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
Malaysia’s AirAsia Group Bhd said it has reached a deal with Airbus SE to restructure an order for 362 narrowbody planes worth tens of billions of dollars, including switching 13 A320neos to the larger A321neo model. Deliveries of the 362 A321neos are now planned through 2035, the cash-strapped airline said on Wednesday, without providing details … Read more
With covid-19 vaccination drive in full steam across the world, nearly 73% of millennial Indians would like to travel to international destinations with fewer covid cases, a travel sentiment tracker said. About 67% would want to go to destinations with easy covid policies and protocols, according to Business Of Travel Trade (BOTT), a media platform … Read more
American Airlines has told flight attendants on extended leave that it wants them back, per a memo. The airline also plans to hire 800 new flight attendants before March 2022 as travel rebounds. It furloughed more than 8,000 cabin crew members in October 2020 as travel demand slumped. See more stories on Insider’s business page. … Read more
Most perceptions of private aviation include chartering an expensive plane and spending thousands of dollars for just an hour of flight time. But a growing market in aviation is for personal private jets, planes that are small and simple enough that they can be flown by one person while being cheaper to operate than traditional … Read more
In a sign that more flights, perhaps even international, could be allowed soon, Air India has cancelled leaves of its pilots with immediate effect. The airline sent an order to its pilots on Monday, saying “all leave for cockpit crew stands withdrawn with immediate effect. However, leave may be granted in extreme cases depending on … Read more
Air travel and glitch-free internet access are often considered mutually exclusive, thanks to the technical difficulties associated with making WiFi work at 40,000 feet. For the airlines, a satisfying online experience is even more elusive. The hardware, software, maintenance and inability to easily switch service providers combine for a very expensive headache. But there may … Read more