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Air India, Vistara, SpiceJet & IndiGo chiefs meet Scindia

By TBM Staff - Mumbai Wednesday, 18 October 2023, 11:00 AM 681

Chiefs of Air India, Vistara, and SpiceJet on yesterday 7 held a meeting with Civil Aviation Minister Jyotiraditya Scindia in the national capital. In a social media post, the Office of the Minister said representatives from Air India, Vistara, SpiceJet, and IndiGo thanked him for the recent amendment in the Insolvency and Bankruptcy Code (IBC) […]Continue Reading

Aviation Working Group downgrades India due to Go First crisis

By TBM Staff - Mumbai Wednesday, 27 September 2023, 3:00 PM 663

Aviation Working Group (AWG) has further downgraded India as lessors have not been able to repossess their planes from Go First more than four months after the airline filed for insolvency. The leasing cost stands as a prominent expense for Indian airlines. With AWG’s downgrade, it is likely that lessors will increase the aircraft leasing […]Continue Reading