Business Archives | Page 19 of 102

Go First Gone: Another private airline disappears from the Skies, Marking the 11th Closure in a Decade

May 22, 2023 Editor

The tottering Indian aviation sector hit fresh turbulence when early this month, another flourishing private airline was suddenly grounded owing to various problems, making it the 11th in a decade to fall from the skies. Throwing their hands up, the Go First budget airline’s owners — the Wadia Group — filed voluntary insolvency resolution proceedings before the National Company Law Tribunal (NCLT) sending shockwaves through the entire airline industry. Go First was plagued by a peculiar problem — the purported failure of the jet engine manufacturer, Pratt & Whitney, USA,…

Hope For Tourism Rejuvenation: G20 sparks optimism for the return of Foreign Tourists to Kashmir

May 17, 2023 Editor

As the G20 tourism working group meeting is due to take place in Srinagar, there has been a resurgence of confidence among the tourism stakeholders that foreign tourists would soon start travelling to Kashmir in great numbers. On the shores of the Dal Lake, Sher-e-Kashmir International Conference Centre (SKICC) is all set to host this year’s largest international summit from May 22 to May 24. To make the occasion attractive and historic, Srinagar has been transformed into a smart city. As plans are being finalised for the third meeting of the…

Skyrocketing airfares to Kashmir: A worry for Tourism Players, Students, Patients

May 15, 2023 Editor

Amid peak tourism season, the skyrocketing airfares to Kashmir causes a worry among the people associated with the tourism industry who want government attention to the unfair airfare applied by different airlines. Nisar Shah, chairman of the chairman of the Jammu and Kashmir Tourism Alliance said that many tourists aspiring to visit the valley have cancelled their plans due to skyrocketing airfares. “None of their fresh queries are maturing and all our potential clients are turning down the travel programme due to skyrocketing airfares,” he said and added halting of operations…

Hoteliers across Kashmir & Ladakh concerned over decrease in tourist footfall

May 15, 2023 Editor

Hoteliers across Kashmir Valley concerned over decrease in tourist footfall

With the ongoing crisis in a private airline company (Go First) and also the frequent closure of the Srinagar-Leh highway, Ladakh has reported massive booking cancellation of hotels and other allied services associated with tourism. Due to the Go First crisis, the ticket prices of other airlines are skyrocketing, say hoteliers. May, June and July comprise the peak season for tourism in the cold desert region. While many international tourists did not visit Ladakh after 2020 due to Covid-19 restrictions, the UT witnessed over five lakh tourists, mostly domestic ones,…

Sky-High Air Prices and Cancellations plague Kashmir’s Tourism Industry

May 13, 2023May 13, 2023 Editor

Several tourism stakeholders have expressed concern over the soaring air prices which they say have dampened the tourist inflow with the arrival of the peak season. Talking to the news agency—Kashmir News Observer (KNO), the tourism stakeholders said they are facing a massive decline and cancellations of fresh bookings. Many tourists aspiring to visit the valley have cancelled their plans due to skyrocketing airfares, said Nisar Shah, chairman of the Jammu and Kashmir Tourism Alliance. “None of their fresh queries are maturing and all our potential clients are turning down…

Love in the Air: Discovering the Most Romantic Places to Visit in the Kashmir Valley

May 9, 2023May 9, 2023 Editor

The Kashmir Valley is one of the most romantic places in this part of the world. Here are five must-visit places in Kashmir for newlyweds searching for domestic honeymoon destinations or couples seeking a romantic getaway this summer. Kashmir is without a doubt, one of the most romantic places in the world. The Valley has many incredible places for a fabulous date or a romantic rendezvous. The paradise on earth, Kashmir, has spectacular views, beautiful gardens, dense forests, snow-capped mountains, beautiful lakes, captivating waterfalls. The best time to visit Kashmir is…

Amid financial crunch Go First cancels all flights for May 3&4, leaving tourists stranded

May 3, 2023 Editor

In a major blow to its passengers, low-cost airline Go First has announced that all its flights will remain cancelled on May 3-4. The decision was communicated to the Directorate General of Civil Aviation (DGCA) by the airlines and as per sources, a detailed report will be submitted soon to the civil aviation regulator.Adding to the uncertainty, the Mumbai-based airline has also stopped taking bookings for the next two days. The move came after Go First, which has around 5,000 employees, filed an application for voluntary insolvency resolution proceedings before…

Fresh Snowfall Delights Tourists, Creating a Magical Experience

April 29, 2023 Editor

Jammu and Kashmir’s famous tourist destinations, like Sonamarg, Pehalgam, Kokernag, and Gulmarg have been blanketed with fresh snow following recent snowfall in the upper reaches of the region. The snowfall has brought a unique flavour to the region, providing a magical experience for both locals and tourists. Tourists are quite upbeat about their experience in Kashmir. “The snow-covered mountains and valleys are just breathtaking,” said Harry, a tourist from the United States. “It’s truly a winter wonderland.” While snowfall can be a hassle for some, for tourists in Kashmir, it’s…

Eleven tourists from Gujarat caught with fake gondola passes in Kashmir

April 27, 2023 Editor

The authorities on Thursday caught 11 tourists and a local guide with fake and edited Gandola tickets at famous ski resort Gulmarg in north Kashmir’s Baramulla district. An official told the news agency—Kashmir News Observer (KNO) that 11 tourists from Gujarat along with a local guide who had come to board Gondola from Kongdori to Gulmarg were caught with fake and edited tickets. He said they had reached Kongdori through ponies and had come to undertake return journey on fake and edited tickets. “To avoid inconvenience to tourists they were…

Kashmir Inc alleges collusion between Airlines and Tour Operators in Inflating Airfares

April 16, 2023 Editor

The Kashmir Chamber of Commerce & Industry Saturday alleged that some airlines in collusion with bulk ticket booking operators are hiking the airfares at their sweet will in wake of the huge influx of tourists and Non-Resident Kashmiris (NRK). The Chamber said that the feedback received about the tourist inflow to Kashmir Valley by air route indicates that the rush of air travelers to the valley is increasing as besides the tourists, a large number of NRKs, students and patients taking treatment outside of the state are returning home for…