IndiGo, SpiceJet Open Bookings After Govt Gives Nod To Resume Services
IndiGo and SpiceJet opened bookings late on Thursday evening for air travel beginning May 25 after the civil aviation ministry gave its nod to resume services.
The lowest available one-way fare on the Delhi-Mumbai route for May 25 was Rs 6,674 for 8.30 am departure. The second lowest ticket on the same route was available for Rs 7,040 for the same date.
Similarly, on the Delhi-Bengaluru route, the lowest priced ticket available on online portals was for Rs 6,096; the second cheapest ticket was priced at Rs 7,670. Domestic flights are resuming after two months, with a new safety protocol and government cap on minimum and maximum fares.
For the Delhi-Mumbai route, the minimum fare, excluding taxes, has been fixed at Rs 3,500. But for travel on May 25, airlines have put on sale only higher slab fares and this drew ire from passengers on social media.
“We did a travel sentiment survey on Wednes-day which revealed 68 per cent Indians are ready to travel as lockdown ends and 20 per cent within three to six months. The initial bump in travel will mostly be people travelling to their hometowns,” said Aloke Bajpai, co-founder and CEO of ixigo travel app.
Monzo Looks For US Banking License
Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more
Crypto Firms Push Into US Banking
America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more
Parallel Banking: Stablecoins Are Now Global
Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more