SpiceJet reports a profit of ₹261.7 crore
The budget airline has recognised expenses in aircraft lease rentals of ₹114.1 crore as ‘other income’, which has helped it achieve its highest-ever quarterly profit.
indian aviation
August 2019
July 2019
June 2019
May 2019
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.
Rahul Bhatia’s IGE rebuts Gangwal’s claims
InterGlobe Enterprises said that related party transactions between IndiGo and itself stood at ₹150.12 crore in FY19, accounting for 0.53% of the airline’s turnover.
Gangwal’s angst lies elsewhere: Rahul Bhatia
IndiGo co-founder Rahul Bhatia in a letter to the airline’s board of directors says his co-founder Rakesh Gangwal’s “ego has been hurt”.
Jet Airways’ founder Naresh Goyal can’t leave India
While Delhi High Court refused Goyal permission to fly abroad, it asked him to deposit ₹18,000 crore as guarantee if he wished to travel. Meanwhile, Vijay Mallya’s extradition suffers a setback.
FM pays lip service to aviation sector
The Union Budget 2019-20 has nothing to offer frequent flyers, but the aviation sector did receive some announcements, which if acted upon could bode well for the sector.
Why India is a ‘low-fare carrier’ market
Even as the domestic market penetration of low-cost carriers reaches 80%, in reality the operating environment makes it difficult for airlines to be genuinely low-cost.
Did lenders destroy the value of Jet Airways?
With banks now seeking a resolution under the Insolvency and Bankruptcy Code, it perhaps is the end of the road for India’s premier airline Jet Airways.
IndiGo signs $20 billion engine deal
To power the remaining 280 Airbus A320neo and A321neo aircraft it has on order, IndiGo dumps Pratt & Whitney for rival CFM International’s LEAP-1A engines.
‘Domestic air traffic growth to bounce back to 10-12%’
Even as domestic traffic growth is on the rebound, India’s largest airline IndiGo reported profit growth of 401.2% in Q4 of FY19.
