Wednesday , 28 July 2021

Monthly Archives: February 2012

Government’s Air India bailout can feed ALL hungry Indians for a year

I recently came across an article by noted Indian journalist T.N. Ninan, titled “Do-gooder economics and the Lokpal“. It got me thinking; by most economic logic, national carrier Air India should have been wound up ages ago. The carrier has annual losses crossing $1.4 billion (Rs.7,000 Crore) and accumulated debt now approaching $10 billion. Now, the government wants to inject …

Read More »

Financial troubles put Kingfisher Airline’s entry in to oneworld on indefinite hold

With just one week to go, Kingfisher Airline’s entry in to oneworld has been put on “indefinite hold”. An official statement released a few minutes ago, says India’s Kingfisher Airlines and oneworld® today agreed to put the airline’s entry into the alliance on hold to give it time to strengthen its financial position. Quoting oneworld CEO Bruce Ashby “These are …

Read More »

Southwest Airlines reveals initial 737-800 operational details

US low cost carrier Southwest Airlines has released some of the details of the planned initial utilization of their new fleet of Boeing 737-800 aircraft. Southwest’s first two 737-800s (out of 73 that were ordered), will enter service on April 11, 2012. These aircraft will come equipped with the new Boeing Sky Interior that features larger windows, mood lighting, and …

Read More »

airberlin and NIKI to join oneworld alliance from 20 March

German carrier, airberlin will become a full member of the oneworld® alliance with effect from Tuesday 20 March 2012. Austrian airline NIKI, also a member of the airberlin group, will join oneworld at the same time as an affiliate member. airberlin received its green light to board oneworld after successfully completing a thorough review of its readiness conducted by British …

Read More »

2011 gives airlines mixed signals. Passenger traffic up 5.9% but freight contracts 0.7%

The International Air Transport Association (IATA) reported that full year 2011 passenger demand rose 5.9% compared to 2010, in line with long-term growth trends. In contrast, cargo markets contracted by 0.7% for the year. Growth in demand lagged behind capacity increases at 6.3% for passenger and 4.1% for cargo putting downward pressure on load factors and fares. The average passenger …

Read More »

AirAsia group struggles onwards in India

Vinay Bhaskara and Devesh Agarwal When Malaysian budget carrier AirAsia X announced last week that it would be ending service to Mumbai, Delhi, London, and Paris earlier this month, industry analysts seized on the occurrence as a repudiation of the long haul, low-cost business model. AirAsia X, an offshoot of Southeast Asian behemoth AirAsia, operated 377 seat Airbus A330-300s to …

Read More »