New Delhi [India], December 4 (ANI): The Indian aviation industry is expected to report a net loss of Rs 21,000 crore in the current financial year (FY21) against a net loss of Rs 12,700 crore in FY20 due to lower revenues and high fixed costs, according to ICRA.
New Delhi [India], Oct 5 (ANI): The Indian aviation industry witnessed continued recovery in domestic passenger traffic during September with a sequential growth over August of 37 per cent to 39 lakh passengers, according to investment information agency ICRA.
Singapore, Aug 26 (ANI): The weak liquidity position of some Indian airlines is likely to force them to curtail operations and allow stronger rivals to enhance their presence in the domestic aviation sector, Fitch Ratings said on Wednesday.
New Delhi [India], April 16 (ANI): The aviation industry is posing a bleak picture in India as lakhs of people stare at job cuts due to COVID-19. As per fresh data released by the International Air Transport Association (IATA), around 20 lakh aviation professionals' jobs are at risk in India
Singapore, Mar 30 (ANI): As many countries in the world are closing their borders, the COVID-19 outbreak has acutely impacted the travel industry, especially airlines witnessing the most notable casualties.
New Delhi [India], Feb 28 (ANI): Investment information firm ICRA has maintained a negative outlook on the Indian aviation industry in view of ongoing lockouts in parts of China following the outbreak of coronavirus.
New Delhi [India], Oct 1 (ANI): Indian aviation regulatory body, Directorate General of Civil Aviation (DGCA), has ordered checks of the joining areas of wings and body of all Boeing 737 Next-Generation (NG) aircraft in India for those which have completed over 26,000 flight cycles (FC).
New Delhi [India] July 09 (ANI/NewsVoir): Flight Simulation Technique Centre (FSTC) has received EASA (European Union Aviation Safety Agency) approval for its Airbus A320 neo full flight simulator, making it India's first A320 neo with EASA approval.
New Delhi [India], May 20 (ANI): Darwin Platform Group of Companies, which recently shot into prominence for its interest in taking stakes in Jet Airways with infusion of Rs 14,000 crore, has geared up to foray into the Indian aviation sector.
New Delhi [India], May 8 (ANI): The Delhi High Court on Wednesday sought the Enforcement Directorate's (ED) reply on a plea challenging the prosecution complaint it filed against corporate lobbyist Deepak Talwar's son Aditya Talwar in a money laundering case related to alleged irregularit
New Delhi [India] Apr 17, (ANI): Terming the closure of Jet Airways "a setback to Indian aviation", Air India CMD Aswini Lohani on Wednesday said, "It is indeed a sad day for all those in the business of flying in the country to witness a fine airline closing shop."
New Delhi [India], Mar 25 (ANI): Low-cost airline SpiceJet said on Monday that it was a sad day for Indian aviation as Naresh Goyal and his wife Anita Goyal stepped down from the board of financially-strapped Jet Airways.