In a significant move aimed at protecting India’s aviation sector from global energy market turbulence, the Union Cabinet has approved a one-time ₹10,000 crore Aviation Turbine Fuel (ATF) Price Stabilisation Fund. The measure is designed to shield domestic airlines from sharp fluctuations in jet fuel prices that have emerged due to ongoing geopolitical tensions and...
Several major Indian airlines have started trimming their flight schedules as rising aviation turbine fuel (ATF) prices and mounting operational expenses place increasing pressure on the aviation sector. Leading carriers including Air India, IndiGo, and Air India Express are reportedly adjusting capacity across select domestic and international routes to manage escalating costs and improve operational...
Godrej Aerospace is aiming for a significant business expansion this fiscal year, projecting nearly 30% growth in revenue as demand accelerates across India’s defence, aerospace, and aviation industries. To support its growing order pipeline and long-term manufacturing ambitions, the company has announced plans to establish a new production facility outside Mumbai. The move reflects the...