Amid signs of truce between its warring promoters, InterGlobe Aviation, which runs private airline IndiGo, on Tuesday told shareholders in the annual general meeting (AGM) that all the related party transactions (RPTs) are at an arm's length.
The Enforcement Directorate, which carried out searches at the residence of Jet Airways founder Naresh Goyal, has got details of 19 companies held by him of which are five are located abroad and how money was siphoned off to other countries through dubious transactions.
Grounding of aircraft has cost Air India dearly but frequent breakdowns of its flights in foreign cities such as Paris, Chicago and Tel Aviv has taken a heavy toll on the airline's precarious finances in recent months.
Country's second largest airline by market share SpiceJet on Friday posted its biggest ever quarterly profit, as it flew more passengers and raised fares in the wake of the collapse of Jet Airways.
Amid rising tension between India and Pakistan over the revocation of Article 370 of the Constitution ending special status to Jammu and Kashmir, Islamabad has closed down three out of nine air routes for Indian carriers.
Indian airline Vistara expects to end 2019 with 41 aircraft, up from 30 at present, as it pursues an international expansion plan, Chief Executive Leslie Thng said on Wednesday.
A co-founder of India’s biggest airline IndiGo, Rakesh Gangwal, said reports that a truce had been brokered between him and another co-founder Rahul Bhatia over disagreements on corporate governance were “false and misleading.”
Air India inked a codeshare pact with Fiji's flag carrier Fiji Airways which will provide convenient connections between three domestic cities and the South Pacific nation.
Aviation regulators in Australia and the European Union have lifted orders grounding operations of GippsAero GA8 planes after initial results of a probe into a crash in Sweden that killed nine people earlier this month, the regulators’ websites said.