Airlines are cutting not only international services but also domestic flights, especially on routes projected to remain unprofitable in the coming weeks due to weak demand and high fares.
The support will be provided to oil-marketing companies (OMCs) in the form of interest-free advances through the ministry of petroleum and natural gas. The OMCs, in turn, will use the fund to provide ATF price stabilisation support to Indian carriers operating domestic and international flights.
Domestic air traffic in India experienced a nearly 12 per cent decline in June, falling to 1.35 crore passengers from 1.53 crore in May, with IndiGo increasing its market share to 66.3 per cent.
IndiGo, India's largest airline, reported a net loss of Rs 238 crore for the June quarter, primarily attributed to a significant surge in fuel prices and operational constraints stemming from the West Asia conflict.
IndiGo, India's largest airline, has placed a record-breaking order with CFM International for over 1,000 LEAP-1A engines to power its 510 Airbus A320 neo family aircraft. This significant deal, announced at the Farnborough International Airshow, also includes extensive MRO support and material services, reinforcing CFM's commitment to the Indian aviation market.
Indian Hotels Company (IHCL) reported a 20.8 per cent year-on-year rise in net profit for Q1 FY27, reaching 357.9 crore, despite macroeconomic headwinds like geopolitical tensions in West Asia impacting international travel and airline catering business.
Air India, IndiGo and SpiceJet have told the government that the country's airline industry is under extreme stress and on the verge of "stopping operations", as they sought revision in ATF pricing and financial support.
Yuvraj Sandhu, competing on the DP World Tour for the first time, delivered an impressive opening round of 3-under 69 at the Turkish Airlines Open, placing him within the Top-10. Shubhankar Sharma also performed well, finishing with a 2-under 70. Sweden's Mikael Lindberg leads the tournament after a bogey-free 66.
Air India Group anticipates the delivery of 50-60 new aircraft within the next 18 months, with its ambitious transformation programme progressing despite global challenges like supply chain issues and geopolitical tensions, according to Chief Commercial Officer Nipun Aggarwal.
Nepal Airlines has apologised for a map shared on social media that incorrectly depicted Jammu and Kashmir as part of Pakistan, leading to a swift backlash and the removal of the post.
Aviation watchdog DGCA has issued a warning letter to IndiGo for lapses in compliance with norms for handling dangerous goods and has asked the airline to review the relevant training programme to include more practical exercises as well as operational scenarios.
Kapila Chandrasena, former CEO of SriLankan Airlines, was found dead at his home in suspicious circumstances after securing bail in a corruption case. He was charged with taking a kickback on aircraft purchases for the national carrier and had allegedly admitted to bribing former president Mahinda Rajapaksa.
India's Yuvraj Sandhu finished T43 at the Turkish Airlines Open after a difficult final round, while Mikael Lindberg secured his first DP World Tour title.
Yuvraj Sandhu of India is in the Top-10 at the halfway stage of the Turkish Airlines Open on the DP World Tour after a steady round of 1-under 71. Shubhankar Sharma also made the cut despite a difficult finish.
Indian benchmark indices Sensex and Nifty experienced a significant decline in early trade, with the Sensex falling over 500 points and the Nifty over 150 points, as Brent crude oil prices surged past USD 100 per barrel due to escalating geopolitical tensions in the West Asia. track sensex, Nifty on July 24.
IBS Group has launched Naviq Technology, an artificial intelligence company dedicated to the global travel industry, backed by a substantial USD 500 million investment over the next five years. The new venture aims to partner with major travel players to drive business transformations, modernise operations, and leverage AI for new revenue streams, with plans for significant job creation in India.
Kerala Chief Minister V D Satheesan announced the state's vision to become a national hub for artificial intelligence and emerging technologies, coinciding with the launch of Naviq Technology by IBS Software Group. The state government is implementing initiatives like an AI-powered dashboard, a Global Job Watch Tower, and curriculum revisions to align with technological advancements and foster skill development in AI and semiconductor sectors.
Mumbai has spent four centuries building folklore around its monsoon: The potholes, the delayed trains, the office debates about whether it will 'break' this week or next. It turns out the rain was always a market. Nobody had built the exchange for it until now!
'We may be able to wind back some of the schedule reductions we'd taken in recent months.'
Akasa Air, despite facing headwinds from the West Asia conflict and rising aviation turbine fuel prices, expects to maintain a 30-40 per cent growth trajectory over the next five years and aims for an initial public offering (IPO) within two to four years, according to CFO Ankur Goel.
Typhoon Bavi made landfall in eastern China, leading to the evacuation of nearly 2 million people. Authorities issued red alerts for rainstorms and orange alerts for the typhoon, causing widespread cancellations of flights and ferry services, and the closure of tourist attractions.
An Air India flight from Delhi to Amritsar briefly entered Pakistan airspace during a go-around manoeuvre at Amritsar airport. India's aviation regulator, DGCA, has taken interim action against an air traffic controller and the operating crew for failing to report the incident, which is now under internal investigation by Air India.
The government has suspended its directive requiring airlines to offer at least 60% of seats on flights without additional charges, following industry concerns about the impact on fares and pricing structures.
The broader conflict in West Asia, the largest international market for Indian carriers, has forced a sharp reduction in daily flights relative to the summer schedule.
Loss-making Air India has introduced a new 'Basic Fare' category for select domestic flights, which does not include complimentary meals, as part of its efforts to trim expenses amid rising operational costs.
Indian wedding bookings to Sri Lanka are projected to grow 20-25 per cent annually over the next few years.
Brazilian aerospace company Embraer has secured type certification from India's aviation regulator, DGCA, for three of its commercial jets (E195-E2, E190, and E195). This approval, alongside an existing certification for its E175 jet, paves the way for Embraer to expand its presence in India's regional aviation market, supported by a strategic MoU with Adani Defence & Aerospace for a Final Assembly Line in Dholera, Gujarat.
Under the proposal, if a foreign carrier does not operate flights to a particular Indian airport for 'four consecutive IATA seasons', the regulator may suspend that airport authorisation.
India's aviation sector is facing fresh turbulence, with rising fuel costs, the Ministry of Civil Aviation's free-seat directive, and geopolitical disruptions in West Asia clouding near-term earnings visibility.
Adani Group and Brazilian aerospace firm Embraer have selected Dholera, Gujarat, as the location for a final assembly line for Embraer's regional jets. This strategic collaboration, formalised by an MoU in January, aims to boost India's Regional Transport Aircraft programme and align with the Aatmanirbhar Bharat initiative and UDAN scheme. Embraer sees immense potential in the Indian market across various aviation segments.
Outgoing Air India CEO Campbell Wilson stated that the airline's foundations have been rebuilt over the last four years, but non-delivery of aircraft on schedule has significantly impacted growth and fleet modernisation. He also revealed he has no plans to take up another full-time executive position after stepping down.
An Air India Express flight carrying over 180 passengers from Kannur to Jeddah was forced to return to Kannur airport within two hours of take-off due to an engine fault, specifically a fuel filter issue. All passengers landed safely, and the airline is arranging an alternative aircraft and accommodation.
India has significantly reduced Aviation Turbine Fuel (ATF) prices for international airlines by 27% due to easing global fuel benchmarks, while simultaneously increasing commercial LPG and 5-kg cylinder prices to record highs.
Not a single retail outlet ran dry. Every household that wanted a cylinder got one. India faced neither a 1991 moment nor a 2013 one. Macroeconomic stability held. This was not an accident, and it was not luck alone. It was the work of a government that chose to act as it had during the pandemic -- deliberately and gradually, building one measure upon another rather than reaching for a single dramatic lever, explains V Anantha Nageswaran, chief economic advisor to the Government of India.
The Adani Group-owned Navi Mumbai International Airport is slated to commence international passenger and freighter operations from July 15. This marks a significant expansion for the airport, which began domestic services last December. Air India Express and IndiGo are expected to operate international flights, with customs readiness reviews already completed. The airport anticipates a substantial increase in daily passenger footfall and air traffic movements by the year-end.
The US Department of Transportation has proposed new rules to reverse a five-decade ban on overland supersonic flights, driven by advancements in quiet supersonic technology like NASA's X-59 aircraft. This move aims to enable a new era of faster air travel while addressing noise concerns, with final rules expected by mid-2027.
Due to airspace restrictions resulting from the conflict in the Middle East, Indian domestic carriers have cancelled 278 international flights. Some airlines are operating limited services and special flights to assist stranded passengers.
Some places are etched into our memories - and even when they are replaced by grander, gleaming structures, they can never be replaced or rebuilt. We try to hold on to them as hard as we can.
'A lot of people feel there is pressure on the AAIB not to go against Boeing or GE -- both enormous American companies.' 'If the AAIB implicates Boeing or GE, it will impact their sales.' 'If their sales are impacted, jobs are lost in the United States. No government would willingly do that.'
The Bombay High Court has set aside a 2011 Directorate General of Civil Aviation (DGCA) order that suspended a 61-year-old pilot's Airline Transport Pilot License (ATPL). The court ruled the suspension "illegal and unsustainable" because the DGCA failed to provide the pilot with a show-cause notice or a hearing, violating principles of natural justice. The pilot's ATPL has been restored, though the DGCA is permitted to conduct a fresh inquiry following due process.
