India’s air bubble agreement with the U.S. has given a fillip to 16-hour non-stop flights between the two nations. Air India has taken a lead, but questions remain about its continuity.
Even as the Tata group doubles down on its aviation bets, IndiGo is also preparing ground for its next stage of growth. It’s on a mission to build the best airline system for India, says its CEO.
While the Jet 2.0 programme is aimed at reviving the past glory of Jet Airways, the airline's new investors need to have the appetite for losses and commitment to investing top dollar. Will they?
While Jet Airways has found investors in UK-based Kalrock Capital, and UAE-based entrepreneur Murari Lal Jalan, the impact of Covid-19 on the aviation industry could derail its second take-off.
Data by the Directorate General of Civil Aviation showed that more domestic travellers took to the skies last month, as compared to August. Although, traffic is still down on an yearly basis.
According to the aviation consultancy firm, only emergency and essential air travel is happening at present, which isn’t good news for Indian airlines.
With free cash reserves of over ₹9,000 crore, the airline has decided to pay heed to the government’s wish of not reducing pay for employees during the lockdown; it had announced pay cuts earlier.
Governments all over the world have announced billion-dollar bailouts for their domestic airlines. In India, without government support, the industry will collapse, says a senior airline executive.
As an impact of Covid-19, CAPA India says domestic traffic will drop to 80 million-90 million and international traffic to 35 million-40 million in FY21.
