Indian airports expected to become profitable in FY23
"Resumption of international commercial operations would accelerate the traffic recovery. Southeast Asia, Middle East and Europe are expected to be the major destinations driving the demand. The yield per passenger is much higher for the international sector both from aero and non-aero revenues perspective which is a positive for airport operators," said Rajeshwar Burla, Group Head, Corporate Ratings, ICRA.
India allows over 3,200 international flights per week from Sunday
The Summer Schedule 2022 is effective from March 27, 2022 till October 29, 2022. "A total of 1,466 departures per week have been approved to 43 destinations in 27 countries," the Directorate General of Civil Aviation said in a statement. As per the approved schedule, IndiGo will operate 505 departures per week, followed by Air India at 361, Air India Express 340, SpiceJet at 130, GoAir (GoFirst now) at 74 and Vistara at 56.
Bengaluru airport named 'Best Airport' at Wings India Awards 2022
The Kempegowda International Airport in Bengaluru has won two major accolades at the Wings India Awards 2022. The airport has been adjudged the 'Best Airport' under the General Category, and also won the 'Aviation Innovation' Award, according to an official statement by Bengaluru International Airport authorities on Saturday.
Akasa Air plans to launch first flight in June
India's newest budget airline Akasa Air plans to launch its first commercial flight in June. The airline's chief executive Vijay Dube said on Friday that they are working with the Ministry of Civil Aviation (MoCA) and Directorate General of Civil Aviation (DGCA) to get the required clearances for commencing the air operations.
'India's domestic aviation sector set to recover fully by mid-2022'
Remi Maillard, President and MD, Airbus India and South Asia, believes that domestic traffic in India will fully recover by the middle of the current year while international traffic will rebound by the next year. "The Covid crisis has had a massive impact on the industry and air traffic in India. We see traffic recovering on the back of strong demand," he said and welcomed the decision of the Civil Aviation Ministry to reopen to international traffic from March 27.
Flybig to acquire 10 Twin Otter aircraft
The airline signed a Letter of Intent with De Havilland on the sidelines of Wings India 2022, the civil aviation show which began in Hyderabad on Thursday. These 19-seater aircraft will help in serving small and remote communities that are not accessible by air, the airlines said. Twin Otter 400 Series has a proven track record of safe, dependable operations, as well as versatility, which includes the ability to land on land or water.
India requires 2,210 aircraft over next 20 years, says Airbus
Aircraft maker Airbus has forecast that India will require 2,210 new aircraft over the next 20 years when the country's air passenger traffic is expected to grow at 6.2 per cent per annum, the highest in the world. The fleet could comprise 1,770 new small and 440 medium and large aircraft.
Air fares to go sky-high as jet fuel prices surge
In recent days, fares have risen by around 20-25 per cent on most domestic routes on a month-on-month basis. With ATF prices being hiked to over Rs 1 lakh per kilolitre, fares are expected to rise further. "This time the industry had already braced for an ATF price hike, with most of the airlines hiking fares on certain legs by about 20-25 per cent in the past couple of days," said Aloke Bajpai, Co-founder and Group CEO, ixigo.
Adani Group all set to acquire new 'space' for Thiruvananthapuram airport
According to a source, discussions have reached the closing stages and the deal is all set to be inked in taking over the building, which is presently a functional one. Incidentally, the Adani Group is already engaged in building the Vizhinjam Port, which is located about 15 kms from the airport.
Virgin Galactic opens spaceflight tickets to public for $450,000
The company has pegged the tickets at a whopping $450,000 each, the Verge reported. To secure their seat, customers must pay a $150,000 deposit and then pay the remaining $300,000 before the flight. Virgin Galactic has an application that individuals can fill out on the company's website. Virgin Galactic successfully flew its founder, Branson, to space in July last year.