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Aviation Top Stories
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
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
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 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
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
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