Tag: Aviation Industry
9 Results
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High fuel prices, depreciation of rupee to hamper margins in aviation sector
Even as the recovery in the aviation sector has been highly impressive with stable traffic at around 90 per cent of pre-Covid levels, Brokerage firm Prabhdas Lilladhar has said the domestic passenger traffic is likely to decline nearly 8-9 per cent QoQ, led by the seasonal nature of Indian aviation industry.
October 6, 2022 -
India resumes international flights, 60 flights from 40 countries allowed
India has resumed international flights today after two years. The government has taken this decision after a successful vaccination drive and drop in the corona cases across the world, especially in India.
March 27, 2022 -
Domestic aviation sector will ‘crash-land’ with Rs 25,000 cr revenue loss due to covid-19 lockdown, warns CRISIL
As per CRISIL’s estimates, Airlines will incur majority of the total loss i.e. more than 70% or around Rs 17,000 crore in 2020-21.
May 7, 2020 -
SpiceJet to only pay cargo flight pilots for hours-flown; no salaries for April, May
The aviation consultancy firm CAPA, in its note in March had said, 'by the end of May-2020, most airlines in the world will be bankrupt. Coordinated government and industry action is needed – now – if catastrophe is to be avoided.'
April 29, 2020 -
British Airways to slash upto 12,000 jobs as pandemic hits aviation industry
Across the world, airlines have zero to minimal operations in the wake of the coronavirus outbreak which has infected over 3.1 million people across the world.
April 29, 2020 -
UP to woo industry ‘disenchanted’ with China, plans to discuss matter with embassies of different countries
Chief Minister (CM) Yogi Adityanath on Thursday, asked his ministers and senior officials to make all-out efforts to take advantage of this opportunity and to discuss the matter with the embassies of different countries, said officials.
April 17, 2020 -
IndiGo posts Rs 652 crore quarterly loss due to high fuel costs, rupee depreciation
IndiGo, the country's largest airline with over 40 per cent market share, had a profit of Rs 551.6 crore in the year-ago period.
October 24, 2018 -
Flop Show in the sky
India’s first “air show” was held as a private venture in December 1993 at the “old airport”, south of Bangalore. It was organised by an inexperienced entity and it turned out to be a “flop air show”. There was chaos and confusion in the arena; the organisers were helpless. Lessons, however, were quickly learnt. The...
April 2, 2018 -
No GST on import of aircraft, its parts on lease
The government has exempted the import of aircraft, aircraft engines and its parts procured on lease from the purview of the Goods and Services Tax (GST). The aviation industry had been asking for relief as it was facing a dual levy of 5 per cent at the time of import and another 5 per cent...
July 10, 2017