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
Malaysia’s AirAsia Group Bhd said it has reached a deal with Airbus SE to restructure an order for 362 narrowbody planes worth tens of billions of dollars, including switching 13 A320neos to the larger A321neo model. Deliveries of the 362 A321neos are now planned through 2035, the cash-strapped airline said on Wednesday, without providing details … Read more
With covid-19 vaccination drive in full steam across the world, nearly 73% of millennial Indians would like to travel to international destinations with fewer covid cases, a travel sentiment tracker said. About 67% would want to go to destinations with easy covid policies and protocols, according to Business Of Travel Trade (BOTT), a media platform … Read more
AAHL will acquire a 74% stake in April Moon Retail Pvt Ltd for ₹7.40 lakh, Adani Enterprises said in a regulatory filing on Monday Adani Airport Holdings Ltd (AAHL) will acquire a majority stake in April Moon Retail Pvt Ltd (AMRPL) for a strategic partnership to operate duty free outlets at ariports. A wholly-owned subsidiary … Read more
SpiceJet confirmed to have received shareholders’ approval to transfer its cargo and logistics services business to its subsidiary, SpiceXpress and Logistics Private Ltd. (SLP), on a slump-sale basis, for Rs 2,555.77 crore. Key points to note – Transfer of business is to a wholly owned subsidiary without any cash consideration. SLP will issues shares to … Read more
Airlines can now operate a maximum of 85 per cent of their pre-Covid domestic flights instead of the 72.5 per cent allowed till date, the ministry of civil aviation stated on Saturday. The carriers have been operating 72.5 per cent of their pre-Covid domestic flights since August 12, according to the ministry’s order. Between July … Read more
SEBI had previously kept IPO on hold in June 2021 due to some pending enquiry against the Wadia Group that owns 73.33% of the Company. Key points to note – The Company can now go ahead and file the final prospectus. Roadshows can happen to gauge investor interest. The Company aims to raise Rs 1,500 … Read more