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AIRCRAFT LEASE PAYMENTS
Centre scraps TDS on aircraft lease rentals at IFSCsA significant tax relief has been granted to airlines, with India now exempting tax deducted at source (TDS) on aircraft lease rentals paid...
No smooth landing: ICRA sees Indian airlines' losses widening up to Rs 38,000 crore in FY27India's aviation sector faces a grim outlook, with ICRA projecting net losses to skyrocket to ₹36,000-38,000 crore in FY27. This sharp revi...
Tourism and hotel sector stocks: Time for a correction in business? Are analysts getting it wrong? 15 stocks from the ecosystemThe Indian hotel and tourism ecosystem has benefitted from the post-Covid travel urge. Occupancies were high, room rates firm, supply is, i...
SpiceJet funding crunch delays pilot pay, messages show, as it seeks state-backed loanSpiceJet is delaying pilot salaries since March, seeking an emergency government loan to stabilize operations amid rising fuel costs and re...
For both the compulsive trader and careful investor: 25 stocks to watch if risk appetite returns; some with upside potential, some notIf the price of crude oil softens, Indian equities may again see a risk-on phase. Tariff concerns are no longer the central issue; the larg...
SpaceX reveals Musk company links, from Cybertrucks and jets to stock investmentsSpaceX's IPO filing shows deep financial links between Elon Musk's companies. Transactions include Cybertruck purchases and shared jets. Te...
IndiGo, SpiceJet & other travel stocks plunge up to 7%. Two big reasons whyTravel stocks, including IndiGo, SpiceJet, ixigo, Toman Cook and Yatra Online, fell sharply after Prime Minister Narendra Modi urged citize...
Air India makes $300 million payment to plane lessors via GIFT City armAir India Group, through its leasing arm AI Fleet Services IFSC (AIFS) at IFSC Gift City in Gujarat, has channeled approximately $300 milli...
Second plane lessor appeals for deregistering SpiceJet's aircraftAlterna filed the appeal by invoking the Irrevocable Deregistration and Export Request Authorization (IDERA) and filing a request with the ...
Air India gets reprieve in UK court over aircraft lease paymentsThe hearing, held remotely at the Commercial Court division here on Friday, involved unpaid dues of over USD 17.6 million to China Aircraft...
IndiGo seeks deferring aircraft lease rental payments by six months, says sourceAirlines are grappling with acute financial woes as commercial services remain suspended in the wake of the nationwide lockdown to curb spr...
Jet Airways grounds 2 more planes, total 23 out of operationsWith the grounding of two more planes, almost 20 per cent of aircraft in the airlines fleet are now out of operations.
Jet Airways defaults on aircraft lease payments to MC Aviation“Jet took the planes on lease in 2013,” the executive said, requesting anonymity.
SpiceJet makes part payment of dues to AAISpiceJet has paid a part payment of Rs 25 crore to the Airports Authority of India towards the dues it had accumulated due to the cash crun...
Lessors to get first right on planes when airlines defaultThe absence of a policy on repossession of aircraft became a major irritant after Kingfisher Airlines defaulted on lease payments.
- Kingfisher Airlines owner Vijay Mallya calls on SBI for Rs 400 crore loan
Kingfisher's owner Vijay Mallya has met SBI chairman Pratip Chaudhuri to ask for a short-term loan of Rs 400 crore to meet day-to-day expen...
- Interest, depreciation, rentals make up 80 pc of AI losses
Around 80 per cent of the Rs-5,548 crore losses posted by the National Aviation Company of India last financial year are on account of inte...
- Kingfisher may have to return leased aircraft
Kingfisher will now have to return the fourth A 320 aircraft to GECAS.
- Kingfisher defaults on aircraft lease payment
Kingfisher denies any default and has obtained a stay order from the Karnataka HC to prevent the repossession. World's Best Airport I Top a...
- Payment default to BAE may land MDLR Airlines in trouble
BAE serves default notice over non-payment of lease amount.