Businesses such as hotels, civil aviation and tour operators, which are the hardest hit by the second wave of COVID-19, will get help through the expanded Emergency Credit Line Guarantee Scheme (ECLGS), a report by Crisil said on Wednesday. It…
India’s low-cost carrier SpiceJet on February 10 posted a standalone loss of Rs 56.95 crore for the quarter ended December 2020. According to the company, the loss was because of limited operations and muted demand. However, the profit in the corresponding period…
Jet Airways CEO, Vinay Dube and Senior Executive Praveen Iyer are planning to launch a new low-cost-carrier, reported a source. As per the sources said that Dube and Iyer have decided to explore the possibility of launching a new low-cost-carrier…
Budget airline GoAir is planning to launch its initial public offering (IPO) soon, which has been delayed several times since 2017. According to a report, the airline is planning to raise Rs 3,000 crore in an IPO and has appointed Citigroup,…
Marking the first step towards acquiring a majority control in the Mumbai International Airport (MIAL), Adani Group has completed the purchase of 23.5 per cent stake in the airport from two South African entities, Adani Airport Holdings (AAHL), a wholly-owned subsidiary of…
GMR Group has signed an MoU with Aerospace major Airbus to explore collaboration opportunities on aircraft maintenance and airport services. The Memorandum of Understanding (MoU) was signed at Aero India 2021 in Bengaluru. “GMR Group and Airbus have signed an…
According to a report, the government may receive around Rs 15,000 crore from the sale of Air India, its subsidiary Air India Express and AISATS. Potential bidders are attributing zero value to the equity of the financially troubled company, with…
As per a media report, the Indian low-cost carrier IndiGo’s is expecting its international operations to return to the pre-covid level by the end of 2021. While many airline executives remain rather gloomy about the near future, IndiGo’s CEO has…
According to the latest rankings from OAG, India’s favourite low-cost airline, IndiGo has become the world’s 7th biggest airline by capacity. Without COVID-19, the airline wouldn’t have expected it to be this big. Over the past year or two, IndiGo…
Hyderabad’s Rajiv Gandhi International Airport (RGIA) will soon be expanded to handle 3.4 crore passengers annually as the Airport and a step-down subsidiary of GMR Infrastructure (GMR Group) has announced that it has successfully priced an offering of US$ 300…
