Strong passenger volume help Indigo boost June quarter performance

New Delhi: Interglobe Aviation, the parent company of IndiGo airlines, has beaten analysts' expectation and posted revenue growth of 26 per cent year-on-year between April-June...

Domestic air passenger traffic grew 20% in June: DGCA data

New Delhi: Domestic air passenger traffic in India rose 20 per cent year-on-year to 95.8 million passengers in June 2017, according data from Directorate General of Civil Aviation ...

India plans open sky pact with countries within 5,000 kms'

New Delhi: India plans to have open sky agreement with countries within 5,000 kilometres radius, said Mr Paul Gregorowitsch, CEO, Oman Air.

Reliance Infra to construct Dhirubhai Ambani Aerospace Park in Nagpur

New Delhi: Reliance Aerostructure Ltd (RAL), an arm of Reliance Infrastructure Ltd, has obtained the Government of India's approval to build an aerospace park in Nagpur, which ...

No GST on import of aircraft, its parts on lease

New Delhi: The Government of India has decided not to levy the Goods and Services Tax (GST) on the import of aircrafts, aircraft engines and its parts obtained on lease.

Cabinet clears Air India disinvestment

New Delhi: The Cabinet Committee on Economic Affairs, Government of India, has approved the divestment of Air India and five of its subsidiaries based on the recommendations of Nat...

SpiceJet becomes world's top airline stock with 124% gain in 2017

New Delhi/Mumbai: Spicejet has become the world’s best-performing airline stock as it gained 124 per cent in 2017, supported by strategic decisions by Mr Ajay Singh, Co-found...

SpiceJet to buy stretched version of Boeing 737 Max aircraft to fly on congested routes

New Delhi: SpiceJet Ltd has signed a memorandum of understanding (MoU) to purchase 40 737 Max aircrafts to fly on congested routes, for an approximate value of US$ 4.74 billion.