Ratifying the convention would help Indian carriers save over $200 million in aircraft acquisition costs in the short term and over $1 billion in the long term.
The world welcomed 2026 with spectacular celebrations across continents. From dazzling fireworks illuminating iconic landmarks like the London Eye, Marina Bay, and Copacabana beach to intimate gatherings at historic sites, the New Year brought together diverse cultures in joyous unity.
Aviation Working Group (AWG), a global aviation leasing body comprising major planemakers and lessors, on Monday further downgraded India as lessors have not been able to repossess their planes from Go First more than four months after the airline filed for insolvency. The leasing cost stands as a prominent expense for Indian airlines. With AWG's downgrade, it is likely that lessors will increase the aircraft leasing rates for Indian carriers.
To enable Indian banks and financial institutions to develop an aircraft-leasing ecosystem at GIFT City, the Ministry of Civil Aviation has sought support from the Ministry of Finance. It has also raised concern over slow progress in developing aircraft leasing in India.
Indian Hotels Company Ltd (IHCL) net profit rose 15 per cent in the second quarter after excluding the one-off exceptional gain of Rs 307 crore in the previous year. Net profit fell 45 per cent when compared with the previous year's earnings after including a one-off gain.
Aviation watchdog DGCA has deregistered all the 54 planes leased by Go First, days after a court allowed lessors to take back their aircraft from the bankrupt airline. Bogged down by financial turbulence and engine woes, budget carrier Go First stopped flying in May last year and is undergoing an insolvency resolution process. Foreign lessors that have leased planes to the airline had moved the court to take back the aircraft.
Led by Nationalist Congress Party-Sharadchandra Pawar MP Supriya Sule, Group 7 will engage with key countries in Africa -- Egypt, South Africa, Ethiopia -- and Qatar to present India's position on Operation Sindoor, launched in response to the April 22 Pahalgam terror attack.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
Rahul Gandhi's constituency gets paper mill.
Sony World Photography Awards 2025 Winners Announced
The first hurdle is how long Jet Airways can enjoy rights over its parking slots at various airports.
The Indian cricket team, on Thursday, skipped the optional practice session ahead of the opening Test against South Africa, while skipper Virat Kohli also gave the pre-match press briefing a miss, a noticeable departure from convention for a bilateral engagement.
Ahead of his final Test match at his home arena of Sydney Cricket Ground (SCG), Australian opener David Warner reflected on the 2018 ball-tampering scandal in Cape Town.
Whatever surprises the draw for South Africa 2010 provides in Cape Town on December 4, the path to glory at the first African World Cup will be a familiar one.
Images from Day 2 of the third Test between South Africa and India, in Cape Town, on Wednesday.
Namrata Thakker looks at the B-town divas who gave us major fashion goals this festive season.
The court order could put SpiceJet's revival plan under stress.
'There's so much in favour of batsmen these days. Fields are small, two new balls, powerplays, bats have got bigger than they used to be, the list can go on. You bowl a 'no ball' and it's a free hit. But I have never seen a rule change that favours the bowler.'
Factbox on Australia fast bowler Mitchell Johnson, who announced his retirement from all forms of cricket on Tuesday
Ninety-six years after women won the right to vote in the United States of America, a woman stands a chance of winning the US presidential race. Hillary Clinton -- former first lady, former US senator, and former secretary of state -- has become the first woman to capture a major-party nomination for president, taking another step in a journey that once seemed impossible, but over the last eight years has seemed inevitable. Like everything about her campaign, it was harder than expected.
We sorted through countless photographs taken around the world to come up with the top photos of 2019. Together these images tell the story of the year -- capturing moments of hope and heartbreak, triumph and tragedy.
Indians in countries like the United States, China, Australia, Japan, Singapore, Egypt, Israel and South Africa celebrated the day with hoisting of the national flag and singing of patriotic songs.
No one even comes close to the impact Anil Kumble has had on Indian cricket, when it comes to winning matches and series, say Aakash Chopra and Impact Index.
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