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FINANCIAL LOSSES SPIRIT AIRLINES
Akasa Air plans to operate flights under UDAN scheme, says CEO Vinay DubeAkasa Air is set to join the UDAN regional connectivity scheme, with CEO Vinay Dube confirming a steady influx of Boeing 737 MAX aircraft. ...- Radico Khaitan eyes 20 pc volume growth in premium portfolio in FY27Radico Khaitan anticipates a robust 20% growth in its premium spirits segment this fiscal year, alongside a 120 basis point margin expansio...
- Govt scraps TDS on GIFT City aircraft lease rentalsAirlines are now exempt from deducting tax at source on lease rentals paid to eligible aircraft leasing companies in GIFT City. This move a...
- UDAN flights discontinued on 50% of routes launched so farIndia's ambitious plan to boost regional air travel is struggling, with nearly half of UDAN routes now inactive. Despite significant govern...
- Regional carriers demand slots, aircraft and simpler rules as India relaunches faltering connectivity schemeOf the 669 routes made operational since the Ude Desh ka Aam Nagrik (UDAN) scheme started in 2017, commercial flights are currently operati...
- 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...
- Punjab revokes livestock transit levy, ending Kashmir mutton supply crisisKashmir's severe mutton shortage has ended after the Punjab government lifted an illegal levy on livestock transport vehicles. Following in...
- Gulf carriers eye Boeing, Airbus jets as Air India weighs delaysGulf airlines like Etihad and Saudia are reportedly eyeing earlier aircraft delivery slots, potentially from Air India's deferred orders. T...
- Air India, SIA Engineering to set up maintenance, repair and overhaul joint venture in IndiaAir India and Singapore Airlines' engineering arm are exploring a joint venture to establish a world-class Maintenance, Repair, and Overhau...
- Airport operators tell Centre airline fee relief no longer warrantedPrivate airports are urging the civil aviation ministry to end the three-month discount on domestic flight landing and parking charges, set...
- Chinese proverb of the day: 'Whenever one family comes to grief, a hundred families send...' - this Chinese saying teaches about helping others in difficult times and motivational life lessons on kindness, unity, community support and compassionChinese proverb of the day: A Chinese saying underscores the profound strength found in collective support during hardship. This wisdom, pa...
- Quote of the Day by Elizabeth Taylor: “I'm a survivor – a living example of… – Inspiring lessons on resilience, courage, hope, overcoming challenges, and why every setback is a comeback by the legendary British-American actress known for her iconic performances, humanitarian work, and deep insights into life's greatest challenges and turning adversity into strengthQuote of the Day by Elizabeth Taylor: Elizabeth Taylor’s quote, “I'm a survivor - a living example of what people can go through and surviv...
- Airlines shun Rs 10,000-crore ATF subsidy as fuel prices fallA Rs 10,000-crore jet fuel price stabilisation programme has failed to attract any airline sign-ups. The scheme, designed to shield carrier...
- Punjab levy row leaves Kashmir's wedding season facing a mutton crunchKashmir's wedding season is marred by a severe mutton shortage, with traders blaming an "illegal" levy imposed by Punjab on livestock. This...
- 'Rich Dad Poor Dad' Robert Kiyosaki says Indian guru helped him realise making money isn’t life's missionRobert Kiyosaki urged people to pursue their life's purpose instead of chasing money, saying financial success follows meaningful work. Cit...
- Asian airlines' Europe windfall fades as Gulf rivals reboundAsian airlines that benefited from higher fares and passenger numbers on European routes due to the Iran conflict are now facing declining ...
- SAS to buy up to 40 Airbus A330 aircraft for over $10 billionScandinavian airline SAS said Tuesday that it would buy up to 40 new Airbus jets in its biggest aircraft order ever, totalling over $10 bil...
- Air India upgrades Delhi-Melbourne flights with First Class, Wi-Fi from July 1Air India is enhancing its Delhi-Melbourne route from July 1 by introducing a refurbished Boeing 777-300ER, featuring a new First Class cab...
- Gujarat consumer panel clears Air India over fog-hit flight diversion, citing safety mandateA consumer commission has ruled that Air India is not liable for a flight diversion due to dense fog in Delhi, which caused passengers to m...
- 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...
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