Tue, Jul 09, 2024
ICRA has maintained a “stable outlook” on the Indian aviation industry amid the continued recovery in domestic and international air passenger traffic, with a relatively stable cost environment and expectations of the trend continuing in FY2025, the report states.
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Thu, May 16, 2024
Indian airport operators' revenue is anticipated to grow 15-17 per cent on an annual basis in the current fiscal ending March 2025.
Wed, May 15, 2024
Once the transaction is complete, FlyBig's fleet will be expanded by more than 20 aircraft, they added.
Thu, Dec 22, 2022
According to the Civil Aviation Ministry, the details of losses incurred by the industry are: FY 2019-20 Rs 4,770 crore; FY 2020-21 Rs 12,479 crore; and FY 2021-22 Rs 11,658 crore.
Thu, Dec 23, 2021
The Indian aviation industry was able to breathe a little easier in 2021 as domestic flight operations reached their pre-pandemic levels even though international services continued to remain curtailed due to Covid-related travel restrictions.
Fri, Jul 23, 2021
Aviation Minister Jyotiraditya Scindia chaired the first meeting of the advisory group on airlines to deliberate on issues facing the airline industry.
Thu, Sep 06, 2018
Minister of State for Civil Aviation Jayant Sinha said that airfares in India are about Rs 4 per kilometre, less than what it costs to travel in an autorickshaw. He said the government is working on a revival package for the industry, the contours of which should certainly involve offering a lower cost environment for all stakeholders.
Fri, Jul 20, 2018
Aviation in India: Astonishingly, with surge in crude oil prices and a weakening rupee, the losses would come despite around 15% expected average annual growth in passenger traffic over the medium-term, shows an Icra report.
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