Passez à l'illimité avec Magzter GOLD

Passez à l'illimité avec Magzter GOLD

Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement

$149.99
 
$74.99/Année

Essayer OR - Gratuit

IndiGo lease costs to fall as P&W vows engines by June

Mint Mumbai

|

November 11, 2025

Engine maker Pratt & Whitney has assured IndiGo that it intends to replace faulty engines of 40-odd grounded planes of the country's largest airline by end-June 2026, said two persons with knowledge of the development.

- Abhishek Law

IndiGo lease costs to fall as P&W vows engines by June

This move will potentially boost IndiGo's profitability this year and next, depending on the pace of engines replacement, reducing the carrier's reliance on costly leased planes to offset the nearly-10% unused aircraft on its fleet.

The airline flies two of three passengers in India.

Forty planes with Pratt & Whitney engines are grounded while 60 are flying.

"There is an assurance for a staggered improvement in the aircraft on ground situation with a June timeline," the first person said on the condition of anonymity, as the discussions between the world's second-largest commercial aircraft engine maker and IndiGo are private.

The second person, who also wanted to remain unidentified, said some timelines are still under discussion, and that revision possibilities cannot be ruled out if global supply constraints persist.

Emails sent to Pratt & Whitney and IndiGo seeking comment went unanswered.

A resolution could help IndiGo's profitability, according to at least one analyst.

PLUS D'HISTOIRES DE Mint Mumbai

Mint Mumbai

Mint Mumbai

Samsung debuts 1st trifold smartphone

Samsung Electronics Co. unveiled its first so-called trifold smartphone, flaunting its engineering prowess in foldable devices even as the broader category has yet to catch on with consumers.

time to read

2 mins

December 03, 2025

Mint Mumbai

Mint Mumbai

Meesho under fire from investors over SBI Funds allotment

Meesho Ltd's anchor book faced a setback after several major investors pulled out when the Indian e-commerce firm was said to have allocated about a quarter of the shares in this tranche to SBI Funds Management Pvt,, the country’s largest asset manager, according to people familiar with the matter.

time to read

1 mins

December 03, 2025

Mint Mumbai

Mint Mumbai

SC upholds RIL fine on Jio-Facebook deal

The Supreme Court on Tuesday rejected Reliance Industries Ltd’s (RIL) appeal against a Securities Appellate Tribunal (SAT) order that had upheld a ₹30-lakh penalty on two of its compliance officers for the delayed disclosure of the ₹43,574-crore Facebook-Jio investment deal in 2020.

time to read

2 mins

December 03, 2025

Mint Mumbai

Online policing should abide by democratic principles

In 201l, the US Federal Bureau of Investigation identified Timothy Carpenter as the ringleader of a string of armed robberies in Michigan and Ohio.

time to read

3 mins

December 03, 2025

Mint Mumbai

Mint Mumbai

Youngsters lap up multiplex ticket discounts but shrink F&B spending

Urban, youth-centric films such as Saiyaara and FI: The Movie are setting cinema cash registers ringing, bringing returns for multiplexes that are trying to attract audiences with discounts and buy-one-get-one offers.

time to read

2 mins

December 03, 2025

Mint Mumbai

Sberbank keen on India infra projects

Sberbank, Russia’s largest bank, is interested in partnership and participation in large-scale infrastructure projects in India.

time to read

1 min

December 03, 2025

Mint Mumbai

Yoodli raises $40 mn to build AI learning

Yoodli has raised $40 million in Series B funding led by WestBridge Capital, as the Seattle-based experiential learning platform strengthens its team and expands more aggressively into the enterprise market.

time to read

1 min

December 03, 2025

Mint Mumbai

Tata Comms acquires 51% stake in Commotion

Tata Communications has acquired a 51% stake in Commotion Inc., a leading AI-native enterprise SaaS platform with operations in US and India in a deal valued at ₹227 crore, as per a filing with the exchanges on Tuesday.

time to read

1 min

December 03, 2025

Mint Mumbai

Fireside raises $253 mn as Indian brands draw funds

Fireside Ventures has closed its fourth consumer-focused fund at $253 million with a more diverse base of investors, or limited partners (LPs), to continue backing early-stage startups in India, a top official at the investment firm said.

time to read

1 mins

December 03, 2025

Mint Mumbai

Ola rolls out non-AC rides pan-India

The new category creates significant opportunities for drivers, the firm said.

time to read

1 min

December 03, 2025

Listen

Translate

Share

-
+

Change font size