Delhi High Court orders SpiceJet to pay $1.58 million to engine lessors by May 22: Report
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
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
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
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
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
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
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
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
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.
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.
SpiceJet to raise Rs 2,250 cr via equity to push growth and improve financial position
Mumbai: SpiceJet's board on Tuesday approved the raising of fresh capital exceeding Rs 2,250 crore, ET reported.
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
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
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.
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.