Indian Airline Losses
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Indian Aviation To Report Over $1 Billion Consolidated Loss In FY24: Report
Indian airlines are projected to record a consolidated loss of USD 1.6-1.8 billion in the next financial year, aviation consultancy CAPA India said on Monday.
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Air India Pushed Into Losses, Divestment Done To Save Public Money: Minister
Jyotiraditya Scindia listed out the merger of Air India and Indian Airlines as among various reasons for the national carrier's failure
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COVID-19 Impact On Aviation Sector: Major Airlines Faced Losses, Employees Laid Off
COVID-19 Impact On Indian Aviation Sector In 2020: It was projected that the Indian aviation industry will lose a combined $6-6.5 billion in FY21, of which airlines will account for $4-4.5 billion
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Airlines May Ground 150 Planes, Stare at Quarterly Loss on Coronavirus Impact: Report
All Indian airlines will report significant losses in the first quarter of this year and may initially ground around 150 planes as the shock from the coronavirus pandemic will be "far deeper and much longer", according to a report. Aviation advisory firm CAPA India on Wednesday said even before COVID-19 (coronavirus) appeared on the scene, most Ind...
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Pak Airspace Opening To "Drastically Reduce Expenses": Top Air India Official
Private carriers IndiGo, SpiceJet and GoAir lost Rs 25.1 crore, Rs 30.73 crore and Rs 2.1 crore respectively, bringing the total loss to Indian airlines to more than Rs 620 crore in less than five months
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India's Airlines Seek Emergency Credit From Oil Firms, Airports: Report
Airlines in India are asking the government to help them obtain unsecured credit from oil companies and airports, as fuel-price increases push them deeper into losses and imperil their survival. Competition and aggressive pricing are stopping fares from rising to reflect higher input costs, the Federation of Indian Airlines said in a letter sent to...
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Tata Sons Weighing Up The Economic Viability Of Jet Airways Deal: Report
Buying Jet, with its fleet of 124 aircraft, would return Tata to the forefront of Indian aviation in terms of size, almost 70 years after its first airline was nationalised, and six years after it re-entered the market with two joint ventures.
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India Considers Relief Package For Battered Airlines: Report
India on Tuesday said it was working on a relief package for a battered airline industry that an aviation consultancy forecasts will lose up to $1.9 billion this financial year, mainly from rising costs and low fares.
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FDI Okayed For Air India, Congress Says Government Doesn't Care
The Narendra Modi government today opened the doors for foreign investment in Air India -- a move that is expected to expedite the divestment process of the debt-ridden national carrier. Under the plan cleared by the cabinet this morning, foreign airlines will be able to make up to 49 per cent direct investment in Air India, leaving the control of ...
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Air India In Multiple Scams, Says CBI. Here's What It's Investigating
The CBI is investigating a decade-old deal which saw Air India and Indian Airlines acquiring 111 aircraft, saddling the national carriers with losses. The deal was approved by the cabinet of Prime Minister Manmohan Singh; the new inquiry adds to a list of scandals linked to his two successive terms in sectors including coal and telecom.
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CBI To Probe Air India-Indian Airlines Merger, Other Congress-Era Deals
The Central Bureau of Investigation or CBI will probe the controversial merger of Air India and Indian Airlines, besides alleged irregularities in purchase and lease of aircraft by the two state-run carriers under the Congress-led UPA coalition government which it said has caused "huge" losses to the taxpayer.
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With New Reforms, Flights To Become Cheaper, Lots Of 'No Frills' Airports
The Union Cabinet on Wednesday approved a new civil aviation policy aimed at making air travel affordable for millions of Indians and vastly expanding the country's aviation market.
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6 New Airlines to Start Operations in New Year: Government
Six new airlines are expected to fly the Indian skies next year, the government said today as it asked states to join hands to promote regional connectivity and help the aviation sector meet its burgeoning losses by reducing taxes on jet fuel.
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Government Says 6 New Airlines to Start Operations in 2015
Six new airlines are expected to fly the Indian skies next year, the government said on Tuesday as it asked states to join hands to promote regional connectivity and help the aviation sector meet its burgeoning losses by reducing taxes on jet fuel.
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Pilot Turns Malaysia Airlines Flight Around After Defect
A Malaysia Airlines flight was forced to turn around due to an auto-pilot defect, landing safely early Sunday, said the carrier already reeling from the loss of two planes this year.
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Indian Aviation To Report Over $1 Billion Consolidated Loss In FY24: Report
Indian airlines are projected to record a consolidated loss of USD 1.6-1.8 billion in the next financial year, aviation consultancy CAPA India said on Monday.
-
Air India Pushed Into Losses, Divestment Done To Save Public Money: Minister
Jyotiraditya Scindia listed out the merger of Air India and Indian Airlines as among various reasons for the national carrier's failure
-
COVID-19 Impact On Aviation Sector: Major Airlines Faced Losses, Employees Laid Off
COVID-19 Impact On Indian Aviation Sector In 2020: It was projected that the Indian aviation industry will lose a combined $6-6.5 billion in FY21, of which airlines will account for $4-4.5 billion
-
Airlines May Ground 150 Planes, Stare at Quarterly Loss on Coronavirus Impact: Report
All Indian airlines will report significant losses in the first quarter of this year and may initially ground around 150 planes as the shock from the coronavirus pandemic will be "far deeper and much longer", according to a report. Aviation advisory firm CAPA India on Wednesday said even before COVID-19 (coronavirus) appeared on the scene, most Ind...
-
Pak Airspace Opening To "Drastically Reduce Expenses": Top Air India Official
Private carriers IndiGo, SpiceJet and GoAir lost Rs 25.1 crore, Rs 30.73 crore and Rs 2.1 crore respectively, bringing the total loss to Indian airlines to more than Rs 620 crore in less than five months
-
India's Airlines Seek Emergency Credit From Oil Firms, Airports: Report
Airlines in India are asking the government to help them obtain unsecured credit from oil companies and airports, as fuel-price increases push them deeper into losses and imperil their survival. Competition and aggressive pricing are stopping fares from rising to reflect higher input costs, the Federation of Indian Airlines said in a letter sent to...
-
Tata Sons Weighing Up The Economic Viability Of Jet Airways Deal: Report
Buying Jet, with its fleet of 124 aircraft, would return Tata to the forefront of Indian aviation in terms of size, almost 70 years after its first airline was nationalised, and six years after it re-entered the market with two joint ventures.
-
India Considers Relief Package For Battered Airlines: Report
India on Tuesday said it was working on a relief package for a battered airline industry that an aviation consultancy forecasts will lose up to $1.9 billion this financial year, mainly from rising costs and low fares.
-
FDI Okayed For Air India, Congress Says Government Doesn't Care
The Narendra Modi government today opened the doors for foreign investment in Air India -- a move that is expected to expedite the divestment process of the debt-ridden national carrier. Under the plan cleared by the cabinet this morning, foreign airlines will be able to make up to 49 per cent direct investment in Air India, leaving the control of ...
-
Air India In Multiple Scams, Says CBI. Here's What It's Investigating
The CBI is investigating a decade-old deal which saw Air India and Indian Airlines acquiring 111 aircraft, saddling the national carriers with losses. The deal was approved by the cabinet of Prime Minister Manmohan Singh; the new inquiry adds to a list of scandals linked to his two successive terms in sectors including coal and telecom.
-
CBI To Probe Air India-Indian Airlines Merger, Other Congress-Era Deals
The Central Bureau of Investigation or CBI will probe the controversial merger of Air India and Indian Airlines, besides alleged irregularities in purchase and lease of aircraft by the two state-run carriers under the Congress-led UPA coalition government which it said has caused "huge" losses to the taxpayer.
-
With New Reforms, Flights To Become Cheaper, Lots Of 'No Frills' Airports
The Union Cabinet on Wednesday approved a new civil aviation policy aimed at making air travel affordable for millions of Indians and vastly expanding the country's aviation market.
-
6 New Airlines to Start Operations in New Year: Government
Six new airlines are expected to fly the Indian skies next year, the government said today as it asked states to join hands to promote regional connectivity and help the aviation sector meet its burgeoning losses by reducing taxes on jet fuel.
-
Government Says 6 New Airlines to Start Operations in 2015
Six new airlines are expected to fly the Indian skies next year, the government said on Tuesday as it asked states to join hands to promote regional connectivity and help the aviation sector meet its burgeoning losses by reducing taxes on jet fuel.
-
Pilot Turns Malaysia Airlines Flight Around After Defect
A Malaysia Airlines flight was forced to turn around due to an auto-pilot defect, landing safely early Sunday, said the carrier already reeling from the loss of two planes this year.
