EVERY WINTER, the skies of North India turn unusually gloomy-disrupting normal operations of aircraft and trains alike. This time, as dense fog engulfed the areas in and around the national capital region of Delhi (Delhi-NCR), cracks in the idea of a resurgent aviation sector began to show. While fog-related disruptions have impacted flight operations-ripples of which are felt across the country-experts point towards deep-rooted issues that have made the situation worse for passengers and industry stakeholders alike.
InterGlobe Aviation, the parent company of market leader IndiGo, was recently slapped with a fine by the Bureau of Civil Aviation Security (BCAS). The company, which has a 54% share of the market, has now found itself in the proverbial eye of the storm, especially after a disgruntled customer assaulted its staff. It faced the wrath of the authorities after videos emerged on social media of passengers from one IndiGo flight rushing out of the aircraft and sitting on the tarmac in Mumbai, eating their food on the spot. The incident occurred when a Delhi-bound flight from Goa was diverted to Mumbai due to lack of visibility.
While the airline has put the blame on the dense fog, customers took to social media to describe how airline staff had been unco-operative from the beginning, which made the situation worse.
That, however, didn't stop the authorities from issuing show-cause notices to both IndiGo and the Mumbai International Airport Ltd (MIAL), followed by penalties from BCAS of ₹ 1.2 crore on IndiGo and ₹ 60 lakh on MIAL. The DGCA imposed a ₹ 30-lakh penalty on MIAL.
Esta historia es de la edición February 18, 2024 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición February 18, 2024 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
"OFFER MORE SOPS FOR THE NEW TAX REGIME”
Dinesh Kanabar, CEO of Dhruva Advisors, on the tax-related measures expected in the Budget, reforms, and more
IN SEARCH OF A BOOSTER SHOT
TO BOOST GROWTH, THE GOVERNMENT MAY FOCUS ON INCREASING CAPEX AND BOOSTING DOMESTIC CONSUMPTION, PARTICULARLY TARGETING THE MIDDLE CLASS. THIS COULD PROVIDE A FILLIP TO STOCKS IN THOSE SECTORS
HEALTH BOOST
THE HEALTHCARE SECTOR IS EXPECTED TO RECEIVE A SHOT IN THE ARM IN BUDGET 2025-26, WITH A FOCUS ON PRIMARY HEALTHCARE, DIGITAL HEALTH, AND BOOSTING PHARMACEUTICAL MANUFACTURING AND RESEARCH. BUT CHALLENGES LIKE THE SHORTAGE OF HEALTHCARE PROFESSIONALS REMAIN
"Indian aviation to see double-digit growth for the next 30 years"
Vinay Dube, Founder & CEO of Akasa Air, on the country's aviation sector, why the airline was set up, and more
TIME TO BE SMART
This year could be a good time to take home some profits, reduce risk, and shift to large-cap investments
CLOTHES MAKETH A MAN
THE MEN’S LUXURY MARKET IN INDIA, ONCE A NICHE SEGMENT, IS WITNESSING AN EXTRAORDINARY RISE AND IS THRIVING, THANKS TO SOCIAL MEDIA AND RISING DISPOSABLE INCOMES
Front-running Redux
Ketan Parekh has again been accused by Sebi. This time the allegations are of front-running, an unethical practice in financial markets
Triumph of Engineering
The Udhampur-Srinagar-Baramulla Railway Line in J&K is set to expedite trade and tourism
MAKING A MARK
IN A LANDSCAPE DOMINATED BY THE BIG FOUR ACCOUNTING FIRMS, DHRUVA ADVISORS HAS STRUCK IT BIG ON THE BACK OF ITS TAX AND REGULATORY ADVISORY SERVICES, ASSISTING SOME OF THE MARQUEE DEALS OF INDIA INC.
TIME FOR A TAX BREAK?
INDIVIDUAL TAXPAYERS LOOK FORWARD TO THE BUDGET EVERY YEAR HOPING FOR A BIG TAX BREAK. IT HAS ELUDED THEM FOR YEARS, BUT WITH HIGH INFLATION, MODERATING URBAN CONSUMPTION, AND ROBUST TAX COLLECTIONS, WILL THE MIDDLE CLASS GET A TAX BREAK IN FEBRUARY?