SpiceJet Ltd. (SJET), the Indian budget carrier headed for its third straight annual loss, said it sees little chance of luring investment soon amid elevated debt and intensifying competition. Although the airline’s owners have injected more than 5 billion rupees ($83 million) in equity in recent quarters, that “has not been adequate” to reduce the carrier’s dependence on debt, S.L. Narayanan, the chief financial officer of SpiceJet’s parent Sun Group, said Read More....

The decision to privatise six airports will be taken up only after the Lok Sabha elections, according to the aviation ministry. Union Civil Aviation Secretary Ashok Lavasa, while addressing an industry event said that the projects will be put on hold till the elections have been concluded. Kolkata, Chennai, Lucknow, Jaipur, Ahmedabad and Guwahati airports are all set to be privatised. The move saw opposition from many quarters. The Standing committee on Transport, Tourism and cultur Read More....

Jet Airways is facing rough weather with its stock plummeting and senior executives bailing out. In the last one year, Jet Airways stock has fallen from a high of Rs 688.60 when the deal between Eithad and Jet Airways was announced to a low of Rs 210.25 in early February. It is presently trading around Rs 230, much closer to its year’s low.   More than the share price, the exit of five senior executives since the stake sale to United Arab Emirates based Eithad Airways has raise Read More....

In A shocking loss for the air force, one of its most modern special operations C-130 J aircraft crashed Friday during a low-level, tactical training mission, killing all five crew and destroying the plane. The aircraft, inducted in 2010, was commanded by Wing Commander Prashant Joshi, an experienced pilot and the second-in-command of the 77 ‘Veiled Vipers’ squadron. It had three other pilots on board, including one who was undergoing training. Sources said the C-130 J w Read More....

Planes will soon roll over the country's first runway bridge in Chennai as the Airports Authority of India (AAI) plans to open the extended second runway in 10 days. The runway and its bridge across Adyar river received safety clearance from the Directorate General of Civil Aviation. The runway was closed for extension work in 2009. With the opening of the second runway, aviation experts said flight handling at Chennai airport would increase from 27 per hour to at least 40. Howe Read More....