Wednesday, January 2, 2013

IndiGo - fastest expanding airline in the world

IndiGo among the fastest expanding airlines globally

A list of top-50 airlines by CAPA has Jet Airways down by 7 spots

Jet Airways has slipped seven places to the 46th rank, while IndiGo has emerged as one of the fastest growing airlines in the list of biggest airlines of 2012 compiled by the Centre for Asia Pacific Aviation ( Capa). The report, released yesterday, determines the top-50 airlines based on deployed capacity.
The Naresh Goyal-led Jet Airways has been reducing capacity on both domestic and international sectors. It pulled out of two long-haul sectors, Johannesburg and New York, to cut losses. The airline has not launched any new international routes in the past few months and is yet to take a call on starting flights to Munich. Its plans to start flights to Manila, too, did not take wings.

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(first published in Business Standard on January 2, 2013)

Kingfisher - no cause for concern?

India's Kingfisher Airlines loses licence to fly

India's troubled Kingfisher Airlines has lost its permit to fly after a deadline to renew its suspended licence expired, the national aviation regulator said on Tuesday. The news is a fresh blow for the debt-laden carrier whose operations have been grounded since October after employees went on strike over unpaid wages.
"Kingfisher's flying permit has lapsed," Directorate-General of Civil Aviation chief Arun Mishra said.
"They failed to provide additional details on the funding of operations," Mishra added, referring to Kingfisher's revival plan submitted to the DGCA last month.
But the airline said there is no "cause for concern" as the rules allow for the renewal of a permit within two years of expiry.
"Kingfisher is confident of securing approval from the regulator on the restart plan, licence approval and reinstatement of its operating permit," its spokesman Prakash Mirpuri said in a statement late Monday.

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(first published in The Sydney Morning Hearald on January 2, 2013)