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India Becomes World's 3rd Largest Domestic Airline Market: Report
Driven by robust growth in the aviation sector in the last decade, India is now the third-largest domestic airline market in the world, up from 5th position 10 years ago.
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Global Airlines Launch New Flights In India Amid Travel Boom
Global airlines are launching new flights and expanding schedules in India, betting the South Asian giant will become one of the hottest travel markets over the next decade, airline officials and analysts say.
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"India Is Set To Give New Energy To Global Aviation Market": PM Modi
A growing demand has spurred orders for new aircraft from airlines in the country which is now set to give new energy to global aviation market, Prime Minister Narendra Modi said on Friday.
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Minister Urges Domestic Airlines To Help Create Global Aviation Hub
Civil Aviation Minister Jyotiraditya Scindia on Wednesday urged domestic airlines to help set up an international civil aviation hub in India and emphasised the need for having more wide-body planes to have point-to-point international services for passengers.
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Global Airline Industry To Post $6.9 Billion Loss In 2022: Industry Association
Today, IATA said the global airline industry is expected to return to profitability in 2023 and post a small net profit of $4.7 billion.
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IndiGo Grounds 30 Aircraft Due To Global Supply Chain Disruptions
Interglobe Aviation Ltd, the operator of India's top airline IndiGo, said on Monday it has grounded around 30 aircraft due to global supply chain disruptions.
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Global Investing Giants Are Zeroing In On Stock Picks For Post-Covid Rebound
JP Morgan Asset Management is recommending beaten-down shares of travel companies, airlines and hotels; and Fidelity International is increasing holdings in regions such as Europe.
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Sensex, Nifty Clock Record Closing Highs As Markets Extend Rally To 8th Day
Progress in the development of a coronavirus vaccine raised hopes for a global economic recovery, helping domestic airline and hotels stocks that have been hammered by the pandemic.
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Airlines Expected To Lose $84.3 Billion In 2020 Due To COVID-19: Industry Body
Airlines across the globe are expected to lose $84.3 billion in 2020, the worst year in the history of aviation, due to the coronavirus pandemic, according to Canada-based industry body IATA or International Air Transport Association. Carriers' revenues will fall 50 per cent to $419 billion this year, from $838 billion in 2019, IATA said in its fin...
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Coronavirus Crisis: IndiGo Cuts Senior Employees' Pay, CEO Takes 25% Hit
IndiGo, the country's largest airline by market share, on Thursday announced a pay cut for its senior employees due to shrinking revenues. Chief executive officer Ronojoy Dutta said he will take a cut of 25 per cent as the coronavirus outbreak has affected the profitability of the commercial aviation industry. IndiGo's announcement comes at a time ...
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India Soars Above Global Average In Hiring Female Airline Pilots
When Shweta Singh wanted to become a pilot 20 years ago, she had to first persuade her parents to let her pick an uncommon profession for women, then deal with unwelcoming male colleagues in the cockpit.
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China Made A Plane To Beat Airbus And Boeing; Now The Hard Part
China's first airliner designed to compete with Airbus and Boeing is off to a slow start. After the fanfare surrounding the C919's maiden flight in May, the single-aisle plane didn't fly again for four months and the two test aircraft have only made about two dozen flights since, well below the normal schedule for a new commercial jet.
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India Tops Domestic Air Traffic Growth In June: Global Airlines Body
The International Air Transport Association said India tops the growth chart in the first half of this year.
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India's 2-Year-Long Double Digit Growth To End: Global Airlines' Body
"At the current trend, India's impressive run of double-digit year-on-year growth rates looks set to end in July," said International Air Transport Association (IATA) in its monthly report.
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India To Fly 442 Million Passengers By 2035: Global Airlines Body
India will be among the five fastest-increasing markets, after China and the US, in terms of additional passengers per year.
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India Becomes World's 3rd Largest Domestic Airline Market: Report
Driven by robust growth in the aviation sector in the last decade, India is now the third-largest domestic airline market in the world, up from 5th position 10 years ago.
-
Global Airlines Launch New Flights In India Amid Travel Boom
Global airlines are launching new flights and expanding schedules in India, betting the South Asian giant will become one of the hottest travel markets over the next decade, airline officials and analysts say.
-
"India Is Set To Give New Energy To Global Aviation Market": PM Modi
A growing demand has spurred orders for new aircraft from airlines in the country which is now set to give new energy to global aviation market, Prime Minister Narendra Modi said on Friday.
-
Minister Urges Domestic Airlines To Help Create Global Aviation Hub
Civil Aviation Minister Jyotiraditya Scindia on Wednesday urged domestic airlines to help set up an international civil aviation hub in India and emphasised the need for having more wide-body planes to have point-to-point international services for passengers.
-
Global Airline Industry To Post $6.9 Billion Loss In 2022: Industry Association
Today, IATA said the global airline industry is expected to return to profitability in 2023 and post a small net profit of $4.7 billion.
-
IndiGo Grounds 30 Aircraft Due To Global Supply Chain Disruptions
Interglobe Aviation Ltd, the operator of India's top airline IndiGo, said on Monday it has grounded around 30 aircraft due to global supply chain disruptions.
-
Global Investing Giants Are Zeroing In On Stock Picks For Post-Covid Rebound
JP Morgan Asset Management is recommending beaten-down shares of travel companies, airlines and hotels; and Fidelity International is increasing holdings in regions such as Europe.
-
Sensex, Nifty Clock Record Closing Highs As Markets Extend Rally To 8th Day
Progress in the development of a coronavirus vaccine raised hopes for a global economic recovery, helping domestic airline and hotels stocks that have been hammered by the pandemic.
-
Airlines Expected To Lose $84.3 Billion In 2020 Due To COVID-19: Industry Body
Airlines across the globe are expected to lose $84.3 billion in 2020, the worst year in the history of aviation, due to the coronavirus pandemic, according to Canada-based industry body IATA or International Air Transport Association. Carriers' revenues will fall 50 per cent to $419 billion this year, from $838 billion in 2019, IATA said in its fin...
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Coronavirus Crisis: IndiGo Cuts Senior Employees' Pay, CEO Takes 25% Hit
IndiGo, the country's largest airline by market share, on Thursday announced a pay cut for its senior employees due to shrinking revenues. Chief executive officer Ronojoy Dutta said he will take a cut of 25 per cent as the coronavirus outbreak has affected the profitability of the commercial aviation industry. IndiGo's announcement comes at a time ...
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India Soars Above Global Average In Hiring Female Airline Pilots
When Shweta Singh wanted to become a pilot 20 years ago, she had to first persuade her parents to let her pick an uncommon profession for women, then deal with unwelcoming male colleagues in the cockpit.
-
China Made A Plane To Beat Airbus And Boeing; Now The Hard Part
China's first airliner designed to compete with Airbus and Boeing is off to a slow start. After the fanfare surrounding the C919's maiden flight in May, the single-aisle plane didn't fly again for four months and the two test aircraft have only made about two dozen flights since, well below the normal schedule for a new commercial jet.
-
India Tops Domestic Air Traffic Growth In June: Global Airlines Body
The International Air Transport Association said India tops the growth chart in the first half of this year.
-
India's 2-Year-Long Double Digit Growth To End: Global Airlines' Body
"At the current trend, India's impressive run of double-digit year-on-year growth rates looks set to end in July," said International Air Transport Association (IATA) in its monthly report.
-
India To Fly 442 Million Passengers By 2035: Global Airlines Body
India will be among the five fastest-increasing markets, after China and the US, in terms of additional passengers per year.
