Daily Archives: September 28, 2011

Indian and global commercial aviation news briefing: September 28th

by Devesh Agarwal India top news SpiceJet passenger loads on Q400 flights exceeding expectations within a week of commencing serviceSources inside the airline have told Bangalore Aviation that the passenger load factors on their Q400 operations have smashed the airline’s expectations within the first week of travel itself. On almost all routes, the passenger load factors are exceeding the break-even …

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Dr. Mallya seeks to assure shareholders after media reports question Kingfisher financial viability

Over the last 15 days, Kingfisher Airlines has been savaged in the media (read articles here and here) based on a research report by analyst Neeraj Monga of Veritas Investment Research Corporation of Canada, which casts doubts on the airline’s viability. A report earlier today, in The Mint newspaper appears to be the straw that broke the camel’s back. The …

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Commercial Aviation News Briefing: September 26th

by Vinay Bhaskara India: Air India launches austerity drive Air India, in a move that defies its traditional profligacy, will be launching an austerity drive beginning October 1st. Rohit Nandan, Air India’s chairman, related in a memo that Air India will be enacting the following initiatives.Payments on reimbursements of entitlements and vouchers will be cut by 10%, in addition to …

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