SpiceJet Flight Collides With Akasa Air Plane at Delhi's IGI Airport A SpiceJet aircraft collided with an Akasa Air plane at Delhi's Indira Gandhi International (IGI) Airport on April 16, 2026, causing damage to both planes. The incident occurred while the SpiceJet B737-700 was taxiing at Terminal 1, according to the Directorate General of Civil Aviation (DGCA). The SpiceJet plane’s right winglet sustained damage, while the Akasa Air flight QP 1406, which was stationary on the apron after pushback for its Delhi-Hyderabad route, had its left-hand horizontal stabilizer affected. Both airlines confirmed that all passengers and crew on the Akasa Air flight were safely evacuated. A spokesperson for Akasa Air stated that the aircraft was stationary when the collision occurred and that ground teams were arranging alternative flights to ensure passengers reached their destinations in Hyderabad. SpiceJet’s spokesperson noted that the incident involved a ground occurrence during taxiing, with the SpiceJet plane’s winglet making contact with the stationary Akasa Air aircraft. The DGCA initiated an investigation into the incident, citing details from the aviation authority’s statement. It described the collision as occurring when the SpiceJet B-737-700, registered as VT-SLB, was taxiing after operating flight SG-124 (Leh-Delhi) at Terminal 1. The Akasa Air B-737 aircraft, positioned on the apron for its Delhi-Hyderabad flight, was struck by the SpiceJet plane’s winglet, resulting in damage to both aircraft. The DGCA emphasized that the incident is under further scrutiny to determine its cause. This incident follows a similar collision in February 2026, when an IndiGo aircraft made wingtip contact with an Air India plane at Mumbai’s airport.#delhi #akasa_air #spicejet #dgca #indira_gandhi_international_airport
Crude Oil Prices Surge, Triggering 8% Drop in Airline, Tyre, and Paint Stocks Shares of airline, tyre, and paint companies fell by up to 8% on Monday as global crude oil prices surged past $110 per barrel, driven by escalating geopolitical tensions in West Asia. The sharp rise in oil prices triggered a broad sell-off in sectors heavily reliant on petroleum-based inputs. Among airlines, InterGlobe Aviation, which operates IndiGo, dropped 6.6%, while SpiceJet fell 5%. At 10:24 am, InterGlobe Aviation was trading at ₹4,114 per share, and SpiceJet was at ₹13.29. The sell-off extended to broader markets, with the Sensex and Nifty indices declining nearly 2,000 points and 666 points, respectively, marking a 2.7% drop. Paint companies also faced pressure, with Asian Paints losing 5%, Berger Paints falling 4.3%, and Indigo Paints slipping 5.6%. Tyre manufacturers recorded similar losses, including JK Tyre & Industries dropping 8.2%, Apollo Tyres falling 4.9%, Tolins Tyres declining 4.5%, and MRF losing 3%. The decline in these stocks followed a significant surge in global crude oil prices, which are a critical input cost for airlines, tyre makers, and paint producers. Analysts noted that airlines may attempt to offset rising fuel expenses by increasing fares. Brent crude reached its highest level since 2022, rising 28.9% to $119.5 per barrel, while West Texas Intermediate (WTI) climbed 24.7% to $113.4 per barrel. The recent spike in oil prices has been fueled by escalating tensions in the Middle East, particularly after the US and Israel launched attacks on Iran on March 1. This has raised fears of supply disruptions and higher inflation, unsettling global financial markets. Last week alone, US crude prices jumped 35%, and Brent crude rose 28%.#asian_paints #indigo_paints #interglobe_aviation #spicejet #berger_paints
