BENGALURU: Indian Hotels Company (IHCL) on Tuesday said it has signed an agreement with Bengaluru Airport City Ltd (BACL) for developing a 775-room hotel at the city’s Kempegowda International Airport. The hotel, a combination of a 450-room Vivanta and a 325-room Ginger hotel, will be a management contract with BACL to operate another hotel at […]
Category: Civil Aviation
Air cargo has wings but it’s not the growth engine
As the second wave of coronavirus ripped through the country, businesses began counting their costs. As in the first wave, airlines were among the worst hit. The number of air passengers in April plunged to about 40% of the pre-pandemic normal, according to government data. But another revenue stream for airlines still nearly matched its […]
Swedish defence minister pitches for sale of Gripen aircraft to India
NEW DELHI: Swedish defence minister Peter Hultqvist on Tuesday made a pitch to sell SAAB’s Gripen fighter aircraft to India as New Delhi looks to acquire 114 fighter aircraft to replace its old fleet as well as make up the numbers in its depleting squadrons. This is the second time a top Swedish government figure […]
Qantas Airways seeks details on ‘disturbing’ criminal gang report
Qantas Airways Ltd. has asked Australian law-enforcement agencies for details of an intelligence report that is said to suggest the airline has been infiltrated by organized criminal gangs importing drugs. Qantas wrote to the Australian Criminal Intelligence Commission, the Federal Police, Border Force and Aviation and Maritime Security after Nine Entertainment Co. publications said an […]
Several injured on a Kolkata bound Vistara flight due to turbulence
At leastseven passengers suffered injuries after a flight operated by Vistara hit turbulence enroute to Kolkata from Mumbai on Monday. Vistara flight number UK775 which left Mumbai at 2.05 pm, faced heavy turbulence about 15 minutes before landing at the Kolkata airport. Injured passengers were immediately shifted to local hospitals. “Flight UK775 operating Mumbai-Kolkata on […]
Mumbai-Kolkata Vistara flight hits severe turbulence, injures eight passengers
Eight passengers on Vistara’s Mumbai-Kolkata flight were injured on Monday as the aircraft encountered severe turbulence just before landing, officials said. According to Kolkata Airport Director, “8 passengers including 3 suffered major injuries after Vistara’s Mumbai-Kolkata flight hit turbulence. The 3 passengers with major injuries shifted to a local hospital in Kolkata.” A spokesperson from […]
IndiGo CEO expects domestic aviation to bounce back to Feb-2021 levels by Dec
India’s largest domestic carrier InterGlobe Aviation Limited-operated IndiGo hopes for the domestic aviation market to bounce back to February-2021 levels by July-December 2021 period, while it expects international recovery to happen by March 2022. In a post result call to analysts on Monday, IndiGo’s chief executive Ronojoy Dutta said that he expects the domestic aviation […]
As Indigo’s net worth erodes, investors bet on revenge travel
Shares of InterGlobe Aviation Ltd, which runs India’s largest airline IndiGo, are 17% higher than their pre-covid highs of early 2020. Investors appear to have concluded that the company has come out far stronger after the pandemic, especially when compared to its weaker rivals. This is reflected in the company’s market share in domestic aviation. […]
While IndiGo’s Q4 losses are higher than expected, the worst is not over yet
MUMBAI: It was a foregone conclusion that the March performance of InterGlobe Aviation Ltd would be miserable. InterGlobe runs India’s largest airline, IndiGo. The company’s March quarter net loss at Rs1,160 crore is worse than analysts’ expectations. For instance, analysts from Kotak Institutional Equities and Prabhudas Lilladher Pvt. Ltd were expecting losses at Rs639 crore […]
Boeing partners with Alaskan Airlines for test flights featuring new technology
NEW DELHI: Boeing Co. and Alaskan Airlines are, in coming months, set to test new aviation technologies, which include a halon-free fire-extinguishing agent that reduces effects on the ozone layer, engine nacelle designed to reduce noise, and cabin sidewalls made of recycled materials, as a part of the Chicago-headquartered company’s ecoDemonstrator program. The flights will […]
Court allows banks to sell Vijay Mallya’s properties to recover debts
New Delhi: A Prevention of Money Laundering Act (PMLA) court has allowed banks to sell certain real estate assets and securities and of fugitive business tycoon Vijay Mallya to recover their debts. “The PMLA court has given permission to banks to sell gcertain real estate properties and securities that belonged to disgraced tycoon Vijay Mallya […]
European Union to ban Belarus overflights from midnight, diplomats say
BRUSSELS : European Union ambassadors on Friday adopted a plan to ban Belarus airlines from flying over EU territory or landing in EU airports, and prohibiting EU airlines from flying over Belarus, three diplomats said. The decision is due to take effect at midnight Central European Time (CET), barring any last-minute objections by EU states […]