Aviation Industry News
Slowdown in consumer spending hurts global demand for jet fuel; oil prices likely to slip
Global jet fuel demand is likely to ease as the slowdown in consumer spending impacts people’s travel budgets. A shift in pattern can affect oil prices in the coming months.
3 min read14 Aug 2024Vietjet Air signs MoU to buy 20 Airbus A330-900 planes to replace its current fleet
Vietjet Air signed a memorandum of understanding with Airbus for the wide-body aircraft, which will replace its current fleet of leased A330-300 planes, Airbus said in a statement.
1 min read22 Feb 2024Why the Jet Airways rescue has failed to take off
The Jalan Kalrock consortium’s source of funds to acquire Jet Airways has become the latest flashpoint in the airline’s tortured path to recovery
5 min read9 Nov 2023Govt notifies bankruptcy code changes to make aircraft recovery easier
In the case of Go First, which filed for bankruptcy on 3 May, lessors were not allowed to recover its planes as the court had said the moratorium applied to leased aircraft and engines as well
2 min read5 Oct 2023UAE: Dubai’s Emirates Airline to introduce Premium Economy services to Mumbai, Bengaluru from October 29
Emirates to introduce Premium Economy services to Mumbai and Bengaluru, while airfares of India-UAE set to decrease by 15-30% from September 14.
2 min read4 Sep 2023Akasa Air announces mega anniversary sales: 15% discount on flight tickets across 16 domestic destinations
Akasa Air celebrates one-year anniversary with a special sale: up to 15% discount on flight tickets for 16 domestic destinations.
1 min read2 Aug 2023Akasa Air welcomes new Boeing 737 MAX 8-200, becomes first airline in Asia to do so
Akasa Air claims to be the first airline in Asia to induct a B737-8-200 aircraft. The 20th aircraft is registered as VT-YAV, which landed in Bengaluru International Airport on August 1 at 9:31 am and received a ceremonial welcome.
1 min read1 Aug 2023Indian Airlines in a tough spot over sustainability goals | Mint Explains | Mint
It seems like Indian airlines are caught in a tough spot due to the government’s ambitious sustainability goals. Here’s the scoop: there’s talk of a mandate for airlines to blend 1% sustainable aviation fuel starting in 2025. They have been invited to participate in a green fuel joint venture. But hey, it looks like these plans might be a tad too ambitious, according to insiders.
31 Jul 2023Maran vs Spicejet: Delhi HC upholds 2018 arbitration award; Maran to get ₹579 crore plus interest
The decision paves the way for the enforcement of the award. The execution proceedings against the award are pending before another bench of the Delhi High Court, and a hearing in the matter is scheduled for 5 September
1 min read31 Jul 2023Indian Airlines To Face Capacity Shortage In Peak Travel Season | Mint Primer
Indian airlines face a potential capacity shortage in the peak December quarter due to sluggish aircraft induction plans. With only a marginal increase in the domestic fleet size since the suspension of low-cost carrier Go First, supply chain disruptions and delayed deliveries have grounded a significant number of planes. IndiGo, Air India, and Akasa Air have added planes, but maintenance work and spare parts shortages have impacted operations. As demand picks up, the supply chain challenges could become a significant concern, affecting travel during the upcoming travel season.
28 Jul 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared