The airlines industry has been grappling with strong headwinds due to the coronavirus pandemic, with many of the carriers laying off people as part of cost-cutting measures

Funding and financial discussions would take place once the due diligence process is over. Tata Group is currently focussing on the viability of the deal

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

Mallya, who is an accused in a bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, is presently in the United Kingdom.

IndiGo has daily cash burn of Rs 30 crore on the fixed costs side with variable costs on top of it. Low capacities are unable to cover the airline's higher costs. If persists, the airline might have to take some harsh decisions

Experts say this is just a beginning of a painful road ahead for the sector as the demand for air travel continues to remain muted due to a variety of reasons. Since the opening up of the domestic aviation sector in late May, the capacities of airlines remain quite low - 30-35 per cent

Contrary to popular belief, private sector efficiency vis-a-vis public sector is a neoliberal construct for which there is little evidence or lived experience but is pushed, nevertheless, for private gains

In July so far, average daily passenger growth has grown marginally by 2.1 per cent to 67,553 versus 66,133 in June while load factor (based on seats/departure factor of June-20) has moderated to 58.5 per cent

Rahul Gandhi's attack on the government comes after AIBEA (All India Bank Employees' Association) released a list of 2,426 companies that have been categorised as 'wilful defaulters'

Economic fugitives Mehul Choksi's Gitanjali Gems and Jatin Mehta's Winsome Diamonds are among the top 10 defaulters which also includes ABG Shipyards, Rei Agro and Ruchi Soya

The minister's remarks came after TMC MP Derek O'Brien slammed Air India, saying its leave-without-pay scheme violates labour laws and is an \"obvious ploy\" to protect the top management and sacrifice other workers

Coronavirus impact: he airline issued a letter to the trainee cabin crew members and said that it would not be possible for Air India to impart any further training  amid the \"current aviation scenario\"

\"In the domestic market we see a lot of growth in tier 2 cities. We are very encouraged by underlying demand but travel restrictions are really hurting (us),\" Dutta said.

The high capital expenditure in rolling stocks and operational costs of running trains would make road to profitability an arduous journey for companies interested in Indian Railways' privatisation push

This statement came after Vistara released a survey on Monday that stated 24 per cent passengers were worried that fellow flyers would not adhere to coronavirus-related health protocols while flying

IndiGo wrote a mail to its pilots informing them of 5.5 days of leave without pay. With this, IndiGo extended the leave without pay (LWP) policy to 10 days, effective from July 1

Stocks to watch today on June 29: HDFC Bank, Piramal Enterprises, Axis Bank, IDBI Bank, Bajaj Auto, Vadilal, Adani Transmission among others are the top stocks to watch out for in Monday's trading session

Unlock 2.0 in India: International flights may resume in JulyWith Unlock 1.0 set to conclude on June 30, the government is expected to announce fresh guidelines for various sectors, including the aviation industry. After starting domestic flights over a month back with some riders, the government may soon approve air travel on selected international routes from July, IndiaToday.In reported. Prominent routes where air travel may be reinstated include Delhi-New York and Mumbai- Ne...

In this third part, focus is on the impact of neoliberalism: slowdown in growth, rise in inequality, frequent economic crises, and much more. It also looks at some of the corrective measures

Airlines have taken to the skies after two months. But their pain is far from over