Going ahead with their plans of restarting operations by summer months, Jet Airways has chosen Sanjiv Kapoor, who has headed revenue and strategy departments at SpiceJet and Vistara, to lead the new Jet Airways.
The airline company announced that Sanjiv Kapoor will be the CEO of the company and will join on April 4, 2022.
“I am certain he (Sanjiv) will be able to lead Jet Airways and make it become the most preferred full-service carrier of India. Sanjiv is a seasoned aviation professional who has the right blend and demeanour to stitch a team together."Murari Lal Jalan, Lead Partner, Jalan-Kalrock Consortium and Proposed Non-Executive Chairman, Jet Airways
Kapoor, who has been the Chief Operating Officer at SpiceJet and Chief Strategy and Commercial Officer at Vistara, resigned as president of Oberoi Hotels on Thursday, March 3.
Jet Airways, which is now promoted by the Jalan Kalrock consortium, had plans to restart operations during the first quarter of 2022 – that seems unlikely and the airline may begin operations by the summer months.
Jet Airways already has about 150 employees on its rolls and the airline is also speaking to vendors, including lessors, for the relaunch.
Kapoor would be the second top-level announcement at Jet Airways – the airline recently hired P P Singh as the accountable manager. Singh used to work with Jet Airways earlier and headed JetLite, a subsidiary of Jet Airways.
ALSO READ - Vipula Gunatilleka, former CEO of Sri Lankan Airlines, appointed as Jet Airways’ CFO
His appointment to the post also comes days after the airline brought in former Sri Lankan Airlines CEO Vipula Gunatileka as the chief financial officer.
Accepting his role as Jet Airways CEO, Kapoor said, even though the airline has been out of operation for three years, it still has a large fan base of loyal customers who miss it every day and can’t wait for it to take to the skies again.
“Working together with a very strong team of experienced aviation professionals that is being put together by the Jalan-Kalrock Consortium, I look forward to leading the charge in rebuilding Jet Airways into the most preferred customer-oriented airline once again, a people-focused airline for the digital age.”Sanjiv Kapoor, CEO, Jet Airways
Jet Airways already has about 150 employees on its rolls and the airline is also speaking to vendors, including lessors, for the relaunch.
ALSO READ - Jet Airways seeks debt settlement before resuming scheduled flights in early 2022
Jet stopped operating in April 2019, burdened under piling losses, debt and dues. It was admitted for insolvency proceedings by the National Company Law Tribunal in June 2019. After two years of a rambling insolvency process, the bankruptcy court approved JKC’s resolution plan in June 2021.
Jet Airways’ flying licence or AOP was made dormant, months after it stopped flying in April 2019 and the airline is in the process of renewing it.
Jet Airways may begin operations in the upcoming summer months.
Kapoor, a Wharton MBA, started his airline career with Northwest Airlines (now merged with Delta) in the US in 1997, where he worked in finance and corporate planning.
Kapoor, who had joined SpiceJet from Bangladesh-based GMG Airlines in November 2013, helmed the airline at a time of record-high oil prices and still helped reduction in losses by half and reach 23% market share before the cash crunch resulted in a severe crisis and eventual change of ownership.
At Vistara, Kapoor was responsible for strategy, network, marketing, product development and all other commercial functions, as well as key operating departments such as cabin services, ground services, and the operational control centre, was part of the airline’s growth from 9 to 45 aircraft.
Flag carrier Garuda Indonesia is negotiating the terms of its aircraft deals with manufacturers Airbus SE and Boeing, with the cancellation of the orders among the options, its chief executive officer told Reuters on Tuesday, March 1.
The step was taken based on consideration of the airline's short-term demand, CEO Irfan Setiaputra said.
Garuda's earnings have been hard hit by the pandemic, which forced the company to launch a major restructuring seeking to slash its debt to USD 3.7 billion from USD 9.8 billion.
While 737 MAXs might be a better fit for a domestic and intra-Asia regional operator than wide-bodied planes
"Hopefully we can get a win-win solution," Irfan said of the negotiations with the manufacturers.
Garuda is undergoing debt restructuring proceedings, known locally as PKPU after a vendor petitioned a Jakarta court over unpaid liabilities. Garuda has proposed converting part of its debt to equity, offering a debt haircut and a new coupon debt.
With Airbus, Garuda has outstanding orders for nine A330-900 jets and four A330-800s. Garuda has previously said it would cancel the remaining orders of Boeing 737 Max 8 following fatal crashes of the aircraft in Ethiopia and Indonesia.
Garuda Indonesia is negotiating the terms of its aircraft deals with manufacturers Airbus and Boeing, with the cancellation of the orders among the options
While 737 MAXs might be a better fit for a domestic and intra-Asia regional operator than wide-bodied planes, the USD 4.9 billion bills for the 50 MAX 8s on order and the 2018 Lion Air MAX crash just offshore from Jakarta has dampened enthusiasm for the plane at Garuda. The airline has taken delivery of one of the MAXs but wants to cancel the remaining 49.
Garuda also has an order with Airbus for 25 A320neo aircraft destined to fly for its low-cost subsidiary Citilink. Current reports indicate Garuda wants to keep that order in place. Irfan Setiaputra has previously stated he sees a restructured Garuda adopting a Citilink style operating model. There is no word on whether Garuda is trying to renegotiate terms on this order.
Garuda wants lessors to provide reduced rates and power-by-the-hour contracts for the planes it wants to keep.
The airline has said it would return more planes as it seeks to scale down its fleet to 66 from 142 before the pandemic.
According to the airline database ch-aviation.com, Garuda's current fleet consists of 117 planes, 99 of which are leased. According to the same database, Garuda presently has 30 lessors with aircraft. Garuda wants lessors to provide reduced rates and power-by-the-hour contracts for the planes it wants to keep.
Garuda aims to settle its existing debts with all lessors by issuing Islamic bonds. The ability to persuade the various lessors to accept this contract is critical to the restructuring process.
Some Operation Ganga flights to land at an airport near the Ukraine-Romania border
Union civil aviation minister Jyotiraditya M Scindia has organised the landing of some evacuation flights at an airport in a town close to the Ukraine-Romania border so that a significant number of Indian students are saved the almost 7-hour drive to the capital Bucharest.
Over the next three days, close to 5,000 students will be flown to India from Bucharest and the airport in the border town, Suceava.
The minister is in Romania as PM Modi-deputed special representative to Romania and Moldova to facilitate the evacuation of Indians from there. Just as he was speaking to the Indian media, an Indian Air Force C-17 Globemaster landed in Bucharest with relief material.
“I will be moving to the border crossing town on Thursday, March 3 afternoon (local time) and will remain there till every Indian student reaching here is safely brought home. Bucharest is about a 6.5-hour drive from the border. I have arranged for two flights on Thursday, March 3 and four on Friday, March 4 to land straight from India to Suceava from where some Indian students will fly home. The remaining will be brought to Bucharest and flown home from the capital. In all about 5,000 will be flown over Wednesday, Thursday and Friday."Jyotiraditya M Scindia, Union Minister of Civil Aviation (From the Bucharest airport)
“The Indian diaspora has been very helpful and they are assisting in every way right up to cooking for the Indian students coming from Ukraine after going through hardships. I thank the Indian embassy personnel and our ambassador to Romania, Rahul Shrivastava,” Scindia said.
The minister on Wednesday escorted Indian students to aircraft waiting to take them home. A young student was injured and Scindia made her sit on the front row of the Air India Dreamliner.IndiGo, SpiceJet and AI Express are among the Indian airlines operating Operation Ganga charters.
(With Inputs from The Times of India)
The total number of air passengers in the world will reach the four-billion mark in 2024, exceeding the 2019 pre-Covid level by 3%, global airlines body IATA said on Wednesday, March 2.
In 2021, overall traveller numbers were 47% of the pre-COVID level, the International Air Transport Association (IATA) mentioned. "This is expected to improve to 83% in 2022, 94% in 2023, 103% in 2024 and 111% in 2025,” it added.
International air travel expected to surpass pre-Covid levels in 2024
Meanwhile, international passenger traffic figures reached just 27% of 2019 levels. This is expected to improve to 69% in 2022, 82% in 2023, 92% in 2024, and 101% in 2025.
Asia-Pacific international traffic is expected to fully recover in 2025, reaching 68% of pre-COVID levels in 2022 due to the slow removal of travel restrictions, IATA predicted.
"People want to travel. And when travel restrictions are lifted, they return to the skies. There is still a long way to go to reach a normal state of affairs, but the forecast for the evolution in passenger numbers gives good reason to be optimistic."Willie Walsh, Director General, In 2021, International Air Transport Association (IATA)
IATA’s Director General Willie Walsh said the trajectory for the recovery in passenger numbers from COVID-19 was not changed by the Omicron variant.
IATA represents some 290 airlines comprising 83% of global air traffic.
In 2021, overall traveller numbers were 47% of the pre-COVID level
Iata’s forecast does not calculate the impact of the Russia-Ukraine conflict. In general, air transport is resilient against shocks and this conflict is unlikely to impact the long-term growth of air transport.
It is too early to estimate what the near-term consequences will be for aviation, but it is clear that there are downside risks, in particular in markets with exposure to the conflict.
United Airlines halts 2 Indian routes as it ends using the Russian airspace
United has temporarily suspended its daily Delhi-San Francisco (SFO) and Mumbai-Newark (EWR) flights as it stops overflying Russia in wake of the Ukraine crisis. The US carrier’s other two dailies — Delhi-EWR and Delhi-Chicago — are continuing as they do not overfly Russian airspace.
At this point, Air India — which still overflies Russia — is the only nonstop between Delhi and SFO and Mumbai and EWR. It will benefit Air India, as well as its aircraft, to continue to use the Russian airspace.
At present Air India, American Airlines and United operate non-stop flights between India and the US
Avoiding Russian airspace can add considerable flying time on routes between many destinations in Asia and North America.
At present Air India, American Airlines and United operate non-stop flights between India and the US. With other flights via West Asia and Europe also recording high occupancies, United's decision could lead to an increase in fares on the India-US route.
“United has temporarily suspended flying over Russian airspace to operate our flights to and from Mumbai and Delhi, India,” a United spokesperson told TOI.
United’s temporary but indefinite suspension will mean greater demand for Air India nonstops on the affected US routes
United’s temporary but indefinite suspension, say travel industry insiders, will mean greater demand for Air India nonstops on the affected US routes. American Airlines, on the other hand, is avoiding Russian airspace for flights between Delhi and New York by flying via a route to the south of Russia.
Air India had started the Delhi-SFO direct about six years back which became so popular with flyers that United also started flights on the same. Vistara is looking at starting India-US nonstops an announcement could be made in the coming days.
The US Federal Aviation Administration recently expanded the area in eastern Europe and Russia where US commercial airlines can’t operate — all of Ukraine, Belarus and a western portion of Russia.
Boeing has delivered the 12th P-8I maritime patrol aircraft to the Indian Navy on Wednesday, February 23. "This is the fourth of four additional aircraft delivered under the options contract signed by the Ministry of Defence in 2016," informed Boeing in its official statement.
The P-8I aircraft is a variant of the P-8A Poseidon aircraft that Boeing developed as a replacement for the US Navy's ageing P-3 fleet. In May 2021, the US State Department approved the proposed sale of six P-8I patrol aircraft and related equipment, a deal estimated to cost 2.42 billion dollars.
In November 2019, the Defence Acquisition Council, chaired by Defence Minister Rajnath Singh, approved the procurement of the long-range maritime surveillance aircraft manufactured by Boeing.
Boeing has delivered the 12th P-8I maritime patrol aircraft to the Indian Navy
Indian Navy became the first international customer for the P-8 aircraft with the conclusion of the nearly USD 2.1 billion contracts on January 1, 2009, for a total of eight aircraft. The first aircraft arrived in India on May 15, 2013. The order for four more aircraft was placed in 2016.
Ministry of Defence informed that the P-8I aircraft is equipped for long-range anti-submarine warfare, anti-surface warfare, intelligence, surveillance and reconnaissance in support of the broad area, maritime and littoral operations.
Its communication and sensor suite includes indigenous equipment developed by defence PSUs and private manufacturers. With its high speed and high endurance of about 10 hours, the aircraft is capable of thrusting a punitive response and maintaining a watch over India's immediate and extended areas of interest.
Indian Navy became the first international customer for the P-8 aircraft
The P-8I has a maximum takeoff gross weight of 85,139 kg, a maximum ceiling of a little over 40,000 feet, and can carry a crew of nine. With 12 P8Is in its fleet, the Indian Navy also has the support of Boeing Defence India (BDI), Boeing’s local entity in India, to offer services such as training the flight crew and providing spare parts and ground support.
Boeing Defence India, Boeing’s local entity, supports the Indian Armed Forces and is providing training to Indian Navy flight crews along with spare parts, ground support equipment and service support.
The P-8I aircraft replaced the ageing Soviet-era Tupolev Tu-142s and will form the mainstay of ISR missions, patrolling, coastline defence along the west coast after the IL 38SD aircraft are decommissioned.
The aircraft was also used in eastern Ladakh in 2020 and 2021
Earlier, in January, the Indian Navy decommissioned its first IL 38SD aircraft after the completion of 44 years of service. The IL-38 was inducted in 1977.
The first eight of these aircraft, INAS 312 are stationed at INS Rajali in Arakkonam, Tamil Nadu, on the eastern coast. The aircraft was also used in eastern Ladakh in 2020 and 2021, when the standoff with China was at its peak, to keep an eye on Chinese troops, armoured regiments and their movements.
The highly versatile airplane offers excellent maritime surveillance and reconnaissance and anti-submarine warfare capabilities and can assist during disaster relief and humanitarian missions.