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Tourism
Supply chain issues and crew shortage continue to dog the recovery of the world's fastest-growing aviation market.
Amrita Ghosh | 4 hours ago
Fueled by rising disposable income and over 1,200 planes on order by Indian carriers, India’s civil aviation sector is making sure that there is enough infrastructure for passenger capacity to pick up.
Amrita Ghosh | 1 day ago
News Blog
Indian low-cost carrier SpiceJet said it has restructured its outstanding lease rental worth over $100 million to aircraft leasing firm Carlyle Aviation Partners into equity shares and convertible debentures. SpiceJet’s board of directors approved issuing fresh equity shares of $29.5 million to Carlyle Aviation, following which the aircraft leasing firm will now have over 7.5…
Peden Doma Bhutia | 3 weeks ago
Airlines
It's still way too early to tell whether it was the right decision to nix the Vistara brand, but Air India clearly has its work cut out for itself as the brand name also comes with a lot of baggage.
Indian carrier Vistara reported its first-ever net profit for the quarter ending December 2022, according to statement from the airline on Monday. The full-service carrier, a joint venture of Tata Sons and Singapore Airlines, reported break even for the first time since its inception in 2015 as it crossed the $1 billion revenue mark…
Peden Doma Bhutia | 2 months ago
A regional airline with an unusual hub choice, having India's country code in its name, is starting with short-duration flights. Fly91 is aiming for the sky with its ambitions.
Budget carrier AirAsia India is likely to be merged with Air India Express by the end of 2023. An operational review process is underway to integrate the two carriers, Air India said in a statement this week. The merger news follows Malaysia-based AirAsia Aviation Group's announcement on Wednesday that it has sold off its remaining…
Peden Doma Bhutia | 5 months ago
Merger or no merger, the Vistara team has its work cut out for it. The full-service airline would rather concentrate on thriving and growing in a market that’s dominated by low-cost carriers.
Tour Operators
Indians have built quite an appetite for travel, though it is mostly domestic for now. But with the stage set for international travel to take off once again, destinations with easier visa regimes stand to gain.
Peden Doma Bhutia | 7 months ago
Ajay Singh, Chairman and Managing Director of Indian carrier SpiceJet, is said to be in talks with a Middle Eastern carrier and an Indian conglomerate to partially sell a portion of his stake in the budget airline. Singh holds around 60 percent stake in the airline. “The company continues to be in discussions with various…
Peden Doma Bhutia | 8 months ago