NEW DELHI: Air India may not take diversion fuel on flights to destinations with multiple runways, in a bid to fly lighter planes and thereby cut fuel burn. It made the start on Monday by operating a Dreamliner with no alternate/diversion fuel from Delhi to Hyderabad, whose Shamshabad Airport has a main and a standby […]
Day: April 30, 2019
SpiceJet plane overshoots runway
NEW DELHI: A SpiceJet flight overshot the runway at Shirdi airport on Monday when its landing gear got stuck in unpaved area. Luckily, it stopped safely and nobody was hurt aboard Boeing 737 aircraft. The runway had to be closed to remove the aircraft, due to which flight operations were hit in Shirdi. Passengers are […]
Rafale verdict: Rahul Gandhi expresses “regret” again in SC over remarks
Congress President Rahul Gandhi, on Monday, expressed regret again for “incorrectly” attributing his ‘chowkidar chor hai’ remark to the Supreme Court and accused BJP MP Meenakshi Lekhi of trying to drag the court into a political controversy for “personal gains and political mileage” by moving the contempt petition against him. Seeking dismissal of the contempt […]
Section of Jet staff seeks SBI nod to bid for airline
NEW DELHI: A group of Jet Airways’ senior staffers, including the unions of the airline’s aircraft engineers and of Indian pilots, has requested State bank of India-led lenders to allow a consortium of employees to bid for the carrier. While accepting that employees may not have the cash required to revive the grounded airline, a […]
Air Asia may induct some of Jet Airways’ planes
NEW DELHI: AirAsia India, a JV of Tata group and Malaysian AirAsia, is planning to induct some Boeing 737s that used to fly for Jet Airways and have now been repossessed by lessors. AirAsia India’s (AAIPL) flying licence has listed Airbus fleet for its operations. Now the low-cost carrier (LCC) has applied to DGCA for […]
Rafale case: Apex court allows Centre to circulate letter seeking adjournment on hearing
The Supreme Court, on Monday, allowed the Centre to circulate a letter among parties concerned for adjournment in tomorrow’s scheduled hearing on pleas seeking review of its Rafale deal verdict of December 14 last year. The Centre, in its letter, said it needs time to file reply on merits on the review petitions. A bench […]
IL&FS Ethiopia staff move NCLT to recover salary dues
Employees of Infrastructure Leasing & Financial Services Ltd’s (IL&FS) subsidiary in Ethiopia are planning to move the National Company Law Tribunal (NCLT) in a bid to recover their salary dues. About 44 employees working for ITNL-Elsamex SA have not been paid salaries since August 2018. This comes after the cash-strapped company asked the employees to […]
After Vistara, another Tata JV airline AirAsia India also plans to induct Jet Airways Boeing 737s
NEW DELHI: The Tata Group, pioneer of Indian aviation, are now aggressively looking at expanding their footprint in the skies here. AirAsia India, a JV of Tata and Malaysian AirAsia, is planning to induct some Boeing 737s that used to fly for Jet Airways and have now been repossessed by lessors. AirAsia India Pvt Ltd’s […]
Oil dips on expectations of rising output, China stutter
Oil prices dipped on Tuesday on expectations rising output from the United States and producer club OPEC would offset most of the shortfall expected from U.S. sanctions on Iran, but analysts said markets remained tight. A stutter in China’s factory and servicing industries in April also weighed on crude prices, traders said, as it suggested […]
Indian Oil, BPCL, OIL may come under pressure after hefty dividends, buybacks; here’s why
After paying hefty returns to shareholders in the form of dividends and share buyback, state-owned oil marketing companies’ including Indian Oil Corporation, Bharat Petroleum Corporation and Oil India may see heightened pressure on and face the risk of government intervention in fuel prices during the elections. According to Fitch Ratings, the firms’ financial profiles may […]
Diesel prices increase by 5 paise in Delhi; check prices in other metro cities
The oil marketing companies or OMCs have increased the diesel prices by 5 paise across major cities on Monday after a hiatus of three days. In Delhi, while petrol is selling at the old price of Rs 73.08, diesel prices have increased by Rs 5 paise to 66.66 per litre. In Mumbai, people need to […]
Power plants seen bidding for 3GW Gujarat PPA in June
The Gujarat government is likely to conduct reverse auction to tie up long-term power purchase agreements (PPAs) for 3,000 MW power generation capacity in June, people aware of the development said. “The tender has been called to adequately prepare the state for the upcoming surge in power demand in the next four-five years,” a senior […]