Capa

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.

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.

Coronavirus pandemic: Global airlines stare at bankruptcy by May-end amid plunging travel demand, warns CAPA

GoAir rekindles IPO plan, to raise up to Rs 2,074 cr; budget carrier plans to add one aircraft per month

GoAir plans to raise up to Rs 2,074 crore through the maiden offer, though the airline is yet to take a decision on the size of the issue

Low-cost carriers IndiGo, SpiceJet, GoAir to report record profits in 2019-20; growth in domestic capacity to resume in H2: CAPA

IndiGo alone could be on track to report a profit of $400-500 million. Meanwhile, the combined fleet size of Indian LCCs is expected to cross 500 aircraft this year, CAPA said.

Indian airline sector to shrink losses by two-thirds next year; domestic air traffic to rise by 14-16%: Report

Domestic air traffic is forecast to rise by 14 to 16 percent in financial year 2020 with international traffic set to be 10 to 12 percent higher as the Indian fleet expands by more than 90 aircraft.

Domestic carriers inducted over 100 aircraft in 2018; passenger traffic clocks about 20% growth for past 4 years

The nine major Indian carriers together took deliveries of over 120 planes comprising both twin and single aisle as well as regional jets in the just-concluded year as against 88 planes inducted in 2017.

Vistara receives Rs 20 billion capital infusion from Tata Sons and Singapore Airlines to expand operations

The latest investment comes at a time when Vistara is planning to expand its operations

Air India may face more headwinds as govt backtracks on Rs 30,000 crore second bailout package

The government needs a proactive approach to tackle the mess it has created at Air India.

Indian carriers need $50 billion of financing to take expected scheduled delivery of planes over 10 years: Report

With a total of 1,055 aircraft on order, as many as 100 planes consisting of wide-body, narrow-body and regional ones are to be delivered to Indian carriers each year for the next five years