ONEWEB, the low earth orbit satellite communications company, has collaborated with the Indian Space Research Organisation (ISRO) to complete its satellite launch programme.
The London-based company was forced to look for alternatives after it broke with Russian space agency Roscosmos in March this year as Moscow invaded Ukraine. But it later announced that it entered into an agreement with SpaceX to resume satellite launches.
OneWeb’s launch contract with ISRO’s commercial arm New Space India Limited supplements its agreement with the American firm founded by billionaire Elon Musk.
Indian conglomerate Bharti Global is the largest shareholder in OneWeb in which the UK government also holds a stake.
Its first launch with New Space India is expected in 2022 from the Satish Dhawan Space Centre in Sriharikota.
According to the company, the launches will add to its total in-orbit constellation of 428 satellites, 66 per cent of the planned fleet, to build a global network that will deliver high-speed, low-latency connectivity.
Its executive chairman Sunil Bharti Mittal said, “This is yet another historic day for collaboration in space, thanks to the shared ambition and vision of New Space India and OneWeb. This most recent agreement on launch plans adds considerable momentum to the development of OneWeb’s network, as we work together across the space industry toward our common goal of connecting communities globally."
OneWeb has already activated service with its network “at the 50th parallel and above”, as demand for the company’s broadband connectivity services continues to grow from multiple sectors and markets, it said in a statement on Wednesday (20).
However, it said other terms of the agreement with New Space India are confidential.
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FILE PHOTO: Passengers stand in a queue before entering the Chhatrapati Shivaji Maharaj International Airport in Mumbai. (Photo by SUJIT JAISWAL/AFP via Getty Images)
Pakistan airspace curbs push up costs for Indian airlines
Apr 25, 2025
TOP Indian airlines Air India and IndiGo are bracing for higher fuel costs and longer journey times as they reroute international flights after Pakistan shut its airspace to them amid escalating tensions over a deadly militant attack in Kashmir.
India has said there were Pakistani elements in Tuesday's (22) attack in which gunmen shot and killed 26 men in a meadow in the Pahalgam area of Indian Kashmir. Pakistan has denied any involvement.
The nuclear-armed neighbours have unleashed a raft of measures against each other in response, with India keeping a critical river water-sharing treaty in abeyance and Pakistan closing its airspace to Indian airlines.
International airlines are not affected by the ban.
The impact of the airspace closure was visible starting late on Thursday (24), as Air India and IndiGo began to reroute flights to New York, Azerbaijan and Dubai - all of which typically use Pakistan airpsace, according to data from tracking website Flightradar24.
The worst impacted airport will be New Delhi, one of the world's busiest, from where flights cross Pakistani airspace to fly to destinations in the West and the Middle East. Data from Cirium Ascend showed IndiGo, Air India and its budget unit Air India Express have roughly 1,200 flights combined from New Delhi scheduled for Europe, the Middle East and North America in April.
Air India's flights to the Middle East from New Delhi will now be forced to fly roughly an hour extra, which means higher fuel costs and less cargo to accommodate the extra fuel, said an Indian aviation industry executive, who declined to be identified.
IndiGo said on Friday (25) "a few" of its flights will be impacted, while Air India said on X that some "flights to or from North America, UK, Europe, and Middle East will take an alternative extended route."
"Air India is currently the most affected with the largest long- and ultra-long haul network out of Delhi," said Ajay Awtaney, founder of aviation-focused website LiveFromALounge.
The airspace closure is the latest headache for the Indian airline industry, with expansion plans already complicated by jet delivery delays from Boeing and Airbus. Aircraft fuel and oil costs usually make up for about 30 per cent of an airline's operating costs, by far the biggest component.
One Indian airline pilot said the move will disrupt schedules, but also force airlines to redo their calculations of flying hours in relation to regulations, and adjust their crew and pilot rosters accordingly.
Another executive at an Indian airline said the carrier was scrambling to assess the impact with some employees working late into the night on Thursday.
Both spoke on condition of anonymity as they were not authorised to brief media.
IndiGo flight 6E1803 from New Delhi to Baku on Thursday took 5 hours and 43 minutes via a longer route that involved going southwest to India's Gujarat state and then over the Arabian Sea, before swinging back north over Iran to Azerbaijan, FlightAware data showed. The same flight, through Pakistan airspace, took 5 hours 5 minutes on Wednesday (23).
Pakistan has said the ban will be in place until May 23.
In 2019, India's government said that the closure of Pakistan airspace for about five months during tensions between the neighbours at that time caused a loss of at least $64 million (£51.2m) to Air India, IndiGo and other airlines.
(Reuters)
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Air India CEO Campbell Wilson steps down as Air India Express chair
Apr 24, 2025
AIR INDIA CEO Campbell Wilson is stepping down as chair of Air India Express, the airline’s low-cost subsidiary. He will be replaced by Nipun Aggarwal, Air India’s chief commercial officer, according to an internal memo sent on Tuesday.
Wilson will also step down from the board of Air India Express. Basil Kwauk, Air India’s chief operating officer, will take his place.
Both Aggarwal and Kwauk will continue in their current roles at Air India, the memo showed.
The leadership changes come as Air India continues its multi-billion dollar restructuring under the Tata Group, which took over the airline two years ago.
As part of the turnaround strategy, the group has consolidated four airlines into two brands — full-service Air India and low-cost Air India Express, which merged with AirAsia India last year.
"With this structural work largely complete, the task at hand now to fully leverage and optimize the Group fleet, network, sales, distribution and loyalty assets," Wilson said in the memo seen by Reuters and confirmed by an Air India Express spokesperson.
Aggarwal joined Air India in January 2022 after playing a key role in the acquisition of the airline by the Tata Group.
Since then, he has overseen aircraft acquisition, financing, and strategy. Reuters reported last month that Air India is considering a large order for widebody aircraft.
Jet delivery delays have affected the airline’s restructuring plan. The delays have led Air India to operate older aircraft for longer than planned, increasing maintenance costs and affecting the pace of fleet renewal and expansion, even as demand for air travel continues to rise.
After Bloomberg News reported that China has told its airlines not to take further deliveries of Boeing aircraft amid ongoing trade tensions, a source told Reuters that Air India may be interested in acquiring aircraft that are rejected by China for use by its low-cost arm. The source said the situation remains fluid.
Air India and Boeing did not respond to requests for comment. Air India Express, which operates as a complementary service to its parent airline, declined to comment.
Air India Express currently has a fleet of over 100 aircraft, including 68 Boeing 737s and 36 Airbus A320s. It plans to add around 15 more aircraft in the current financial year, which began on April 1, with some planes coming from Air India.
(With inputs from Reuters)
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Tata-owned Air India is interested in purchasing jets that Chinese carriers can no longer accept (Photo credit: Air India)
Air India eyes Boeing jets rejected by Chinese airlines: report
Apr 24, 2025
AIR INDIA is seeking to acquire Boeing aircrafts originally destined for Chinese airlines, as escalating tariffs between Washington and Beijing disrupt planned deliveries, reported The Times.
The Tata-owned airline, currently working on its revival strategy, is interested in purchasing jets that Chinese carriers can no longer accept due to the recent trade dispute. According to reports, Tata is also keen to secure future delivery slots should they become available.
The opportunity arose after president Donald Trump increased US tariffs on Chinese imports to 145 per cent this month. In response, Beijing imposed retaliatory tariffs of up to 125 per cent on American-made goods and instructed Chinese airlines to refuse Boeing aircraft.
Industry sources believe Boeing's order book contains dozens of planes scheduled for delivery to Chinese customers. The trade tensions have already affected deliveries, with a Boeing 737 Max originally intended for China's Xiamen Airlines returning to Seattle on Sunday (20).
A second aircraft bound for a Chinese airline was also tracked heading back to the US on Monday (21), though it remains unclear which party initiated these returns.
Air India has previously taken delivery of 41 Boeing 737 Max jets that were initially built for Chinese carriers. The airline is particularly interested in acquiring more narrowbody aircraft for Air India Express, its low-cost subsidiary that competes with India's market leader, IndiGo.
The Chinese government is reportedly exploring options to support airlines that lease Boeing jets and now face higher costs.
Malaysia Aviation Group has also reportedly entered discussions with Boeing regarding delivery slots abandoned by Chinese carriers.
While interest from non-Chinese airlines might temporarily ease pressure on Boeing, one of America's highest-profile exporters, complications remain for potential buyers. Many aircraft have cabin configurations already set by the original customers, and partial payments may have been made.
Meanwhile, the ongoing trade friction between the US and China has created an advantage for European manufacturer Airbus in the Chinese market. In the longer term, these geopolitical tensions threaten to exclude Boeing from one of the world's largest aircraft markets.
When approached for comment, representatives from both Air India and Boeing declined to respond.
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The IT service firm said its revenue would either stay flat or grow by up to three per cent
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Infosys forecasts lower annual growth after Trump tariffs cause global uncertainty
Apr 24, 2025
INDIAN tech giant Infosys forecast muted annual revenue growth last Thursday (17) in an outlook that suggests clients might curtail tech spending because of growing global uncertainty.
The IT service firm said its revenue would either stay flat or grow by up to three per cent in the fiscal year through March 2026 on a constant currency basis. The sales forecast was lower than the 4.2 per cent constantcurrency revenue growth Infosys recorded in the previous financial year.
As India’s second-largest software services exporter, Infosys earns more than 80 per cent of its revenue from Western markets. Like many of its rivals, it had anticipated a revival in demand in 2025 after a growth slowdown for most of 2024. However, lingering weakness in client spending and US president Donald Trump’s trade policies have clouded the IT sector’s growth outlook.
Chief executive Salil Parekh said the environment was “uncertain” and Infosys would execute its plans with “agility”, while keeping a “close watch on changes”.
Infosys also reported its March quarter results last Thursday, posting an 11.75 per cent yearon-year drop in net profit to `70.3 billion ($823.5 million/£615.7m).
The company’s revenue for the three months ended March 31 rose 7.9 per cent to `409.25bn.
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For many retailers, this has meant closing stores, cutting jobs, and focusing on more profitable business segments
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6 UK retailers facing major store closures in 2025
Apr 23, 2025
In 2025, several UK retailers are experiencing major store closures as they struggle to navigate financial pressures, rising operational costs, and changing consumer behaviours. These closures reflect the ongoing challenges faced by traditional brick-and-mortar stores in an increasingly digital world. While some closures are part of larger restructuring efforts, others have been driven by financial instability or market shifts that have forced retailers to rethink their business strategies. Let’s take a closer look at six major UK retailers affected by these trends.
1. Morrisons
Morrisons, one of the UK's largest supermarket chains, is undergoing a significant restructuring in 2025. The company has announced the closure of several in-store services, including 52 cafés, 18 Market Kitchens, 17 convenience stores, and various other departments. This move is part of a larger strategy to streamline operations and address rising costs. Morrisons’ parent company, CD&R, has been focusing on reducing overheads and refocusing on core services.
The closure of these stores and departments follows several rounds of cost-cutting initiatives and staff redundancies aimed at improving operational efficiency. The supermarket chain’s decision to close some of its non-core departments reflects the ongoing pressure to cut costs and adapt to a rapidly changing retail environment. With inflation continuing to impact consumer spending habits, Morrisons is making these strategic adjustments to ensure the long-term sustainability of the business.
2. Sainsbury’s
Sainsbury’s, one of the largest supermarket retailers in the UK, is also facing a significant number of closures due to financial challenges. In 2025, the company announced the closure of multiple hot food counters and cafés across its stores. This decision has resulted in the loss of 3,000 jobs, as the retailer continues to restructure its operations in response to rising labour and operational costs. The closures are part of a wider effort to streamline Sainsbury’s business model and refocus on its core supermarket operations.
Sainsbury’s has made it clear that this decision is driven by a need to prioritise cost-effective solutions, especially with the increasing pressure from inflation and higher staff wages. By consolidating operations and shifting its focus to essential retail functions, the company hopes to remain competitive in a highly challenging market. The closures are a reminder of the harsh realities that UK retailers face as they adapt to a rapidly changing retail landscape.
3. Marks & Spencer
Marks & Spencer has been actively restructuring its store network in 2025, closing a number of locations and refocusing on more profitable outlets. One of the most significant closures has been in Leeds, where the retailer shut down its iconic city centre store. As part of its efforts to consolidate operations, M&S has also been shifting towards smaller food-only stores, as the company looks to modernise its retail strategy and adapt to shifting consumer preferences.
Marks & Spencer’s decision to close stores is part of a wider trend in which many retailers are consolidating their store footprints and focusing on the locations that generate the most profit. With increasing pressure from the rise of e-commerce and changing consumer shopping habits, M&S is aiming to ensure that its store network remains sustainable in the long term. Despite the closures, M&S continues to invest heavily in its online operations, which have proven to be more profitable and resilient in the face of current economic conditions.
4. Wilko
In 2023, Wilko, a long-established homeware retailer, entered administration and was forced to close all 400 of its stores across the UK. The company had been struggling for years due to declining sales, changing shopping habits, and increased competition from discount retailers. Attempts to find a buyer for the business were unsuccessful, and the retailer ultimately shut its doors, leading to the loss of thousands of jobs.
Wilko’s closure was a stark reminder of how financial instability and failure to adapt to changing market conditions can spell the end for even the most established brands. The company’s inability to innovate and its reliance on an outdated business model contributed to its downfall. While the closure marked the end of a long era for the retailer, it also serves as a cautionary tale for other companies struggling to stay afloat in the modern retail environment.
5. Debenhams
Debenhams, a household name in UK retail for over 240 years, shut down its entire store network in 2021. The decision to close all 124 stores was made after the company failed to secure a viable future, following its decline in sales and a growing preference for online shopping. In the wake of the closures, Debenhams has shifted its focus to an online-only model, continuing to operate in international markets such as the Middle East.
The demise of Debenhams highlights the challenges faced by traditional department stores, many of which have struggled to adapt to the shift towards online shopping. Despite attempts to revitalise its brand and business strategy, the retailer couldn’t overcome the combined pressures of changing consumer behaviour, increased online competition, and declining foot traffic in high streets and shopping centres.
6. House of Fraser
Once a thriving department store chain, House of Fraser has faced a series of store closures over the past few years as it attempts to adapt to a more challenging retail environment. Since 2018, the chain has reduced its number of stores from over 60 to just around 30, as part of an ongoing restructuring effort. While the brand remains active, it’s now primarily focused on premium retail offerings and its e-commerce platform.
The closures and the ongoing shift to an online model are a direct response to the increasing pressures of the retail landscape. With fewer shoppers visiting traditional department stores, House of Fraser has been forced to refocus its business strategy and streamline its operations to stay afloat.
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