Malaysia Airlines Bhd. will increasingly focus on the Indian market with the airline still not seeing China bounce back after its sudden reopening following years of Covid restrictions.
The worst of the pandemic has subsided, countries are accessible again and airlines expect decent profits now that business and leisure travel has returned. Why, then, are fares still so high?
Go Airlines India Ltd.’s slide into bankruptcy has left travelers frustrated and confused, with many worried about how expensive re-booking tickets may be against the spiraling cost of air fares.
Faults with engines supplied by Pratt & Whitney to Go Airlines India Ltd. forced the budget carrier to keep its brand-new Airbus SE jets on the ground for 17,244 days since in the past three years, according to a legal filing in a Delaware court.
Lessors are seeking to take back possession of at least 20 Airbus SE jets operated by Go Airlines India Ltd., further complicating the insolvent carrier’s attempts to start flying again, even as a local bankruptcy court contemplates whether the company should get any respite.
Go Airlines India Ltd. this week became the latest victim in the battle of the skies over India. It isn’t the first high-profile carrier to fail and it won’t be the last.
Pham Nhat Vuong has few vehicles to show for the massive sums he and his Vietnamese conglomerate have spent building VinFast, the carmaker that’s put off plans for an IPO.
India’s biggest conglomerate and largest airline are in talks to take Airbus SE planes from Go Airlines India Ltd. after the carrier filed for insolvency protection and was ordered to stop selling tickets.
Singapore Airlines Ltd. said forward sales are healthy across all cabin classes thanks to strong demand for flights to China, Japan and South Korea, after the group posted record annual profit.