Civil Aviation articles

Centre’s green nod to Rs 1,400 cr airport at Rajkot

The Centre has given green clearance for a greenfield airport project at Hirasar, about 28 km from Rajkot in Gujarat, at a cost of over Rs 1,400 crore. The state government has proposed a new airport in Rajkot district as the existing one is small and the earlier plan to extend the current runway could

Now, Air India looks for Rs 1,500 crore short term loans

Disinvestment-bound Air India has sought proposals for short term loans worth Rs 1,500 crore to meet “urgent” working capital needs, according to a document. This is the second time in little over a month that the flagship carrier has floated tenders for short tenure loans even as the government is working on the modalities for

Lufthansa to swallow lion’s share of Air Berlin’s planes

Germany’s biggest airline Lufthansa will buy up more than half of the aircraft of its bankrupt competitor Air Berlin, chief executive Carsten Spohr said Thursday. On a “great day” for the Frankfurt-based carrier, it will sign a contract to buy 81 of Air Berlin’s 144 planes and take on 3,000 of its 8,500 staff at

Jet Airways launches non-stop flights between Chennai-Paris

Jet Airways today launched non-stop flight service between Chennai and Paris-Charles de Gaulle with an aim to benefit frequent flyers to European countries. “I am delighted at the prospect of the upcoming launch of the non-stop Chennai to Paris Jet Airways flight. This new route will greatly enhance air connectivity between France and India.. ,”

Moody’s assigns Ba1 rating to GMR’s Hyderabad Airport

Moody’s Investors Service has assigned a first-time corporate family rating of Ba1 to GMR Hyderabad International Airport Limited (GHIAL) and the outlook for the rating is stable. GHIAL has a long-term concession to operate Hyderabad airport, which is one of the leading airports in India. “The Ba1 corporate family rating primarily reflects GHIAL’s strong market

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