Even as the government lifted the cap on capacity deployment, most airlines are finding it difficult to operate at full capacity due to less demand, a report by Mint. The aviation sector in India has faced several hurdles since 2020. First, the pandemic-induced lockdowns forced the lanes to be grounded for two months. Then, the … Read more
Since May of this year (i.e, in just 2 months), Spicejet has reported 9 mid air snags. This is uncommon in Indian skies and deserved a closer look by the regulator – The Directorate General of Civil Aviation (DGCA). DGCA has now acted and ordered Spicejet to operate only 50% of it’s flights that have … Read more
Airlines will watch for passenger response during the lean months of July-September Airlines will watch for passenger response during the lean months of July-September With the rise in fuel prices, domestic and international airfares have witnessed surge by up to 50% in the past few months, according to data from online portals. A ticket for … Read more
An EU regulation that dates back to 1993 requires European airlines to maintain empty or near-empty flights With the decline in flights for business or pleasure due to the ongoing pandemic, airlines that are attempting to maintain market share are complaining about the ‘ghost flights’ they are being forced to fly. An EU regulation that … Read more
The chief executives of major US passenger and cargo carriers on Monday warned of an impending “catastrophic” aviation crisis on Wednesday when AT&T and Verizon are set to deploy new 5G service. The airlines warned the new C-Band 5G service could potentially make a significant number of widebody aircraft unusable and “could potentially strand tens … Read more
It was a Mumbai to Kolkata flight on December 9, 2021. After 15 minutes of departure, the pilots had to shut down an engine and divert the flight back to Mumbai where the aircraft LANDED SAFELY. Key points to note – SpiceJet is currently the only Boeing 737 MAX operator in India. Previously, Boeing 737 … Read more
The Company has called for an extraordinary general meeting (EGM) on 30 December, seeking approval to amend it’s Articles of Association (AoA) and remove restrictions on promoter share transfer. Key points to note – Indigo has two founders – Rahul Bhatia and Rakesh Gangwal Bhatia group owns 37.83% stake of Indigo and Gangwal group 36.61% … Read more
In the post covid world, airlines globally are looking at revival and are expected to do very well over the short to medium term – revenge traveling for leisure as well as business. Indigo to ensure that it continues to remain the leading airline in India, has listened to it’s customers and is in the … Read more
Indian Hotels Company Ltd (IHCL) while announcing the Q2 results for FY 22, informed about two more key decisions – It’s acquiring balance 39.84% of Roots Corporation Limited (operates Ginger brand of hotels) at an equity valuation of Rs 1,225 crore (i.e., for Rs 488 crore). Stake would be acquired from the existing shareholders making … Read more