Articles for tag: Air, Battles, Challenges, Delays, Fleet, Global, India, postTata, Shortages, Striving, Takeover, Transformation, worldclass

Market News

Air India battles fleet challenges and delays post-Tata takeover, striving for a world-class transformation amid global shortages.

Air India battles fleet challenges and delays post-Tata takeover, striving for a world-class transformation amid global shortages.

Air India, under the Tata Group’s ownership since 2022, is striving to modernize its outdated fleet as part of a five-year turnaround plan. CEO Campbell Wilson pointed out that the airline faces significant challenges, including global parts shortages and the need for equipment upgrades. Air India’s efforts include placing significant orders for new planes and ...

Market News

Facing dire financial struggles, SpiceJet aims for a fleet revival to 100 aircraft by 2026, battling legal and operational challenges.

Facing dire financial struggles, SpiceJet aims for a fleet revival to 100 aircraft by 2026, battling legal and operational challenges.

SpiceJet, the domestic airline based in Gurugram, aims to expand its fleet to 100 aircraft by 2026, following a successful fundraising of Rs 3,000 crore through a qualified institutional placement. Chairman Ajay Singh noted that past challenges, including the grounding of Boeing 737 Max planes and the Covid-19 pandemic, have impacted the airline’s performance. Although ...

Market News

SpiceJet’s 8 million share sale attracts major investors amidst financial turmoil, aiming to revive its struggling operations and fleet.

SpiceJet’s $358 million share sale attracts major investors amidst financial turmoil, aiming to revive its struggling operations and fleet.

SpiceJet Ltd. has successfully attracted bids worth $358 million for its share sale, drawing interest from notable investors such as Tata Mutual Fund and Authum Investment. This move comes as the airline, based in Gurugram near New Delhi, struggles with staff furloughs and delayed tax payments. The share sale, offered at a discounted price of ...

Market News

Ashok Leyland Unveils Revolutionary Uptime Centre, Transforming Fleet Support Forever

Ashok Leyland Unveils Revolutionary Uptime Centre, Transforming Fleet Support Forever

Ashok Leyland, a leader in commercial vehicle manufacturing and a part of the Hinduja Group, has launched its advanced Uptime Solution Centre in Ennore. This cutting-edge facility aims to enhance after-sales service for commercial vehicle operators across India by employing innovative technology and predictive analytics. The centre brings together teams from various fields to quickly ...

Current Affairs Question and Answers: World’s Most Diverse Fighter Fleet features Rafale, F-15EX, Su-30, KF-21, and Final Batch of Super Hercules for TNI-AU

Today’s Current Affairs: Indonesia Welcomes Final C-130J-30 Super Hercules Aircraft Indonesia is making significant strides in modernizing its military, with the recent arrival of its fifth and final Lockheed Martin C-130J-30 Super Hercules aircraft. This move aligns with the country’s acquisition of advanced warplanes like French Rafales, US F-15EX, Korean KF-21, and potential Russian Su-35. ...

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