SpiceJet promoter Ajay Singh is infusing Rs 5000 million (about $ 61 million) into SpiceJet by subscribing to fresh equity and/or convertible instruments. The announcement comes as the airline entered its 18th year of operations, starting commercial operations in May…
When Air China’s first flight landed in Colombo on July 3, it marked the return of the Star Alliance airline partner to the island The airline also became the latest international carrier to place Colombo on its flight schedule. Air…
Vistara, a joint venture between Tata Sons and Singapore Airlines, has decided to drop plans of flying to the United States from India. The airline had received temporary approval in 2021 to fly to the US. Vistara drops plans of…
IndiGo reported a net profit of Rs 9.19 billion for the fourth quarter ending March 2023. This is the best-ever fourth-quarter profit reported by the airline, which enjoys a domestic market share of over 50 percent. The airline had reported…
India’s National Company Law Tribunal (NCLT) reversed its order on Go First plea to begin insolvency resolution proceedings. This comes even as the airline extended its flight cancellations till May 9. India’s NCLT reverses plea Go First to start insolvency.…
[UPDATE with Pratt & Whitney statement] Go First, the Mumbai-based and third-largest Indian carrier, filed an application with the National Company Law Tribunal (NCLT) Delhi for resolution under section 10 of the Insolvency Bankruptcy Code (IBC). The airline says it…