Syndicate Bank has entered into partnership with Srei Equipment Finance to jointly provide...
Tata Motors will supply 80 Electric buses to the West Bengal Transport Corporation (WBTC)....
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21-Aug2018
The air travel demand in India continues to be high with the domestic air passenger traffic registering a growth of nearly 21% in the month of July 2018. According to the Directorate General of Civil Aviation (DGCA) data, domestic airlines carried 115.57 lakh passengers in July, over to 95.65 lakh passengers carried in the same period last year. India is one of the fastest growing aviation markets in the world and has been registering double-digit growth for more than three years.
The data report also showed that the domestic air passenger count has rose 21.79% during January-July 2018. Indian airlines carried 800.40 lakh passengers during period under review as against 657.21 lakh during the corresponding period of previous year. Besides, in terms of passenger load factor (PLF), SpiceJet were leading among all with 93.8% PLF during the month of July 2018, followed by IndiGo (88.7%) and Go Air (87.2%).
In terms of on time performance (OTP), IndiGo topped the list with a figure of 85.5% followed by SpiceJet (80.6%). As per the data for July 2018, as many as 2,001 passengers were denied boarding while 14,045 people were affected by cancellations. Besides, delays of flights impacted 1,35,481 passengers. During July 2018, a total of 714 passenger related complaints had been received by the scheduled domestic airlines. The number of complaints per 10,000 passengers carried for the month of July 2018 has been around 0.62.
After the government announced Rs 48,239 crore capital infusion into 12 public sector banks (PSBs) in this fiscal to help them maintain regulatory capital requirements and finance growth plans, global......
In a bid to take public sector banks (PSBs) out of Reserve Bank of India's (RBI) prompt corrective action framework, the Finance Ministry has decided to recapitalise 12 PSBs with capital infusion of Rs......
The Commerce and industry ministry in its latest data has showed that in the first nine months (April-December) of current financial year (FY19) Foreign direct investment (FDI) into India contracted by......
Syndicate Bank has entered into partnership with Srei Equipment Finance to jointly provide financing for construction and farm equipment. Under the arrangement, Syndicate Bank would leverage on its low-cost......
Tata Motors will supply 80 Electric buses to the West Bengal Transport Corporation (WBTC). The company has already supplied 20 Ultra Electric 9/9m AC E-buses, with remaining 20 9/9m AC E-buses scheduled......
Bharat Electronics (BEL) and Hughes India have entered into a Teaming Agreement for design, development, supply, installation, integration and commissioning of Satellite Communication solutions for helicopters......