SpiceJet reported a net loss of around US$80 million (INR 593.4 crore) in the first quarter of FY21 (April to June 2020) as flight operations were suspended for the most part due to the nationwide lockdown. Operating revenue flopped 83 percent to around US$70 million (Rs 514.7 crore) compared to the same period in 2019, as passenger demand remain subdued. Whilst Covid-19 affected passenger numbers, the carrier doubled down on its cargo operations using its dedicated fleet of freighters and … [Read more...] about SpiceJet posts quarter net loss as cargo revenue more than doubles
India
Allcargo Logistics hails team members for showing exemplary commitments to keep the operations running during COVID-19
Allcargo Logistics, one of India’s biggest integrated logistics services providers and the global leader in LCL consolidation has announced that its teams in various divisions are showing an exemplary commitment to serving the nation. The continuous operations by team members across divisions are undertaken with necessary precautions and permissions during the COVID-19-induced nationwide lockdown. Team members of the projects and equipment division, Mumbai CFS, Mundra CFS, Chennai CFS, ONGC … [Read more...] about Allcargo Logistics hails team members for showing exemplary commitments to keep the operations running during COVID-19
Air Astana expands services to India
Air Astana, Kazakhstan’s award-winning flag carrier, will launch services between Almaty and India’s commercial centre, Mumbai on 1st June 2020. Flights will be operated four times a week using Airbus A320, with a sector time of 4.5 hours in each direction. On Mondays and Tuesdays, flights will depart Almaty at 07.05 local time and arrive in Mumbai at 11.05 local time, with return service from Mumbai departing at 12.05 and arriving in Almaty at 16.55 local time. On Thursdays and … [Read more...] about Air Astana expands services to India
Multi-Skill Development Centre of Allcargo Logistics accredited with 5 star grading
The Multi-Skill Development Centre of Allcargo Logistics, India’s largest end-to-end private sector logistics solutions provider, has been accredited with the 5 star category by the National Skill Development Corporation (NSDC). The Centre operates under the Pradhan Mantri Kaushal Kendra (PMKK) model and Pradhan Mantri Kaushal Vikas Yojana (PMKVY) flagship scheme of the Union Government’s Ministry of Skill Development and Entrepreneurship (MSDE). Around 450 students had enrolled at … [Read more...] about Multi-Skill Development Centre of Allcargo Logistics accredited with 5 star grading
Munich Airport reports 10th consecutive record-setting year passenger figures
In 2019, Munich Airport’s total traffic increased by 1.7 million, or 4 percent, to 47.9 million passengers. That was the largest increase posted by any German airport last year. For the Bavarian hub, this result represents the tenth consecutive record-setting year for total passenger traffic. The number of take-offs and landings was up by around 1 percent to over 417,000 aircraft movements. Airlines substantially increased the number of destinations served especially in the intercontinental … [Read more...] about Munich Airport reports 10th consecutive record-setting year passenger figures
Pratt & Whitney appoints new MD for India
Pratt & Whitney, a division of United Technologies Corp. (UTX), announced the appointment of Ashmita Sethi to the position of Managing Director for India. As Pratt & Whitney’s senior-most in-country leader, Ms. Sethi will provide strategic direction for the Company’s growth and business goals in India, and o drive all of Pratt & Whitney’s operations in India, including customer relations and support, the company’s Customer Training Centre in Hyderabad, .Communications … [Read more...] about Pratt & Whitney appoints new MD for India