NEW DELHI: Privatising small airports would not be the right approach for the government as they need to be viable in terms of passenger size and growth projections, a senior official of GMR Airports said. “If the government wants to look at privatising small airports, in my view that is not the right approach. The […]
Category: Civil Aviation
Jet Airways approves lenders’ rescue deal to plug $1.2 billion funding gap
The board of Jet AirwaysNSE 2.61 % Ltd has approved a plan by its lenders to resolve a near 85 billion rupee ($1.19 billion) funding gap, which will make them the largest shareholders of India’s biggest full-service carrier, Jet said on Thursday. Jet, saddled with over $1 billion in debt, had a rough 2018 as […]
SpiceJet to start Kozhikode-Jeddah flight from April 20
NEW DELHI: SpiceJet will start a daily direct flight between Kozhikode in Kerala and Saudi Arabia’s commercial capital Jeddah from April 20, the airline said Thursday. Jeddah is second international destination to be connected from Kozhikode with direct flights. “SpiceJet’s flight SG 792 will depart from Kozhikode at 5.35 am (all local times) and arrive […]
IndiGo cancels around 130 flights for Friday
MUMBAI: Acute shortage of pilots along with NOTAMs at some airports forced IndiGoNSE -2.85 % to cancel around 130 flights for Friday, a source said. The cancelled flights account for almost 10 per cent of the airline’s operations, the source said. The Gurugram-based budget carrier operates over 1,300 flights per day with a fleet of […]
Pilot shortage is said to cripple Asia’s biggest budget airline IndiGo
IndiGo, an Indian budget carrier, is canceling dozens of flights every day over the next two months as it struggles to find enough skilled pilots following an aggressive expansion binge, according to people with direct knowledge of the matter. Pilots at Asia’s biggest low-cost airline by market value have exhausted their annual limit on flying […]
Banks get pilot’s seat in Jet Airways, Naresh Goyal loses control
MUMBAI: Jet AirwaysNSE 2.35 % founder promoter Naresh Goyal is set to lose control of his beleaguered airline after the board approved a proposal allowing a consortium of banks to become the largest shareholder. The stake of Goyal, who founded the airline in April 1992, could drop to as low as 20% from 51% now […]
Jet Airways’ lessor to decide on repossessing plane after board meeting
MC Aviation Partners, an aircraft leasing subsidiary of Mitsubishi Corp, will wait for Jet Airways’ board meeting tomorrow before making a decision on repossessing planes it has leased to the carrier, a top executive said Wednesday. India’s second largest airline by market share has taken five Boeing 737 NG planes on lease from MC Aviation […]
V K Singh raises questions over HAL’s condition, capability
Minister of State for External Affairs General V K Singh Wednesday raised questions over the “capability and condition” of Hindustan Aeronautics LimitedNSE -0.18 % (HAL) amid the Congress’ claim that the Modi government denied the defence PSU an offset contract in the Rafale deal. Talking to reporters here, the minister defended the Rafale deal, saying […]
George Ettiyil appointed as new senior director, sales South Asia for Lufthansa Group Airlines
Lufthansa Group Airlines announced on Wednesday that it has appointed George Ettiyil as its new senior director sales for South Asia. Effective February 2019, he will be responsible for all commercial activities of the Lufthansa Group Airlines, including Lufthansa German Airlines, SWISS, Austrian Airlines and Brussels Airlines, in India, Nepal, Bangladesh and Sri Lanka, the […]
Ashwani Lohani reappointed Air India CMD
Ashwani Lohani, a retired bureaucrat, has been appointed the Chairman and Managing Director (CMD) of national carrier Air India, on Wednesday. Lohani held the position for around two years from 2015. In August 2017, he was named the Chairman to the Railway Board. Lohani retired on December 31, 2018. According to the Appointments Committee of […]
GoAir CEO Vrieswijk quits within nine months
Budget carrier GoAir Wednesday said its chief executive Cornelis Vrieswijk has resigned from the post within nine months, citing personal matters. The former Easyjet executive joined the Wadia group airline only last June. The airline said Jeh Wadia, the managing director, will be discharging the additional responsibilities of the CEO, till it finds a successor […]
IndiGo to curtail 30 daily flights in February
The country’s largest airline IndiGoNSE -0.12 % Wednesday announced curtailing around 30 flights daily for the rest of February as it looks to stabilise operations and adjust crew rosters. IndiGo, which has more than 41 per cent of domestic market share, said the cancellations represent 2 per cent of its flights and that operations would […]