Aviation Top Stories

Go First seeks direction from NCLT on leased aircraft

By TBM Staff - Mumbai Friday, 5 May 2023, 2:00 PM 1259

Crisis-hit Go First has sought various interim directions from the National Company Law Tribunal (NCLT), including restraining lessors from taking back aircraft and regulator DGCA from taking any adverse action against the airline. The Wadia group-owned airline, which has liabilities worth INR 11,463 crore, has sought voluntary insolvency resolution proceedings and the Continue Reading

Aviation Top Stories

India can provide $100 bn financing opportunity in aircraft leasing space: Report

By TBM Staff - Mumbai Friday, 5 May 2023, 12:00 PM 382

India, which is one of the largest aviation markets in the world, has an opportunity for providing financing up to $100 billion in the aircraft leasing segment in the next 20 years, an advisory firm said. Primus Partners said that around 80 per cent of the total commercial fleet in the country is leased in […]Continue Reading

Aviation Top Stories

Indian carriers planning to order around 1,200 aircraft: CAPA

By TBM Staff - Mumbai Friday, 17 February 2023, 4:45 PM 187

After Air India’s historic order of 840 planes to Airbus and Boeing, other Indian carriers are planning to order close to 1,200 more aircraft in over 24 months, reports ANI. According to the Centre for Asia Pacific Aviation India (CAPA India), Indian carriers are expected to place orders for additional 1,000-1,200 aircraft, starting off with […]Continue Reading

Aviation Ministry Top Stories

Govt allows airlines to wet lease aircraft for a year

By TBM Staff - Mumbai Monday, 28 November 2022, 4:00 PM 500

In a move that could boost affordable direct connectivity between India and distant continents, the government has conditionally relaxed the rule of allowing Indian carriers to wet lease aircraft (hire with entire operating crew) for a maximum of six months by doubling that period to a year. Accordingly, IndiGo can now wet lease two twin […]Continue Reading

Aviation Top Stories

India’s aircraft fleet size expected to double in 5 yrs: Aviation Minister

By TBM Staff - Mumbai Wednesday, 24 August 2022, 10:30 AM 530

India’s aviation sector is expanding rapidly and the overall fleet size is expected to almost double in the next five years, said Union Aviation Minister Jyotiraditya Scindia, reports ANI. Speaking at industry body Assocham’s CEOs roundtable on Tuesday, Scindia said, “In five years, we are looking at 1,200 fleet size in the country which will […]Continue Reading

Aviation Top Stories

SpiceJet settles litigation with lessor and its affiliates for Boeing aircraft

By TBM Staff - Mumbai Tuesday, 16 August 2022, 3:00 PM 784

Low-cost carrier SpiceJet Ltd said on Tuesday it has entered into a settlement agreement with aircraft lessor Goshawk Aviation Ltd and its affiliates related to three Boeing aircraft, reports Reuters. The airline said that the agreement – the terms of which are confidential – ends all litigation proceedings between the parties, adding that this will […]Continue Reading