India's aviation sector on the verge of a turnaround?
3 years, 2 months ago

India's aviation sector on the verge of a turnaround?

Business Standard  

If the recent indicators are anything to go by, India’s aviation sector is seeing a solid revival after pandemic-related turbulence. With the sale of Air India to the Tata group concluding by the end of this year and Jet Airways resuming operations soon after, the new year promises to be full of new beginnings for Indian aviation. Also, Akasa Air, the new airline backed by billionaire Rakesh Jhunjhunwala which received a no-objection certificate from the government on October 11, expects to start flying next year. Further, the government’s refusal to do away with fare caps that have been in place since May last year will also impact the aviation market’s recovery. If the current trend sustains and there is no sudden surge in Covid-19 infections, the Indian civil aviation sector may be on the verge of a turnaround.

India Aviation Airlines Air Airline  sector  aviation  indias  flights  start  india  airline  15  air  turnaround  airlines  prices  verge  fuel

History of this topic

India has one of the best airfare regimes; there should be no 'gouging': Akasa Air CEO
1 year, 6 months ago

India has one of the best airfare regimes; there should be no 'gouging': Akasa Air CEO

The Hindu  

India has one of the best airfare regimes in the world, but there should not be "gouging" in terms of ticket prices to take advantage of a particular situation, according to Akasa Air CEO Vinay Dube. His comments come against the backdrop of concerns about a steep rise in airfares in certain routes amid capacity reduction due to the Go …

Delhi to Mumbai Airfares Skyrocket, Surpassing Ticket Price to Dubai
1 year, 6 months ago

Delhi to Mumbai Airfares Skyrocket, Surpassing Ticket Price to Dubai

News 18  

In a surprising turn of events, airfares for the Delhi to Mumbai route have hit an all-time high, surpassing the rates for flights to Dubai. The Delhi to Mumbai airfare predicament serves as a reminder of the dynamic nature of the aviation industry, where prices can fluctuate rapidly based on market conditions and external factors. While the surge in airfares …

Explained | The troubles of India’s aviation industry
1 year, 7 months ago

Explained | The troubles of India’s aviation industry

The Hindu  

The story so far: After low-cost carrier GoFirst’s insolvency filing last week, the aviation safety regulator Directorate General of Civil Aviation on Monday, May 8, directed the airline to stop selling air tickets immediately. While the Indian aviation sector initially saw a boom in the 1990s after opening up as a result of liberalisation reforms and the breaking of the …

Civil aviation sector witnessing strong V-shaped recovery; domestic passenger growth will continue: Scindia
1 year, 11 months ago

Civil aviation sector witnessing strong V-shaped recovery; domestic passenger growth will continue: Scindia

The Hindu  

India’s civil aviation sector is witnessing a very strong V-shaped recovery with encouraging domestic passenger numbers, and the growth will continue in the coming years, Union Minister Jyotiraditya Scindia said on Wednesday. In an interview with PTI, Mr. Scindia said the domestic passenger numbers are very encouraging and already, the number is around 111 million till November this year. When …

Domestic Aviation Close to Reaching 'Pre-Covid' Level, Says Scindia
2 years, 9 months ago

Domestic Aviation Close to Reaching 'Pre-Covid' Level, Says Scindia

News 18  

Airline industry that suffered heavy losses during the Covid pandemic is returning to pre-Covid levels, and has recorded a traffic of 3.8 lakh passengers per day, Civil Aviation Minister Jyotiraditya Scindia informed the Rajya Sabha on Monday. Replying to supplementaries during Question hour, the minister said the civil aviation sector is on its way back to recovery and is roughly …

Explained: Is India's economy gaining immunity against Covid-19?
3 years, 3 months ago

Explained: Is India's economy gaining immunity against Covid-19?

India Today  

India’s economy is on track to rebound sharply after two waves of the Covid-19 pandemic dampened growth during all four quarters of FY21. A majority of financial analysts predict GDP growth at 18-20 per cent in the June quarter and remain optimistic about economic recovery in upcoming quarters as the second wave fades and more Indians get vaccinated against the …

For India’s COVID-hit Airlines, the Flight Path Continues to be Turbulent
3 years, 5 months ago

For India’s COVID-hit Airlines, the Flight Path Continues to be Turbulent

News 18  

As the vaccination rollout gets underway, India’s airlines are hoping against hope that travel demand starts showing some semblance of normalcy. Between a market structure that is tending towards a duopoly and rising input costs, the flight path for India’s airline continues to be unsettled. With COVID, India’s airlines burnt through cash and unlike counterparts in Europe and the West, …

Second Covid Wave Poses Downside Risks to India's Economic Growth: S&P
3 years, 7 months ago

Second Covid Wave Poses Downside Risks to India's Economic Growth: S&P

News 18  

S&P Global Ratings on Wednesday said the second wave of Covid infections poses downside risks to India’s GDP and heightens the possibility of business disruptions. Last week another global rating agency Fitch had projected India’s economic growth in current fiscal at 12.8 per cent, while Moody’s Investors Service had earlier this month said that the second wave of Covid infections …

How Aviation Went From an Elitist to Essential Mode of Transportation Due to Covid-19 Pandemic
3 years, 9 months ago

How Aviation Went From an Elitist to Essential Mode of Transportation Due to Covid-19 Pandemic

News 18  

The Covid-19 pandemic not only battered and bruised India’s civil aviation sector, but it also changed the entire perception of the industry from an elitist to an essential mode of transportation. In India’s context, prior to the calibrated re-opening, the entire ecosystem comprising policy makers, regulator, airlines and airports got engaged to herald the world’s largest evacuation programme. Soon hauling …

Domestic Airlines Fleet in India Cross 700 Planes, 73 New Aircrafts Added in 2020: DGCA
3 years, 9 months ago

Domestic Airlines Fleet in India Cross 700 Planes, 73 New Aircrafts Added in 2020: DGCA

News 18  

India’s civil aviation sector, which was heavily battered by the Covid-19 pandemic, added over 20 aircraft during the year 2020. In January, on a year-on-year basis, the air passenger traffic had dropped by 39.50 per cent to 77.34 lakh from 127.83 lakh reported for the corresponding period of the previous year. On a sequential basis, domestic passenger traffic rose 5.55 …

The antidote for India’s healthcare woes
4 years ago

The antidote for India’s healthcare woes

Live Mint  

“This is indeed India!” remarked Mark Twain, as he tried to grasp the complex and nuanced Indian society. Considering that India’s healthcare spending, at 3.5% of gross domestic product, is significantly lower than peers, one would assume that higher government spending can alleviate all the pain points in the healthcare ecosystem. Similarly, India can work towards creating a Health Open …

India Will Be Worst Affected Among Major Economies Even After Coronavirus Pandemic Wanes: Report
4 years, 1 month ago

India Will Be Worst Affected Among Major Economies Even After Coronavirus Pandemic Wanes: Report

News 18  

India will be the worst affected among the world’s major economies even after the coronavirus pandemic wanes, with output 12% below pre-virus levels through the middle of the decade, according to global forecasting firm Oxford Economics. “We forecast India’s growth equilibrium to worsen substantially over the medium term, with potential growth averaging just 4.5% over 2020-2025 in our latest baseline, …

We Will Reach Pre-Covid Mark of 3 Lakh Air Passengers by Dec 31, Says Aviation Minister
4 years, 3 months ago

We Will Reach Pre-Covid Mark of 3 Lakh Air Passengers by Dec 31, Says Aviation Minister

News 18  

Even as India records an unprecedented spike in the number of new Coronavirus cases in India, the country has been easing down on the restrictions that were put on different modes of travel, be it by air or by road. We find out the answers to these questions in our conversation with the Civil Aviation Minister of India, Hardeep Singh …

Costs of India’s covid crisis are too high
4 years, 3 months ago

Costs of India’s covid crisis are too high

Live Mint  

India is reeling from a quadruple whammy that is practically unique even during this pandemic. Programs like Britain’s furlough scheme or the U.S.’s $600 per week unemployment aid are a distant dream in India. Perhaps that’s because the case fatality rate, as far as the government can tell, is well below 2% and thus among the lowest in the world. …

Alone at the top: The Hindu Editorial on India’s COVID-19 numbers
4 years, 3 months ago

Alone at the top: The Hindu Editorial on India’s COVID-19 numbers

The Hindu  

August 31, 2020 12:02 am | Updated 12:37 am IST For most of this month, India has consistently been contributing the most number of daily confirmed COVID-19 infections to the world. India’s confirmed case fatality rate is below 2% — totalling to over 64,500 deaths. Whether the nearly 40,000 averted deaths are so far evidence of a dodged bullet, or …

India's economic recovery unlikely this year as pandemic rages on
4 years, 4 months ago

India's economic recovery unlikely this year as pandemic rages on

India Today  

India’s economic recovery may take much longer than predicted earlier as GDP growth forecasts for the year remain in deep contraction zone in the wake of the Covid-induced slowdown. According to the report, India’s GDP is expected to contract 16.5 per cent during the June quarter as businesses struggle to cope with the losses incurred during the ongoing pandemic. While …

India Remains a Key Contributor to Our Global Supply Chain Despite Economic Turbulence: Boeing
4 years, 4 months ago

India Remains a Key Contributor to Our Global Supply Chain Despite Economic Turbulence: Boeing

News 18  

Despite Covid-19 induced economic turbulence, aerospace major Boeing India plans to maintain its systems and components sourcing activity in India. Our sourcing from India stands at close to $1 billion a year from more than 200 suppliers who are manufacturing critical systems and components for some of Boeing's most advanced products," said Boeing India president Salil Gupte. "Our growing installed …

How the pandemic transformed India’s conventional health infra
4 years, 5 months ago

How the pandemic transformed India’s conventional health infra

Live Mint  

The pandemic has improved India’s health infrastructure by pushing both the government and private sector to incur unplanned expenditure on covid-19-related services. While the Centre spent more than ₹300 crore only on hospital equipment, private hospitals invested in large volumes of essential medical supplies and restructured hospital infrastructure to create isolation and quarantine facilities. The Union health ministry has taken …

Air India pilots write to CMD, suggest ways to improve airline's financial health
4 years, 5 months ago

Air India pilots write to CMD, suggest ways to improve airline's financial health

India Today  

Two pilot wings of national carrier Air India — Indian Commercial Pilots’ Association and Indian Pilots’ Guild — have written a letter to the airline’s Chairman and MD Rajiv Bansal, mentioning steps that should be taken to secure the survival of Air India. This may be contrasted with Air India which has more than 1600 employees in HR and Finance …

India to lose 130 million jobs due to Covid-19 pandemic: Report
4 years, 6 months ago

India to lose 130 million jobs due to Covid-19 pandemic: Report

India Today  

India is set to lose around 130 million jobs due to the Covid-19 pandemic, and 40% of those would be blue-collar jobs, says a report by Global Consultants. As per the report, the following industries would be worst hit due to Covid-19: Aviation Automobile Travel and tourism Food Entertainment Manufacturing Which sectors would do good despite the Covid-19 crisis? As …

Discover Related