Indian domestic air cargo traffic has halted its sharp decline, with March figures showing a decline of only 2.4 per cent compared to nearly an 11 per cent drop in February, according to the Airports Authority of India (AAI). Overall, total freight traffic – international and domestic – handled at all Indian airports decreased by 4.5 per cent in March 2009 compared to the same month a year earlier. International freight traffic registered a decrease of 5.5 per cent … [Read more...] about INDIA: India’s air cargo free-fall bottoms out
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INDIA: Jet posts profit, more restructuring in store
Defying the global air cargo slowdown Jet Airways has posted a net profit of US$10.4 million for the fourth quarter ended 31 March on what it said was a result of improved international performance, effects of the restructuring programme and reduced fuel prices. During the quarter, Jet returned three B737-400s, discontinued some long-haul flights, discontinued its Cochin-Bahrain flights and introduced its Mumbai-Kuwait service. It leased two A330s to Gulf Air and three B777s to Turkish, and … [Read more...] about INDIA: Jet posts profit, more restructuring in store
INDIA: Paramount Airways starts Delhi service
Paramount Airways has announced the launch of daily flights from Chennai to Delhi effective immediately. The airline’s expansion into northern India follows the recent introduction of flights to Kolkata and northeast India. … [Read more...] about INDIA: Paramount Airways starts Delhi service
INDIA: Kingfisher to lease A340s to Airik Air
Kingfisher Airlines plans to lease out two of its five long-haul aircraft to Nigerian carrier Arik Air for two years from the third quarter, Dow Jones reported. “At present we are confirmed taking two of the Kingfisher A340s. We are still considering buying the third aircraft,†a spokesman for Arik Air said. … [Read more...] about INDIA: Kingfisher to lease A340s to Airik Air
INDIA: India’s newest carrier Deccan 360 takes flight
GR Gopinath, who revolutionised India’s aviation industry with the country’s first low-fare carrier Air Deccan, will begin operation of his new express delivery and logistics service this week, pitting him against global heavyweights DHL, TNT and FedEx. Gopinath’s new cargo and express logistics company, Deccan Express Logistics, will operate under the brand Deccan 360 and aims to offer end-toend express logistics services within India, and between India and … [Read more...] about INDIA: India’s newest carrier Deccan 360 takes flight
INDIA: Air India restructures, replaces MD
The Indian government has suggested sharp cutbacks in routes, changes in aircraft deployment and flight timings to reduce losses in National Aviation Company of India Ltd (Nacil) – the state-owned company that runs Air India. Apart from several domestic routes, operations on routes like London and Southeast Asia also need to be restructured, it said adding that it will make Frankfurt its operational hub. Nacil also announced that Ministry of Civil Aviation Joint Secretary and … [Read more...] about INDIA: Air India restructures, replaces MD