IndiGo (India) has announced plans to terminate its damp lease of two B777-300ER aircraft operated in collaboration with Turkish Airlines. The decision was confirmed after India’s Directorate General of Civil Aviation (DGCA) granted a three-month extension, setting the final lease end date as 31 August 2025.
SpiceJet, one of India’s leading low-cost carriers, has scored a major legal victory after a division bench of the Delhi High Court dismissed an appeal filed by KAL Airways and former SpiceJet promoter Kalanithi Maran. The appeal sought over $152.7 million in damages along with other claims stemming from past financial and ownership disputes.
IndiGo, India’s largest airline by market share and fleet size, has added another Airbus A321neo to its expanding fleet. The newly delivered aircraft bears manufacturer serial number (MSN) 12543 and is powered by LEAP-1A32 engines, continuing the airline’s trend of operating high-efficiency, narrowbody jets for its growing domestic and regional network.
IndiGo, India’s largest airline by market share, announced impressive financial results for the fiscal year ended 31 March 2025, posting a net profit of $848.8 million. This performance was supported by a 17.3% year-over-year increase in operating revenue, which reached $9.4 billion. The airline ended the fiscal year with a total cash balance of $5.6 billion, signaling strong liquidity.
Lufthansa Technik Services India has announced the appointment of Marcel Pastuska as its new Chief Executive Officer (CEO). The leadership transition marks a strategic step in the company’s continued growth within the Indian aviation maintenance market.
MUFG, a leading Japanese financial group, has completed a $106 million finance lease transaction with IndiGo, India’s largest airline by market share. The agreement spans 12 years and is secured by two brand-new Airbus A321neoaircraft. This long-term lease reflects continued confidence in IndiGo’s growth trajectory and underscores the strategic role of finance leasing in supporting fleet modernization.
Air India, through its wholly owned subsidiary AI Fleet Services, has completed the acquisition of six Boeing 777-300ER aircraft that were previously operated under lease agreements. The aircraft, with serial numbers 39686, 39687, 39688, 39689, 39690, and 41701, were purchased in advance of their scheduled lease expirations in 2026, signaling a strategic move to consolidate fleet ownership.
Air India has commenced a wide-ranging $400 million fleet interior refurbishment program, aiming to enhance passenger comfort and modernize its in-service aircraft. The project covers a total of 67 aircraft, with the work scheduled over a two-year period as the airline undergoes a brand transformation under Tata Group ownership.
Akasa Air, the Indian low-cost carrier, has taken delivery of a Boeing 737-8200, registered as VT-YBE, powered by LEAP-1B engines. This aircraft marks a significant addition to the airline’s expanding fleet as it scales up operations across India and key regional markets.
IndiGo, India’s largest airline by market share, has appointed Mike Whitaker, the former Administrator of the Federal Aviation Administration (FAA), as an independent director to its board. The appointment brings a seasoned aviation leader with global regulatory experience into the airline’s governance framework.
