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AIRCRAFT RENTAL
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...
- IndiGo to pass on ATF price hikes, to see if fuel hedging could be an optionIn Q4, IndiGo's earnings were impacted by higher fuel expenses, softer yields and disruptions linked to geopolitical tensions in the Middle...
- Sunbird Dispute: HC asks SpiceJet to disclose its assetsSpiceJet must reveal its assets to Sunbird France. The lessor seeks payment for unpaid lease rentals and engine maintenance. A UK court ord...
- Sunbird takes SpiceJet to HC over $8 million unpaid lease duesSunbird France has approached the Delhi High Court to enforce a UK court order. The order directs SpiceJet to pay approximately $8 million ...
- IndiGo in the red, warns of more air pockets in Q3IndiGo, India's largest airline, has reported a net loss of ₹987 crore for the fiscal second quarter. This loss comes after seven profitabl...
- Jet lenders threaten insolvency over aircraft rental proceedsThe Jalan-Kalrock consortium has sought time until next week for a decision, the same person said. The resolution plan approved by the Nati...
- 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...
- Budget 2021: Local aircraft leasing takes off with concessions to aircraft leasing companies“The proposal sits well with India’s desire to develop a local aircraft leasing and financing industry to accelerate the maturity and ‘Atma...
- 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 grounded six more planes due to non-paymentJet Airways also continues to provide required and periodic updates to the Directorate General of Civil Aviation in this regard, the airlin...
- New accounting standards likely to create turbulence for airlinesIndia adopted IFRS on April 1, 2016. PwC estimates that the new accounting standard would impact at least 20 industries, ranging from retai...
- 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...
- Agreement with BBAM to settle rental dispute out of court: SpiceJetSpiceJet was dragged to court by several aircraft leasing firms including BBAM after it had failed to pay rentals for some of its Boeing 73...
- DVB Aviation sues Kingfisher Airlines for default on aircraft rentalsVijay Mallya owned Kingfisher Airlines has landed in fresh trouble with Singapore based DVB Aviation Finance Asia Ltd , a subsidiary of Ger...
- Interest, depreciation, rentals make up 80 pc of AI lossesAround 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...
- Lease costs rise as airlines line up to withhold tax sopAirlines are scrambling to sign up lease deals for aircraft to get the withholding tax exemption on lease rental income.
- Airlines to take off on sale & lease back optionWith most airlines drawing up expansion plans, financing of aircraft purchase has become an important issue.
- Airlines take the lease-back route to fund expansionsWith most airlines lining up expansion plans, financing of aircraft has become an important issue.
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