal: Icra

September 7, 2023 16:15 IST

Domestic air passenger traffic is likely to grow 8-13 per cent in the current fiscal and the aviation industry is also expected to trim the losses further, credit rating agency Icra said on Thursday.

Fly Bharathi Aviations and Aeronautics Pvt Ltd, which was incorporated as a company last month, on Monday said it has signed a preliminary pact with UK-based SRAM and MRAM Group for investments worth $1.8 billion.

Fly Bharathi Aviations to raise funds, eyes stake in airlines

September 5, 2023 11:38 IST

Fly Bharathi Aviations and Aeronautics Pvt Ltd also claimed that it has acquired a majority stake in an existing airline, and was in talks to buy a majority stakes in one more Indian airline and two international airlines.

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ED arrests Jet Airways founder Naresh Goyal in bank fraud case

September 2, 2023 12:31 IST

Goyal, 74, is expected to be produced before a special PMLA court in Mumbai on Saturday where the ED will seek for his custodial remand.

Air India-Vistara merger cleared for take-off by Competition Commission of IndiaSubscriber Only

September 1, 2023 22:40 IST

Air India is fully owned by Tata Sons, while Vistara is a joint-venture of Tata Sons and Singapore Airlines with an equity split of 51 per cent and 49 per cent, respectively

At the end of June, IndiGo had a fleet of 316 planes, including 166 A320 neos, 87 A321 neos and two planes on wet lease.

IndiGo taking range of measures to deal with aircraft on ground situation: CEO

August 24, 2023 15:19 IST

IndiGo told shareholders that a whole range of mitigating measures are being taken to deal with the situation arising out of grounded aircraft and it is working hard to again have a positive net worth for the company.

A flight that had landed at the Delhi airport from Ahmedabad and another flight that was to take off to Bagdogra were involved in the incident.

Runway incursion involving Vistara plane at Delhi airport; DGCA to probe incident

August 23, 2023 15:27 IST

A senior official at the Directorate General of Civil Aviation (DGCA) said Vistara aircraft VTI926 operating the flight from Ahmedabad–Delhi was involved in the runway incursion.