IndiGo, India's largest airline by market share, placed order months after rival Air India announced it would buy 470 aircraft — 250 from Airbus & 220 from Boeing.
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.
Rakesh Gangwal and Rahul Bhatia, who co-founded IndiGo in 2006, fell out in early 2020 when the former sought to modify certain rules in the company's articles of association.
Cash-strapped airline Go First filed for bankruptcy on Tuesday, blaming ‘faulty’ Pratt & Whitney engines for grounding of about half its fleet and taking lenders by surprise.
Costing Rs 645 crore, it was built by AAI, centre & state govt. The state hopes it will usher in improved connectivity, tourism & economic growth. Bamboo entrance gate already attracting attention.
The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
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