Aviation Sector

IndiGo picks six banks for IPO of up to $400 million: Sources

IndiGo picks six banks for IPO of up to $400 million: SourcesBudget airline IndiGo has picked six lead managers for its initial public offering, which could be worth up to $400 million, three people involved in the deal said.

The carrier will be listed in Mumbai early next year depending on market conditions, said the sources, who declined to be named as the process is not public yet.

Cathay Pacific declared world's best airline

Cathay-PacificWashington, July 16 : Cathay Pacific has been titled the world's best carrier at the Farnborough International Airshow.

According to the CNN, the Hong Kong-based firm claimed the prestigious position on Tuesday after defeating Emirates, last year's winner. The victory is a first for the airline since 2009.

CNN's Jim Boulden felicitated a delegate from Cathay Pacific at the ceremony, the report added.

Air India flight makes emergency landing at Newark Airport following engine glitch

Air-IndiaNew York, July 15 : An Air India flight, bound for Mumbai, was forced to return to New Jersey and make an emergency landing at Newark Liberty International Airport after its engine was reported to have caught fire.

Officials earlier said that a bird could have been the reason behind the fire, but on further investigation, it was proved to be incorrect.

After take off from New Jersey, the pilot reported flames coming out of the engine from the left side of the aircraft. The plane had to return to the airport half an hour after takeoff.

IndiGo to add 12 new domestic flights

IndiGo to add 12 new domestic flightsMumbai: No-frills airline IndiGo on Monday said it will add 12 new flights in its domestic network, that include a second daily non-stop flight between Mumbai and Indore and a fourth daily non-stop flight between Delhi and Pune.

Of these, four services will be operational from tomorrow while the remaining eight flights are scheduled to take off next month, IndiGo said in a release here.

The Gurgaon-based carrier will be operating 516 daily flights, connecting 36 domestic and overseas destinations with a fleet of 79 aircraft.

AI restructured operations to Dammam since 2012: Govt

Air-IndiaNew Delhi: Air India withdrew and restructured several domestic and international flights, including those to and from Dammam, Toronto and Sharjah, since 2012 as it was not able to recover fuel and other variable costs on these routes.

Since 2012, the national carrier has restructured operations to Dammam and launched daily frequencies from Delhi which enabled the airline "to reduce its losses to a very large extent", Minister of State for Civil Aviation G M Siddeshwara said in the Lok Sabha.

Air India formally becomes 27th member of Star Alliance

Air-IndiaNew Delhi: Air India on Friday formally became the 27th member of Star Alliance, opening up its domestic network in the fifth largest aviation market to the global airlines grouping's passengers the world over.

Air India would add about 400 daily flights and over 40 new destinations in India to the 27-member Alliance network of over 18,500 daily flights to 1,316 airports in 195 countries.

With Air India joining it, the Alliance's market share in India grows to 30 percent, posing a challenge especially to Gulf carriers in particular which take away a considerable number of Indian passengers to Europe and North America.

Air NZ pulls out `sexist` flight safety video featuring Sports Illustrated supermodels

Air-New-ZealandMelbourne, July 7 : Air New Zealand has pulled their latest in-flight safety video due to an online backlash that featured Sports Illustrated supermodels sharing the airline's safety messages.

The video, entitled 'Safety in Paradise', features Australia's Jessica Gomes along with Christie Brinkley, Chrissy Teigen, Hannah Davis and Ariel Meredith running through the routine aeroplane safety pointers while looking glamorous in their bikinis on the shores of the Cook Islands, News. com. au reported.

AAI to set up new facilities at Mangalore airport by Nov

AAI to set up new facilities at Mangalore airport by NovMangalore: The Airports Authority of India (AAI) will provide all air traffic services at Mangalore International Airport from a new building from November this year, airport Director J T Radhakrishna said today.

The new air traffic services complex includes a new air traffic control (ATC) tower built at an estimated cost of Rs. 20 crore, he said in a release here.

Air India to add another Dreamliner on Singapore route

Air India to add another Dreamliner on Singapore routeSingapore - Celebrating its 60th year of flying to Singapore, Air India is adding another Boeing 787 'Dreamliner' aircraft on its Singapore-Chennai-Mumbai sector from next month.

"The Indian national carrier has seen a big increase in passengers on its latest aircraft from Singapore to India," Country Manager Nirbhik Narang told PTI Friday.

"In June, we had more than 90 per cent passengers on our daily flights from Singapore to India," said Narang, underlining the increase in travellers flying by Air India.

SpiceJet adds new flights on three routes

Mumbai:SpiceJet Budget carrier SpiceJet on Tuesday added new flights on its Hyderabad-Delhi, Coimbatore-Hyderabad and Bangalore-Delhi sectors with an introductory fare of Rs 2,998-3,999 to cater to seasonal demand.

The airline launched a new daily flight on the Delhi-Hyderabad sector for a limited period, keeping in mind the seasonal demand, a release said here.

The introductory fare on this flight starts at Rs 3,999 all inclusive, it said, adding that with this, the airline will operate five daily flights on the sector.

Air India joins Star Alliance

Air-India-Star-AllianceNew Delhi, June 24 : Air India on Tuesday joined the Star Alliance, which might help the airline to increase its revenue by 4-5 percent.

Minister for Civil Aviation, Ashok Gajapathi Raju Pusapati, while announcing Air India's inclusion into Star Alliance, said that Air India will get benefit out of this association as a wider reach and access to existing facilities for the members of the world's biggest grouping of airlines would now be available to the passengers of Air India also.

Seeking anti-trust immunity in Singapore for Jet deal: Etihad

Etihad-AirwaysMumbai: Gulf carrier Etihad Airways, which is under scrutiny from Singapore's fair trade watchdog on its 24 percent stake purchase in the Naresh Goyal-promoted Jet Airways, on Friday said it has already applied for anti-trust immunity in various jurisdictions, including in Singapore.

Etihad's clarification comes a day after media reports said the Competition Commission of Singapore had begun a scrutiny of the deal to probe any possible violation of its competition law.

Domestic air traffic increases 3% in Jan-May

air-trafficNew Delhi: India's domestic air traffic between January and May was almost three percent higher than the same period last year as IndiGo led the market share flying almost 32 percent of passengers last month.

All Indian carriers flew 60.22 lakh passengers in May compared to 57.10 lakh in April, while the January-May figure stood at 267.22 lakh as against 260 lakh in the same period last year recording a 2.78 percent growth, latest official air traffic data showed.

SpiceJet extends Rs 1,999 special monsoon fare offer pan-India

SpiceJet extends Rs 1,999 special monsoon fare offer pan-IndiaMumbai: Budget carrier SpiceJet on Tuesday extended its special monsoon fare offer with a starting ticket price of Rs 1,999 (all inclusive) pan-India, a day after the newly-launched AirAsia India announced Kochi as its third destination in the network at an all inclusive fare of Rs 500.

The offer is applicable to airline's all domestic destinations, including Mumbai, Delhi, Kolkata and Chennai, a company official said.

Spicejet's Srinagar-Bangalore flight undergoes anti-sabotage check in Chandigarh

Spicejet's Srinagar-Bangalore flight undergoes anti-sabotage check in Chandigarh Chandigarh - A Spicejet flight from Srinagar to Bangalore was on Monday subjected to an anti-sabotage check after an unidentified man, who was to travel to Delhi, deplaned here.

Chandigarh Airport Director M S Duhan told that the Spicejet flight 509 from Srinagar to Bangalore via Chandigarh and Delhi was held up at the local airport following a sabotage scare as one of the passengers who had boarded the flight in Srinagar and was to have deplaned in Delhi disembarked here.

Airbus deal: CBI examines former Civil Aviation secretary

Airbus dealNew Delhi: A former secretary in the Civil Aviation department has been examined by CBI as a witness in connection with alleged irregularities in the supply of 43 aircraft to the erstwhile Indian Airlines by Airbus.

CBI sources said that the former IAS officer was examined in connection with the deal with the French company as he was part of the process of finalising the contract.

The sources said that the agency had also examined senior officials of Indian Airlines and the civil aviation ministry who were part of the contract formulation and negotiation process with Airbus.

No-frill carriers reply to DGCA

No-frill carriers reply to DGCANew Delhi: IndiGo, SpiceJet and GoAir, which have been warned of stoppage of operations to airports with small runways after they were found flouting payload restrictions while flying to Jammu and Patna, today replied to the notices issued by aviation regulator DGCA.

AirAsia India set to begin operations from today

AirAsia India set to begin operations from todayMumbai: The domestic aviation space is all set to witness severe competition with the entry of AirAsia India, which starts operation from Thursday.

AirAsia India, the Indian arm of the Malaysian no-frills airline headed by Tony Fernandes, will become the fourth budget carrier in the country -- after IndiGo, SpiceJet and GoAir -- once its maiden flight takes off from Bangalore to Goa at 3:10 PM (IST) today.

Besides these, the Naresh-Goyal promoted full service airline Jet Airways also operates a low-cost service JetLite.

AirAsia India set to begin operations from today

AirAsia India set to begin operations from todayMumbai: The domestic aviation space is all set to witness severe competition with the entry of AirAsia India, which starts operation from Thursday.

AirAsia India, the Indian arm of the Malaysian no-frills airline headed by Tony Fernandes, will become the fourth budget carrier in the country -- after IndiGo, SpiceJet and GoAir -- once its maiden flight takes off from Bangalore to Goa at 3:10 PM (IST) today.

Besides these, the Naresh-Goyal promoted full service airline Jet Airways also operates a low-cost service JetLite.

Spicejet offers fares @ Rs 1,999 under 'Monsoon Sale' scheme

SpicejetMumbai: Kalanithi Maran-promoted budget carrier SpiceJet on Tuesday announced another round of discounts, offering flyers fares as low as Rs 1,999 under a 'Monsoon Sale' scheme.

The fresh round of discounted fares is applicable for three days starting today on all SpiceJet flights from eight cities in South India, the airline said in a release.

The cities are Bengaluru, Chennai, Coimbatore, Hyderabad, Kochi, Kozhikode, Mysore and Visakhapatnam.

Travel under this offer will be valid from July 11 to September 30, according to the release.




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