InterGlobe Enterprise (IGE) has signed an agreement to participate in the sale process of Virgin Australia (VA), the Company confirmed on Friday. IGE is an Indian conglomerate which has interests in aviation (IndiGo), hospitality and other ventures. In a statement confirming participation, IGE also said that it is bound by the confidentiality requirements of the […]
Category: Civil Aviation
InterGlobe confirms interest in Virgin Australia sale
InterGlobe Enterprises (IGE), which runs low-cost airline IndiGo, confirmed on Friday that it has signed an agreement to participate in the sale process of the bankrupt Virgin Australia (VA). IGE is an Indian conglomerate which has interests in aviation and hospitality, among other segments. In a statement confirming its participation, IGE said it is bound […]
AAI releases guideline for air passengers during post lockdown period
An air traveller will have to download the Arogya Setu App mandatorily, must wear a mask and other protective gear, do web check-in and carry a printout of the boarding card, maintain a physical distance of four feet from a co-passenger and wash and sanitise his hands frequently for taking a flight. All these are […]
Vande Bharat-2 likely to bring back over 32,000 stranded Indians
More than 32,000 stranded Indians are likely to be brought back to the country from 31 nations in the second phase of the week-long Vande Bharat mission starting on May 16. “Our capacity depends on our ability to carry out tests, provide quarantine facilities and ensure safe travel. In the second week of the repatriation […]
Aviation industry to witness 44% revenue de-growth in FY21: ICRA
The Indian aviation industry will witness revenue de-growth of 44 per cent in FY2021. Overall, the industry will witness 41-46 per cent de-growth in domestic passenger traffic and 67-72 per cent de-growth in international passenger traffic for the Indian carriers in FY2021, said ICRA on Thursday. The profitability of the industry will also be adversely […]
Mallya loses appeal; faces extradition within 28 days
Fugitive businessman Vijay Mallya, who has now lost all hopes of extending his stay in the UK after the High Court there dismissed his application to appeal his extradition order in that country’s Supreme Court, faces a minimum jail term of seven years if convicted in India. After losing his appeal, he is expected to […]
Mangaluru receives first flight under Vande Bharat
The first flight with 176 passengers from United Arab Emirates, operated under the Vande Bharat Mission, landed at the Mangaluru International Airport at 10:10 PM on Tuesday. Of the 176 passengers, 95 were men and 81 were women. The passengers included those who lost their jobs in UAE, and those whose visas have expired. Medical […]
Caught in Covid air pocket: Airbus, Boeing tell Indian vendors of supplies to slow down deliveries
Indian vendors of the two major commercial aircraft manufacturers, Airbus and Boeing, have been asked to slow down deliveries as the aircraft makers are set to reduce production by nearly half. Indian vendors like Aequs and Dynamatic, which make key products for Airbus, have started reducing production by one-third, top company executives told BusinessLine. An […]
Jet Airways shares jump over 4 per cent
Shares of Jet Airways jumped over 4 per cent after its insolvency resolution professional on Wednesday invited fresh expressions of interest for the grounded airline. The company’s shares gained 4.42 per cent to Rs 21.25 on the BSE. On the NSE, it jumped 4.41 per cent to Rs 21.30. Jet Airways’ insolvency resolution professional on […]
Jet Airways insolvency resolution professional seeks fresh EoI for defunct airline
Jet Airways insolvency resolution professional on Wednesday invited fresh expressions of interest (EoI) for the grounded airline. This is the fourth time that EoI has been invited for Jet Airways, which was shuttered last year. The last date for submission of bid documents is May 28 and the final list of prospective resolution applicants will […]
Government allows stranded seafarers to return on Air India repatriation flights
The Ministry of Home Affairs has allowed around 7,000 Indian seafarers/crew employed on cruise ships and stranded across the globe to return home on repatriation flights run by Air India. The permission followed a Shipping Ministry request in this regard. The seafarers and their families have been pushing the government to facilitate this task. Shamim […]
Allow airlines to give delayed refund vouchers to passengers : IATA
Global airlines should be allowed to give delayed refund vouchers to passengers affected by cancellation of flights due to the global spread of Covid-19, the International Air Transport Association (IATA) said on Wednesday. In April this year IATA had said that around $35 billion worth of refunds were due by the end of the second […]