Many airlines try to boost domestic and international flights [Flickr]

airwaysnc posted a photo:

Despite the aviation industry being hit by the outbreak of Covid-19 pandemic, many airlines are preparing to join other airlines in the intercontinental market by December 2020. They seem to be working very hard for the restart of the air services.
The $1.9 trillion money manager, Pacific Investment Management Co. anticipates an economic recovery and that the next market rally will lift the aviation sector - beaten-down the most by the pandemic- as people start to travel again.

Also Read: Covid-19 Spread Sparks Fresh Panic in the Aviation Sector

Mexican Airline Interjet

Interjet is one of Mexico’s three biggest airlines. It operates on more than 50 routes.

As the coronavirus pandemic devastated global air travel, Interjet availed a $150 million capital support in July 2020 to get it through a substantial restructuring in an effort to lessen the effect of the crisis in the airline sector.

August 30, 2020. Interjet is now in a position to increase the number of routes and frequency of its domestic flights beginning from September. It will hopefully boost travel options to Mexico's northern states and popular tourist destinations.

Interjet will have to enforce health and safety measures. It will offer its passengers free rapid COVID-19 tests and N95 masks.

Uganda Airlines

Recently, Uganda Airlines celebrated its first anniversary. The airline had collapsed in 2001 but was relaunched after 18 years. It has four planes at present. ncairways.co/many-airlines/

source https://www.flickr.com/photos/165450454@N07/50288893702/

Worse crisis yet to be seen by global airlines [Flickr]

airwaysnc posted a photo:

Today, the global airlines are struggling through a worse crisis since the first commercial service began flying passengers nearly 100 years ago. The Covid-19 pandemic has exerted a long-term and profound impact globally.

Domestic passenger numbers in some markets have slowly started signs of recovery from COVID-19 lockdown lows, especially in Asia.
Chinese airlines recover from such a worse crisis
Chinese airlines hope for local travel boost. The aviation market in China has been the first to rebound from such a worse crisis, and the overall trend of recovery and development appears to be prosperous. Strong potential demand for air-passenger travel if the virus is suppressed.

Air travel in China has mostly returned from its pre-COVID-19 levels, with about 15m seats scheduled in the week to August 30, indicating the pace of the country's economic rebound.

Japan has also resumed normal service. Domestic travel is not subject to the same level of restrictions as cross-border flights, leaving it well-positioned to lead any recovery from this worse crisis.

China, where the disease first emerged in 2019 has reported no new deaths since May 2020. A tentative return of business and tourist travel within its borders can be seen here, even as the virus wreaks havoc elsewhere. Here domestic travel has picked up with the coronavirus outbreak brought largely under control. ncairways.co/worse-crisis/

source https://www.flickr.com/photos/165450454@N07/50286284621/

Will India send a military contingent to participate in a war game in Russia? [Flickr]

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Russia has been a major partner of India in the defence sector and the cooperation has been steadily growing further. In a few days from now, a multilateral war game is going to be held in the Astrakhan region in southern Russia from September 15 to 26. The participating countries include India's neighbours - China and Pakistan in addition to a number of other member nations of the Shanghai Cooperation Organisation (SCO), an influential regional grouping.

The SCO is viewed as a counter to NATO. It has emerged as one of the largest transregional international organisations. It accounts for nearly 44 per cent of the world population stretching from the Arctic Ocean to the Indian Ocean and from the Pacific Ocean to the Baltic Sea.

Earlier, India had communicated to Russia that it will participate in the said strategic command-post exercise. India had planned to send around 150 Indian Army troops, 45 Indian Air Force personnel and a number of Navy officers for the exercise. In June 2020, a tri-services contingent from India took part at the Victory Day Parade at the iconic Red Square in Moscow to commemorate the 75th anniversary of the Soviet victory over Nazi Germany in the Second World War. A contingent from China had also attended it.

But India has reviewed its earlier decision now. It may not participate in the exercise.

Also Read: U.S. ncairways.co/russia/

source https://www.flickr.com/photos/165450454@N07/50284066013/

Eight Airlines Still Seek Government Aid to Stay Afloat in Aviation [Flickr]

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Eight airlines - Bangkok Airways, Nok Air, Thai AirAsia, Thai AirAsiaX, Thai Lion Air, THAI Smile Airways and Thai Vietjet- approached the government and requested it to do something for them so that they could remain afloat in the aviation business for at least one more year.

The government seemed to be worried about the airlines regarding liquidity to maintain the employment of their employees. It appeared to be satisfied with the airlines' endeavours - that the airlines did respond to the government’s request to retain their 20,000+ workers through the COVID crisis, despite the fact that their business is limited by travel restrictions and a near-total ban on foreign tourists.

Also Read: Debt in the Airlines Set to Ruin Industry Prospects

Thai AirAsia chairman Tassapon Bijleveld said that the chief expectations of the airlines from the government have been :

allocation of soft loans,
an extension of the excise tax cut for jet fuel and
reduction of airline operation fees such as parking and landing charges.

Prime Minister Prayut Chan-o-cha has pledged to offer 24 billion baht in soft loans to such airlines by October 2020 during the meeting with the airline representatives.

Such a development further endorses the basic fact that the airline industry is not yet out of its troubles. It still has to plead for tax-payers' money to keep it in business. ncairways.co/eight-airlines/

source https://www.flickr.com/photos/165450454@N07/50284711282/

Cummins India Shows Irresistible Accumulative Swing Index [Flickr]

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Cummins: Price breakout from the falling supply line, last three month’s base formations augurs well for next up move

The capital goods space is witnessing fresh momentum after the last three month’s base formation and is expected to witness a catch up with the rest of the market.

Cummins India Ltd., a Mid Cap company, was incorporated in the year 1962. It has a market cap of Rs 12677.74 crores and is operating in Engineering sector. The company, a producer of diesel and natural gas engines, generator sets and their related services operates through two main segments: Engines and Lubes.

In January 2020, its share price fell over 2 per cent. A research house Nomura has downgraded the stock to reduce from neutral and cut target to Rs 570 from Rs 585 per share. Today a consolidation is being witnessed.

o The share price of Cummins India has generated a breakout above the lastthree month’s higher base formation (Rs 311-439). In the process, it has also closed above the falling supply line joining highs since May 2019 (Rs 801) signalling a reversal of the corrective trend and resumption of the fresh up move, thus offers fresh entry opportunity with a favourable risk-reward set up

o Structurally, the stock in the last three months of base formation has constantly been forming higher lows as can be seen in the adjacent chart highlighting the positive price structure. ncairways.co/cummins/

source https://www.flickr.com/photos/165450454@N07/50258514591/

Britannia Industries Continues its Outperformance [Flickr]

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The stock, Britannia Industries (BRIIND), remains a major outperformer within FMCG space and is currently poised to resume its structural uptrend after the four-week breather, thereby offering fresh entry opportunity.
Such a bullish stance on Britannia Industries is anchored on the following observations :

Since March 2020 panic lows of Rs 2100, price rallies are stronger while corrections have remained shallow underscoring strong appetite to own the stock and robust price structure
Over Past four weeks stock retraced is preceding five-week rally (Rs 3305 – 4010) only by 38.2%, signifying elevated buying demand
The share price has consistently garnered buying support at a rising 10-week average in each correction since March 2020.
This rhythm is expected to be maintained and stock to rally higher from current levels

Analysts expect a significant demand zone is now placed ~3570 which is 61.8% retracement of June-July rally, which is expected to be held. ncairways.co/britannia-industries/

source https://www.flickr.com/photos/165450454@N07/50257653863/

EasyJet Establishes Severity Terms for Voluntary Redundancy [Flickr]

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EasyJet pilots have been offered alternative contracts. The airline also warns of upcoming cuts.

In Q3 of last year, budget carrier EasyJet served 26.4m fliers and earned £1.76bn as revenue. One year later, the story became entirely different. EasyJet flew just 117,00 passengers and could earn revenue of only £7m as it could not utilise its resources.

The EasyJet (LSE: EZJ) share price has crashed this year. The stock has fallen 65% from its 52-week high of 1,500p witnessed at the end of February.

The coronavirus crisis has hit the airline sector like a storm. Several air carriers were forced to ground their planes as travel restrictions were imposed around the world.

Following the grounding of its fleet, EasyJet had to deal with the nightmare scenario of having no income and persistent expenditures. Additionally, it also has a number of other liabilities.

The dire financial predicament of the discount airline EasyJet has forced the company to consider strange steps for its survival.

EasyJet shall extend its pilots “seasonal” contracts. That is, work for 26 weeks continuously, and do not draw any salary for the rest of the year.

EasyJet has over 2200 pilots. As the global airline companies battle the collapse in the air travel business, EasyJet may terminate a third of its pilot workforce in an attempt to make severe cuts in its expenditures. ncairways.co/easyjet/

source https://www.flickr.com/photos/165450454@N07/50258496452/