Monday, August 10
Mumbai: Regional airline Fly91 is aiming for operating break-even in the next financial year, said a senior executive.The carrier reported a net loss of ₹67.6 crore on operating revenue of ₹127.4 crore in FY25, its first full financial year of operations, showed regulatory filings reviewed by ET.Fly91 would strive to improve its operational performance through fleet expansion, better aircraft utilisation, and addition of new routes, said Manoj Chacko, chief executive officer and managing director of Fly91."The focus will shift to the next phase of growth, anchored in a measured growth approach, with plans to induct six additional aircraft and expand the network by adding new regional destinations as we continue to scale operations and deepen our regional footprint," said Chacko.Total o
The world order is changing but not enduring a rupture, finance leaders said on Friday, pushing back on Canadian Prime Minister Mark Carney's narrative that a new order, driven by major power coercion, was taking shape. In his speech at Davos, Carney called on nations to accept that a rules-based global order was over and great powers were abandoning even the pretence of following international agreements. Quoting ancient Greek historian Thucydides, Carney said the world was entering a period in which "the strong can do what they can and the weak must suffer what they must". "I'm not exactly on the same page as Mark," European Central Bank President Christine Lagarde told the World Economic Forum in Davos, just days after Carney's appearance. "I'm not sure that we should be
