Category: Civil Aviation

LONDON: British Airways faces strike action over its plans to cut jobs, pay and conditions, the BBC reported on Tuesday, piling more pressure on the airline which has been hard hit by the coronavirus crisis and faced more disruption this week from new UK quarantine rules on Spain. Trade union Unite, which represents BA cabin […]

NEW DELHI: The finance ministry has notified changes in foreign direct investment (FDI) rules which permit non-resident Indians (NRIs) to acquire upto 100% in Air India. The amendment in FDI policy will permit foreign investment in Air India Ltd at par with other Scheduled Airline Operators. “Substantial ownership and effective control of M/s Air India […]

Shares of the InterGlobe Aviation NSE 0.34 % Ltd. traded at Rs 911.3 on BSE at 11:59AM (IST) on Tuesday, up 0.95 per cent from previous close. The scrip quoted a 52-week low price of Rs 765.05 and a high of Rs 1911.0. Earlier, the stock saw a gap down opening in the morning. A […]

AirAsia India customers will now be able get support services through WhatsApp following the budget carrier making available its virtual assistant, AirAsia Virtual Allstar (AVA) on the Facebook-run messaging platform, a release said on Tuesday. AVA, which is a chatbot, already handles millions of cases annually across other platforms such as Facebook and the airline’s […]

Frankfurt: Global air travel is recovering more slowly than expected and will take until 2024 to return to pre-pandemic levels, the trade association for the airline industry said Tuesday. The International Air Transport Association pushed back its prediction by one year due to the slow containment of the outbreak in the US and developing countries. […]

India has amended the accounting standards to provide relief to companies that received concessions on their rentals after Covid-19 outbreak. Changes to the Indian Accounting Standards (Ind AS) will allow companies to show the benefit in their profit and loss (P&L) account. The move comes as a huge relief for airlines or retail chains that […]

MUMBAI: IndiGo NSE 0.88 % has implemented another round of pay cuts for its senior management and pilots as its business continues to be affected by the Covid19 pandemic, said a senior executive. The latest paycuts—which mean the senior management will get between 15% and 35% lower monthly salaries than pre-Covid times— will be implemented […]

NEW DELHI: SpiceJet NSE -0.62 % will operate its first long haul flight to Amsterdam on August 1 to repatriate Indians, the airline said on Monday. Scheduled international passenger flights have been suspended in India since March 23 in view of the COVID-19 pandemic. However, special international charter flights are permitted on a case to […]

SpiceJet today said that it will operate its first long-haul flight, which is a charter flight, between Amsterdam and India on August 1, 2020, to bring back Indians waiting to come from Europe. “The wait is finally over! SpiceJet will operate its first long-haul flight to bring back Indians waiting to come from Europe. 1st […]

India has amended the accounting standards to provide relief to companies that received concessions on their rentals after Covid-19 outbreak. Changes to the Indian Accounting Standards (Ind AS) will allow companies to show the benefit in their profit and loss (P&L) account. The move comes as a huge relief for airlines or retail chains that […]

NEW DELHI: Air India’s northern regional office has formed a committee to identify the “redundant” or “surplus” employees who would be asked to go on a compulsory leave without pay (LWP) for up to five years. An official order in this regard was issued on Tuesday. Air India issued an internal order on July 14, […]

Shares of InterGlobe Aviation NSE -1.62 % Ltd. traded 1.58 per cent down at Rs 948.3 at 11:59AM (IST) on Friday, even as BSE benchmark Sensex dropped 205.39 points to 37935.08. The stock had closed at Rs 963.5 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 1911.0 and […]