x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   Karra criticizes Omar Govt for not fulfilling promises | After calling him BJP’s proxy in elections, Mehbooba shows sympathy for Er Rashid | CM Omar meets Home Minister Shah, discusses J&K statehood restoration, other issues | CBI books Chief Engineer of USBRL project for ‘bribery’ | Omar maintains silence on INDIA bloc’s future | GOC Sachdeva reviews ‘hostile activities’ along LoC | Don’t take exam pressure just challenge yourself: PM Modi tells students | Strong India can work for better world order: Rajnath Singh | Kashmiri Mathematician unveils India’s first solar car | Fire guts 4 houses in Sgr | Arms, ammunition recovered | DB upholds acquittal of Major | Search operation underway in Poonch | Gold to hit lifetime high | Army patrols snow-covered Doda | DC Rajouri orders door-to-door campaign to encourage registration | Desperate Congress using political gimmicks to stay relevant: Gaurav Gupta | LIC reports 8.27% growth in profit for 9 months ended Dec 2024 | JKNC Women Wing holds meeting in R S Pura | S K Police Academy Udhampur launches training on women’s safety | FADA Releases Jan’25 Vehicle Retail Data for UT of J&K | Director Agriculture Jammu inaugurates three-day training programme | Keshav Chopra organizes free eye, general health check up camp | Samba police seizes 5 vehicles for illegal mining | JK medical employees federation demands immediate release of pending NHM salaries | Fundamental Truth | Back Issues  
 
news details
More than 75 planes of Indian carriers grounded due to maintenance, engine issues: Report
11/1/2022 10:12:57 PM
AGENCIES
MUMBAI, Nov 1: Aviation consultancy firm CAPA said on Tuesday said that more than 75 planes of Indian carriers are currently grounded due to maintenance and engine-related issues.
These planes, which account for around 10-12 per cent of the Indian fleet, are grounded due to maintenance or engine-related issues. "These will have a significant impact on financials in the second half," CAPA said in its India Mid-Year Outlook 2023 released on Tuesday.
As per the report, more than 75 aircraft are currently grounded, creating serious challenges against the backdrop of an already hostile cost environment and contributing to increased losses.
The capacity has been impacted by serious supply chain issues impacting current and future deliveries, it said, adding that these issues are likely to proliferate in the fiscal starting April 2023 which, in turn, will impact future deliveries, the report said.
Significantly none of the domestic airlines, including two listed companies -- IndiGo and SpiceJet -- have so far made any public announcement on the grounding of the planes.
According to CAPA, delays in future deliveries could also reflect in liquidity issues as the income from sale and lease back financing may be less-than planned.
Delays in aircraft deliveries may also result in increased unit costs for carriers due to the need to extend the leases of older aircraft in the fleet, which have higher maintenance cost and fuel consumption than the new aircraft that would have replaced them, it said.
The report also said that non-supply issues are also expected to emerge next year such as shortages of pilots and engineers.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU