Aviation Sector

Air India plans to downsize as Tata group balks at losses of $3 billion

Air India is considering delaying aircraft deliveries and scaling back expansion plans after Tata Group directed the airline to focus on reducing mounting losses

ATF prices rise 10% as oil firms roll out price stabilisation regime

The new rate will be locked in for up to three years for airlines that opt to participate in the government-backed price stabilisation scheme

SpiceJet delays pilot salaries, seeks govt-backed loan to shore up finances

SpiceJet was India's second-largest domestic carrier ​by market share in 2019, carrying roughly 15 per cent of passengers, but that has since fallen to a fourth-place share ​of 3.4 per cent

NCLAT quashes Ligare Aviation's insolvency, cites round-tripping issue

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

Indian airlines urge oil firms to defer jet fuel price hike amid Iran war

The proposal floated by airlines including Air India Ltd., IndiGo and SpiceJet Ltd. is being considered by the refiners

West Asia tensions lead to 3.4% fall in air passenger demand in April: IATA

In the data released by the Association, total demand, measured in revenue passenger kilometres (RPK), was down 3.4 per cent compared to April 2025

India likely to see 7% fall in June domestic flights as costs rise

Rising fuel prices and rupee depreciation linked to the West Asia conflict are forcing Indian airlines to cut domestic flight operations in June

Akasa Air gains ground as rivals cut flights amid Iran war disruption

Akasa Air, which was founded during the coronavirus pandemic and made its first commercial flight in 2022, operated 10,109 flights in March and April 2026

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