The Indian National airlines, Air India has finally decided to purchase 21 Airbus 320 family aircraft, besides the existing delivery financing of three Boeing 777-300ERs.
The air India board has appointed ICICI Bank for the refinancing of loan to purchase 21 A320 at an estimated costs of Rupees 5,500-crore and approved delivery financing of three B-777-300ER aircraft and one GE-90 spare engines with US Exim support worth US$475-million.Citibank has been mandated for 85% while Standard Chartered for the remaining 15%.
The Air India Management also secured approval for dry lease of 10 Airbus A 320 aircraft to replace the aging fleet as well as dry leasing of two Airbus A 330 aircraft. Air India has been going through a rough phase and there have been demands to declare the Airline sick. Also Only recently Indigo airlines displaced it from the Second Position in the Indian aviation market.
Friday, January 21, 2011
Tuesday, January 18, 2011
Kingfisher Airlines and Jet Airways Retains Market Positions
According to the data released by the civil aviation ministry both Jet Airways and Kingfisher Airlines have retained their existing market dominance in the Indian airlines space for last month as well. Jet Airways and its no-frills low cost airline partner JetLite together have a market share of 26% share of the Indian aviation sector while Kingfisher Airlines stands at number two position with 20% market share in August, 2010. The third biggest market share has gone to Air India which has the share of 18% market share.
It is to be noted that the domestic traffic in Indian rose to 339.09 lakh passengers in august which is almost 19% increment over the respective period last year.
Indian airlines Industry is going to see major competitive practice by all the airlines on the back of robust demand due to economic growth as well as pending commonwealth games. Also there has been spurt in the demand for low cost airlines. Hence both Air India as well as Jet airways have decided to give a big push to the low cost no frills sector by announcing flight operations for the new sectors. Also International airline competition is getting hotter by the day with Air Asia, Emirates airline an Singapore airlines announcing greater presence in the Indian aviation sector.
Tags: Indian Airlines, Jet Airways, Kingfisher Airlines
It is to be noted that the domestic traffic in Indian rose to 339.09 lakh passengers in august which is almost 19% increment over the respective period last year.
Indian airlines Industry is going to see major competitive practice by all the airlines on the back of robust demand due to economic growth as well as pending commonwealth games. Also there has been spurt in the demand for low cost airlines. Hence both Air India as well as Jet airways have decided to give a big push to the low cost no frills sector by announcing flight operations for the new sectors. Also International airline competition is getting hotter by the day with Air Asia, Emirates airline an Singapore airlines announcing greater presence in the Indian aviation sector.
Tags: Indian Airlines, Jet Airways, Kingfisher Airlines
Tuesday, January 11, 2011
US asks Tickets portals to Disclose Airlines Information
The US authorities have issued a circular asking all the airlines Booking portals to specify in advance the airlines that will be boarded by the passengers for the Booked Tickets. The U.S. airlines and online travel portals have been given 60 days to comply with the new rules. The passengers would now be able to know which carriers will be flying them and hence be able to make informed online purchase and Tickets Booking.
The outcry over arbitrary airlines allocation came after the crash of a regional jet in 2009 near Buffalo in United states that killed all 49 people aboard the aircraft as well as one person on the ground.
The twin-engine plane was operated by Colgan Air, a unit of Pinnacle Airlines Corp, as a Continental Connection flight, resulting from code share agreement between both the airlines. The agreements called Third party Code shares are frequent with many regional affiliates in the market. But there exists huge disparity in Skills of the pilots, services and working conditions among major and regional players. The present law is to plug these safety issues. The step would have impact on all airlines Booking including Flights to India.
The outcry over arbitrary airlines allocation came after the crash of a regional jet in 2009 near Buffalo in United states that killed all 49 people aboard the aircraft as well as one person on the ground.
The twin-engine plane was operated by Colgan Air, a unit of Pinnacle Airlines Corp, as a Continental Connection flight, resulting from code share agreement between both the airlines. The agreements called Third party Code shares are frequent with many regional affiliates in the market. But there exists huge disparity in Skills of the pilots, services and working conditions among major and regional players. The present law is to plug these safety issues. The step would have impact on all airlines Booking including Flights to India.
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