IndiGo’s foray into the long haul international market is a big boost for the government’s plan to transform India’s airports into major hubs in the region. A hub airport is used by one or more airlines to concentrate passenger traffic. These hubs serve as important transfer points, allowing travellers to reach their destinations through an […]
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Newspapers
Delhi HC allows lessors’ plea seeking deregistration of all 54 Go First aircraft, restrains carrier from flying them
In a setback to cash-strapped carrier Go First, the Delhi High Court on Friday allowed the lessors’ plea which sought deregistration of the company’s 54 aircraft. The court ordered deregistration of Go First’s 54 planes in five working days which were subject matter of the case. The court has also restrained Go First from flying […]
HC directs DGCA to forthwith process applications of Go First’s lessors’ to deregister aircraft
The Delhi High Court on Friday directed the Directorate General of Civil Aviation (DGCA) to forthwith process the applications filed by several lessors for deregistration of their 54 planes so that they could take them back from the crisis-hit Go First airline. The high court said the process shall be done in not later than […]
Delhi HC asks DGCA to deregister all 54 of Go First’s leased planes, gives 5 days’ time
In a decision that can dent bankrupt Go First’s revival prospects, the Delhi High Court on Friday asked the Directorate General of Civil Aviation (DGCA) to deregister all the 54 leased aircraft to the airline and process the lessors’ applications for deregistration within five working days. Justice Tara Vitasta Ganju while restraining the carrier’s resolution […]
Go First: Busy Bee Airways says to evaluate position after reviewing court order
With the Delhi High Court allowing lessors to take back 54 planes leased to bankrupt Go First, joint bidder Busy Bee Airways’ Nishant Pitti on Friday said he will consider any necessary adjustments to its proposed offer for the airline after reviewing the court order. Busy Bee Airways, along with SpiceJet chief Ajay Singh, has […]
View: For Tesla, India can perhaps wait for now
It was sometime in early 2022 when Elon Musk, CEO of Tesla, had tweeted about India’s high import duty levels for cars and why this was impacting his company’s entry into this market. In no time, representatives from West Bengal, Telangana, Tamil Nadu, Maharashtra, Punjab and Karnataka tweeted right back that they were ready to […]
Chinese automakers redefine the car as a living space
Beijing: How about turning a car’s front bucket seats 180 degrees so they face the rear seats and extending out a table so the occupants can play cards or eat a meal? Or a 43-inch screen for the passengers in the back seat? The seemingly never-ending efforts of China’s electric-car makers to redefine the automobile […]
FAME Subsidy Case: Hero Electric moves HC seeking relief
New Delhi: Hero Electric scooter company Hero Electric has approached the Punjab and Haryana High Court seeking relief from recovery of subsidies availed under the government’s flagship scheme to promote electric mobility. The move comes in the backdrop of the Centre considering measures to recover money from three companies who allegedly availed sops wrongfully under […]
You can charge your EV for free at 400 spots in Karnataka. Check details
Statiq, an electric vehicle charging network operating more than 400 EV charging points in Karnataka, has launched a no-cost charging initiative in the region. The company aims to motivate users to explore public charging options for long-distance travel, as many rely on home charging. Statiq asserts that their charging stations can accommodate various electric vehicles, […]
Why BYD’s EV exports sell for twice the China price
U.S. and European politicians have raised alarms that their domestic auto industries could be destroyed by a wave of cheap Chinese electric vehicles. But so far, China’s top EV maker, BYD, has dramatically hiked export prices compared to what it charges at home rather than undercut foreign rivals. The goal: to rake in hefty profit […]
Macquarie drops plan to sell India clean energy company Vibrant
Australia’s Macquarie Asset Management has called off plans to sell renewable energy platform Vibrant Energy due to a valuation mismatch in negotiations, said people aware of the development. Vibrant, a portfolio company of Macquarie’s Green Investment, is currently operating and delivering 1.9 GW of renewable energy solutions to corporate clients across India. It has an […]
Statkraft India head Rahul Varshney quits
Rahul Varshney has quit Europe’s largest renewable power generator Statkraft after helming its Indian operations for 15 years, according to people aware of the development. Varshney could possibly set up his own venture in the energy transition segment, they said. Statkraft, which is owned by Norway’s government, has been operating in India for more than […]