Akasa Air saw an increase of 0.8% from 4% to 4.8%. However, SpiceJet, which is struggling with financial woes and grounded aircrafts, saw its market share fall to 5.4% in May from 5.8% in April.
By Aditya Kalra NEW DELHI (Reuters) - India's aviation watchdog has put on hold requests from lessors to repossess planes from airline Go First as the carrier's bankruptcy process imposes a freeze on
The move by Aviation Working Group could raise leasing costs for Indian airlines and hurt lessors’ confidence just as the world’s third-largest domestic market faces record growth.
Wadia Group-owned Go First said in petition to NCLT that it owes Rs 11,463 cr to creditors & that its assets 'are not sufficient to meet its liabilities'.
DGCA says India retains ‘Category 1 status’ under FAA’s International Aviation Safety Assessment programme. Category 1 countries allowed to expand services in US, among other things.
A Yeti Airlines aircraft crashed in Pokhara last week killing 68 passengers. For flight operations, Nepal has an almost unrivalled, harsh environment with sudden weather changes.
Many airlines expect their crew to follow strict dress codes and decorum, but Air India’s commandments even instruct members on what to say and not to say on social media.
No Indian airline makes money, railways' passenger traffic is stagnant, and roads have a revenue imbalance problem. At some point, traffic growth will have to justify the investment.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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