Airlines / Aviation
Bringing down airfares on new minister Ram Mohan Naidu's radar
Aviation is a deregulated sector and airlines fix fares based on supply and demand, as well as seasonality. Last month, the Delhi High Court refused to give guidance to cap airfares saying that aviation is a capital-intensive sector. "Regulated free play given to the airlines to implement dynamic pricing of the fares for each flight appears to be in conformity with the norms followed worldwide," the court said in its ruling.
NCLT to hear insolvency plea filed by Engine Lease Finance against SpiceJet on August 2
The National Company Law Tribunal (NCLT) has sent a notice to SpiceJet following an insolvency plea initiated by Engine Lease Finance BV, an aircraft engine lessor involved with the financially troubled airline.
Flight ticket prices down soon? Aviation minister's promise; Why are they so costly?
Telugu Desam Party MP Kinjarapu Rammohan Naidu on Thursday assumed the charge of Civil Aviation Minister. The 36-year-old three-time MP is the youngest Cabinet Minister in the Modi 3.0 government. On a question related to high air ticket prices, the minister said, "I am going to hold review meetings. Definitely, my intention would be to bring down the (ticket) prices because that is a challenge for the common man. Our intention is to take air travel to the common man, unless you make it affordable, it is not going to happen," the minister said".
IndiGo to operate direct flights from Durgapur to Bhubaneswar, Bagdogra, Guwahati
Vinay Malhotra, head of global sales at IndiGo, said, "We are pleased to announce new routes connecting Durgapur with Bhubaneswar, Bagdogra, and Guwahati. With these direct flights, we aim to provide our customers with further seamless connectivity."
TDP's Ram Mohan Naidu takes charge as Civil Aviation Minister, vows to bring down airfares
Telugu Desam Party leader Ram Mohan Naidu officially took charge as the Minister of Civil Aviation on Thursday. He took charge alongside his Minister of State (MoS), Murlidhar Mohol. BJP's Jyotiradiya Scindia was the previous aviation minister. At 36, three-time Lok Sabha MP from Andhra Pradesh's Srikakulam is the youngest minister in the Modi 3.0 cabinet. On bringing down airfares, the Civil Aviation Minister said, "It is an important issue. My whole intention is to ensure that air travel is accessible to the common man. To make this a reality, the prices have to be affordable. My priority would be to bring down the prices (airfares)."
Want to make airways the new railways, says Civil Aviation Minister Ram Mohan Naidu
Union Minister of Civil Aviation, Kinjarapu Ram Mohan Naidu, aims to make air travel affordable to the common man by addressing airfare fluctuations. The steps to be taken to achieve this will be taken by the ministry. Despite the UDAAN scheme and market growth, external factors like Covid have impacted airfares. Discussions to reduce prices are forthcoming, prompted by concerns over high fares during peak seasons and the need for better price regulation in the rapidly growing aviation market.
NCLT gives fourth extension of 60 days to Go First to complete insolvency
NCLT grants Go First a 60-day extension for completing the Corporate Insolvency Resolution Process (CIRP), marking the fourth extension amid struggles to find a buyer.
SpiceJet discontinues Hyderabad-Ayodhya direct flight
The Maharishi Valmiki International Airport in Ayodhya was inaugurated by Prime Minister Narendra Modi on December 30. Significantly, SpiceJet had operated a special flight to Ayodhya from the national capital on January 21 for flying people attending the consecration ceremony at the Ram temple.
Go First granted 60-day extension by NCLT to complete insolvency proceedings
Bankrupt airline Go First has been granted an additional 60 days by the National Company Law Tribunal (NCLT) to conclude its insolvency proceedings, extending the deadline to June 3, 2024. The NCLT initially accepted Go First's plea for voluntary insolvency on May 10, 2023, following its suspension of operations on May 3, 2023
A big decision for Boeing's next CEO: Is it time for a new plane?
Boeing raced to update the 737 Max to compete with Airbus but faced fatal crashes. The jet's troubles left Boeing behind Airbus in the single-aisle market, impacting its global dominance.
Mumbai airport enhances passenger processing capacity, to deploy AI-enabled cameras
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AI Express union flags concerns over charge sheet to cabin crew; says move unfortunate
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