The Pakyong Airport, the tiny hilly state's first and the country's 100th functional airport, will be inaugurated by Prime Minister Narendra Modi, a government official said on Wednesday.

The aviation sector is facing headwinds as some airlines grapple to cut costs and others struggle to stay afloat.

Airlines have chalked out ambitious plans to grow international business. Their journey is likely to be lengthy and tiring.

The ambitious UDAN Scheme has got off to a slow start as airlines navigate the challenging operating conditions after the initial enthusiasm.

The airline said that the first four freighters are scheduled to be inducted by March 2019.

Airlines around the world do not have to pay taxes on oil and therefore are emerging stronger

Several international airlines have already hiked fares on account of spiralling jet fuel costs.

Air India's turnaround was so futile that even after pumping in Rs 28,000 crore into the airline, it could barely generate operating profits (not even net profits) of Rs 403.03 crore in two financial years  (2015-16 and  2016-17).

Spicejet operates the first biojet fuel flight for the country; Kerala CM appeals to Malayalees at home and abroad to pitch in with a month's salary; Jet Airways plunges into loss of Rs 1,323 crore in Q1; Airtel inks partnership with Netflix. Watch more in this episode of Business Wrap.

Spicejet operates the first biojet fuel flight for the countrySpicejet's flight yesterday between Dehradun and Delhi was special. The flight was powered by a blend of 75% air turbine fuel and 25% biojet fuel. This was a first for the country which is looking for ways to cut down fuel costs.A blend of 25% of bio jet fuel and 75% of aviation turbine fuel (ATF) was carried in one of the two engines of the plane, while the other engine carried only ATF. International standards permit ...

Budget carrier SpiceJet today successfully operated India's first test flight powered by biojet fuel.

There are four culprits, in no particular order: high Aviation Turbine Fuel price, rupee depreciation, rising maintenance costs, and elevated competition.

Multiple portals and airlines have waived off cancellation charges. 

Since there is no historical data on the market and demand from any airlines, the project will be done as a pilot project. The development would pave the way for operation of amphibian planes to enhance air connectivity.

'No' says Jet Airways emphatically. But with mounting losses, negative net worth of Rs 7,100 crore and liabilities well in excess of assets, it may be very, very close.

The airline on Thursday informed stock exchanges that the audit committee has refused to approve company's June quarter results.

Civil aviation secretary RN Choubey said they are working on a turnaround plan to make Air India competitive and are holding consultations with the finance ministry.

Last year, IndiGo faced massive technical glitches in its Pratt & Whitney engines. In the 2017 June quarter, IndiGo had grounded nine A320 neo planes due to engine issues. The grounding had also resulted in IndiGo cancelling 84 flights on that particular day.

The case dates back to January 2015, when Ajay Singh, who owned the airline earlier bought it back from Maran for a token sum of Rs 2 along with the Rs 1,500 crore debt burden, after the airline was grounded as it could not even pay its fuel bills.

The market recovered in trade today as oil, metal and PSU stocks rallied after a sharp drop in global crude oil prices. While the Sensex closed 196 points higher at 36,519,  the Nifty rose 71 points to 11,008 level Sentiment received a boost after global crude oil prices fell over 4 per cent owing to oversupply fears, helping the rupee to strengthen against the dollar, brokers said.Besides, reports that the finance ministry is likely to infuse about Rs 10,000 crore within a few days in s...