Adani Airports raises $1 billion from Temasek, BlackRock, others
Adani Airport Holdings has raised $1 billion in primary equity from Alpha Wave Global, Premji Invest, Temasek and BlackRock-managed funds, valuing the airport business at $18 billion.
Adani Airport Holdings has raised $1 billion in primary equity from Alpha Wave Global, Premji Invest, Temasek and BlackRock-managed funds, valuing the airport business at $18 billion.
A technical failure at UK air traffic control provider NATS disrupted Air India flights on Tuesday, part of over 1,000 UK flight cancellations affecting Heathrow and other major airports.
Volcanic ash from Mount Anak Krakatau has caused 2,927 flight delays and 584 cancellations across Asia, including at Delhi and Mumbai airports.
IndiGo will launch daily flights between Mumbai and Dar es Salaam, Tanzania, expected in November, entering a route currently served by Air Tanzania’s Boeing 787s.
India’s overall airline seat capacity fell 4.5% year-on-year to 22.7 million in September, with Air India down 8.8% and SpiceJet cutting the fastest at 45.2%, despite the approaching festive season.
Heavy rain triggered an IMD red alert in Delhi on Friday, flooding IGI Airport and delaying more than 550 flights, with 10 aircraft diverted to nearby cities.
Air India will deploy a larger 256-seat Boeing 787 on its Delhi-Manila route from October 25, as IndiGo and Philippine Airlines both move to launch competing India-Philippines services.
The government is considering annual mandatory drug tests for every pilot, up from the current 10% sampling, following an Air India hydraulic failure incident linked to a positive marijuana test.
Civil Aviation Minister Ram Mohan Naidu has outlined plans to expand India’s airports from 166 to 350 by 2047, backed by a Rs 28,840 crore extension of the UDAN scheme.
DGCA data for July shows SpiceJet’s on-time performance at just 34.5%, far behind IndiGo’s 91.2% and Akasa Air’s 90.8%, as domestic passenger traffic overall fell nearly 5% year-on-year.