NEW DELHI: India’s newest airline Akasa Air expressed its condolences for Rakesh Jhunjhunwala’s untimely demise and said the airline will honour his legacy. Besides, the airline thanked the departed soul for putting in trust and faith in the company.
Category: Civil Aviation
Rakesh Jhunjhunwala: Hits and misses of an investor with the midas touch
A Chartered Accountant by qualification, the king of bulls in the stock market started dabbling in stocks while still in college. An investor with the midas touch, Jhunjhunwala’s early bets on Metro Brands Star health insurance paid off well.
BIAL invites proposal for 20-metre sculpture
BENGALURU: Airport operator, Bangalore International Airport Ltd (BIAL), has invited artists and art groups to submit proposals for a 20-metre-high monumental sculpture at the forest belt area in the upcoming Terminal 2 (T2) of Kempegowda International Airport.
Aviation stocks fly high as govt lifts domestic airfare caps
NEW DELHI: Aviation stocks were in heavy demand on Thursday, a day after the Civil Aviation Ministry said that domestic airfare caps will be removed. The Union Aviation Ministry on Wednesday said that limits imposed on domestic airfares will be removed from August 31, after a span of approximately 27 months.
Air India all set to add 24 domestic flights from August 20
NEW DELHI: Tata Group-run Air India is adding 24 new flights to its domestic network with effect from August 20, 2022. Not only this, the airline is bringing 16 narrow-body aircraft back to service. Air India’s narrow-body fleet currently comprises 70 aircraft, of which 54 are currently serviceable.
Govt to get 2,000 Kisan Drones with Rs 200 crore
VIJAYAWADA: Taking another big stride towards big-ticket reforms in the agriculture sector to safeguard the interests of farmers, the Andhra Pradesh government is all set to introduce 2,000 Kisan Drones at an estimated cost of Rs 200 crore. An action plan has been submitted to the Centre under the Sub-Mission on Agricultural Mechanisation (SMAM) to […]
New airlines Akasa Air commences operations, takes off first flight on Mumbai-Ahmedabad route
NEW DELHI: Akasa Air is finally in Indian skies as the first flight took off on Sunday between the Mumbai-Ahmedabad route, which was inaugurated by Union Minister for Civil Aviation Jyotiraditya Scindia along with MoS General Vijay Kumar Singh (Retd.)
SpiceJet denies reports of banks putting loans on high-risk head
NEW DELHI: Debt-laden Spicejet on Monday denied the reports that a few banks have put their account on high -risk category. According to the reports, private lenders IDFC First Bank and Yes Bank and state-owned Indian Bank have put their loans to SpiceJet in the high-risk category in what is said to be the latest […]
Airlines to share international passengers’ info with customs department prior to departure
NEW DELHI: The government has asked airlines to share all international passengers’ details, including contact and payment information, with customs authorities 24 hours prior to the departure of flights. The move is aimed at preventing law offenders from fleeing the country.
US, Australia show interest in LCA Tejas; Malaysia shortlists ‘Made-in-India’ fighter jet
NEW DELHI: The Government on Monday informed that the US and Australia are among the countries which have shown interest in India-manufactured Light Combat Aircraft Tejas. LCA Tejas has already been shortlisted by Malaysia.
Go First plane from Ahmedabad to Chandigarh diverted after bird hit
NEW DELHI: A Go First flight operating from Ahmedabad to Chandigarh was diverted to Ahmedabad after an incident of bird hit.
‘Hike in ATF prices made air travel costlier’: Government in Parliament
NEW DELHI: The cost of aviation turbine fuel (ATF) has increased by 5.3 per cent since the beginning of this year. This has added to the cost of flight tickets as airlines in India pay over 50 per cent more for ATF.