Domestic Air traffic...Indigo maintains lead in October
As per the passenger traffic data submitted by various domestic airlines, the total domestic passengers carried by the scheduled domestic airlines in the month of October 2012 were 45.55 lakhs.
The total domestic passengers carried by the scheduled domestic airlines in the month of September 2012 were 40.18 lakhs. This shows that 5.37 lakh more passengers travelled in the month of October 2012 compared to September 2012. The break-up for the month of October 2012 is as follows:
Air India 9.49 lakhs, Jet Airways 8.24 lakhs, Jet Lite 3.00 lakhs, IndiGo 12.66 lakhs, Spice Jet 8.69 lakhs, Go Air 3.47 lakhs, Kingfisher Nil, Mantra- 0.001 lakhs.
However, the number of passengers carried by the domestic airlines was 483.94 lakhs between January-October 2012 as against 496.19 lakhs during the corresponding period of the previous year showing the growth of -2.47%. Read more
SpiceJet stake sale on cards:reports
S.L. Narayanan, the group CFO of Sun Group has reportedly said that that a stake sale of SpiceJet is on cards.
Media baron Kalanithi Maran and his wife Kavery Kalanithi have resigned from the board of directors of Kal Airways, the holding company of SpiceJet- a move suggesting that promoters may want to rope in an investor by offering a large and perhaps controlling stake, says report.
Kal Airways along with Marans hold over a 48% stake in SpiceJet.
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The domestic passenger data for the last six months shows consistent increase in the market share of Air India. It has risen from 16.2% in May 2012 to 20.8% in October 2012. For the months of June, July, August and September 2012 the market share of Air India was 16.8%, 18.2%, 18.2% and 19.3% respectively.
As compared to October 2011 also, the market share of Air India has shown considerable improvement rising from 16.6% to 20.8%. Further, during October 2012 the airline carried 9.49 lakh passengers as compared to 8.98 lakh passengers carried in October 2011. The passenger load factor of Air India has also improved reaching 74.7% in October 2012 from 64.7% in July 2012. The on-time performance of the airline has also improved during the last three months ranging between 84% and 87%.
Union Minister of Civil Aviation Shri Ajit Singh has asked Air India to further improve its passenger load factor and on-time performance while aggressively implementing its various customer friendly initiatives. Air India had recently taken several customer-friendly measures including launch of customer friendly fare schemes, ensuring maintenance of aircraft schedules coupled with improved utilization of its aircrafts. It is also noteworthy that free allowance for excess baggage in Air India has also been stopped at the initiative of the Minister.
Revenue Dept plans to recover dues from KFA: reports
The Revenue Department is planning to recover tax dues from Kingfisher Airlines, which owes more than Rs 2bn to the exchequer, according to reports.
CBEC Chief reported that the Reveune Department may talk with aviation regulator DGCA as theairlines is likely to submit a comprehensive revival plan to DGCA by this month-end
Finance Minister P Chidambaram has told CBDT and CBEC to get together and plan it out and whether it involves talking to regulator or whatever,reports said.
There are reports that Private equity player TPG may acquire stake in Kingfisher Airlines.
SpiceJet to issue convertible debentures to promoters
Spicejet has reportedly said that it would raise equity capital from its promoters by issuing convertible debentures or warrants to fund expansion plans
SpiceJet will be raising additional funds through the issue of convertible debentures and / or warrants convertible up to a maximum of 52.177 million equity shares to the promoter of the company on a preferential basis.
The price will be determined as per SEBI ICDR (issue of capital and disclosure requirements) guidelines.
Madhya Pradesh CM meets Union Civil Aviation Minister
Chief Minister of Madhya Pradesh Shri Shivraj Singh Chouhan met Union Minister of Civil Aviation in New Delhi.
The two leaders discussed status of certain proposals in the aviation sector in the state and possibility of improving air connectivity to the State.
Shri Ajit Singh informed that the Centre is in the process of making Indore Airport completely CAT-I compliant. This requires installation of CAT-I Approach lighting system for which approximately 15 acres of additional land is needed at Indore Airport. He said the CAT-I Approach lighting system as an aid to the Instrument Landing System available at the airport will help landing of aircrafts in less visibility and considerably improve airport operations in the city. He further added that 13.38 Ha i.e. 28 acres of land is also required on city-side at Indore to streamline vehicular movement and facilitate straight-in approach of vehicles to the new integrated terminal. Shri Chouhan assured to look into the requirements favourably. Read more
Jet Airways, Indias premier international airline, announced the introduction of a 4 coupon ONE FARE PASS booklet for facilitating increased and convenient travel on Jet Airways and JetKonnect flights in regional domestic markets.
The new ONE FARE booklets containing 4 coupons will be applicable for travel in both Premiere and Economy Class on domestic flights that are less than 750 kms in distance.
Each Premiere ONE FARE PASS booklet will have a total value of INR 49,216 inclusive of all taxes. The Economy Class ONE FARE PASS (Jet Airways and JetKonnect) will contain 4 coupons each, worth of Rs 19,606 inclusive of all taxes for Jet Airways, and Rs 17,254 inclusive of all taxes for JetKonnect.
These may be purchased by individuals and organizations alike, where Coupons remain transferable until details are endorsed on the coupon. Once endorsed coupons will be non-transferable. Read more
British Airways increases flights from Hyderabad and Chennai
British Airways has announced today that it will be expanding its route network from Hyderabad and Chennai from summer 2013 to six flights per-week from five flights per-week as per the current schedule.
Christopher Fordyce, Regional Commercial Manager, British Airways, South Asia, said, We are delighted to announce further growth in Hyderabad and Chennai. Come summer, our customers will be able to enjoy enhanced flight frequency as well as our unmatched on board services.
We always keep customers at the heart of all decision making and try to provide what they want from us. We have witnessed tremendous customer response and increase in demand from Hyderabad and Chennai in the last couple of years. To cater to this growing demand, we are pleased to offer enhanced flight frequency to all our customers from these two cities. Read more
IATA has stated that the number of passengers travelling in premium seats was 3.8% higher in September compared to a year ago.
Over the last 6 months, Septembers year-on-year growth rates are close to the recent trend, with premium and economy travel growing at 4% and 5% annualized rates, says IATA.
Economy class travel was increasing at an 8% annualized rate over the same period. The growth in air travel has moderated in line with weakening business confidence and slowing world trade growth.
Premium travel markets within Europe and across the North Atlantic are the two main regions of slower growth, says IATA.
Singapore Airlines and Virgin Australia announce codeshare expansion
Singapore Airlines and Virgin Australia today announced the expansion of their codeshare agreement to cover further destinations in Australia, Asia and Europe. Codesharing has been extended with immediate effect to all of Virgin Australias domestic destinations, offering SIA customers access to 32 Australian cities. SIA also intends to further expand codesharing in the coming months to include trans- Tasman flights between Australia and the New Zealand cities of Dunedin, Queenstown and Wellington, subject to regulatory approval.
In the first quarter of 2013, Virgin Australia will in turn extend its current codeshare with SIA to cover connections from the East Coast of Australia to Europe and additional cities in Asia, via SIAs hub in Singapore. Virgin Australia currently codeshares on SIA flights to Europe from Adelaide, Perth and Darwin. In total, Virgin Australia customers will now have access to 64 destinations in Asia and 12 destinations in Europe on the SIA and SilkAir networks from Sydney, Melbourne, Brisbane, Adelaide, Perth and Darwin. This codeshare expansion is a major step forward in our deepening partnership. With more cities covered, Singapore Airlines and Virgin Australia can together offer even better connections for our customers between Singapore and Australia, as well as through our Singapore hub to many more points around the world, said SIA Executive Vice President Commercial, Mr. Mak Swee Wah. Read more
Qatar Airways first Boeing 787 takes off to Dubai
Qatar Airways began commercial services of its brand new Boeing 787 aircraft with Doha Dubai becoming the Dreamliners debut route.
The state-of-the-art aircraft is being deployed on four daily rotations between the two cities marking a new era for Middle East aviation as Qatar Airways is the Boeing 787 launch customer in the region.
Flight QR 106 took off from Doha International Airport at 0800 hrs on 20thNovember for the one hour journey to Dubai.
Qatar Airways newest addition to its fleet heralds the start of an exciting new era for travellers worldwide with unparalled levels of comfort and luxury onboard Boeings next generation aircraft. Read more
GE Aviation has acquired the assets of Morris Technologies, and its sister company, Rapid Quality Manufacturing, precision manufacturing companies operating in suburban Cincinnati, Ohio. Terms were not disclosed.
The two privately-held companies, with about 130 Cincinnati-area employees specialize in additive manufacturing, an automated process for creating rapid prototypes and end-use production components.
With this acquisition, GE Aviation continues to expand its engineering and manufacturing capabilities to meet its growing jet engine production rates over the next five years. (In addition to acquiring these manufacturing processes, GE Aviation will open two new production plants in the United States next year.) Read more
FedEx Express, a subsidiary of FedEx Corp. announced thatit has been recognized as one of the top 10 Worlds Best Multinational Workplaces by Great Place to Work Institute forthe second year in a row. The ranking is the worlds largest annualstudy of workplace excellence and identifies the top 25 best multinationals interms of workplace culture.
"I am delighted that FedEx Express has once again been named among the world's best multi-national work places," said David J. Bronczek, president and chief executive officer of FedEx Express. "This is the second consecutive year we achieved this prestigious global ranking. This award serves as another testament toour unique service culture and to our people and operating teams around the world who go above and beyond for our customers every day."
Since launching the first best work places lists in partnership with FORTUNE magazine in the United States and Exame in Brazil in 1997, Great Place to Work now recognizes leading workplaces in some 45 countries. Read more
Cathay Pacific Airways appoints J.Sajeev Kumar as Cargo Manager, AP
J Sajeev Kumar has been appointed Cathay Pacific Airways Cargo Manager Andhra Pradesh. Kumar will oversee cargo sales and revenue for Cathay Pacific and is responsible for the development and execution of cargo sales strategy for the region.
Sajeev Kumar began his career in 1993 with the Airline Industry in the capacity of Reservation and Ticketing Agent and thereafter moved to Sales with Srilankan Airlines G.S.A in Kerala.
In 2003, he joined Cathay Pacific G.S.A overseeing Kerala regions business development and later moved on to Hyderabad as Regional Manger- Andhra Pradesh for Cathay Pacific Passenger and Cargo. In 2007, he moved to Chennai and took over Cathay Pacific Cargo G.S.A Sales for the Southern region. Read more
Emirates, one of the fastest-growing airlines in the world, announced at the Windows 8 launch event in Dubai the development of a line-of-business application for Windows 8 called Knowledge Driven Inflight Service (KIS). An in-flight communication and customer relationship management device first introduced by Emirates for its pursers in 2004, the KIS application will now run on the soon-to-be-launched HP ElitePad 900 business tablets and will enable Emirates to continue to deliver extraordinary customer service and experiences.
At Emirates, we strive to deliver the worlds best in-flight experience, said Kevin Griffiths, Senior Vice President, Cabin Crew at Emirates. We constantly invest in the best aircraft, products and service. To support our crew, we have created an application on Windows 8 that delivers a unique, personalized experience with the necessary information for our cabin crew to better serve the needs of customers. The Windows 8 platform running on HP ElitePad 900 devices gave us this option, allowing us to create the KIS app that enables our crew to offer an experience not available on other airlines.
Pursers on the flight use the KIS application to brief the cabin crew before every flight and understand how to best meet the personal preferences and needs of passengers. The crew can also use the application to easily conduct in-flight upgrades to business class or first class for Emirates Skywards members, as well as customer feedback that is immediately routed to headquarters upon landing. Read more
India Infoline News Service / 14:51, Aug 19, 2014
Q1 revenues declined 0.9% qoq vs our estimate for a 1.8% qoq on the back of weakness in global operations whose revenues declined 14.9% qoq and 5.1% yoy.