THIRUVANANTHAPURAM: In a move that could bring cheers to the business diaspora in Japan, the state government has written to the Air India Managing Director requesting to start direct flight service between Japan and Thiruvananthapuram with a stopover at either Bangkok or Singapore. According to senior government officers, the state government has shot off a […]
Category: Civil Aviation
Rough financial headwinds send airlines across India in a tailspin
NEW DELHI: In the last few months, almost every airline in the country is facing some sort of crisis. After having a wonderful sail for two-three years, the aviation industry was hit severely last year when international crude prices went up and the value of domestic currency depreciated against the US dollar. Excessive parking and […]
Aviation stocks up 7 per cent even as DGCA report shows slow passenger growth
NEW DELHI: Aviation stocks Friday rallied up to 7 per cent on the BSE even as DGCA’s data showed a slowdown in air passenger traffic in February. Stock of SpiceJet zoomed 7.04 per cent to Rs 98.10. Intra-day, it rose 14.23 per cent to touch a high of Rs 104.70. InterGlobe Aviation closed the counter […]
Jet Airways grounds all flights from Kerala; fares skyrocket
THIRUVANANTHAPURAM: The crisis in Jet Airways has hit the flight movements from the state with the airline grounding all the flights from the state, including Trivandrum, Cochin and Calicut airports. According to a senior official, it had two daily flights from Trivandrum airport – one international and one domestic. The flight to Saudi Arabia from […]
Kochi airport: Terminal-1 departure is operational
KOCHI: The Cochin International Airport started check-in at its renovated Terminal-1 (T1) on Thursday with the issuance of the boarding pass to the passengers of Indigo flight bound for Chennai. The entire check-in activities shifted from Terminal 2 to T1 by Thursday noon making T1 fully operational. The Central Industrial Security Force had taken up […]
Jet Airways’ lenders may acquire substantial stake in airline till new promoters come in: Sources
NEW DELHI: Lenders of Jet Airways are likely to pick up a substantial stake in the debt-laden airline till a new promoter is roped in, sources said. The process of getting a new promoter on board is likely to take another two to three months and once that happens, the banks would offload their stakes, […]
With just one-fourth of operational fleet, Jet Airways suspends services to 13 international routes till end-April
MUMBAI: Jet Airways, on the verge of going belly-up, has suspended operations on as many as 13 more international routes till end-April even as it grounded seven more planes due to non-payment of rentals, taking the number of such aircraft to 54. Besides, the airline has also reduced frequencies on seven other overseas routes, mostly […]
After Boeing Max ban, SpiceJet in talks with lessors to induct aircraft
NEW DELHI: Budget carrier SpiceJet is holding discussions with lessors globally to induct aircraft in its fleet to fill the gap which had formed after it grounded 12 Boeing 737 MAX 8 planes post the Ethiopian Airlines crash. Share prices of SpiceJet gained as much as 14.24 per cent to Rs 104.70 and closed at […]
Aviation stocks up 7 per cent even as DGCA report shows slow passenger growth
NEW DELHI: Aviation stocks Friday rallied up to 7 per cent on the BSE even as DGCA’s data showed a slowdown in air passenger traffic in February. Stock of SpiceJet zoomed 7.04 per cent to Rs 98.10. Intra-day, it rose 14.23 per cent to touch a high of Rs 104.70. InterGlobe Aviation closed the counter […]
Jet Airways chairman Naresh Goyal writes to staff, assures of early resolution
MUMBAI: With the clouds of uncertainty darkening over the survival of his 25-year-old airline, Jet Airways chairman Naresh Goyal Monday sought to reassure the 16,000-strong staff of the efforts to restore the “much-needed stability” in its operations at the earliest. Since a larger number of it’s over 100-fleet are grounded leading to drastically curtailed operations, […]
SpiceJet becomes first Indian low-cost airline to join IATA
MUMBAI/NEW DELHI: SpiceJet has joined global airlines’ grouping IATA as a member, becoming the first Indian low-cost carrier to get the membership. The International Air Transport Association (IATA) represents more than 290 airlines, including Air India, Jet Airways and Vistara. The membership would help SpiceJet, which has ambitious expansion plans, to have codeshares and agreements […]
Centre reviews Jet blues as safety concerns crop up
NEW DELHI: There is no respite in near sight for Jet Airways, which has already grounded two-thirds of its aircraft and has been cancelling several scheduled flights everyday, as the crisis is set to continue further. Separately, a trade union on Tuesday said that the carrier’s pilots have threatened to stop flying from April 1 […]