Indian aviation sector News

IndiGo Success Story: This is a unique success story about two friends - Rakesh Gangwal and Rahul Bhatia - who despite their divergent professional backgrounds united their vision and expertise to create what would become India's most triumphant airline - IndiGo.

IATA said the pandemic is expected to potentially impact 29,32,900 jobs in the country's aviation and its dependent industries. The passenger traffic has declined by 47 per cent.

The domestic aviation has been growing at 20 per cent every year, for the last four years.

The company believes factors such as rise in GDP output along with increase in infrastructure spend and growth of low-cost carriers will lead to the fulfilment of the demand forecast.

Budget carrier SpiceJet on Saturday reported 43 percent fall in net profit at Rs 41.6 crore for the fourth quarter ended March 31, 2017 due to higher fuel cost and lower yield on account of demonetisation.

The weak financial position of domestic carriers is the reason behind their inability to expand international operations, parliament was told on Tuesday.

After placing the largest single order for 250 aircraft with European major Airbus, IndiGo today said that the purchase contract reflects stabilising trend in the Indian aviation sector.

HNA Group is one of the biggest aviation conglomerates of China owning 16 airline companies with 528 aircrafts operating across the world.

The Indian civil aviation sector is showing signs of revival in growth after a period of turbulence with emergence of new players such as AirAsia and Tata-SIA Airline, although domestic passenger traffic handled at Indian airports grew only by 5.2 percent in 2013-14.