Go First Lenders Assume Control For Faster Resolution Plan

A large part of India travels by bus and rail. And taking advantage of the country’s significant leap in online train ticketing is Ixigo — including its subsidiary ConfirmTkt — which leads the way with nearly 50% market share of India’s online travel. 

Travel fintech start-up SanKash has observed a surge in travel bookings from September 8 to 10 as the capital city of New Delhi prepares for a scheduled closure for the G20 Summit. 

Antitrust watchdog Competition Commission of India (CCI) has approved Tata group’s plan to merge its full-service carriers Air India and Vistara. 

Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group conglomerate, industry sources said on Sunday.

Indian carrier Vistara reported its first-ever net profit for the quarter ending December 2022, according to statement from the airline on Monday.  

Air India has sealed a jumbo deal for about 500 new planes worth more than $100 billion at list prices, in what could become the single largest order by any airline as it seeks to reinvent itself under its new owners, industry sources told Reuters.

The Google pages of many hotels — including premier properties — in the Himalayan hill towns of Darjeeling and Kalimpong in West Bengal have been defaced for fraud ahead of the holiday travel rush. Anybody looking for hotels in Darjeeling using the search engine will come across prominent photographs containing the hackers’ phone numbers over a section displaying pictures of rooms and amenities. “We have been lately facing incidents where fraudsters are posting their mobile numbers with payment options to book not only our properties but also several others in the region. We are continually monitoring this and flagging all such posts as ‘spam’ for Google to review and have them removed,” said Viraj Oberoi, director of Elgin Hotels & Resorts, a luxury heritage hotels chain with properties in Darjeeling, Kalimpong and Sikkim. Cyber miscreants are removing hotel details and creating their own profiles with personal contact details, said Sandipan Ghosh, general secretary of regional travel trade body Eastern Himalayas Travel and Tour Operators’ Association. “Surprisingly, they’re also luring customers to pay in advance while knocking off the goods and services tax charge,” Ghosh said. In India, the goods and services tax on hotels range anywhere between 12-18 percent, depending on the pricing. Customers, while trying to book hotels online for Darjeeling, have been duped to pay advance amounts to bank accounts which don’t belong to the owners of the accommodations. “We’re in touch with the cyber cell department to track such incidents closely and take action accordingly,” Ghosh added. 

India has restored e-visa services for the nationals of Saudi Arabia wanting to visit the country with immediate effect, the Embassy of India in Riyadh, Saudi Arabia tweeted last week. The facility which had been available for five categories of travel — e-tourist visa, e-business visa, e-medical visa, e-medical attendant visa and e-conference visa — was suspended during the Covid-19 pandemic. The application and payment of fees are required to be made for a minimum of four days in advance from the date of travel and wait for the approval. For online filling and submission of the application, applicants need to visit the official website — indianvisaonline.gov.in. Earlier, Saudi Arabia had announced a few exemptions for Indian nationals to obtain a visa for traveling to the country as it looks to India as a key source market for tourism, especially with Saudi’s ambition to achieve 100 million visits annually by 2030. Saudi Tourism Authority during its recent delegation visit to India, featured a range of meetings, industry round-tables and networking events followed by two roadshows in Mumbai and Ahmedabad. Saudi Tourism Authority has also, commenced an official partnership with the popular cricket meet — Indian Premier League.

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Air India has become the latest entrant to hop on to the bandwagon of ChatGPT. Doing away with an outdated manual pricing system, the airline announced recently that it would be shifting to an algorithm-based software for setting airfares to extract more revenue from each flight. Its modern revenue management software continuously anticipates where people want to visit and how much each flyer is willing to pay, rather than the old method of having one fare for each block of seats — thereby ensuring higher revenue per flight. The airline will reportedly use GPT4 — the latest version of the revolutionary chatbot — to improve the FAQ section, pilot briefings, and more. Speaking at an event recently Air India CEO Campbell Wilson said that the use of the chatbot will not be “gimmicky”, but will be to actually enhance the airline’s functions. Last month, Air India partnered with cloud-based software company Salesforce to transform its customer experience. In another wheel of change under its new owner Tata, Air India is also testing ChatGPT to replace paper-based practices. “Frankly the system is almost so bad it’s good,” Wilson said, adding that this offered the chance to start from scratch rather than “jury-rig” existing architecture. The Tata Group is also integrating the Tata-related airlines, with the merger of Vistara with Air India and the integration of low-cost carriers Air India Express and AirAsia India. As part of its expansion plans, the Tata-owned airline last month had placed a record deal of 470 aircraft — 250 from European planemaker Airbus and 220 from U.S. aircraft manufacturer Boeing — at a list price of over $70 billion. 

A debate over market access was rekindled at an aviation event in India as foreign carriers seeking additional capacity to serve more routes in India feared the Tata Group-owned Air India’s rebirth and record order of 470 jets might capture most of the market. Dubai’s Emirates, Turkish Airlines and Kuwaiti carrier Jazeera Airways have all called for sharp increases in air traffic rights to and from India to meet demand. Vietnam and Indonesia also want more flights, an Indian official said. However, speaking to Reuters India’s civil aviation minister Jyotiraditya Scindia said the country has no plans to increase air traffic rights for the United Arab Emirates. He instead urged domestic carriers to fly long haul and help establish new hubs. “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 focus on international expansion. “We are not getting enough share from this market,” Turkish Airlines Chief Executive Bilal Eksi said. Dubai has requested an extra 50,000 seats a week on India routes while Kuwait’s Jazeera Airways said the current weekly allowance of 12,000 was inadequate and asked for the cap to be raised to 28,000 seats.  

The Indian government has advised telecom service providers to take precautions that minimize the interference of fifth generation (5G) networks — which allows for faster wireless speeds — in aircraft operations, including establishing safety and buffer zones and placing 5G towers near airports, according to a Press Trust of India report. Indian aviation watchdog Directorate General of Civil Aviation (DGCA) has not conducted any research on the potential impact of 5G signals on safe civil aircraft operations, according to VK Singh, minister of state for civil aviation. “However, DGCA has reviewed the studies/action undertaken by various countries during the launch of 5G on the potential interference of 5G C-band signals on radio altimeters installed on the aircraft and risk involved in air travel,” Singh was quoted as saying. He said there is a possibility of interference with radio altimeters, which could jeopardize safe airline operations. Concerns over the 5G network interfering with flights had been raised internationally. U.S. aviation regulator Federal Aviation Administration had warned last year that potential interference could affect sensitive airplane instruments such as altimeters and impact on low-visibility operations. Last month, the International Air Transport Association (IATA) had also expressed concern that many airlines would not be able to retrofit their planes to handle new 5G wireless technology in time for the peak summer travel season.