Air India will add domestic flights, plans more Boeing 787 flights to Gulf
Posted on 17th March 2015 |
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| Air India is cutting down on flights to loss-making foreign routes and ramping up its domestic network in its summer schedule. Air India deploys its Airbus A320 fleet both on domestic and Gulf routes. The airline operates about 15 flights daily to Gulf sectors using the A320 planes. Over the next few months, Air India will be replacing all its A320-operated Gulf routes with Boeing 787 planes. “Currently, the Airbus A320 fleet utilisation is about 10-11 hours. The A320 aircraft will now be flown only on domestic routes and few South Asian routes. This will enable us to add more flights and routes within India. We plan to increase our domestic capacity in the summer schedule,” the spokesperson added. The carrier has about 60 Airbus A320 type planes but is utilising only 52-53 of these as the others are under maintenance and overhaul checks. It is also taking five A320 planes on lease. Air India had a domestic market share of 18.7 per cent in January and aims to increase the share by adding more flights. The airline is also reducing flights on foreign routes like Delhi-Moscow and Delhi-Rome-Milan. The Australia route is reporting loads of 80-85 per cent. The Boeing 787s freed up as a result of reduction in flights will be flown on Gulf routes. Air India has 19 Boeing 787s now and will be inducting two more by June-end. Air India is aiming to increase revenue by 10 per cent with additional domestic flights and increasing occupancy in its premium cabins. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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