Spicejet CFO resigns as airline reports net loss of Rs 789 crore
SpiceJet said in a regulatory filing, said that its Chief Financial Officer resigned with effect from August 31. SpiceJet airline reported a net loss of Rs 789 crore (Rs 420 crore excluding forex adjustment) for the quarter ending June 30, 2022 as compared to a net loss of Rs 729 crore in the quarter ending 30 June, 2021 as business was severely impacted by record high fuel prices and a depreciating rupee.
Air Passenger volume likely to double to 400mn: Scindia
Speaking at an ASSOCHAM event on CEOs' Roundtable discussion, the Minister said that aviation is competing closely with the railways in the air-conditioned segment. "The railways today carries 125 million passengers in 1st and 2nd AC, airlines on the other hand carried 144 million domestic travellers before the pandemic and in the next 5 to 10 years, civil aviation will carry the bulwark of transportation for this limited section," the Minister said.
DGCA removes price cap on air fares
"After review of the current status of scheduled domestic operations viz-a-viz passenger demand for air travel, it has been decided to remove the fare bands notified from time to time regarding air fare with effect from 31.08.2022," said the Ministry of Civil Aviation. "The decision to remove air fare caps has been taken after careful analysis of daily demand and prices of air turbine fuel. Stabilisation has set in and we are certain that the sector is poised for growth in domestic traffic in the near future," Civil Aviation Minister Jyotiraditya Scindia said in a tweet.
Aircraft operators to share info on international travellers with NCTC
The CBIC (Central Board of Indirect Taxes and Custom), which comes under the Union Finance Ministry, issued a gazette notification in this regard on Monday titled 'Passenger Name Record Information Regulations, 2022'. Every aircraft operator is now required to register and provide passenger details in a prescribed format to NCTC-P "not later than twenty four hours before the departure time; or at the departure time - wheels off," said the notification.
'Aviation & aeronautical manufacturing sector likely to generate 1 lakh jobs'
A parliamentary standing committee on Estimates in its report tabled in the Lok Sabha on Monday noted: "At present, the direct employment in the aviation and aeronautical manufacturing sector is around 2,50,000 employees which includes pilots, cabin crew, engineer, technicians, airport staff, ground handling, cargo, retail, security, administrative and sales staff."
IndiGo to reinstate pilots' salaries
"Despite the fuel and foreign exchange costs remaining prohibitive, we are hopeful that we will continue to inch our way back to profitability and higher growth. Our aim has been to constantly revisit our salary and remuneration and reinstate them to pre-Covid levels," said the statement attributed to the airline's senior vice president of flight operations, Capt. Ashim Mittra.
Airlines should deploy type rated certifying staff, says DGCA
"Based on reports of increased engineering related occurrences in scheduled airlines in recent times, the DGCA conducted several audit/spot checks which indicated improper identification of cause of a reported defect, increasing trend of MEL releases, and insufficient certifying staff," said Director General Civil Aviation Arun Kumar.