Aviation Sector

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Aviation Sector - Total results - 50
Air India to send some employees on compulsory leave without pay for up to five years
India

Air India to send some employees on compulsory leave without pay for up to five years

As per the order, a list will be drawn based on suitability, efficiency, competence and quality of performance as well the current health of the employee

Rahul Bhatia's InterGlobe Enterprises joins list of bidders for bankrupt airline Virgin Australia
Business

Rahul Bhatia's InterGlobe Enterprises joins list of bidders for bankrupt airline Virgin Australia

Virgin Australia is one of the first major airlines to seek bankruptcy protection in response to the pandemic

Oil prices fall 1% as persistent glut weighs on rates; demand plummets 30%, virus pandemic curtails movement
Business

Oil prices fall 1% as persistent glut weighs on rates; demand plummets 30%, virus pandemic curtails movement

The coronavirus pandemic has eroded global oil demand even as some governments began to ease lockdowns.

After flip-flops, IndiGo Airlines clarifies pay cut up to 25% for senior employees will be for entire 2020-21
Business

After flip-flops, IndiGo Airlines clarifies pay cut up to 25% for senior employees will be for entire 2020-21

IndiGo Airline had on Friday announced pay cut ranging between 5 and 25 percent, in addition to its leave-without-pay programme for May, June and July, for senior employees

Air Vistara asks senior employees to go on leave for 4 days for May, June; third month in a row by airline
Business

Air Vistara asks senior employees to go on leave for 4 days for May, June; third month in a row by airline

On 15 April, Vistara chief Leslie Thng announced that senior employees will be going on compulsory leave without pay for up to three days between 15-30 April as a measure to further conserve the airline's cash flow amid lockdown to combat the COVID-19 threat.

Mahindra Holidays to first reopen resorts near metro cities post-lockdown; will ensure guest experience is contactless, says CEO
Business

Mahindra Holidays to first reopen resorts near metro cities post-lockdown; will ensure guest experience is contactless, says CEO

The Mahindra Group firm has currently suspended operations at its resorts in compliance with the government directives.

Boeing says will need to borrow more money on coronavirus fallout; trying to get back 737 MAX jets into service
Business

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.

Airline industry braces for prolonged recovery from coronavirus crisis; half the world's airplanes in storage
Business

Airline industry braces for prolonged recovery from coronavirus crisis; half the world's airplanes in storage

Carriers including United Airlines Holdings Inc and Air New Zealand Ltd have warned they are likely to emerge from the coronavirus crisis smaller, and there are fears others may not survive.

Govt mulls up to Rs 12,000 cr rescue plan for aviation sector battered after coronavirus outbreak: Report
Business

Govt mulls up to Rs 12,000 cr rescue plan for aviation sector battered after coronavirus outbreak: Report

The Finance Ministry is considering a proposal that includes the temporary suspension of most taxes levied on the aviation sector, including a deferment of aviation fuel tax, said the sources, who have direct knowledge of the matter.

Airlines expected to outlive COVID-19 pandemic scare with resized business; govt support vital to see through turbulence
Business

Airlines expected to outlive COVID-19 pandemic scare with resized business; govt support vital to see through turbulence

Globally, airlines have focused on becoming bigger to ensure their customers don’t have to look elsewhere for their travel needs.

Domestic air passenger traffic may fall by up to 50% till at least June; seat factor likely to dip up to 60% over next 3 months: Report
Business

Domestic air passenger traffic may fall by up to 50% till at least June; seat factor likely to dip up to 60% over next 3 months: Report

With global travel bans due to the pandemic, many airlines across the world are staring at massive losses and fear going bust.

Boeing 737 MAX fallout: EASA tightens safety norms for A320neos to avert similar issues
Business

Boeing 737 MAX fallout: EASA tightens safety norms for A320neos to avert similar issues

In 2018 nine 320neos in India were grounded because of a shortage of Pratt and Whitney engine spares

Budget 2019: Nirmala Sitharaman presents a wishlist for aviation industry, but offers little in terms of inputs to make it work
Business

Budget 2019: Nirmala Sitharaman presents a wishlist for aviation industry, but offers little in terms of inputs to make it work

The government has hinted and assured that it will examine further opening up of FDI in aviation, but will not put out a timeline on it.

Landing incidents: DGCA's special audit team finds safety breach by SpiceJet, issues notices to four senior executives
Business

Landing incidents: DGCA's special audit team finds safety breach by SpiceJet, issues notices to four senior executives

In its notice to SpiceJet chief Suri, the DGCA has said that in majority of the cases that required corrective training or action, the involved crew has been given counselling

Stock exchanges to impose trading restrictions on Jet Airways shares from 28 June to curb excessive volatility
Business

Stock exchanges to impose trading restrictions on Jet Airways shares from 28 June to curb excessive volatility

Cash-starved Jet Airways suspended operations in April and lenders are working on ways for a revival of the airline

Jet Airways crisis: Hinduja Group, Etihad Airways fail to strike deal for joint ownership of grounded airline
Business

Jet Airways crisis: Hinduja Group, Etihad Airways fail to strike deal for joint ownership of grounded airline

Hinduja Group recently said it is evaluating the opportunity to invest in Jet Airways. The lenders of the beleaguered airline have expressed reservation to consider unsolicited bids

IndiGo crisis: Rift between promoters Rakesh Gangwal and Rahul Bhatia makes airline miss out on opportunities
Business

IndiGo crisis: Rift between promoters Rakesh Gangwal and Rahul Bhatia makes airline miss out on opportunities

The IndiGo CEO, Ronojoy Datta, in the meanwhile has neither addressed not declined that problems exist, which might be a tacit admission in disguise.

Jet Airways bailout plan: Employees' consortium to bid for cash-strapped airline; seeks to raise Rs 3,000 cr from outside investors
Business

Jet Airways bailout plan: Employees' consortium to bid for cash-strapped airline; seeks to raise Rs 3,000 cr from outside investors

This is the first time that employees have come together with a proposal to run the more than 25-year-old Jet Airways

Jet Airways crisis: Scarcity of jobs in aviation sector may see short-term salary correction in industry
Business

Jet Airways crisis: Scarcity of jobs in aviation sector may see short-term salary correction in industry

Jet Airways employees are now out in the job market, leading to a supply glut as other airlines are not in a position to absorb even a quarter of them