New Delhi, April 13 (IANS) Air India is planning to introduce a new performance-linked stock options reward system for its employees in order to boost productivity as the Tata Group looks at ways to turn around the loss-making airline. Eligible employees, including pilots, engineers, and senior management, will be able to buy shares after being granted stock options at prices between the Rs 4 face value and the market value at the time of grant, according to a report in Livemint on Monday.The pl…
Latest Akasa Air News & Updates
New Delhi, April 9 (IANS) A UK court has ordered SpiceJet to pay around $8 million to an aircraft engine lessor in a fresh blow to the cash-strapped carrier.In a ruling, London’s Commercial Court granted summary judgment in favour of Sunbird France 02 SAS over unpaid rent and maintenance accruals linked to three aircraft engines.The court held that SpiceJet had no realistic prospect of defending the claim.The dispute relates to unpaid engine lease rentals dating back to January 2022 and mainte…
New Delhi, April 6 (IANS) NCP (SP) MP Supriya Sule on Monday urged the government and the Indian Embassy in Saudi Arabia to provide urgent repatriation support to 41 Indians from Maharashtra’s Bhokardan, stranded in Riyadh after their flight to Mumbai was cancelled. Sule, NCP Working President and Lok Sabha MP from Baramati, stated that 41 Indians from Bhokardan were stranded in Riyadh after Akasa Air abruptly cancelled their flight to Mumbai. She also listed all passenger names.”41 Indian citiz…
New Delhi, April 3 (IANS) The government has suspended its earlier direction to airlines to offer at least 60 per cent of seats on any flight free of additional charge, which was set to come into effect from April 20.The Civil Aviation Ministry, in a communication to the Directorate General of Civil Aviation (DGCA), said the matter had been reviewed following representations from the Federation of Indian Airlines and Akasa Air, which flagged operational and commercial implications of the provisi…
New Delhi, March 12 (IANS) India currently has more than 11,000 pilots working with major domestic airlines, with nearly 1,900 of them being women, the Parliament was informed on Thursday.In a written reply to a question in Lok Sabha, Minister of State for Civil Aviation Murlidhar Mohol said that Indian airlines together employ 11,394 pilots, including 1,871 female pilots.Among the airlines, IndiGo has the highest number of pilots in the country. The airline employs a total of 5,200 pilots, incl…
Mumbai, March 4 (IANS) Indian carriers have taken initiatives to operate 58 flights on Wednesday to repatriate passengers stranded in the Middle East, even as most regional airspace remained closed or restricted amid escalating conflict involving the United States, Israel and Iran.”Indian carriers are further planning 58 flights on 4th March, including 30 by IndiGo and 23 by Air India and Air India Express. Foreign carriers operating between India and the Gulf region are also undertaking limited…
Guwahati, Feb 22 (IANS) The new terminal at Guwahati’s Lokapriya Gopinath Bardoloi International Airport (LGBIA) began commercial operations on Sunday evening, raising annual passenger capacity to 13.1 million and reinforcing the Assam city’s position as the principal aviation gateway to India’s strategic North-Eastern region to South and Southeast Asia.The transition followed a phased, operations-led activation, with live trials conducted across check-in, baggage handling, security and aircra…
New Delhi, Feb 4 (IANS) The Competition Commission of India (CCI) on Wednesday ordered a detailed investigation against IndiGo over allegations of unfair business practices, more than two months after the airline cancelled thousands of flights due to major operational problems.IndiGo currently dominates India’s domestic aviation market with over 65 per cent share. In December, the Air India Group increased its market share to 29.6 per cent, while Akasa Air’s share rose to 5.2 per cent.Both a…
New Delhi, Jan 25 (IANS) With its unmatched scale, global participation and strategic focus, Asia’s largest civil aviation event, ’Wings India 2026’, is set to be a defining moment for the global aviation community, the government said on Sunday.The event, scheduled from January 28–31 at Begumpet Airport, Hyderabad, will be formally launched by Civil Aviation Minister Rammohan Naidu, in the presence of senior dignitaries from India and abroad.With over 150 exhibitors, 7,500 business visi…
New Delhi, Dec 29 (IANS) The Delhi High Court has granted interim protection to SNV Aviation Private Limited, the operator of Akasa Air, restraining multiple entities from impersonating the airline and running alleged recruitment scams using its trademarks and brand identity. A single-judge Bench of Justice Manmeet Pritam Singh Arora passed an order in a commercial suit filed by SNV Aviation, holding that a prima facie case of misrepresentation, deception, and passing off had been established ag…