Aviation Sector

Gangwal sold a 5.8% share in the budget airline in March 2024, lowering his holding to approximately 5.8% at the conclusion of the quarter.

According to an announcement issued on Tuesday, ANA will affix its 'NH' designator code to Air India's route between Tokyo Narita and Delhi.

The lessors sought deregistration of three Boeing 737-800s due to outstanding payment issues. The DGCA deregistered the planes with the call letters VT-MXJ, MXF, and SZJ.

Rakesh Gangwal, his wife Shobha Gangwal, and their family trust, all members of the promoter group, owned approximately 34% of the airline in December 2022.

The company will formally withdraw the case on March 1, 2024.

Bidders for Go First airline are optimistic about receiving a $300 million arbitral award from engine-maker Pratt & Whitney (P&W).

In January, SpiceJet received the first tranche of funds, amounting to ₹744 Crore, through the allotment of securities on a preferential basis

Adani Airport Holdings (AAHL) manages seven airports in India.

SpiceJet's Board of Directors approved the distribution of 4.01 crore equity shares to two investors.

On October 1, the government increased the price of jet fuel, or ATF, by 5%, marking the fourth consecutive monthly increase since July.