Crisil, the credit rating agency, released a report on Wednesday projecting that the domestic airlines’ industry will return to profitability in the next fiscal year, marking the first time since the Covid outbreak. The industry is expected to benefit from reduced cost pressures and a decrease in leverage, which will support credit profiles. The report
On Wednesday, Akasa Air announced its intention to order a fleet of aircraft numbering in the hundreds by the end of the year. The company’s Founder and CEO, Vinay Dube, shared plans to expand globally by year-end and establish a learning academy in Bengaluru. During a press conference, Dube disclosed that Akasa has purchased a
Singapore Airlines (SIA) and Tata Sons have agreed to a deal that will inject an additional SGD 360 million (USD 267 million) into Air India. This investment will give SIA a 25.1 percent stake in the combined entity of Air India and Vistara Airlines following their takeover and merger by Tata. Singapore Airlines and Tata
Tony Fernandes, AirAsia CEO, believes that high airfares are here to stay as airlines seize the opportunity presented by the post-pandemic travel boom to impose higher rates. In a discussion with Bloomberg Television from the Aviation Festival Asia in Singapore, Fernandes noted that the fare environment is very good and that airlines have been too
Chief Campbell Wilson of Air India announced on Monday that they will rename the full-service carrier following the merger with Vistara to Air India. He stated that this was due to Air India being more widely recognized outside of India, as the group strives to become a major international aviation player. He also mentioned that
Air India, owned by the Tata Group, has announced a record order of 470 aircraft from Airbus and Boeing Co, with a list price of $70 billion. This is an immense step forward in the company’s expansion of long-haul international operations. The provisional deal consists of 220 planes from Boeing and 250 from Airbus, making
On 27th February 2023, PM Modi inaugurated the Shivamogga airport in Karnataka, which is the state’s newest airport. The region expects this airport to boost tourism, trade, and commerce. Here are some key things to know about this airport: Location: The Shivamogga airport is located in the Sogane village of the Shivamogga district, which is
Air India, owned by the Tata Group, is on the lookout to recruit more than 4,200 cabin crew members and 900 pilots in 2023 as the airline grows its domestic and international operations. Currently, Air India operates 113 aircraft with a team of 1,600 pilots. A lack of crew caused the cancellation of their instances
An emergency was declared at the International Airport in the state capital on Friday when a Dammam-bound flight from Calicut was diverted due to a suspected hydraulic failure. Sources at the airport reported that the flight landed at 12.15 PM. Sources reported that the Air-India Express IX 385, with 182 passengers, experienced a tailstrike during
Prime Minister Benjamin Netanyahu on Thursday welcomed the authorization for Israeli carriers to fly over Oman as a “great day” for the aviation industry. This new route will directly connect Israel to India and establish the country as the main transit point for travel between Europe and Asia. “We’ve crossed a major milestone in our
