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Conversion of lessor dues into equity spices up SpiceJet counter at the bourses The shares ofe SpicJet on Tuesday got spiced up at the markets as it sought the shareholders nod to issue equity shares to aircraft lessors to convert their $2.81 crore outstanding dues. The company also sought the shareholders nod for issue of warrants to promoter group company Spice Healthcare Private Ltd. According to SpiceJet, the shareholders nod is sought to issue about 4.81 crore shares with a face value of Rs10 per share at a price of Rs 48 per share to the aircraft lessors and ...
Conversion of lessor dues into equity spices up SpiceJet counter at the bourses
Conversion of lessor dues into equity spices up SpiceJet counter at the bourses
Source: IANS
3/08/2023 10:25:00 AM
Interglobe Aviation Q1 net at Rs 3,087 crore, to invest in startups  Interglobe Aviation Ltd, that owns Indigo Airlines, on Wednesday announced that it will be floating a Limited Liability Partnership to invest in startups. The company also said it closed the first quarter of 2023-24 with a net profit of Rs 3,087.2 crore. In a regulatory filing, the company said the proposed Limited Liability Partnership will invest in startups operating in aviation, consumer and allied sectors such as travel & lifestyle, hospitality, and transportation and&nbs...
Interglobe Aviation Q1 net at Rs 3,087 crore, to invest in startups
Interglobe Aviation Q1 net at Rs 3,087 crore, to invest in startups
Source: Reuters
3/08/2023 9:34:55 AM
Post-pandemic travel boom has resulted in healthy yields for airlines Explaining the continuing financial choppiness afflicting the Indian carriers, an expert industry watcher blames it on multiple structural factors -- absence of a strong capital structure and low-cost infrastructure, the heavy taxation burden on aviation turbine fuel (ATF), and the fact that 60-70 per cent of costs are dollar denominated. In an interview with IANS, Jagannarayan Padmanabhan, Senior Director, Consulting, CRISIL Market Intelligence and Analytics, said the duopoly in the marke...
Post-pandemic travel boom has resulted in healthy yields for airlines
Post-pandemic travel boom has resulted in healthy yields for airlines
Source: IANS
9/07/2023 5:32:32 PM
Indian court allows Go First lessors to access aircraft for inspection An Indian court on Wednesday allowed leasing companies to access aircraft leased to Go First for inspection and maintenance, though they were still unable to repossess them while the airline's operations remain stalled. Lessors of Go First, which was granted bankruptcy protection on May 10, have made several attempts to reclaim planes for missed payments, filing over 50 requests with the watchdog to allow repossession. The lessors argue the airline has no rights over planes as the l...
Indian court allows Go First lessors to access aircraft for inspection
Indian court allows Go First lessors to access aircraft for inspection
Source: Reuters
5/07/2023 4:31:45 PM
Relief for Go Airlines as NCLAT upholds NCLT order  The National Company Law Appellate Tribunal (NCLAT) on Monday upheld the NCLT's order granting moratorium to the Wadia group's Go Airlines (India) Ltd. The NCLAT decided on the petitions filed by some lessors who had leased aircraft to Go Airlines. They had challenged the moratorium granted to Go Airlines by the NCLT. The lessors' contention was that the lease agreement with Go Airlines had ended before the NCLT admitted Go Airlines insolvency petition and hence, the a...
Relief for Go Airlines as NCLAT upholds NCLT order
Relief for Go Airlines as NCLAT upholds NCLT order
Source: IANS
23/05/2023 10:25:12 AM
Go Airlines got premium refund for grounded aircrafts With 50 per cent of its fleet grounded due to the problems with Pratt & Whitney engines, the Wadia group's low cost Go Airlines (India) got a portion of its aircraft hull insurance premium from its insurers, said a top official. The airlines' total fleet size is 54 aircraft, out of which 27 have been grounded for more than a year, Kaushik Khona, Chief Executive Officer, Go Airlines, told IANS. "Last year, we got a refund of the premium paid for covering the aircraft hul...
Go Airlines got premium refund for grounded aircrafts
Go Airlines got premium refund for grounded aircrafts
Source: IANS
8/05/2023 5:36:23 PM
Shoot and scoot policy by Go Airlines and Pratt & Whitney Shoot and scoot seems to be the communication policy being adopted by the two warring groups in the aviation sector - Indias Go Airlines (India) Ltd and the US aircraft engine maker Pratt & Whitney. Incidentally, Pratt & Whitney India is headed by Ashmita Sethi, who was earlier the Vice President Communications and Public Affairs, South Asia, for Rolls Royce and Director, Communications and Corporate Affairs at Boeing as per her LinkedIn page. In times of crisis, the principle t...
Shoot and scoot policy by Go Airlines and Pratt & Whitney
Shoot and scoot policy by Go Airlines and Pratt & Whitney
Source: IANS
6/05/2023 2:32:11 PM
India`s Go First Airways owes financial creditors $798 million - filing Indian airline Go First, which filed for bankruptcy on Tuesday, owes financial creditors 65.21 billion Indian rupees ($798 million), its bankruptcy filing showed. As of April 30, Go First Air had not defaulted on any of these dues, it said in the filing, which was seen by Reuters. "However, considering the present financial situation of the corporate applicant, defaults to financial creditors would be imminent," the filing said. Lenders were not aware of the airline's p...
India`s Go First Airways owes financial creditors $798 million - filing
India`s Go First Airways owes financial creditors $798 million - filing
Source: Reuters
3/05/2023 10:39:30 AM
HAL hands over 100th Su-30 MKI ROH aircraft to IAF Union Defence Secretary Giridhar Aramane on Friday inaugurated the third LCA production line and also handed over the 100th Sukhoi-30 MKI ROH aircraft to Air Vice Marshal Sarin at HAL's Nashik Division. The Signal Out Certificate (SOC) of the 100th ROH aircraft was handed over by Saket Chaturvedi, CEO (MiG Complex), HAL, to Air Vice Marshal Sarin in the presence of HAL CMD C.B.Ananthakrishnan and other senior officials. The Defence Secretary lauded HAL's efforts in taking up the...
HAL hands over 100th Su-30 MKI ROH aircraft to IAF
HAL hands over 100th Su-30 MKI ROH aircraft to IAF
Source: IANS
8/04/2023 11:07:38 AM
SLINEX-2023 to strengthen bond between Indian, Sri Lankan navies  'SLINEX-2023', the annual Indian Navy Sri Lanka Navy bilateral maritime exercise, conducted to strengthen the bond between the navies, began in Colombo on Monday, and will go on till April 8. The 10th edition of the exercise is being conducted in two phases - the harbour phase in Colombo from April 3-5, followed by sea phase from April 6-8, off Colombo. The Indian Navy is represented by advanced anti-submarine warfare corvette INS Kiltan and offshore patrol vessel INS Savi...
SLINEX-2023 to strengthen bond between Indian, Sri Lankan navies
SLINEX-2023 to strengthen bond between Indian, Sri Lankan navies
Source: IANS
4/04/2023 9:40:44 AM
Bengaluru -Lucknow AIX Connect plane returns to airport after technical issue A Lucknow-bound AIX Connect plane from Bengaluru returned to the airport soon after taking off on Saturday following a technical issue. "AIX Connect confirms that i5-2472, scheduled to operate from Bengaluru to Lucknow, encountered a minor technical issue and elected to return to Bengaluru," an airline spokesperson said. "Alternative arrangements have been made for the impacted guests and we are taking steps to minimise impact on other scheduled operations." Accor...
Bengaluru -Lucknow AIX Connect plane returns to airport after technical issue
Bengaluru -Lucknow AIX Connect plane returns to airport after technical issue
Source: IANS
11/03/2023 3:08:50 PM
Wings for F-16 to be made by Tata-Lockheed Martin JV in India Global defence aerospace player Lockheed Martin and Indias Tata Group have inked an agreement for the production of fighter plane wings at their joint venture Tata Lockheed Martin Aerostructures Ltd (TLMAL) in Hyderabad. According to Lockheed Martin, the Memorandum of Understanding (MOU) envisions production of 29 fighter wing shipsets, with an option of additional shipsets, with deliveries commencing in 2025. "These wings are initially intended for the F-16 Block 70/72 jets and wo...
Wings for F-16 to be made by Tata-Lockheed Martin JV in India
Wings for F-16 to be made by Tata-Lockheed Martin JV in India
Source: IANS
11/03/2023 9:06:21 AM
Three women pilot global aircraft engine maker Pratt & Whitney in India A glance of the International Women's Day programme to be held at Indian Institute of Science (IISc) on Wednesday shows two women piloting the course of global aircraft engine maker Pratt & Whitney in India. The two are Dr. Dheepa Srinivasan, Chief Engineer, Pratt & Whitney R&D Centre and Rema Ravindran, General Manager - India Engineering Centre, Pratt & Whitney. Srinivasan is one of the convenors of the programme "Celebration of Women in Science, Technology, E...
Three women pilot global aircraft engine maker Pratt & Whitney in India
Three women pilot global aircraft engine maker Pratt & Whitney in India
Source: IANS
8/03/2023 10:03:22 AM
Spreading Wings: Akasa Air plans to procure over 100 aircraft While Akasa Air has already placed a firm order for 72 Boeing 737 MAX airplanes, the low-cost airline has plans of placing an order for over 100 aircraft in the time to come. Akasa Air has completed six months of operation, and with the delivery of one aircraft every 15 days, the airline has reached a fleet size of 17 aircraft and has flown over one million passengers since its launch in August 2022. Akasa Air has been expanding its network across the country in a phased manner with a c...
Spreading Wings: Akasa Air plans to procure over 100 aircraft
Spreading Wings: Akasa Air plans to procure over 100 aircraft
Source: IANS
2/03/2023 9:09:31 AM
Air India's order for record 470 aircraft from Airbus, Boeing will be nearly $70bn: CEO Air India CEO Campbell Wilson on Monday said that the flag carrier's order for a record 470 aircraft from Airbus and Boeing will be worth nearly $70 billion. While addressing a virtual conference on Monday, the CEO also said that the process of integration of Vistara with Air India is underway and is now awaiting approval from regulatory bodies. Wilson informed that the airline plans to fund the order with a combination of many resources, including internal cash flow, shareholder eq...
Air India's order for record 470 aircraft from Airbus, Boeing will be nearly $70bn: CEO
Air India's order for record 470 aircraft from Airbus, Boeing will be nearly $70bn: CEO
Source: IANS
27/02/2023 2:41:30 PM
India's SpiceJet to transfer cargo business to unit, raise $300 million in fresh capital Indian low-cost carrier SpiceJet said on Monday it would transfer its cargo business to a unit for 25.56 billion rupees ($308.32 million), and raise another 25 billion rupees in fresh capital by issuing securities to qualified institutional buyers. The cash-strapped airline said it will also convert its dues to aircraft lessor Carlyle Aviation into shares worth $29.5 million.
India's SpiceJet to transfer cargo business to unit, raise $300 million in fresh capital
India's SpiceJet to transfer cargo business to unit, raise $300 million in fresh capital
Source: Reuters
27/02/2023 2:28:39 PM
Air India's order for 470 jets at list price of $70 billion Tata group-owned Air India's order for a record 470 aircraft from Airbus and Boeing Co will be at a list price of $70 billion, Chief Executive Campbell Wilson said on Monday, as the airline seeks opportunities to expand in long haul international. Air India had, earlier this month, announced provisional deals for 220 planes from Boeing and 250 from Airbus in an order that would eclipse previous records for an order by a single carrier. The airline plans to fund the order with a...
Air India's order for 470 jets at list price of $70 billion
Air India's order for 470 jets at list price of $70 billion
Source: Reuters
27/02/2023 2:24:07 PM
Carlyle Aviation to pick up 7.5% stake in SpiceJet SpiceJet has restructured over $100 million outstanding dues to Carlyle Aviation Partner, into equity shares and compulsorily convertible debentures (CCDs). Aircraft lessor, Carlyle Aviation Partners is the commercial aviation investment and servicing arm of Carlyle's $143 billion Global Credit platform. The transaction will wipe out over $100 million debt of SpiceJet, thereby strengthening its balance sheet for future expansion. The move will substantially deleverage the company...
Carlyle Aviation to pick up 7.5% stake in SpiceJet
Carlyle Aviation to pick up 7.5% stake in SpiceJet
Source: IANS
27/02/2023 2:18:19 PM
Air India also has 370 options, purchase rights from Airbus, Boeing Apart from the purchase of 470 firm aircraft, Air India has also has 370 options and purchase rights to be procured from Airbus and Boeing over the next decade. Terming the order as a "landmark moment" in the Indian aviation history, Air India's Chief Commercial and Transformation Officer Nipun Aggarwal said: "This order of 840 aircraft has been a culmination of a fascinating journey that began almost two years ago with the Air India privatisation process." In a ...
Air India also has 370 options, purchase rights from Airbus, Boeing
Air India also has 370 options, purchase rights from Airbus, Boeing
Source: IANS
17/02/2023 9:54:04 AM
Air India has options to buy 370 more jets after mammoth order-exec Air India has options and purchase rights to buy 370 more aircraft from Airbus and Boeing over the next decade, an company executive said in a recent LinkedIn post, days after the carrier unveiled a record order for 470 jets. "The order comprises of 470 firm aircraft, 370 options and purchase rights to be procured from Airbus and Boeing over the next decade," said Nipun Aggarwal, chief commercial and transformation officer at Air India, wrote in a post late Wednesday. The firm...
Air India has options to buy 370 more jets after mammoth order-exec
Air India has options to buy 370 more jets after mammoth order-exec
Source: Reuters
16/02/2023 2:38:41 PM
PM Narendra Modi congratulates Air India and Airbus on aircraft deal Prime Minister Narendra Modi on Tuesday congratulated Air India and Airbus for entering into an agreement, wherein Tata Group will buy 250 aircraft from the French plane manufacturer. Aiming to expand its fleet size and operation, the Tata group, which owns Air India, will buy 250 aircraft from Airbus in one of the largest aviation deals. The deal includes 40 A350 wide-body long-range aircraft and 210 narrow-body aircraft. "I congratulate Air India and Airbus for this landmark a...
PM Narendra Modi congratulates Air India and Airbus on aircraft deal
PM Narendra Modi congratulates Air India and Airbus on aircraft deal
Source: IANS
15/02/2023 10:58:32 AM
Maini Precision Products and L3Harris ink deal for aircraft ejector release units US-based L3Harris Technologies and Maini Precision Products Limited (MPP), Bengaluru, have signed a teaming agreement for manufacture of aircraft ejector release units (ERUs), at the Aero India 2023 here on Tuesday. Under the terms of the agreement, L3Harris and MPP will localise the ERUs in a phased manner, as well as set up an MRO facility in India. The definitive objective of the partnership is to jointly offer 'life of type' support with maximum localisation. A Make in India...
Maini Precision Products and L3Harris ink deal for aircraft ejector release units
Maini Precision Products and L3Harris ink deal for aircraft ejector release units
Source: IANS
15/02/2023 10:47:07 AM
Aero India 2023: HAL to provide MRO support for MQ-9B remotely piloted aircraft engines Hindustan Aeronautics Limited (HAL) and General Atomics Aeronautical Systems Incorporated (GA-ASI) have jointly announced that turbo-propeller engines which power the state-of-art MQ-9B Guardian High Altitude Long Endurance (HALE) Remotely Piloted Aircraft System (RPAS) will be supported by the HAL Engine Division at Bengaluru for the Indian market. "HAL has been manufacturing and providing MRO support for TPE 331-5 engines for the last 40 years. We are also establishing facilities fo...
Aero India 2023: HAL to provide MRO support for MQ-9B remotely piloted aircraft engines
Aero India 2023: HAL to provide MRO support for MQ-9B remotely piloted aircraft engines
Source: IANS
15/02/2023 10:14:08 AM
Airbus says Air India to lease jets on top of record order Airbus will start delivering narrow-body A320neo-family jets to Air India at the end of this year as part of a 250-plane order, the aircraft manufacturer's chief commercial officer said. The carrier's huge aircraft acquisition will further expand as Air India additionally leases around 25 A320neo-family jets on the open market, he said in an interview. "Those will come in before we can start delivering the A320s," Airbus CCO Christian Scherer told Reuters. That woul...
Airbus says Air India to lease jets on top of record order
Airbus says Air India to lease jets on top of record order
Source: Reuters
15/02/2023 9:30:02 AM
India's HAL in talks with four countries to export Tejas fighter jets India's state-owned Hindustan Aeronautics Limited is in talks with at least four countries to sell its light-combat aircraft, the company's top executive said on Tuesday, as New Delhi looks to triple defence exports over the next two years. Malaysia has shortlisted the Tejas light fighter jet for an order of around 10 to 20 planes and Argentina, Egypt and Botswana have also expressed interest, HAL Chief Managing Director C B Ananthkrishnan told reporters at a conference during Aero...
India's HAL in talks with four countries to export Tejas fighter jets
India's HAL in talks with four countries to export Tejas fighter jets
Source: Reuters
14/02/2023 3:54:57 PM
Budget gives larger wings to regional connectivity scheme UDAN  While the last couple of months have witnessed consistent growth in the aviation traffic in the country, the budget announcement to revive 50 aircraft landing sites comprising airports, heliports and water aerodromes is likely to give more wings to the governments ambitious aviation scheme, Regional Connectivity Scheme Udan. "Fifty additional airports, heliports, water aerodromes and advanced landing grounds will be revived for improving regional air connectivity," Finance ...
Budget gives larger wings to regional connectivity scheme UDAN
Budget gives larger wings to regional connectivity scheme UDAN
Source: IANS
5/02/2023 10:48:37 AM
Lucknow airport prepares for massive rush due to GIS-23, G20 meet  Air passengers travelling to and from the Chaudhary Charan Singh airport in Lucknow in mid-February will have to facetime issues and delays. The airport from February 10 to 15 will witness a large number of chartered flights bringing in scores of VVIPs arriving here during this period for the Global Investors' Summit and G20 event. Around 20 chartered flights are expected to land and take off at the airport daily between February 10 to 15. Representatives from major industr...
Lucknow airport prepares for massive rush due to GIS-23, G20 meet
Lucknow airport prepares for massive rush due to GIS-23, G20 meet
Source: IANS
5/02/2023 9:33:30 AM
Air India finalising `historic order` of new aircraft: CEO Campbell Wilson  Air India CEO Campbell Wilson on Friday announced that the flag carrier is finalising a "historic order" of new aircraft to strengthen its fleet as the airline marked a year of its take over by the Tata Group. In a communication to Air India employees, the CEO said: "Finalising a historic order of new aircraft to power future growth." "Even as we work on improving Air India, we have not shied away from other ambitious actions, such as merging Air India Exp...
Air India finalising `historic order` of new aircraft: CEO Campbell Wilson
Air India finalising `historic order` of new aircraft: CEO Campbell Wilson
Source: IANS
27/01/2023 4:02:31 PM
Amazon launches dedicated air cargo network in India E-commerce giant Amazon on Monday launched Amazon Air in India to enhance its transportation network and enable faster deliveries to customers in the country. Amazon will utilize the complete cargo capacity of a Boeing 737-800 aircraft that will be operated by Quikjet Cargo Airlines Private Limited. Telangana's minister for industries and commerce K. T. Rama Rao was present at the induction ceremony of Quikjet's new Amazon-branded aircraft along with Amazon's senior leadersh...
Amazon launches dedicated air cargo network in India
Amazon launches dedicated air cargo network in India
Source: IANS
23/01/2023 4:14:32 PM
Vistara reports net profit, crosses $1bn revenue mark in FY23  Vistara, a joint venture of Tata Sons and Singapore Airlines, has reported a net profit (excluding unrealised foreign currency loss and non-operating income) for the quarter that ended December 2022. The airline crossed the $1 billion revenue mark and remained EBITDA positive in the current fiscal year and reported break-even for the first time in the quarter. Vistara on Monday said that it delivered remarkable results for the first time since its inception in 2013. The airline...
Vistara reports net profit, crosses $1bn revenue mark in FY23
Vistara reports net profit, crosses $1bn revenue mark in FY23
Source: IANS
23/01/2023 2:08:56 PM
IndiGo deploys sensor technology to cut down inspection time of life vests With a view to enhance operational efficiency, IndiGo airline has introduced sensor technology for faster and accurate scanning of life vests on the aircraft. Life vests are mandatory safety equipment to be carried on all passenger aircraft in commercial service. These vests require periodic checks to ensure adequate numbers are available on board, and that they are in serviceable condition. Manual inspection of all vests would normally take 90-120 minutes, depending on the type of airc...
IndiGo deploys sensor technology to cut down inspection time of life vests
IndiGo deploys sensor technology to cut down inspection time of life vests
Source: IANS
19/01/2023 7:01:46 PM
Aircraft engine maker Pratt & Whitney inaugurates India Engineering Centre Global aircraft and helicopter engine manufacturer Pratt & Whitney, part of the Raytheon Technologies' group, on Thursday officially opened the doors to its new India Engineering Centre (IEC) in Bengaluru. More than 50 employees are now based in the state-of-the-art facility, with an additional 450 jobs to be filled over the next four years, the company said. The facility is co-located with Pratt & Whitney's India Capabilities Centre (ICC), which opened in 2022 to provid...
Aircraft engine maker Pratt & Whitney inaugurates India Engineering Centre
Aircraft engine maker Pratt & Whitney inaugurates India Engineering Centre
Source: IANS
19/01/2023 5:10:23 PM
Indigo expands its fleet to 300 aircraft IndiGo on Friday announced that its fleet now consists of 300 aircraft. Currently, IndiGo operates the Airbus A320 CEO and NEO, the A321 NEO, and the ATR 72-600 aircraft. Speaking on the occasion, Pieter Elbers, Chief Executive Officer, IndiGo said: "We are excited to announce that our fleet size now stands at 300 aircraft, giving wings to our ambitions. We have recently expanded operations across west, east, and north-east India as well as the middle east. "The strong fleet w...
Indigo expands its fleet to 300 aircraft
Indigo expands its fleet to 300 aircraft
Source: IANS
7/01/2023 9:34:28 AM
Greenfield Airport in Rajkot to be operational by 2023 end To cater to the growing population of the fourth largest city of Gujarat and the increasing flow of air traffic in the region, the Airports Authority of India has undertaken the work for constructing a new Greenfield Airport in Rajkot scheduled to be operational by the end of this year. With a project cost of Rs 1,405 crore, the new airport is envisioned to be a transportation hub for people traveling abroad from the state. Spread over 1,025 hectares, the airport will be developed with ...
Greenfield Airport in Rajkot to be operational by 2023 end
Greenfield Airport in Rajkot to be operational by 2023 end
Source: IANS
4/01/2023 1:46:48 PM
Airbus pledges deeper industrial ties with India Airbus plans to deepen its industrial presence in India, Chief Executive Guillaume Faury said on Wednesday after meeting the country's prime minister. "We will continue to support civil aviation growth and deepen our industrial footprint in India," Faury said on Twitter alongside a photograph of his meeting with India's Prime Minister Narendra Modi. He did not provide further details. Faury's comments on industrial presence come as India is increasingly involved...
Airbus pledges deeper industrial ties with India
Airbus pledges deeper industrial ties with India
Source: Reuters
22/12/2022 9:27:42 AM
Pratt & Whitney`s PW4000-94 engine marks 150 mn flight hours Aircraft manufacturing company Pratt & Whitney on Monday announced that its PW4000-94-inch engine has surpassed 150 million flight hours and 35 years of operational experience. Over 2,500 engines have been delivered since entry-into-service in 1987. The PW4000-94-inch engine currently serves more than 70 customers in 30 countries, powering Boeing 747/767 and MD-11, Airbus A300/310, and the KC-46A aircraft across passenger, cargo, and military missions. The 94-inch engine was the fir...
Pratt & Whitney`s PW4000-94 engine marks 150 mn flight hours
Pratt & Whitney`s PW4000-94 engine marks 150 mn flight hours
Source: IANS
20/12/2022 9:39:00 AM
Tom Cruise in new `Mission: Impossible` promo: Thank you for allowing us to entertain you Hollywood star Tom Cruise has once again jumped out of a plane but this time to deliver another thank you to fans of 'Top Gun: Maverick' while hurtling through the troposphere. "Hey everyone, here we are over stunning South Africa, and we're filming 'Mission: Impossible - Dead Reckoning' parts one and two," Cruise yells to a camera over the blaring ambient sound of an aircraft whirring, reports 'Variety'. "I didn't want the year to end with...
Tom Cruise in new `Mission: Impossible` promo: Thank you for allowing us to entertain you
Tom Cruise in new `Mission: Impossible` promo: Thank you for allowing us to entertain you
Source: IANS
19/12/2022 12:05:59 PM
IndiGo seeks final approval from DGCA to wet lease B777 aircraft After receiving in-principle approval for inducting B777 aircraft on a wet lease basis from the Ministry of Civil Aviation (MOCA), IndiGo has now applied for final approval from the aviation regulator DGCA for these operations as per the prescribed procedure. In coordination with the process of these approvals, IndiGo will soon make this 777-capacity available for sale on the Delhi - Istanbul - Delhi route, subject to regulatory approvals. "We are working closely with the authoriti...
IndiGo seeks final approval from DGCA to wet lease B777 aircraft
IndiGo seeks final approval from DGCA to wet lease B777 aircraft
Source: IANS
16/12/2022 10:41:36 AM
The pack is complete, says IAF as last of 36 Rafale jets land in India With the landing of the 36th and the final fighter jet, the Indian Air Force (IAF) on Thursday received the delivery of all the aircraft for which it had entered into a Rs 58,000-crore deal with France's Dassault Aviation in 2016. "The pack is complete. The last of the 36 IAF Rafales landed in India after a quick enroute sip from a UAE Air Force tanker," the IAF said in an official statement. A squadron of Rafale will monitor the western border and northern border with Pak...
The pack is complete, says IAF as last of 36 Rafale jets land in India
The pack is complete, says IAF as last of 36 Rafale jets land in India
Source: IANS
15/12/2022 4:03:13 PM
Earnings recovery for domestic airlines will be slow-paced due to elevated ATF prices: ICRA Rating firm ICRA in its latest report has said a quick recovery in domestic passenger traffic is expected in FY2023, aided by normalcy in operations and the waning pandemic. However, it said the earnings recovery for domestic airlines will be slow-paced due to a steady rise in prices of aviation turbine fuel (ATF) prices in addition to the rupee depreciation against the US dollar amid a heightened competitive environment. According to the report, the domestic aviation industry continu...
Earnings recovery for domestic airlines will be slow-paced due to elevated ATF prices: ICRA
Earnings recovery for domestic airlines will be slow-paced due to elevated ATF prices: ICRA
Source: Accord Fintech
13/12/2022 2:41:30 PM
No shortage of pilots in India, says Centre There is no shortage of pilots in India, the Parliament was told on Monday. Minister of State for Civil Aviation, Gen V.K. Singh (retd), told the Rajya Sabha, in a written reply, that there is however, a shortage of type-rated commanders/PIC (Pilot-in-command) on certain types of aircraft and the same is being managed by utilising foreign pilots by issuing Foreign Aircrew Temporary Authorisation (FATA). Presently, there are 82 FATA holders in India, he said. "Foreign pilots are ...
No shortage of pilots in India, says Centre
No shortage of pilots in India, says Centre
Source: IANS
12/12/2022 8:54:18 PM
Indian aviation market has significant opportunities: IATA chief Willie Walsh International Air Transport Association (IATA) -- chief Willie Walsh has said that the Indian civil aviation market has exciting and significant opportunities but taxation has always been an issue which also makes the industry less competitive. India is seeing a ''much stronger recovery'' than the Asia Pacific region in general but there could be challenges in terms of getting new aircraft and spare parts. While the Indian market has not seen the pace of growth that was see...
Indian aviation market has significant opportunities: IATA chief Willie Walsh
Indian aviation market has significant opportunities: IATA chief Willie Walsh
Source: Accord Fintech
12/12/2022 10:30:21 AM
Tata Group`s Air India to lease 12 more aircraft Tata group-owned carrier Air India said on Monday it will lease 12 more Airbus and Boeing aircraft, days after the Indian conglomerate announced the airline's merger with Vistara. The aircraft, expected to be inducted in the first half of 2023, are in addition to the thirty leased earlier this year as part of the airline's expansion plans. The Tata group is merging Air India with Vistara, its joint venture with Singapore Airlines (SIA), to create a bigger full-service carrier th...
Tata Group`s Air India to lease 12 more aircraft
Tata Group`s Air India to lease 12 more aircraft
Source: Reuters
5/12/2022 1:02:10 PM
Akasa Air operates its maiden flight from Pune Akasa Air on Saturday inaugurated its first flight on the Pune-Bengaluru route. Pune is the ninth destination in Akasa Air's network and its second city in the state of Maharashtra after Mumbai. The airline is offering double daily flights on the Bengaluru-Pune route starting Saturday with additional daily flightsAlinking the two IT hubs, starting fromADecember 10, 2022. Earlier in November, Akasa Air announced the addition of Visakhapatnam as the tenth destination on its network...
Akasa Air operates its maiden flight from Pune
Akasa Air operates its maiden flight from Pune
Source: IANS
26/11/2022 1:50:19 PM
Air India announces new flights to six destinations in USA, Europe Air India on Wednesday announced the strengthening and expansion of its global footprint with the launch of new flights connecting Mumbai with New York, Paris and Frankfurt, and the resumption of non-stop flights connecting Delhi with Copenhagen, Milan and Vienna. This expansion comes as the airline continues to make progress in augmenting its fleet with newly-leased aircraft, and the return of existing aircraft to active service. The new Mumbai-New York service will operate daily to Jo...
Air India announces new flights to six destinations in USA, Europe
Air India announces new flights to six destinations in USA, Europe
Source: IANS
23/11/2022 4:14:43 PM
IndiGo CarGo operates 1st international flight between Kolkata, Yangon IndiGo CarGo operated its first international flight between Kolkata and Yangon, Myanmar. The A321 P2F freighter aircraft on Tuesday carried general cargo with a payload of more than 19,000 kg. The freighter had recently carried cargo between Delhi and Mumbai. Mahesh Malik, Chief Commercial Officer, IndiGo CarGo, said: "We are thrilled to expand IndiGo CarGo operations to international shores with its flight between Kolkata-Yangon. Both the cities are major commercial hubs, and ...
IndiGo CarGo operates 1st international flight between Kolkata, Yangon
IndiGo CarGo operates 1st international flight between Kolkata, Yangon
Source: IANS
23/11/2022 4:07:58 PM
IndiGo inaugurates 2nd MRO facility at Bengaluru airport IndiGo inaugurated its second maintenance repair and overhaul (MRO) facility at Bengaluru's Kempegowda International Airport. The 13,000 sq.metre hangar is built on five acres of land and is the second largest maintenance facility at the airport. IndiGo has signed a 20-year pact with the Bengaluru International Airport Ltd. for the facility which was inaugurated by the airline's engineering head, S.C. Gupta. The facility can accommodate up to 2 narrow body aircraft at the sam...
IndiGo inaugurates 2nd MRO facility at Bengaluru airport
IndiGo inaugurates 2nd MRO facility at Bengaluru airport
Source: IANS
23/11/2022 12:32:13 PM
Indian Aerospace industry witnessing unprecedented growth towards becoming self-reliant: IAF chief Chief of the Air Staff, Air Chief Marshal V.R. Chaudhari on Friday lauded the contributions made by the Aircraft Systems and Testing Establishment (ASTE) and its alumni in numerous aircraft developments, weaponisation and upgrade programmes which have been pivotal in the enhancement of the IAF operational capability. The Indian Air Force Chief was speaking after inaugurating an International Flight Test Seminar (IFTS) organised to celebrate 50 years of the ASTE. The Air Chief Marshal co...
Indian Aerospace industry witnessing unprecedented growth towards becoming self-reliant: IAF chief
Indian Aerospace industry witnessing unprecedented growth towards becoming self-reliant: IAF chief
Source: IANS
5/11/2022 11:32:21 AM