In their conversations with investors, IndiGo officials highlighted local factors like the grounding of around 70 aircraft of a fleet of 350 due to issues with the Pratt and Whitney engines. This in turn has forced IndiGo to lease a large number of planes at a high cost. However, the plummeting bottomline draws attention to the serious challenges the aviation sector faces in the country.
Considering the rise in income levels and soaring air traffic, aviation should not be a troubled industry. Operational airports have doubled over the last decade to 157 in 2024.
This story is from the October 30, 2024 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 30, 2024 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Engineering the Actor Within
Parvati Nair talks about her latest film Mr Rani, her career so far, and multiple projects on her plate.
It's a Bling Thing
From preppy fashion accessories to elevated essentials, designer Tiara Dhody's latest chic bijouterie works as a serotonin booster
The Sun and Stars of Inside Living
A home is a compelling personal statement of the owner's personality. How doing it up by zodiac sign can unleash the full potential of colours, shapes and textures
More than Just History
Though the writing begins with a little uncertainty, the author hits her stride quickly building on extensive research
How the Mesopotamians Imagined Earth
The Mesopotamian civilisation, which civilisation, arose around 3400 BC, was one of the earliest urban civilisations.
The Power to Rise Above Loss
Children, some people say, \"We lead an ethical life. We do not betray or harm anyone.
Making 2025 Your Best Year
Eleven infallible strategies to transform New Year resolutions into habits
Her Cakes, Her Cakewalk
Mumbai's queen of confectionery completes two inspired decades of baking sweet somethings for movie stars and celebrity tycoons who get their sugar hit from her little empire.
Wild and High
Tucked away from the well-worn tourist paths of Madhya Pradesh's Kanha and Bandhavgarh lies Satpura's hidden gem the Denwa Backwater Escape.
Till Resignation Does Us Part
Workplace duos aren't a new phenomenon, and in recent years they've become increasingly prevalent
