Jet Airways back into the black, clocks Rs 426 cr profit in Q4FY16
May 27, 2016 at 08:08 | Source:
Jet Airways, India's second-biggest airline by passengers, reported an annual profit on Thursday for the first time since 2007 and a year ahead of schedule under its 2014 turnaround plan.The carrier, part-owned by Abu Dhabi's Etihad Airways, said low...
DGCA suspends licences of IndiGo pilots who were involved in landing scare
May 23, 2016 at 14:39 | Source:
New Delhi:Putting the lives of passengersin danger, an IndiGo aircraft flew close to the road runningparallel to the Jaipur Airport runway in February and aviationregulator DGCA has now suspended the flying licences of thetwo pilots concerned.IndiGo ...
Don't regulate air fares, else there will be many more Kingfisher Airlines
May 23, 2016 at 12:31 | Source:
New Delhi:In a perpetual tussle between the state straining to regulate prices of private enterprises versus free markets, private airlines have won the first round. After aviation regulator DGCA published its latest analysis on fares over the weeken...
After SpiceJet, Indigo launches fire sale, tickets starting Rs 806
May 18, 2016 at 16:37 | Source:
SpiceJet's anniversary sale seems to have kicked off a price war in the domestic aviation, with Indigo too launching a fire sale with tockets starting at Rs 806."Book between 17th and 19th May for travel between 4th July and 30th September and e...
IndiGo names Rohit Philip as chief financial officer for 5 years
May 18, 2016 at 12:35 | Source:
New Delhi: IndiGo's parent InterGlobe Aviation today announced the appointment of Rohit Philip as its Chief Financial Officer.Philip, coming in place of Pankaj Madan, who has put in his papers, would be joining the no-frills carrier from globaldocume...
SpiceJet now offers high-end cars worth Rs 25 lakh as perks for staff
May 11, 2016 at 14:08 | Source:
With the Indian aviation sector slowly getting back in shape financially and expectation of a economic revival, airline companies are in a mad scramble for talents. They are devising ways to get and retain good hands in key positions. Latest to up th...
IndiGo not passing entire low fuel cost benefit to flyers: Aditya Ghosh
May 08, 2016 at 17:42 | Source:
New Delhi: Amid rising concerns over higher airfares despite fall in oil prices, no-frills airline IndiGo has acknowledged that it is not "passing on all" the benefits accruing from lower fuel costs to the customers.The steep fall in intern...
Air India posts profit first time in decade, but still not out of woods
May 04, 2016 at 07:48 | Source:
New Delhi: Air India has reported a modest operational profit for the first time in a decade, two years ahead of the target as per its turnaround plan. This is significant since any profit, even if it is at the operational level, has been generated f...
InterGlobe Aviation drops over 6% after muted Q4 result
May 02, 2016 at 10:55 | Source:
Mumbai: Shares of IndiGo's parent InterGlobe Aviation plunged over 6 per cent after the company's net profit remained flat at Rs 579.31 crore in the three months ended March.After opening on a weak note, the stock further slipped 6.42 per cent to Rs ...
Airbus A320neo hit by hydraulic system problems| Reuters
Apr 25, 2016 at 23:15 | Source:
PARIS Airbus is facing a second category of technical problems with some of its family of A320neo aircraft on top of previously reported engine glitches that have delayed deliveries of its latest medium-haul jet, industry sources said on Monday.The p...
Air passenger traffic grew 24% in February to 74.76 lakh people
Mar 18, 2016 at 17:38 | Source:
New Delhi: Marking a growth of over 24 percent in passengers number, domestic airlines flew 74.76 lakh people in February with majority of the carriers recording over 80 percent seat occupancy.In February last year, the carriers had ferried 60.16 lak...