Category Archives: Aviation

Airports need to attract more non-stop, long-haul services: CAPA India

In its webinar, ‘Reinventing the Airport Business Model in India’, CAPA India said that the current crisis must force a re-think and re-invention of the airport business model over the next five years. To increase aero and non-aero revenue, airports need to attract more non-stop, long-haul and wide-body services. Post-COVID, passengers may prefer non-stop flights instead of flights via a hub. CAPA India also talked about the need to reinvent the approach to route development, which should be more holistic and include forward bookings, travel search trends, consumer survey and travel trade research. 

Read More »

Travellers holding on to Indian bookings: ForwardKeys

Latest data on future bookings to India by ForwardKeys suggests that whilst there is no upward surge in tickets for November, travellers are generally holding onto their tickets. Ticketing history also tells the same story. Olivier Ponti, VP Insights says, “Bookings are flat as we can see a ‘wait and see attitude’ taking place, however, we expect the situation will evolve when people get more clarity regarding travel restrictions.”

Read More »

Complexity in setting up travel bubbles, need to assess the risks: Mario Hardy

Dr Mario Hardy, CEO, PATA, has said that, while travel bubbles and green corridors are a great idea, but there is a lot of complexity involved in setting them up. “It is not a simple task. There are bilateral agreements involved between the two countries. It’s not only the immigration department involved but also health departments and ministries of health of the respective destinations. However, the countries need to agree to have enough trust in the healthcare system of the respective destinations to allow people to travel across their borders.”

Read More »

Airlines lose cash influx with consumers using travel vouchers

IATA has reported that intra-EU passengers have used many vouchers, issued since mid-March 2020 in lieu of refunds, to pay for travel between 15-Jun-2020 and 15-Jul-2020. Airlines are now incurring the deferred cost of transporting these passengers against limited or zero new revenues. IATA stated, “Whilst the issuance of vouchers helped decelerate cash burn a few weeks ago, their use will now accelerate cash burn in the coming months’. The data is based on IATA’s Billing and Settlement Process, which underestimates the use of vouchers because it does not record vouchers as exchanges in all cases.

Read More »

MoCA offers single-window clearance to speed up investment

Ministry of Civil Aviation (MoCA) has set up a single-window clearance mechanism to expedite various investment proposals in the domestic aviation industry. “MoCA has an Investment Clearance Cell (ICC) for prompt assistance and clearance,” the ministry mentioned in a tweet recently. According to MoCA the setting up of the ICC was announced by Finance Minister Nirmala Sitharaman in 2020-2021 Union Budget in February this year. The cell was also set up following an order from the Department of Promotion of Industry (DPIT) on July 1 in this regard. The 10-member ICC will be headed by Amber Dubey, Joint Secretary, MoCA. The ICC has been mandated to serve as a single-window system for attracting investment and its terms of reference include accelerating investments, bringing projects to the Empowered Group of Secretaries (EGoS) which require special incentive, policy interventions, expeditious clearances and systematic references, among others, the MoCA order said.

Read More »
error: Content is protected !!