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AVIATION INDUSTRY TURMOIL
From floods to war, state-run oil firms prove indispensable despite repeated privatisation bidsIndia's state-run oil companies have proven indispensable during national crises, from floods and pandemics to global conflicts. Despite pa...- Air India turns to pay cuts and fewer flights as war worsens financial strugglesAir India is considering major cost-cutting steps amid the Iran war, including furloughs for nontechnical staff, salary cuts for senior exe...
- Air India board meeting on May 7; cost-saving steps, CEO selection likely on agendaAir India's board meets May 7 to discuss cost cuts and a new CEO. The airline faces significant losses and challenges from rising jet fuel ...
- Air India, IndiGo, SpiceJet seek ATF price relief; say airline industry on verge of 'stopping operations'Indian airlines Air India, IndiGo, and SpiceJet are in severe financial distress. They warn of halting operations due to soaring jet fuel c...
- Jet fuel prices up 8.5%, not 115%, domestic airlines shielded, IOC clarifiesJet fuel prices have reached an all-time high, soaring to over Rs 2 lakh per kilolitre. This significant increase is attributed to rising g...
- West Asia tensions rattle Dalal Street; pharma and metals buck the trendWest Asian conflict's spillover to India fueled investor uncertainty, impacting sectoral indices except pharmaceuticals and metals. Export-...
- Verijet files chapter 7 bankruptcy after CEO Kane’s death; private jet operator collapses amid $38.7M liabilities and legal turmoilVerijet, a private jet charter company, has filed for Chapter 7 bankruptcy. This move signals the end of its operations. The company's rapi...
- Airlines warn of chaos if 5G mobile service is deployed this weekTwo days before Verizon and AT&T plan to deploy more segments of their new 5G mobile internet technology, leaders of the nation’s largest a...
- IATA projects lower profits for carriers in Asia-PacificIATA today projected lower profits for carriers in Asia-Pacific region, saying "turmoil" in foreign exchange markets in India affected grow...
- Competition Commission may relook at cartelization issue in airline industryCompetition Commission today said it could take a relook at the issue of cartelization in the airline industry.
- RBI clears debt restructuring for aviation sectorThe Reserve Bank has allows banks to restructure the debt of the cash-strapped aviation sector to help the beleaguered industry come out of...
- Foreign airlines' FDI bid fails to take offSecurity concerns have forced the government to put on hold a proposal allowing foreign airlines to invest in domestic carriers.
- Foreign airlines' FDI bid fails to take offSecurity concerns have forced the government to put on hold a proposal allowing foreign airlines to invest in domestic carriers.
- IBS beats slowdown blues with consultancy modelTravel, transportation and logistics solutions major IBS has taken the business consulting route to overcome the ongoing turmoil in the tra...
- Ramesh slams Assocham report on 25 pc cut in jobsUnion Minister of State for Power Jairam Ramesh termed the Assocham report by the industry body as "outrageous" and "irresponsible".
- Air Deccan slapped with enhanced penalty for cancelling flightAt the time when the aviation industry is facing economic turmoil, the State Consumer Commission has slapped Rs one lakh penalty on Air Dec...
- Airport infra development still intact: KPMGThe aviation space is witnessing one of the worst turmoil of recent times, however one growth story in the sector, i.e. airport infrastruct...
- Low-cost airports can be answer to aviation challenges: StudyThe non operational airports and low cost airports could be the answer to the challenges faced by the aviation sector in the country.
- Boeing flying low in IndiaChicago-based Boeing thinks that consolidation in the domestic airline industry is the only way out for the players to overcome the poor lo...
- Air China says 1Q profit rises 147 % on strong growth in Chinese travelAir China Ltd said on Friday its profits jumped 147 % in the first quarte But the industry also is in turmoil as carriers struggle to moder...
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