ICRA stated in it's report, "The Indian aviation industry to report a net loss of Rs. 20-30 billion in FY2026."
This projected loss is similar to the estimated losses in FY2025, and a stark contrast to the ₹1,600 crore net profit reported in FY2024.
Minister of Civil Aviation Ram Mohan Naidu Kinjarapu convened a detailed video conference with all Airport Directors across the country to review ground-level preparedness and passenger support mechanisms in the light of rescheduling of flights happening due to multiple reasons like post-acc
The Aircraft Accident Investigation Bureau (AAIB) has commenced a formal inquiry into the Air India flight crash in Ahmedabad and the multi-disciplinary team from AAIB has commenced investigation from June 12, said an official statement from Ministry of Civil Aviation on Thursday.
Indian airlines are facing renewed pressure on profitability as escalating tensions in the Middle East threaten to push global crude oil prices to USD 100 per barrel, according to a report by Nuvama.
A week after the Air India crash in Gujarat's Ahmedabad, the Ministry of Civil Aviation has released new draft rules to tighten control over structures that pose a risk to aircraft safety.
The Singapore Airlines (SIA) Group issued a statement extending condolences to the families of the victims in the Air India-171 plane crash. The statement came after Praful Patel, Former Union Aviation Minister and Working President of the NCP, questioned the airlines' silence.
Air India and Tata Sons Chairman N Chandrasekaran on Wednesday publicly expressed his sorrow over the London-bound Air India flight crash on June 12, finally breaking his silence after the tragedy during an interview.
Reliance Infrastructure Ltd subsidiary, Reliance Aerostructure Limited (RAL) and French manufacturer Dassault Aviation have announced an agreement to manufacture Falcon 2000 LXS Business Executive Jets in India for the Global Market.
Days after the tragic Air India plane crash that claimed over 241 lives, former Union Minister of State (MoS) of Civil Aviation and NCP MP, Praful Patel, on Wednesday questioned the silence of Singapore Airlines (SQ).
Five adults, one infant and one crew member were on board the Aryan Aviation's Bell 407 helicopter operating in the "Shri Kedarnath Ji - Aryan Helipad, Guptkashi" sector that crashed on Sunday, the Civil Aviation Ministry said in a statement.
Helicopter operations at the Kedarnath Dham in Uttarakhand have resumed, and the tourists have been told to plan their journey according to the weather, according to Sonika, the CEO of Uttarakhand Civil Aviation Development Authority.
Earlier today, a Boeing team and officials of the Aircraft Accident Investigation Bureau (AAIB) arrived in Ahmedabad to inspect the site of the Air India plane crash.