aviation industry – The News Desk

Flight schedule to normalise in 2-3 days: Vistara CEO Vinod Kannan | Company News

3Apr

By adminNo Comments

Business

Flight schedule to normalise in 2-3 days: Vistara CEO Vinod Kannan | Company News

Vinod Kannan, CEO, Vistara High pilot utilisation, combined with a portion of pilots taking sick leave at the end of March has resulted in the cancellations during the last couple of days, Chief Executive Officer (CEO) of Vistara, Vinod Kannan, said during a meeting with the pilots on Wednesday. According to sources, he thanked the pilots for accepting the new salary structure proposed as part of Vistara's ongoing merger with Air India. He assured them of numerous opportunities for growth and earning potential within the current airline and the combined entity, urging them not to worry. Kannan said the flight schedule is expected to normalise within the next 2-3 days. On Monday and Tuesday, Vistara was compelled to cancel over 100 flights, allegedly due to...

Settle issues with creditor Celestial Aviation Services: NCLT asks SpiceJet

The National Company Law Tribunal (NCLT) on Tuesday suggested that SpiceJet settle the issues with lessors that have sought initiation of insolvency proceedings against it. The tribunal's suggestion came against the backdrop of the crisis-hit carrier issuing shares in lieu of dues to nine aircraft lessors. On Tuesday, the NCLT was hearing a plea filed by Celestial Aviation Services Ltd, an operational creditor that had filed a plea to initiate insolvency proceedings against the airline. A two-member NCLT bench observed that the airline is settling with some of aeroplane lessors by converting debt into equity. "SpiceJet seems to be settling with other lessors by giving shares, Why don't you settle with these lessors as well?," the bench, comprising M M Kh...

DGCA imposes penalty of Rs 30 lakh on IndiGo for tail strike incidents

The audit highlighted the deficiency in the training and engineering procedure of IndiGo The Directorate General of Civil Aviation (DGCA) on Friday imposed a financial penalty of Rs 30 lakh on IndiGo airline for four tail strike incidents within a span of six months this year. The DGCA conducted a special audit of IndiGo to examine the company's documentation and procedures pertaining to the operations, training, engineering, and flight data management (FDM) programme. The audit highlighted the deficiency in the training and engineering procedure of IndiGo. The DGCA issued a show cause notice to the airlines, instructing them to submit their response within the specified timeframe. However, upon review at different levels, the provided reply was deemed un...