AVIATION MARKET
Aviation market big enough for Akasa Air to succeed, says CEO Vinay Dube
As Akasa Air expands domestically and internationally, CEO Vinay Dube focuses on service excellence and cost leadership, rather than competition. With a fleet of 24 Boeing 737 MAX planes and over 900 weekly flights, the airline aims for profitability while planning further growth. Ancillary services and pilot satisfaction remain key priorities.
ET Graphics: India’s domestic aviation market is now third largest globally
India has recently overtaken Brazil and Indonesia to claim the position of the third largest domestic aviation market, as reported by aviation data analytics firm OAG. IndiGo and Air India, collectively holding orders for more than 1,000 aircraft, dominate the market by securing nine out of every ten domestic seats in India. At present, the United States and China maintain their positions as the top two aviation markets globally.
Thyssenkrupp India lines up sustainable aviation fuel foray
Thyssenkrupp Industries India, whose majority shares were recently sold by its German parent company, is set to enter the sustainable aviation fuel (SAF) sector as part of its new business strategy under Indian ownership. Vivek Bhatia, the managing director, informed ET that the capital goods company is currently in the process of finalizing partnerships for its SAF initiative. SAF is an eco-friendly aviation fuel derived from non-petroleum sources, such as forestry and agricultural waste, used cooking oil, carbon captured from the atmosphere, and green hydrogen.
Indian airports need to review their pricing strategies: CAPA India
Indian airports can increase profitability by increasing non-aeronautical revenues, according to aviation consultancy firm CAPA India. The consultancy found that airports on Public Private Partnership (PPP) mode generate more non-aero revenues than those operated by the Airports Authority of India (AAI). The consultancy suggested that Indian airports need to review their pricing strategies and consider whether aero charges reflect demand on resources.
ET Graphics: Domestic flyer traffic growth in the slow lane
Domestic air traffic increased by 4.4% in May, with airlines carrying 13.8 million passengers compared to 13.2 million in May 2023, and 723 passenger complaints were recorded.
IndiGo to receive compensation from Pratt & Whitney for grounded aircraft
IndiGo's parent company, InterGlobe Aviation, has announced that it will receive a "customised" compensation from Pratt & Whitney's affiliate firm International Aero Engine for grounded aircraft. The company has amended an existing agreement with IAE to provide IndiGo with a customized compensation for the ongoing situation of grounded aircraft due to engine unavailability.
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.
IndiGo bets on affordable long-haul plan: CEO Pieter Elbers
IndiGo, known for its single-class model, is shifting to dual-class to cater to India's growing air travel market. With rising affluence, more Indians are exploring international travel, a trend IndiGo aims to capitalize on. Managing operations at Delhi airport's three terminals is challenging but supported by the government's vision for aviation. Hosting IATA's AGM in 2025 showcases India's aviation potential. IndiGo's strategy reflects its belief in India's growth, aiming to offer affordable fares and quality service to a broader range of travelers.
India's aviation mkt growth needs to be matched with capacity; open for partnerships: Emirates CCO
On whether Emirates is looking for partners in India, Kazim said it is open to any such future engagements if there is an appetite in an Indian airline for that sort of dialogue and engagement.
India a big aviation market; good to have stronger Lufthansa-Air India partnership: Star Alliance CEO
CEO Theo Panagiotoulias highlights the importance of a strong partnership between Air India and Lufthansa within the Star Alliance to offer a unique value proposition for passengers in the Indian aviation market.
Government's protectionist move divides aviation industry
India's aviation industry is divided over the policy to freeze flying rights to Middle East nations, with Air India CEO Campbell Wilson advocating for limiting market access for foreign carriers.
Delhi to host global aviation body’s showpiece event next year
New Delhi to host 81st IATA AGM with IndiGo's Pieter Elbers as chair, highlighting India's aviation growth. IATA projects India as third-largest aviation market by 2026. Civil Aviation minister Jyotiraditya Scindia praises sector's growth with record passenger count and enhanced regional connectivity
India has significant potential for producing sustainable aviation fuel, says IATA
IATA highlights India's potential for Sustainable Aviation Fuel production to reduce carbon emissions. The organization plans to launch the SAF Registry in 2025, supported by various stakeholders like Hemant Mistry.
Malaysia Airlines bets big on Indian non-metro cities
Malaysia Airlines is facing challenges in expanding its operations in India due to a shortage of flying rights. The airline has exhausted its rights to Indian metros and is now planning to increase frequency from Amritsar to seven flights per week from August. The airline has also started flights from Trivandrum and Ahmedabad.
Italy's Leonardo bets big on Indian helicopter market, leaving behind AugustaWestland chopper bribery scandal
The Italian helicopter major, earlier known as Finmeccanica, expects to sell up to 30 helicopters in the next three years, Harinder Commar, partner at Universal Vulcan Aviation, told ET in an interview. Partially owned by the Italian government, Leonardo SpA has appointed Vulcan Aviation as its distributor for the Indian market.
Reliance-BP and Shell-MRPL jet fuel sales take wing in April
Reliance-BP and Shell-MRPL, the two private sector joint ventures, have made extraordinary gains in a year, taking their combined market share in the ATF market to 10.3% in April from 6.3% in the same month last year, according to industry data.
Business class coming soon: IndiGo to launch 'tailor-made' product for busiest routes
IndiGo, operated by Interglobe Aviation, announced plans to launch a new customized business product for India's busiest routes by the end of the year. CEO Pieter Elbers highlighted the company's commitment to innovation, aiming to provide more travel options as India's economy grows. The airline saw a 13% increase in domestic passengers, while competitors experienced a 6% decline.
Domestic air traffic rises to 1.32 crore in April
As many as 1,370 passengers were affected due to denied boarding, with airlines spending Rs 136.23 lakh towards compensation and facilities in this regard, as per the Directorate General of Civil Aviation (DGCA) data. The data showed there were a total of 32,314 flight cancellations in April and airlines spent Rs 89.26 lakh towards compensation and facilities.
AI-Vistara merger will strengthen presence in India: Singapore Airlines
The Singapore Airlines Group announced that the proposed merger between Air India and Vistara will strengthen its multi-hub strategy and enable continued participation in India's growing aviation market. Upon completion, SIA will hold a 25.1% stake in an expanded Air India Group. The SIA group reported a 24% rise in net profit for FY 2023-24 due to strong air travel demand. Vistara and Air India have begun integrating their frequent flyer programs, with Club Vistara merging into Air India's Flying Returns.
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