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Vietnam Tycoon's Jail Term Reduced To 7 Years In $146 Million Fraud Case
A Vietnamese appeal court on Thursday slashed a former property and aviation tycoon's jail sentence in a $146 million fraud and stock market manipulation case from 21 years to seven.
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Aviation Turbine Fuel Smuggling Racket Busted In Delhi, 6 Arrested
The Delhi Police on Monday claimed to have busted a racket siphoning off aviation turbine fuel from tankers and selling those in open market as a mineral turpentine oil, monthly loss costing Rs 1.62 Crore.
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India's Aviation Sector Rises To Third Spot Globally, Creates 7.7 Million Jobs
India's aviation industry has expanded at a rapid pace to become the world's third-largest aviation market in terms of passenger traffic, according to a report compiled by the International Air Transport Association (IATA).
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Mahindra Renames Electric Car Amid Aviation Giant IndiGo's Trademark Challenge
India's Mahindra and Mahindra said on Saturday it would rename its latest electric car after aviation market leader IndiGo sued the automaker for use of its call sign and widely used brand name "6E".
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India's Aviation Sector Needs $170 Billion To Fund Record Growth By 2030: Report
India's aviation sector will need to pump in more than $170 billion through 2030 to finance record aircraft orders and boost airport capacity amid an ongoing traffic boom, S&P Global Ratings said in a report.
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IndiGo Co-Founder's Family Trust Sells 5.24% Stake In Airline For Rs 9,549 Crore
InterGlobe Aviation promoter Rakesh Gangwal's family trust on Thursday sold a 5.24 per cent stake in the airline for Rs 9,549 crore through open market transactions.
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Vietnamese Tycoon Jailed For 21 Years For Stock Fraud Worth $146 Million
Trinh Van Quyet, a former Vietnamese property and aviation tycoon was jailed for 21 years on Monday for fraud and stock market manipulation worth $146 million, state media said.
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Vietnamese Tycoon On Trial For $146 Million Fraud In Corruption Crackdown
A former Vietnamese property and aviation tycoon charged with $146 million in fraud and stock market manipulation went on trial in Hanoi Monday, the latest corruption case targeting the communist country's business elite.
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India Records 6.3% Rise In Domestic Air Travel At 132.8 Lakh In June
India's domestic air passenger traffic rose to 132.8 lakh in June this year which represents a 6.3% increase over the corresponding figure for June last year and reflects a robust 10.4 per cent jump over the pre-Covid levels.
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India Now World's 3rd Largest Domestic Aviation Market. How Tier-2, 3 Cities Gained.
India is now the world's third largest domestic aviation market and the increase in flight routes in the last 10 years has benefitted Tier 2 and 3 cities, President Droupadi Murmu said today.
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India Becomes World's 3rd Largest Domestic Airline Market: Report
Driven by robust growth in the aviation sector in the last decade, India is now the third-largest domestic airline market in the world, up from 5th position 10 years ago.
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Global Airlines Launch New Flights In India Amid Travel Boom
Global airlines are launching new flights and expanding schedules in India, betting the South Asian giant will become one of the hottest travel markets over the next decade, airline officials and analysts say.
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IndiGo Orders 30 Long-Range Airbus A350s. India To US Non-Stop Next?
Making its first-ever purchase of widebody aircraft, IndiGo has placed an order of 30 A350-900 jets with Airbus. IndiGo, which has a 60% share of the Indian aviation market, aims to double its capacity by 2030 and expand its network internationally.
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India Has Incredibly Affordable Airfares, Says Akasa Air CEO
India has "incredibly affordable" airfares and the country's aviation market has the kind of growth potential where Akasa Air as well as other carriers can do well, according to the nearly two-year-old airline's chief Vinay Dube.
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"India Is Set To Give New Energy To Global Aviation Market": PM Modi
A growing demand has spurred orders for new aircraft from airlines in the country which is now set to give new energy to global aviation market, Prime Minister Narendra Modi said on Friday.
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Vietnam Tycoon's Jail Term Reduced To 7 Years In $146 Million Fraud Case
A Vietnamese appeal court on Thursday slashed a former property and aviation tycoon's jail sentence in a $146 million fraud and stock market manipulation case from 21 years to seven.
-
Aviation Turbine Fuel Smuggling Racket Busted In Delhi, 6 Arrested
The Delhi Police on Monday claimed to have busted a racket siphoning off aviation turbine fuel from tankers and selling those in open market as a mineral turpentine oil, monthly loss costing Rs 1.62 Crore.
-
India's Aviation Sector Rises To Third Spot Globally, Creates 7.7 Million Jobs
India's aviation industry has expanded at a rapid pace to become the world's third-largest aviation market in terms of passenger traffic, according to a report compiled by the International Air Transport Association (IATA).
-
Mahindra Renames Electric Car Amid Aviation Giant IndiGo's Trademark Challenge
India's Mahindra and Mahindra said on Saturday it would rename its latest electric car after aviation market leader IndiGo sued the automaker for use of its call sign and widely used brand name "6E".
-
India's Aviation Sector Needs $170 Billion To Fund Record Growth By 2030: Report
India's aviation sector will need to pump in more than $170 billion through 2030 to finance record aircraft orders and boost airport capacity amid an ongoing traffic boom, S&P Global Ratings said in a report.
-
IndiGo Co-Founder's Family Trust Sells 5.24% Stake In Airline For Rs 9,549 Crore
InterGlobe Aviation promoter Rakesh Gangwal's family trust on Thursday sold a 5.24 per cent stake in the airline for Rs 9,549 crore through open market transactions.
-
Vietnamese Tycoon Jailed For 21 Years For Stock Fraud Worth $146 Million
Trinh Van Quyet, a former Vietnamese property and aviation tycoon was jailed for 21 years on Monday for fraud and stock market manipulation worth $146 million, state media said.
-
Vietnamese Tycoon On Trial For $146 Million Fraud In Corruption Crackdown
A former Vietnamese property and aviation tycoon charged with $146 million in fraud and stock market manipulation went on trial in Hanoi Monday, the latest corruption case targeting the communist country's business elite.
-
India Records 6.3% Rise In Domestic Air Travel At 132.8 Lakh In June
India's domestic air passenger traffic rose to 132.8 lakh in June this year which represents a 6.3% increase over the corresponding figure for June last year and reflects a robust 10.4 per cent jump over the pre-Covid levels.
-
India Now World's 3rd Largest Domestic Aviation Market. How Tier-2, 3 Cities Gained.
India is now the world's third largest domestic aviation market and the increase in flight routes in the last 10 years has benefitted Tier 2 and 3 cities, President Droupadi Murmu said today.
-
India Becomes World's 3rd Largest Domestic Airline Market: Report
Driven by robust growth in the aviation sector in the last decade, India is now the third-largest domestic airline market in the world, up from 5th position 10 years ago.
-
Global Airlines Launch New Flights In India Amid Travel Boom
Global airlines are launching new flights and expanding schedules in India, betting the South Asian giant will become one of the hottest travel markets over the next decade, airline officials and analysts say.
-
IndiGo Orders 30 Long-Range Airbus A350s. India To US Non-Stop Next?
Making its first-ever purchase of widebody aircraft, IndiGo has placed an order of 30 A350-900 jets with Airbus. IndiGo, which has a 60% share of the Indian aviation market, aims to double its capacity by 2030 and expand its network internationally.
-
India Has Incredibly Affordable Airfares, Says Akasa Air CEO
India has "incredibly affordable" airfares and the country's aviation market has the kind of growth potential where Akasa Air as well as other carriers can do well, according to the nearly two-year-old airline's chief Vinay Dube.
-
"India Is Set To Give New Energy To Global Aviation Market": PM Modi
A growing demand has spurred orders for new aircraft from airlines in the country which is now set to give new energy to global aviation market, Prime Minister Narendra Modi said on Friday.
