SpiceJet clears employee PF dues of Rs 160.07 cr
Dec 13, 2024, at 07:09 pm
New Delhi: SpiceJet has fully cleared its pending employee provident fund (PF) dues of Rs 160.07 crore, covering a period of two years, the airline said on Friday.
Indian aviation makes history as domestic airlines carry 5.05 lakh passengers in a single day
Nov 18, 2024, at 11:02 pm
New Delhi/IBNS: Indian aviation on Sunday (Nov. 17) achieved a historic milestone, surpassing 5 lakh domestic passengers in a single day for the first time.
Air India announces major changes in senior management ahead of merger with Vistara
Nov 09, 2024, at 02:55 am
Mumbai: Air India Group has announced several senior management changes as it prepares for the merger of Air India and Vistara, effective November 12.
IndiGo co-founder Rakesh Gangwal appointed Chairman of Southwest Airlines
Nov 07, 2024, at 06:23 am
Billionaire and IndiGo co-founder Rakesh Gangwal has been appointed as the Chairman of Southwest Airlines, the U.S.-based carrier announced, media reports said.
Boeing US West Coast factory workers accept new contract, ending seven-week strike: Report
Nov 05, 2024, at 10:25 pm
Mukilteo (US) : Boeing's factory workers on the U.S. West Coast agreed to a new contract on Monday, concluding a seven-week strike that had stalled jet production and worsened the financial situation for the struggling planemaker, Reuters reported.
Air India receives DGCA approval to modify aircraft interiors in-house
Oct 29, 2024, at 03:00 am
Gurugram: Tata Group-owned Air India has received the Design Organisation Approval (DOA) from the Directorate General of Civil Aviation (DGCA) designated as CAR 21 approval, the airline said in a press release.
IndiGo Ventures gets SEBI approval to launch Venture Capital Fund to invest in aviation startups
Oct 16, 2024, at 12:50 am
Gurugram: Budget carrier IndiGo Tuesday announced that its corporate venture capital fund, IndiGo Ventures, has received the Alternative Investment Fund approval from the Securities and Exchange Board of India (SEBI), according to an official statement.
Akasa Air partners with Rolls Royce for engine leasing deal
Oct 10, 2024, at 06:16 am
Mumbai: Akasa Air and Rolls-Royce & Partners Finance Engine Leasing (India) IFSC Pvt Ltd have entered into a partnership to provide a long-term sale and leaseback arrangement for two LEAP-1B engines, with deliveries scheduled for September and October 2024.
Oct 05, 2024, at 01:38 am
New Delhi: Troubled-airline SpiceJet deposited provident dues accumulated over the past 10 months, media reports said.
UP-based Shankha Air gets govt approval to operate
Sep 25, 2024, at 05:56 am
New Delhi: India's newest airline, Shankh Air, has received approval from the Civil Aviation Ministry, in a key step towards launching its operations, media reports said.
SpiceJet eyeing growth with aircraft ungrounding, fleet expansion, exclusive destinations: Report
Sep 07, 2024, at 10:54 pm
New Delhi/IBNS: Indian low-cost airline SpiceJet, which is struggling with heavy financial dues, said on Friday (Sept 6) that it expects a 'promising growth' for its operations, helped by a likely ungrounding of aircraft, impending expansion of the aircraft fleet, exclusive access to regional destinations, and also access to international destinations.
UDAN round 5.3 reopens bidding for routes discontinued before 3-yr tenure
Aug 03, 2024, at 06:29 am
New Delhi: Air routes that were discontinued before the three-year tenure have been re-offered for bidding under UDAN Round 5.3, Minister of State for Civil Aviation Murlidhar Mohol informed Lok Sabha on Thursday.
Govt permits 100% FDI via automatic route for aircraft maintenance, repair and overhaul
Aug 03, 2024, at 05:47 am
New Delhi: In a major boost to the domestic MRO industry and to the aviation sector, the Centre has announced a uniform rate of 5% IGST on imports of parts components, testing equipment, tools and tool-kits of aircraft, irrespective of their HSN classification subject to specified conditions.
Gautam Adani-led Adani Group planning investment Vietnam's airports
Jul 31, 2024, at 11:01 pm
Hanoi: Gautam Adani-led Adani Group is exploring investments in two airports in Vietnam, Reuters reported, citing a statement by the Vietnamese government on Wednesday.
IndiGo Q1FY25: Net profit drops 11.7% to Rs 27,288 million on increased expenses
Jul 27, 2024, at 01:56 am
Gurugram: IndiGo operator Interglobe Aviation reported an 11.7% drop in net profit in the first-quarter of FY25 to Rs 27,288 million against Rs 30,906 million with increased expenses overshadowing strong air travel demand.
SpiceJet's CFO Ashish Kumar resigns; Joyakesh Podder appointed Deputy CFO
Jul 17, 2024, at 07:00 am
Mumbai: SpiceJet announced on Tuesday that Chief Financial Officer Ashish Kumar will be departing the company to pursue other opportunities.
India aims to become leading aviation hub with $4 billion MRO Industry by 2030: Rammohan Naidu
Jul 17, 2024, at 12:01 am
Union Civil Aviation Minister Kinjrapu Rammohan Naidu has announced the implementation of a uniform IGST rate of 5% on all aircraft and aircraft engine parts, effective from today,15th July 2024.
IATA to hold its AGM in Delhi in 2025
Jun 05, 2024, at 07:26 am
New Delhi: In a show of faith in India's advancing position in global aviation, New Delhi is set to host the 81st Annual General Meeting (AGM) of the International Air Transport Association (IATA) next year, media reported.
IndiGo Q4FY24 net profit multiplies more than double YoY to Rs 18,948 million on strong demand
May 24, 2024, at 04:03 am
Gurgaon: InterGlobe Aviation Ltd., which operates budget airline IndiGo, today reported a net profit of Rs 18,948 million in the fourth quarter of FY24 compared to net profit of Rs 9,192 million.
May 17, 2024, at 11:26 pm
New Delhi: The Delhi High Court on Friday reversed its previous decision that upheld the arbitral award favouring Kalanithi Maran over low-cost airline SpiceJet, bringing relief to the financially struggling carrier, media reports said.
Delhi High Court orders SpiceJet to pay $1.58 million to engine lessors by May 22: Report
May 04, 2024, at 04:22 am
New Delhi: The Delhi High Court directed SpiceJet on Friday to remit $1.58 million to its engine lessors Team France and Sunbird France by May 2 even as it acknowledged negotiations between the budget carrier and the lessors are ongoing, with final settlement terms yet to be established, media reports said.
Air India recruited over 5,700 staff members in FY24 as part of its f-yr revival plan
Apr 06, 2024, at 05:45 am
Mumbai: Air India recruited over 5,700 staff members, with over 3,800 comprising the flying crew in the FY24, as a component of its five-year revival strategy aimed at restoring the airline's fortunes, media reported citing the airline's statement.
Virgin Atlantic plans to offer over 1 million seats to India by 2025
Apr 04, 2024, at 05:37 am
Bengaluru: Virgin Atlantic on Wednesday signalled its strong commitment to India by launching a new daily service to Bengaluru and announcing a second daily flight to Mumbai, starting this October.
SpiceJet & Cross Ocean Partners settle Rs 93 crore dispute
Mar 06, 2024, at 06:22 am
New Delhi: Private airline SpiceJet on Tuesday said that it has reached settlement terms with aircraft leasing firm, Cross Ocean Partners, resolving a dispute of about USD 11.2 million (Rs 93 Crore).
Singapore's anti-trust watchdog okays Vistara-Air India merger
Mar 06, 2024, at 03:06 am
Singapore's anti-trust regulator announced its approval of the merger between Air India, owned by Tata Group, and Vistara, a joint venture between Tata and Singapore Airlines, subject to certain conditions, Reuters reported.
IndiGo Q3FY24 net profit jumps to Rs 29,981 million
Feb 03, 2024, at 04:59 am
Gurgaon, February 2, 2024: InterGlobe Aviation Ltd, the parent company of India's largest airline IndiGo reported a net profit of Rs 29,981 million for the quarter that ended December 2023, compared to Rs 1,418 crore in the year-ago period.
Construction of CAT IIIB-compliant airstrip 28/10 to be completed this week: Jyotiraditya Scindia
Jan 18, 2024, at 08:04 am
New Delhi: Civil Aviation Minister Jyotiraditya Scindia on Wednesday said that the construction project for rehabilitating Delhi Airport's CAT IIIB-compliant airstrip 28/10 is set to be completed this week, media reports said.
SpiceJet shareholders approve plan to raise funds via shares and warrants
Jan 11, 2024, at 04:47 am
Mumbai: Shareholders of SpiceJet have approved the company's proposal to raise funds through the issuance of equity shares and warrants, according to a regulatory filing following the annual general meeting (AGM) on January 10.
Air India appoints P. Balaji as Group Head GRC & Corporate Affairs
Jan 04, 2024, at 02:40 am
Gurugram: Air India Wednesday announced the appointment of P. Balaji in a newly created role of Group Head- Governance, Regulatory, Compliance (GRC) and Corporate Affairs.
Dec 13, 2023, at 06:06 am
New Delhi: To strengthen India's aerospace manufacturing and maintenance, repair, and overhaul (MRO) sector, Civil Aviation Minister Jyotiraditya Scindia on Tuesday urged leaders of aerospace manufacturing companies to work together and share their needs from various government departments, an official release said.