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Due to the decline in passenger traffic in FY 2021, the industry is expected to report revenue degrowth of 44 percent during FY2021. Industry-level debt is expected to be Rs 465 billion.

Indian aviation industry will require Rs 350 billion over FY 2021-23: ICRA

17 May 2020 2:44 PM IST

May 17, 2020: The credit rating agency ICRA in its latest analysis noted that the domestic aviation industry of India will require additional funding...

TIACA, the sole organization dedicated exclusively to representing air freight, defended its members%u2019 interests before the Council.

Working together is the key for recovery from COVID-19 crisis: aviation industry

12 April 2020 12:31 PM IST

April 12, 2020: The International Civil Aviation Association held its informal council meeting with other organisations including International Air...

IATA called out regulators worldwide to help the industry plan for today%u2019s emergency, and the future recovery of the network, by suspending the slot use rules on a temporary basis.

Coronavirus: IATA calls out for global suspension of slot rules

3 March 2020 12:31 PM IST

March 3, 2020: The International Air Transport Association (IATA) requested aviation regulators worldwide to immediately suspend the rules governing...

The medium-term impact on the Indian aviation industry would also depend on the economic shock to the global economy.

Coronavirus: Read why turmoil in Indian aviation will intensify according to ICRA

2 March 2020 4:15 PM IST

March 2, 2020: The credit rating agency, ICRA has maintained its negative outlook on the Indian aviation industry and predicted a maximum impact of...

Particularly, the government wanted to attract international players to bid for Air India and find buyers for Jet Airways.

India may allow 100% FDI in aviation by February 2020

2 Jan 2020 4:04 PM IST

January 2, 2020: Finance Minister Nirmala Sitharaman may raise the 49 percent foreign direct investment cap in the country’s aviation industry to 100...

The first flight is scheduled to operate on November 16 (subject to all government approvals)westbound, and November 17 eastbound.

China Airlines Cargo sets Nov 16 date for freighter service from Mumbai

1 Nov 2019 8:00 PM IST

November 1, 2019: China Airlines Cargo, the cargo division of China Airlines Limited of Taiwan is set to launch its freighter service from Mumbai.