DIRS.INFO The most relevant business & tech news

"We always said we will win the heartland states," BJP President Jagat Prakash Nadda told Reuters. However, a 28-party opposition alliance led by the Congress party has come together to jointly fight BJP, posing a new challenge. But the alliance did not feature in the state polls due to internal rivalries and it was a direct contest between BJP and Congress. Politicians and analysts say state elections do not always influence the outcome of the general elections or accurately indicate national voter mood. Results of the last round of state elections before national elections have been misleading in the past.

Persons: Stringer, Narendra Modi, Modi, Rahul Gandhi, Jagat Prakash Nadda, Jyotiraditya Scindia, Gandhi, Supriya Shrinate, Gurmeet Chadha, Ira Dugal, Lincoln, Christopher Cushing Organizations: REUTERS, DELHI, Bharatiya Janata Party, BJP, Telangana, Reuters, Developmental, Congress, Thomson Locations: Madhya Pradesh, Indore, India, Rajasthan, Chhattisgarh, Telangana, Karnataka, Mizoram, Mumbai

NEW DELHI/PARIS, June 20 (Reuters) - Record plane orders by India's top two carriers show the country's untapped potential for air travel and its rise as an aviation superpower, but recent airline failures and rows over regulations suggest progress may not be smooth. A day later, rival Air India firmed up an order for 470 Airbus and Boeing (BA.N) aircraft that, until Monday, had been the industry leading plane deal. LEASING CONCERNSBut while the opportunity in India is big, so are the risks, says Ameya Joshi, an independent aviation analyst. Leasing companies warn that restrictions on repossessing their assets in case of defaults will drive up costs for all Indian airlines - even for IndiGo and Air India. It will eventually help Indian airlines by lowering risk and moderating lease rental costs," said Joshi.

Persons: India's, Jyotiraditya Scindia, planemakers, Ameya Joshi, Joshi, Aditi Shah, Tim Hepher, Joanna Plucinska, Mark Potter Organizations: NEW, Paris, Airbus, Air India, Boeing, Air, CAPA India, planemakers, IndiGo, lessors, Thomson Locations: NEW DELHI, PARIS, Air India, India, New Delhi, outdoing U.S, Paris

☆ India is now the most populous country in the world. And it’s ready to become a tourism force
▼ + stars: | 2023-06-13 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +9 min

A series of bold investmentsExperts say much of India’s outbound growth trajectory is being driven by improvements in infrastructure and an expansion in its aviation sector. Morgenshtern says the rise in outbound tourism from India is the result of investment not just by the government but by private airlines as well. Air India, for example, is fully owned by Indian conglomerate Tata Sons. As part of its efforts to expand its offerings, the company announced earlier this year it will be operating flights under both the Air India brand and Air India Express, having previously merged the latter with Tata’s other low-cost airline, AirAsia India. In February, Air India purchased nearly 500 new planes, the most ever bought in one order by a single airline.

Persons: Omri Morgenshtern, it’s, Gary Bowerman, It’s, Delhi’s Indira, Morgenshtern, Indira, Bowerman, Jyotiraditya Scindia, ”, “, Matthew Micah Wright, ” Morgenshtern, Arun Sankar, ” Bowerman, there’s Organizations: CNN, Reuters, Times, National Capital, Delhi’s Indira Gandhi International, Indira Gandhi International, Creative, Imaging, Air India, Tata Sons, Air India Express, AirAsia India, India, LCC, ”, Tata, US . Air India, Indigo, Civil Aviation, CAPA India Aviation Summit, Bank Locations: India, China, Noida, Jewar, Uttar Pradesh, Times of India, Delhi, Western Uttar Pradesh, Asia, ., India’s, Europe, Africa, Morgenshtern, France, Switzerland, Thailand, Malaysia, Indonesia, An, Vietnam, Southeast Asia, Singapore, Japan, Korea, Taiwan, Air China, Beijing, Shanghai, China Southern, Guangzhou, Northeast Asia

☆ India's travel industry may not overtake China soon but there are still 'massive' opportunities
▼ + stars: | 2023-03-24 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +5 min

Nurphoto | Nurphoto | Getty ImagesIndia's airline industry may be on a strong growth trajectory — but don't expect India's outbound travel to overtake China's soon, aviation analysts say. "The gap between China and India is huge," Lalitya Dhavala, valuations consultant at travel analytics firm Cirium told CNBC. India's robust growth trajectoryThe analysts agree there's potential for growth in India's domestic and international travel market. In comparison to China, India has a larger share of young adults, with 40% of its population under 25 years old, Dhavala said. Late last year, Indian conglomerate Tata Group announced that Vistara will merge with national carrier Air India by March 2024.

Airbus and Boeing have both highlighted the scale and technology of existing investments in India, playing down the significance of final passenger jet assembly. Boeing said it buys $1 billion a year in parts and services from India, while Airbus said it buys $700 million. "There's a desire in every country to have as much manufacturing as possible ... and final assembly is a desire that you see all around the world," Salil Gupte, president of Boeing India, told Reuters. "The volumes that you would require for final assembly on the commercial part of the business are just far, far greater," he said. "Even without the C295 FAL, the Airbus industrial footprint in India already generates more foreign exchange value and jobs for the country than any modern assembly activity would," said Remi Maillard, president of Airbus India & South Asia, by email.

[1/2] An Air India Airbus A320 plane is seen at the Boryspil International Airport upon arrival, amid the coronavirus disease (COVID-19) outbreak outside Kiev, Ukraine May 26, 2020. "India is now at that inflection point," Scindia said during an interview at his office in New Delhi. "We are going to see an explosion of air traffic in India in the years to come," he said, adding he wanted domestic carriers to look at international expansion with greater focus. Air India last month placed a record order for 470 jets and is making an aggressive push in the international market. Scindia said India was not looking at increasing air traffic quotas with Gulf states and instead wanted Indian carriers to offer non-stop long haul flights on larger planes.

[1/2] Air India passenger aircraft are seen on the tarmac at Chhatrapati Shivaji International airport in Mumbai, India, February 14, 2023. Current limits on the amount of flying allowed between India and many markets date back to heavy losses at Air India around the beginning of the last decade, analysts said. "We are not getting enough share from this market," Turkish Airlines Chief Executive Bilal Eksi told the CAPA India conference. "I think it's about time that our carriers looked at the international market with greater focus. Other analysts noted India is not alone in making use of a post-war system of air traffic agreements to aid development.

☆ India to boost aviation infrastructure as demand booms
▼ + stars: | 2023-03-20 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, March 20 (Reuters) - India outlined plans on Monday to invest billions of dollars in airports, aircraft and recruitment as the world's fastest-growing economy seeks to meet booming air travel demand. Growth will include new airports, more regulators and air traffic controllers, and new flying schools, Civil Aviation Minister Jyotiraditya Scindia told an industry audience. "We need to put in place the civil aviation infrastructure and capabilities that by 2047 would be able to support a $20 trillion economy within India," Scindia told the CAPA India Aviation Summit in New Delhi. Where at one point we did not have passengers to fill our airplanes ... now we do not have enough airplanes to fly our passengers," Scindia said. Consultancy CAPA India expects at least 1,300 more orders from Indian airlines in the next 1-2 years, weeks after Air India announced a record order for 470 jets.

☆ India boosts facilities at Delhi airport to ease year-end travel congestion
▼ + stars: | 2022-12-15 | by ( Tanvi Mehta | ) www.reuters.com time to read: +2 min

Passengers queued for hours to pass through check-in and security at the main domestic and international terminal of Indira Gandhi International Airport in Delhi, leading to some flight delays. "In the last 24 to 36 hours, all agencies have swung into action to mitigate congestion at every checkpoint at all major airports. Congestion at entry points and check-in counters at T3 has eased," Scindia said in a post on LinkedIn. Like in other countries, air travel in India has picked up as COVID-19 restrictions have eased. The congestion at Delhi airport prompted India's biggest airline IndiGo (INGL.NS) to ask passengers to arrive at Delhi airport for check-in at least 3-1/2 hours before their flight, instead of the usual two hours.

Search resuls for: "Jyotiraditya Scindia"

9 mentions found