Indian carriers to buy 2,380 aircraft in 20 years
Even as Indian companies are ordering aircraft this winter to cope with increased demand, a forecast by aircraft major Boeing says that the industry is on a good course for the next two decades.
air india
November 2019
July 2019
September 2018
August 2018
June 2018
Qatar Airways, IndiGo seal tie-up
Akbar Al Baker, group chief executive of Qatar Airways, said the airline was keen on buying a stake in IndiGo, but the time was not right.
Domestic passenger traffic rebounds in May
India’s aviation sector reported a modest 2.8% YoY growth in passenger traffic in May, as Indian airlines added capacity led by budget-airline SpiceJet.
Domestic airline losses may widen to $1.9 bln
Rising oil prices and low fares are making carriers bleed, CAPA report says.
New turnaround plan for Air India
The state-owned carrier is saddled with a debt of over Rs 50,000 crore, a major reason why the government failed to receive any bids for a 76% stake in the airline.
Sector Scan: The skies are turning red again
In 2014, the last time fuel prices were this high, a large airline was brought to the brink of a shutdown. Airlines are bleeding cash once again and the focus is sharply back on cutting costs.
Air India board to prepare revival plan
While the government wants a plan to revive the ailing airline after attempts to sell major stakes in it failed, it is still interested in its strategic divestment.
IndiGo: Flying through a rough patch
IndiGo has reported profits for 10 straight years because of its low costs, but investors are concerned about the headwinds ahead.
Air India ‘defers’ employees’ salaries
Employees say they haven’t been paid their salaries for May; the airline’s debt stood at more than Rs 48,000 crore at the end of March 2017, media reports said.
Air India bidding process draws no response
Efforts to sell troubled Air India fail to take off with no expressions of interest.
