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Jet Airways' record profit on prudent cost cutting measures, not just benign oil

May 27, 2016 at 16:28 | Source: FirstPost

Benign jet fuel prices have helped Indian airlines, and how. Jet Airways, which added no new capacity in FY16, managed to post its first ever annual profit thanks to easy oil prices. But what has been remarkable in the Jet turnaround story is the fan...

Jet Airways back into the black, clocks Rs 426 cr profit in Q4FY16

May 27, 2016 at 08:08 | Source: FirstPost

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: FirstPost

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: FirstPost

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...

Now Air India joins low airfare war, launches 'super sale' scheme starting Rs 1,499

May 21, 2016 at 14:51 | Source: FirstPost

New Delhi: Close on the heels of the budget carriers rolling out low fares, government-owned Air India has also launched a limited period "super sale" scheme, offering customers all-inclusive tickets starting as low as Rs 1,499 on its domes...

After SpiceJet, Indigo launches fire sale, tickets starting Rs 806

May 18, 2016 at 16:37 | Source: FirstPost

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: FirstPost

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: FirstPost

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: FirstPost

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...

Saluting bravehearts: IndiGo pilot shows the way on how to honour a war-hero

May 05, 2016 at 22:54 | Source: FirstPost

Public recognition to brave hearts in our armed forces are rare and hardly forthcoming. But Kargil hero Naik Deep Chand was in for a pleasant surprise when he took a flight recently.Former Indian Air Force fighter pilot Rajiv Tyagi shared on Facebook...

Air India posts profit first time in decade, but still not out of woods

May 04, 2016 at 07:48 | Source: FirstPost

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: FirstPost

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: FirstPost

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...

Kingfisher's faulty business model may be behind Vijay Mallya's woes: Arun Jaitley

Apr 16, 2016 at 12:54 | Source: FirstPost

Questioning the "business model" of long-grounded Kingfisher Airlines for Vijay Mallya's mounting woes, Finance Minister Arun Jaitley has said the airline sector as such is doing well in India with many carriers making good profits.Mallya, ...

Govt got shareholder pact in Jet-Etihad deal amended, why did it slacken in AirAsia's case?

Apr 15, 2016 at 18:21 | Source: FirstPost

Ever since AirAsia BhD teamed up with Indian investors to start an airline from scratch in 2013, the venture has been a target of frequent attacks from vested interests. India's airline industry is notorious for taking care of its own and hounding ou...

IndiGo, Reliance AMC among 22 others adjudged best Indian employers: Aon Hewitt

Apr 05, 2016 at 18:29 | Source: FirstPost

New Delhi: As many as 25 companies including IndiGo, Tata Communications and Reliance Asset Management Company (AMC) are among the best employers in India, according to a report by global HR consulting firm Aon Hewitt.The Aon Hewitt Best Employers st...

Srinagar-Delhi IndiGo aircraft taken into isolation, 10 flights grounded after bomb threat

Mar 23, 2016 at 19:22 | Source: FirstPost

A Srinagar-New Delhi IndiGo flight was taken to the isolation bay at New Delhis Indira Gandhi International Airport after landing, following a bomb threat, on Wednesday, reported DNA. The warning was received at the IndiGo call centre in Chennai.Acco...

10 IndiGo flights get bomb threat: Srinagar-Delhi aircraft detained and taken into isolation

Mar 23, 2016 at 17:37 | Source: FirstPost

A Srinagar-New Delhi IndiGo flight was taken to the isolation bay at New Delhis Indira Gandhi International Airport after landing, following a bomb threat, on Wednesday, reported DNA. The warning was received at the IndiGo call centre in Chennai.Acco...

Srinagar-New Delhi Indigo flight taken into isolation following bomb threat; airline receives 10 such threats

Mar 23, 2016 at 17:15 | Source: FirstPost

A Srinagar-New Delhi Indigo flight was taken to the isolation bay at New Delhis Indira Gandhi International Airport after landing, following a bomb threat, on Wednesday, reported DNA. The warning was received at the Indigo call centre in Chennai.Acco...

Air passenger traffic grew 24% in February to 74.76 lakh people

Mar 18, 2016 at 17:38 | Source: FirstPost

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...

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