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India Aviation Industry Newsletter 30 April

India Aviation Industry Newsletter 30 April

AAI inks performance MoU with civil aviation ministry

The Airports Authority of India (AAI) has signed its Annual Performance Contract (APC) for the year 2018-19 with ministry of civil aviation. The MoU specifies various parameters and targets to be performed by AAI during the year. The parameters and targets include all the major areas of AAI i.e. finance, capacity utilization, research and development, project implementation, HR and cargo etc.

AirAsia India carries 74% more passengers in Q1

AirAsia India said its load factor dipped by 6 percentage points to 83 per cent in the first quarter of 2018 and attributed the same to an 87 per cent ramp up in capacity. The airline carried 1.47 million passengers, which is an increase of 74 per cent over the same quarter in 2017, the company said in a statement.

Chennai airport slashes user development fee

The Chennai airport will be charging just Rs 69 per passenger as user development fee (UDF) from May 1. This is a steep reduction from the present Rs 166 for domestic passengers and Rs 667 for international passengers. However, experts say the airlines may not immediately pass on the benefit by lowering the fares due to increasing fuel prices. The Airports Authority of India (AAI) has reduced fees in wake of the Airports Economic Regulatory Authority of India passing an order saying that the user development fee is reduced from May 1, 2018.

Dassault Aviation tours India to promote industrial partnership opportunities

Dassault Aviation held its first executive committee meeting in New Delhi last week, signalling the importance of building an industrial partnership in India, the aircraft builder said April 23. “The gathering of the committee illustrates the company’s commitment to pave the way towards building up an Indian aero-defense manufacturing ecosystem, matching the highest standards in this field and positioning India as an industrial supplier reference in the global aerospace market,” the company said in a statement.

Emirates Airline eyes expansion in Iran, India

In India, Emirates currently has a capacity of around 55,000-60,000 seats as India’s aviation market remains protected by its government that advocates local carriers. Authorities from the UAE and the Indian governments are involved in talks about boosting that capacity of UAE-based airlines into the subcontinent, given the strong demand for flights there. Shaikh Majid Al Mualla, divisional senior vice-president of commercial operations at Emirates said “Even if we get another 20,000-30,000, that would be suitable. We’re asking for more than that, but for now, if we manage to get 20,000, that would be good.”

Manufacturing Of Passenger Aircraft In India A Priority, Says Civil Aviation Minister Suresh Prabhu

Civil Aviation Minister Suresh Prabhu said that manufacturing of passenger aircraft and aviation equipment under the “Make in India” programme will be one of his top priorities. “Manufacturing of aircraft in India will be one of the priorities because we will be buying a large number of aircraft over a period of time so ‘Make in India’ programme can actually benefit,” the minister said after he chaired a meeting of airline industry stakeholders, including CMDs of different airlines.

SriLankan Airlines offers Colombo-Hyderabad daily services

SriLankan Airlines has added two more flights per week to Hyderabad and now offers a daily flight to Colombo and onward connectivity to other destinations. Currently, it operates 145 flights per week to India across 14 destinations. Chammika Iddagodage, Manager for SriLankan Airlines, in Telangana and Andhra Pradesh, said, “India is SriLankan Airlines largest market for holidaying, conferences and even onward connectivity to various locations in Middle East, Far East and lately to Melbourne, which we started late last year.”

Vistara joins global airline lobby IATA ahead of launching international operations

Vistara, has joined the 280-member strong global airlines body IATA, ahead of plans to launch international operations by the second-half of the year. Up until now, only two Indian carriers – Air India and Jet Airways – were part of the International Air Transport Association (IATA), whose members represent as much as 83 percent of the total air traffic across 120 countries. Membership will enable Vistara to collaborate with other international member airlines for so-called codeshare and interline agreements, and provide customers with seamless travel through an extended global network, the airline said in a release.

Yuvraj Singh Backed Uber-of-Sky Startup JetSetGo Acquires India’s Oldest Aircraft Operator

Delhi-based JetSetGo, an aggregator of India’s available private jets and helicopter for private jets, helicopters and air ambulance announced the acquisition of Indo Pacific Aviation Limited for operations in India. Indo Pacific Aviation Limited is the country’s oldest non-scheduled aircraft operator (NSOP). Domestic private aviation business is set to grow multi-fold to Rs 5,000 crore by 2020 from Rs 1,800 crore in 2015, on the back of rising popularity for such services in non-metro markets, said a report.

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