Announced this Monday, India’s top class and most beloved airline, IndiGo showed a positive two-fold jump in their profit numbers. The carrier showed a profit of Rs 496 crores for the December quarter, which was higher than the previous year’s results which stood at Rs 185.20 crores in the same quarter. In the event of regular filing, the carrier marked that revenue for the quarter rose to about 25.5% which... Read More
It is quite possible that the Tata Sons and Singapore International Airlines, jointly owned airline, Vistara might be in line to buy the national carrier Air India as the government plans its 100% stake sale. As per a new ET report on the matter, Vistara might be one of the carriers which could try to buy the airline. As per an executive, since the government is selling its entire stake... Read More
The plans of Air India’s sale are getting solidified as we move further into the year. As per a Reuters report, the Indian Government on Monday, again remarked that it would be making a move to sell its stake in Air India after it drew no attraction from the bidders in its last attempt to sell the airline. The centre also released a document on Monday which highlighted that March... Read More
SpiceJet, the second-largest low-cost carrier in India after IndiGo is all set to induct Boeing 737 MAX planes into its fleet. However, it seems that the airline has run into some hurdles regarding its induction. As per anew CNBC TV18 report on the matter, SpiceJet’s CMD, Ajay Singh has remarked that it is “disappointing” and that SpiceJet will have to make use of more leased aircrafts in the short term... Read More
One of the prime things in the agenda for the Indian government happens to be the sale of Air India. The government is already working to put Air India for sale. However, as per a new report by Hindu Business Line, the government is pushing the sale of Air India because it wants to bring reform to the domestic aviation sector in lieu of the Air India sale. Government to... Read More
Vistara is currently the only private full-service carrier in India, and as we know, the Indian aviation industry has not been really kind to the full-service carriers because of the high operational costs and choice of the consumers leaning more towards the budget carriers. Now making adjustments according to the market conditions, Vistara is ready to make a shift to all-economy configuration for some of its aircraft in the coming... Read More
The national carrier, Air India is all set to go through privatisation in the coming months and will be sold to the highest bidder. The government has no plans of retaining any stake in the airline. However, before that happens, there are some changes which the government will do to the airline. For example, as part of its privatisation process, Air India will transfer ownership of its four VIP Boeing... Read More
The airline which was once known as the king of the skies, Jet Airways had to face a sad demise in April last year. The full-service carrier which connected India to many major cities across the world shut down its operations after being distressed by poor financials. However, now it seems that the exit of Jet Airways from the Indian aviation industry might have acted as a catalyst for the... Read More
While on the one side, Air India is battling massive losses every day, on the other side, the airline is being prepared to be sold to the highest private bidder. However, in this process, the employees of Air India, and the various unions of Air India employees are not happy. The employees of Air India are concerned about the security of their jobs post-privatisation and have expressed their sentiments through... Read More
Delhi’s IGI and Mumbai Airport are two of the busiest airports in the country. The number of passengers at these airports is so much that the government has to construct two new airports at these cities, one in Jewar near Delhi and the other one in Navi Mumbai to ease the traffic of these two airports. However, the year 2019 was different for both of these airports as they saw... Read More
As the national carrier is being put on sale in the matter of a few months, the government is also taking it in its hands to make sure that the carrier appears attractive to the buyers. To do this, Air India is trying to cut down its expenses and adding to its balance sheets. One of such attempts has been the move towards a different domestic ticket booking system which... Read More
Despite the continuous efforts, sale of Air India might get an undue bustle again. The government have been planning to privatise the shares of the famous carrier as it has been in debt for a long time. The process of sale started early back in 2018 when the airline has a debt of Rs 60,000 crores, but due to unavoidable reason, the process went down the hill. To finish the... Read More
IndiGo flight from Pune travelling to Jaipur has made an emergency landing at Mumbai's Chhatrapati Shivaji Maharaj International Airport. According to the information available, the pilot decided to make an emergency landing after noticing high engine vibrations mid-air. The flight landed in Mumbai airport earlier today morning. IndiGo did not reveal the exact passenger count at the time of reporting this article. Also, the flight made a safe landing at... Read More
Vistara being the finest full-service carrier of domestic aviation, is planning to lease out slots at London Heathrow Airport (LHR). The joint aviation venture between Tata Sons and Singapore Airlines have been planning this long-haul route from a long time. The flying plan of Vistara has been the topic of discussion under airline insiders. Not only this, Vistara is planning to fly out in the Stansted airport in order to... Read More
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