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
The Directorate General of Civil Aviation (DGCA) on Thursday allowed Boeing 737 Max to fly in Indian airspace again, after carrying out the required safety modifications. The Boeing 737 Max planes were grounded globally in March 2019 after two crashes within 5 months. Recently, these planes were allowed to fly again by regulators of different … Read more