Category: Civil Aviation

Shares of InterGlobe Aviation Limited dropped nearly 8 per cent Thursday amid reports of an alleged rift between the promoters of IndiGo. The scrip tumbled 7.55 per cent to Rs 1,487.10 on the BSE. On NSE, shares tanked 7.73 per cent to Rs 1,485.75. On the traded volume front, 1.77 lakh shares were traded on […]

Promoters of India’s largest airline IndiGo — Rahul Bhatia and Rakesh Gangwal — have appointed separate law firms to settle a dispute between the two pertaining to management control and appointment of key executives at the carrier, sources told The Indian Express. Bhatia and Gangwal did not respond to e-mail queries at the time of […]

India’s rising oil consumption will support its investments in refining capacity additions and upstream production, but imports will keep growing amid stagnant production, Moody’s Investors Service said Monday. The country’s dependence on imported crude oil to meet its needs has risen to 83.7 per cent in 2018-19 fiscal year from 82.9 per cent in 2017-18. […]

Google affiliate Wing Aviation has received federal approval allowing it to make commercial deliveries by drone. It’s the first time a company has gotten a federal air carrier certification for drone deliveries. The approval from the Federal Aviation Administration means that Wing can operate commercial drone flights in part of Virginia, which it plans to […]

Debt-laden Air India has approached State Bank of India to lease five Boeing 777 wide-bodied planes owned by Jet Airways, but 19 of its own aircraft, including at least four 777s, have been grounded for months due to lack of funds for maintenance of these planes. Advertising An Air India official told The Indian Express […]

Early arrivals of flights at congested airports may be a wish come true for passengers but has been a headache for air traffic controllers, particularly because of airlines’ practice of declaring a longer block time for a flight and arriving earlier than that. To rationalise the block timings, the Airports Authority of India (AAI) — […]

Citing a pending review plea in the Rafale case, Chief Justice of India Ranjan Gogoi conveyed that lawyers too were responsible for delay in matters coming up for hearing, in the Supreme Court on Friday. “Application is filed for modification of Rafale order and it’s given wide publicity. But it’s lying defective for more than […]

The board of struggling Jet Airways Ltd, which recently defaulted on debt repayment, has agreed to give lenders the majority stake of 50.1 per cent by converting part of its debt into equity as part of a resolution plan worked out by lenders. In a stock exchange filing, the loss-making airline said the board, as […]

Even as India’s largest airline continues to be marred with mass flight cancellations due to restructuring of its roster, the company believes that it has enough pilots and that its operations are expected to stabilise by April 1. “We have enough pilots … but certain circumstances came together — we wanted to have more buffer […]

Jet Airways Ltd has agreed to most conditions set by shareholder Etihad Airways for offering a lifeline to the debt-laden Indian carrier, the Business Standard newspaper said, sending Jet’s shares soaring as much as 18 percent on Friday. Both airlines are set to sign a memorandum of understanding (MoU) within days, which would result in […]

In an attempt to stay afloat, Jet Airways has sought shareholder approval to issue new equity and convert existing debt into equity among other things at a special general body meeting, indicating that banks are likely to convert part of the debt into equity.

Increasing competition, rising costs and a growing market have prompted India’s airlines to pursue a strategy of operating routes in which only one player in the fray runs direct flights — they account for nearly half of around 392 routes in India, latest data show.