Indian airlines are projected to record a consolidated loss of $1.6 – $1.8 billion in the next financial year, aviation consultancy CAPA India said on Monday. The full-service carriers are expected to incur a loss of $1.1 to $1.2 billion, while the low-cost carriers can report losses in the range of $0.5-$0.6 billion owing to […]
Category: Deccan Herald
Deccan Herald
IndiGo CEO says aircraft shortage hobbling growth plans
A shortage of aircraft is hampering IndiGo airline operator Interglobe Aviation Ltd’s efforts to ride a travel boom in India and globally, Chief Executive Officer Pieter Elbers said on Monday. “There’s an opportunity in the markets where we would like to serve our customers and we cannot do it yet to the extent we would […]
IndiGo not happy with pressure from aircraft shortage
India’s top airline IndiGo remains confident about its growth, but the pressure due to shortage of aircraft supply after a revival in demand for air travel “is not something we are happy with”, Chief Executive Officer Pieter Elbers told Reuters in an interview on Monday.
IndiGo embarking on next level of growth: CEO Pieter Elbers
IndiGo is embarking on the next level of growth and cost leadership is crucial for the airline, its CEO Pieter Elbers said on Monday. Currently, IndiGo operates around 1,800 daily flights and has a fleet of more than 300 aircraft. “We are embarking on the next level of growth,” Elbers said at a session of […]
SpiceJet significantly restructuring balance sheet: CEO Ajay Singh
SpiceJet chief Ajay Singh on Monday said the airline is significantly restructuring its balance sheet and will aggressively push for fleet expansion. The airline will also be having a significant number of dedicated cargo aircraft, he said, adding that the cargo business has helped the airline pay off its liabilities. Last month, the airline announced […]
Air India to temporarily reduce flights on some US routes: CEO Campbell Wilson
Air India will reduce the frequency of flights on certain US routes due to crew shortage issues for a temporary period, its chief Campbell Wilson said on Monday. He also said the airline will have 100 pilots for Boeing 777 planes in three months as they are being “activated” and around 1,400 cabin crew are […]
Mudslides, shooting stones force suspension of traffic on Jammu-Srinagar national highway
Traffic on the Jammu-Srinagar national highway was suspended Monday after heavy overnight rains triggered mudslides and shooting of stones at some places in Ramban district, officials said. No fresh traffic was allowed on the highway, the only all-weather road linking Kashmir with the rest of the country, this morning, the officials said. They said the […]
Chirag Delhi flyover repair work going on even at night, will be soon opened for people: Kejriwal
Delhi Chief Minister Arvind Kejriwal on Monday said the repair work on Chirag Delhi flyover is being done even at night and it will be soon opened for the people. The Chirag Delhi flyover was closed from March 12 for 50 days. The work on each carriageway will take 25 days. One carriageway is closed […]
Peripheral Ring Road gets environment panel okay
The BDA has finally got the green signal from the Union environment committee for its eight-lane Peripheral Ring Road (PRR), and now faces the tough task of land acquisition. The 73.5-km road passes through six lakes and the Thippagondanahalli catchment area. The Bangalore Development Authority (BDA) had come under fire for gross underestimation of the […]
Special tourism train to explore beauty of Northeast
Indian Railways is ready with a “specially designed” tour to allow tourists in the rest of the country to explore the beauty of the country’s Northeast. The special train named Bharat Gaurav Deluxe AC will begin its 15-day-long sojourn from Safdarjung railway station in New Delhi on Tuesday (March 21). The tourists on the train […]
Petrol cars run the streets in FY23 amid EV play
India had its watershed moment when it comes to alternatively powered vehicles in FY23. However, they are eating into the share of diesel passenger vehicles (PVs) instead of petrol and CNG-run vehicles. Petrol-powered vehicles still account for more than 70 per cent of the total passenger vehicle sales this fiscal and diesel vehicles make up […]
Oil pipeline with India will play vital role in ensuring fuel security in Bangladesh: PM Hasina
Prime Minister Sheikh Hasina said on Saturday that her country’s first cross-border oil pipeline with India will play a vital role in ensuring fuel security in Bangladesh at a time when the world was facing a serious energy crisis due to the Ukraine war. Hasina said this while virtually inaugurating with her Indian counterpart Narendra […]