Global airlines flying to both the neighbouring countries — Pakistan and Bangladesh — are facing serious problems. They are unable to repatriate revenue of nearly $720 million ($399 million in Pakistan and $323 million in Bangladesh) as the governments have not released it, says the International Air Transport Association (IATA), which represents some 320 airlines … Read more
Tata group-owned Air India and Vistara are targeting October end to complete their merger consolidating their presence in the aviation market. While the National Company Law Tribunal has reserved its order on the merger application, the airlines have approached the Directorate General of Civil Aviation seeking clarification on crossover training requirements for pilots and crew. The … Read more
Once termed as the queen of the skies, the first of the last four of Air India’s Boeing 747 flew out of Mumbai’s international airport on Monday for the final time. The pilots flying the aircraft performed a “Wing Wave” — an aviation tradition reserved for retiring or concluding flights. Also read:Investment boom in Indian … Read more
Indian domestic airlines carried approximately 1.33 crore passengers in March 2024, representing a 3.68 per cent increase from the previous month and 4.38 per cent year-on-year growth, according to Directorate General of Civil Aviation (DGCA) data. “Passengers carried by domestic airlines during January–March 2024 were 391.46 lakhs as against 375.04 lakhs during the corresponding period … Read more
Investors, including scheduled banks, are winging their way to the aviation sector in a show of confidence in its growth prospects. According to the Reserve Bank of India, 40 scheduled banks have cumulatively doubled their lending to the aviation sector in January at ₹45,076 crore, as against ₹23,407 crore three years ago. Investments from other … Read more
Last Updated: April 12, 2024, 19:29 IST Some airlines offer passengers ‘flotation seat cushions’ as a life preserver. Some airlines offer passengers flotation seat cushions, armrests, headrests, pillows, or similar aircraft equipment as a life preserver during a dangerous incident. The thought of evacuating an aeroplane in an emergency in a neon life jacket is … Read more
Air travelers in India can expect to shell out 5-30 per cent more for flights this summer as airlines grapple with capacity cuts amidst rising travel demand and operational woes. Industry experts predict a rise in airfare prices on popular routes. “With the busy season starting we could see upward pressure on Airfares due to … Read more
India has “incredibly affordable” airfares and the country’s aviation market has the kind of growth potential where Akasa Air as well as other carriers can do well, according to the nearly two-year-old airline’s chief Vinay Dube. Also read: Akasa Air has plenty of pilots, will not cancel flights: CEO Dube As Akasa Air prepares to … Read more
The U.S., despite decades of research and studies, remains without authentic high-speed rail options. Since 1987, investors have attempted to introduce bullet train service to Texas. In 2014, a group organized under the name Texas Central launched the most recent attempt to connect Dallas to Houston with a bullet train that travels more than 200 … Read more
Akasa Air is seeing consistent growth in its cargo business and its freight loads are higher than peers, the airline’s Co-Founder & Chief Commercial Officer, Praveen Iyer said on Friday. “Cargo is one of the core sources of revenue for Akasa Air and we have witnessed a consistent uptick in the volume of our cargo delivery. … Read more