SpiceJet, one of India’s low-cost carriers (LCC), has received positive news from Acuite Ratings & Research, an Indian credit rating agency. Acuite has upgraded SpiceJet’s credit outlook to “stable,” a notable improvement given the challenges faced by many airlines in recent years. The credit agency has assigned SpiceJet a long-term rating of B+ and a…
IndiGo, India’s largest low-cost airline, has announced a new international route connecting Pune to Dubai, with the inaugural flight scheduled for 22 November 2024. This direct service will be operated by the Airbus A320neo, known for its fuel efficiency and passenger comfort. The Pune–Dubai route marks an important expansion in IndiGo’s network, providing travelers with…
Star Air, a regional airline based in India, has set an ambitious goal to expand its fleet to 25 aircraft over the next 36 months. This strategic plan includes the addition of Embraer E175 aircraft, with two new E175s expected by March 2025. The airline’s fleet growth will continue with four more E175s scheduled for…
IndiGo, India’s largest airline, has added another Airbus A320 to its growing fleet. This newly delivered aircraft, identified by serial number 4758, is leased and powered by CFM56-5B4/3 engines. The addition aligns with IndiGo’s strategy to enhance its fleet capacity, ensuring it can meet rising demand for both domestic and regional travel across its expansive…
IndiGo, India’s largest airline, has received approval from the Indian government to renew the wet lease of 11 Airbus A320 aircraft from Latvia-based SmartLynx Airlines. This renewal aims to support IndiGo’s operational needs as the carrier addresses an Aircraft on Ground (AOG) issue caused by recurring engine snags affecting its fleet. The wet lease agreement…
SpiceJet, the prominent low-cost airline based in India, has been ordered to pay $3.7 million, along with applicable interest, to Aerocare Aviation Services following an eight-year legal dispute. The ruling brings closure to a prolonged financial disagreement between the two parties and underscores the importance of clear contractual and service agreements within the aviation sector.
Ireland-based aircraft leasing firms, widely favored by Indian airlines for fleet expansion, are now under scrutiny from India’s tax authorities. The investigation stems from concerns that these lessors might be exploiting favorable tax treaties, specifically by structuring their businesses in Ireland to minimize tax liabilities in India. Leasing companies registered in Ireland benefit from the…
Malaysia Airlines and IndiGo, India’s largest low-cost carrier, have entered into a strategic codeshare agreement aimed at enhancing travel connectivity between Malaysia and India.
