The government has decided to further sweeten the deal for potential investors in Air India by making the national airline’s prime real estate across the world and in India part of the strategic sale. These properties, many of which are located in upmarket areas, are believed to be worth hundreds of millions of dollars at […]
Day: June 14, 2018
Etihad Airways in red again, reports $1.52 billion loss for 2017
Etihad Airways reported a $1.52 billion loss for 2017 on Thursday, its second consecutive annual loss as the Middle East airline undertakes a major turnaround plan. The result compares with a prior year loss of $1.95 billion, which it restated from $1.87 billion. Etihad has been overhauling its strategy since 2016 with changes to top […]
Rising immigration to Gulf fueling air traffic in UP: Jet Airways
Rising immigration from Uttar Pradesh to the Gulf countries has emerged as a key factor for the robust international air traffic growth in the state. In 2017, UP had topped the list of Indian states in accounting for the maximum number of workers immigrating to the oil-rich Gulf countries. While international air traffic grew by […]
Electricity demand from Electric Vehicles to help power utilities earn $11 billion
The overall electricity demand from large-scale adoption of electric vehicles (EVs) in India is projected to touch 69.6 terawatt hours by 2030, helping power utilities earn an additional revenue of USD 11 billion, a report said today. The joint study by Assocham and Ernst & Young LLP added that increasing adoption of EVs across India […]
Green nod to Chennai airport expansion, AAI to spend Rs 2476 crore
An Expert Appraisal Committee (EAC) under the Ministry of Environment, has accorded environmental clearance for the Rs 2476 crore Chennai Airport expansion programme by Airports Authority of India (AAI). According to the minutes of meeting held on May 30, the Committee while clearing the project said the modernisation will be carried out within the existing […]
Air Odisha launches flights from Vizag to Jagdalpur via Raipur
Scheduled commuter airline Air Odisha today commenced services to Chhattisgarh from Andhra Pradesh with the launch of a flight to Jagdalpur from Visakhapatnam through Raipur. The services launched under the Udan regional connectivity scheme of the central government were inaugurated by Prime Minister Narendra Modi through video conferencing, Air Odisha said in a release. With […]