Air India CEO Campbell Wilson anticipates that the global shortage of aircraft, which is currently hampering airline growth worldwide, will continue for at least the next four to five years.
SpiceJet founder and chairman Ajay Singh will inject US$33.8 million into the airline through the conversion of warrants into equity shares. This move will significantly raise his stake, pushing his overall shareholding to more than 33%.
Akasa Air is securing additional funding from a group of high-profile investors, including the investment offices of Azim Premji and Ranjan Pai, along with wealth management firm 360 ONE and the Jhunjhunwala family. The financial terms of these investments have not been publicly disclosed.
Air India and Kenya Airways have officially signed a codeshare partnership, strengthening their existing interline agreement and expanding connectivity between India and Africa. The new arrangement will allow passengers to book flights seamlessly across both airlines, increasing travel options between the two regions.
Star Air, a regional airline in India, has announced its plans to venture into the aircraft Maintenance, Repair, and Overhaul (MRO) sector. The airline aims to achieve this through a joint venture, focusing on servicing regional and business jet fleets.
SpiceJet, a prominent Indian airline, has announced plans to reintroduce one of its grounded Boeing 737 MAX aircraft back into operations starting 29 January 2025. This move marks the beginning of a phased plan to return 10 aircraft to service by mid-April 2025, enhancing the carrier’s operational capacity.
Air Kerala, a new airline based in India, has unveiled its ambitious plans to expand into international operations by 2026, starting with a fleet of five narrowbody aircraft. The initial focus will be on Gulf routes, a key market for Indian expatriates and business travelers.
IndiGo, India’s largest airline, has reported an 18.6% decline in profit for the third quarter of 2024, with net earnings falling to $283 million. The profit decrease was largely attributed to ballooning foreign exchange losses, which significantly impacted the airline’s financial performance during the quarter ending December 31, 2024.
Go First Airways, an Indian low-cost carrier, has been ordered into liquidation by the National Company Law Tribunal (NCLT) after its lenders filed a request for insolvency resolution. The decision marks a critical turning point for the airline, which had been facing financial challenges for some time.
IndiGo, India’s largest airline, has announced the launch of a new nonstop flight connecting Hyderabad and Madinah. The service is scheduled to commence on February 20, 2025, and will be operated using an Airbus A320neo aircraft.
