Vistara, a full-service carrier, announced on Thursday that it flew a Boeing 787 aircraft on the Delhi-Mumbai route, utilizing sustainable aviation fuel (SAF). According to the airline’s statement, this marks the first time an Indian carrier has flown a domestic commercial flight on a wide-body aircraft, blending 17% SAF with 83% conventional jet fuel. Vistara
On Thursday, numerous pilots, including those from the crisis-ridden Go First airline, gathered at a Tata group hotel near Delhi to participate in walk-in interviews with Air India, a subsidiary of the conglomerate. Go First’s declaration of bankruptcy on Tuesday, as the demand for post-pandemic air travel increased in the world’s most populous country, caught
India, being one of the largest aviation markets in the world, has a huge opportunity for providing financing up to USD 100 billion in the aircraft leasing segment in the next 20 years, according to advisory firm Primus Partners. The expected demand for approximately 2,100 aircraft in the next two decades presents a significant opportunity
On Thursday, Piyush Goyal, the Commerce and Industry Minister, expressed his desire to see greater involvement of US-based company Boeing in India. This comes after the recent large order of planes received by Tata Group-owned Air India from the American firm. In February, Air India announced the purchase of 470 narrow-body and wide-body planes from
According to SpiceJet CEO Ajay Singh, there is a need for more reasonable airfares in the country. He also addressed concerns about a potential increase in airfares due to Go First’s voluntary insolvency filing, stating that it is a “temporary phenomenon.” Singh expressed his hope that the airline can use this situation to resolve its
On Thursday, Go First, owned by the Wadia group, requests several interim measures from the National Company Law Tribunal (NCLT), including preventing lessors from reclaiming planes and the regulator DGCA from taking any negative action against the airline, which is in crisis. The airline, which has liabilities amounting to Rs 11,463 crore, requested voluntary insolvency
Sources report that Indian Oil Corp is set to recover $61.14 million owed to them by Go First for jet fuel sales. This will be achieved by cashing in the bank guarantees provided by the cash-strapped airline. Furthermore, IOC is hopeful that they will recover an additional $6.11 million owed to them for unsecured sales
Several airlines in India have failed in recent years, and Go First is just one of them. Filing for insolvency proceedings before NCLT, these airlines have either collapsed or been sold due to financial struggles, debt, and mismanagement. The private aviation industry in India has always been challenging due to factors such as high costs,
According to Astra Tech, Etihad Airways, the state carrier of Abu Dhabi, entered into an agreement on Tuesday to enable customers to book flights via artificial intelligence within the chat app BOTIM. On Monday, BOTIM relaunched as an “ultra app” with a range of new features. It is mainly recognized in the region as a
SpiceJet, the Indian budget carrier, is set to revive 25 grounded aircraft with the help of a Rs 400 crore credit line from the government. The plan comes as Go First, another airline, filed for bankruptcy on Tuesday, creating a void in the market. The funding for the aircraft’s revival will come from the government’s
