27 Sep 2021

India Aviation Industry Newsletter 27 September

India-Canada direct flights to resume after gap of over 5 months India-Canada direct flights to resume after gap of over 5 months resumed today after a gap of 5 months due Covid-19 restrictions enabling Air Canada and Air India to resume routes to Toronto and Vancouver. Transport Canada said in a statement “Beginning at 00:01 EDT on September 27, direct flights from India can land in Canada with additional public health measures in place. Travellers must have proof of a negative COVID-19 molecular test from the approved Genestrings Laboratory at the Delhi airport taken within 18 hours of the scheduled departure of their direct flight to Canada.” Kempegowda International Airport (BLR) Upgrades Cargo and Ground Handling Facilities Kempegowda International Airport (BLR) Airport, has received a facelift, making it more appealing to the needs of modern-day life as air transport of people and goods becomes increasingly popular in the subcontinent. Read interview here with BIAL’s chief strategy and development officer Satyaki Raghunath. SpiceJet to transfer cargo and logistics business to subsidiary SpiceXpress Budget airline SpiceJet announced that it has received shareholder approval for transferring its cargo and logistics services business to its subsidiary, SpiceXpress and Logistics Private Limited on a slump sale basis valued at Rs 2,555.77 core. Managing Director SpiceJet Ajay Singh said “The shareholder approval paves the way for our long-term plans to take a concrete shape and will result in unlocking significant value for the Company and all its shareholders. The transfer of the logistics business to SpiceXpress will reduce SpiceJet’s negative net worth by Rs 2,555.77 crore and strengthen our balance sheet significantly. Post the transfer of the logistics business, the new company will be able to raise capital independently of SpiceJet to fund its growth. We have also received shareholder approval to raise funds through a QIP ensuring our long-term growth plans remain intact.” The Ministry of Civil Aviation increases airlines passenger capacity to 85% of pre-Covid domestic flights The Ministry of Civil Aviation announced increased the passenger capacity of airlines from 72.5% percent to 85% of their pre-Covid domestic flights. The order released by the Aviation ministry also stated that the fare band will only be applicable for 15 days and that the airlines are not required to stick to the fare band for the remaining 15 days of the month. Acumen Aviation © 27 September 2021 All Rights Reserved.