Aerospace major Airbus selects Tata Technologies as strategic supplier

Global engineering and product development digital services firm Tata Technologies on Monday said it has been selected by European aerospace major Airbus as a strategic supplier. The company will become an engineering, manufacturing engineering and services strategic supplier (EMES3), Tata Technologies said in a statement. “This is an outcome of an extensive seven month long […]

CCI approves acquisition of shareholding in Air India by Tata Group

Competition Commission has approved Tata Group’s proposed acquisition of debt-laden Air India as well as its two subsidiaries. The Rs 18,000 crore-deal that includes the winning bidder Talace taking over Rs 15,300 crore-worth debt, is a major step in the government’s efforts over the years to revive the ailing airline. Talace Pvt Ltd, a wholly-owned […]

Privatisation: Changing tracks aided Air India, derailed BPCL sale

Changing tracks helps. But, not taking the beaten path isn’t always helpful. This is the story of two of India’s biggest privatisations – Air India and Bharat Petroleum (BPCL). Nearly two decades after the last privatisation, a landmark divestment concluded this year when the loss-making national carrier Air India was sold to the Tatas. This […]

Pawan Hans privatisation: Process now moves to concluding stage, says govt

The government has received an undisclosed number of financial bids for sale of its stake in ailing helicopter operator Pawan Hans, moving the divestment process to the last stage. “The financial bids for Pawan Hans disinvestment have been received by the transaction advisor. The process now moves to a concluding stage, DIPAM Secretary Tuhin Kanta […]

15 military chopper accidents since March 2017, shows official data

Thirty-one people were killed in accidents involving 15 military helicopters since March 2017 that included the December 8 crash of the Mi-17V5 near Coonoor, according to details provided by the government in Lok Sabha on Friday. The 15 choppers that met with accidents included four Advanced Light Helicopter (ALH), four Cheetah, two ALH (weapon system […]

Singapore Airlines set to resume Airbus A380 service to India from Jan

Singapore Airlines is set to resume the Airbus A380 Superjumbo aircraft’s services to India, after a break of 20 months due to the pandemic-led restrictions. The services will start from January 10, 2022 between Mumbai and Singapore. The A380 will replace the Airbus A350-900 on the ‘SQ 424/423 VTL’ services on this route. Besides, the […]

Boeing wants to build its next airplane in ‘metaverse’: How will it work?

In Boeing Co’s factory of the future, immersive 3-D engineering designs will be twinned with robots that speak to each other, while mechanics around the world will be linked by $3,500 HoloLens headsets made by Microsoft Corp. It is a snapshot of an ambitious new Boeing strategy to unify sprawling design, production and airline services […]

Domestic airlines see 18% growth in November, shows DGCA data

About 10.5 million domestic passengers travelled by air in November, 17.03 per cent higher than the 8.98 million the month before, the country’s aviation regulator said on Friday. While IndiGo carried 5.7 million passengers in November, a 54.3 per cent share of the domestic market, SpiceJet flew 1.07 million passengers, accounting for a 10.3 per […]

10.5 mn domestic air passengers in Nov, 17% higher than Oct: DGCA

Around 1.05 crore domestic passengers travelled by air in November, 17.03 per cent higher than the 89.85 lakh who travelled in October, the country’s aviation regulator said on Friday. While IndiGo carried 57.06 lakh passengers in November, a 54.3 per cent share of the domestic market, SpiceJet flew 10.78 lakh passengers, accounting for a 10.3 […]

Pawan Hans privatisation: Govt gets financial bids in fourth attempt

The finance ministry on Friday said it received financial bids for disinvestment of ailing helicopter operator Pawan Hans, which could make it the second public sector undertaking to be privatised in FY22 after Air India. “The financial bids for Pawan Hans disinvestment have been received by the transaction advisor. The process now moves to a […]