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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 US Ambassador meets Oil Minister Puri over expanding energy purchases 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
Dubai limits foreign flights until May 31, letters show, ...
2026-04-10 · via Economy News, Latest Economic News Today | The HinduBusinessLine

Dubai ​has restricted foreign airlines to just one daily flight to its airports until May 31 due to the Iran ‌crisis, igniting revenue loss fears among Indian carriers that had planned more flights ​than airlines from any other country, letters show.

The Federation of Indian Airlines (FIA), which represents ⁠top carriers IndiGo, Air India and SpiceJet, has asked India to push Dubai authorities to lift the curbs and, failing that, to consider reciprocal measures on Dubai carriers including Emirates and flydubai, according to a letter it sent to the ‌Indian government on March 31. Indian carriers are already under financial pressure from higher fuel prices and longer routings to Western destinations because they have been banned from using ‌Pakistani airspace since last year following military tensions between the two neighbours. In a private email to ‌airlines ⁠on March 27, seen by Reuters, Dubai Airports said carriers would be allowed ⁠one round trip per day to Dubai International Airport (DXB), normally the world’s busiest international travel hub, and the smaller Al Maktoum International Airport (DWC) during the summer season between April 20 and May 31, extending restrictions implemented after the war began.

“Carriers continue to be ​limited to one rotation per day, until capacity ‌allows more to be facilitated ... Additional slots will be allocated if capacity is available,” it said. The FIA told the Indian government the curbs were not being applied to Dubai’s airlines such as Emirates and flydubai, creating an uneven playing field that could lead to “substantial” revenue losses.

Dubai Airports ‌and Dubai’s media office did not respond to repeated requests for comment. Flydubai said its ​flight schedules were approved by the relevant authorities. Emirates did not respond to a request for comment.

The measures come after Emirates and other Gulf airlines have long complained ⁠about India’s bilateral air service agreements that cap the number of seats that can be deployed between countries. Indian authorities have said such pacts protect Indian airlines in the cutthroat market.

INDIAN CARRIERS HARDEST HIT BY ‌CAPS

India was the largest source of passengers for DXB in 2025, with 11.9 million travellers passing through the hub.

The Dubai caps will hit Indian airlines the hardest, according to April and May schedules data from Cirium.

Air India and its budget carrier Air India Express have scheduled more than 750 flights into DXB in that period. IndiGo has 481, followed by Saudia and Gulf Air, which planned for 480 and 404, respectively. India’s SpiceJet had planned 61. The one-flight-per-day cap would mean 30 or 31 ‌per month for each foreign airline, versus the hundreds of daily flights being flown by Emirates and flydubai according to Flightradar24 ​data.

IndiGo told Reuters in a statement that the Middle East crisis and the new Dubai extended restrictions “significantly constrained” its operations as it had an approved summer schedule of 15 ⁠daily flights from India to Dubai.

“As a result, a significant portion of IndiGo’s capacity and aircraft time ⁠is currently underutilized,” IndiGo said in its first comments on the crisis.

Air India, SpiceJet and Indian authorities did not respond to requests for comment. Other major airlines such as Lufthansa, Singapore Airlines, ‌and British Airways had far fewer flights to Dubai than Indian carriers before the crisis began and have cancelled all flights to the city until at least May 31. They are instead ​adding more non-stop Asia-Europe flights to take advantage of strong passenger demand that has pushed up prices.

Published on April 10, 2026