SpiceJet to raise Rs 2,250 cr via equity to push growth and improve financial position
Dec 13, 2023, at 05:24 am
Mumbai: SpiceJet's board on Tuesday approved the raising of fresh capital exceeding Rs 2,250 crore, ET reported.
Dec 08, 2023, at 07:05 am
New Delhi: Regional Connectivity Scheme (RCS)-UDAN has enhanced regional air connectivity by connecting previously unserved and underserved airports in remote areas of the country.
Airline sector expected to earn net profit of $25.7 billion in 2024
Dec 07, 2023, at 09:28 am
The airline sector is expected to achieve a net profit of $25.7 billion in 2024, reflecting a return to more typical growth in both passenger and cargo segments, the International Air Transport Association (IATA) on Wednesday said.
Income Tax Commissioner confirms tax demand of Rs 1,666 cr on IndiGo
Nov 23, 2023, at 07:08 am
New Delhi: The Commissioner of Income Tax-Appeals has affirmed a tax demand of nearly Rs 1,666 crore on Interglobe Aviation, the parent company of IndiGo airlines, as disclosed in a notice to stock exchanges on Wednesday, Moneycontrol reported.
Nov 22, 2023, at 06:13 am
New Delhi: In the wake of disruptions in flight operations caused by a shortage of spare parts amid global supply chain difficulties, Indian aviation companies are increasingly seeking non-critical aircraft components from domestic suppliers, Mint reported citing industry sources.
Air India poised to restore entire 'long grounded' fleet since Tata Group took reins
Nov 09, 2023, at 05:26 am
Mumbai: Air India is set to restore its entire "long-grounded" fleet, which has been out of operation since the Tata Group took over two years ago.
Hyderabad International Airport embarks on phase-wise expansion
Nov 04, 2023, at 04:31 am
Hyderabad: In order to cater to the rising demand in passenger traffic and augment the passenger handling capacity, GMR Hyderabad International Airport (GHIA) has embarked on a phase-wise expansion.
InterGlobe Aviation posts Rs 189 crore profit in Q2
Nov 04, 2023, at 03:16 am
New Delhi: InterGlobe Aviation, the company that operates IndiGo Airlines, on Friday reported a Rs 188.9 crore consolidated net profit for the September quarter (Q2) of the current financial year 2023-24 as against a net loss of Rs 1,583.3 crore in the same period a year ago.
Air India sets up integrated mega engineering warehouse in Delhi
Oct 06, 2023, at 05:43 pm
New Delhi/IBNS: Air India, the Tata-owned global airline, has commissioned a mega warehouse facility in Delhi to facilitate storage of over 1,000,000 engineering spares that are integral to maintenance, checks and repairs of its aircraft and ground support equipment.
CCI approves Air India-Vistara merger
Sep 02, 2023, at 02:48 am
New Delhi: India’s anti-trust watchdog the Competition Commission of India (CCI) has approved the merger of Tata Group airlines Vistara and Air India, making Air India the largest international carrier in India and the second biggest domestic carrier after IndiGo.
Troubled airline Go First faces fresh challenge as more employees resign
Aug 17, 2023, at 05:07 am
Mumbai: Grounded airline Go First is witnessing a high rate of attrition amid its attempts to restart operations, media reports said.
Akasa Air completes one year of commercial ops
Aug 09, 2023, at 05:38 am
Kolkata: Akasa Air on Tuesday completed one year of commercial operations in the Indian skies.
IndiGo reports Rs 3,091 cr profit in Q1FY24; revenue from ops grows to Rs 16,683 cr
Aug 03, 2023, at 02:48 am
Gurugram: InterGlobe Aviation, the parent company of IndiGo, reported a notable turnaround in its financial performance for the quarter ending June 2023.
Akasa Air expands international ambitions with addition of 20th aircraft to fleet
Aug 02, 2023, at 02:46 am
Bengaluru: India’s newest carrier, Akasa Air, announced on Tuesday the addition of the 20th jet to its fleet, ushering it into the league of international airlines in India.
Air India, IndiGo get DGCA approval to import aircraft
Aug 01, 2023, at 03:10 am
New Delhi: Air India and Interglobe Aviation, the operator of Indigo, have been given approval by the Directorate General of Civil Aviation (DGCA) to import aircraft, the Ministry of Civil Aviation announced
Heli Summit 2023: Civil Aviation Minister Jyotiraditya Scindia launches UDAN 5.2 and HeliSewa app
Jul 26, 2023, at 01:15 am
Khajuraho: Civil Aviation Minister Jyotiraditya Scindia launched Regional Connectivity Scheme UDAN 5.2 and HeliSewa app during the Heli Summit 2023 in Khajuraho, Madhya Pradesh on Tuesday.
5th Helicopter & Small Aircraft Summit to be held on Tuesday at MP's Khajuraho
Jul 23, 2023, at 09:05 pm
New Delhi: The 5th Helicopter and Small Aircraft Summit will be held on July 25 in Khajuraho, Madhya Pradesh, the Ministry of Civil Aviation said.
SpiceJet pays back Rs 100 cr loan to City Union Bank, frees collaterals
Jul 04, 2023, at 03:09 am
New Delhi: SpiceJet on Monday announced the successful settlement of a loan payment amounting to Rs 100 crore to City Union Bank, news agency ANI reported.
IndiGo's promoter company InterGlobe Aviation valued at Rs 1 lakh cr
Jun 29, 2023, at 11:39 pm
New Delhi: InterGlobe Aviation, the parent company of IndiGo, achieved a significant milestone by becoming the first airline in India to reach a market valuation of Rs 1 lakh crore, media reports said.
Domestic airlines register 36.10% annual growth in passenger count and monthly growth of 15.24%
Jun 17, 2023, at 08:24 am
New Delhi: Passengers carried by domestic airlines registered an annual growth of 36.10% and monthly growth of 15.24%, the ministry of civil aviation said Friday citing traffic data provided by different domestic airlines.
Go First Insolvency: Central Bank of India, 3 other lessors file applications in NCLT
Jun 15, 2023, at 08:42 am
Mumbai: Central Bank of India and lessors including SMBC Afro Engine Leasing, Bluesky 19 Leasing Company Limited, and Bluesky 31 Leasing Company Limited, filed fresh applications in the insolvency plea of Go First at the National Company Law Tribunal (NCLT), media reports said.
IndiGo denies report on buying majority stake in troubled Go First airline
Jun 12, 2023, at 02:10 am
Gurugram: InterGlobe Aviation Ltd which operates India’s largest airline IndiGo has refused to answer queries over news reports that it is trying to buy a majority stake in troubled carrier Go First.
DGCA allows Go First 30 days to submit revival plan
May 27, 2023, at 05:00 am
New Delhi: Aviation regulator Directorate General of Civil Aviation (DGCA) has allowed cash-strapped airline Go First a 30-day period to present a detailed plan for reviving its operations, media reports said.
May 24, 2023, at 05:16 am
New Delhi: The number of passengers taking domestic flights reached a record-breaking 503.92 lakh in the last one year, marking a substantial annual growth of 42.85% compared to 352.75 lakh passengers same period the previous year, data from domestic carriers revealed.
Decarbonisation: Air Asia India operates India's first flight using sustainable aviation fuel
May 20, 2023, at 07:56 am
New Delhi: In a move towards decarbonisation of the aviation sector, budget carrier Air Asia India on Friday operated the first commercial flight in India powered by a blend of ‘indigenous’ sustainable aviation fuel (SAF).
May 17, 2023, at 07:39 am
The Interim Resolution Professional (IRP) of Go First Abilash Lal has informed the National Company Law Tribunal (NCLT) that the financially strained airline has incurred disproportionate liabilities due to the grounding of its aircraft, Moneycontrol reported.
Go First may start services soon after NCLT approves insolvency plea: Report
May 11, 2023, at 10:13 pm
Mumbai: Cash-strapped budget carrier Go First may resume regular flights soon as it plans to go business as usual after the National Company Law Tribunal (NCLT) gave its nod to the company’s insolvency plea, paving the way for the airline’s revival.
Airbus to set up new assembly line in China, gets nod for 160 plane order
Apr 08, 2023, at 04:11 am
Beijing: European aircraft manufacturer Airbus has announced plans to set up a second assembly line in China, with the aim of doubling its capacity in the country and enhancing its presence in the world's second-largest aviation market, Reuters reported.
Air India launches Premium Economy class on select flights
Apr 01, 2023, at 01:54 am
New Delhi: Air India introduces an all-new Premium Economy experience for travellers, offering a superior cabin product, world-class inflight services, and added on-ground convenience.
Man booked for smoking, misbehaving on Air India's London-Mumbai flight
Mar 12, 2023, at 08:30 pm
Mumbai: A case has been registered against an unruly passenger, who was caught smoking in the lavatory on an Air India London-Mumbai flight, Mumbai Police said on Sunday, news agency ANI reported