Time ripe for airline disruptors
‘Big bull’ Rakesh Jhunjhunwala’s foray into aviation may just be the beginning of new entrants into the industry.
airlines
September 2021
July 2021
May 2021
November 2020
June 2020
May 2020
April 2020
March 2020
Big bull Jhunjhunwala to start an airline
While speaking at a virtual panel discussion, ace investor Rakesh Jhunjhunwala said he "loves it" when people say “you want to be a millionaire and that’s why are investing in an airline.” Read on.
Airports Authority of India: Exiting the terminal
The Airports Authority of India’s planned exit from four metro airports and its privatisation drive has raised concerns about ‘private monopoly’. But the government is clear: monetise public assets.
Aviation: It isn’t a fine autumn sky
Indian aviation is flying through heavy turbulence despite the government’s pro-industry directives. And the surge in Covid-19 cases across India is making matters worse.
The long, tough road back to a new normal
The cautious easing of the lockdown in several states and the reverse migration of labour will make a return to normal economic activity a difficult task.
Covid-19: Lockdown extended till May 17
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
Government directs airlines to refund passengers
The MoCA asked airlines to fully refund passengers on their domestic and international ticket cancellations for purchases made between March 25 and April 14 and for travel between March 25 and May 3.
Air passenger revenues to drop by $314 billion
Industry body IATA estimates that airlines across the world could burn through $61 billion of cash reserves in the second quarter alone; approximately 25 million aviation jobs are at risk.
SpiceJet announces pay cuts of 10% to 30%
In a bid to tide over the unprecedented crisis because of the Covid-19 pandemic, SpiceJet announced a company-wide pay cut. However, employees in the “lowest pay grades” would remain unaffected.
Hard landing for airports as Covid-19 adds to woes
Even after the unprecedented chaos wrought by the Covid-19 pandemic settles, there’s turbulence ahead for the air travel industry.
