Competition Commission of India has issued show-cause notice to Air India regarding the Air India-Vistara merger. Air India has 30 days period to respond to CCI show cause notice.

Go First has received approval from creditors for additional funding required by the grounded airline to restart operations.

Troubled low-cost aviation company GoFirst has asked for Rs 600 crore interim funding to resume operations.

Indian markets were trading lower during the Friday morning session with market breadth negative. NSE Nifty was down by almost 0.4 percent at 11 am after going as low as 18647.

Indigo Airlines stock was in focus after the company announced the biggest order for Airbus A230 planes.

Indigo has confirmed an order for 500 Airbus A230 planes. Indigo is the largest airline in India by market share.