Airlines
Akasa Air takes delivery of first of its 72 aircraft from Boeing
With a strong commitment to democratise the skies, the airlines' total order of 72 aircraft includes an initial delivery of 18 aircraft by March 2023, followed by delivery of the remaining 54 aircraft over the course of the next four years. The 737 MAX family delivers superior efficiency, flexibility and reliability while reducing fuel use and carbon emissions.
Centrum Broking gives 'buy' call for Interglobe Aviation
It has pegged the target price of Rs 2,284, as against its current market price of Rs 1,818. India's domestic air traffic has nearly reached its pre-Covid levels and international traffic is fast scaling up after the resumption of scheduled international travel in March 2022. "Fares meanwhile have strengthened from the lows of February 2022 and have offset the incremental burden of higher fuel costs," the brokerage said in a note.
DGCA warns airlines against offering unserviceable seats
"This is to inform that it has come to notice of the DGCA that some of the scheduled carriers are offering unserviceable seats on their scheduled international/domestic operations," it said in a statement, adding that it was not only causing inconvenience to the travellers but also inviting a serious safety concern.
Jhunjhunwala-backed Akasa Air reveals aircraft picture, says 'coming soon'
Through a Twitter post, it attached a picture of the aircraft with the caption: "Can't keep calm! Say hi to our QP-pie!." In another tweet, it said: "Coming soon to Your Sky." The low-cost carrier plans to offer commercial flights starting in the summer of 2022 and use its new fleet of 737s to meet the growing demand across India.
'Mountains to climb': Air India CEO-designate Wilson on new role
Wilson is currently the CEO of Singapore Airlines' subsidiary Scoot Air. Singapore Airlines (SIA) is a joint venture partner of Tata Group in full-service carrier Vistara. "This afternoon I informed the executive team and your union leaders of my resignation from Scoot and the SIA Group," he said to the employees to Scoot through a communique, which reportedly was his farewell letter.
Next round of 8-9 airports to be leased shortly, says Scindia
The Tatas took over Rs 15,300 crore of debt where they have since renegotiated terms, and refinanced it by bringing in new lenders. Civil Aviation Minister Jyotiraditya Scindia confirmed this in a conversation with IANS Editor in Chief Sandeep Bamzai on Wednesday. Scindia said, "The Tatas paid Rs 2,700 crore cash and took over Rs 15,300 crore of the airline's debt. We have settled the balance amount of Rs 47,000 crore with all the lenders. The deal is now complete and I believe this is a very big achievement."
Qantas to acquire aviation service company in $444mn deal
The deal would see Qantas purchase a remaining 80 percent stake in the company after buying 20 per cent at the beginning of 2019, reports Xinhua news agency. The deal would see Qantas acquire Alliance's fleet of around 70 Fokker jet aircraft, each with a seating capacity of 100. The Fokker is well suited to small-scale charters, such as flying workers out to Australia's remote mining sites.
India's daily domestic air passenger traffic crosses 4 lakh mark
In a tweet, he said: "And we hit the 4 lakh mark for the first time in the last two years!" On Sunday, 407,975 domestic passengers were ferried on 2,838 flights. The total flight movement stood at 5,672. According to industry experts, lower Covid infection rate as well as lesser restrictions and holiday travel propped up the passenger numbers.
DGCA bars 90 SpiceJet pilots from operating 737 Max
Accordingly, these pilots would need to undergo retraining on 737 Max simulators. In a statement, DGCA Director General Arun Kumar said: "For the moment, we have barred these pilots from flying Max and they have to retrain successfully for flying Max." "Also, we will take strict action against those found responsible for the lapse."
Jet fuel prices hiked, air fares to rise
Accordingly, in the national capital, the price of jet fuel was raised to Rs 1,12,924.83 per kilolitre (kl) from Rs 1,10,666.29 per kl. In the other metro cities of Kolkata, Mumbai and Chennai, the price was increased to Rs 1,17,353.71, Rs 1,11,690.61 and Rs 1,16,583.71 per kiloliter, respectively. "ATF prices have increased by around 50 % since the start of the year, major reason being the increase in crude prices led by the the Russia-Ukraine tensions," said Bhanu Patni.
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