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Economic Times
6 hours ago
- Business
- Economic Times
How Uber challenged Ola's market leadership
How Uber came back from the brink to dislodge Ola A secret sauce has helped Uber successfully build back its business post pandemic. It dethroned Ola as the market leader. But it cannot afford to rest on the laurels. Smaller rivals are keeping the global major on its toes. IndiGo CEO on legacy and tailor-made products In the run-up to the three-day IATA AGM starting June 1, which India is hosting after 42 years, IndiGo CEO Pieter Theodorus FONT SIZE SAVE PRINT COMMENT Refer & Earn
Time of India
a day ago
- Business
- Time of India
‘For every seat we sell, there are probably 10 takers,' says Emirates president as Dubai bilaterals not revived for years
NEW DELHI: Emirates does not see the huge transit business the mega carrier gets at its Dubai hub from flights to and from India getting impacted by the expansion of Air India and with IndiGo launching long hauls to Europe from next month. Tired of too many ads? go ad free now The reason: India has so far not acceded to Dubai's request for increasing the long-exhausted bilaterals or flying rights. As a result, airlines of both India and Dubai are operating the maximum possible flights under the current air service agreement (ASA), with no room to add services till the bilaterals are revised. 'We've been stuck with 65,000 seats in each direction (Dubai-India and vice-versa) for just over 11 years now (during which period the demand for travel has grown exponentially). For every seat we sell, there are probably 10 takers. So I don't see getting impacted by IndiGo and Air India expansion plans. In fact, there probably be a major relief valve for the pent up demand that has been in India for decades. Frankly, good luck to AI and IndiGo with getting airplanes at the pace they need,' Emirates Airlines president Tim Clark said Sunday in Delhi, where he is among the global aviation leaders attending the IATA AGM. Stressing the need for more bilaterals, he said: 'Fifteen years ago, the population to Dubai was about 25 lakh. This is over 80 lakh. Dubai is one of the fastest growing cities in the world and 40% of the ethnic mix is of Indian origin. If you look at the way the Indian community has moved to and from Dubai over the last 10 or 11 years, you can see the scale of what is not happening by not giving seats to Emirates or wherever else it may be. Tired of too many ads? go ad free now The Indian government has a policy at the moment of restricting capacity of foreign carriers into India, and they have their own reasons for that.' Clark said he hopes 'this will change when (India) realises the significance, the criticality of air transport as a wealth multiplier for their own economy. After all, it's been a it's been a catalyst for so many economies in the last 20-30 years,' he said. India is planning to have aviation hubs at its airports like Delhi, Mumbai and Bengaluru. 'You have to have open access. We (Dubai) have got 80 lakh and we can make a hub out of it. So you have every opportunity on the planet to make a hub and make it very good with your 1.4 billion population. But if you have these sorts of restrictive practices (bilaterals), it doesn't make much sense when you look at the other aspects of Indian economy which are expanding,' he said. He said since the existing bilaterals have been exhausted, there is no possibility of Emirates starting flights to the upcoming airports in India like Navi Mumbai and Greater Noida.
Daily Tribune
2 days ago
- Business
- Daily Tribune
India hosts aviation power meet
TDT | Manama India's emergence as a global aviation force is taking centre stage this weekend as it plays host to one of the airline industry's most significant events— the 81st Annual General Meeting (AGM) of the International Air Transport Association (IATA).. Scheduled from June 1st to 3rd in New Delhi, the event marks the return of IATA's flagship summit to Indian soil after a 42-year gap, last held in India in 1983. Record attendance More than 1,700 delegates, including top airline CEOs, government officials, and global media, are attending the AGM, which is being hosted by India's leading carrier, IndiGo. India's Prime Minister, Shri Narendra Modi, is expected to deliver the keynote address, signalling high-level national endorsement of the gathering. 'We are excited to bring the IATA AGM to India after a 42-year gap,' said Willie Walsh, IATA's Director General. 'India's place in global aviation has changed dramatically. The country has seen record aircraft orders, impressive growth, and world-class infrastructure developments.' IndiGo in the lead IndiGo CEO Pieter Elbers, who also chairs the IATA Board of Governors, noted that the summit reflects India's growing influence in global aviation. He said aviation is a powerful force for good worldwide and that this is particularly evident in India. IndiGo, he added, is proud to invite the IATA AGM back to India and showcase the country's rapid progress in the sector. India's aviation industry directly employs over 369,000 people and contributes $5.6 billion to the economy. When factoring in indirect, induced, and tourism impacts, the sector supports 7.7 million jobs and adds $53.6 billion to GDP—roughly 1.5 percent of the national total. Summit agenda The AGM will be followed by the World Air Transport Summit (WATS), where major global themes will be discussed, including the financial outlook for airlines, India's strategic use of aviation for development, and the role of Sustainable Aviation Fuel. Discussions will also focus on financing the journey to net zero and innovations in payment systems. CNN's Richard Quest will moderate the summit's CEO Panel featuring Pieter Elbers of IndiGo, Joanna Geraghty of JetBlue, Adrian Neuhauser of Abra Group, and Richard Smith of FedEx. Progress and inclusion A highlight of the event will be the sixth edition of the IATA Diversity & Inclusion Awards, which honour efforts to advance gender balance in the industry as part of the 25by2025 initiative. Willie Walsh said the AGM is always a moment for the industry to reflect and regroup in the face of enormous economic, geopolitical, and technological forces. He expressed confidence that the gathering would deliver value to stakeholders and strengthen global collaboration. As global attention turns to India's aviation trajectory, the AGM in New Delhi signals not just a return, but a recognition of the country's new role as a global aviation hub.
Time of India
3 days ago
- Business
- Time of India
81st IATA AGM to Take Place in New Delhi: A Milestone for Global Aviation, ET TravelWorld
Advt Advt By , ETTravelWorld Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETTravelWorld App Get Realtime updates Save your favourite articles Scan to download App The International Air Transport Association (IATA) is set to host its 81st Annual General Meeting (AGM) and the World Air Transport Summit (WATS) in New Delhi from 1–3 June 2025. This marks the return of the IATA AGM to India after more than four decades, last having taken place in the country in 1983. IndiGo will serve as the host high-profile gathering is expected to draw over 1,700 participants from across the globe, including airline CEOs, industry leaders, government representatives and members of the media. India's Prime Minister, Narendra Modi, is expected to deliver the keynote address.'We are excited to bring the IATA AGM to India after a 42-year gap,' said Willie Walsh, Director General, IATA. 'India's place in global aviation has changed dramatically, particularly over the last decade. The AGM will allow aviation leaders and journalists from around the world to witness first-hand how India's rapidly modernising and expanding aviation sector is contributing to the country's overall economic and social development.'India's aviation sector supports over 369,000 direct jobs and contributes $5.6 billion in GDP. When combined with indirect, induced, and tourism-related contributions, this figure rises to 7.7 million jobs and $53.6 billion, or 1.5% of the national CEO Pieter Elbers , also Chair of the IATA Board of Governors, added, 'India's aviation market is rapidly thriving while significantly contributing to the country's socio-economic growth and IndiGo is at the forefront of this upward trajectory.'The World Air Transport Summit, which will immediately follow the AGM, is set to feature panel discussions on financing net-zero aviation , energy security, and India's aviation-led development strategy. Key speakers include Pieter Elbers (IndiGo), Joanna Geraghty (JetBlue), Adrian Neuhauser (Abra Group), and Richard Smith (FedEx). CNN's Richard Quest will moderate the flagship CEO panel.
Time of India
3 days ago
- Business
- Time of India
IATA to hold AGM in India after 42 years; PM to address delegates on June 2
Global aviation leaders are set to convene in New Delhi from June 1-3 for IATA's Annual General Meeting and World Air Transport Summit, marking its return to India after 42 years. Prime Minister Narendra Modi will deliver the keynote address. The summit anticipates 1,700 participants. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Global aviation industry leaders will gather for the airlines' grouping IATA's annual general meeting and the world air transport summit in the national capital from June 1 to 3, with Prime Minister Narendra Modi expected to deliver the keynote address to the 1,700 participants are expected to attend the summit, and the Annual General Meeting (AGM) will be held in India for the first time after 42 International Air Transport Association (IATA) represents about 350 airlines comprising over 80 per cent of the global air traffic. IndiGo is the host airline of the event, which was last held in India in 1983. Some 1,700 participants are registered to attend, including industry leaders, government officials and media," IATA said in a release on is expected to deliver the keynote address on June Director General Willie Walsh said the grouping is excited to bring the IATA AGM to India after a 42-year place in global aviation has changed dramatically, particularly over the last decade. The country has seen record aircraft orders, impressive growth, and world-class infrastructure developments, he to IATA, India's aviation industry directly employs 3,69,700 people and generates USD 5.6 billion of indirect, induced and tourism impacts are included, the totals rise to 7.7 million jobs and USD 53.6 billion of GDP (1.5 per cent).The World Air Transport Summit (WATS), which follows immediately after the AGM, will address key issues facing the aviation including financial outlook for the airline industry, how India is strategically using aviation to drive development, financing aviation net zero, and the relationship between energy security, renewable energy and Sustainable Aviation Fuel (SAF) production will be carriers -- Air India , IndiGo and SpiceJet -- are among the IATA members.
