Scrutiny over IndiGo's ties with Turkish Airlines; company says will comply with government order
NEW DELHI: IndiGo CEO Pieter Elbers on Friday said it will comply with any government regulations amid the airline operating wet-leased planes of Turkish Airlines coming into focus.
Last week, Civil Aviation Minister K Rammohan Naidu said the civil aviation ministry was taking inputs from IndiGo and security agencies on the airline's use of planes leased from Turkish Airlines and then will decide on the way forward.
"Flights between India and Turkiye are governed within the bilateral air service agreement. We are compliant today, and we will continue to comply with any government regulations on those lines," Elbers told PTI.
Aviation regulator DGCA on Friday granted a three-month extension to IndiGo on damp leasing two Boeing 777 planes from Turkish Airlines to avoid sudden flight disruptions that will cause inconvenience to passengers, according to sources.
Currently, IndiGo is operating two B777-300 ER aircraft under damp lease from Turkish Airlines, and the current lease is to expire on May 31.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
34 minutes ago
- Time of India
India-US deal momentum builds: US team holds talks in Delhi on BTA; Goyal says interim pact may be reach soon
The United States and India are intensifying negotiations on a bilateral trade agreement, with officials from both sides meeting in New Delhi this week to finalise the first phase of the proposed deal. Tired of too many ads? go ad free now Commerce and Industry Minister on Thursday said the ongoing discussions are progressing well, and that additional US officials are expected to join the talks on June 6. 'Talks are progressing well. The US team is in India for the talks,' Goyal told reporters in Brescia, Italy, where he is on an official visit to promote trade and investment ties with Italian leadership and industry. According to PTI, the US and India are targeting an interim trade agreement by the end of June. The broader goal, announced jointly by Prime Minister Narendra Modi and US President Donald Trump in February, is to finalise a multi-sector Bilateral Trade Agreement (BTA) by September–October 2025. The deal aims to more than double bilateral trade to $500 billion by 2030 from the current level of $191 billion. India is also pushing for full exemption from the 26% reciprocal tariff currently imposed on domestic goods as part of the ongoing talks. Last month, India's chief negotiator, Special Secretary Rajesh Agrawal from the Department of Commerce, held a four-day round of discussions in Washington with his US counterpart. Goyal also travelled to the US capital to provide political impetus to the talks. The US has remained India's largest trading partner for the fourth consecutive year in FY 2024–25, with total trade valued at $131.84 billion. The US accounts for about 18% of India's total goods exports, 6.22% of imports, and 10.73% of overall merchandise trade.
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
The hub of the matter: Airport competitiveness to shape air treaties
The subtext here is that the Indian airline industry is looking to expand international connectivity substantially Listen to This Article The recent disagreement between Emirates President Tim Clark and IndiGo Chief Executive Officer (CEO) Pieter Elbers over bilateral air-service agreements reflects the emerging competitive paradigms between West Asia's state-owned airlines and India's private sector-driven industry. At the annual general meeting of the International Air Transport Association, Mr Clark, who heads West Asia's largest airline, had criticised the Indian government for its 'restrictive' policies towards bilateral seat agreements with foreign airlines. He had sought increasing seat capacity between India and Dubai from the current 65,000 per week to 140,000. The Indian government has contended that it needs to counter the unfair
The Print
an hour ago
- The Print
Rupee falls 26 paise to close at 85.87 against US dollar
At the interbank foreign exchange, the domestic unit opened at 85.69 and moved between the high of 85.69 and a low of 86.05 against the greenback during the day. Forex traders said the local unit remained under pressure on geopolitical tensions between Russia-Ukraine and elevated crude oil prices. Mumbai, Jun 4 (PTI) The rupee depreciated for the second consecutive session and settled for the day lower by 26 paise at 85.87 against the US dollar on Wednesday, largely driven by strong dollar demand from importers. The unit closed the session at 85.87 against the dollar, registering a loss of 26 paise from its previous close. On Tuesday, the rupee depreciated 22 paise to settle at 85.61 against the US dollar. The local unit registered the second consecutive session of fall and has lost 48 paise over the greenback. 'The Indian rupee extended its depreciation for a second consecutive day, emerging as the weakest performer among Asian currencies. This decline was driven by strong dollar demand from importers, a lack of intervention, and weaker-than-expected PMI figures,' said Dilip Parmar, Senior Research Analyst, HDFC Securities. On the domestic macroeconomic front, the Indian services growth broadly steadied in May and was underpinned by healthy demand conditions, new client wins and greater staffing capacity. The seasonally adjusted HSBC India Services PMI Business Activity Index was at 58.8 in May, marginally up from April's 58.7. Market participants are now keenly awaiting the outcome of the Reserve Bank of India's monetary policy meeting for direction trade. The Reserve Bank's rate-setting panel started its three-day brainstorming on monetary policy on Wednesday and the outcome is scheduled to be announced on June 6. Experts are of the view that the RBI may reduce the repo rate by 25 bps on Friday and another similar cut in the next policy. SBI research expects the central bank to go in for a 'jumbo' rate cut of 50 bps in June itself. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.15 per cent at 99.07. Brent crude, the global oil benchmark, rose 0.24 per cent to USD 65.79 per barrel in futures trade. 'Technically, the spot USDINR has broken out upwards, forming a bullish chart pattern. The bias for the pair has turned positive, suggesting a further appreciation towards 86.50 in the coming days, with support now established at 85.30,' Parmar added. In the domestic equity market, the 30-share BSE Sensex surged 260.74 points, or 0.32 per cent, to close at 80,998.25, while the Nifty rallied 77.70 points, or 0.32 per cent, to 24,620.20. Foreign institutional investors (FIIs) purchased equities worth Rs 1,076.18 crore on a net basis on Wednesday, according to exchange data. PTI DRR TRB This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
