Acquiring grounded aircraft in India remains a significant challenge, said two senior executives of the Challenge Group, which recently got court approval to acquire three wide-body aircraft of grounded Jet Airways after a delay of more than a year. “Unfortunately, it’s already been two years. It’s a very long period and the process has created … Read more
Domestic market leader IndiGo will levy a distance-based “fuel charge” ranging from Rs 300 to Rs 1,000 on all its flights due to increase in aviation turbine fuel (ATF) prices. This comes into effect from today. While comments were sought from other airlines, SpiceJet said it will levy a fuel charge without giving details. Other … Read more
The bad news from Pratt & Whitney (P&W) shows no signs of ebbing for customer airlines using its snag-ridden engines on the best-selling single aisle Airbus A320neo planes and passengers. The engine-maker has now warned that “600 to 700 engines will be removed for shop visits between 2023 and 2026 (and) the accelerated removals and … Read more
India is set to double its commercial fleet and airport capacity in metro cities in the next three to four years, Union minister of civil aviation Jyotiraditya Scindia said on Friday. “There will come a time in India, in the not-too-distant future, the next three years, four years, where our fleet capacity will grow from … Read more
In September 2021, SpiceJet had taken shareholders’ approval to transfer it’s cargo and logistics services business to its subsidiary, SpiceXpress and Logistics Private Ltd. (SLP), on a slump-sale basis, for Rs 2,555.77 cr. In it’s board meetings dated February 27, 2023, it has finally fixed April 1, 2023 as the date from which cargo business … Read more
Spicejet has informed that it has settled with Airports Authority of India (AAI) and has cleared all the ‘principal’ dues. Financial difficulties of the airline are widely known. It has been defaulting/ delaying on most of it’s financial commitments. It was moved to ‘cash and carry system’ in airports run by the AAI. Spicejet has … Read more
On Saturday i.e., July 2, 2022 as per reports only 55% of Indigo’s flights could operate on time. Reason – Significant number of cabin crew members took sick leave. As per industry sources – majority of IndiGo’s cabin crew members who took sick leave had gone for Air India’s recruitment drive. This event should not … Read more
It is not easy for an airline to turn a profit in India and a lot of issues such as fare caps and high taxes on aviation turbine fuel (ATF) have to be resolved, a senior IATA official said on Sunday. Philip Goh, Regional Vice President for Asia Pacific of International Air Transport Association … 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