FLEET IN MARCH
FLY91 to set up multiple bases; eyes upcoming Noida, Navi Mumbai airports
FLY91, a regional airline based in Goa, is planning to expand its operations by making the upcoming Noida and Navi Mumbai airports its bases. Currently operating with two planes, the airline started operations in March and flies to seven destinations. By the end of this year, FLY91 aims to have six aircraft. It plans to have five bases and connect 50 destinations in the next five years, with a fleet of 70-seater ATR 72-600 aircraft. The airline has raised USD 25 million and aims to break even in the latter half of the next financial year.
Domestic air traffic likely to touch 164 million in FY25
India's domestic air traffic is projected to increase by 6-8 per cent to 161-164 million this financial year, while international air traffic is expected to rise by 9-11 per cent to 75-78 million by March 2025. Domestic carriers are facing consolidated losses of $0.4-0.6 billion due to capacity shortages from around 130 grounded aircraft. This is excluding the profitable Indigo. The number of grounded aircrafts is expected to increase to 180, including those of Go First. Net inductions of 84 aircraft are anticipated, bringing the total domestic fleet to 812 by March 2025.
Adani One superapp clocked gross sales of Rs 750 crore in FY24
According to the 2023-24 annual report of the Ahmedabad-based conglomerate's flagship company Adani Enterprises, the user base of the superapp grew to 30 million at the end of the financial year. The company aims to expand the superapp's customer base to 400 million by 2030. Adani group is also in discussions with Paytm for potentially acquiring a stake in the fintech firm.
EV ride-hailer BluSmart seeks $300 million to expand car fleet
BluSmart, India’s top electric cab operator, aims to raise $300 million to expand its fleet with cars from top manufacturers, targeting major cities for premium service. The company focuses on electrification and sustainability efforts in India, with plans to double revenue by 2025.
Uber gets nod to run bus service in Delhi
Uber has received a licence from the Delhi transport department to run its bus services. This is under the Delhi government's app-based premium bus aggregator scheme notified last November which aims to encourage the upper middle class to switch to public transport. Other than India, Uber operates its shuttle product in Egypt.
China's third aircraft carrier heads to sea for the first time
China's third aircraft carrier, Fujian, showcases advanced technology with catapults for aircraft, aiming for a fleet of six carriers for operational maturity. Collin Koh highlights the strategic plan for China's carrier fleet expansion, emphasizing the significance of Type 003 carriers.
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Qantas to operate daily flights between Bengaluru and Sydney from December to March next year
Qantas' flights from India are operated with its fleet of Airbus A330 aircraft with 27 Business Class suites in 1- 2-1 configuration, with each suite featuring direct aisle access and converting into a lie-flat bed. All Qantas international fares include checked baggage allowance, food and beverages and in-flight entertainment as standard with every booking.
Zoomcar eyes onboarding 20,000 cars by end of FY25
Zoomcar, a car sharing platform, is set to expand its fleet by over 5000 cars by the end of FY24 and 20,000 cars by FY25. The expansion aims to meet the growing demand for self-drive car rentals, promote economic stability, and foster entrepreneurial spirit in communities. Zoomcar has partnered with industry leaders like Cars24, ACKO Drive, Spinny, and Droom to make car sharing more accessible and cost-effective. With over 10 million verified guests, hosts can earn up to Rs. 7 lakhs per year on average.
Zomato launches 'large order fleet' for groups catering
Zomato's innovative large order fleet, focusing on customer experience and growth, introduces new features like cooling compartments and multi-cart ordering. Revenue shows significant year-on-year growth in the food delivery sector.
We aim to reach every pin code in India by March 2025: Abhishek Bansal, Shadowfax
The Indian logistics sector is on a growth trajectory, driven by burgeoning ecommerce market and technology driven transformation. Shadowfax wants to capitalise on that.
Uber promotes APAC head Parameswaran to global role
Parameswaran would head business development for Uber, its enterprise product, and new ‘fleets’ team
Regional airline FLY91 to start commercial flights from March 18
FLY91, a regional airline based in Goa, is set to commence commercial services on March 18, connecting Goa to Bengaluru and Hyderabad. The carrier, equipped with two aircraft in its current fleet, aims to expand its operations by adding flights to Sindhudurg from Bengaluru and Hyderabad and plans to introduce Lakshadweep services in April.
PM Narendra Modi to inaugurate 15 airport projects on March 10, including Delhi's new terminal
Prime Minister Narendra Modi will inaugurate 15 airport projects, including in Delhi, Lucknow, and Pune airports. The projects also include new airports in Uttar Pradesh at Chitrakoot, Shavasti, Azamgarh, and new terminals at Belgaum, Hubli in Karnataka, Jabalpur, and Gwalior in Madhya Pradesh.
Air India: You may soon get more Air India Express flights to choose from
Air India Express plans to operate 40% more flights next fiscal year, focusing on fleet expansion and consolidation of domestic routes. It also aims to expand its flight operations to Nepal, Bangladesh, and Sri Lanka.
Indian Navy to carry out major twin aircraft carrier operations off west coast in March
The Indian Navy is going to carry out major operations involving the fleets of both of its aircraft carriers off the west coast in the next ten days, Admiral R Hari Kumar said on Sunday.
Akasa Air to fly beyond Indian boundaries; announces international operations from March-end
Akasa Air, a 19-month-old Indian airline, to begin international operations from next month. It will launch four weekly non-stop flights connecting Mumbai and Doha starting March 28, 2024, joining major rivals IndiGo and Air India.
Vistara inducts 50th Airbus A320 neo plane in its fleet
Vistara had in January this year said it was looking at a fleet of 70 planes by mid-2024. "In line with the focus to expand its domestic and international footprint, Vistara is on course to have 70 aircraft by the end of FY2024, thereby providing better connectivity and a wider network to its customers," the airline said in a statement.
Defence ministry to discuss India's biggest ever fighter aircraft projects worth Rs 1.3 lakh crore
The Defence Ministry is scheduled to take up two of India's biggest-ever fighter aircraft projects worth Rs 1.3 lakh crore for discussion in a crucial meeting this week including buying 97 new LCA Mark 1A fighter aircraft and indigenously upgrading 84 Su-30 MKI combat planes.
India's maiden A350 aircraft takes ferry flight, to join Air India fleet soon
Air India flew its first ferry flight of the A350-900 plane with a new look, showing a big change for the airline. They shared a picture of the plane's journey from Singapore to Toulouse, and it is due for delivery in December 2023 after some final work.
Govt identifies high fleet emission levels in major car makers; stiff penalties recommended
The Indian government has identified elevated fleet emission levels in leading car manufacturers, including Hyundai, Kia, Honda Cars, Renault, Skoda Auto, Volkswagen India, and Nissan, exceeding prescribed standards. The Bureau of Energy Efficiency (BEE) is recommending hefty penalties for violations, urging carmakers to shift toward greener and less-polluting vehicles.
80 IndiGo aircraft will be grounded between January-March
IndiGo, India's largest airline, anticipates grounding around 80 of its aircraft between January and March next year due to ongoing issues with Pratt & Whitney engines used in Airbus A320 and A321 aircraft. This issue will be in addition to the 45 planes already grounded by the airline.
By March 2024. BluSmart fleet will almost double to 9,000 cars: CEO
"We are a growing company. A growing company needs funds continuously and we are right now not in a tearing hurry to raise any kind of funds. With God's grace, we have sufficient bank balances to sustain us for a few years. We are evaluating a few opportunities. There are a few funds which have approached us. We have approached a few funds."
Rockstud Capital announces partial exit from Uber-backed Everest Fleet
The development comes a day after another early investor of Everest Fleet, Artha Venture Fund, announced a partial exit from the Uber-backed firm for $2 million (around Rs 16.5 crore).
IAF enhances fleet with new Dornier Do-228 aircraft from HAL
The Indian Air Force (IAF) has received the first of six new Dornier Do-228 aircraft from Hindustan Aeronautics Limited (HAL). The upgraded aircraft features new engines, advanced avionics, and a modern glass cockpit. The versatile aircraft is well-suited for short-haul operations and can be used for various purposes, including utility transport and maritime surveillance. This addition will enhance the IAF's operational capability, particularly in remote areas.
After 11 years, Italian patrol vessel calls at Mumbai port
In 2021, the Supreme Court closed the criminal proceedings that were initiated in India against two Italian marines accused of killing two fishermen off the Kerala coast in February 2012, after '10 crore in compensation was paid by Italy to the heirs of the deceased and the boat owner.
One third of wide body fleet to have modern seats, inflight entertainment systems by March next year: Air India
Air India is planning to equip a third of its wide-body fleet with modern seats and inflight entertainment systems by March 2024, as part of its ongoing transformation plan. CEO and MD Campbell Wilson announced the updates in his weekly message to staff. The airline will phase the upgrades, beginning with six A350s this financial year, and continuing to refit the rest of its wide-body fleet over the next few years at a cost of $400m.
Army grounds ALH fleet for safety checks
The Indian Air Force however confirmed that it is still operating its fleet of ALHs, following safety checks that are being done in batches. The Navy is still undertaking safety checks on the fleet. The cause of the crash is not immediately known and a court of inquiry has been ordered to get into details of the technical fault suffered by the aircraft.
India's missile frigate INS Sahyadri participates in maritime exercise with French Navy
The French Navy deployed Mistral class amphibious assault ship FS Dixmude and La Fayette class frigate FS La Fayette in the exercise. "The seamless conduct of the exercise reaffirmed the interoperability and high level of cooperation between the two navies," the Indian Navy said in a brief statement.
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