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CCD shuts 73% stores in 4 years
CCD has closed 73% of its outlets from 2019; Reliance Retail and six other entities have submitted EoI for Future Supply Chain; Indigo set to place or
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Adani again looks to raise funds
The board of Adani Enterprises will meet on May 13 to consider ways to raise funds; After NCLT decision on Go First the airline may fly again from May
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NCLT accepts insolvency plea by Go First
SC panel has submitted its report on Adani; High Court upholds arbitral award to RIL; Byju's to raise $1b and much more on action in corporate world
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Turbulence ahead for aviation sector
Air travel in India is still considered as luxury spending. All the luxury items have very high price elasticity.
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Go First lenders open to rejigging loans
The restructuring will avoid lenders suffering a significant write-down as the loans and debt facilities are currently classified as standard accounts
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November sees 17% higher domestic air passengers
India resumed domestic passenger flights on May 25 last year after a gap of two months due to coronavirus
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IndiGo sees intense competition ahead as airline space is action-packed now
The question in the mid of flyers is whether the air-ticket price will come down or not
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Over 7 million domestic passengers take flight in September
The passenger load was 5.44% higher than August with occupancy between 63.7% and 78.8%
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Domestic air passenger traffic jumps 3% in September: Report
The number of departures on a sequential basis in the month touched a high of 6%, as Covid-19 demonstrated a downward trajectory
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Domestic airlines allowed to fly 85% of pre-Covid flights
The higher cap will allow arilines to operate more flights and carry more passengers; aifare limit set to 15 days from 30 earlier
