BUSINESS
Go First lessors request to deregister and export 13 more A320 aircraft, DGCA official says
In all, the lessors have so far requested to deregister and export 33 A320 operated by Go First, the official added.
BUSINESS
Wait gets longer for Go First flyers as refunds hinge on fresh fund-raising
Those who booked through travel agents and online service providers will get precedence over those who bought their tickets on the airline’s website or app
BUSINESS
Lessors won't be able to repossess GoFirst aircraft if bankruptcy code kicks in
The lessors need to move carefully in this situation, and it is in their interest to let Go First go through the insolvency process and resolve the issues so that the aircraft can fly again, said aviation experts and lawyers.
BUSINESS
Airlines that went aground: A look back into India's aviation history of failures
NEPC Airlines, Damania Airways, Jet Airways, Kingfisher Airlines, Deccan Aviation, and Paramount Airways have one thing in common. These airlines and several others took off fast only to crash land or get bought out by others.
TRENDS
Present tense, future imperfect for employees as Go First heads for insolvency
Go First’s staff has to decide between staying with the airline or joining a rival at a lower salary in the absence of bargaining power
BUSINESS
MC Exclusive | Cash burn of Rs 200 crore a month leaves GoFirst broke: CEO
The CEO said that GoFirst needs at least 20 aircraft to return to service and break even on daily operations.
BUSINESS
MC Interview | Betting on collaborations, tourism around Goa for new airline: Fly91 CEO Manoj Chacko
The new airline’s aim is to tie up with larger airlines and fly passengers to underserved places in the neighbourhood of its base in Goa.
BUSINESS
Air India CEO Campbell Wilson says majority of pilots have accepted new contracts
Air India including Air India Express has around 3,000 pilots and close to 6,000 cabin crew on its payroll.
BUSINESS
Indian Railways plans to operate 600 trains daily to transport 75 MT of coal in June
Technology trials of the multiple wagon tipplers system are on by the national carrier. This has the potential to dramatically improve the supply chain of coal across the country.
BUSINESS
Tata-owned Air India to hold town hall meeting after legal notices by pilot unions over pay structure
The airline’s CEO Campbell Wilson, along with top executives, is expected to attend the town hall meeting on April 25 while Aix Connect, another Tata airline, held a similar meeting on April 22.
BUSINESS
Air India to slash flights to Oman, UAE and Qatar amid shortage of planes, crew
Following one round of VRS by Air India, the airline has been facing a crew crunch, especially pilots for Boeing 777 aircraft, and plane shortages for the last six months
BUSINESS
Urban Extension Road Project on track to be completed by mid-September
This is ahead of the earlier deadline of October this year. The Rs 7,716-crore, six-lane road project is seen as the third Ring Road that will decongest the current Ring Road and Delhi-Gurugram Expressway.
BUSINESS
Gateway Distriparks to spend Rs 180 crore on two inland container depots
The company is focussing more on inland container depots and less on container freight stations.
BUSINESS
Go First said not to have paid rentals for 10 planes to three lessors
The lessors have written to India’s aviation regulator about the payment delays and they could ask for deregistration of the aircraft as the next step.
BUSINESS
India needs more policies to promote welfare of LGBTQs, says Adam Harry, aspiring transgender pilot
The aspiring transgender pilot says is he willing to return to India to work as a pilot, but acknowledged the challenge of living life as a transgender man in the country.
BUSINESS
What do entry level pilots earn in India?
Moneycontrol spoke to 11 junior pilots, some working and others undergoing training with different airlines, to find out their average salary structure. Though a career as a pilot offers a wide variety of perks, apart from an attractive salary, it comes with its own challenges.
BUSINESS
Airlines are expanding but where are the pilots?
A combination of poor training infrastructure leading to talent shortage, stringent certification norms, and less-than-ideal working conditions is creating an air pocket in the industry
BUSINESS
Akasa Air sees no shortfall of pilots in India as it pursues expansion
The airline also plans to commence international flights within six hours of flight time from India with its narrow-body Boeing 737 MAX fleet by December.
BUSINESS
Noida airport runway may be ready by 2023-end: Officials
By December, the construction of the terminal building, the air traffic control (ATC) tower and other structures are also expected to be completed.
BUSINESS
Passengers booking tickets 3-4 weeks in advance, as in pre-COVID times: Vistara CEO Vinod Kannan
The team that created brand Vistara and ensured quality services will be needed to maintain them after the merger with Air India, Kannan said.
BUSINESS
IRB Infrastructure eyes 20% jump in order book in 2023-24
The current order book for IRB Infra stands at Rs 21,000 crore, including Rs 9,000 crore for engineering, procurement, and construction (EPC), and Rs 12,000 crore for operational and management (O&M) projects.
BUSINESS
Govt to fall short on FY23 target despite revving up highway construction during Jan-Feb
Collectively 8,064 km of national highways have been constructed in 2022-23 till February, which makes it nearly impossible for the government to meet its target of 12,000 km by the end of March.
BUSINESS
NHAI plans to award 1,000-1,500 km of projects under BOT model in 2023-24
In the current financial year, NHAI had initially planned to award 600-1,000 km highway stretches through the BOT model and managed to award projects of around 650 km, an NHAI official said.
BUSINESS
Only four firms submit bids for redevelopment of Mumbai's CSMT station
The likes of Tata Projects, JK Infra, ITD Cementation, Dineshchandra R Agrawal Infracon, Creative Group LLP and Assystem Stup that earlier bid for the project have dropped out.
