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IndiGo reported a 91% revenue fall to Rs 766 crore in the first quarter and a loss of Rs 2,844 crore in this quarter.

Westbridge Capital buys 5.43 million shares of IndiGo for 559 crore

13 Aug 2020 11:35 AM IST

August 13, 2020: Jwalamukhi Investment Holdings, an arm of private equity firm Westbridge Capital bought 1.41 percent stake or 5.43 million shares of...

This comprises of 1,091 scheduled and 759 non-scheduled freighter movements.

Delhi Airport recorded highest ever freighter movement of 1,850 in June

16 July 2020 11:43 AM IST

July 16, 2020: Delhi International Airport has handled 1,850 cargo freighter aircraft in the month of June 2020, which is the highest in the country...

Due to the decline in passenger traffic in FY 2021, the industry is expected to report revenue degrowth of 44 percent during FY2021. Industry-level debt is expected to be Rs 465 billion.

Indian aviation industry will require Rs 350 billion over FY 2021-23: ICRA

17 May 2020 2:44 PM IST

May 17, 2020: The credit rating agency ICRA in its latest analysis noted that the domestic aviation industry of India will require additional funding...

TIACA, the sole organization dedicated exclusively to representing air freight, defended its members%u2019 interests before the Council.

Working together is the key for recovery from COVID-19 crisis: aviation industry

12 April 2020 12:31 PM IST

April 12, 2020: The International Civil Aviation Association held its informal council meeting with other organisations including International Air...

IATA called out regulators worldwide to help the industry plan for today%u2019s emergency, and the future recovery of the network, by suspending the slot use rules on a temporary basis.

Coronavirus: IATA calls out for global suspension of slot rules

3 March 2020 12:31 PM IST

March 3, 2020: The International Air Transport Association (IATA) requested aviation regulators worldwide to immediately suspend the rules governing...

The medium-term impact on the Indian aviation industry would also depend on the economic shock to the global economy.

Coronavirus: Read why turmoil in Indian aviation will intensify according to ICRA

2 March 2020 4:15 PM IST

March 2, 2020: The credit rating agency, ICRA has maintained its negative outlook on the Indian aviation industry and predicted a maximum impact of...