Beleaguered Jet Airways’ Chairman Naresh Goyal has agreed to step down as the lenders gear up to acquire majority stake in the airline under a bailout plan, a source said on Thursday. When contacted, Jet Airways Vice-President for Corporate Affairs and Public Relations Ragini...

The closure of Pakistan air space resulted in 12 flights arriving at and departing from Delhi being cancelled on Thursday. The flights affected by the closure of Pakistan air space included the SpiceJet flight from and to Kabul and the Fin Air flight. Pakistan...

Thomas Cook India Group said on Monday it has acquired a 51 per cent stake in Digiphoto Entertainment Imaging (DEI), an imaging solutions and services provider, at an enterprise value of ₹289 crore. “The transaction is subject to regulatory approvals and customary closing conditions,”...

Gautam Adani’s infrastructure conglomerate Adani Group has entered the airports business by emerging the highest bidder for five of the six non-metro airports being privatised by the National Democratic Alliance (NDA) government. Adani Enterprises Ltd bid aggressively to claim the top slot for the...

Budget carrier IndiGo will be looking at starting services to China, Vietnam, Myanmar and Saudi Arabia, among other countries, as the airline embarks on expanding its international network, according to a communication. In a communication to employees on Monday, IndiGo’s CEO Ronojoy Dutta said...

IndiGo announced on Wednesday that it expects its operations to be completely normal by March 31, this year. The airline’s statement comes on a day when it accepted that it had cancelled 49 flights on Wednesday. In a statement, the airline said all the...

Ashwani Lohani returns to the post of Chairman and Managing Director of Air India about 19 months after he demitted office. The Appointments Committee of the Cabinet on Wednesday appointed Lohani, who recently retired as Chairman, Railway Board, as CMD of Air India for...

Cornelis Vrieswijk, the Chief Executive Officer of GoAir, has stepped down citing family commitments. Jeh Wadia, Managing Director of the airline will take over the role until a replacement is found. Vrieswijk expressed his desire to relocate to Amsterdam since his family did not...

How would your new platform help improve the first and last mile movement of containers to and from the ports? India trades 18 million twenty-foot equivalent units or TEUs annually. This means, a first mile delivery of six million TEUs at ports and three...

SpiceJet on Monday said it will start a daily non-stop flight between Hyderabad and Jeddah from March 25. This is the ninth foreign destination of the airline. SpiceJet will operate its new 189-seater Boeing 737 MAX aircraft on the route, the airline said in...