Sunday, August 3, 2025

Creating liberating content

NEW DELHI: In a bid to address the longstanding confusion

JSW Cement, the building materials arm of Sajjan Jindal-led JSW

Related News

NEW DELHI: Seven out of the top 10 highest-valued firms experienced a collective reduction of Rs 1.35 lakh crore in market value last week. The BSE benchmark decreased by 863.18

NEW DELHI: In a bid to address the longstanding confusion over speed limits, the road transport ministry has proposed that the Centre set the speed limits for NHs and expressways

Mahindra & Mahindra Ltd (M&M) on Saturday said it has completed the acquisition of a 58.96% controlling stake in commercial vehicle maker SML Isuzu Ltd from Japan’s Sumitomo Corporation and

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

MUMBAI: A sharp increase in provisions pulled down quarterly profit at Federal Bank, India’s sixth-largest private lender, even as asset quality and core earnings improved. Net profit declined 14.6% to

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Trending News

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

Air India lobbies Indian government to stop IndiGo lease with Turkish Airlines: Report

Word Count: 642 | Estimated Reading Time: 4 minutes


Air India lobbies Indian government to stop IndiGo lease with Turkish Airlines: Report
IndiGo has maintained a leasing agreement with Turkish Airlines, a state-supported carrier, since 2023. (AI image)

Air India has approached Indian authorities to stop IndiGo’s leasing arrangement with Turkish Airlines, raising concerns about business implications and security issues due to Istanbul’s backing of Pakistan, according to a Reuters report.IndiGo has maintained a leasing agreement with Turkish Airlines, a state-supported carrier, since 2023. Under this arrangement, Turkish Airlines provides IndiGo with two aircraft, complete with pilots and select crew members, for operations on routes connecting New Delhi and Mumbai to Istanbul.Air India has petitioned the Civil Aviation ministry to stop the continuous renewal of this leasing arrangement, which requires a fresh approval every six months. According to a source and an Air India document reviewed by Reuters, the airline has said that the agreement between IndiGo and Turkish Airlines advantages Turkey whilst proving detrimental to India’s aviation industry.Also Read | All trade routes closed for Pakistan: India scrutinising imports from UAE, Iran & other Gulf countries to spot Pakistani goodsThe aircraft leasing deal resulted in “a substantial increase in seat capacity” to Turkey, which benefited their tourism sector, according to the document.Following rising public outrage in India regarding Turkey’s position on Pakistan during the India-Pakistan dispute, Indian tourists have been cancelling their travel plans. The Indian government has withdrawn security authorisation for Turkish ground handling company, Celebi, on Thursday, citing national security considerations.Earlier, IndiGo issued a statement highlighting that its collaboration with Turkish Airlines, including their codeshare agreement, offers numerous advantages to Indian passengers, supports aviation development and employment, whilst enabling IndiGo to establish its presence in European and American long-haul routes.A source with direct knowledge confirmed that IndiGo’s current lease extension remains valid until May 31, and the airline has submitted an application for further extension.Also Read | India-Pakistan ceasefire: How India’s punitive measures will continue to hit Pakistan’s fragile economy – explained





Source link

Sign In

Welcome ! Log into Your Account