NCLT Raises Questions Regarding Legitimacy of Insolvency Petition Against SpiceJet

In a recent development, the National Company Law Tribunal (NCLT) has raised doubts regarding the legitimacy of the insolvency petition filed against SpiceJet by one of its operational creditors, Willis Lease Finance Corporation. A two-member bench of the NCLT, comprising Members Mahendra Khandelwal and Rahul Prasad Bhatnagar, questioned the maintainability of the plea, noting that

Tata’s Strategies to Revitalize the Sluggish and Burdened Air India

Since taking control of Air India from the government in January last year, the Tata Group has implemented several strategies to revitalize the struggling airline. These initiatives include placing an enormous order for 470 aircraft and expanding their international operations. The Tata Group currently oversees four airlines: Air India, Air India Express, AIX Connect, and

EU Competition Regulators Reopen Inquiry into SAS Recapitalisation Following Court’s Rejection

The European Union (EU) competition regulators have announced the reopening of an investigation into the 1-billion-euro ($1.1 billion) recapitalization of Swedish airline SAS by Denmark and Sweden. This decision comes after an EU court annulled the regulators’ previous ruling on the matter in 2020. In a statement released on Tuesday, the European Commission confirmed that

Summer Rush Causes SpiceJet to Top the List as India’s Most Delayed Airline

Passengers flying with SpiceJet Ltd., a financially struggling airline, have been experiencing the highest number of flight disruptions in India, which happens to be the world’s fastest-growing aviation market. As the busy summer travel season approaches, the Directorate General of Civil Aviation reported that only 61% of SpiceJet’s flights departed on time from the country’s

Guwahati Airport Witnesses a 15% Surge in Passenger Traffic in June

Guwahati’s Lokpriya Gopinath Bordoloi International (LGBI) Airport experienced a significant upswing in passenger footfall in June 2023, with nearly five lakh travelers passing through its gates, representing a remarkable 15% increase compared to the same month last year. This surge in passenger traffic indicates a strong resurgence of air travel in the region after the

IndiGo Opens Doors to Tbilisi: Flight Bookings Now Available

IndiGo, one of India’s leading airlines, has recently announced the commencement of its flight services to Tbilisi, the capital of Georgia. Starting from August 8, 2023, travelers can now book their tickets to this exciting destination. In a press release, IndiGo expressed its enthusiasm for introducing these new flights, stating that it not only caters
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