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 …
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New Delhi, May 11 (IANS) Aviation and travel-related stocks came under sharp selling pressure on Monday after Prime Minister Narendra Modi urged citizens to avoid non-essential foreign travel and adopt fuel-saving measures amid rising global uncertainty linked to the ongoing crisis in West Asia.Shares of InterGlobe Aviation — the parent company of IndiGo — led the decline among aviation counters, falling 6.88 per cent during early trade to hit an intraday low of Rs 4,276.80 apiece on the BSE.M…
New Delhi/Pune, April 18 (IANS) The Indian Air Force (IAF) on Friday said that the runway at Pune airport has been temporarily rendered unavailable following an incident involving one of its aircraft, while confirming that the aircrew are safe and there has been no damage to civil property.In a post on social media platform X, the IAF said the incident had affected runway operations, leading to a temporary disruption in flight movements at the airport.”Pune runway is temporarily unavailable due …
New Delhi, April 17 (IANS) The Directorate General of Civil Aviation (DGCA) has initiated an investigation into a ground incident at the New Delhi International Airport, involving SpiceJet and an Akasa Air aircraft.A ground incident occurred at IGI Airport, New Delhi, on Thursday, involving a SpiceJet B737-700 aircraft (SG-124, Leh–Delhi) and an Akasa Air B737 MAX 8 aircraft (QP-1406, Delhi–Hyderabad) near bay No. 106 at Terminal 1. During taxiing, the right winglet of the SpiceJet aircraft …
New Delhi, April 16 (IANS) A SpiceJet aircraft collided with a stationary plane of Akasa Air at Delhi airport on Thursday afternoon, causing minor damage to both aircraft, though no injuries were reported.The incident took place around 2:15 pm when the SpiceJet aircraft, arriving from Leh, was taxiing towards its designated gate and made contact with the Akasa Air plane, which was preparing for departure to Hyderabad.According to initial reports, the right winglet of the SpiceJet aircraft sustai…
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…
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, 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 9 (IANS) Shares of Indian aviation companies on Monday witnessed heavy selling pressure as tensions in the Middle East escalated, pushing crude oil prices past the $110 per barrel mark after major producers reduced output while the Strait of Hormuz remained effectively closed due to the Iran conflict.Several airline and helicopter service provider stocks declined sharply, including InterGlobe Aviation (IndiGo).IndiGo shares ended at Rs 4,236, down around 4 per cent on the BSE. The …
New Delhi, March 9 (IANS) Indian carriers have planned 50 inbound flights from airports in the Iran war-affected West Asia region on Monday, subject to operational feasibility and prevailing conditions, according to the government.Air India, Air India Express, Indigo, Spicejet and Akasa are set to operate flights from Dubai, Abu Dhabi, Ras Al Khaimah, Fujairah, Muscat and Jeddah.The Ministry of Civil Aviation said it is closely monitoring the evolving situation in the West Asia affecting air tra…