The Centre said that the AAI has received a request seeking a waiver from such contractual restrictions, which could allow an airport operator to enter the airline business
Indian carriers are losing share on international routes as foreign airlines strengthen their presence, underscoring the challenge of building global aviation champions
Adani Enterprises has ruled out plans to launch an airline, saying reports about its entry into the aviation business are baseless
Indian airlines cancelled about 26,000 international flights and faced higher fuel costs and revenue losses due to airspace restrictions triggered by the US-Iran conflict
The Adani Group is considering starting an airline, a move that could intensify competition in India's aviation market dominated by IndiGo and Air India
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 posted a $2.96 billion loss in FY26, its biggest since Tata regained control in 2022, raising fresh questions over the pace and cost of its turnaround
India is a fantastic market that demonstrates the real value of aviation, but high fuel costs is a challenge for the local airlines, IATA chief and IndiGo's incoming CEO Willie Walsh said on Monday. Speaking at briefings after the conclusion of the IATA Annual General Meeting (AGM) in the city, Walsh said India has great opportunities, as well as some as challenges. Howeever, taxation could slow down the growth potential, he added. "The net position in India is very, very exciting and that is proven by the growth that we've seen in the domestic market... I think (there) would be a very significant growth in the international market in due course as well," he said. The International Air Transport Association (IATA) is a grouping of more than 370 airlines and accounts for around 85 per cent of the global air traffic. Talking about the challenges in the Indian market, Walsh cited high fuel costs. "That is an additional burden when fuel (price) is denominated in dollars and you've see
The government has fixed benchmark jet fuel prices for Indian airlines, but experts say the move may curb fare spikes rather than make tickets cheaper
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
The fuel price for domestic flights will remain unchanged at ₹104,927 ($1,104.25) a kiloliter in New Delhi for June
Rising fuel prices and rupee depreciation linked to the West Asia conflict are forcing Indian airlines to cut domestic flight operations in June
Indian airlines urge oil refiners to delay ATF price hikes for domestic flights amid rising losses triggered by the West Asia conflict
Air India CEO Campbell Wilson on Friday asked the employees to suspend discretionary spending and defer non-critical expenditures as he emphasised the need to cut down on costs in these "tough times", according to sources. The management of the loss-making airline, which has been facing multiple headwinds especially due to the West Asia conflict, told staff that layoffs are not anticipated. Wilson, along with Chief Financial Officer Sanjay Sharma and Chief Human Resources Officer Ravindra Kumar GP, addressed the airline's employees during a townhall on Friday. As per the sources, Kumar said Air India will proceed with variable pay for the last financial year and continue with planned promotions while annual increments will be deferred by at least one quarter in light of the uncertain economic environment. "We don't anticipate layoffs," he said. Calling for a relentless focus on costs in these tough times, Wilson urged employees to suspend discretionary spending, renegotiate rates
Credit facilities worth Rs 70,000-80,000 crore available with SBI for MSMEs under ECLGS scheme: SBI chairman
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
Several foreign carriers have expanded operations to India
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
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
On Sunday, the Ministry of Civil Aviation decided to withdraw the temporary fare caps on domestic airfares starting Monday (March 23)