IndiGo, one of India’s leading airlines, is set to make a grand entrance at the Paris Air Show as it finalizes negotiations with Airbus SE for a record-breaking indigo 500-jet order. The proposed agreement, which would double IndiGo’s existing backlog, primarily focuses on A320neo family aircraft. Sources familiar with the negotiations have revealed that IndiGo
IndiGo, one of India’s leading airlines, has been facing protests and criticism over the recent surge in airfares across the country. In response to these concerns, Pieter Elbers, the CEO of IndiGo, affirmed that pricing fluctuations in the airline industry are inevitable and will persist. During an interview with ETNow, Elbers acknowledged that the temporary
Singapore Airlines (SIA) has reiterated its stance that it has no plans to raise its stake in Air India beyond 25.1%, according to a spokesperson at the airline. The statement comes in response to a media report suggesting that SIA may increase its stake in the airline to 40%. The spokesperson categorically denied the report,
Singapore Airlines made a significant announcement on Monday, revealing that JoAnn Tan would be appointed as the airline’s first female Chief Financial Officer (CFO). This appointment comes as Tan Kai Ping, the previous CFO, transitions into the role of Chief Operations Officer (COO) within the company. JoAnn Tan, who currently serves as the Senior Vice
In a significant development, Wilmington Trust SP Services, an aircraft lessor, has taken legal action by moving the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against SpiceJet, one of India’s leading budget carriers. News agency ANI reported on June 11 that aircraft lessor Wilmington Trust SP Services has moved the National Company Law
An IndiGo Airlines flight from Amritsar to Ahmedabad faced an unexpected turn of events as it strayed into Pakistani airspace near Lahore due to severe weather conditions. However, the aircraft safely returned to Indian airspace without any incidents, according to a media report on Sunday. The incident occurred on Saturday evening, as reported by the
According to Theo Panagiotoulias, CEO of Star Alliance, India presents a significant opportunity for growth in the aviation market, and Air India is actively pursuing a comprehensive business overhaul. Star Alliance, is a global alliance consisting of 26 airlines such as Air India, Lufthansa, Singapore Airlines, and South African Airways. It recognizes the importance of
India’s aviation sector possesses a promising vision and a well-timed strategy, considering its robust economic growth and large population. However, it is crucial to avoid hindering the positive impact by burdening the industry with excessive taxes, according to the International Air Transport Association (IATA). Marie Owens Thomsen, the Chief Economist at IATA, expressed her disapproval
In an announcement made on Friday, IndiGo, the prominent airline in India, revealed its ambitious plan for significant international growth. As part of this expansive strategy, the airline will commence direct flights to six new destinations across Africa and Central Asia. In late July or early August, IndiGo will launch direct flight connections between Mumbai
Aircraft lessor Pembroke Aircraft Leasing 11 has taken its case to the Delhi High Court, seeking a directive from the Directorate General of Civil Aviation (DGCA) to deregister its aircraft currently on lease with Go First. Pembroke Aircraft Leasing 11 has filed a petition in the Delhi High Court after the Directorate General of Civil
