In October, Boeing CEO Dave Calhoun was asked how fast Boeing could raise output of its best-selling 737 MAX after a spate of quality snags. He was upbeat: Boeing would get back to 38 jets a month and was “anxious to build from there as fast as we can.” As he sought to reassure investors […]
Day: February 12, 2024
Any DGCA move to rein in airfares may not succeed: Industry experts
Any move by the aviation regulator to control airfares in the country is unlikely to impact rates in the current free market regime, airline executives and industry experts said in reaction to a parliamentary panel’s call to take measures to check high fares. Air ticket prices are expected to rise further due to significant capacity […]
SC to hear AAI’s curative plea on GMR Nagpur Airport order
The Supreme Court on Friday agreed to relook and hear in detail the Airports Authority of India’s (AAI) curative petition against its last year’s judgment that cleared decks for the GMR Group to operate the Babasaheb Ambedkar International Airport in Nagpur. A four-judge special bench led by Chief Justice D.Y. Chandrachud on Friday said the […]
Airbus eyes partnerships in Indian defence and space
Airbus is looking for partnerships in Indian defence and space sectors, Michael Schoellhorn, CEO of Airbus Defence and Space, said on Friday. The European aerospace major is also looking for tie-ups with both private and government companies to develop a sourcing and manufacturing base in India, he said.
IndiGo aircraft misses taxiway, delays operations at Delhi Airport briefly
An IndiGo aircraft encountered a mishap upon landing at the Delhi airport on Sunday morning, leading to the blockage of one runway for approximately 15 minutes. The A320 aircraft, operating flight 6E 2221, veered off course and reached the dead end of runway 28/10 after failing to locate the designated taxiway at the Indira Gandhi […]
SpiceJet set to lay off 1,400 employees
Cash-strapped budget airline SpiceJet is set to lay off 1,400 employees, nearly 15% of its workforce, to cut costs and retain investor interest. The airline currently has 9,000 employees and operates about 30 planes. Of these, eight are wet-leased from foreign carriers, along with crew and pilots. SpiceJet confirmed the job losses. “This is to […]
As economy flies high, so does corporate air travel: Business flyers pass pre-Covid numbers
Corporate air travel has surpassed pre-pandemic levels, contrary to the perception that it has taken a back seat with virtual meetings becoming the order of the day after Covid-19. “IndiGo has experienced consistent growth in corporate & SME travel month-on-month. The last six months have been exceptionally strong as we have added capacity on domestic […]
Indian Railways commissions four track monitoring machine post CAG’s red flag
Four new Track Recording Cars, which help in carrying out super check of train track parameters, have been commissioned after a CAG report highlighted the shortfall, Railway Minister Ashwini Vaishnaw told the Rajya Sabha on Friday. Vaishnaw was responding to questions raised by All India Trinamool Congress MP Derek O’Brien who asked, “Whether any action […]
ET Now GBS 2024: Govt cranks up engine to put Vande Bharat trains on international tracks, says Ashwini Vaishnaw
The government is planning to export locally designed and manufactured Vande Bharat trains in the coming years, railways minister Ashwini Vaishnaw said at the Global Business Summit on Saturday. “The challenge was to develop it (Vande Bharat) in our country by our own engineers and the challenge has been taken very well. I can say […]
RCF aims to roll out first prototype of Vande Metro coach by April, says its general manager
The Rail Coach Factory (RCF) in Kapurthala in Punjab is aiming to roll out the first prototype of Vande Metro coach for intercity travel by April this year, its general manager S Srinivas has said. A total of 16 such coaches are expected to be ready by the later part of 2024-25 financial year, he […]
How China built BYD, its Tesla killer
SHENZHEN, China — China’s BYD was a battery manufacturer trying its hand at building cars when it showed off its newest model in 2007. American executives at the Guangzhou auto show gaped at the car’s uneven purple paint job and the poor fit of its doors. “They were the laughingstock of the industry,” said Michael […]
Maruti Suzuki planning to make electric air copters that can take-off and land on rooftops
Leading Indian carmaker Maruti is now setting its sights on the sky. With the help of its Japanese parent company, Suzuki, the company is planning to develop electric air copters. According to a report in the Times of India, the electric air copters would be larger than drones but smaller than traditional helicopters, with the […]