MUMBAI: The Maharatna central enterprise REC, which on Monday reported a robust 34% jump in net profit at Rs 4,016 crore for the March quarter, said it will be raising Rs 1.6 lakh crore debt to fuel its growth plans this fiscal as it expects disbursals to jump nearly 18% over last year. The subsidiary […]
Day: May 1, 2024
Air India extends suspension of Tel Aviv flights till May 15
Air India on Tuesday said it has extended the suspension of flights to and from Tel Aviv till May 15 amid tensions in the Middle East. On April 19, the airline said Tel Aviv flights will remain suspended till April 30. It operates four weekly flights between the national capital and the Israeli city. In […]
Indigo will get first of 30 widebody Airbus aircraft in 2027, says airline CEO Pieter Elbers
Indian low-cost carrier Indigo is likely to start recieving its order of 30 Firm Airbus A350-900 aircraft in 2027, the airline’s CEO Pieter Elbers said on Tuesday. Powered by Rolls Royce’s Trent XWB engine, the exact configuration of these aircraft will be decided later. “Exact configuration of aircraft to be finalised at a later stage; […]
DGCA suspends Vistara’s head of training
India’s civil aviation regulator has suspended Vistara’s head of training Vikram Mohan Dayal after discovering deficiencies in the full-service airline’s training process for Boeing 787 pilots. The Directorate General of Civil Aviation (DGCA) had earlier issued a show cause notice to the carrier on the matter, ET reported on 7 April.
Money laundering case: Jet Airways founder Naresh Goyal moves HC to seek bail on medical grounds
Jet Airways founder Naresh Goyal has moved the Bombay High Court seeking bail in a money laundering case on the ground that both he and his wife were suffering from terminal cancer. A single bench of Justice N J Jamadar on Tuesday said it would hear the plea on May 3. In his plea, Goyal […]
Road construction in India to witness 7-10% slowdown in FY25 due to challenges in execution: CareEdge Ratings
Pace of road construction in India is expected to witness a 7-10% decline in 2024-25 with the daily construction estimated at 31 km per day as against 34 km per day in 2023-24 due to heightened challenges in execution, the CareEdge Ratings said on Tuesday. This will result in the national highways construction to slow […]
National Highways construction to decline by 7-10% to 31 km/day in FY25: CareEdge Ratings
The pace of National Highways construction in India is estimated to slow down by 7-10 per cent to around 31 km/day in the current fiscal due to heightened execution challenges, CareEdge Ratings said on Tuesday. The pace of National Highways construction in India during FY24 registered a healthy uptick of 20 per cent to 34 […]
DGCA suspends senior Vistara official for pilot training lapses
New Delhi, Aviation regulator DGCA has suspended a senior Vistara official for lapses in conversion training of pilots, a source said on Tuesday. Vikram Mohan Dayal, Vice President of Training at the full service carrier, has been removed from his post, the source said. There was no comment from Vistara.
GMR Airports Infra to buy stake in WAISL for Rs 57 crore
GMR Airports Infrastructure on Tuesday announced acquiring an 8.4 per cent stake in WAISL, which provides digital infrastructure services at airports, as the company looks to strengthen its presence in airport-related businesses. The company has entered into an agreement to buy 4,60,000 shares or an 8.4 per cent stake of WAISL from Utthishta Virat Fund […]
Port Blair’s Veer Savarkar International Airport begins night operations
Port Blair: The Veer Savarkar International Airport in Port Blair in Andaman and Nicobar Islands has started night operations following a significant upgradation and advancements. On April 18, a private airline was the first to land using the ILS at VSI Airport.
Lenders to Go First weigh liquidation after court order on planes, sources say
Lenders to Go First will meet later this week to discuss options for the bankrupt airline, including liquidation, after a court order allowed lessors of the aircraft to take back their planes, two bankers with Go First’s creditors said on Tuesday. “There is no value left in the airline after the court order and chances […]
Mangaluru International Airport now a silent zone
The Mangaluru International Airport has implemented a new policy regarding passenger announcements, shifting away from using the public address (PA) system for such notifications, airport officials said on Tuesday. This change aims to cultivate a quieter environment for travellers, allowing them to utilise their time at the airport for various activities such as reading, conversing […]