
Pakistan extends airspace closure for Indian airlines, aircraft by another month till August 24
Following the Pahalgam terror attack in April, as diplomatic relations between India and Pakistan deteriorated, Pakistan on April 24 shut its airspace to Indian aircraft and airlines for at least a month, banning them from overflying its airspace. On April 30, India, too, closed its airspace to Pakistani aircraft and airlines. Since then, both countries have been extending their airspace closures by issuing NOTAMs on a monthly basis. The two countries have only banned each other's airlines and aircraft from their respective airspaces, but they remain open for overflying for airlines and aircraft from other countries.
The new NOTAM issued by Pakistan is similar to the previous notices, except for the effective duration of airspace closure. Pakistan will keep its airspace closed to Indian airlines and aircraft, including military flights, till 5:29 India time on August 24.
With the Pakistani airspace not available to them, around 800 flights a week of Indian airlines are being impacted by longer durations, increased fuel burn, and a few other complexities related to crew and flight scheduling, all of which are increasing operational costs for the carriers. Indian airlines' flights from North India to West Asia, the Caucasus, Europe, the UK, and North America's eastern region switched from their routine paths to longer routes, adding anywhere between 15 minutes to a few hours to the journey, depending on the distance and the location of the destination.
All major Indian airlines operate international flights to destinations to the west of the country, and many of these flights were routinely overflying Pakistan. Air India operates flights to West Asia, Europe, the UK, and North America. IndiGo operated flights to West Asia, Turkey, the Caucasus, and Central Asia, but had to suspend flights to the Central Asian cities of Almaty and Tashkent from Delhi as they were now outside the operational range of its existing fleet of narrow-body aircraft. Air India Express, Akasa Air, and SpiceJet's west-bound international flights are to destinations in West Asia.
According to data from Cirium, an aviation analytics company, currently there are almost 400 weekly westward international departures from North Indian airports—Delhi, Amritsar, Jaipur, and Lucknow—that were routinely flying over Pakistan. Given that all these flights have return legs, the total number of affected flights goes up to around 800 from these airports. Of these, around 640 flights are from or to India's largest airport—Delhi's Indira Gandhi International airport—which is likely to be the most affected due to the move by Pakistan. Additionally, a handful of ultra-long-haul flights from other Indian cities like Mumbai are also getting impacted as their flight paths used to go through the Pakistani airspace.
For Pakistan, the impact of India's airspace closure has been rather insignificant because, unlike India's booming aviation sector, Pakistan's struggling flag carrier, Pakistan International Airlines (PIA), has a limited international footprint, and that too largely to the west of the country. According to airline schedule data from Cirium, PIA operates just six flights a week — to and from Kuala Lumpur in Malaysia, from Lahore and Islamabad — that were routinely flying over India.
Flight tracking data shows that some of Air India's ultra-long-haul flights to and from North America have had to take technical halts — planned stops for refueling or crew change — at European airports like Copenhagen and Vienna, breaking the journey of the otherwise non-stop flights. The last time when Pakistan closed its airspace for an extended period—in 2019 following the Balakot airstrikes by the Indian Air Force—some of Air India's flights to North America had to take technical halts midway on a regular basis.
When Pakistan closed its airspace for over four months in 2019, Indian airlines are estimated to have lost around Rs 700 crore due to higher fuel expenses and operational complications that came with longer routes many of their flights were forced to take. Air India was the worst affected Indian carrier at the time, as it operated more west-bound international flights than other airlines.
Moreover, it was and continues to be the only Indian airline that operates long-haul and ultra-long-haul flights to Europe and North America. Air India, now a Tata group entity, is understood to have informed the government that the Pakistani airspace closure is estimated to cost the airline around $600 million on an annualised basis. Over the past few years, other Indian airlines — particularly IndiGo — have also expanded their international networks to include various destinations that can be served by their existing fleets that mainly comprises narrow-body jets. IndiGo is the only Indian airline that was flying to destinations in Central Asia, the Caucasus, and Turkey.
Sukalp Sharma is a Senior Assistant Editor with The Indian Express and writes on a host of subjects and sectors, notably energy and aviation. He has over 13 years of experience in journalism with a body of work spanning areas like politics, development, equity markets, corporates, trade, and economic policy. He considers himself an above-average photographer, which goes well with his love for travel. ... Read More
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
15 minutes ago
- Economic Times
Nifty just in pause mode, all-time high possible before Diwali: Rahul Ghose
Markets extended their losing streak for the third consecutive week, with investor sentiment remaining subdued due to a lackluster start to the earnings season and ongoing uncertainty surrounding the US-India trade to the previous week, the benchmark indices showed some strength during the initial three sessions. However, the mood shifted in the latter half, leading both the Nifty and Sensex to end near their weekly lows at 24,968.40 and 81,757.73, respectively. Analyst Rahul Ghose, Founder and CEO, Octanom Tech and interacted with ET Markets regarding the outlook on Nifty and Bank Nifty for the upcoming week. Following are the edited excerpts from his chat: How are you reading the markets right now? Right now, Indian markets are taking a much-needed breather. After a strong run earlier in the year, we've hit a consolidation phase—Nifty and Sensex have been under pressure for a few weeks in a row. There's definitely a sense of caution out there, partly because of mixed global signals and Q1 earnings being in focus. I'd say investors are taking stock and waiting to see which way the wind blows before making big moves. Make no mistake though, that the August month is going to see some big moves in the market in either direction. Are there any global factors that you see that can affect our markets?Definitely—global cues are a big part of the story at the moment. First, persistent FII outflows are weighing on sentiment; foreign investors are pulling back as US rates stay higher for longer, making developed markets a bit more attractive than emerging ones like India for we can't ignore geopolitical tensions and how they've pushed up crude oil prices. Since India is a big importer, that's an immediate worry for both inflation and the rupee. And then there's the recent wave of trade protectionism—we've seen new tariffs and measures from the US and EU, which isn't great news for Indian exporters. All in all, the external environment is a bit choppy. What's your take on the broader Nifty trend, with the index ending lower for the third straight week? The Nifty's certainly feeling the heat after its blistering rally earlier in the year. If you look at the charts, the index is at an inflection point: there's firm resistance at the 25,300 mark and support near the 24500-24800 band. For now, it looks like a consolidation phase, not a reversal. The long-term bullish story remains intact, and I would stick my neck out and say that before Diwali, we might see the Nifty move to all-time high levels; it's just the near term that can see volatile moves. Bank Nifty seemed stronger—how does it look now? Bank Nifty has been the surprising pocket of strength—it's held up better than broader indices so far and has been attracting buyers on dips. Right now, though, it's also showing signs of consolidation. Financial stocks are in a wait-and-watch mode with Q1 results coming in. I'd say Bank Nifty is still on a stronger footing, especially compared to sectors facing margin or demand pressures. Any specific strategies for Nifty and Bank Nifty traders? For Nifty, my advice would be to watch for confirmed breakouts or breakdowns and avoid getting caught in the chop. If we break above 25,255 decisively, there could be quick upside—but keep tight stop-losses at 25,000, as volatility remains Bank Nifty, buying on dips near 56,800–57,000 seems sensible, since the index is drawing buying interest at those levels. But be nimble; set clear exit points because sentiment can change quickly if results underwhelm. FIIs remain net sellers. What do you make of this, and how dependent is the market on FIIs now? Yes, FII outflows are back in focus—over Rs 90,000 crore has left Indian equities this year, and July alone saw a sharp exodus. This is really about global risk-reward equations changing, not anything fundamentally wrong with India. Higher US yields and stretched valuations here mean foreign money is seeking other said, India isn't as dependent on foreign flows as it once was. Domestic investors—both institutional and retail—are much more active and have been buyers on every dip. So, while FIIs can amplify short-term moves, domestic participation is giving our market a lot more resilience. Where did you see a long buildup? What do you recommend among those stocks? We're seeing long positions being built in names like Tata Consumer, Tata Steel, Hindalco, Trent, and M&M—sectors where earnings visibility is strong and thematic tailwinds exist. Out of these, I particularly like Tata Consumer and Trent for accumulation; both have good momentum and structural growth stories. And what about shorting opportunities? Short buildups have shown up in Tech Mahindra, IndusInd Bank, Infosys, SBI Life, and Wipro—mainly IT and a few financials hurt by guidance trims and margin pressure. These could be tactical short candidates, but my advice is to stay nimble here, as oversold bounces are also likely. Let's also discuss Q1 earnings. How has the season turned out so far? Q1 numbers are a bit of a mixed bag. The headline Nifty 50 net profit growth—over 33% YoY—is impressive, but most of that came from margin expansion in consumer and retail names, and a few standout quarters in metals. IT and some global cyclicals have been softer, which is why the market tone is more cautious. What's your view on RIL and Axis Bank after Q1 results? Reliance had a blockbuster quarter, driven by a huge jump in profits from telecom and retail. The Jio 5G rollout and robust retail segment are big positives. The Asian Paints stake sale also gave them a healthy one-off Bank delivered on the operating front, with stable core growth and healthy other income. While the headline profit was down YoY—mainly from base effect and some provisioning—the underlying business looks steady and the outlook remains constructive. How do you see HDFC Bank and ICICI Bank placed now? Both are in a strong spot, barring some short-term volatility. Their loan growth remains robust, digital initiatives are paying off, and asset quality is stable. They're both still 'core portfolio' names for most investors, and any meaningful corrections are likely to draw buyers quickly. Are any sectors outperforming? Yes, consumer durables have been a clear standout—profit growth has exploded, and demand trends look solid. Metals have rebounded thanks to commodity price cycles, and realty stocks are holding up well thanks to strong housing and telecom are also shining, with leaders consolidating market share and improving margins. Can you name any stocks within those sectors? In consumer durables, Titan and Voltas look good. Among metals, Tata Steel and Hindalco are my preferred picks. On the retail side, Trent and DMart are doing everything right, and in telecom, I like Reliance Jio and Bharti Airtel for steady subscriber and revenue growth. Technically too the chart patterns in these suggest buy on dips. Note: In case any specific security/securities are displayed in the responses as examples, these securities are quoted are for illustration only and are not recommendatory. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)


India.com
15 minutes ago
- India.com
Feeling Filmy? Here's How To Feel Like A Movie Star In Khandala Without Going Broke
Nestled in the lush green Western Ghats, Khandala, Maharashtra is a beautiful hill station that is famous for its scenic beauty, pleasant weather and peaceful atmosphere. While it's often seen as a luxurious retreat, it's entirely possible to experience the good life in Khandala on a budget. Here are some ways you can make the most out of your visit without going broke. 1. Travel Smart If you plan your trip well, getting to Khandala can be economical. It has good road connections and railway links. Trains are often cheaper than cars so opt for them when traveling to this place. The nearest train station is at Lonavala which is just a couple of kilometers away . From this point you can take a shared auto-rickshaw or bus to Khandala. Booking tickets ahead of time also saves money. 2. Affordable Accommodation Khandala offers various cheap accommodation options which you can consider such as guesthouses, budget hotels or homestays rather than luxury resorts where one spends more money for less comfort. Websites like Airbnb and usually have good deals for budget accommodations. Alternatively, stay at nearby Lonavala where you might find even cheaper places. 3. Savor Local Delicacies You don't have to spend much on meals when dining out in inexpensive Indian eateries serving delicious Maharashtrian cuisine rather than expensive local vendors who sell Vada Pav,Misal Pav and Bhaji among available are small cafes selling tasty snacks and beverages without costing too much. 4. Explore Nature's Beauty for Free Khandala has amazing landscapes that one can enjoy without having to pay yourself amidst beautiful sightseeing spots throughout the day along the trekking trails and waterfalls. Here are some of the must-visit while you are in Khandala: Rajmachi Point: Inhales a stunning view of the Rajmachi Fort and surrounding valley. Tiger's Leap: A fascinating cliff-top view that resembles a tiger jumping into the valley. Karla and Bhaja Caves: Ancient historical Buddhist rock cut caves. Duke's Nose: A favorite trekking location famous for its distinct shape and panoramic views. 5. Leverage Public Transport Use public transport to move around Khandala. Instead of hiring a private taxi, go for auto-rickshaws, buses or shared taxis since they are readily available and much cheaper when compared to their counterparts. If comfortable, consider renting out bicycles to explore this town at your own pace as well as saving some money spent on transportation. 6. Engage in Free Activities Khandala offers many activities that don't cost anything. Take a walk through peaceful woods, have picnics near waterfalls or simply sit back and enjoy the serene atmosphere in the hills. Picture lovers may capture the beautiful landscapes with no penny being spent. 7. Visit During the Off-Season To save more money, plan your trip during off peak periods which is usually from March to June and hotels charge less during these times as well as other travel costs will be low thus one can avoid crowds making it more peaceful experience for them 8. Shopping on a Budget Wanna take souvenirs home? Do not go into the costly shops, instead visit local markets. A better place to buy budget-friendly stuff like traditional Indian sweets known as chikki, handcrafted items and other specialties is Lonavala Bazaar. Don't hesitate bargaining for the price. 9. Pack Wisely Ensure you carry all necessities to avoid unnecessary expenses. Include casual clothes and footwear that will support hiking as well as any drugs you may need to have with you in your luggage. Moreover, having a reusable water bottle can save you money and contribute to lessening plastic pollution. 10. Plan Your Itinerary A properly scheduled trip plan can help one make his/her vacation enjoyable without adding extra costs. Prioritize those attractions which are free or low costing and then plan your days accordingly so that there are no last minute expenses incurred. There are a few suggestions here that could help you explore Khandala with minimum strain on your wallet; be it trying local tastes, finding out wonders of nature or just feeling the serene atmosphere – this locality has it all for the best holiday of your life!


India.com
15 minutes ago
- India.com
Meet brothers who are buying famous luggage brand from Mukesh Ambani's relative, once sold their company to Ratan Tata, now planning to…, they are…
Famous Indian businessman Dilip Piramal is set to sell his company, VIP Industries, the famous luggage brand. It has been known for a while that he wanted to sell his business. But it was not clear who was going to buy it. However, that mystery has now been solved, as the names of the buyers have come to light. First, let's talk about the chairman, Dilip G Piramal. He is a Commerce graduate and an experienced industrialist who has pioneered the luggage industry in India. He has an experience of more than 50 years in the luggage industry. Established in 1968, VIP Industries Limited is amongst the World's leading manufacturers and retailers of luggage, backpacks, and handbags and an established leader in the organised luggage market in India. Dilip Piramal stated that his family's younger generation has no interest in running the business. This statement came soon after the company announced it would sell a 32% stake to a group of private equity investors and others, signaling a fundamental reorganization of the family-owned luggage company. While speaking to NDTV Profit, Piramal stated,' We are a family-owned business, and the next generation is not very keen on running it.' This group of buyers involves several private equity funds, as well as individual investors, including Mithun Padma Sacheti and Siddharth Sacheti. It is noteworthy that Mithun and Siddharth Sacheti are individual shareholders of VIP Industries. So, who are these Sacheti brothers? What do the new owners of VIP Industries precisely do? Mithun and Siddharth Sacheti are the sons and Padam Sacheti's sons of Jaipur Gems. Notably, Mithun Sacheti was the founder of the leading popular jewellery brand called CaratLane, which he subsequently sold to Titan, a Tata Group company. Mithun Sacheti started CaratLane in 2016, and after 8 years, the Tata Group acquired this jewellery business. Currently, Mithun Sacheti is an Independent Director at Metro Brands, and Siddharth Sacheti is running the family business, Jaipur Gems. They also have stakes in several other companies, including the well-known Nazara Technologies. So why Dilip Piramal is selling the company? Dilip Piramal, the founder of VIP Industries, is selling the company after 57 years largely because the next generation in his family is not interested in carrying on the business with him and also the company has been underperforming in the last five years. Dilip Piramal has two daughters, Radhika and Aparna, and he told me that neither one is interested in carrying on with the business.