The US embargo on Iran oil shipments has put Prime Minister Narendra Modi in a quandary. If he plays along, India could find itself on the right side of President Donald Trump on trade but lose cheap supplies and precious foreign exchange.
A high-level delegation from the US on Tuesday held crucial talks with Foreign Secretary Vijay Gokhale over the US sanctions on the import of Iranian oil amid indications that Washington may offer an exemption to some countries from the restrictions.
British engine maker Rolls-Royce revealed plans this week to develop a hybrid electric vehicle, dubbed the “flying taxi”, which takes off and lands vertically and could be airborne within five years.
Boeing sees a $15 trillion market for airplanes and supporting services over the next two decades, driven largely by budget carriers and the narrow-body jets they favor to haul travelers.
Naresh Goyal-promoted Jet Airways on Tuesday signed a formal agreement with Boeing Co to acquire an additional 75 latest single-aisle 737 Max aircraft valued at $8.8 billion at current list prices.
The combined in-service fleet of Indian airlines is 588 (as of May 2018). The average age of aircraft in service is 7.1 years.
Evidence is mounting that Saudi Arabia is heeding US President Donald Trump’s call for OPEC to keep the oil market amply supplied and rein in prices.
Cyrus P Mistry did not follow the requisite protocol on matters of critical interests to Tata Trusts, the majority shareholder of Tata Sons, the Mumbai Bench of the National Company Law Tribunal (NCLT) said in its order.
Global airlines’ body IATA has strongly opposed levying of GST on international air tickets, dubbing the taxation as “wrong” as it contravenes many global agreements to which India is a party.
The passenger aircraft fleet in the country is set to nearly double to 1,100 planes by 2027, from around 600 at present, a global aircraft leasing firm on Monday said in a report.