Aviation Sector Archives - Aviation Today

DAE Completes $9B Macquarie AirFinance Deal, Becomes World’s 3rd-Largest Aircraft Lessor

Aviation Today News Desk / July 29, 2026

Dubai, United Arab Emirates: Dubai Aerospace Enterprise (DAE) Ltd has completed its acquisition of 100% of the outstanding share capital […]

Mumbai, India: Akasa Air is seeking to raise ₹1,050 crore (US$110 million) through a combination of equity and debt financing as the Mumbai-based carrier looks to strengthen its finances amid higher operating costs triggered by the recent Iran conflict. The fundraising comes as soaring aviation fuel prices, flight disruptions and longer routings have added financial pressure on airlines while Akasa continues its aggressive expansion strategy. Akasa plans to raise approximately ₹800 crore (US$84 million) through equity and at least ₹250 crore (US$26 million) through debt. The airline has approached both its existing shareholders and two new investors for the equity portion, while simultaneously holding discussions with state-run banks to secure debt financing under the Indian government's special credit line introduced to support airlines affected by the Iran conflict. The discussions remain private and the fundraising structure has not yet been finalized. For the equity raise, existing shareholders are expected to contribute around ₹500 crore (US$52.4 million), while the remaining ₹300 crore (US$31.4 million) is expected to come from one Asian investor and one American investor, according to the report. Akasa Air began operations in August 2022 under SNV Aviation Pvt. Ltd. The airline had already raised capital from investors in June 2025, but market conditions deteriorated following the conflict between Iran and the United States. The war disrupted international air travel, forced airlines to reroute flights around restricted airspace and drove up aviation turbine fuel (ATF) prices. Fuel typically accounts for around 40% of an airline's operating costs, significantly increasing financial pressure across the industry. The airline's fundraising reflects wider challenges confronting both Indian and global carriers. Tata Group-owned Air India recently reported its largest-ever annual loss and is seeking additional funding from its shareholders, including Singapore Airlines. Responding to reports of the fundraising, Akasa Air did not directly confirm the capital raise but said it looks forward to availing itself of the government's aviation credit line "as appropriate, to further strengthen our growth plans." SNV Aviation's shareholder base includes Akasa Air founder and Chief Executive Officer Vinay Dube, the family of late billionaire investor Rakesh Jhunjhunwala, a private equity fund managed by 360 ONE Asset Management, and other investors. Despite the challenging operating environment, Akasa has continued expanding more rapidly than most competitors. While overall airline capacity in India declined by 6% during March and April, Akasa increased its flight operations by 13.2% year-on-year, making it the only domestic carrier to significantly expand capacity during that period. The airline currently operates a fleet of 40 Boeing 737 MAX aircraft. For the financial year ended 31 March 2026, Akasa reported a 37% increase in operating revenue, supported by 30% growth in available seat kilometres (ASKs). Chief Financial Officer Ankur Goel also announced last month that the airline plans to expand capacity by another 30% during FY2027, underscoring management's confidence in long-term demand despite current geopolitical and cost pressures. The proposed fundraising would provide Akasa with additional liquidity to support fleet expansion, network growth and working capital requirements while mitigating the impact of elevated fuel prices and operational disruptions caused by the conflict in the Middle East. If completed, the transaction would further strengthen the airline's balance sheet as it pursues continued expansion in India's highly competitive aviation market.

Airlines

Akasa Air Seeks ₹1,050 Crore To Support Expansion Amid Rising Iran Conflict Costs

Aviation Today News Desk / July 16, 2026

Mumbai, India: Akasa Air is seeking to raise ₹1,050 crore (US$110 million) through a combination of equity and debt financing

Emirates

Emirates’ President Says European Airlines Shouldn’t Bet On Gulf Carrier Weakness

Aviation Today News Desk / June 10, 2026

Berlin, Germany: Emirates President Sir Tim Clark has declared that the Dubai-based carrier will rebound “hard and fast” from the

Germany

Germany Unveils 15-Year Aviation Strategy To Boost Competitiveness And SAF Use

Aviation Today News Desk / June 10, 2026

Berlin, Germany: Germany is preparing to launch an ambitious 15-year aviation strategy aimed at restoring the country’s competitiveness as a

Hyderabad, India: A disruption occurred on May 31 when an IndiGo flight scheduled to operate from Hyderabad to Nagpur was cancelled before departure after a technical fault was detected. The cancellation also affected the corresponding return service from Nagpur to Hyderabad. The airline has not released details regarding the specific technical issue involved in the cancellation, nor has it disclosed the number of passengers affected. The affected travelers were offered assistance and accommodated on alternate flight arrangements. In a separate incident an IndiGo aircraft en route from Bengaluru to Nagpur made a precautionary landing at Hyderabad's Rajiv Gandhi International Airport after the flight crew reported a technical snag while the aircraft was airborne. The incident occurred on May 29 when an IndiGo flight operating from Bengaluru to Nagpur was forced to divert to Hyderabad after pilots detected a suspected technical malfunction during the flight. The aircraft, carrying 126 passengers, landed safely at Rajiv Gandhi International Airport, where emergency services were placed on standby as a precaution. According to officials, the crew followed standard operating procedures and elected to divert the aircraft to Hyderabad after identifying the issue. All passengers and crew members remained safe, and no injuries were reported. While the exact nature of the technical problem has not been disclosed, local reports indicated that the fault was rectified the same day. However, the aircraft reportedly remained in Hyderabad for further inspection and operational checks. IndiGo had not issued a detailed public statement identifying the causes of technical fault. The incidents did not result in any injuries, and both were handled in accordance with established aviation safety procedures.

Incidents

Two IndiGo Flights Hit By Technical Issues In 3 Days, One Cancelled And One Diverted

Aviation Today News Desk / June 1, 2026

Hyderabad, India: A disruption occurred on May 31 when an IndiGo flight scheduled to operate from Hyderabad to Nagpur was

Italy

Italy Signs €1.4bn Deal With Airbus For Six A330 MRTT Tanker Aircraft Fleet Expansion

Aviation Today News Desk / May 23, 2026

Rome, Italy: Italy has signed a contract with Airbus Defence and Space for the acquisition of six A330 Multi-Role Tanker

Emirates

Emirates Launches Construction Of $5.1 Billion Mega Aircraft Engineering Hub In Dubai

Aviation Today News Desk / May 22, 2026

Dubai, United Arab Emirates: Dubai-based carrier Emirates has officially launched construction of a massive US$5.1 billion engineering and maintenance complex

South Africa

South Africa Reports Surge In Fatal Flight Training, GA Accidents As Death Toll Hits 24

Aviation Today News Desk / May 17, 2026

Gauteng, South Africa: South Africa’s aviation safety authorities have raised fresh concerns over the state of general aviation and pilot

Airlines

Singapore Airlines Profit Drops 57.4% Amid Air India Losses & Missing Vistara Merger Gain

Aviation Today News Desk / May 15, 2026

Singapore: Singapore Airlines (SIA) Group reported a sharp 57.4 per cent decline in annual net profit for the financial year

Airlines

United Airlines Flight Attendants Ratify 5-Year Contract With 31% Pay Rise, Boarding Pay

Aviation Today News Desk / May 14, 2026

Chicago, United States: United Airlines flight attendants have ratified a new five-year labor agreement that delivers significant improvements in pay,

Aviation Sector

DAE Completes $9B Macquarie AirFinance Deal, Becomes World’s 3rd-Largest Aircraft Lessor

Akasa Air Seeks ₹1,050 Crore To Support Expansion Amid Rising Iran Conflict Costs

Emirates’ President Says European Airlines Shouldn’t Bet On Gulf Carrier Weakness

Germany Unveils 15-Year Aviation Strategy To Boost Competitiveness And SAF Use

Two IndiGo Flights Hit By Technical Issues In 3 Days, One Cancelled And One Diverted

Italy Signs €1.4bn Deal With Airbus For Six A330 MRTT Tanker Aircraft Fleet Expansion

Emirates Launches Construction Of $5.1 Billion Mega Aircraft Engineering Hub In Dubai

South Africa Reports Surge In Fatal Flight Training, GA Accidents As Death Toll Hits 24

Singapore Airlines Profit Drops 57.4% Amid Air India Losses & Missing Vistara Merger Gain

United Airlines Flight Attendants Ratify 5-Year Contract With 31% Pay Rise, Boarding Pay

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