IFSC-based lessors are now at par with lessors in most competitive foreign jurisdictions in terms of withholding tax on lease rentals paid by Indian operators.
At the moment Jet Airways has not made a final decision on the type of aircraft it wants to procure and the contract is mostly going to depend on the manufacturer’s ability to deliver planes in a timely manner.
"The flying operations at this school (the second case) has been stopped for three weeks. It will be allowed to operate only when things are in order," the regulator noted.
The petitioner says that India is not a British territory and retaining the call sign prefix "VT" which denotes "Victorian and Viceroy territory" even after 75 years of freedom goes against the sovereignty and integrity of India.
The numbers indicate that the air traffic has inched closer to the pre-pandemic level, as the domestic airlines had cumulatively ferried a total of 1.22 crore passengers in May 2019.
The pandemic dented travel and tourism globally, causing the industry a loss of almost $4.5 trillion. Domestic visitor spending decreased by 45 percent, while international visitor spending declined by 69.4 percent compared to 2019, according to an estimate by the World Travel & Tourism Council.
According to an executive at the world's largest airline association, Nigeria is withholding $450 million in revenue generated by international carriers operating in the country.
The lower end of the fare band was put in place to help airlines that had been struggling financially due to travel restrictions. The upper limit was imposed so that passengers are not charged huge amounts when demand for seats is high.
After ATF prices were raised to a record high on Thursday, shares of SpiceJet and InterGlobe Aviation were heavily sold. SpiceJet's stock dropped 7.05 percent to Rs 40.90 per share on the BSE.
Qatar Airways announced on thursday that its profits for the previous fiscal year topped $1.5 billion, the state-owned carrier is preparing for a record surge in travellers for the upcoming FIFA World Cup soccer games.
According to sources, Air India, which is owned by the Tata Group, has opted to order its first batch of Airbus A350 wide-body aircraft, with the first plane expected to arrive in March 2023.
According to sources, IndiGo has initiated an investigation into a Monday incident on its Kannur-Trivandrum flight, in which two Youth Congress workers allegedly chanted slogans against Kerala Chief Minister Pinarayi Vijayan.
Will invest $15-20 mn annually for next 5 years; investment to be mostly for adding aircraft.
In a tweet on June 9, 'Mohenjo Daro' actor Pooja Hegde said she was extremely saddened by the rude behaviour of an IndiGo staffer named Vipul Nakashe on her flight out of Mumbai.
On Thursday, an industry group representing the majority of major airlines slammed the European Union's Parliament for attempting to expand the union's emissions trading scheme to include all flights departing the bloc.
Indian airlines carried 24 percent more international passengers in May 2022 when compared to May 2019, ICRA said in its report.
SriLankan Airlines, which the government is reportedly seeking to sell as it battles the country’s worst economic crisis, presents Indian carriers an opportunity to fly to Seychelles, Mauritius and other Indian Ocean island destinations beyond Male in the Maldives.
Rakesh Jhunjhunwala-backed Akasa Air is planning to begin operating in the July-September quarter.
Air India decreased the eligibility age from 55 to 40 and announced a monetary incentive on Wednesday, ostensibly to encourage a significant number of its staff to voluntarily retire.
On Monday, a senior Singapore Airlines executive said the carrier expects to announce more flights to India in the coming months.
Singapore, which has flung open its borders again, is hosting a two-day job fair through May 28 targeting everyone from graduates to mid-career professionals and former aviation workers who quit during the Covid crisis.
Strong demand from both domestic and international travellers can take the company to higher altitude despite rising fuel costs.
Etihad Airways said bookings for its India flights are edging higher as the south Asian nation loosens coronavirus curbs, adding to a surge in demand led by the Gulf carrier’s destinations in Europe and North America.
"Around four international flights and 16 domestic flights have been delayed for multiple hours, but till now no flight has been diverted or canceled and things are improving now," an official aware of the development told Moneycontrol.