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India, US sign Aviation Safety Agreement in New Delhi

India Infoline News Service | Mumbai | February 09, 2016 12:29 IST

The International Civil Aviation Organization (ICAO) had raised certain safety concerns about Indian aviation in its 2012 audit.

Compat stays CCI fines on IndiGo & SpiceJet

India Infoline News Service | Mumbai | February 09, 2016 11:58 IST

Competition Appellate Tribunal stayed penalties totalling Rs. 106 crore imposed by CCI on IndiGo and SpiceJet for alleged cartelisation in fixing fuel surcharge on air cargo

Spicejet plunges 4%

India Infoline News Service | Mumbai | February 09, 2016 10:58 IST

The scrip opened at Rs. 80.4 and touched a high and low of Rs. 81.7 and Rs. 77 respectively.

Jet Airways gains 4% on Q3 numbers

India Infoline News Service | Mumbai | February 08, 2016 15:43 IST

The company posted a net profit of Rs. 4671.10 mn for the quarter ended December 31, 2015 as compared to Rs. 631.10 mn for the quarter ended December 31, 2014.

Jet Airways Q3 net profit skyrockets to best ever at Rs. 467.9 crore

India Infoline News Service | Mumbai | February 06, 2016 15:38 IST

Naresh Goyal, Chairman, Jet Airways said: "Jet Airways is rightly placed to participate in the fast growth in Indias aviation sector driven by the countrys strong economic fundamentals. As a network carrier we are committed to connect India to the world with our full service product, providing greater choice and world class travel experience to guests. The record profit and overall strong financial performance in this fiscal is a result of several initiatives undertaken for improving productivity and efficiency.

Jet Airways plans overhaul of management structure

India Infoline News Service | Mumbai | February 06, 2016 11:07 IST

Report says that chief commercial officer and a chief operations officer will be among senior executives to be hired.

MIAL CEO conferred with Distinguished Fellowship by the Institute of Directors

India Infoline News Service | Mumbai | February 06, 2016 10:09 IST

Mr. Rajeev Jain, CEO of Mumbai International Airport Pvt Ltd. as the Distinguished Fellow of IOD for the year 2016, in the presence of a distinguished gathering of business leaders and policy makers.

Jet Airways likely to post robust Q3 numbers

India Infoline News Service | Mumbai | February 05, 2016 21:17 IST

IIFL expects net revenue to spurt to Rs. 5,755 crore at 19.2% yoy and 9.5% qoq.

Cox & Kings Q3 cons net profit at Rs.106.7 crore

India Infoline News Service | Mumbai | February 05, 2016 14:35 IST

The total income for the quarter stands at Rs. 512 crore as against Rs.466 crore (YoY).

Aviation Newsletter - February 01 to 05, 2016

India Infoline News Service | Mumbai | February 05, 2016 13:33 IST

This week saw IATA released figures for global air freight markets showing cargo volumes measured in FTKs expanded 2.2% in 2015 compared to 2014. SpiceJet increases ticket cancellation charges and Jet Airways introduces in-flight entertainment streaming service. IIFL presents a weekly snapshot of all the major happenings in the aviation industry nationally and internationally.

AirAsia X now connects New Delhi direct to Kuala Lumpur

India Infoline News Service | Mumbai | February 05, 2016 13:00 IST

The inaugural flight D7183 operated by AirAsia X Berhad on an Airbus A330 departed on-time at 11.15 pm from Indira Gandhi International Airport last night and a press conference and celebration event was held today in the city to commemorate the entry of AirAsia X into northern India.

Cox & Kings Q3 net profit expected to dip

India Infoline News Service | Mumbai | February 04, 2016 23:02 IST

IIFL forecasts the companys net profit for Q3 FY16 to plummet to Rs. 33.8 crore, at 337.1% yoy and 71.5% qoq.

Aviation stocks end lower despite cut in jet fuel prices

India Infoline News Service | Mumbai | February 04, 2016 17:16 IST

A nearly 12% cut in aviation turbine fuel (ATF) by the state-run oil marketing companies (OMCs) failed to take aviation stocks higher today on the bourses.

InterGlobe Aviation nearing issue price; tumbles 4%

India Infoline News Service | Mumbai | February 04, 2016 15:26 IST

The stock has already fallen below its listing price of Rs. 865. Shares of the company got listed on BSE and NSE on November 10, 2015 and had shot up 14% on the debut.

Cathay Pacific and Dragonair introduce special Advance Purchase Fares to North America

India Infoline News Service | Mumbai | February 04, 2016 13:33 IST

North America is a key market for us and we are confident our passengers from all over India, especially from Chennai, Bengaluru and Hyderabad stand to benefit from these very competitive fares.

Aviation stocks crash despite ATF prices reduced

India Infoline News Service | Mumbai | February 04, 2016 13:20 IST

A nearly 12% cut in aviation turbine fuel (ATF) by the state-run oil marketing companies (OMCs) failed to take aviation stocks higher today on the bourses. Shares of Jet Airways, InterGlobe Aviation and SpiceJet are currently trading lower between 2-4% on BSE.

Spicejet tumbles 4%; to place a large aircraft order

India Infoline News Service | Mumbai | February 04, 2016 10:49 IST

We are in talks with aircraft manufacturers both Boeing Co and Airbus SASfor placing an order of significant size, Ajay Singh, chairman and managing director, SpiceJet was quoted as saying.

Air Freight growth slowed to 2.2% in 2015

India Infoline News Service | Mumbai | February 03, 2016 17:52 IST

The freight load factor (FLF) was at times the lowest for some years, falling to an average 44.1% compared to 45.7% in 2014, driven down by weak demand and capacity expansion.

Spicejet tumbles 5%; receives offers for equity stake purchases

India Infoline News Service | Mumbai | February 03, 2016 16:15 IST

The airline reportedly said that there is no need to dilute equity at this point.

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