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Air India discontinues full-service carrier at Imphal, low-cost subsidiary to continue ops
Economic Times
·
1m ago
Medial
Air India has stopped its full-service operations at Imphal International Airport from June 15, as part of a strategic realignment by the Tata Group. However, AI Express, its low-cost subsidiary, will continue to operate, ensuring ongoing air connectivity. This decision is unrelated to any recent incidents, according to airport officials. Historically, Air India has played a significant role in connecting Imphal to major cities in India.
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Indigo's Foreign Flex
Business Today
·
3m ago
Medial
In the latest Business Today Magazine issue, a high-stakes rivalry unfolds between IndiGo's evolving hybrid model and Air India's full-service approach. Under CEO Pieter Elbers, IndiGo, once a domestic low-cost carrier, is expanding internationally, challenging Air India's long-haul market dominance. By connecting smaller Indian cities and exploring international routes, IndiGo aims to adapt its low-cost model for premium travel, highlighting its ambitious global strategy amidst India's booming aviation growth.
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Air India's Phuket expansion: A direct challenge to IndiGo's dominance
Livemint
·
1y ago
Medial
Air India is expanding its international network with new flights to Phuket, Thailand, from December 15, 2023. The airline plans to increase its frequency to daily service from January 8, 2024. With this move, Air India aims to challenge IndiGo's dominance in the Delhi to Phuket route. The expansion is in line with Air India's strategy of regional growth and balancing its full-service and low-cost offerings. The airline is also taking advantage of Thailand's visa-free travel policy for Indian tourists.
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New Era in Indian Aviation: 3 Innovative Airlines to Launch
YourStory
·
4m ago
Medial
India's aviation sector is set for a significant change with the launch of three new airlines: Air Kerala, Shankh Air, and Alhind Air in 2025. Shankh Air will be Uttar Pradesh's first full-service airline, Air Kerala will offer ultra-low-cost flights focused on Kerala, and Alhind Air will focus on regional commuting initially. These airlines aim to enhance connectivity, service quality, and competitive pricing in a market dominated by two main players.
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Two years of Akasa Air: Where does the airline stand? | Mint
Livemint
·
1y ago
Medial
Akasa Air, the only remaining airline in Mumbai, recently completed its second year of operations amidst the challenges posed by the pandemic and Boeing's delivery issues. The airline faced some setbacks including pilot issues and a court case, but managed to overtake SpiceJet in domestic market share. Akasa Air has expanded its presence in Mumbai and Delhi, focusing on newer destinations like Pune and Goa while scaling back operations in Tier II cities. Despite facing certain obstacles, the airline has shown potential and aims to become the only low-cost carrier in India with a single class of service and aircraft type.
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Overseas air traffic up 13% in April-June, domestic airlines gain | Mint
Livemint
·
11m ago
Medial
The number of international passengers flying to and from India increased by 13% in the April-June quarter, reaching around 17.7 million passengers. This drove the share of domestic airlines in overseas traffic higher. Low-cost carrier IndiGo had the largest individual share of international traffic at 18.3%, followed by Air India with a 12.3% share. Overall, Indian airlines expanded their share of total overseas traffic to 45.6%, while the share of foreign airlines decreased to 54.4%. The increased demand for air travel is not limited to metros and is also seen in tier-2 cities in India.
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IndiGo’s new business class ’Indigo Stretch’ to take off in November; Delhi-Mumbai fares start at ₹18,018 | Mint
Livemint
·
1y ago
Medial
IndiGo has announced the introduction of its business class product, #IndiGoStretch, on the Delhi-Mumbai route. Bookings will be available starting from August 6 for travel beginning on November 14. This move marks a significant shift for the low-cost carrier, as it ventures into the premium services segment. The CEO of IndiGo, Pieter Elbers, also revealed plans to launch a customer loyalty program called 'IndiGo BluChip'. IndiGo will be offering business class seats on 12 domestic routes, targeting busy and business-oriented routes. Other airlines in India currently offering business-class seats include Air India, Air India Express, and Vistara.
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Angel One enters mutual fund market with SEBI approval
YourStory
·
8m ago
Medial
Angel One has received approval from the Securities and Exchange Board of India (SEBI) to begin mutual fund operations. Its subsidiary, Angel One Asset Management Company, will act as the asset management company for Angel One Mutual Fund. The mutual fund will focus on passive investment solutions, offering low-cost and transparent products such as index funds and ETFs. Angel One aims to make financial products more accessible and affordable for a new generation of investors in India. The company is a leading retail full-service broking house in the country.
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‘No delays here!’ — IndiGo hits back at AirHelp for ranking it among world’s worst airlines | Company Business News
Livemint
·
8m ago
Medial
Low-cost carrier IndiGo has dismissed claims made by AirHelp, an EU claim processing agency, about its low punctuality scores. The survey compared major airlines and rated them based on punctuality, quality of service, and claims handling. IndiGo stated that the survey did not disclose the sample size from India and questioned the methodology and compensation guidelines used. The airline has consistently scored high on punctuality and has the lowest customer complaint ratio for its size. Despite this, IndiGo reported a net loss of ₹986.7 crore in the July-September quarter.
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AIESL eyeing business deals from foreign carriers
Thehindubusinessline
·
1y ago
Medial
Government-owned AI Engineering Services Ltd (AIESL) is in talks with foreign carriers to provide maintenance checks on their aircraft. A decade ago, AIESL was established as a subsidiary of Air India to offer engineering services to the national carrier. Over 50% of its current business comes from servicing Air India's aircraft. AIESL is currently expanding its capabilities and has recently obtained approvals to carry out checks on Boeing 737 Max aircraft. It is also conducting fresh hiring to accommodate new contracts it expects to finalize within a couple of months.
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SpiceJet to raise up to ₹3,000 crore via QIP | Mint
Livemint
·
1y ago
Medial
Budget carrier SpiceJet's board has approved raising up to ₹3,000 crore through a qualified institutional placement (QIP). This move comes as a relief for the low-cost airline, which has faced financial and legal challenges due to the Covid-19 pandemic. SpiceJet's market share and fleet size have declined significantly in recent years. The airline reported a consolidated net loss of ₹423.7 crore for the full financial year ending March 2024, compared to ₹1,513 crore the previous year. SpiceJet has been involved in legal battles over unpaid dues and is facing contempt notices.
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