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Indian carrier Spicejet to consider raising fresh capital Indian budget airline Spicejet Ltd said on Tuesday it will consider options to raise fresh capital by issuing securities to qualified institutional buyers. The airline said it will also, when its board meets on Feb. 24, consider issuing shares on a preferential basis after converting outstanding liabilities into equity shares.
Indian carrier Spicejet to consider raising fresh capital
Indian carrier Spicejet to consider raising fresh capital
Source: Reuters
21/02/2023 11:23:44 AM
Indigo to cancel around 20% flights, waive change fees Airline company IndiGo on Sunday said it will cancel around 20 per cent of its scheduled flights due to rising Covid cases. "We anticipate that around 20 per cent of our current scheduled operations will be withdrawn from service," it said in a statement. "Where possible, cancellations of flights will be done at least 72 hours in advance and customers will be moved to the next available flight and will also be able to change their travel through the use of Plan B on our w...
Indigo to cancel around 20% flights, waive change fees
Indigo to cancel around 20% flights, waive change fees
Source: IANS
10/01/2022 8:54:19 AM
After 1st Covid jabs, AirAsia India`s crew get ready for bio-safe ops Having 96 per cent of its eligible frontline workforce already inoculated with first jab, AirAsia India is set to conduct complete bio-safe operations.   According to AirAsia India's MD & CEO Sunil Bhaskaran, the airline's inoculation drive was completed just days ago.   "By the end of May we covered 96 per cent of our workforce, excluding those ineligible for medical reasons, such as those recovering from Covid in the recent past," Bhaskaran told I...
After 1st Covid jabs, AirAsia India`s crew get ready for bio-safe ops
After 1st Covid jabs, AirAsia India`s crew get ready for bio-safe ops
Source: IANS
2/06/2021 4:34:26 PM
International flights suspension extended till June 30 India on Friday extended the suspension on international commercial flight operations till June 30, 2021. "In partial modification of circular dated 26-06-2020, the competent authority has further extended the validity of circular issued on the above subject... regarding scheduled international commercial passenger services to and from India till 2359 hrs IST of 30 June, 2021," the circular issued by the Directorate General of Civil Aviation (DGCA) said. The circular said that...
International flights suspension extended till June 30
International flights suspension extended till June 30
Source: IANS
28/05/2021 3:53:28 PM
Airlines rush to get their workforce vaccinated In anticipation of rising travel demand on the back of an accelerated vaccination programme, several domestic airlines are planning to initiate an internal inoculation drive for their workforce. Accordingly, low-cost carrier GoAir will soon commence a programme to get its entire workforce vaccinated free of cost. The airline has tied up with various hospitals in different cities for the vaccination programme. "The airline will bear the cost for both vaccine doses," it said. ...
Airlines rush to get their workforce vaccinated
Airlines rush to get their workforce vaccinated
Source: IANS
13/05/2021 10:58:37 AM
Indian airlines risk consolidation, plane repossessions amid COVID-19 surge NEW DELHI  - India's airlines are under renewed pressure to raise cash or face the risk of having to downsize, consolidate or have their planes repossessed by lessors as a surge of COVID-19 infections roils travel. Passenger traffic fell nearly 30% in April from a month before and has halved again so far in May, forcing even the country's biggest and most cashed-up carrier, IndiGo, to gear up for the storm. IndiGo's parent, Interglobe Aviation, will meet on Friday to co...
Indian airlines risk consolidation, plane repossessions amid COVID-19 surge
Indian airlines risk consolidation, plane repossessions amid COVID-19 surge
Source: Reuters
7/05/2021 3:14:55 PM
IndiGo ferries over 4K oxygen concentrators Airline major IndiGo on Wednesday said it has transported a total of 4,142 oxygen concentrators to and across the country. A total of 2,717 oxygen concentrators have been airlifted from Thailand, China, Qatar, Hong Kong, and Singapore to India, while 1,425 units have been transported domestically between 36 airports. Besides, the airline has ferried a massive load of other medical supplies to support the country amidst the shortage of medical equipment in the wake of a severe second wav...
IndiGo ferries over 4K oxygen concentrators
IndiGo ferries over 4K oxygen concentrators
Source: IANS
5/05/2021 5:47:48 PM
Singapore Airlines raises $1.5 billion from airplane sale-and-leaseback deals Singapore Airlines Ltd said on Monday it had raised about S$2 billion ($1.50 billion) through sale-and-leaseback deals for 11 of its planes to help bolster liquidity as it grapples with the pandemic-related plunge in travel. The airline said it would continue to explore other ways to raise liquidity after reaching deals with four parties over seven Airbus SE A350-900s and four Boeing Co 787-10s. Rivals such as Cathay Pacific Airways Ltd and Qantas Airways Ltd have done similar deals dur...
Singapore Airlines raises $1.5 billion from airplane sale-and-leaseback deals
Singapore Airlines raises $1.5 billion from airplane sale-and-leaseback deals
Source: Reuters
3/05/2021 9:11:25 AM
Lufthansa trims flight capacity outlook on slower recovery BERLIN - Lufthansa lowered its capacity forecast for flights this year as hopes dwindle for an early summer travel rebound, but the German airline's cost-cutting drive narrowed quarterly losses. The group, which includes Austrian Airlines, Swiss and Eurowings, also stepped up warnings to German unions that it is ready to use forced dismissals to cut more jobs. The travel industry has suffered many false starts to a hoped-for recovery, beset by new restrictions, virus variant ou...
Lufthansa trims flight capacity outlook on slower recovery
Lufthansa trims flight capacity outlook on slower recovery
Source: Reuters
30/04/2021 10:36:31 AM
Qatar Airways to ferry key medical aid to India free of charge Qatar Airways on Thursday said it will ferry key medical aid and equipment to India from global suppliers free of charge. The airline intends to transport 300 tonnes of aid from across its global network to Doha where it will be flown in a three-flight cargo aircraft convoy directly to destinations in India "where it is most desperately needed". Qatar Airways' Group Chief Executive, Akbar Al Baker said: "The State of Qatar has a long and special relationship with Indi...
Qatar Airways to ferry key medical aid to India free of charge
Qatar Airways to ferry key medical aid to India free of charge
Source: IANS
30/04/2021 8:48:39 AM
AI Sydney-Delhi flight returns without passengers In an awkward incident, Air India's Sydney-Delhi flight landed back here without any passengers, as a crew member was found to be Covid positive in Australia, sources said. The crew members on the flight which landed back on Tuesday were subjected to RT-PCR tests in Australia. After a crew member was detected positive, the Australian authorities refused to allow passengers to board the aircraft. According to sources, the Covid-19 positive crew member was asked to quarantine in Sy...
AI Sydney-Delhi flight returns without passengers
AI Sydney-Delhi flight returns without passengers
Source: IANS
28/04/2021 9:30:15 AM
Analysis: Digital passes fail to banish airline fears over airport chaos While politicians hail digital health passes as the solution to aviation's COVID-19 crisis, airline bosses are still having sleepless nights about clogged up airports as they worry how to deal with the millions who have already been vaccinated. More than 220 million people have been fully vaccinated against the disease, according to Our World in Data. Almost a billion have had at least one dose. (https://bit.ly/32HJtHQ) But many were given shots before the development of new user-fr...
Analysis: Digital passes fail to banish airline fears over airport chaos
Analysis: Digital passes fail to banish airline fears over airport chaos
Source: Reuters
27/04/2021 10:18:31 AM
Airfare cap, capacity to remain unchanged till May 31 Centre has extended the validity period of current airfare cap as well as the capacity utilisation of airlines till May 31. In one of the two separate orders, the Ministry of Civil Aviation extended the time period of airfare cap till May 31 from April 30. Till recently, the Centre had expanded the airfare cap by increasing the lower and upper limit. These fare bands came into force with effect from May 21, 2020. Under the fare structure, air routes are divided into sections based...
Airfare cap, capacity to remain unchanged till May 31
Airfare cap, capacity to remain unchanged till May 31
Source: IANS
26/04/2021 4:58:25 PM
Air India cancels UK flights from April 24 to 30 National carrier Air India has decided to cancel flights between India and the UK from April 24 to 30. The move comes after Britain recently announced travel restrictions on non-UK and non-Irish citizens. "Passengers who were to travel between India and UK, may kindly note that in view of recent restrictions announced by UK, flts from and to UK stand cancelled from 24th to 30th April '21. Further updates regarding rescheduling, refunds & waivers will be informed shortly.&qu...
Air India cancels UK flights from April 24 to 30
Air India cancels UK flights from April 24 to 30
Source: IANS
22/04/2021 9:32:36 AM
CY21 net airline industry losses to narrow down: International Air Transport Association Global airline industry's net losses are expected to narrow down in 2021, the International Air Transport Association (IATA) said. IATA expects net airline industry losses of $47.7 billion in 2021 - an improvement on the estimated net industry loss of $126.4 billion in 2020. "This crisis is longer and deeper than anyone could have expected. Losses will be reduced from 2020, but the pain of the crisis increases. There is optimism in domestic markets where aviation's hallmark...
CY21 net airline industry losses to narrow down: International Air Transport Association
CY21 net airline industry losses to narrow down: International Air Transport Association
Source: IANS
22/04/2021 8:56:48 AM
IndiGo waives off change fees on domestic bookings Airline major IndiGo waived-off change fees on new bookings made from April 17, 2021 till April 30, 2021. Besides, the airline announced that passengers can now do unlimited changes for new bookings made till April 30, 2021 on regular fares under this offer. "This offer is in line with our philosophy of providing our customers a hassle-free experience, and giving them much needed flexibility, especially in these times," said Sanjay Kumar, Chief Strategy & Revenue Officer, ...
IndiGo waives off change fees on domestic bookings
IndiGo waives off change fees on domestic bookings
Source: IANS
17/04/2021 9:31:44 AM
Airlines pull some Boeing 737 MAX jets after production snag WASHINGTON - Airlines pulled dozens of 737 MAX jets from service on Friday after Boeing Co warned them of a possible electrical insulation fault in the recent production of some planes. The glitch is the latest problem to beset Boeing's most-sold model but is not related to computer design problems that contributed to a 20-month safety ban in the wake of two crashes. Regulators said the new problem involved the electrical grounding - or connections designed to maintain safety in the...
Airlines pull some Boeing 737 MAX jets after production snag
Airlines pull some Boeing 737 MAX jets after production snag
Source: Reuters
11/04/2021 9:40:00 AM
IndiGo introduces door-to-door baggage transfer service Airline major IndiGo on Friday said that it has partnered with on-demand platform CarterPorter to provide door-to-door baggage delivery service. The airline has commenced the service from April 1, in New Delhi and Hyderabad and will subsequently launch it in Mumbai and Bengaluru for delivery to and from home and airport. The airline said the facility will enable passengers to travel "worry-free" as CarterPorter will transfer their baggage contactless from one destination to an...
IndiGo introduces door-to-door baggage transfer service
IndiGo introduces door-to-door baggage transfer service
Source: IANS
2/04/2021 5:26:26 PM
US-based Interups picks 49% stake in regional airline TruJet New York-based Interups Inc has picked 49 per cent stake in Hyderabad-headquartered Turbo Megha Airways Pvt Ltd operates under the name TruJet. TruJet operates its flights to 21 stations, including tier-2 cities with 7-ATR aircraft. K.V. Pradeep, Group Director, Hyderabad-based MEIL Group which owns the airline and Palepu Lakshmi Prasad, the Chairman of INTERUPS Inc. jointly stated that "the funds raised through 49 per cent FDI in the company, will be utilized to expand its operati...
US-based Interups picks 49% stake in regional airline TruJet
US-based Interups picks 49% stake in regional airline TruJet
Source: IANS
2/04/2021 9:52:19 AM
Hyderabad-Hubli flights restart from Wednesday Commercial flights between Hyderabad and Hubli, in Karnataka, recommenced with the first Alliance Air aircraft taking off at 6.35 am on Wednesday. With this sector, the GMR Hyderabad International Airport is connected to 57 domestic destinations. Pradeep Panicker, CEO, GMR Hyderabad International Airport Ltd, said, "The Recommencement of this service testifies that the passenger confidence in flying is gradually increasing and GMR Hyderabad International Airport is geared up to meet t...
Hyderabad-Hubli flights restart from Wednesday
Hyderabad-Hubli flights restart from Wednesday
Source: IANS
31/03/2021 3:13:06 PM
SpiceJet, Avenue Capital Group enter into MoU for aircraft acquisition Budget airline SpiceJet has entered into a Memorandum of Understanding (MoU) with Avenue Capital Group, New York for financing, acquisition and sale and lease-back of new planes. Accordingly, the Avenue Capital Group are specialists in the field of aircraft leasing and have identified the new planes to be ordered by SpiceJet as a unique opportunity for investment. The MoU is in respect of the financing, acquisition and sale and lease-back of 50 new planes to be ordered by the airline. ...
SpiceJet, Avenue Capital Group enter into MoU for aircraft acquisition
SpiceJet, Avenue Capital Group enter into MoU for aircraft acquisition
Source: IANS
31/03/2021 2:14:12 PM
SpiceJet climbs on signing MoU with Avenue Capital Group Spicejet is currently trading at Rs. 70.15, up by 1.80 points or 2.63% from its previous closing of Rs. 68.35 on the BSE. The scrip opened at Rs. 69.95 and has touched a high and low of Rs. 70.75 and Rs. 68.85 respectively. So far 62046 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 107.95 on 11-Dec-2020 and a 52 week low of Rs. 36.00 on 31-Mar-2020. Last one week high and low of the scrip stood at Rs. 72.50 a...
SpiceJet climbs on signing MoU with Avenue Capital Group
SpiceJet climbs on signing MoU with Avenue Capital Group
Source: Accord Fintech
31/03/2021 11:44:40 AM
18 flight routes operationalised under UDAN on Sunday In a major development in terms of regional connectivity, a total of 18 flight routes were operationalised under the UDAN scheme on Sunday. With this, over 343 routes have been operationalised under UDAN - Regional Connectivity Scheme (RCS). "Since its inception, over 343 routes have been operationalized under #UDAN-RCS. On 28th March alone, 18 flight routes were operationalised in a new record under UDAN," the Ministry of Civil Aviation said in a tweet. Another tweet said ...
18 flight routes operationalised under UDAN on Sunday
18 flight routes operationalised under UDAN on Sunday
Source: IANS
29/03/2021 11:28:54 AM
Gorakhpur-Lucknow flight to begin from March 28 Gorakhpur will now be connected to Lucknow by air. As a Holi gift to the people of Gorakhpur, the flight between two cities will commence on March 28. According to the government spokesman, passengers on the inaugural flight coming from Gorakhpur, will be given a grand welcome at Lucknow Airport. The people of Gorakhpur and those from Nepal and Bihar had been waiting for this flight for a long time. With this new air connectivity, the journey from Guru Gorakhnath Gorakhpur Airport...
Gorakhpur-Lucknow flight to begin from March 28
Gorakhpur-Lucknow flight to begin from March 28
Source: IANS
26/03/2021 3:13:32 PM