Akasa Air's standalone net loss rose 18.7 per cent year-on-year (Y-o-Y) to roughly Rs 1,983 crore in 2024-25 (FY25), driven by rising employee costs, aircraft maintenance and airport charges, and a sharp increase in foreign exchange (forex) expenses, sources privy to the development told Business Standard.
Indian carriers are grappling with severe operational disruptions after Iran launched missile strikes on the US military base in Qatar late Monday. This led to airspace closures for long hours in parts of West Asia. Iran, Qatar, the UAE, Bahrain, and Kuwait shut down their skies following the attack, forcing airlines to cancel, divert, or delay flights through these vital corridors.
'We will continue supporting those affected long after the work in Ahmedabad is done.'
The DGCA has issued multiple fines and warnings to Air India over the past three years, flagging serious concerns in flight operations, cockpit discipline, and internal accountability.
'...rectification has to happen then and there, and that takes additional time.'
'That refresh programme -- because they are big aircraft and we cannot ground them all at the same time -- will last well into 2027.'
Metreweli, 47, has been promoted from current role as Director General, or 'Q', responsible for technology and innovation in MI6 and has previously held a director-level role at MI5 - the UK's domestic security service.
Air India reiterated that its priority remains extending assistance to the families.
The Indian diaspora in London has been rallying around to coordinate fundraisers to support the UK-based family members of the Ahmedabad plane crash victims, including urgent assistance for two orphaned children.
'Delhi airport handles 1,450 aircraft movements per day. Of these, 114 daily movements will be cancelled during the runway upgrade.'
The DGCA directive called for a series of specific checks before each flight's departure from India, including inspection of fuel parameter monitoring systems, cabin air compressors, and electronic engine control units.
Maruti Suzuki India (MSIL) said on Thursday its operations are unaffected by the global rare earth magnet shortage, but added that the situation is "uncertain and evolving". The firm said it is exploring multiple solutions to maintain continuity in operations and will notify stakeholders in case of material impact.
Air India pilots said Ahmedabad airport has long been known for bird activity near the runway, which could have contributed to the incident.
Bangladesh Chief Adviser Muhammad Yunus has said that his interim government wanted good relations with India, but 'something always went wrong'.
Restricting air access to foreign carriers by not granting them more bilateral rights is akin to shooting yourself in the foot, as air transport is a wealth multiplier for India's economy, Emirates President Tim Clark said during a press conference held on the sidelines of the annual general meeting of the International Air Transport Association.
Nissan is targeting annual domestic sales and exports of 100,000 units each by financial year 2026-27.
Hyundai aims to raise exports to 30% of output by FY30 as domestic sales slow; six EVs among 26 product launches planned as part of long-term growth strategy.
The airline plans to scale up its operations at NMIA significantly, from 36 air traffic movements (ATMs) daily on the opening day to 79 daily departures (158 ATMs), including 14 international departures by November this year.
For FY26, the company has adopted a cautious outlook, anticipating domestic growth to broadly track the industry's low single-digit estimated growth amid ongoing economic headwinds.
News of his election brought much cheer among his friends and family back in Mirzapur.
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