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News & Recos

• India's air passenger traffic grows 3.6 per cent in Oct; pace slower than seen in 2018: IATA
  The International Air Transport Association (IATA), a grouping of more than 280 airlines worldwide, on Thursday said growth in India lags the robust 2018 outcomes. Globally, Revenue Passenger Kilometre (RPK) rose to 3.4 per cent in October compared to the year-ago period. RPK is a measure of demand.
• IndiGo says PW engine issue is likely to have an impact on future capacity
  On November 1, aviation regulator Directorate General of Civil Aviation (DGCA) had asked IndiGo to replace all unmodified PW engines on its 97 A320neo family aircraft or face grounding of planes.
• Foreign trips may pinch fliers as airfares surge
  Flights to US, Europe this holiday season may cost three times more on Jet’s exit. The India-London sector could see new flights, with Vistara and IndiGo possibly starting them next year, but other routes will have to wait. A Delhi-Paris ticket is priced at Rs 1,14,642 against Rs 40,020 in December last year, according to travel aggregator ixigo.
• Agencies suspect Jet owners siphoned Rs 8k cr via bogus bills
  Investigators specifically probing the role of Goyal in alleged irregularities at what was once the country’s largest airline are looking into more than 5,000 bills raised by operation creditors, including aircraft lessors, maintenance agencies and general sales agents (GSAs). They suspect most were bogus and raised through entities related to Goyal or associates.
• The Great Dichotomy: Indices at record highs; but dozens of business models fail, destroy up to 90% value
  Some 481 companies listed on BSE have lost half of their values so far this year.

• Providing jobs to ex-Jet Airways employees not in our domain: Government
  The Naresh Goyal-led Jet Airways, which was the largest private carrier at its time, was grounded on April 17 due to financial troubles.
• After Jet Airways' demise, Lufthansa plans to 'strengthen' partnerships with Indian airlines
  For 2020, the Lufthansa group will be trying to strengthen Indian partnerships so that Indian carriers can bring passengers from second and third-tier cities to its four gateways. However, apart from launching a Munich-Bengaluru flight service in April, the airline does not plan to start any other flight service in 2020.
• Overcapacity in skies pulls down fares, hurts airlines’ bottomline
  Airlines seem to be in a doom loop, with excess capacity and not enough places to fly aircraft profitably.
• Overcapacity in skies pulls down fares, hurts airlines’ bottomline
  Airlines seem to be in a doom loop, with excess capacity and not enough places to fly aircraft profitably.
• NCLT calls meeting with Jet Airways suitor
  On Monday, the Mumbai bench of the NCLT directed the resolution professional to communicate with the South American firm Synergy Group to appear before the bench. The tribunal has also made the ministry of civil aviation and DGCA party to the case and sought their response regarding the availability of the slots to fly between destinations.

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