Carlyle Aviation to convert lease rental dues to equity in SpiceJetPeople aware of the development said Carlyle will take an equity stake of around 5% in the company. SpiceJet will also issue Convertible De...
Who's to blame? Jet delivery delays spark penalties battlePowerful leasing companies heaped pressure on planemakers over the delays, with Air Lease Executive Chairman Steven Udvar-Hazy telling this...
Lessor AWAS requests de-registration of SpiceJet planes over unpaid duesThe airline's flights have also had frequent safety snags in the last two months. The DGCA issued a show cause notice to the airline recent...
SpiceJet settles dispute with Credit SuisseLow-cost carrier SpiceJet on Wednesday said that it has signed and concluded the settlement and consent terms with Credit Suisse in a pendi...
SpiceJet settles $24 million financial dispute with Credit SuisseThe airline said that the documentation process of the settlement terms is underway. Notably, the process involves payment of the settlemen...
Flying taxis to take to the sky in mid-2020s, says UK's Vertical AerospaceEarlier, German flying taxi startup Volocopter said it would sell 150 electric vertical take-off and landing (eVTOL) aircraft to its joint ...
SpiceJet gets lease rental waiver of Rs 300 crore for 4 Boeing MAX aircraftThe 13 MAX aircraft in its fleet have been leased from five lessors. The airline recently announced that it has agreed on a settlement with...
India's SpiceJet settles with Boeing MAX aircraft lessor CDB AviationThe 737 MAX was grounded worldwide in March 2019 after two fatal crashes in five months killed 346 people, plunging Boeing into a financial...
3 of retail investors' conviction buys surged up to 90%; 4 took a beatingRetail investors' biggest stock bet of 2021 is Indian Energy Exchange (IEX), where their holding stood at 17.9 per cent at the end of the J...
SpiceJet plans to bring back Boeing 737 MAX aircraft from next monthSpiceJet said it ‘expects to start operations of MAX aircraft around the end of September 2021 subject to regulatory approvals.’ With India...
Seeing positive signs, but Indian aviation sector still in eye of storm: Airbus India presidentIndian airlines are currently carrying 60 per cent of the total pre-COVID domestic passengers and this is better than most countries in the...
India plans aircraft leasing company at GIFT City to counter Chinese dominanceThe finance ministry classified aircraft leasing as a financial activity last week, a step that allows IFSC entities to provide such servic...
Other carriers to fly in to occupy Jet Airways airspaceThe slots are being allocated for flights between April 16 and July 15, covering the peak summer travel season, when demand for leisure tra...
Jet Airways grounds four aircraft after failing to pay lessorsJet Airways has a large fleet of mainly Boeing Co 737 jets which it sources from over 20 lessors.
'India's pax aircraft fleet to double to 1,100 planes by 2027'Avolon has also said that 75 per cent of the jets in the existing fleet are currently narrow-body or single-aisle planes.
Avolon agrees to buy 75 Boeing aircraft, may order 20 moreBohai Capital and other state-backed firms are expanding in the aircraft financing and leasing business as customer airlines open routes at...
AirAsia seen near $12 billion Airbus A330neo dealThe provisional deal between AirAsia and the European planemaker could involve around 50 of the revamped wide-body jets, equivalent to at l...