Aviation Sector

InterGlobe Aviation receives Delhi High Court relief in GST case

Delhi High Court grants interim relief to IndiGo in a Rs 458 crore GST dispute linked to compensation received from an overseas engine manufacturer

Airlines urge OMCs to delay ATF rate hikes amid West Asia conflict

Indian airlines urge oil refiners to delay ATF price hikes for domestic flights amid rising losses triggered by the West Asia conflict

India's two largest aviation hubs cut ATF tax. How much can airlines gain?

Experts said lower ATF taxes at India's two biggest aviation hubs could improve airline operating economics and margins, though passengers may not see meaningful fare cuts immediately

Airlines flag steep charges at Noida airport ahead of June 15 launch

IndiGo, Air India, and global airline body IATA have flagged high airport and user development charges proposed at Noida International Airport

Air India board meets in Delhi as airline faces multiple headwinds

Air India's board of directors met in the national capital on Thursday amid the loss-making airline facing multiple headwinds in the wake of the West Asia conflict. The meeting is expected to discuss various issues, including financials and cost-saving measures. Discussions related to the selection of a new CEO are also likely at the board meeting. Current CEO and MD Campbell Wilson will be stepping down later this year. Airspace curbs and higher jet fuel prices due to the West Asia conflict are adversely impacting the airline, which is in the midst of an ambitious transformation plan. Operational costs have gone up significantly in recent months for the carrier. Against this backdrop, the airline is mulling various cost-saving measures. Sources said the board meeting started after 11 am on Thursday. Specific details about the agenda for the meeting could not be ascertained. Air India board is chaired by Tata Sons Chairman N Chandrasekaran. Wilson, Singapore Airlines CEO Goh

Liquidity support: Credit guarantee scheme will help small businesses

Given the credit guarantee, banks will be less reluctant to lend, particularly to MSMEs

MSMEs, airlines get ₹2.55 trillion credit lifeline amid West Asia crisis

Cabinet approves ECLGS 5.0 with an outlay of ₹18,000 crore

Airlines scramble to help stranded Spirit flyers after carrier collapses

Spirit Airlines ceased operations on Saturday following a doubling in jet fuel prices due to Iran war

Indian airlines warn govt soaring fuel costs threaten ops, seek urgent help

India's top airlines have asked the government for urgent relief as record-high jet fuel prices raise costs, threaten flight operations and may lead to higher fares and route cuts

Delhi-Zurich Swiss flight evacuated on runway after engine failure, 6 hurt

A Swiss Airbus A330 aborted takeoff at Delhi airport after an engine failure and fire alert, forcing emergency evacuation of over 230 passengers and crew on the runway early Sunday

SpiceJet leans on sovereign backing prospect in ₹144 cr deposit Maran case

Maran side calls it rehashed distress plea; court tests feasibility of asset sale

Air India seeks funds from Tata, Singapore Air after ₹22,000 crore loss

Size of the infusion from the majority shareholders is still being discussed but may be less than what the carrier needs, meaning Air India would have to look for other financing options

Air India CEO Campbell Wilson steps down amid continuing losses: Report

Air India ​CEO Campbell Wilson has ​stepped down from ‌his position, Indian newspaper Mint reported, citing two people with knowledge of the matter

West Asia conflict, airspace curbs likely to cost carriers ₹2.5K crore

The broader conflict in West Asia, the largest international market for Indian carriers, has forced a sharp reduction in daily flights relative to the summer schedule

How Iran war is fuelling a global aviation crisis as jet fuel prices spike

Jet fuel prices, the single largest cost component for airlines, have surged sharply since February and are now forcing airlines globally to raise fares and activate emergency cost controls

Weak rupee, higher fuel costs, Iran war weigh on IndiGo's FY27 outlook

Geopolitical tensions, rising crude prices and rupee depreciation prompt brokerages to cut IndiGo's earnings estimates for FY27 despite stable demand outlook

Govt puts UDAN 2.0 on runway with a total outlay of ₹28,840 crore

Government approves next phase of UDAN scheme to boost regional connectivity, develop airports and helipads, and support airlines operating in underserved regions

60% seats on every flight to be free to choose: DGCA rolls out new norms

Under the new rule, airlines must allocate a minimum of 60 per cent of seats on each flight without any seat selection charges

DGCA allows longer pilot duty hours for Air India amid West Asia crisis

Large chunks of the West Asian airspace have since remained closed for commercial flights

Iran war exposes vulnerabilities for airlines in global aviation network

Global airlines have seen billions of dollars wiped from their market capitalisation on the surging cost of fuel and uncertainty about when safe operations can resume