Air India and SpiceJet boost fleet amid high year-end demand

02 Nov 2023 CW Team

During the festive season and the approaching year-end rush in passenger traffic, both Air India and SpiceJet are scaling up their capacities to meet the high demand.

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing, revealed the delivery of the first batch of six Airbus A320neo aircraft to Air India. Concurrently, SpiceJet added five leased Boeing 737s to its fleet, including three 737 MAX aircraft, showcasing the airline's commitment to expanding and diversifying its flight services, as mentioned in their statement.

This development follows SpiceJet's recent introduction of three leased Boeing 737s, including one 737 MAX, emphasising the airline's determination to broaden its services. Campbell Wilson, Chief Executive Officer and Managing Director of Air India and Chairman of Air India Express, had stated in October that the Air India Group plans to acquire one new aircraft every six days on average until the end of 2024.

Despite a 10% increase in airlines' capacity deployment in September 2023 compared to September 2022, the capacity remained 0.5% lower than pre-Covid levels, according to a report by ICRA. This growth has been hindered by ongoing supply chain and manufacturing challenges, impacting aircraft manufacturers' delivery schedules. Boeing, for instance, announced on October 25 that it would adjust its delivery goal for Boeing 737 (MAX) aircraft, aiming to deliver 375-400 planes in 2023, down from the earlier target of 400-450 airplanes, due to these challenges.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..