SpiceJet Enhances Fleet, Saves Costs

Delhi HC Grants SpiceJet Ultimatum

The Delhi High Court has issued a final ultimatum to SpiceJet, directing the airline to pay Rs 50 crore to engine-lessors or face grounding. This stern warning underscores the urgency of resolving the financial dispute and avoiding potential disruptions to SpiceJet's operations.

SpiceJet has been embroiled in a legal battle with engine-lessors over unpaid dues, posing a threat to the airline's ability to continue operating smoothly. The court's intervention serves as a last opportunity for SpiceJet to settle the outstanding payments and avoid the risk of being grounded.

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Domestic air travel hits Rs 150.4 million in 2023-24

Domestic air passenger traffic likely experienced an annual growth of 13 percent, reaching approximately 150.4 million in 2023-24, with the aviation industry's net loss expected to have decreased to Rs 30 to 40 billion during the same period. According to the report released by credit rating agency Icra, it was mentioned that the ability of airlines to raise yields proportionate to their input cost increases would be crucial for expanding their profitability margins. Additionally, supply chain challenges and engine failure issues were noted as near-term headwinds.

For the fiscal year 2..

SpiceJet Secures Q400 Aircraft in NAC Settlement

SpiceJet, one of India's leading private airlines, is poised to bolster its fleet with the acquisition of a Q400 aircraft from Nordic Aviation Capital (NAC), marking another milestone in its recent streak of settlement agreements with aircraft lessors. The agreement, inked last year, not only resolves all previous liabilities but also grants SpiceJet complete ownership of six Q400s, further solidifying its operational independence.

The impending arrival of the Q400 aircraft, just ahead of the summer schedule, a peak travel period, underscores SpiceJet's commitment to enhancing its flee..

TVS Motor Unveils Electric Two-Wheeler

TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.

The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..

Chinese EV Giant Leapmotor Eyes Indian Market

Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.

Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..