Air India and Vistara, the two full-service airlines owned by Tata Sons, are to merge. The merger will see Singapore Airlines (SIA), which has a 49 percent stake in Vistara, invest $ 250 million for a 25.1 percent stake in Air India. The remaining stake in Vistara is...
Delhi-based low-cost airline SpiceJet reported a net loss of Rs-8.378 million ($-103.1 million) or Rs-5.777 million ($-71.1 million) excluding foreign exchange adjustments for its second quarter ending September 30. This compares to a net loss of Rs-5.617 million...
IndiGo, the Delhi-based low-cost airline, reported a loss of Rs 3818 million for the second quarter, excluding foreign exchange losses, This is down from 14,699 million in the previous quarter. The losses for the latest quarter are an estimated $46.39 million. In a...
Air India is aiming to have a 30 percent share of the domestic and international air traffic in the next five years, Campbell Wilson, Chief Executive Officer and Managing Director of the airline said on October 18. Air India wants to capture 30 percent market share....
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