Vistara has announced the cancellation of several flights due to a shortage of pilots and crew.

The Ministry of Civil Aviation (MoCA) is seeking a detailed report from Vistara regarding flight cancellations and major delays, as the airline has cancelled or delayed over 100 flights in the past week. The number of flights may increase to 70. Vistara attributed the disruptions to a shortage of pilots and announced measures to alleviate the situation, including reducing flight operations and using wide-body aircraft on domestic routes.

What Vistara said on flight delays and disruptions

Vistara has reported numerous flight cancellations and delays due to a shortage of pilots and crew, as stated by a company spokesperson. The company has experienced numerous crew unavailability issues in recent days.

The spokesperson stated that efforts are being made to stabilize the situation and that regular operations will resume soon.

The spokesperson stated that teams are working diligently to minimize customer discomfort.

The airline has deployed larger aircraft, such as the B787-9 Dreamliner and A321neo, on select domestic routes to accommodate more customers. They are offering alternate flight options or refunds to affected customers. They apologize for the inconvenience caused by the disruptions and are working to stabilize the situation. They aim to resume regular capacity soon.

Vistara is utilizing larger aircraft, such as the Boeing 787 Dreamliner, on certain domestic routes to accommodate more passengers as per a spokesperson.

The airline also experienced similar disruptions last month.

The Economic Times reports that first officers of Vistara, unhappy with their new employment contract, have been reporting sick for the past two days, leading to multiple flight delays.

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In the nine months leading up to December 2023, Swiggy lost $200 million, as per a corporate internal document. This occurs as the company, funded by SoftBank, looks to go public on the stock market. Swiggy may begin listing by the end of 2025, according to prior reports.

According to an internal document seen by Reuters, Swiggy lost $500 million during the course of the fiscal year 2022–2023. The report, which cited unidentified sources, asserted that the corporation reduced losses for the entire year 2023–24 thanks to lower wage payouts and spending reductions in marketing.Swiggy’s losses for the first nine months of the fiscal year 2023–2024, from April to December 2023, totaled $207 million. During that time, the company’s sales was $1.02 billion, down from $1.05 billion in the fiscal year 2022–2023.According to an internal document seen by Reuters, Swiggy lost $500 million during the course of the fiscal year 2022–2023. The report, which cited unidentified sources, asserted that the corporation reduced losses for the entire year 2023–24 thanks to lower wage payouts and spending reductions in marketing.

Swiggy’s losses for the first nine months of the fiscal year 2023–2024, from April to December 2023, totaled $207 million. During that time, the company’s sales was $1.02 billion, down from $1.05 billion in the fiscal year 2022–2023.

Investors valued Swiggy at $10.7 billion in 2022. The business began by delivering meals, then it grew to include groceries and reservations for restaurants.

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Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, purchased an apartment in South Mumbai’s Walkershwar area for Rs 11.76 crore, according to property registration documents.

The 1,666 sqft apartment, located in the over 50-year-old Rockside Apartment near the Arabian Sea, spans across 1,666 sqft of carpet.

On March 15, 2024, Rekha Jhunjhunwala paid over Rs 59 lakh for stamp duty and registration charges for an apartment with a 376 sqft car parking.

The Walkeshwar and Malabar Hill micro-market in Mumbai, once India’s costliest residential market, has seen a decrease in premium and luxury projects due to business relocation northwards.

In November 2023, Rekha Jhunjhunwala-led Kinnteisto LLP purchased over 1.94 lakh sq ft of commercial office space in Mumbai’s Bandra Kurla Complex and Chandivali area for approximately Rs 740 crore, marking one of India’s largest commercial office deals.

A Knight Frank report titled ‘Prime Global Cities Index Q4 2023’ revealed that Mumbai, New Delhi, and Bengaluru, Indian cities, saw an increase in their average annual prices of prime residential or luxury homes.

Mumbai’s 10% price growth in the past year is primarily due to affluent homebuyers seeking lifestyle upgrades amid a strong economic environment that is gaining momentum.

Mumbai saw the third highest YoY growth in prime residential prices in Q4 2023, boosting its ranking by 5 places from 8th in Q4 2022.

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