SYDNEY: An Air India Dreamliner touched down in Australia, marking the resumption of direct flights by the carrier after a 16-year gap as it seeks to tap a potentially lucrative market.
Air India’s country manager Ravi Bodade said he was confident of regularly filling the daily services that also go via Melbourne on the 256-seat Boeing 787-880 Dreamliner planes.
“It is a state-of-the-art aircraft, and we have a large Indian diaspora here — there is a huge student community and we are confident of filling up the aircraft,” he said.
No other airlines fly directly between the two countries with Australian flag carrier Qantas halting its unprofitable Sydney-Mumbai service in 2009.
According to Sydney Airport, India has been Australia’s largest unserved market, with 140,000 passengers last year traveling between New Delhi and Sydney via Asian hubs.
Tourism Australia managing director Andrew McEvoy said direct flights were essential if Australia was to secure its share of the 50 million Indians expected to be traveling outside their own country by the end of this decade.
“India is one of our fastest-growing inbound markets, particularly among leisure travelers, who have Australia high up on their wish list of international holiday destinations,” he said.
“With Indian arrivals up nearly eight percent so far this year, the demand is clearly there and I have little doubt that Air India’s re-entry into the Australian market will be widely and warmly applauded by both Indian travelers and by tourism operators here in Australia.”
Despite Indian arrivals booming, Qantas said it had no plans to resume a direct service.
“Qantas International has a large presence in Asia — together with our partners we offer 130 flights per week between Australia and 11 of the region’s major cities — and India is part of our network through our alliance with Jet Airways,” a spokesman said.
“However, we have no plans to resume direct flights to India at this stage.”
Diplomatic ties between Delhi and Canberra have been strained in recent years after a spate of violent crimes against Indian students prompted street protests, but Australia remains a popular destination for both foreign students and tourists.
The Air India arrival was the first in Australia by a Boeing 787 Dreamliner, which has suffered a series of problems since coming into service, including a global grounding of its fleet this year over battery system problems.
Qantas has 14 on order but their delivery has been delayed until later this year.
Air India resumes direct flights to Australia
Air India resumes direct flights to Australia
Closing Bell: Saudi main index closes in red at 10,947
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Thursday, losing 208.20 points, or 1.87 percent, to close at 10,947.25.
The total trading turnover of the benchmark index was SR4.80 billion ($1.28 billion), as 14 of the listed stocks advanced, while 253 retreated.
The MSCI Tadawul Index decreased, down 25.35 points, or 1.69 percent, to close at 1,477.71.
The Kingdom’s parallel market Nomu lost 217.90 points, or 0.92 percent, to close at 23,404.75. This came as 24 of the listed stocks advanced, while 43 retreated.
The best-performing stock was Musharaka REIT Fund, with its share price up 2.12 percent to SR4.34.
Other top performers included Al Hassan Ghazi Ibrahim Shaker Co., which saw its share price rise by 1.18 percent to SR17.20, and Saudi Industrial Export Co., which saw a 0.8 percent increase to SR2.51.
On the downside, Abdullah Saad Mohammed Abo Moati for Bookstores Co. was among the day’s biggest decliners, with its share price falling 9.3 percent to SR39.
National Medical Care Co. fell 8.98 percent to SR128.80, while National Co. for Learning and Education declined 6.35 percent to SR116.50.
On the announcements front, Red Sea International said its subsidiary, the Fundamental Installation for Electric Work Co., has entered into a framework agreement with King Salman International Airport Development Co.
In a Tadawul statement, the company noted that the agreement establishes the general terms and conditions for the execution of enabling works at the King Salman International Airport project in Riyadh.
Under the 48-month contract, the scope of work includes the supply, installation, testing, and commissioning of all mechanical, electrical, and plumbing systems.
Utilizing a re-measurement model, specific work orders will be issued on a call-off basis, with the final contract value to be determined upon the completion and measurement of actual quantities executed.
The financial impact of this collaboration is expected to begin reflecting on the company’s statements starting in the first quarter of 2026, the statement said.
The company’s share price reached SR23.05, marking a 2.45 percent decrease on the main market.









