Category Archives: Aviation
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Prepare to land at the aerotropolis
Posted on June 6, 2017 by Diligentia News in Aviation.BIAL plans to create a mini-city centred around the Kempegowda airport to let visitors indulge in leisure as well as work during transit An Airport City on the lines of the one at New Delhi, which will have hotels, restaurants business parks, shopping malls and other amenities, has been planned near the Kempegowda International Airport […]
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Airports Authority expects to monetise 7,000 acres of land
Posted on June 6, 2017 by Diligentia News in Aviation.The Airports Authority of India (AAI) expects to monetise nearly 7,000 acres out of its total land bank of about 1.36 lakh acres and use this land for building shopping centres, commercial offices and conference centres, among others. The civil aviation ministry has started inter-ministerial consultations on amending the Airports Authority of India Act, 1994, […]
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SpiceJet completes turnaround with Rs4.3b net profit in FY2016
Posted on June 6, 2017 by Diligentia News in Aviation.SpiceJet recorded an operating profit of Rs3.88 billion ($60.3 million) for the year ended 31 March 2017, a marginal increase of 0.7% against the previous corresponding period. Total revenue for the 12 months came in at Rs63 billion, a 20.3% increase from the previous financial year. Expenses was also up by 21.8% to Rs59.1 billion. […]
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Privatisation of aviation infra in India failed to deliver results: IATA chief Alexandre de Juniac
Posted on June 6, 2017 by Diligentia News in Aviation.Privatisation of airports and aviation infrastructure in India and some other countries has “failed to deliver” the benefits and the passengers and the economy have continued to suffer high costs, global airlines’ body IATA said today. As the World Airport Summit of the International Air Transport Association (IATA) began here, IATA Director General and CEO […]
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SpiceJet reports 43% fall in Q4 net profit
Posted on June 5, 2017 by Diligentia News in Aviation.Budget carrier SpiceJet reported 43 per cent fall in net profit at Rs. 41.6 crore for the fourth quarter ended March 31, 2017 due to higher fuel cost and lower yield on account of demonetisation. The Gurgaon-based carrier had reported a net profit of Rs. 73 crore during the January-March quarter of the 2015-16 fiscal. […]
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Government looks at three options for disinvestment of Air India
Posted on June 5, 2017 by Diligentia News in Aviation.The government is looking at three options for Air India disinvestment, including holding up to 49% in the national carrier, even as it is almost certain to take over a large part of the debt burden to make the airline more attractive for buyers. Sources said while there has been a recommendation to completely exit […]
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Jet Airways in talks to buy 50 single-aisle jets
Posted on June 5, 2017 by Diligentia News in Aviation.Jet Airways India Ltd, the country’s biggest full-service carrier, is in talks to buy 50 narrowbody jets on top of a pending order for Boeing Co 737 Max aircraft, a person with direct knowledge of the plan said. The most likely model the airline is considering is the 737 Max, though it is also looking […]
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Russia overtakes India in domestic air travel growth: IATA
Posted on June 5, 2017 by Diligentia News in Aviation.India is no longer the world’s fastest growing domestic air travel market. Russia overtook India by witnessing 16.7% growth in April 2017, over the same month last year, while India grew in this period at 15.3%, according to International Air Transport Association (IATA). The global average domestic air travel growth rate this April (over the […]
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Air India selloff: Government should exit completely, national carrier tag redundant now
Posted on June 5, 2017 by Diligentia News in Aviation.Should the government retain a minority stake in Air India to preserve the ‘national carrier’ tag, even after it agrees on the modalities to sell off this loss-making airline? If retaining a minority stake would be the consensus among the wise men in New Delhi tasked with Air India’s future, it would indeed be a […]
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Privatising Air India: Tatas eyeing state-run carrier?
Posted on June 5, 2017 by Diligentia News in Aviation.Air India is all in the news and buzzing on the social media big time though much to the discomfort of its approximately 19,000 employees, since the Modi government strongly favours the carrier’s privatisation. Who, in the words of civil aviation minister Gajapathy Raju, will be the “bakra” (scapegoat)? Tatas, as the rumours say, given […]
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