Air India will borrow Rs 18,000 crore from the State Bank of India (SBI) and Bank of Baroda (BoB) to refinance its existing debt over the short term. The airlines owned by the Tata Group may later seek longer loans. The borrowing will take the form of one-year loans.
Indian Aviation News
Air Asia will launch operations from T2 at Bengaluru International Airport
Vistara Airlines has paid a record fine of 70 lakh to India’s civil aviation regulator for failing to operate the required minimum number of flights to the nation’s northeastern underserved areas.
A female cancer patient is said to have been offloaded from an American Airlines flight on January 30 as it was travelling from Delhi to New York.
Vistara Airline, a joint venture between Tata Group and Singapore Airlines, has taken delivery of India’s first long-range Airbus A321LR aircraft.
InterGlobe Aviation, Indigo’s parent firm, reported a 1000% increase in net profit to Rs.1422.6 crore for the December 2022 quarter on Friday. This compares to a net profit of 129.79 crore the previous year.
Air India Express flight from Abu Dhabi to Calicut in Kerala was forced to make an emergency landing after flames were seen emerging from the engine during takeoff.
The fourth-largest market for travellers at Changi Airport in Singapore is India. As the country emerged from the pandemic-hit scenario in 2021, the airfield handled 219,000 flights and 32.2 million passengers in the previous year.
The Union Budget allocation for the civil aviation ministry has been more than halved to Rs 3,113.36 crore for the next fiscal year, owing mostly to a steep fall in the amount set aside for Air India Asset Holding Ltd.
IndiGo will start flying Boeing 777s on the Delhi-Istanbul route on February 1 |Exclusive