Tata-owned Air India incurred losses amounting to around Rs 7,000 crore in FY23 due to impairments related to faulty aircraft and engines, as well as the low-cost airline AirAsia India. However, executives noted that the losses have decreased, and the carrier achieved positive EBITDAR (earnings before interest, taxes, depreciation, amortisation, and restructuring or rent costs) […]
Air India, a Tata Group-owned global airline, on Tuesday signed purchase agreements to acquire 470 aircraft from Airbus and Boeing, going one step further in its USD 70 billion (based on list prices) fleet expansion program that it announced in February this year. The purchase agreements were signed on the sidelines of the ongoing Paris […]
Indian airline IndiGo’s board has approved an order for 500 Airbus A320 family aircraft, making it the biggest order in its history, an official said on Monday. The purchase agreement was signed on J19 June at the Paris Air Show 2023 in the presence of Chairman of the Board of IndiGo V Sumantran, CEO of […]
