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Government cuts GST on aircraft parts to 5 pc Union Civil Aviation Minister Kinjrapu Rammohan Naidu has announced the implementation of a uniform IGST rate of 5 per cent on all aircraft and aircraft engine parts, effective from Monday. The decision marks a significant milestone for making India’s Maintenance, Repair, and Overhaul (MRO) industry a global aviation hub as it will lead to a reduction in operational costs, resolve tax credit issues and attract investment, according to a Civil Aviation Ministry statement. Naidu sai...
Government cuts GST on aircraft parts to 5 pc
Government cuts GST on aircraft parts to 5 pc
Source: IANS
2024-07-16 09:55:29 am
Chennai Airport to have 9 aerobridges by 2025 to cater to wide bodied long haul flights  The Chennai Airport terminal complex has 13 aerobridges, and one additional aerobridge for wide bodied long haul aircraft is under construction and will be operational by March 2024, said the Ministry of Civil Aviation. Refuting news reports that Chennai may not get many long-haul widebody international flights for lack of aerobridges and other issues, the Ministry said out of the 13 aerobridges, five can cater to the Code E or wide bodied long haul flights. Once the second phase ...
Chennai Airport to have 9 aerobridges by 2025 to cater to wide bodied long haul flights
Chennai Airport to have 9 aerobridges by 2025 to cater to wide bodied long haul flights
Source: IANS
2024-02-12 04:42:55 pm
Parliamentary panel`s proposal on airfare regulation sends IndiGo and SpiceJet shares tumbling The stock prices of two major Indian airlines, IndiGo and SpiceJet, on Friday experienced a significant decline following the recommendation by a parliamentary panel to implement route-specific capping of airfare. The proposal also included the establishment of a distinct regulatory body to oversee and manage air ticket prices, responding to mounting customer grievances regarding escalating airfares. The parliamentary panel expressed dissatisfaction with the current self-regulation effo...
Parliamentary panel`s proposal on airfare regulation sends IndiGo and SpiceJet shares tumbling
Parliamentary panel`s proposal on airfare regulation sends IndiGo and SpiceJet shares tumbling
Source: IANS
2024-02-09 02:32:00 pm
Number of airports increased from 74 to 149 from FY15 to FY23: White Paper The White Paper tabled by Finance Minister Nirmala Sitharaman in the Parliament on Thursday stated that India's aviation industry has undergone significant growth and transformation over the past decade, with the number of airports increasing from 74 in FY15 to 149 in FY23. The White Paper on Indian Economy also stated that from FY15 to FY23, the length of national highways increased from 0.98 lakh km to 1.45 lakh km, the cargo traffic at major ports has risen from 581 million tonnes t...
Number of airports increased from 74 to 149 from FY15 to FY23: White Paper
Number of airports increased from 74 to 149 from FY15 to FY23: White Paper
Source: IANS
2024-02-09 10:00:09 am
Interim Budget proposes significant cut in Civil Aviation allocations for 2024-25 The interim budget for the fiscal year 2024-25 has suggested a substantial reduction in budgetary allocations for the Ministry of Civil Aviation. The proposed allocation stands at Rs 2,300 crore, a significant drop from the budget estimate of Rs 3,113.36 crore in the previous fiscal year 2023-24. Breaking down the allocation, Rs 1,158.79 crore has been specifically designated for AI Asset Holdings Ltd, allocated for servicing loans transferred to the special purpose vehicle (SPV) as par...
Interim Budget proposes significant cut in Civil Aviation allocations for 2024-25
Interim Budget proposes significant cut in Civil Aviation allocations for 2024-25
Source: IANS
2024-02-02 10:17:30 am
Aviation minister inaugurates Dehradun and Pithoragarh UDAN flight Union Minister of Civil Aviation, Jyotiraditya Scindia, on Tuesday virtually inaugurated an UDAN flight connecting Dehradun and Pithoragarh. Uttarakhand Chief Minister Pushkar Singh Dhami also joined the event from Pithoragarh. The flight connecting the two cities will be operated by Fly Big under the RCS UDAN Scheme. Pithoragarh Airport has been developed under the UDAN-RCS scheme, with a cost of Rs 6.68 crore into a 2B VFR Airport. The RCS flight between Dehradun and Pithoragarh...
Aviation minister inaugurates Dehradun and Pithoragarh UDAN flight
Aviation minister inaugurates Dehradun and Pithoragarh UDAN flight
Source: IANS
2024-01-31 11:13:29 am
Civil Aviation Minister plans pre-embarkation security check facility at key metro airports Civil Aviation Minister Jyotiraditya M Scindia on Thursday held a meeting with airport operators where he urged them to adopt new ways for further adoption of DigiYatra at airports to provide a hassle-free and time-saving travel experience. "Held a productive Advisory Group Meeting with Airport Operators and discussed on issues such as strategy for implementing #DigiYatra for international travel and plan for developing Pre-Embarkation Security Check facility at key metro airports as ...
Civil Aviation Minister plans pre-embarkation security check facility at key metro airports
Civil Aviation Minister plans pre-embarkation security check facility at key metro airports
Source: IANS
2024-01-26 10:51:28 am
Airbus A350, Boeing 777X steal show at Wings India 2024 Boeing 777X and Airbus A350-900 were the centre of attraction at Wings India 2024, Asia’s largest event on civil aviation which began at Begumpet Airport here on Thursday. Around 25 aircraft are on display at the four-day aviation conclave and exhibition. Boeing's newest widebody aircraft is on display for the first time in India and similarly, Airbus A350 is also being showcased for the first time. Civil Aviation Minister Jyotiraditya Scindia unveiled Air India's first Ai...
Airbus A350, Boeing 777X steal show at Wings India 2024
Airbus A350, Boeing 777X steal show at Wings India 2024
Source: IANS
2024-01-19 09:28:55 am
Yogi Adityanath launches Indigo`s air service between Ayodhya and Ahmedabad  Uttar Pradesh Chief Minister Yogi Adityanath on Thursday virtually launched Indigo Airlines' direct air service between Ayodhya and Ahmedabad at an event held at his official residence. Devotees/tourists who wish to have darshan of Lord Ram now have the option of taking the direct flight from Ahmedabad to reach Ayodhya. Addressing the occasion, the chief minister said, "With this direct flight, Ayodhya has become directly connected to Ahmedabad. Ahmedabad is the second pl...
Yogi Adityanath launches Indigo`s air service between Ayodhya and Ahmedabad
Yogi Adityanath launches Indigo`s air service between Ayodhya and Ahmedabad
Source: IANS
2024-01-11 02:43:02 pm
India`s air passenger traffic to be 42 crore by 2030: Jyotiraditya Scindia  India’s air passenger traffic will triple to 42 crore by 2030, Civil Aviation Minister Jyotiraditya Scindia said here on Sunday. "The air passenger traffic, which is 14.5 crore today, will grow to 42 crores by 2030 and civil aviation will become a foundation for transportation in the country," he said after laying the foundation for a new terminal building at Rajahmundry Airport. Scindia also stated that the capacity at six metro airports (Bengaluru, Delhi, Chennai...
India`s air passenger traffic to be 42 crore by 2030: Jyotiraditya Scindia
India`s air passenger traffic to be 42 crore by 2030: Jyotiraditya Scindia
Source: IANS
2023-12-11 09:15:12 am
Ministry of Civil Aviation amends Aircraft Rules, 1937 In order to promote ease of doing business and ensuring safety and security within the aviation sector, the Ministry of Civil Aviation has made amendments to Aircraft Rules, 1937. The Amendment to the aircraft rules, 1937 is a result of substantial consultations with stakeholders in the industry, aimed at providing the necessary reform measures to strengthen the existing regulatory safety and security framework.  These amendments align India?s aviation regulations with the International ...
Ministry of Civil Aviation amends Aircraft Rules, 1937
Ministry of Civil Aviation amends Aircraft Rules, 1937
Source: Accord Fintech
2023-10-17 01:51:55 pm