The modifications made in the Emergency Credit Line Guarantee Scheme (ECLGS) by the DFS are aimed to give necessary collateral-free liquidity at reasonable interest rates to tide over airlines' present cash flow problems.
The FIR was registered against the two BJP MPs and seven other people for allegedly forcing Air Traffic Control (ATC) officials to provide clearance for their chartered flight to take off from the Deoghar airport beyond the scheduled time on August 31.
Air India is seeking to take advantage of an expected increase in passenger traffic due to the FIFA World Cup tournament that will take place in November-December in Doha.
The veteran investor tells Moneycontrol that Rakesh Jhunjhunwala's airline bet was well-considered and that the Big Bull had done a thorough risk-reward analysis
The regulator said all Indian airlines are following standard operating systems for safe operations and there was no need to panic because of some routine snags reported recently.
Wilson is expected to meet the representatives of Air India's unions in order to expedite the process of clearing out former colonies of the airline, multiple people aware of the development said.
Whether it’s market share or on-time performance, Air India has been languishing close to the bottom of the monthly charts. The airline’s priority seems to plugging losses first.
The aviation ministry, in a letter issued to all airlines, also stated that any additional amount cannot be considered within the tariff.
The company imported its Hawker 800 XP aircraft from Dubai and leased it through GIFT City on July 16 and is the second aircraft it has leased from it.
Older employees of Air India feel that the new management is focused on replacing them with new hires.
Twitter users drew the civil aviation ministry's attention to a video showing passengers in distress and sought action against Go First.
Speculation had arisen that imposition of fines by the regulator is the government’s way of exercising greater control over aviation after the transfer of Air India to the Tata Group. Experts say there’s no link.
While launching the National Air Sports Policy 2022 (NASP), India’s first such mechanism, Scindia said the air sports market in the country generates revenues of around Rs 80 crore to Rs 100 crore at the moment
Handling of the special child by the IndiGo ground staff was deficient , which in-turn ended up exacerbating the situation, according to a press release from the aviation regulator
InterGlobe Aviation, the operator of IndiGo airline, on May 25 reported a consolidated net loss of Rs 1,681.80 crore for the quarter ended March 2022, due to a surge in aircraft fuel expenses.
Akasa Air, backed by ace investor Rakesh Jhunjhunwala, unveiled first glimpse of its aircraft on May 23. It is India’s upcoming ultra-low-cost airline with greenest and youngest fleet.
The findings of the DGCA-constituted probing committee "prima facie indicate inappropriate handling of passengers by the IndiGo staff".
Aviation Minister Jyotiraditya Scindia said he is examining the matter of airlines charging passengers a fee for issuing boarding passes at check-in counters inside the terminals.
The aviation industry wants the government to include ATF under the goods and services tax (GST) to benefit from input tax credit and reduce the stress on operations.
The testing of drones to be used for spraying fertilisers in Uttar Pradesh, Punjab and Haryana has already been completed and farmer producer organisations in these states are expected to start using the drones very soon, according to sources.
"Eight months ago, only 11 states had VAT rate ranging from 1-4 percent and a bulk of the states had rates ranging from 20-30 percent. Now 24 states levy VAT between 1-4 percent only," the minister said.
Dutta added that with the adoption of electric helicopters and urban air mobility drones in the industry, the cost of flying in a helicopter is expected to fall considerably in the years to come, which will drive up demand for the segment.
Jyotiraditya Scindia also said that two new airlines -- the new avatar of Jet Airways and Akasa Air-- will take to the skies this year.
The National Credit Guarantee Trustee Co has also increased the limit for borrowing under the third iteration of the ECLGS.
A look at the schedules of IndiGo, the Tata-owned Air India and Vistara, and other airlines for the peak travel season.