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aviation industry

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Rakesh Jhunjhunwala is foraying into an industry that has suffered significant losses due to the ongoing coronavirus pandemic.(MINT_PRINT)

Akasa Air: Rakesh Jhunjhunwala to invest $35M for low-cost airline in India

By hindustantimes.com | Written by Ayshee Bhaduri | Edited by Poulomi Ghosh, Hindustan Times, New Delhi
PUBLISHED ON JUL 28, 2021 10:13 PM IST
  • Akasa Air is expected to get a no-objection certificate from the aviation ministry within the next 15 days and will include a fleet of planes that can carry around 180 passengers.
A passenger wearing a face mask as a precautionary measure against COVID-19, walks through the arrivals hall after landing at London Heathrow Airport in west London.(AFP)
A passenger wearing a face mask as a precautionary measure against COVID-19, walks through the arrivals hall after landing at London Heathrow Airport in west London.(AFP)

Vaccinated nations fear quick reopening, hurt hopes of aviation revival

Bloomberg |
PUBLISHED ON APR 17, 2021 02:45 PM IST
There are concerns that premature reopenings will help spread newer strains of the coronavirus and undermine progress toward slowing the spread of the disease.
The latest inspections could hasten the end of the earliest 777 models if the repairs turn out to be costly. (AP Photo/Matt Hartman,File)(AP)
The latest inspections could hasten the end of the earliest 777 models if the repairs turn out to be costly. (AP Photo/Matt Hartman,File)(AP)

Engine explosion spurs Boeing 777 groundings in US, Asia

Bloomberg |
PUBLISHED ON FEB 22, 2021 12:18 PM IST
  • While the incident doesn’t suggest broader problems with the 777, it adds another urgent issue to Boeing’s to-do list only just after the 737 Max was cleared to fly again in markets including the US and Europe.
IATA has predicted 50.4 per cent improvement on the demand of last year that could bring the industry to 50.6 per cent of 2019 levels.(Reuters)
IATA has predicted 50.4 per cent improvement on the demand of last year that could bring the industry to 50.6 per cent of 2019 levels.(Reuters)

List of countries worst hit in aviation by Covid, India 3rd in domestic traffic

By hindustantimes.com | Edited by Deepali Sharma, Hindustan Times, New Delhi
UPDATED ON FEB 05, 2021 11:00 PM IST
This huge fall has put extra pressure on the cash positions of the aviation industry and has delayed the time of recovery.
Icra said domestic air passenger traffic could witness a further upside in 2021-22, with an estimated growth of about 93 per cent.(ANI File Photo)
Icra said domestic air passenger traffic could witness a further upside in 2021-22, with an estimated growth of about 93 per cent.(ANI File Photo)

Domestic aviation industry may see around 57% revenue growth in FY22: Icra

Mumbai | By Press Trust of India | Posted by Kanishka Sarkar
PUBLISHED ON JAN 04, 2021 09:25 PM IST
There is likely to be around 164 per cent growth in international air passenger traffic, assuming non-availability of Covid-19 vaccine on a wide scale up to the second half of 2021.
IndiGo reported its biggest quarterly loss on Thursday as travel curbs still in place to control the spread of the coronavirus hammered the aviation industry(Bloomberg)
IndiGo reported its biggest quarterly loss on Thursday as travel curbs still in place to control the spread of the coronavirus hammered the aviation industry(Bloomberg)

India’s top airline IndiGo posts quarterly loss on pandemic hit

Bengaluru | By Reuters | Posted by Ayshee Bhaduri
UPDATED ON OCT 29, 2020 11:14 PM IST
The company logged a net loss of 11.95 billion rupees ($161.61 million) for the second quarter ended Sept. 30, compared with a loss of 10.66 billion rupees last year
The other options before the government is to defer the national airline’s sale by two to three years to let the investment climate improve or wind up its operations, the two persons cited above said.(PTI file photo)
The other options before the government is to defer the national airline’s sale by two to three years to let the investment climate improve or wind up its operations, the two persons cited above said.(PTI file photo)

Govt may defer Air India sale, reduce debt to sweeten the deal

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON SEP 18, 2020 04:55 AM IST
Participating in a debate on the Aircraft (Amendment) Bill, 2020 in the Rajya Sabha on Tuesday, Hardeep S Puri, minister of state for civil aviation, said a sale is the last resort to keep Air India alive.
A United Airlines passenger aircraft arrives over the top of residential houses to land at Heathrow Airport in west London, Britain.(Reuters File)
A United Airlines passenger aircraft arrives over the top of residential houses to land at Heathrow Airport in west London, Britain.(Reuters File)

Fall in Heathrow airport traffic due to Covid-19 crisis may create ‘ghost towns’

Hindustan Times, London | By Prasun Sonwalkar
UPDATED ON SEP 18, 2020 12:47 AM IST
Crisis in aviation industry due to pandemic will badly hit West London suburbs such as Southall, Hounslow, Slough and Hillingdon near Heathrow, which have large Indian-origin populations.
Union minister for housing and urban affairs Hardeep Singh Puri in the Rajya Sabha during the ongoing monsoon session of Parliament.(PTI File Photo)
Union minister for housing and urban affairs Hardeep Singh Puri in the Rajya Sabha during the ongoing monsoon session of Parliament.(PTI File Photo)

Airlines in India seek $1.5 billion in interest-free credit line

By Bloomberg | Posted by Kanishka Sarkar
PUBLISHED ON SEP 16, 2020 08:28 PM IST
Indian carriers need as much as $2.5 billion to keep flying, according to estimates from Sydney-based CAPA Centre for Aviation, and one or more of the nation’s airlines are expected to fail in the absence of additional funding from the government or their owners.
Planes of different airlines parked at T-3 of IGI Airport in New Delhi.(PTI File Photo)
Planes of different airlines parked at T-3 of IGI Airport in New Delhi.(PTI File Photo)

Aviation industry may take a big hit: Govt note

Hindustan Times, New Delhi | By Saubhadra Chatterji and Anisha Dutta
UPDATED ON AUG 18, 2020 04:12 AM IST
Based on the preliminary estimates by airlines,the sector may be set for a reduction of 50-60% in international traffic and up to a 50% drop in domestic traffic, an official note said.
British Airways is among the carriers announcing dismissals and unpaid leave programs.(Bloomberg File Photo)
British Airways is among the carriers announcing dismissals and unpaid leave programs.(Bloomberg File Photo)

Jobs are being wiped out at airlines, and there’s worse to come

By Bloomberg
UPDATED ON JUL 24, 2020 11:14 AM IST
British Airways, Deutsche Lufthansa AG, Emirates Airline and Qantas Airways Ltd. are among the carriers announcing thousands of dismissals and unpaid leave programs.
The global aviation industry has suffered heavy losses because of lockdowns imposed by several countries to curb the spread of the coronovirus disease.(HT File Photo)
The global aviation industry has suffered heavy losses because of lockdowns imposed by several countries to curb the spread of the coronovirus disease.(HT File Photo)

Air India seeks to cut costs ahead of privatisation

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JUL 17, 2020 03:49 AM IST
Air India’s accumulated debt is estimated to be more than Rs 69,000 crore. It posted a loss of Rs 8,556 crore in financial year 2018-19, as against a net loss of Rs 5,348 crore in the previous financial year.
The airline management and civil aviation ministry officials met the pilots on July 8. (HT File Photo)
The airline management and civil aviation ministry officials met the pilots on July 8. (HT File Photo)

AI sacks 200 cabin crew on contract

Hindustan Times, Mumbai | By Neha LM Tripathi
UPDATED ON JUL 12, 2020 12:12 AM IST
The officials said the 50 sought to withdraw their resignations after private airlines rescinded their jobs offers they had put in their papers for amid the Covid-19 pandemic that has hit the aviation industry hard.
Air France said it wanted to begin a “transformation that rests mainly on changing the model of its domestic activity, reorganising its support functions and pursuing the reduction of its external and internal costs”.(REUTERS)
Air France said it wanted to begin a “transformation that rests mainly on changing the model of its domestic activity, reorganising its support functions and pursuing the reduction of its external and internal costs”.(REUTERS)

Air France, Hop! to shed 7,580 jobs by end of 2022: Management

Paris | By Agence France-Presse
PUBLISHED ON JUL 04, 2020 08:14 AM IST
The aviation industry has been hammered by the travel restrictions imposed to contain the virus outbreak, with firms worldwide still uncertain when they will be able to get grounded planes back into the air.
As a responsible airline, we have also taken steps to ensure our passengers and crew members are safe while onboard, Indigo CEO said.
As a responsible airline, we have also taken steps to ensure our passengers and crew members are safe while onboard, Indigo CEO said.

‘It may take 18-24 months to recover from crisis’: IndiGo CEO

Hindustan Times, New Delhi | By Rhik Kundu
UPDATED ON JUN 29, 2020 07:40 AM IST
However, the risk of transmission of Covid-19 from one passenger to another passenger on board is very low, making flying the safest way to travel, Ronojoy Dutta said.
India resumed domestic air travel last month with a strict ban on international flight operations in place.(Bloomberg)
India resumed domestic air travel last month with a strict ban on international flight operations in place.(Bloomberg)

Flying amid Covid-19 pandemic: Airlines across globe are stopping in-flight alcohol sales

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Sparshita Saxena
UPDATED ON JUN 17, 2020 10:23 AM IST
US’ Delta Airlines will only be serving alcohol in its international flights. Many airlines, including British budget airline EasyJet, have settled with only serving bottled water aboard.
The new aviation guidance shows the government is preparing for a restart.(Bloomberg)
The new aviation guidance shows the government is preparing for a restart.(Bloomberg)

Britain publishes Covid-19 safety guidance for airlines and airports

London | By Reuters
PUBLISHED ON JUN 11, 2020 06:11 PM IST
Passengers and staff should wear face coverings in airports and on aircraft, while passengers should check in all luggage including hand bags and remain seated for as much of the flight as possible, said the Department for Transport on Thursday.
Leading rating agencies have forecast the Indian economy to contract by 5 per cent in the current fiscal due to the impact of the crisis.(PTI)
Leading rating agencies have forecast the Indian economy to contract by 5 per cent in the current fiscal due to the impact of the crisis.(PTI)

Air India employee unions seek Rs 50,000 crore financial package for national carrier

Mumbai | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON MAY 28, 2020 03:38 PM IST
In a letter to Prime Minister Narendra Modi, the Joint Forum said that Air India is a “necessity” for the country, especially in times of crises, and a financial package will not only help the flag carrier but also the entire aviation sector and the economy.
Flying safe has taken on a new meaning in times of Covid-19(ANI)
Flying safe has taken on a new meaning in times of Covid-19(ANI)

Flying in times of a pandemic | HT Editorial

Hindustan Times | By HT Correspondent
UPDATED ON MAY 24, 2020 07:18 PM IST
The resumption of flights, even as cases surge, hinges on citizens being responsible
Under the plan, people who arrive at airports, ports and Eurostar railway stations will be asked to provide the address they will self-isolate for two weeks upon arrival by filling out a digital form.(AP)
Under the plan, people who arrive at airports, ports and Eurostar railway stations will be asked to provide the address they will self-isolate for two weeks upon arrival by filling out a digital form.(AP)

After months of no checks, UK mulls quarantine for visitors

Hindustan Times, London | By Prasun Sonwalkar
PUBLISHED ON MAY 09, 2020 06:38 PM IST
The airlines industry warned of a debilitating effect of the measure. Ministers and health officials previously claimed checking and quarantining visitors had a marginal effect, but the new plan led many to demand why now, after over 31,000 people have died in the UK.
Israel has managed to keep the coronavirus crisis largely in check, and though it has reported 225 deaths out of more than 16,100 cases, it has not seen hospitals or morgues overwhelmed. More than half of the reported cases in Israel have recovered.(Unsplash)
Israel has managed to keep the coronavirus crisis largely in check, and though it has reported 225 deaths out of more than 16,100 cases, it has not seen hospitals or morgues overwhelmed. More than half of the reported cases in Israel have recovered.(Unsplash)

Air travel wanes, but bodies still fly to Israel for burial

Tel Aviv | By Press Trust of India
UPDATED ON MAY 02, 2020 03:10 PM IST
Air travel to Israel has come to a near standstill due to coronavirus restrictions, but one type of voyage still endures: the final journey of Jews wishing to be buried in Israel.
The Rolls-Royce Trent XWB-97 engines of an Airbus A350-900(Reuters File Photo)
The Rolls-Royce Trent XWB-97 engines of an Airbus A350-900(Reuters File Photo)

Rolls-Royce considering workforce cut of up to 15% due to Covid-19: Report

By Bloomberg
UPDATED ON MAY 02, 2020 06:08 AM IST
The London-based company is joining a rush to slash costs across airlines and aerospace manufacturers, which are shrinking operations as Covid-19 all but erases travel demand. A 15% cut would imply the loss of approximately 8,000 jobs, based on Rolls-Royce’s average total employment last year.
The harsh steps are likely to be repeated by other airlines in days and weeks to come, after flight restrictions aimed at fighting the coronavirus threw the industry into its steepest downturn ever.(Unsplash)
The harsh steps are likely to be repeated by other airlines in days and weeks to come, after flight restrictions aimed at fighting the coronavirus threw the industry into its steepest downturn ever.(Unsplash)

British Airways to cut up to 12,000 jobs in survival fight

Bloomberg | By HT Correspondent
UPDATED ON APR 29, 2020 01:54 PM IST
International Airlines Group (IAG) SA will slash the work force at its flagship British Airways by almost 30% in a painful restructuring aimed at shrinking the airline group for a downturn that could last for years.
All Nippon Airways (ANA) Boeing 787-8 Dreamliner taxis in front of other aircraft at the Tokyo International Airport.(Reuters File)
All Nippon Airways (ANA) Boeing 787-8 Dreamliner taxis in front of other aircraft at the Tokyo International Airport.(Reuters File)

Boeing set to cut Dreamliner output by half, jobs on plunging demand amid Covid-19 pandemic: Report

By Bloomberg
UPDATED ON APR 24, 2020 06:22 AM IST
Dave Calhoun, Boeing’s chief executive officer, hinted that painful measures would be needed when he warned employees last month of a “new reality” with a far smaller jetliner market when the world emerges from the coronavirus pandemic.
India has been under a nationwide lockdown since March 25 to check the coronavirus pandemic. All domestic and international commercial passenger flights have been suspended for this period.(REUTERS PHOTO.)
India has been under a nationwide lockdown since March 25 to check the coronavirus pandemic. All domestic and international commercial passenger flights have been suspended for this period.(REUTERS PHOTO.)

Indigo rolls back pay cut in April salary of employees, heeds Centre’s appeal

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON APR 23, 2020 03:26 PM IST
Earlier last month, IndiGo had announced that employees of the carrier would take a 25% pay cut along with Dutta himself leading from the front to take a pay cut.
As understanding as we are of the airline’s policies, many of us have been surprised to find the opposite is not true.(Unsplash)
As understanding as we are of the airline’s policies, many of us have been surprised to find the opposite is not true.(Unsplash)

The Taste with Vir: Pity the poor passenger

Hindustan Times | By Vir Sanghvi
UPDATED ON APR 21, 2020 09:05 AM IST
By refusing to refund money to passengers, airlines have betrayed public trust and lost the moral right to a tax payer-funded bail out.
Airlines may need a bailout of more than $200 billion as they tackle the coronavirus epidemic, the International Air Transport Association (IATA) estimates.(REUTERS)
Airlines may need a bailout of more than $200 billion as they tackle the coronavirus epidemic, the International Air Transport Association (IATA) estimates.(REUTERS)

India mulls $1.6 billion rescue plan for airlines hit by Covid-19: Report

New Delhi | By Reuters
UPDATED ON MAR 19, 2020 03:31 PM IST
Governments over the world are scrambling to rescue airlines that have been forced to park planes and cut jobs as the coronavirus outbreak puts the brakes on travel.
In an era when teen climate activist Greta Thunberg opts to travel on an eco-friendly boat and “flight-shaming” is all the rage in her native Sweden, air travel’s reputation has never looked as dire.(Unsplash)
In an era when teen climate activist Greta Thunberg opts to travel on an eco-friendly boat and “flight-shaming” is all the rage in her native Sweden, air travel’s reputation has never looked as dire.(Unsplash)

Flight of fancy? Aviation industry tries to go green

Singapore | By Agence France-Presse
UPDATED ON FEB 17, 2020 10:17 AM IST
From an emissions-reducing model jet that looks like something from a sci-fi movie to electric aircraft and sustainable fuel, the aviation industry is ramping up efforts to go green as consumer pressure grows.
DefExpo 2020.(PTI file)
DefExpo 2020.(PTI file)

DefExpo 2020:Skill bodies develop qualification packs for aerospace, aviation jobs

Hindustan Times, Lucknow | By Rajeev Mullick
UPDATED ON FEB 06, 2020 06:18 PM IST
The Indian aviation market is on a high growth path and is expected to become the third largest market in the world this year, and the largest by 2030.
In a filing to the stock exchanges, InterGlobe Aviation, the parent form of IndiGo, said its board of directors has received a letter from Gangwal and Sebi has also sought a response on the letter.(Gurminder Singh / HT FILE Photo)
In a filing to the stock exchanges, InterGlobe Aviation, the parent form of IndiGo, said its board of directors has received a letter from Gangwal and Sebi has also sought a response on the letter.(Gurminder Singh / HT FILE Photo)

‘Paan ki dukaan managed better’: IndiGo promoters’ spat out in open

New Delhi | By Press Trust of India
UPDATED ON JUL 10, 2019 10:17 AM IST
With the issues brewing for nearly a year, Gangwal has sought markets regulator Sebi’s intervention to address the problems.
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