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Uttar Pradesh receives the greatest number of airports in operation for a state in a single sweep.

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Uttar Pradesh has become the only state in India with over 10 operational airports, inaugurated by the prime minister on March 10.

Regional carrier flybig has started selling tickets for flights to Shravasti, Azamgarh, Chitrakoot, and Aligarh from Lucknow under RCS-UDAN. This will increase the number of operational airports in India, bringing Uttar Pradesh to 13 operational airports, the highest for any state. The state has seen a turnaround in infrastructure over the last decade, including expansion of existing terminals and civil enclaves.

Tourist and commercial sites in India include Shravasti, where Gautam Buddha lived, and Chitrakoot, a cultural and religious center. Ayodhya is the nearest airport, while Chitrakoot Dham is located in Uttar Pradesh and Madhya Pradesh. Chitrakoot is also the site of Lord Rama’s 11-year exile.

Moradabad, a populous metalcraft district near Delhi, is attracting traders due to its proximity to brass. A flight connection will benefit traders, while Aligarh will soon have access to Jewar.

What is the state of the other states?

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Gujarat now has the most airports in use, with ten of them hosting regular commercial flights. Mundra will probably shortly join the rank. Next in order of operational airports are nine each in Maharashtra and Karnataka. While connection is expected to be restored soon in Maharashtra’s Nanded and Jalgaon, it won’t surpass the number of airports in Uttar Pradesh, where Noida International Airport in Jewar is scheduled to become operational later this year.

Will there still be flights?

It’s hardly Flybig’s greatest record when it comes to running flights. The airline began operations in Indore but soon expanded, basing its ATRs in the East and North East. The airline established a second base in Hyderabad for a transitional period, serving Gondia from both Hyderabad and Indore, with ambitions to expand its route network from Hyderabad. This was swiftly removed, and the airplane once more made its way to the northeast. When the ATRs were abruptly returned to the lessor, connectivity in the Northeast was abruptly cut off, and services to locations like Rupasi, which was an airline station, were suspended.

The itinerary for a longer period of time is not yet accessible on the airline’s website for the four locations that will see launch flights in the upcoming week. This can be as a result of the airline having some time to build up forward loads following the swift maiden flights, or it might be due to the transit to the summer schedule on March 31, 2024.

Although the RCS-UDAN initiative aims to connect underserved and unserved airports and sectors, many airports and sectors have previously lost connectivity due to airline failures or inability to optimize operations. Flybig would also have to decide whether to succeed or fail because if there are any further withdrawals, the government and the market will lose faith in the airline.

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Vistara cancellations: Amid delays and interruptions, the airline may cancel 60 flights today; the centre requests a report

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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.

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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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Investors valued Swiggy at $10.7 billion in 2022. It is said that the business intends to go public this year.

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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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Meesho’s $300 million fundraising round: SoftBank’s invitation, Tiger Global wagers, and more

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Tiger Global and Peak XV Partners are leading the latest round, with a combined investment of $150 million.

Meesho is set to raise $300 million from Tiger Global and SoftBank, along with existing and other investors like Peak XV Partners and Mars Growth Capital. This is Tiger Global’s first major round in India since Scott Shleifer stepped down in November. This is one of the few large rounds for Meesho in the past 12 months.

Tiger Global and Peak XV Partners are leading a $150 million round in Meesho, with Peak XV and some limited partners expected to contribute $70 million. Tiger Global is a new investor, while Peak XV is an existing backer. Meesho’s current valuation is $3.9 billion, 20% lower than its previous 2021 valuation. SoftBank, an existing investor, is pushing $30 million for the remaining $150 million.

Meesho is relocating its base from Delaware to India, with a significant portion of the new capital being used to pay taxes before its upcoming IPO.

Meesho’s losses decreased from ₹3,251 crore in FY22 to ₹1,675 crore in FY23, while its revenue from operations increased by 77% from ₹3,232 crore in FY22 to ₹5,735 crore in FY23.

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