India Increases Air Seat Capacity to Kuwait for First Time Since 2006
India has signed an agreement with Kuwait to increase the flying rights between the two countries by 50%, a move that has come after over 18 years since the last hike in 2006. With this, airlines will collectively be able to fly up to 18,000 seats each side per week between the two nations instead of the previous 12,000 seats.
The India-Kuwait route has been operating at full capacity for years, as airlines such as Air India Express, IndiGo, Akasa Air, Jazeera Airways, and Kuwait Airways operate about 40 flights a day on the route.
Kuwait has been seeking more flying rights to India for a long time. According to the Embassy of India in Kuwait, around 1 million Indian diaspora were settled in the Gulf country as of 2023. Indians form the largest expatriate population in Kuwait, accounting for 21% of the country's total population and 30% of its total workforce.
The Fight for Bilaterals: Airlines across the Middle East, including those from Kuwait, have been seeking more bilateral rights from India. The issue came up as recently as June when Emirates President Tim Clark criticized India's aviation policy, calling its tight bilateral air service agreements with countries like the UAE 'not compatible' with its ambition to become an international aviation hub. He argued that open access is the foundation of any hub airport.
In an interview with Skift, Emirates Deputy President Adnan Kazim said that India needed more capacity from the entire aviation sector. 'India is growing — population, economy, wealth, and even the number of Indians living abroad. They all need accessibility. They all need to be connected.'
Last June, Air India CEO Campbell Wilson said the airline's plans to invest in new aircraft would
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
6 minutes ago
- Bloomberg
Investor Optimism Wanes as Few Nifty Companies Surpass Earnings Estimates
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Indian equities look set for a firm open this morning, with Nifty futures and most Asian markets in the green. But the real action will be in the quarterly earnings, with big names like Infosys, Tata Consumer, and Dr Reddy's reporting their numbers. So far,the earnings season has been a bit underwhelming, which is keeping equity bulls cautious.
Yahoo
an hour ago
- Yahoo
$18 Trillion or Total Nonsense? The Oil Demand Divide
The world needs $18.2 trillion in new oil and gas investments in the period until 2050 in order to secure a sufficient supply. This is what OPEC warned in the 2025 edition of its World Oil Outlook. Yet the International Energy Agency continues to believe oil demand growth is going to peak before 2030, suggesting there is no such need for investments. Are both talking up their respective book? According to OPEC, global oil demand will reach 123 million barrels daily in 2050. That would be up from a projected 105 million barrels daily this year, per OPEC, or 104.4 million barrels daily per the International Energy Agency. According to the IEA, oil demand is already plateauing in certain parts of the world, most notably in China, which has been the biggest driver of demand growth for about three decades now. Yet, electric car penetration and alternatives to diesel trucks are sapping this demand growth, on course to bring peak oil demand to China. India has emerged as the next China in terms of oil demand growth. Yet India is still a much smaller oil consumer than China, and it is unclear whether it will ever catch up to China in terms of absolute numbers. For context, China's average daily consumption rate in 2023 was 16.4 million bpd, compared with 5.3 million bpd for India, per data from the U.S. Energy Information is worth noting, too, that India is, like China, highly motivated to diversify away from oil because of its heavy reliance on imports and, consequently, international prices. That is why India has some of the most ambitious energy transition plans. It's about energy supply security as much as it is about emissions, if not more. The rate of global demand growth, then, remains rather uncertain, especially as Chinese EV makers take to international markets to sell their products at much lower prices than local manufacturers in, for example, Europe. Affordability is a big problem for most car buyers. Remove that problem, and EV penetration may well increase, affecting crude oil demand. So, it's time to turn to natural gas, which is also a hydrocarbon, which was once called a bridge fuel to a net-zero economy and then promptly demonized as even dirtier than coal and bundled with oil and coal as inadmissible in a low-carbon system of human civilization. Global electricity demand is set for a prolonged surge amid a heating up race in the IT sector to out-develop everyone else's artificial intelligence programs. AI is all the rage, and it consumes massive amounts of electricity. Despite hopes and dreams of this electricity being supplied from wind and solar installations, Big Tech is hunting deals for long-term electricity supply from nuclear and gas-fired generators. It would be a safe bet to make that they would not refuse coal generation, either, if it comes to that. So, oil demand growth may be slowing on a global level but, first, it has yet to peak and it might take longer than the IEA believes, and second, even a peak would not mean a consequent sharp drop. As for natural gas demand, that is going to grow and grow quite strongly—unless Big Tech suddenly decides to drop its AI race ambitions. Even in the absence of such ambitions, the world's electrification, per transition plans, would mean a steady increase in demand, especially for reliable, round-the-clock energy supply. As for OPEC and IEA, and talking up one's book, U.S. Energy Secretary Chris Wright recently said the U.S. may pull out of the IEA due to its biased demand projections, which Wright called 'total nonsense'. By Irina Slav for More Top Reads From this article on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Sixth Street Welcomes Stuart Wrigley to Expand Firm's Presence in Asia Pacific
Establishes new Singapore office to deepen local relationships and expand investment capabilities SAN FRANCISCO & SINGAPORE, July 23, 2025--(BUSINESS WIRE)--Sixth Street, a leading global investment firm, today announced the appointment of Stuart Wrigley as Partner, Head of Sixth Street Asia Pacific and Head of Capital Formation and Strategy International. Wrigley will also lead the firm's new Singapore office, which is expected to open in October 2025. In this newly created role, Wrigley will be responsible for leading the expansion of Sixth Street's client franchise across Asia Pacific, Europe and the Middle East. His mandate will focus on deepening relationships with existing investors, while leading new capital formation activity, strategic partnerships and the expansion of the firm's investment capabilities in Asia Pacific. Sixth Street has built a longstanding track record in Asia Pacific, having invested in the region for more than a decade, including AirTrunk and ESR Group Limited. "Stuart brings the depth of experience and expertise to accelerate our activity internationally," said Sixth Street Co-Founder and Chief Executive Officer Alan Waxman. "We've developed a close relationship with Stuart over the course of two decades. In that time, he has demonstrated his strength as a business builder and clear alignment with our values of entrepreneurship, integrity and teamwork. We believe that the unconstrained and thematic nature of our investment platform is well positioned to deliver investment excellence and serve our investors in these strategic regions. We are committed to Asia Pacific and look forward to further expanding our presence through the opening of our new office in Singapore." Wrigley joins Sixth Street following a 24-year tenure at Goldman Sachs, where he most recently served as Head of Client Solutions Group in Asia Pacific for Goldman Sachs Asset Management (GSAM). In this role, he supported GSAM's expansion across Asia Pacific and led a team focused on developing tailored investment strategies for institutional and wealth management clients in the region. "I have been consistently impressed with Sixth Street's culture, team and success in building a truly differentiated global investment firm," added Stuart Wrigley, Partner, Head of Sixth Street Asia Pacific and Head of Capital Formation and Strategy International at Sixth Street. "Having spent 18 years in Asia Pacific and the Middle East, I believe that Sixth Street's flexible, long-term capital has a unique opportunity to further support great companies in these regions and, most importantly, serve our investors." About Sixth Street Sixth Street is a global investment firm with over $115 billion in assets under management and committed capital. The firm uses its long-term flexible capital, data-enabled capabilities, and "One Team" culture to develop themes and offer solutions to companies across all stages of growth. Founded in 2009, Sixth Street has more than 650 team members including over 280 investment professionals around the world. For more information, visit and follow Sixth Street on LinkedIn. View source version on Contacts Media Contact:media@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
