The National Company Law Tribunal (NCLT) has scheduled the next hearing for aircraft lessor Wilmington’s insolvency plea against SpiceJet on June 16, 2023, according to news agency ANI. Wilmington had previously approached the NCLT to initiate insolvency proceedings against the airline. In May, Wilmington Trust SP Services, along with two other lessors, Sabarmati Aviation Leasing
In a recent development, it has been reported that the family of Rakesh Gangwal, co-founder of IndiGo Airlines, is considering the potential sale of a portion of their stake in InterGlobe Aviation Ltd, the parent company of the Indian airline. According to CNBC Awaaz, the family is likely to sell between 5-8% of their stake,
Yesterday, flight operations in Mumbai were disrupted by Cyclone Biparjoy. The city experienced heavy rain and gusty winds as the cyclone intensified into an extremely severe cyclonic storm and moved toward Gujarat. The adverse weather conditions in the evening resulted in the disruption of several flights. Passengers faced various inconveniences, including flight cancellations, delays, and
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
Air India has taken a significant step towards enhancing flight connectivity between Mangaluru and Mumbai by introducing a second daily flight on this route. The new flight service commenced operations on June 10, closely following IndiGo’s addition of a third daily flight on the Mumbai-Mangaluru route on May 22. Passengers can expect the introduction of
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
New Delhi – A Chennai-bound Indigo flight was forced to return to Indira Gandhi International Airport (IGIA) in Delhi shortly after take-off on Saturday night due to an engine snag, according to the Directorate General of Civil Aviation (DGCA). The incident occurred on IndiGo flight 6E-2789, which safely made an emergency landing back at the
Air India Express, a subsidiary of Air India, has announced the commencement of Haj flights from Kannur and Kozhikode airports in Kerala, India. On June 4, Air India Express will begin operating special charter flights from Kannur and Kozhikode airports in Kerala, India. The airline also decided to introduce these services after successfully securing the
