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Business

Akasa Air: Covid-19 pandemic the right time to start an ultra-low cost airline company?

Rakesh Jhunjhunwala, an Indian business magnate and stock trader recently announced plans to invest in the airline business by announcing a new ultra-low cost airline company called Akasa Air. His decision comes at a time when the aviation industry due to the pandemic has incurred significant losses and is continuing to do so. Airlines have […]

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Business World

Covid-19 Impact: Resurrection Of The Global Aviation Industry

The unprecedented pandemic brought a lot of uncertainty and loss across sectors worldwide, the brunt of it was felt by the aviation industry. The aviation industry came to a virtual standstill and entered survival mode due to exponential costs and limited to no revenue. The Air Transport Action Group (ATAG) reported that the industry would […]

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Business

14 flights cancelled as pilots report sick

India’s leading carrier Jet Airways cancelled 14 flights on Sunday after pilots reported “sick”. The carrier is financially strained and has not been making salary payments to its employees since August. It defaulted salaries to its senior management, pilots and engineers. Fourteen flights were cancelled due to some pilots reporting sick, and many were protesting […]