Capa

Long and ultra-long haul operations can be structurally profitable given the strong demand for non-stop connectivity, it said and added that higher pricing thresholds and stability are visible

CAPA India calls for a new long-term aviation policy

In a statement on Friday, the firm said the policy should plan for airport capacity that will last for a generation and beyond, must define an international air services strategy in line with India's national interests as well as restructuring of airspace design to provide capacity for up to 8-10x of the current traffic, among others.

SpiceJet hives off cargo and logistics business into separate entity  

The hive off would strengthen SpiceJet's balance sheet, wipe out a substantial portion of the airline's negative net worth and unlock significant value for SpiceJet and its shareholders.

AIESL divestment to be completed soon: Rajiv Bansal Aviation Secretary

Speaking at CAPA India Aviation Summit, Bansal said AIESL, which provides engineering services to Air India, has a healthy balance sheet.

Indian carriers to report $1.6-1.8 billion consolidated loss in FY24: CAPA

According to CAPA India's forecast for 2023-24, Indian airlines are estimated to have a net induction of 132 planes next fiscal and will take the total fleet of all carriers to around 816 aircraft.

Indian Airline to witness record yields, passenger traffic in summer 2023: SpiceJet CEO

"Over the next two quarters, SpiceJet's balance sheet will improve significantly. The fact that Indian airlines survived the pandemic without a bailout by the government is a testimony of the resilience of the aviation industry in the country," Ajay Singh claimed.

Indian airlines likely to place orders for up to 1,700 planes in next 1-2 years: CAPA

The total commercial Indian fleet of around 700 aircraft is smaller than some of the world's largest individual airlines, CAPA said, adding that given the immense potential that exists, it stands to reason that there is a need to induct more aircraft.

Aviation ministry seeks industry feedback to amend slot allocation guidelines

As part of the new proposal, airport slots will be reallocated every 'season' or every six months to airlines, departing from the current practice of reviewing it after a year.

More than 75 planes of Indian carriers grounded due to maintenance, engine issues: Report

As per the report, more than 75 aircraft are currently grounded, creating serious challenges against the backdrop of an already hostile cost environment and contributing to increased losses.

CAPA’s assessment of the Indian airline industry may be too pessimistic 

The industry has adapted to the changing times and the worst is behind it 

Indian airlines may post $4.1-billion consolidated loss this fiscal: CAPA

In a report, CAPA expects domestic passenger traffic to be around 80-95 million in 2021-22 as against 52.5 million in the previous financial year.

Coronavirus-hit aviation industry requires $5 billion capital infusion to stay afloat: CAPA

Aviation companies including in India are facing headwinds with many international airlines either going belly up or in administration for want of liquidity amid slump in air travel demand and continued curbs on visa and movement restrictions owing to the coronavirus pandemic.

Airlines decline refund to customers for cancelled tickets as lockdown extended

After PM Modi announced the extension of lockdown till May 3, aviation regulator DGCA issued a circular stating all international and domestic flights, will remain suspended during the lockdown.

Airlines selling tickets without clarity on lockdown period unfair to consumers: CAPA

While the government is yet to decide on lifting the lockdown, Indian airlines have started taking bookings for travel on domestic flights from April 15.

Govt's decision to sell 100% stake in Air India a 'bold reform': CAPA

"The Centre for Asia Pacific Aviation (CAPA) expects significant response (to Air India's stake sale) as the offer structured by the government is attractive," CAPA India chief Kapil Kaul told PTI.

Decoding Indian aviation: Sector needs immediate supply correction, feel experts

While DGCA reasoned that the slow pace was due to a "lean tourist period", sector watchers say it is a "self-inflicted" pain for the industry

Life of an Indian pilot: Extra hours, high EMIs and a fat salary that's often delayed

Despite a huge demand for them, pilots in India are in a sorry state. And that is not good news.

Current competition in Indian aviation industry is not in line with profitability: CAPA

The Centre for Asia Pacific Aviation (CAPA) in its outlook for Indian aviation market for the next fiscal also pointed out that a clear long-term strategy is not visible for some carriers.

Domestic airlines may post higher losses at $1.65-1.90 billion : CAPA

Full service carriers are critically placed and could lose $1.75-2 billion in the current fiscal largely because of their uncompetitive cost base on domestic operations and a lack of profitability on international routes, it said.

CAPA fears Air India could close down if not divested

It said that unless the bidders were confident that they would be "ring-fenced" from possible political risks, there could be a risk of possible non-participation by interested parties at the 'request for proposal (RFP)' stage.

Government keeps four units out of Air India divestment

The four units, which include Alliance Air, ground handling and MRO subsidiaries, are expected to be hived off and possibly sold by December

Alkem Labs gets EIR from USFDA for Ankaleshwar plant

Drug firm Alkem Laboratories today said it has received establishment inspection report (EIR) from the US health regulator on the closure of its inspection at its API facility at Ankaleshwar in Gujarat.

Delhi slashes jet fuel tax to 1% for regional connectivity

Analysts believe an overall 10-15 percent cuts in costs is likely for all take-offs from Delhi. This may be followed by similar news in Mumbai and Chennai.

Alkem Labs shares rise 2% on EIR from USFDA for Daman plant

Alkem Laboratories shares gained 2 percent intraday Friday after the company received establishment inspection report from the US health regulator for its Daman formulation facility.

Dr Reddy's board approves share buyback for Rs 1,569.4 cr

The share buyback offer comes at a time when the drug maker is facing heat from the US Food and Drug Administration (USFDA) for manufacturing norm violations at three of its plants.