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Time of India
2 hours ago
- Time of India
India-origin Nikhil Ravishankar set to pilot Air New Zealand as CEO
India-origin Nikhil Ravishankar is set to take over as the CEO of Air New Zealand from October this year after being associated with the carrier for nearly five years. Incidentally, Air India CEO and MD Campbell Wilson is from New Zealand. Explore courses from Top Institutes in Please select course: Select a Course Category Artificial Intelligence Data Analytics Others healthcare Technology Healthcare Digital Marketing Design Thinking Project Management Cybersecurity Leadership Product Management Data Science Management Degree Data Science Finance PGDM Public Policy Operations Management MBA MCA others CXO Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details "Currently the airline's Chief Digital Officer, Nikhil will officially take over as CEO on 20 October 2025. In the nearly five years that Nikhil has been at Air New Zealand he has gained a deep understanding of the aviation sector, and the airline. He has also led major advances in the airline's technology backbone, loyalty programme and customer proposition," Air New Zealand said in a statement on July 30. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Prior to joining the airline, Ravishankar was Chief Digital Officer at Vector and Managing Director of Accenture. "I'm both thrilled and humbled to be given this opportunity to lead Air New Zealand... airlines are complex, and safety underpins every decision we make," he said in the statement. Live Events Air New Zealand offers more than 400 flights a day to 49 domestic and international destinations. It has a fleet of more than 100 planes, including Boeing 777s, 787s, Airbus 320s, ATRs and Q300s, as per its website. Meanwhile, Air New Zealand and Air India, in March this year, announced that they will explore the introduction of a direct service between the two countries by the end of 2028, subject to new aircraft deliveries and approvals from relevant government regulators. Both airlines had also inked a Memorandum of Understanding (MoU) to boost air connectivity between India and New Zealand. Both airlines will have a new codeshare partnership on 16 routes between India, Singapore, Australia, and New Zealand. "Customers will now be able to travel from the Indian cities of Delhi, Mumbai, Bengaluru and Chennai on Air India, and connect at Sydney, Melbourne or Singapore onto Air New Zealand-operated flights to Auckland, Christchurch, Wellington and Queenstown," Air India said in March. PTI
NDTV
2 hours ago
- NDTV
India-Origin Nikhil Ravishankar Set To Become Air New Zealand's CEO
New Delhi: India-origin Nikhil Ravishankar is set to take over as the CEO of Air New Zealand from October this year after being associated with the carrier for nearly five years. Incidentally, Air India CEO and MD Campbell Wilson is from New Zealand. "Currently the airline's Chief Digital Officer, Nikhil will officially take over as CEO on 20 October 2025. In the nearly five years that Nikhil has been at Air New Zealand he has gained a deep understanding of the aviation sector, and the airline. He has also led major advances in the airline's technology backbone, loyalty programme and customer proposition," Air New Zealand said in a statement on July 30. Prior to joining the airline, Ravishankar was Chief Digital Officer at Vector and Managing Director of Accenture. "I'm both thrilled and humbled to be given this opportunity to lead Air New Zealand... airlines are complex, and safety underpins every decision we make," he said in the statement. Air New Zealand offers more than 400 flights a day to 49 domestic and international destinations. It has a fleet of more than 100 planes, including Boeing 777s, 787s, Airbus 320s, ATRs and Q300s, as per its website. Meanwhile, Air New Zealand and Air India, in March this year, announced that they will explore the introduction of a direct service between the two countries by the end of 2028, subject to new aircraft deliveries and approvals from relevant government regulators. Both airlines had also inked a Memorandum of Understanding (MoU) to boost air connectivity between India and New Zealand. Both airlines will have a new codeshare partnership on 16 routes between India, Singapore, Australia, and New Zealand. "Customers will now be able to travel from the Indian cities of Delhi, Mumbai, Bengaluru and Chennai on Air India, and connect at Sydney, Melbourne or Singapore onto Air New Zealand-operated flights to Auckland, Christchurch, Wellington and Queenstown," Air India said in March.
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Business Standard
2 hours ago
- Business Standard
Indian hospitality sector dips on geopolitical tensions in June quarter
India's hospitality sector experienced a slowdown in the June quarter (Q2 CY2025), a period already known for seasonal weakness. This year's dip, however, was amplified by external shocks including the Pahalgam terror attack and an Air India crash in Ahmedabad, which significantly dented travel sentiment across key markets. 'The dip in Q2 CY2025 (April–June) performance was largely driven by a seasonal slowdown and early monsoon impact, further compounded by external national incidents such as the Indo-Pak tensions and the Air India crash, which curtailed travel demand across key markets,' noted consultancy firm HVS Anarock in its monthly hospitality monitor. Average room rates (ARR) declined sequentially across major cities. Jaipur saw the steepest drop, with rates down 37–39 per cent from the March quarter. New Delhi and Goa followed with ARR dips of 27–29 per cent, while Mumbai and Gurugram saw declines of 20–22 per cent. Occupancy levels also fell across cities, with Jaipur reporting the highest drop of 20–22 per cent, followed by New Delhi at 11–13 per cent. The dip reflects a sharp pullback in travel, particularly in markets that are heavily dependent on tourism and business travel. Domestic air travel also mirrored the softening trend, with passenger traffic falling 2.8 per cent sequentially to 41.9 million. IHCL, ITC Hotels report impact, but signal resilience Indian Hotels Company (IHCL), which operates the Taj chain, reported a 3 per cent top-line impact due to geopolitical tensions in northern India. Despite this, IHCL posted a 32 per cent year-on-year rise in revenue from operations to Rs 2,041.8 crore. Revenue per available room (RevPAR) at domestic properties rose 11 per cent YoY. ITC Hotels also flagged disruptions in May due to geopolitical events but noted a recovery following ceasefire announcements. 'While the geopolitical developments in May had temporarily affected business in certain locations, the hospitality sector bounced back progressively thereafter,' the company said, adding that long-term fundamentals remain strong. Festive and monsoon demand expected to lift Sept quarter Industry insiders remain optimistic about the upcoming quarter. 'We have a slew of festivals in the September quarter and the Independence-Day long weekend, too, is showing good booking trends early on. With monsoon demand also inching up now amid a steady geopolitical environment, the September quarter should be that of recovery,' an executive said. Puneet Chhatwal, managing director and CEO of IHCL, expressed confidence in a strong second half. 'Notwithstanding geopolitical tensions, we are expecting a strong performance in August, followed by an equally strong September,' he told analysts earlier this month. The combination of a favourable demographic profile, rising consumption, and sustained domestic demand is expected to support the hospitality sector's recovery in the quarters ahead.
