GLOBAL AIRLINES
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.
GST clarification to make Indian MRO industry competitive
The GST Council's recent decision to implement a uniform 5% tax rate on imports of aircraft parts and components is set to benefit India's aircraft maintenance and repair industry. This move aims to resolve customs classification ambiguities that previously hindered the industry's growth.
Bon Voyage! Airlines give wings to your holiday plans
Indian carriers like MakeMyTrip, IndiGo, and Cleartrip have added direct flights to various destinations, leading to a significant increase in outbound tourist numbers from India.
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 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.
IATA boss warns foreign airlines may quit India if taxation issues are not sorted
The chief of the International Air Transport Association (IATA), Wille Walsh, warned that airlines may withdraw from the Indian market if concerns over taxation are not addressed. Several global airline groups including Emirates, British Airways, Lufthansa, Singapore Airlines, and others have received tax evasion notices from the Directorate General of GST Intelligence (DGGI). The notices were related to non-payment of tax on services provided by the airlines to their Indian entities.
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
Airlines eye 'new frontier' of AI ahead of global summit
Airlines may not be replacing pilots with artificial intelligence anytime soon, but aviation industry experts say the new technology is already revolutionising the way they do business. AI is "undoubtedly a new frontier, in that it's an extraordinary acceleration of technology and capabilities," said Geoffrey Weston, the head consultant on the airline industry at US-based firm Bain & Company.
Emirates boss says Boeing needs strong CEO to end crisis
Boeing is looking for a new CEO after announcing that Dave Calhoun would step down by the end of the year following back-to-back crises exacerbated by the blowout of a loose door plug on an Alaska Airlines 737 MAX 9 jet in January.
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.
Air Turbulence! IndiGo and Air India Express tackle rising threats amid climate change concerns
The rise in clear air turbulence, likely due to climate change, has led to increased incidents impacting airline passengers worldwide. Recent events, including a fatal case on a Singapore Airlines flight, have prompted airlines like Air India Express and IndiGo to enhance safety measures and pilot training to address this growing concern.
DGCA show cause Air India as Tatas struggle to revamp airline
The aviation regulator mentioned the inordinate delay of two international flights—AI 183 from Delhi to San Francisco on May 30 and AI 179 from Mumbai to San Francisco on May 24.
InterGlobe Aviation shares rally 3% after doubling Q4 profit. Brokerages increase target price up to Rs 5,192
InterGlobe Aviation, the parent company of IndiGo Airlines, witnessed a significant uptick in its stock price on Friday, with shares climbing almost 3% on the BSE to reach a new 52-week high of Rs 4,520. This surge followed a more than doubling of the company's Profit After Tax (PAT) to Rs 1,895 crore in the fourth quarter.
Boeing CFO says second-quarter deliveries won't increase from the first quarter
Boeing CFO Brian West mentioned that commercial jet deliveries will not increase in the second quarter due to production quality issues. He also discussed delays in jet deliveries to China related to a regulatory review of batteries for the cockpit voice recorder.
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.
What is in-flight turbulence, and when does it become dangerous for passengers and crew?
A British man's death and numerous injuries on a Singapore Airlines flight due to severe turbulence highlight the dangers of unstable air. While turbulence-related fatalities are rare, injuries are more common, especially among flight attendants. Clear-air turbulence, often near jet streams, is particularly dangerous as it occurs with no visible warning. Climate change may increase turbulence, but airlines have safety measures in place. Experts advise passengers to wear seat belts, the best defense against turbulence-related injuries.
Baggage arrival time improves at six airports
The Ministry of Civil Aviation on Tuesday said when the exercise was started on January 14, only 62.2% of the passengers were getting their baggage within IATA-prescribed timelines.
India to be power house for future airline growth on travel eagerness, growing population: Report
India is expected to be a power house for future airline growth driven by the eagerness of people to travel and growing population, according to a report. In a report, the Netherlands-based ING Bank NV said India is set to deliver strong structural growth figures, and airlines are preparing for this with historically large orders for new aircraft from carriers Indigo and Air India.
AI-Vistara merger: Fitment of over 7,000 staff to be complete in June
Air India CEO and MD Campbell Wilson along with Vistara CEO Vinod Kannan on Monday held a one-and-a-half-hour long townhall meeting with the employees of both carriers about the proposed merger.
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