GMR Group’s Delhi International Airport (DIAL) is discussing the possibility of raising $350 million through a debt issuance, in order to refinance existing dollar bonds. The company is in talks with bankers, including HSBC and JP Morgan, to gauge investor interest. The proceeds from the bond will be used to refinance a $450 million note due in October 2025. The GMR Group plans to use the funds to increase passenger capacity and complete the Phase III expansion of the airport before April 2024.
Akasa Air has announced Srinagar as its 20th destination, expanding its network in the Indian aviation market. The addition of Srinagar will enhance connectivity to and from the popular tourist destination. This move highlights Akasa Air’s commitment to providing convenient and reliable air travel options to passengers. Read more to learn about the significance of this expansion and its potential impact on the tourism industry.
Boeing 737 Max 9 jetliners are carrying passengers in the United States again for the first time since they were grounded after a panel blew out of the side of one of the planes. Alaska Airlines resumed a limited number of flights with its Max 9s on Friday.
Indian airline company, SpiceJet, has raised Rs 744 crore as part of its fundraising plan.
Boeing’s latest widebody aircraft, the 777-9, took off from Hyderabad’s Begumpet airport, marking a significant moment in aviation. The aircraft is scheduled to land in Guam and will continue its journey to Seattle. The 777-9 is the main attraction at the Wings India 2024 exhibition, capturing the attention of business professionals and the general public.
-
Uncategorized
Aviation authorities have imposed fines on IndiGo and Mumbai International Airport for two separate incidents. IndiGo was fined Rs 1.2 crore for serving refreshments on the apron and Mumbai Airport was fined Rs 90 lakh for allowing passengers to eat on the tarmac. Additionally, Air India and SpiceJet were fined for not deploying CAT III-trained pilots during foggy conditions in Delhi. The fines totalling Rs 3 crore were issued by the DGCA and the Bureau of Civil Aviation Security.
-
Uncategorized
The court monitoring the rights of people with disabilities has ordered the aviation regulator to ensure that airline websites and travel portals are accessible to people who are visually impaired. Non-compliance may result in fines and restrictions on selling air tickets. The court has also directed the regulator to improve special assistance for disabled persons at airports.
Jet fuel or ATF price was cut by 4 per cent, the third straight monthly reduction, and commercial cooking gas (LPG) rates were marginally lowered by Rs 1.50 per 19-kg cylinder in line with international benchmarks. The reduction in the price of jet fuel, which makes up for 40 per cent of an airline’s operating cost, will ease the burden on already financially strained airlines. Alongside, oil firms also reduced the price of commercial LPG – used in various establishments such as hotels and restaurants – by Rs 1.50.
Air India has taken delivery of the country’s first Airbus 350, signaling the start of operations in January 2024. This milestone brings modern technology and enhanced passenger experience to the national carrier.
