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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
Aviation sector grapples with financial stress amid West ...
By ANI · 2026-06-13 · via Economy News, Latest Economic News Today | The HinduBusinessLine

While flight operations in the Middle East are currently categorised as nominal, the ongoing West Asia crisis continues to exert significant pressure on the aviation industry, according to official sources. The conflict has resulted in a substantial impact on the aviation sector, leading to several operational challenges.

Airlines have been forced to reduce and cancel a significant number of flights, which is generating considerable financial stress. To mitigate these losses, carriers have requested that member states allocate the maximum possible number of flight slots. According to the sources, several flights have been reduced and cancelled, which is causing financial stress to airlines.

They have requested member states to allocate the maximum possible slots.Indian airlines are getting slots there, but it is yet to reach pre-war levels. We are still far from that, said the sources. "Ministry of External Affairs continues to closely monitor the developments in the Gulf and West Asia region. Our efforts are focused on ensuring the safety and welfare of the Indian community in the region. We are in constant touch with the state governments and union territories to share information and to coordinate our efforts. Our embassies and consulates across the region are on alert and are proactively assisting our community. They are operating round-the-clock helplines to provide timely assistance to Indian nationals. They are also in close touch with the local governments," he said.

Mahajan also said that advisories are being issued, including information related to local government guidelines, flight and travel situation, consular services and the various measures being undertaken for the community. "Advisories are being issued, including information related to local government guidelines, flight and travel situation, consular services and the various measures being undertaken for the community. Our missions are actively engaged with the resident Indian community.

They are regularly interacting with the Indian community associations, organisations, professional groups and Indian companies to address their concerns. Welfare of the Indian seafarers in the region is of high priority for us. Our missions are extending all assistance to them, including coordination with the local authorities and agencies, extending consular assistance and assisting with requests to return to India," he said.

Published on June 13, 2026