New Delhi, May 19 (IANS) The Supreme Court on Tuesday allowed beleaguered low-cost airline SpiceJet and its Chairman Ajay Singh to approach the Delhi High Court for modification of a direction requiring a cash deposit of Rs. 144.51 crore in its long-running arbitration dispute with Kalanithi Maran and Kal Airways Private Limited. A bench of Justices P.S. Narasimha and Alok Aradhe disposed of the special leave petition (SLP) filed by SpiceJet and Ajay Singh, permitting them to approach the Delhi …
Latest Aviation Sector News & Updates
New Delhi, May 17 (IANS) Welcoming the Delhi government’s decision to reduce Value Added Tax (VAT) on Aviation Turbine Fuel (ATF) from 25 per cent to 7 per cent, Union Civil Aviation Minister Ram Mohan Naidu said the move would provide much-needed support to airlines amid global cost pressures and help ensure affordable connectivity for passengers.In a statement, the minister appreciated the “timely decision” taken by Delhi Chief Minister Rekha Gupta and the Delhi government, saying the re…
Bengaluru, May 16 (IANS) Kempegowda International Airport (BLR Airport) in Bengaluru has crossed the milestone of handling 400 million passengers since its opening, while recording strong growth in passenger traffic and cargo operations during the financial year 2025–26, according to Bangalore International Airport Limited (BIAL), as stated by the Chief Ministers’ Office (CMO) on Saturday. The achievements and performance highlights were reviewed during the 134th Board Meeting of BIAL, chaired…
Gandhinagar, May 8 (IANS) Union Minister of Civil Aviation Ram Mohan Naidu Kinjarapu said on Friday that India’s commercial airlines currently have outstanding deliveries of 1,640 aircraft, which translates into a $50 billion opportunity for the country’s leasing ecosystem over the coming decade. Addressing the India Aircraft Leasing and Financing Summit 2.0 at GIFT City here, the minister said India’s commercial aircraft fleet is expected to reach 1,100 aircraft by 2027 and expand to o…
Gandhinagar, May 8 (IANS) Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu said on Friday that seaplane operations will soon begin in Lakshadweep as part of India’s broader strategy to enhance regional air connectivity and diversify aviation infrastructure. Addressing the gathering at ‘India Aircraft Leasing and Financing Summit 2.0’ in GIFT City, the Union Minister added: “India’s aviation expansion is no longer limited to traditional aircraft operations but is extending to helicopters, …
Gandhinagar, May 8 (IANS) More than 370 aviation assets worth nearly $5.8 billion have been leased through the International Financial Services Centre (IFSC) at GIFT City, Gujarat Chief Minister Bhupendra Patel, said on Friday while addressing the India Aircraft Leasing and Financing Summit 2.0.Speaking at the summit in GIFT City, Patel said the aviation leasing sector in India was expanding rapidly and that the IFSC had emerged as a major platform for aircraft leasing and financing activity in …
New Delhi, May 7 (IANS) Operation Sindoor deepened Pakistan’s economic stress in 2026, with investor sentiment, tourism, the aviation sector and exports emerging as major casualties of the military initiative, a report has said.The report by Greek media house Greece City Times said the May 2025 military operation raised inflation, slowed growth, eroded confidence and worsened the country’s already fragile macroeconomic fundamentals.It intensified uncertainty for an economy already grappling …
New Delhi, May 6 (IANS) The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 will help preserve industrial continuity, jobs and strengthen liquidity access for businesses, particularly micro, small and medium enterprises (MSMEs), industry chambers said on Wednesday.Rajeev Juneja, President, PHDCCI, welcomed the scheme as a timely initiative to address pressures from the ongoing West Asia crisis.”ECLGS is designed to address temporary liquidity shortages faced by industries during periods of ec…
New Delhi, April 29 (IANS) The government has proposed widening the definition of automotive fuels to include higher blends of ethanol and biodiesel, as part of efforts to promote cleaner and more diversified energy use in the transport sector, according to a draft notification issued by the Ministry of Road Transport and Highways.The draft seeks amendments to the Central Motor Vehicles Rules, 1989, to enable the use of ethanol blends up to 100 per cent (E100) and 85 per cent (E85), along with b…
New Delhi, April 27 (IANS) The Centre is considering a Rs 5,000 crore credit support scheme for the aviation sector as part of a broader relief package aimed at cushioning industries impacted by ongoing geopolitical tensions, according to a report.NDTV Profit reported that the proposed scheme is likely to be rolled out under the Emergency Credit Line Guarantee Scheme (ECLGS) framework, with the government working on an expanded package of around Rs 2.5 lakh crore to support multiple affected sec…