Category Archives: Aviation
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Low-cost carriers to remain profitable, but domestic industry may go in the red: report
Posted on February 9, 2017 by Diligentia News in Aviation.Indian Airlines are expected to report combined losses to the tune of USD 250-300 million as against an estimated profit of USD 122 billion in the previous financial year, according to an industry report. The downward pressure on yields, combined with cost creep, is expected to push the consolidated industry back into the red for […]
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Over 6000 violations by aviation companies in 2016: DGCA
Posted on February 9, 2017 by Diligentia News in Aviation.Aviation watchdog DGCA has come across over 6,000 violations related to compliance by aviation companies last year, the government said today. Another 233 such violations were detected during the random survey (surprise checks) by the Directorate General of Civil Aviation (DGCA) as part of its annual surveillance programme, Minister of State for Civil Aviation Jayant […]
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‘Profitability Is More Important Than Market Share’
Posted on February 9, 2017 by Diligentia News in Aviation.After a great turnaround, SpiceJet is now entering a new growth era, SpiceJet chairman and managing director Ajay Singh tells Ashish Sinha. Seven continuous quarters of profits and best passenger load factor; how are things now for SpiceJet? So far, so good. Given the place from where we came — when the airline was shutting […]
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Listing possible as Air India looks to restructure ownership
Posted on February 8, 2017 by Diligentia News in Aviation.The government is considering a new ownership structure at Air India in an attempt to turn around the fortunes of the loss-making national carrier, according to a report in Livemint. The report quotes two people familiar with the matter as saying that the proposed restructuring stops short of privatisation. The first step involves recasting almost […]
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Jet Air to recapture lost ground with 11 Boeing 737s
Posted on February 8, 2017 by Diligentia News in Aviation.Jet Airways, which has seen a dip in its market share in recent times, will now lease 11 old Boeing 737s in an incremental manner by the end of this year, before phasing them out with the arrival of 75 Boeing 737 Max aircraft from 2018 onwards. “The 11 Boeing 737s are older planes and […]
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Kempegowda airport posts 22.5% traffic growth
Posted on February 8, 2017 by Diligentia News in Aviation.Bangalore International Airport Ltd’s (BIAL) Kempegowda International Airport Bengaluru (BLR Airport) has posted an impressive traffic growth by clocking 22.18 million passengers, marking an overall traffic growth of 22.5 per cent. Air traffic movement witnessed an increase of 19.9 per cent, with the airport now connecting 45 airlines to 66 destinations in India and globally. […]
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Low-cost carriers to remain profitable: Aviation report
Posted on February 8, 2017 by Diligentia News in Aviation.Indian airlines are expected to report combined losses to the tune of USD 250-300 million as against an estimated profit of USD 122 billion in the previous financial year, according to an industry report. The downward pressure on yields combined with cost creep, is expected to push the consolidated industry back into the red for […]
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EAC rejects GMR’s plan to convert aviation SEZ in multiproduct
Posted on February 6, 2017 by Diligentia News in Aviation.A committee under the Minister of Environment, Forests and Climate Change has rejected GMR group’s request to convert its aviation SEZ at Rajiv Gandhi International Airport here into a multi-sector SEZ. GMR Hyderabad International Airport Limited (GHIAL) cited poor response from the aviation companies for setting up shops in aviation SEZ as the reason to […]
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AAI Act amendment unlikely to spell out purposes of land use
Posted on February 6, 2017 by Diligentia News in Aviation.The proposed amendment to the Airports Authority of India Act to allow monetisation of land is unlikely to specify for what purpose the denotified land can be used. “The idea of the proposed amendment is to allow usage of land as is required at a particular point in time. It is unlikely to define what […]
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Pawan Hans plans to provide Regional Air Connectivity through helicopters
Posted on February 6, 2017 by Diligentia News in Aviation.The Government of India Enterprise Pawan Hans Limited is planning to provide Regional Air Connectivity through helicopters, connecting all the districts of the country. Talking to UNI, B P Sharma, Chairman & Managing Director of Pawan Hans said that Company has prepared a detailed plan of expansion. Under the plan, it has prepared a vision […]
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