Category: Civil Aviation

Cash-strapped and troubled airline Jet Airways, which was on the verge of collapse, has finally got a bailout package from its lenders which paves the way for its revival. The company said its board on Thursday approved a bank-led resolution plan (BLPRP) received from the State Bank of India, which was appointed lead lender by […]

Airbus lifted the lid on one of the aircraft industry’s worst-kept secrets on Thursday, revealing the scale of average discounts in the cut-throat global jet market. For years, planemakers such as Airbus and U.S. rival Boeing have grabbed headlines by announcing orders at catalogue prices that are far above the real market value of jets. […]

Vistara’s Valentine offer under which customers can book tickets at a lucrative discount of up to 80% will remain open till midnight today, ie 13 February. Applicable on all classes of tickets- Economy Class (starts at Rs 899), Premium Economy (starting at Rs 1,499) and Business Class (at Rs 5,499), the travel period of the […]

In a major development, Ashwani Lohani has been appointed as the CMD of Air India. Notably, Lohani had earlier taken charge at the state-run carrier as its Chairman and Managing Director in August 2015, even as the airline was facing various unresolved issues related to the Air India-Indian Airlines merger. Recently, he retired as the […]

Aviation regulator DGCA is reviewing every 15 days the schedule of flights to be operated by crisis-hit Jet Airways, according to a senior official. The full service airline is grappling with acute financial problems and had to ground some of its aircraft due to non-payment of lease rentals as well as other operational reasons. Jet […]

The country’s largest airline IndiGo Wednesday cancelled 49 flights and announced curtailing around 30 flights daily for the rest of February as it looks to stabilise operations and adjust crew rosters. IndiGo, which has more than 41 per cent of domestic market share, said the cancellations represent 2 per cent of its flights and that […]

Cash-strapped Jet Airways could face further trouble as some of its lessors are planning to take back their leased aircraft to the airline if the latter’s board meeting on February 14 fails to come up with a firm recapitalisation plan. The Jet board is meeting on Thursday to approve the company’s earnings during the October-December […]

Continuing with its spate of cancellations, low-cost carrier IndiGo on Wednesday terminated 49 flights and will curtail its schedule by 30 flights per day until March. The cancellations ran into the fifth straight day after IndiGo announced on February 9 that the hailstorm in northern India had disrupted its flight schedule. IndiGo, the largest domestic […]

Europe’s Airbus announced plans to scrap production of the A380 superjumbo on Thursday, abandoning its dream of dominating the skies with a cruiseliner for the 21st century after years of lacklustre sales. The world’s largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge Boeing’s […]

The government has offered to sell 100 per cent stake in debt-laden Air India’s subsidiary Air India Air Transport Services Ltd (AIATSL). Restarting the divestment process for the ailing national carrier, the preliminary information memorandum for disinvestment of AIATSL, the ground handling arm, was issued on Tuesday.

The government may refinance three-fourth of Air India’s Rs 29,000 crore debt, which has been transferred to a special purpose vehicle, through non-convertible debentures (NCDs) or fresh loans.

Low-cost carrier IndiGo will look to start its China operations by the end of this year, according to a top executive of the carrier.The airline, which has a leadership position in the domestic market, is now looking at increasing its international footprint and is inducting aircraft that have longer range and more carriage capacity like […]