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
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
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
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,
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
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 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
