The chief executives of major US passenger and cargo carriers on Monday warned of an impending “catastrophic” aviation crisis on Wednesday when AT&T and Verizon are set to deploy new 5G service. The airlines warned the new C-Band 5G service could potentially make a significant number of widebody aircraft unusable and “could potentially strand tens … Read more
BJP leader Subramanian Swamy has approached the Delhi High Court seeking to quash the Air India disinvestment process and set aside the approvals given to it by authorities. A bench of Chief Justice D N Patel and Justice Jyoti Singh is scheduled to hear the petition on Tuesday. Swamy, a Rajya Sabha MP, has sought … Read more
It was a Mumbai to Kolkata flight on December 9, 2021. After 15 minutes of departure, the pilots had to shut down an engine and divert the flight back to Mumbai where the aircraft LANDED SAFELY. Key points to note – SpiceJet is currently the only Boeing 737 MAX operator in India. Previously, Boeing 737 … Read more
The Company has called for an extraordinary general meeting (EGM) on 30 December, seeking approval to amend it’s Articles of Association (AoA) and remove restrictions on promoter share transfer. Key points to note – Indigo has two founders – Rahul Bhatia and Rakesh Gangwal Bhatia group owns 37.83% stake of Indigo and Gangwal group 36.61% … Read more
The Madras High Court on December 6th, 2021 directed the airline to wind up for non-payment of over $24 million to SR Technics, a Swiss company that maintains, repairs, overhauls aircraft engines and components. However, the judge then stayed the order for a period of three weeks to enable SpiceJet to go for appeal. The … Read more
GMR is announced as the winning bidder for development and operation of Kualanamu International Airport in Medan, Indonesia. Key points to note – Contract has been won by GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited. GMR will enter into 49:51 partnership with Angkasa Pura 2 (AP2) for this project. AP2 is a … Read more
In the post covid world, airlines globally are looking at revival and are expected to do very well over the short to medium term – revenge traveling for leisure as well as business. Indigo to ensure that it continues to remain the leading airline in India, has listened to it’s customers and is in the … Read more