Aviation Industry
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Meet Campbell Wilson: Air India's new CEO and MD is an aviation industry veteran
Fp Staff •Wilson, 50, has 26 years of aviation industry expertise across both full service and low-cost airlines
Air India returns to the Tatas; conglomerate bids Rs 18,000 crore for 100% shares
Fp Staff •The Department of Investment and Public Asset Management (DIPAM) secretary said Tatas' bid of Rs 18,000 crore comprises taking over of Rs 15,300 crore of debt and paying the rest in cash
Chidambaram slams Centre over state of economy, says telecom and aviation sectors on 'verge of collapse'
•The former finance minister's remark comes a day after telecom company Bharti Airtel posted a net loss of Rs 15,933 cr in the first quarter of FY 2020-21
Boeing says will need to borrow more money on coronavirus fallout; trying to get back 737 MAX jets into service
•Boeing is trying to bring its 737 MAX jet back into service after two fatal crashes, even as the aviation industry slumps because of the coronavirus, which has dried up demand for passenger air travel.
SpiceJet temporarily suspends most international flights till April-end amid coronavirus pandemic scare
•SpiceJet's Kolkata-Dhaka flight would continue to operate as per schedule.
Airlines expected to outlive COVID-19 pandemic scare with resized business; govt support vital to see through turbulence
Ajay Awtaney •Globally, airlines have focused on becoming bigger to ensure their customers don’t have to look elsewhere for their travel needs.
Fighting coronavirus: Airlines ask crew to avoid meat, shaking hands; airports install thermal cameras
Prince Mathews Thomas •Even as airlines around the world depend on the hardest disinfectants to clean their flights of any sign of the coronavirus or COVID-19, the aviation industry in India too has geared up to limit the damage from the epidemic
AirAsia CEO Tony Fernandes and chairman step aside as Airbus bribery allegations probed; airline shares drop
•Tony Fernandes, one of the aviation industry’s best known executives, and Kamarudin will remain advisers, however, “in view of the current difficult economic circumstances facing the airline industry”, the company added
After challenging year for aviation, improvement expected for 2020; global airline industry to produce net profit of $29.3 bn: IATA
•The highlights of the expected 2020 performance of the world airline industry include the return on the invested capital forecast to be 6 percent as compared to 5.7% expected in 2019.
Jet Airways failure a 'wake up call' for aviation industry; part of blame at doorstep of policymakers: SpiceJet chief Ajay Singh
•Low-cost carrier SpiceJet is expanding its operations and is set to take on lease 30 planes that were flown by Jet Airways