InterGlobe Aviation shares fly high

Shares of InterGlobe Aviation bounced back after three days of fall, rising 5.5 per cent after IndiGo placed a firm order for 300 A320neo family aircraft. The scrip climbed 5.36 per cent to Rs 1,485.95 on the BSE. On the NSE, it rose by 5.46 per cent to Rs 1,486.75. Continue Reading

CDB Aviation delivers first A321 neo to Indigo

Budget carrier IndiGo said it has received the first delivery of the A321neos from CDB Aviation under a purchase and leaseback arrangement with the Irish aircraft lessor. Continue Reading

Oil price surge: Air India’s monthly bill to spike by Rs 50

According to the official, the bill could go up by at least Rs 50 crore if the oil prices jump 10 per cent from $60 per barrel level on a sustained basis. An increase in oil prices could also result in fares going up as costs would have to be passed on, he added. Continue Reading

Pak lifts ban imposed after Balakot, opens airspace for Indian flights

Pakistan’s Civil Aviation Authority issued a notice to airmen (NOTAM) around 12.41 am Indian Standard Time, stating that “with immediate effect Pakistan airspace is open for all type of civil traffic on published ATS (air traffic service) routes”. Continue Reading