In a significant development, India is taking proactive measures to address the discrepancies between global aircraft leasing regulations and its national bankruptcy laws. The country’s aviation secretary revealed this information to Reuters on Monday, while attending the prestigious Paris Airshow. This initiative aims to facilitate the recovery of aircraft by lessors, particularly in the case
In a significant development for the Indian aviation industry, the Directorate General of Civil Aviation (DGCA) has granted permission to Vistara and IndiGo, two leading airlines in the country, to operate new international flights starting in August. The announcement was made by a senior official on Monday, indicating the DGCA’s confidence in the airlines’ capabilities
Akasa Air, India’s newest airline, is reportedly in talks with Boeing Co. to place a small follow-on order for 737 Max single-aisle jets. However, the discussions are contingent on the airline securing financing for the potential deal. Anonymous sources familiar with the matter anticipate that the negotiations will reach a finalization during the ongoing Paris
New Delhi, June 19, 2023 – In a recent development, the National Company Law Tribunal (NCLT) has adjourned the insolvency plea filed by aircraft lessor Wilmington SP Trust Services against SpiceJet, one of India’s leading budget airlines. The case has been listed for further hearing on July 17, providing temporary relief to SpiceJet. The senior
Mumbai, June 19, 2023: Mumbai’s Chhatrapati Shivaji Maharaj International Airport (CSMIA), owned by the Adani Group, has reported a remarkable 23% year-on-year surge in passenger footfall for the month of May. The airport witnessed a surge in domestic and international passenger numbers, indicating a strong rebound in air travel. This positive trend can be attributed
Akasa Air, one of India’s leading airlines, has recently announced the introduction of an enticing new food and beverage menu for passengers traveling across its network. The airline aims to enhance the in-flight dining experience with the launch of Café Akasa, an inflight meal service that offers a wide range of delectable options. The new
In a concerning turn of events, an IndiGo aircraft operating its Bengaluru-Ahmedabad flight experienced a tail strike during landing at Ahmedabad airport on Thursday, marking the second such incident in just five days. The Directorate General Civil Aviation (DGCA) has swiftly responded by ordering the grounding of the pilots of the aircraft involved in the
India’s domestic air passenger traffic witnessed a significant growth of 15 percent in May 2023 compared to the same period last year, according to the latest data released by the Directorate General of Civil Aviation (DGCA). The total number of passengers soared to 132.67 lahks, a substantial increase from 114.67 lakh passengers in May 2022.
Wilmington Trust SP Services (Dublin) Ltd, an aircraft lessor, has filed a petition with the National Company Law Tribunal (NCLT) to initiate the corporate insolvency plea resolution process against SpiceJet, a leading Indian airline, postponed by NCLT. However, the NCLT adjourned the matter on Monday, and it is now expected to be listed for hearing
In a move aimed at simplifying and facilitating the process for Indian airlines to expand their international operations, the Directorate General of Civil Aviation (DGCA) has announced a significant reduction in regulatory requirements. The DGCA, which oversees civil aviation operations in India, has streamlined the approval process by reducing the existing 33-point checklist to a
