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Go be ‘social’ and reach out to people – that’s the mantra every netizen follows nowadays. But on the traditional <keyword id="6354632" type="COMPANY" weightage="100" keywordseo="Social-media">social media</keyword>, you are not meeting <keyword id="119302" type="ORGANIZATION" weightage="100" keywordseo="strangers">strangers</keyword> per se as we do in prep schools. You are not among a bunch of strangers, thrown together for a common purpose, as it happens in school or workplace. Instead, you scan profiles and make a conscious decision before connecting. But that kind of approach actually keeps you confined within an extended circle, curated by your requirements and parameters. So chances are you are not reaching out to interesting strangers – <keyword id="1322697" type="UNKNOWN" weightage="100" keywordseo="like-minded-people">like-minded people</keyword> with whom you can share your thoughts and ideas. 
 In an ideal situation, your ideas, and not who you are, should generate <keyword id="1991589" type="UNKNOWN" weightage="100" keywordseo="Networking-interests">networking interests</keyword>. And when that happens, strangers do find it worthwhile to connect with each other. The shared passion for a particular interest often brings people together and a Mumbai-based start-up has just built an all-new <keyword id="6354615" type="ORGANIZATION" weightage="100" keywordseo="Social-network">social network</keyword> around that concept. 
 <keyword id="1991577" type="UNKNOWN" weightage="100" keywordseo="Treetins-com">Treetins.com</keyword> promotes <keyword id="1991606" type="UNKNOWN" weightage="100" keywordseo="Positive-interactions-between-strangers">positive interactions between strangers</keyword> while users can remain completely anonymous. The platform is quite unique, an ingenious mix of <keyword id="279713" type="COMPANY" weightage="60" keywordseo="Tumblr">Tumblr</keyword> and <keyword id="135163" type="COMPANY" weightage="80" keywordseo="chatroulette">Chatroulette</keyword> (minus the audio and the webcam), which allows you to post all sorts of content, based on which people may decide to connect with you. <keyword id="725308" type="UNKNOWN" weightage="100" keywordseo="anonymity">Anonymity</keyword> is strictly maintained here, not only to ensure enhanced security but also to provide users with the kind of comfort level people look forward to when <keyword id="1991616" type="UNKNOWN" weightage="100" keywordseo="Conversing-with-strangers">conversing with strangers</keyword>. Feeling curious? Here is a snapshot that captures the start-up's vision and viability. 
 
Who runs Treetins.com (https://treetins.com/): A team of four including <keyword id="36740" type="POSITION" weightage="100" keywordseo="founder">founder</keyword> <keyword id="1991580" type="UNKNOWN" weightage="100" keywordseo="Prince-Jacob-Thomas">Prince Jacob Thomas</keyword> and three <keyword id="382595" type="UNKNOWN" weightage="100" keywordseo="co-founders">co-founders</keyword> – <keyword id="1991582" type="UNKNOWN" weightage="100" keywordseo="Aditya-Dhull">Aditya Dhull</keyword>, <keyword id="1991579" type="UNKNOWN" weightage="100" keywordseo="Mohit-Narwal">Mohit Narwal</keyword> and <keyword id="1991578" type="UNKNOWN" weightage="100" keywordseo="Chandy-Thomas">Chandy Thomas</keyword>. Prince, Aditya and Mohit have done MBA in Marketing from Christ University, <keyword id="6355033" type="COMPANY" weightage="100" keywordseo="Bangalore">Bangalore</keyword>. A former advertising professional, Prince had worked with Ogilvy and Creativeland Asia while Aditya had also been with Creativeland Asia. Prior to starting up, Mohit was with Dun &amp; Bradstreet and One97 Communications. Chandy holds a PG diploma in PR and Corporate Communications from Xavier Institute of Communications, <keyword id="6358070" type="COMPANY" weightage="100" keywordseo="Mumbai">Mumbai</keyword>, and earlier worked with organisations such as NDTV and Perfect Relations. Mumbai-based Treetins is the maiden venture of the foursome, all in their twenties. The company was started in August 2013, but the <keyword id="766262" type="UNKNOWN" weightage="100" keywordseo="social-networking-platform">social networking platform</keyword> Treetins.com came live only in December. 
 
What inspired the venture: The fact that the <keyword id="55618" type="UNKNOWN" weightage="100" keywordseo="World-Wide-Web">World Wide Web</keyword>, despite its immense potential, is not being leveraged to connect people who are totally outside each other’s orbit. According to Prince, people are mostly connected to their friends, family, colleagues or an extended circle. But there is no medium that connects people with complete strangers, in a free and friendly manner. 
 Another trigger is the immense potential when one meets new people and connects over a <keyword id="1991587" type="UNKNOWN" weightage="100" keywordseo="Common-interest">common interest</keyword> (the name Treetins is an anagram of the word ‘interest’). “Somewhere, we all started off as strangers, but are now living in a closed environment and not realising that meeting someone new could lead to immense possibilities,” says Chandy. “You can meet a life partner, a business partner or start a music band or form a group working for a cause. The Bombay Underground is a perfect example of this,” he adds. 
 
What’s the pitch: It’s a social networking space on the Web that lets you meet like-minded people, outside your existing social circles, without the stigma attached to meeting strangers. Treetins is the first <keyword id="6541953" type="UNKNOWN" weightage="100" keywordseo="online-platform">online platform</keyword> that lets you ‘bump’ into people, solely based on what you express or how you <keyword id="53203" type="UNKNOWN" weightage="100" keywordseo="Converse">converse</keyword>, rather than who you are. Anybody who joins Treetins starts <keyword id="1991624" type="UNKNOWN" weightage="100" keywordseo="Anonymously">anonymously</keyword> and that makes the whole experience more <keyword id="38894" type="COMPANY" weightage="100" keywordseo="secure">secure</keyword> and satisfactory. 
 
How it works: The social platform is still in beta, but when we checked, all the functionalities were working fine. Anyone can register and log in to Treetins.com anonymously, using <keyword id="6354576" type="CITY" weightage="60" keywordseo="Facebook">Facebook</keyword>, <keyword id="6354616" type="CITY" weightage="60" keywordseo="Twitter">Twitter</keyword> or e-mail ID. Once you are there, just click the ‘express’ tab and start sharing loads of exciting things – right from your opinion and blog posts to <keyword id="39862" type="COMPANY" weightage="100" keywordseo="Images">images</keyword>, <keyword id="144248" type="ENTERTAINMENT" weightage="100" keywordseo="Videos">videos</keyword> and links. The content goes up on the Treetins page as <keyword id="30943" type="PERSON" weightage="100" keywordseo="Expression">expression</keyword> by a stranger, along with your location. If another member finds it interesting, he/she may want to ‘bump into’ you and start a conversation. To do so, the person will have to click the tab ‘converse’ and type his own comment regarding your post. That comment also goes to the writer as an expression from a stranger. If you accept it and choose to connect with the person, he will be added to your ‘bench’ and only then identities will be revealed. However, you don’t get to know much even then – just the stranger’s name since location is revealed by default. You can also delete someone from your bench but once that’s done, you can’t ‘undo’ it and add the person back. 
 
You, too, can browse through other ‘expressions’ up on the site and try to ‘connect’ with strangers in a similar manner. There is also a ‘share’ option (via Facebook and Twitter) to repost interesting content. Moreover, you can ‘invite’ people to Treetins but unlike other social media, invitees don’t get added to your ‘bench’ by default and the entire process has to be followed if you want to converse with them. 
 
Claim to fame: Treetins has introduced a secure and stranger-friendly platform for people to connect seamlessly and share their interests. The concept itself is unique and has the potential to go viral in an environment frequently plagued by online stalking, hacking and identity theft. 
 
Show me the money: The start-up is currently <keyword id="1991631" type="UNKNOWN" weightage="100" keywordseo="Bootstrapped">bootstrapped</keyword> and still fine-tuning its <keyword id="234340" type="POSITION" weightage="100" keywordseo="revenue-model">revenue model</keyword>. The team does not want to divulge specific details at this point, but the firm is not looking at <keyword id="1049940" type="UNKNOWN" weightage="100" keywordseo="ad-revenues">ad revenues</keyword> as its main source of earning (does it remind you of WhatsApp). According to the co-founders, new features are being added to the social platform and the company may soon adopt a <keyword id="1991632" type="UNKNOWN" weightage="100" keywordseo="Freemium-model">freemium model</keyword>. Other online initiatives may include collaborative idea sharing and engaging the college crowd. Gaining <keyword id="900658" type="UNKNOWN" weightage="100" keywordseo="traction">traction</keyword> is another crucial area and Treetins is targeting the whole chunk of <keyword id="1991634" type="UNKNOWN" weightage="100" keywordseo="Social-media-users-worldwide">social media users worldwide</keyword> – some 1.5 billion-plus people, to be precise. 
 Interestingly, Treetins has taken its ‘<keyword id="1991605" type="UNKNOWN" weightage="100" keywordseo="Connect-with-strangers">connect with strangers</keyword>’ concept offline and launched initiatives such as ‘Hi Stranger’ photo project and another one called <keyword id="1991635" type="UNKNOWN" weightage="100" keywordseo="Share-Your-Table">Share Your Table</keyword>, run in partnership with the <keyword id="34615" type="ORGANIZATION" weightage="100" keywordseo="restaurants">restaurants</keyword>, <keyword id="20254" type="UNKNOWN" weightage="100" keywordseo="cafes">cafes</keyword> and <keyword id="14564" type="UNKNOWN" weightage="100" keywordseo="pubs">pubs</keyword> in Mumbai. “It’s all about sharing your table space with a stranger in a crowded eatery,” details Aditya. “Most of the times, we don’t occupy the entire table, but don’t feel comfortable either if a stranger shares the space. We are endeavouring to change that and convince people about <keyword id="1991637" type="UNKNOWN" weightage="100" keywordseo="Table-sharing">table sharing</keyword>. In that way, there will be optimum utilisation of seating capacity, better <keyword id="169305" type="ORGANIZATION" weightage="100" keywordseo="customer-service">customer service</keyword> and <keyword id="1991641" type="UNKNOWN" weightage="100" keywordseo="Shorter-queues">shorter queues</keyword> outside the <keyword id="662020" type="UNKNOWN" weightage="100" keywordseo="food-joints">food joints</keyword>. Plus, you get to make new friends and that is no small deal.” The programme is now active in 35 restaurants across Mumbai and the company is eyeing further expansion as it is getting loads of requests, both from restaurateurs and customers. By March 2014, Share Your Table may kick off in other cities like Bangalore and <keyword id="2094" type="COMPANY" weightage="100" keywordseo="Pune">Pune</keyword>, leading to more <keyword id="6399165" type="UNKNOWN" weightage="100" keywordseo="revenue-generation">revenue generation</keyword>. 
 “We will be working on our <keyword id="19705" type="ORGANIZATION" weightage="100" keywordseo="Products">products</keyword>, <keyword id="445843" type="UNKNOWN" weightage="100" keywordseo="customer-base">customer base</keyword> and <keyword id="232730" type="POSITION" weightage="100" keywordseo="business-model">business model</keyword> till March next year and will approach the <keyword id="6359051" type="COMPANY" weightage="100" keywordseo="investors">investors</keyword> for a <keyword id="1974977" type="UNKNOWN" weightage="100" keywordseo="Seed-round">seed round</keyword> when these things are in place,” says Chandy. 
 
Biggest challenge: Introducing a totally new concept, especially something that people may not accept instantly, is always challenging. “We must create awareness regarding the manifold benefits such a network can bring you,” concludes Chandy.

Want To Bump Into
‘Strangers’ With Similar Interests? Check Out This Social Network...

The domestic air passenger traffic reached 1232.45 lakhs in 2022, registering an annual growth of 47.05 per cent as compared to 2021, the <keyword id="6354705" type="General" weightage="80" keywordseo="directorate-general-of-civil-aviation" source="Orion">Directorate General of Civil Aviation</keyword> (<keyword id="6354787" type="General" weightage="80" keywordseo="dgca" source="Orion">DGCA</keyword>) said on Thursday. "Passengers carried by domestic airlines between January 2022 and December 2022 were 1232.45 lakhs as against 838.14 lakhs during the corresponding period of the previous year thereby registering an annual growth of 47.05 per cent and monthly growth of 13.69 per cent," the aviation regulator said. The passenger load factors of all major airlines - Air India, <keyword id="6358032" type="DOMAIN" weightage="20" keywordseo="spicejet" botkeyword="" source="ET" sourcekeytype="COMPANY" meta.keywordsubtype="EQ" meta.aliasname="spicejet" meta.entityname="Spicejet Ltd." meta.entityid="7876" meta.seoname="spicejet-ltd">SpiceJet</keyword>, <keyword id="12242018" type="General" weightage="80" keywordseo="gofirst" source="Orion">GoFirst</keyword>, IndiGo, <keyword id="11911527" type="General" weightage="80" keywordseo="akasa-air" source="Orion">Akasa Air</keyword>, AirAsia India and Vistara witnessed an upward trend in December 2022 compared to November 2022, as per the DGCA data. The passenger load factor measures the seat capacity utilisation of the airline. IndiGo recorded a market share of 56.1 per cent followed by Vistara with a 9.2 per cent share. SpiceJet and Air India had an 8.7 per cent market share, shows the official data. During December 2022, a total of 408 passenger-related complaints were received by the scheduled domestic airlines. The major reasons for complaints are flight problems and refunds. Airlines have received a total of 408 complaints, out of which 401 (approx. 98 per cent) have been addressed, the DGCA data shows. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/shark-tank-s2-indias-first-plug-and-fly-drones-developed-by-undergraduate/articleshow/97132329.cms">The under-grads who built a business of plug-and-fly drones</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/hul-indusind-bank-adani-enterprises-among-stocks-in-focus/articleshow/97115029.cms">Sensex, Nifty50 end lower on weak US consumer data – FMCG, metals, auto lead losses</a>

Domestic air passenger traffic went up by 47% this year compared to 2021: DGCA

When the <keyword id="1700843" type="General" weightage="20" keywordseo="singapore-airlines-group" source="Orion">Singapore Airlines Group</keyword> (SIA) released its operating statistics for December 2022, it revealed that it carried almost 12 per cent more passengers compared with a month ago and four times more than a year ago. Its two carriers, SIA and Scoot, carried a total of 2.7 million passengers in December. For the entire year, it carried a total of 20.7 million passengers, a jump of 900 per cent from 2021. The airline cited the relaxation of travel restrictions in Hong Kong, Japan, and Taiwan for boosting the demand for air travel and supporting a recovery in those markets. Though impressive, the passenger numbers are still 76 per cent of December 2019's figure of 3.54 million passengers carried. SIA's passenger load factor (PLF) in December 2022 came in at 89.7 per cent during the month -- 3.8 percentage points more compared with a month ago and 43.2 per centage points more year-on-year. The airline noted that this is the highest monthly PLF in the SIA's history, full-service carrier, SIA, and low-cost airline, Scoot posted record monthly PLFs of 89.1 per cent and 91.6 per cent respectively. PLF for December 2019 was 87.6 per cent. However, it should be noted that PLF is a function of the number of planes an airline has in service. During this period where there's a global shortage of capacity, some <keyword id="44023" type="General" weightage="20" keywordseo="airlines" source="Orion">airlines</keyword> under utilise their planes either to keep airfares high or because they do not have enough resources to maximize the use of their fleet. According to fleet data from ch-aviation.com, at the moment, SIA has 36 inactive aircraft between its two main airline brands. Among the aircraft sitting on the ground are 15 Boeing 777ERs, two Airbus A350s, two A380s, and two 787-8s. With increasing competition in the coming year and with China's reopening from COVID-19 lockdowns, airlines in Northeast Asia are expected to put more capacity in the air which would result in supply putting pressure on prices. SIA is expected to do the same to contend for market share. Already in December, Scoot resumed flights to Zhengzhou, China in December 2022, while SIA restarted fortnightly passenger services from Singapore to Beijing on 30 December 2022. While the China market is still slowly recovering, SIA has been expanding its capacity in India, an important market, since the middle of last year. SIA has already resumed flights to the following South Asian cities at frequencies matching or exceeding pre-C levels: Bengaluru, Chennai, Delhi, Dubai, Hyderabad, Kathmandu, Kochi, Kolkata, and Mumbai. To underline the strategic importance of the Indian market to SIA, it made a commitment to continue to invest in the market late last year. On November 29, the airline announced that it will be converting its 49 per cent stake in Vistara into a 20 per cent stake in the new <keyword id="2573" type="General" weightage="20" keywordseo="air-india" source="Orion">Air India</keyword> Group, with the additional USD250 million used to acquire another 5 per cent. SIA has also agreed to inject up to another USD615 million after the merger is completed, (expected by March 2024), should the new airline group require additional funds from its shareholders to fund its restructuring and expansion. The actual amount will depend on factors including the progress of the enlarged Air India's business plan, and its access to other funding options. The airline said in a statement, "Through this transaction, SIA will reinforce its partnership with Tata and immediately acquire a strategic stake in an entity that is four to five times larger in scale compared to Vistara. The merger would bolster SIA's presence in India, strengthen its multi-hub strategy, and allow it to continue participating directly in a large and fast-growing aviation market." When Tata Sons agreed to buy Air India, the acquisition was completed a year ago on January 27, Tata was expected to consolidate its airline assets which meant it was likely to merge Vistara with Air India. SIA could have stepped away from its investment in the Indian market and sold its 49 per cent stake in Vistara. However, it decided to take a minority stake in a larger airline, and here are some of the possible reasons. First of all, the new Air India Group will be a much bigger player in the Indian aviation market. Its four airlines will have a 26 per cent market share based on domestic seat capacity and 21 per cent of international seat capacity in the current quarter, based on OAG data. India as a market and a source of travelers is of strategic importance to both SIA as well as Singapore overall. SIA will in time be able to increase its connectivity to Indian destinations as well as serve Indian passengers on international routes using Changi Airport as a transit point. This could open up attractive destinations in other parts of Southeast Asia, Australia, New Zealand, North Asia, and the west coast of America to Indian passengers. With the massive Terminal 5 in Changi opening in the middle of the next decade, any additional passenger churn will be vital to ensure the airport expansion fulfills its promise. India is among the top three aviation markets in the world and poised to double passenger traffic over the next 10 years supported by rising income levels and ongoing investments in its aviation infrastructure. It is projected to exceed 300 million airline passengers by 2027. However, India also remains underserved with low international seats per capita, signifying significant growth potential. Another factor that SIA would have considered is that the CEO of the new Air India group is a trusted 25-year veteran of the company before he joined the Indian airline in the middle of last year. Campbell Wilson, a New Zealander, was previously chief executive of Scoot and rotated through various roles at SIA in countries like Japan, Canada, and Hong Kong, and was senior vice president of sales and marketing for SIA. As quoted by Fortune, he said in a letter to employees on the one-year anniversary of the completion of Tata's takeover of Air India, "Taken together, the progress over the last 12 months has been nothing short of stunning, even if so much of what we have been working on has been behind the scenes, building platforms and capabilities so that our future ambitions can take flight. There is of course much more that needs to be done, and everyone internally and externally - is hungry for us to do it." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/hindenburg-ignores-indian-legal-processes-adani-group-on-the-firms-allegations/articleshow/97431153.cms">Hindenburg ignores Indian legal processes: Adani Group on the firm's allegations</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/finance-ministry-to-stick-to-privatisation-of-already-announced-cpses-next-fiscal/articleshow/97412473.cms">Finance Ministry to stick to privatisation of already announced CPSEs next fiscal</a>

Why Singapore Airlines is investing in Air India?

New Delhi, Jan 31 () Indian aviation sector "re-established" its resilience this fiscal despite a large airline suspending operations and the government has been providing a congenial environment so that airlines can have more than 1,200 planes by 2023-24, according to the Economic Survey.
 India is the world's third largest domestic market for civil aviation and has 136 Airports Authority of India (AAI)-managed airports as well as six aerodromes under public private partnerships, it said.
In recent times, domestic traffic growth had faced headwinds.
The Survey for 2019-20, tabled in Parliament on Friday, also said airlines operators in the country have scaled up their aircraft seat capacity from an estimated 0.07 annual seats per capita in 2013 to 0.12 in 2018.
 "Indian aviation re-established its resilience in the year 2019-20. Despite a large airline suspending operations on April 17, 2019, the sector swiftly sprung back to fill the void created in passenger and air cargo capacity," it said.
 After flying for more than 25 years, full-service carrier Jet Airways shuttered operations in April last year as it ran out of funds. The closure had a significant impact in the sector, including lower capacity to meet higher passenger demand.
 To ease the strain on existing airport capacities, 100 more are to be made operational by FY 2023-24. Besides using 46 idle airstrips, 16 private greenfield airports, 15 AAI airports, 31 heliports, and 12 waterdromes would also be developed, as per the Survey.
 As many as five new airports, including at Kannur in Kerala and Shirdi in Maharashtra, were operationalised this fiscal.
 "To continue with the high growth trajectory, the government has been providing a congenial environment so that the Indian carriers double their fleet from about 680 aircraft at the close of November 2019 to over 1,200 by FY 2023-24," the Survey said.
 The fleet refers to those of scheduled airlines.
 According to the Survey, high growth would continue by way of easing leasing and financing from Indian shores, efficient use of air traffic rights, encouraging domestic and international passenger and goods transfers, and rationalising the tax regime.
 "Capacity utilisation is also being augmented by way of automation at airports. Overall objective is to meet the growing demand and set global best practices and performance quality standards," it added. RAM RAM ANU
ANU

Congenial environment for aviation sector; airlines to have 1,200 planes by FY'24: Survey

New Delhi, Jan 31 () Indian aviation sector "re-established" its resilience this fiscal despite a large airline suspending operations and the government has been providing a congenial environment so that airlines can have more than 1,200 planes by 2023-24, according to the Economic Survey.
 India is the world's third largest domestic market for civil aviation and has 136 Airports Authority of India (AAI)-managed airports as well as six aerodromes under public private partnerships, it said.
In recent times, domestic traffic growth had faced headwinds.
The Survey for 2019-20, tabled in Parliament on Friday, also said airlines operators in the country have scaled up their aircraft seat capacity from an estimated 0.07 annual seats per capita in 2013 to 0.12 in 2018.
 "Indian aviation re-established its resilience in the year 2019-20. Despite a large airline suspending operations on April 17, 2019, the sector swiftly sprung back to fill the void created in passenger and air cargo capacity," it said.
 After flying for more than 25 years, full-service carrier Jet Airways shuttered operations in April last year as it ran out of funds. The closure had a significant impact in the sector, including lower capacity to meet higher passenger demand.
 To ease the strain on existing airport capacities, 100 more are to be made operational by FY 2023-24. Besides using 46 idle airstrips, 16 private greenfield airports, 15 AAI airports, 31 heliports, and 12 waterdromes would also be developed, as per the Survey.
 As many as five new airports, including at Kannur in Kerala and Shirdi in Maharashtra, were operationalised this fiscal.
 "To continue with the high growth trajectory, the government has been providing a congenial environment so that the Indian carriers double their fleet from about 680 aircraft at the close of November 2019 to over 1,200 by FY 2023-24," the Survey said.
 The fleet refers to those of scheduled airlines.
 According to the Survey, high growth would continue by way of easing leasing and financing from Indian shores, efficient use of air traffic rights, encouraging domestic and international passenger and goods transfers, and rationalising the tax regime.
 "Capacity utilisation is also being augmented by way of automation at airports. Overall objective is to meet the growing demand and set global best practices and performance quality standards," it added. RAM RAM ANU
ANU
ANU

New Delhi, Apr 30 () Amid the coronavirus pandemic, domestic air passenger traffic in March fell by 33.06 per cent to 77.62 lakh as compared to the same month last year, the aviation regulator DGCA said on Thursday. India has been under a lockdown since March 25 to curb the spread of the novel coronavirus. All commercial passenger flights have been suspended for the lockdown period. According to the Directorate General of Civil Aviation (DGCA) data, passenger load factors of all airlines in India decreased significantly in March as compared to February. Passenger load factor measures the seat capacity utilisation of the airline. "The passenger load factor in the month of March 2020 has shown a sharp decline due to suspension of air operations because of COVID-19 outbreak," the DGCA explained. At 83.7 per cent, SpiceJet saw the highest passenger load factor in March. At number two, GoAir had 78.9 per cent load factor. In February this year, the rise in the number of domestic air passengers was 8.9 per cent to 1.23 crore when compared with the figures of the corresponding month in 2019. Indian aviation sector has been hit hard due to the coronavirus pandemic, which has infected more than 33,000 people and killed at least 1,070 people in the country till now. According to the DGCA data released on Thursday, IndiGo maintained its lead position with 48.9 per cent share of the domestic passenger market in March 2020. SpiceJet was at number two as its market share increased from 15.3 per cent in February to 16 per cent in March, as per the data. The market share of Air India, GoAir, AirAsia India and Vistara was 10.8 per cent, 9.9 per cent, 7.6 per cent and 5.9 per cent respectively last month. In March, a total of 467 passenger-related complaints were received by the domestic airlines. The number of complaints per 10,000 passengers carried for the same month was around 0.60, according to the data. Among the major domestic airlines, Air India topped the list of passenger grievances with 2.1 complaints per 10,000 passengers in February, while GoAir was at number two position with 0.8 complaint per 10,000 passengers. DSP SMNSMN

COVID-19 effect: Domestic air passenger traffic fell by 33 pc in March, says DGCA

New Delhi, Nov 20 () Co-working platform myHQ on Wednesday sait it has raised USD 1.5 million (around Rs 10.7 crore) from investors including India Quotient to fund expansion plan.
 The startup has been founded in 2016 by two IIT Delhi graduates - Utkarsh Kawatra and Vinayak Agrawal. It offers workspaces across 120+ locations in Delhi-NCR region at places like restaurants, cafes, co-working centre and office complexes that have excess inventory.
 "myHQ has raised USD 1.5 million in its pre-Series A round led by India Quotient. The round also saw investments from Singapore-based family office RB Investments, Ashish Goenka from Suashish, angels from the online platform LetsVenture and participations from existing investors (Anupam Mittal and Nitish Mittersian amongst others)," the company said in a statement.
 myHQ said it plans to utilise the funds to expand into new cities, introduce new product offerings and invest in their technology infrastructure.
 "This investment underlines our investors' confidence in our model that offers greater value to those who are looking for a workspace. Using existing excess real estate inventory available with third-parties, not only reduces our financial risks but also allows us to offer workspaces to our customer at an extremely affordable price," said Utkarsh Kawatra, Co-founder, myHQ.
 This fund raise not only reaffirms the business, but also reflects the growing demand for such spaces by the modern workforce, said Vinayak Agrawal, co-founder, myHQ.
 According to a report by global property consultant Cushman &amp; Wakefield, there are 1,000 operational coworking centres, with a capacity of over 4 lakh seats, across top six cities -- Delhi-NCR, Bengaluru, Mumbai, Pune, Hyderabad and Chennai.
 The number of flexible space operators has risen from single digits to about 350 over the last 3-4 years. MJH SHW
SHW

Co-working platform myHQ raises USD 1.5 mn to fund expansion

New Delhi, Nov 18 () Indicating some recovery in the aviation sector due to the tourist season, the domestic air passenger traffic this October increased by 3.98 per cent compared to the same month last year, according to data released by the DGCA on Monday.
In September this year, the domestic passenger growth was just 1.18 per cent compared to the same month last year.
The domestic air traffic last month consisted of 12.31 million passengers compared to 11.84 million passengers in the same month last year, a jump of 3.98 per cent, as per data.
On the date for October, Directorate General of Civil Aviation (DGCA) said, "The passenger load factor in the month of October 2019 has shown increasing trend compared to previous months primarily due to the onset of tourist season."
However, the passenger load factor of all major airlines -- Air India, SpiceJet, GoAir, IndiGo, AirAsia and Vistara -- declined in October as compared to September this year, as per DGCA data.
The passenger load factor measures the seat capacity utilisation of the airline.
 IndiGo maintained its lead position with 47.4 per cent share of the domestic passenger market in October, the data showed.
SpiceJet's market share increased from 14.7 per cent in September to 16.3 per cent in October, giving it the number two spot, as per the data.
The market share of Air India, GoAir, AirAsia and Vistara was 12.6 per cent, 11.2 per cent, 6.5 per cent and 5.4 per cent respectively last month. 
In October this year, a total of 791 passenger-related complaints were received by the domestic airlines, according to DGCA data. 
The number of complaints per 10,000 passengers carried for the month of October was around 0.64.
Among major domestic airlines, Air India topped the list of passenger grievances with 1.6 complaints per 10,000 passengers in September, while SpiceJet was on number two position with 0.8 complaints per 10,000 passengers, as per DGCA data. DSP DSP RDM
RDM

Domestic air passenger traffic grows by 3.98 pc in October

<ul><li>The low-cost airline's profit hits a new record as jet fuel prices fall and competition decreases.</li><li>IndiGo's management said that the company managed to reduce its cost of fuel by 11%, even though the actual fall in aviation turbine fuel was much lesser.</li><li>IndiGo's Chief Executive Officer Ronojoy Dutta dismissed any significant benefit from the disappearance of Jet Airways from Indian skies.</li></ul> InterGlobe Aviation Ltd-owned India's biggest airline by market share, IndiGo, on Friday posted its highest ever quarterly net profit at ₹1,203 crore for the first-quarter of 2019-20. "Strong passenger revenues along with a sharp improvement in cargo performance were key drivers to this improved profitability. We are particularly pleased with this quarter because it demonstrated our ability to grow rapidly while simultaneously expanding our margin performance," the company's CEO, Ronojoy Dutta said. In a conference call with analysts, the management highlighted that its efforts in managing its fleet and routes led to a fall in fuel cost of 11% during the quarter whereas the actual fall in jet fuel was much lesser. "Going forward, obviously, this quarter the aircraft utilisation was a little lower due to some temporary issues. As that improves there will be some tailwinds in terms of fixed costs," Rohit Philip, the chief financial officer of IndiGo said. Sales jumped 42% to ₹9,420 crore and market share has steadily risen since rival Jet Airways went bankrupt and stopped flying. This has helped all airlines charge higher airfares while costs came down, helping their profits. However, Chief Executive Officer Ronojoy Dutta dismissed any significant benefit from the disappearnce of Jet Airways on the company's performance. IndiGo only got 35 slots vacated by Jet in the Mumbai airport and that's a small portion of the total 1400 slots IndiGo has. For fiscal year 2020, year over year capacity increase in available seat per kilometre is expected to be 30%, the company said in a presentation. SEE ALSO: <a href="https://www.businessinsider.in/indigos-share-price-crashed-10-7-to-1397-on-wednesdays-closing/articleshow/70158806.cms" data-type="tilCustomLink" target="_blank">IndiGo’s shares crash to a new low after a promoter alleges the other of governance violations</a>

IndiGo airline's profit hits a new record as jet fuel prices fall and ticket prices spike

·Five European airlines, along with Virgin America have either shut shop or merged with others in the last year and a half. ·Indian airlines have been offering discounts in their war to win market share; affecting their profits. ·Jet’s grounding is the only silver lining for the <keyword id="34987" type="ORGANIZATION" weightage="20" keywordseo="aviation-industry">aviation industry</keyword>, as lower competition has increased airfares. It is not just <keyword id="6358200" type="COMPANY" weightage="20" keywordseo="jet-airways">Jet Airways</keyword> that is riding out tough times. As many as five other European airlines, along with Virgin America have either shut shop or merged with others in the past year and a half. Joining this notorious list are Iceland-based WOW Air, Germania from Germany, Denmark-based Primera, Cyprus’s Cobalt Air and UK’s Flybmi, according to a report by CARE Ratings. A range of reasons like <a href="https://www.businessinsider.in/No-fewer-than-5-European-airlines-have-collapsed-since-October-Here-they-are-/Wow-Air-defunct-March-2019-/slideshow/68673329.cms">failed expansions</a>, rise in crude and carbon costs, and devaluation of the Euro against the Dollar, led to their demise. However, many <keyword id="140941" type="COMPANY" weightage="20" keywordseo="International-airlines">international airlines</keyword> do not face the additional hardships that Indian operators do, like excessive taxation on Aviation Turbine Fuel (ATF). Domestic airlines in India pay 1.4 times the amount international peers do, due to state-level taxes, CARE ratings said, in its report on Indian airlines. This factor, along with increased crude oil prices and currency volatility in the last two years, took a toll on all domestic airlines in India, not just Jet. Discounted Growth Indian airlines have been offering discounts in their war to win market share. And, this has affected their profits as they charged fares that are one-third of what is charged in developed countries, on major routes. All the three listed airlines posted net losses for the nine months ending 2018-19. Indigo, which has a 40% market share, posted Rs 433 crore net loss. Jet Airways posted a massive net loss of RS 3,208 crore while SpiceJet’s was at RS 372 crore. Damned if you do, damned if you don’t The only good news for Indian airlines is its robust demand and capacity utilisation. But it won’t bring in many advantages, since in the Indian market, it coincides with lower airfares. Jet’s grounding is the only silver lining for the aviation industry, as lower competition has increased airfares and margins will improve. “Domestic passenger traffic growth during the year would moderate to 8-12%, as fares remain high. With Jet Airways’ entire fleet grounded, it would take considerable time for domestic airlines to make up for the extinguished seat inventory,” CARE says. And the ability of airlines to keep fares low, largely depends on how crude oil prices will move. If crude oil prices remain steady, all Indian airlines can post profits by the end of March 2020, all thanks to Jet. Considering that<a href="https://www.businessinsider.in/grounded-jet-loses-one-more-senior-executive/articleshow/69323211.cms"> top executives</a> have been quitting the company even as the sale process is on, Jet might have a tougher time getting back in the air.

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