Equity infusion of ₹500-600 crore every year is not sustainable and cost-cutting in Air India is necessary, Civil Aviation Minister Hardeep Singh Puri said on Thursday, justifying the national carrier’s decision to send certain employees on leave without pay for up to five years. The minister’s remarks came after TMC MP Derek O’Brien slammed Air […]
Category: Civil Aviation
Air India pilots ask: ‘3.5% salary cut for bosses and 60% for us, how is this justified?’
In a letter to Air India chairman and managing director Rajiv Bansal, the pilots has expressed unwillingness to take the proposed pay cut. Describing the pay cut as ‘hilarious’, the Air India pilots wrote, “The proposed cut for the pilots is almost 60% of gross emoluments… the top management has proposed a meager 3.5% cut […]
Emirates to expand flights to 62 destinations in August
Emirates plans to expand its passenger network to 62 destinations in August as the world’s largest long-haul airline ramps up operations. The Dubai-based airline will resume flights to Tehran from July 17, Guangzhou from July 25, Addis Ababa from Aug 1 and Oslo from Aug 4, according to a statement. All flights will be operated […]
British Airways to retire entire 747 fleet after pandemic travel slump
UK flag carrier British Airways is retiring its entire Boeing 747 “Jumbo Jet” fleet, it said Friday, following the huge hit to international air travel caused by the COVID-19 pandemic. “It is with great sadness that we can confirm we are proposing to retire our entire 747 fleet with immediate effect,” the airline said in […]
Air India ends work-from-home for most employees from July 20
New Delhi: Air India on Wednesday said that all its offices will function in full strength from July 20 and there will be no separate roster for functioning under COVID-19 situation. In a staff notice, it said `Work from Home’ option can be considered for employees who are at higher risk due to medical conditions, […]
Air India to send staff on leave without pay for upto five years
New Delhi: National carrier Air India Limited’s board of directors have approved a leave without pay (LWP) scheme for its permanent employees for a period of six months to two years, which is extendable to upto five years, in a bid to cut costs during the current pandemic. “This Scheme (LWP) is being introduced for […]
IndiGo carries over 75,000 passengers through charter, Vande Bharat flights
MUMBAI : No-frills carrier IndiGo on Wednesday said it has flown a little over 75,000 passengers with majority of them between India and Middle-east through 487 flights till Tuesday as part of its charter operations and flights under Vande Bharat Mission. Vande Bharat Mission is a central government initiative for repatriation of Indian nationals stranded […]
Indian airlines staring at ₹1.1-1.3 trillion revenue loss over 3 years: Crisil
MUMBAI : Indian airlines are staring at a revenue loss of ₹1.1-1.3 trillion over three financial years, including the current fiscal, due to the coronavirus pandemic which has led to visa and travel restrictions, thereby severely affecting aviation industry across the world, according to a report. Airlines are unlikely to recoup this loss as growth […]
Delta CEO says demand ‘at a stall,’ 2019 business travel may never return
CHICAGO : Delta Air Lines expects its third-quarter revenue and flight capacity to be around 20% to 25% of last summer, with demand stalling amid a surge in COVID-19 cases and a sustainable industry recovery more than two years away. “We’re at a stall right now,” Chief Executive Ed Bastian said on Tuesday. Leisure demand […]
GoAir repatriates over 18,000 Indian citizens in 1 month
MUMBAI : Budget carrier GoAir on Monday said it operated over 100 international charter flights and repatriated 18,195 stranded Indians in one month amidst the coronavirus pandemic. GoAir commenced repatriation flights on June 10 and gradually ramped up its services with a combination of ‘Vande Bharat Mission’ flights and private international charters, it said in […]
Asia-Pacific airlines worst hit by virus: Iata
NEW DELHI : Airlines in Asia-Pacific countries, including India, will post losses of $29 billion in 2020, making it the worst region for aviation, thanks to the coronavirus pandemic, International Air Transport Association (Iata) has said. Carriers in Asia-Pacific will see passenger demand (measured in revenue passenger kilometres, or RPK) collapse 53.8% from the previous […]
Mystifly raises $3.3 mn in bridge round, eyes $30 mn for Series B
BENGALURU: Mystifly, which offers payment processing and airline inventory management software to both online and offline travel aggregators, has raised $3.3 million in its pre-Series B round led by Japan-based Recruit Holdings Co., Ltd. The ten-year-old, Bengaluru-based startup which offers its software to businesses using a SaaS model plans to raise an additional $30 million […]