● Neutral for Indian equities
airBaltic plans to cut up to 700 jobs amid debt-reduction effort
The brief
- The airline is considering cuts across bases in Riga, Vilnius and Tallinn; the final number remains under discussion
- Airlines urge govt to unlock delayed ECLGS funds
- Federation of Indian Airlines seeks Centre's intervention for faster release of ECLGS 5.0 funds
- Navi Mumbai airport offers incentives to shift int’l flights; airline costs remain a hurdle
- Airlines seek release of pending government-backed loans as costs rise due to West Asia conflict
- Airfare remains high as India explores costly Hotan detour around closed skies