Ongoing geopolitical tensions in West Asia continue to affect India's aviation sector, with international passenger traffic, profitability and capacity utilisation remaining under pressure. Elevated fuel costs, rupee depreciation and disrupted travel patterns have delayed a broader recovery, according to a report.
The Delhi government reduced VAT on aviation turbine fuel from 25% to 7% to support airlines and passengers amid global fuel uncertainty linked to the West Asia conflict. The decision was approved during a Cabinet meeting chaired by Chief Minister Rekha Gupta
Campbell Wilson has resigned as CEO and MD of Air India, with a successor search underway. Chairman N. Chandrasekaran praised his leadership during the airline’s transformation after privatisation
IndiGo’s parent company, InterGlobe Aviation, reported a Rs 2,582 crore net loss for the September quarter, mainly due to adverse currency movements. Despite a 10 per cent rise in topline revenue, the airline’s shares slipped over 1 per cent on the BSE
Notably, despite this substantial increase in passenger traffic, the overall cancellation rate for scheduled domestic airlines remained impressively low at just 0.65 per cent in August 2023.
The findings of the aviation regulator after surprise inspections reveal an alarming state of affairs as far as safety issues are concerned. A recent string of technical glitches and mid-air scares involving private domestic carriers has raised concerns over air safety. Spot checks conducted by the Directorate General of Civil Aviation (DGCA) revealed that the […]
Aviation sector was affected because of Covid restrictions on the movement of international flights was still on, but the condition is favourable for the aerospace sector here, said Industries Minister
"We are working on a long-term plan to help the sector by rationalizing various taxes. We are looking forward to make the ecosystem smarter and more efficient to make the aviation sector sustainable," said Usha Padhee
Airbus South Asia President, Remi Maillard expressed confidence in the industry's potential along with its revival prospects on the back of strong fundamentals
