Pakistan’s airspace closure to Indian airlines, including Air India (AI) and IndiGo (6E), is set to cost the industry ₹7,000 (~$1 Billion) crore annually.
Airlines under the Tata group umbrella reported a loss of Rs 15,530 crore during FY 23 due to the inclusion of impairment charges amounting to Rs 5,103 crore related to the old aircraft of Air India (AI).
Advertisement
Aviation A2Z is one of the leading news and media publication company.
We publish latest aviation news, exclusive blogs and more.