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By Manu Vardhan Kannan
Published on September 24, 2025
SpiceJet has received another boost to its financial credibility, with Acuité Ratings & Research upgrading the airline’s long-term credit rating to BB (Stable) from BB- (Stable). This marks the company’s second upgrade in just a month, underlining its improved liquidity, stronger financial discipline, and clear operational roadmap. The short-term rating has been reaffirmed at A4+.
The upgrade comes after Acuité considered fresh details provided by the airline. Earlier, the rating agency had already raised SpiceJet’s rating to BB- (Stable). The latest revision reflects greater confidence in the airline’s turnaround efforts, including new aircraft inductions, settlements with key lessors, and structured financial planning.
A major driver of the improved outlook is SpiceJet’s revival strategy. The airline is preparing to induct new leased aircraft, nearly triple its daily flights to around 280, and return grounded planes to service. A recent settlement with Carlyle Aviation Partners is also expected to strengthen liquidity by offering cash credits for future maintenance, while restructuring lease debt by converting part of it into airline ownership.
Acuité noted the importance of SpiceJet’s seasoned leadership in shaping this progress. Chairman and Managing Director Ajay Singh, with over 15 years in aviation, has been credited with steering past turnarounds and strengthening the company’s growth path. The agency also highlighted the airline’s diversified revenue model as a strong foundation for long-term resilience.
Sharing his views on the development, Debojo Maharshi, Chief Business Officer at SpiceJet, said:
“The back-to-back upgrades in our credit ratings are a strong validation of SpiceJet’s consistent efforts to strengthen its financial foundation and build a resilient future. With fresh aircraft inductions, restructured agreements with lessors, and a focused strategy on growth and profitability, SpiceJet is well positioned to expand operations, enhance customer experience, and create long-term value for all stakeholders.”
Acuité further added that SpiceJet’s diversified revenue streams and expanding fleet capacity are set to support the airline’s revenue profile in the near to medium term, reflecting a positive outlook for India’s aviation market.
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By Hariharan U
Published on January 3, 2026
IndiGo has outlined a cautious yet forward-looking approach as it prepares for the next phase of growth, placing strong emphasis on “operational reliability” while planning a limited set of international route additions. The airline said its immediate focus is to “stabilise operations” as it continues to strengthen capacity and network resilience.
As part of its international plans, IndiGo has announced the launch of non-stop services to Athens. This route will also mark the international debut of India’s first Airbus A321XLR, a new aircraft type expected to support the airline’s entry into fresh overseas markets as it gradually expands beyond short-haul operations.
Beyond Athens, the airline has not shared details of additional international destinations or capacity increases. IndiGo stated that it will continue to grow its international footprint while further densifying its domestic network, without outlining the pace or scale of expansion.
On the domestic front, the airline is also preparing to begin operations from Noida International Airport at Jewar, strengthening its presence in the National Capital Region once services commence.
Addressing recent operational challenges, IndiGo said it had swiftly restored normal operations following a temporary network disruption. The airline also confirmed that it is “fully collaborating and providing requested information to the regulator's committee” as part of an ongoing review by the Directorate General of Civil Aviation.
While IndiGo reiterated its long-term ambitions, including plans related to widebody aircraft and sustained growth, its near-term outlook remains measured. The airline said its renewed focus on stability will help drive future scale, innovation, and impact as it carefully explores new frontiers.
Published on January 1, 2026
Navi Mumbai International Airport (NMIA) has made an impressive start, handling a total of 26,021 passengers in its first five days of operations. This includes 12,431 arrivals and 13,590 departures, showing strong demand right from day one.
Weekend traffic was particularly high, with 5,548 travellers on Saturday and 5,614 on Sunday, reflecting growing confidence among passengers. During this initial period, the airport managed 162 flight movements, 81 arrivals and 81 departures, while keeping on-time performance smooth for both airlines and ground services.
Currently, NMIA connects 13 major domestic destinations, including Ahmedabad, Bengaluru, Chennai, Cochin, Coimbatore, Delhi, Goa (MOPA), Hyderabad, Jaipur, Lucknow, Mangalore, Nagpur, Vadodara. These connections cover key business and leisure hubs, giving travellers more options and conveand nience in the Mumbai Metropolitan Region.
Looking ahead, the airport plans to expand its network with additional destinations and increased flight frequencies in coordination with partner airlines. With strong early passenger response and ready infrastructure, NMIA is set to become a modern, seamless travel hub in Western India
Air India has strengthened its partnership with airBaltic, the flag carrier of Latvia, by entering into a new codeshare agreement, making travel between India and the Baltic region easier and more seamless for its customers. This move builds on the interline partnership established between the two carriers in June 2025.
Under the codeshare, Air India has begun adding its ‘AI’ designator code on airBaltic-operated flights between Riga and Air India’s European gateways including Amsterdam, Paris, Frankfurt, Copenhagen, Milan Malpensa, Vienna, Zurich, and London Gatwick. This allows passengers to travel between India and Riga with a single Air India ticket, covering connecting flights under the same booking.
Additionally, Air India’s interline agreement with airBaltic allows travellers to reach Tallinn, Estonia, and Vilnius, Lithuania via select European gateways, further expanding access to the Baltic region.
Nipun Aggarwal, Chief Commercial Officer, Air India, said, "This expanded partnership with airBaltic reflects Air India’s commitment to providing seamless global connectivity to our customers. Latvia and the wider Baltic region are growing travel markets, and this codeshare makes the journey more convenient than ever."
Air India currently operates multiple non-stop flights connecting India with Europe:
Delhi: Amsterdam (7x weekly), Paris (14x weekly), Frankfurt (12x weekly), Copenhagen (4x weekly), Milan (6x weekly), Vienna (4x weekly), Zurich (4x weekly)
Mumbai: Frankfurt (5x weekly)
Amritsar & Ahmedabad: London Gatwick (3x weekly each)
Since its privatization in 2022, Air India has expanded its global alliance network to include 24 codeshare partnerships and nearly 100 interline agreements, offering passengers access to over 800 destinations worldwide.
The new codeshare flights are now available for booking through both airlines’ official channels and travel partners.
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