Government okays plan to halve Air India's Rs 55,000 crore debt
Thursday, November 29, 2018, 8:26 PM
The government has cleared a plan to transfer about Rs.29,000 crore of its Rs.55,000 crore debt to a SPV that will help reduce airline's annually interest outgo substantially, a top aviation ministry official said. This was reported by ET first on November 5, 2018. According to the plan, The government is transferring the airline's working capital debt of about Rs.29,000 crore to AIAHL.
SpiceJet sets sights on more international routes to keep fleet busy
Monday, July 9, 2018, 8:16 AM
As SpiceJet firms up plans to induct new Boeing aircraft, the Gurugram-based airline is eyeing more international routes to keep its expanding fleet busy. The airline has sought permission from the aviation ministry for more rights to fly to Dhaka from Indian cities, as well as operate flights on other key routes where it hopes to begin service in the coming months.