Capa

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Capa - Total results - 82
Coronavirus Outbreak: Airlines decline refund to customers for cancelled tickets amid lockdown extension
Business

Coronavirus Outbreak: Airlines decline refund to customers for cancelled tickets amid lockdown extension

With the nationwide lockdown extended till 3 May, domestic airlines have again decided not to refund customers in cash for their cancelled flights and instead have offered them rescheduling of tickets for a later date without any additional fee

Coronavirus Outbreak: Indian aviation sector may incur $3.3-3.6 bn loss in June quarter, says CAPA
Business

Coronavirus Outbreak: Indian aviation sector may incur $3.3-3.6 bn loss in June quarter, says CAPA

The Indian aviation sector is projected to incur a staggering $3.3-3.6 billion loss in the first quarter of the next financial year if flight services remain grounded till June-end, according to a report

Coronavirus Outbreak: Domestic flight services likely to remain suspended after 31 March, says CAPA
Business

Coronavirus Outbreak: Domestic flight services likely to remain suspended after 31 March, says CAPA

Domestic air services are likely to remain suspended beyond 31 March in the wake of the coronavirus pandemic, according to aviation consultancy CAPA

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.

Govt needs to infuse Rs 3,000 cr in Air India to ensure continuity of operations as sale process to get delayed: CAPA
Business

Govt needs to infuse Rs 3,000 cr in Air India to ensure continuity of operations as sale process to get delayed: CAPA

The government's plan to privatise flag carrier Air India will be further delayed and it will have to infuse up to Rs 3,000 crore to ensure continuity of operations till the sale process gets over, the Centre for Pacific Aviation (CAPA) said on Wednesday

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.

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

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
Business

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
Business

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
Business

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
Business

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
Business

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
Business

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

Air India's balance sheet is splashed with red ink; if the govt won't sell the ailing carrier, it has to bear the cross
Business

Air India's balance sheet is splashed with red ink; if the govt won't sell the ailing carrier, it has to bear the cross

Air India has logged losses for over a decade, has a debt of over Rs 50,000 crore and faces stiff competition from private airlines. What should the government's focus be?

P Chidambaram says Centre totally confused on Air India assets sale, should sort out its mind
India

P Chidambaram says Centre totally confused on Air India assets sale, should sort out its mind

Senior Congress leader P Chidambaram on Monday alleged that the government was "totally confused" on the Air India assets sale and asked it to "sort out its mind" before attempting to tackle the problem.

Air India stake sale: Why the failed first attempt at the carrier's disinvestment could cost the Narendra Modi govt dear
Business

Air India stake sale: Why the failed first attempt at the carrier's disinvestment could cost the Narendra Modi govt dear

The AISAM must be allowed to relax the Air India bid conditions substantially. Else, the carrier will continue to feed on taxpayer funds.

Air India divestment: Govt unsure if it can sell the ailing carrier; civil aviation secretary RN Choubey's take a case of sour grapes?
Business

Air India divestment: Govt unsure if it can sell the ailing carrier; civil aviation secretary RN Choubey's take a case of sour grapes?

A non-airline company, with no experience in running an airline, can also place a bid for Air India. This shows all that is wrong with the divestment.

Air India privatisation: Tata Group still in the race for national carrier, bidders seek relaxation of norms
Business

Air India privatisation: Tata Group still in the race for national carrier, bidders seek relaxation of norms

A day after it was reported that Tata Group was unlikely to bid for Air India, sources close to development have now said that Tatas have not pulled out

Postponing Air India divestment by 5 years will further erode its value, says CAPA
Business

Postponing Air India divestment by 5 years will further erode its value, says CAPA

Privatisation of the Air India should in fact be "fast- tracked" to maximise investor interest and value for the government, the think tank suggested