Carsten Spohr, CEO of Germany's flagship airline Lufthansa, has warned about the risks to the country's aviation industry from rising government-imposed costs and new regulations.
Reports from Iraqi media on Saturday evening suggested that several Iranian drones had traversed Iraqi airspace en route to Israel.
Coming as a positive development for India’s biggest airlines IndiGo, one of its co-founder raised about USD 820 million from selling part of its holding.
Tata-owned Air India has appointed Manish Uppal as Head of Flight Operations.
After signing purchase agreements for over 470 new aircraft in the Paris air show, Air India CEO Campbell Wilson recently said that this purchase agreement was also referred to by US President Joe Biden during PM Modi's recent visit to the United States which reinforces that Indian aviation is on the rise.
Travel and aviation are the two sectors that are bearing the brunt of the lockdown.
Civil Aviation Minister Hardeep Singh Puri while reacting to the whole incident tweeted, 'Offensive behaviour designed to provoke & create disturbance inside an aircraft is absolutely unacceptable and endangers safety of air travellers.'
The airline has a debt burden of around Rs 60,000 crore and the government is still working on the modalities for the disinvestment.
For us safety is and will always be a top priority, no matter the cost.
The airline is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.
