Aviation

Higher fuel and leasing costs pushed IndiGo into a Q1 loss, but brokerages remain positive on the airline's long-term growth driven by strong demand and international expansion

Aircraft fuel expenses rose 85.7 per cent to ₹10,832.9 crore and accounted for 44.1 per cent of revenue, up from 28.5 per cent in the year-ago quarter

Government is considering relaxing ownership rules that could allow airport operators such as Adani Group and GMR Airports to own airlines, aiming to boost competition in the domestic aviation market

Air India has revamped its mobile application with new features that will help with quicker responses to travellers as well as allow deployment of India-specific innovations in the payment system. The main enhancements in the app pertain to assistance during flight disruptions, payment system updates and in-house internet booking engine, according to Air India. The enhanced mobile app would provide greater ease of booking and allow the airline to respond more quickly to the needs of the customers, the airline's Chief Digital and Technology Officer Satya Ramaswamy told PTI. In a release on Thursday, Air India said the app has been downloaded nearly 17 million times and serves over 1,00,000 users daily. In case of flight disruptions, support would be provided to the passengers with the hotel accommodation and transportation assistance contextually from the home screen, the airline said. The in-house internet booking engine will offer a faster and responsive user interface. "Payment

French company Simaero, which has set up its simulator training facility in India, plans to tap the country's local engineering talent in the specialised areas of simulator engineering and technology services. In a recent interview with PTI, Simaero's CEO Nicolas Moute said the company's long-term vision was to build a centre of excellence for aviation training that serves not only India but the wider South Asian region. "We are very optimistic about India. Every market has its challenges, but we see far more opportunities than obstacles," he said, adding that the company does not see any barriers that would prevent it from expanding its presence in the country. At the training facility in Gurugram, Haryana, the company recently launched its first Airbus A320 neo simulator and expects to add one or two more simulators in the near term, based on customer demand. "We could possibly expect to add a Boeing or regional ATR aircraft simulator. However, it would depend on our client's ...

ICRA has raised its FY27 airline loss estimate to Rs 36,000-38,000 crore and cut traffic growth forecasts, citing higher ATF prices, a weaker rupee and lease costs

Wilson was referring to the network rationalisation Air India undertook because of the West Asia conflict, which started on February 28 when Israel and the US attacked Iran

Prime Minister Narendra Modi on Thursday said the Hub and Spoke international flights model will reduce travel time for passengers as well as being regions of India closer to global opportunities. The Hub and Spoke model seeks to enable seamless connectivity between Tier-II and Tier-III airports with international destinations. Under this model, Air India on Thursday launched flight operations from Varanasi that will connect passengers to various overseas cities through Delhi. Describing the launch of the first Hub and Spoke international flight operations as a historic milestone, Modi said better international connectivity creates new opportunities for trade, tourism, investment, education and business. "It enables people from smaller cities to access global destinations through a single, integrated journey while also supporting the movement of goods and services. This will contribute to regional development and strengthen India's economic growth," he said in a message. The message

The government has launched the first service under the hub-and-spoke model; here's how the system works and what it could mean for travellers from smaller cities

Following the incident, the flight crew carried out all mandatory Standard Operating Procedures (SOPs) as per safety protocol

AI, semiconductors, FTAs and airport expansion will reshape India's logistics sector, creating new growth avenues, says Blue Dart's Balfour Manuel

India setting up the ATF price stabilisation fund is a very good solution to address the problem of higher jet fuel costs being faced by the domestic airlines, a senior IATA executive has said. While mentioning that the current jet fuel scenario globally is unprecedented in terms of the cost impact, Hemant Mistry, Director Energy Transition at IATA, cautioned that if the situation continues, there would have to be more flight reductions. The International Air Transport Association (IATA) represents over 370 airlines, including Air India, IndiGo, Air India Express and SpiceJet. The grouping accounts for around 85 per cent of the global air traffic. Mistry said the jet fuel situation in terms of cost impact is unprecedented. "If the situation continues, there will have to be more demand destruction... that is the only way to manage the situation, it is an extreme situation," he told PTI. Demand destruction broadly refers to a reduction in flights amid rising operational costs, drive

The National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against Ligare Aviation Ltd, holding that the NCLT erred in admitting the plea filed by Religare Enterprises without properly examining the nature of the underlying transactions, which was "only round tripping of money" and not "any genuine financial transaction". In a strongly worded order, the appellate tribunal said the material on record "clearly proves" that there was no financial debt disbursed by the financial creditor (Religare Enterprises) to the corporate debtor (Ligare Aviation) for consideration of the time value of money, a key requirement under the Insolvency and Bankruptcy Code (IBC). Allowing appeals filed by Daiichi Sankyo Company, a Japanese global pharmaceutical company and a shareholder, NCLAT observed that the transactions in question were merely a "round tripping of money/layering of money" undertaken for "some undisclosed fraudulent purposes" and did not create any financia

Chief Financial Officer Shane Tackett said fuel markets had become less volatile in recent weeks, but prices were still moving by about 5% over a couple of days

Government says energy supplies, aviation services and maritime operations remain stable as evacuation efforts continue and Gulf connectivity gradually improves

The one-time fund will help airlines manage sharp aviation fuel price swings amid the West Asia conflict, while supporting air connectivity and limiting fare increases for passengers

Air India said it has temporarily rationalised domestic flight frequencies between June and August due to high fuel prices linked to the ongoing West Asia conflict

Protest by AI Airport Services Limited staff at Mumbai airport disrupted Air India and Air India Express operations before work resumed

GE Aerospace will make a fresh investment of Rs 100 crore in its Pune manufacturing facility to support infrastructure enhancements and other works as the company strengthens its footprint in India. In three years, the aerospace major's investments in the facility, which makes critical components for commercial aircraft engines, total Rs 510 crore. Announcing the Rs 100 crore investment, GE Aerospace on Monday said the funds will support new welding technologies, advanced inspection equipment, precision tools, gauges, fixtures and additional infrastructure enhancements designed to increase production capacity, enhance process precision, and support the delivery of high-quality components for customers worldwide. The Pune facility has more than 300 suppliers locally across a broader network of over 2,200 GE Aerospace suppliers in India. "This latest investment builds on the Rs 410 crore announced over the last two years, bringing GE Aerospace's total investment in the Pune facility

All four crew members ejected safely after two Navy jets collided and crashed Sunday during an air show at the Mountain Home Air Force Base in western Idaho, officials said. The collision involved two US Navy EA18-G Growlers from the Electronic Attack Squadron 129 in Whidbey Island, Washington, said Cmdr Amelia Umayam, spokesperson for Naval Air Forces, US Pacific Fleet. The aircraft were performing an aerial demonstration when the crash occurred, Umayam said in a statement. The four crew members from both jets safely ejected, and the crash was under investigation, she said. The crew members were in stable condition, base officials said. Nobody at the military base was hurt, said Kim Sykes, marketing director with Silver Wings of Idaho, which helped to plan the air show. "Everyone is safe, and I think that's the most important thing," Sykes said. Planes fell to the ground together ----------------------------------- The base said in a social media post that it was locked down .