Bold measures have been proposed in the budget, such as privatisation of two public sector banks and a general insurance company in this fiscal, higher FDI in the insurance sector, exhibiting India's confidence to be globally competitive

The airlines in India typically take aircraft from lessors (on lease) who are based overseas. IndiGo, for instance, has over 200 planes on lease, and so is the case with other airlines like SpiceJet, GoAir, Vistara and Air India

For a government struggling to find revenue to boost a COVID-19 battered economy, options of appeal against the arbitration award are limited and it may not have the financial bandwidth for such a payout

The airline is now the world's seventh biggest by capacity and the largest outside the United States and China, according to data firm OAG

The extension until 11 January 2021, however, is conditional on Air India paying in the already committed amount of $5 million for the month of December

AirAsia reported biggest quarterly loss in its history in August, primarily due to the devastating impact the pandemic has had on travel demand, with revenue down 96%

SpiceJet is trading higher than 5, 20, 50, 100 and 200-day moving averages. Market capitalization of the airline stands at Rs 4,463.04 crore

Analysts believe that airlines are currently operating at 50-55 per cent capacity on the domestic segment, and they are hoping that by the end of 2020, the domestic capacity should reach 75-80 per cent

Jet Airways will need $1 billion initial working capital, followed by $3 billion over the course of 5-7 years before the airline can break even; it needs to be seen whether the bidders can bankroll these expenses

The Malaysian airline, the long-haul arm of AirAsia Group Bhd , said this month it wanted to restructure 63.5 billion ringgit ($15.32 billion) of debt and slash its share capital by 90% to continue as a going concern

Malaysia Airlines group chief executive officer Izham Ismail said the group would have \"no choice but to shut it down\" if lessors decide against backing the restructuring plan

Prior to the nationwide lockdown, which resulted in the suspension of scheduled domestic as well as international flights, Vistara was operating over 200 flights to 34 destinations daily

In May, the government allowed airlines to resume domestic operations with a third of their capacity which was later increased to 60%

The court issued the notice to Air India seeking its response to the applications as the airline's counsel said it was opposing the proposed modification of the petitions

In another update, InterGlobe Aviation's board approved to raise Rs 4,000 crore through sale of equity shares to institutional investors by way of a qualified institutions placement

Based on a tighter accounting standard, Boeing said order cancellations and conversions now stand at 864 for the MAX, recertification for which is still hanging in the balance

Corporate Affairs Ministry has amended the rules whereby entities would get relief from lease modification accounting due to COVID-19 related rent concessions

AirAsia has received deferrals from lessors and is working on further extensions

Instead of a sudden contraction in demand, airlines have been caught in a range-bound demand cycle which could be lethal for their survival

Regular operations of the domestic airlines remained shut between March 25 and May 24 on account of a nationwide lockdown to curb the spread of the coronavirus pandemic