Air India borrows $120 million from Japan’s SMBC to buy Airbus plane

MUMBAI: Japanese lender SMBC on Wednesday said the Tata Group-owned Air India has borrowed USD 120 million from it for purchasing a wide-body aircraft from Airbus. The transaction has partly financed Air India’s purchase of an A350-900 aircraft from Airbus, which was delivered in October 2023, according to an official statement. SMBC said this is […]

First for desi airlines: IndiGo flies more than 10 crore passengers in a calendar year

NEW DELHI: IndiGo’s record-breaking spree continues unabated. The Rahul Bhatia-founded low cost carrier has become the first Indian carrier to cross the 10-crore passenger mark in a calendar year. This feat was achieved when a passenger, Ritesh Banglani, checked in for 6E-6118 Delhi-Bengaluru flight on Monday. IndiGo had earlier become the first desi airline to […]

LATAM Airlines expects record earnings, boosted traffic in 2024

MEXICO CITY: LATAM Airlines projected on Thursday record earnings for next year of between $2.6 billion and $2.9 billion as passenger numbers grow and it reduces its debt load after coming out of bankruptcy last year. The expected record earnings, measured in adjusted earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR), […]

Spanish airline Volotea to increase fleet to 45 jetliners in 2024

MADRID: Spanish low-cost airline Volotea plans to increase its fleet to 45 commercial aircraft next year up from 41 now as it plans to expand its short- and medium- haul route network, a spokesperson said on Wednesday. The company, which mainly connects mid-sized cities in Europe and northern Africa, currently operates a fleet of A319 […]

IndiGo strengthens connectivity to Thailand

PUNE: IndiGo has announced the addition of flights between Mumbai and Phuket and the resumption of operations between Bengaluru and Phuket, airline officials said. The addition of these flights will further enhance connectivity between India and Thailand. Given the immense popularity of Thailand as a preferred destination among Indians, IndiGo is introducing additional flights between […]

SpiceJet gets Rs 2,250 crore fresh lifeline

NEW DELHI: Struggling-to-survive SpiceJet has finally got a fresh lifeline of over Rs 2,250 crore from new investors such as Elara India Opportunities Fund, Aries Opportunities Fund, Nexus Global Fund and Prabhudas Lilladher. The move is expected to help ease the financialstress on Ajay Singh-promoted low-cost carrier, which has been unable to pay employees or […]

Air India unveils Manish Malhotra-designed new uniforms for cabin & cockpit crew

Air India has today revealed its new collection of uniforms for its cabin and cockpit crew. Renowned Indian fashion designer, Manish Malhotra, has designed these uniforms in his Mumbai studio. The new uniforms showcase a variety of colors and timeless designs, blending India’s rich heritage with contemporary style, elegance, and comfort, as stated by the […]