At the Kolkata airport, an IndiGo aircraft grazed the wings of an Air India Express plane on Wednesday. This resulted in both aircraft sustaining damage to their wings, according to officials. The Directorate General of Civil Aviation (DGCA) has de-rostered the IndiGo pilots involved in the accident and has launched a probe. The accident took […]
Category: Civil Aviation
‘Go First lenders yet to decide on bids, airline’s revival likely to be delayed’
MUMBAI: A revival of Go First Airlines is set to get prolonged with creditors to the bankrupt airline likely to seek a third extension to the resolution timeline beyond the April 4 deadline even as formal negotiations with two final bidders are yet to commence. Both bidders had increased their bids earlier this month after […]
Air India fires pilot caught drunk after operating overseas flight
Air India has decided to terminate the employment of a pilot who tested positive for alcohol consumption following the operation of an international flight returning to India. In a firm response, the Tata group-owned airline is also in the process of lodging a First Information Report (FIR) against the captain who flew a Phuket-Delhi flight […]
InterGlobe shares gain 1.12% as Sensex rises
Shares of InterGlobe Aviation Ltd. traded 1.12 per cent up at Rs 3531.35 at 11:06AM (IST) on Wednesday, even as BSE benchmark Sensex gained 549.23 points to 73019.53. The stock had settled at Rs 3492.2 in the previous session. The stock quoted a 52-week high price of Rs 3535.95 and 52-week low of Rs 1810.45, […]
Indigo shares jump over 4% after rating, target upgrades
Shares of Interglobe Aviation which operates airline Indigo jumped 4.4% on Tuesday to hit a fresh 52-week high of Rs 3,429.90 on the NSE after a couple of top brokerages took favourable views on the counter. While Jefferies upgraded its rating to ‘Hold’ from ‘Underperform’, Kotak Institutional Equities reiterated a buy and raised the price […]
SpiceJet reaches settlement with Canada’s EDC to resolve liabilities worth Rs 755 cr
Private carrier SpiceJet has reached a settlement agreement with Export Development Canada (EDC) to resolve liabilities worth Rs 755 crore, the company said in a stock exchange filing on Tuesday. This settlement agreement will help SpiceJet save Rs 567 crore, it said. As part of the settlement agreement, SpiceJet will acquire 13 EDC-financed A400 aircraft. […]
SpiceJet settles Rs 755 crore liabilities of lessor
SpiceJet on Tuesday said it has agreed to a pact with Export Development Canada (EDC) to settle liabilities worth Rs 755 crore. The settlement will generate savings to the tune of Rs 567 crore, the airline said in a statement. As part of the agreement, SpiceJet will also acquire ownership of 13 EDC-financed Q400 aircraft. […]
DGCA puts new rules on pilot rest in abeyance
Civil Aviation regulator DGCA has put new rules on pilot rest and duty period in abeyance- days after refusing to extend the deadline of 1 June to implement the new rules. On Tuesday, amending the regulations, DGCA said that airlines can continue to operate according to the existing regulations till approval of their schedule following […]
IndiGo will use its cash reserve to become future ready: CFO Gaurav Negi
IndiGo’s leaner cost structure has helped India’s largest airline to emerge from Covid “more stronger” and its superior cost efficiency model will keep it ahead of rivals at a time when India’s civil aviation sector is undergoing consolidation, said a top company official. Four years ago, India announced a nationwide lockdown aimed at controlling the […]
InterGlobe shares gain 0.15% as Sensex rises
Shares of InterGlobe Aviation Ltd. traded 0.15 per cent higher in Friday’s session at 01:09PM (IST). The stock opened at Rs 3300.05 and has touched an intraday high and low of Rs 3327.55 and Rs 3266.65, respectively, during the session so far. The stock quoted a 52-week high of Rs 3339.0 and a 52-week low […]
IndiGo nears decision on widebody jets; forecasts slower capacity growth in next fiscal year
IndiGo is exploring the purchase of widebody aircraft, according to people familiar with the matter, a move that would give Asia’s biggest budget carrier a greater international radius and intensify competition with Air India Ltd. The airline is still considering several options, with an order for about 30 Airbus SE A350s emerging as the most […]
Credit Suisse says SpiceJet cleared all dues; SC posts case for July hearing to ensure it doesn’t default again
The Supreme Court on Friday took note of the Swiss financial services firm Credit Suisse’s submissions that CMD Ajay Singh-led SpiceJet has cleared all the outstanding dues and is no longer in default as on date in a $24 million payment dispute. However, the apex court has posted the case for a hearing in July […]