SpiceJet is about to sell 5% stake to its largest lessor Carlyle Aviation Partners, with the lessor agreeing to convert its outstanding lease rental into equity. The airline had been in discussions wi...
IndiGo is further expanding its domestic capacity with two new flights to North India from Delhi and Mumbai. The flights will commence from March 2, 2023 with the Delhi-Itanagar flight routing over Ko...
SpiceJet is planning to raise more funds and convert certain outstanding liabilities into equity shares. The airline board members will meet on Friday and consider further options to raise capital, ai...
India’s domestic air traffic in January 2023 registered a 95.72 growth as compared to the same time last year, according to the latest figures released by the Directorate General of Civil Aviation (DG...
IndiGo is on the domestic expansion spree with the addition of Nashik. The announcement comes soon after the airline announced its Q4 results for 2022 with impressive profit margin. Nashik will be Ind...
India's domestic air traffic rose 13.7% year-on-year (YoY) to 127.35 lakh passengers in December 2022 as compared with 112.02 lakh passengers in the corresponding period last year, the latest data rel...
Blue Dart Aviation, India is all set to acquire two B737-800F from DHL Express after securing a unanimous shareholder approval. The two aircraft are reportedly ex-SpiceJet as per sources. The airline ...
Indian passenger traffic continues its steady upward climb with the Directorate General of Civil Aviation (DGCA) recording the domestic passenger traffic in the eleven months from January to November ...
SpiceJet has put forward a two-step transaction plan to clear the outstanding debts worth INR 25bn to lessors, reports Economic Times. Looks like the plan aims to turn lessors into potential investors...
International Civil Aviation Organisation (ICAO) has refuted SpiceJet’s claims saying that it never conducted an audit on any airline in India. William Raillant-Clark, Communications officer, ICAO sai...
Despite a rather slow post-pandemic recovery in the Asia-Pacific aviation markets and a negative forecast by Investment Information and Credit Rating Agency of India (ICRA), the Indian domestic civil ...
SpiceJet has reported a consolidated net loss of $104 million in Q3, 2022. The airline reported a net loss of INR 5610 million last year. “Total revenue for the reported quarter was INR 21.04bn as aga...
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