Category: Civil Aviation

Vijay Mallya has launched an attempt to halt extradition proceedings against him this week, lodging his application to appeal against the extradition order with the administrative court of the High Court in London. He had been widely expected to do so after British Home Secretary Sajid Javid on February 3 signed the extradition order against […]

GMR currently runs international airports in Delhi and Hyderabad in India and in the process of constructing one in Goa GMR Infrastructure Limited has said it suffered Rs 561.04 crore loss for the quarter ended December 31, 2018 against Rs 578.40 crore loss for the same quarter in FY18. According to a regulatory notice filed […]

Jet Airways’ shares fell as much as 4.83 per cent to ₹215 Shares of Jet Airways Ltd, reverse early losses to gain as much as four per cent in volatile trade. After the market hours on Thursday, the board said it approved a rescue deal which will make its lenders its largest shareholders and fix […]

Andhra Pradesh Chief Minister N. Chandrababu Naidu has said he is working to bring all the parties opposed to the BJP at the national level on a single platform, to fight the party in the interest of the state and the nation. “BJP’s defeat is absolutely necessary for the development of the state as well […]

Hindustan Aeronautics Limited (HAL) has taken a lead role in conducting the Aero India -2019 to be held at Air Force Station, Yelahanka, Bengaluru from February 20 to 24. Besides providing huge logistic support, HAL is to showcase its prowess in defence and aerospace centred on the theme ‘Innovate, Integrate and Lead’. “HAL is poised […]

Struggling carrier Jet Airways on Thursday reported a standalone net loss of Rs 587.77 crore for the third quarter ended December 31. The company had posted a standalone net profit of Rs 165.25 crore in the same quarter in the previous fiscal, Jet Airways said in a regulatory filing. The carrier said revenue from operations […]

The India-US CEO forum, led by Tata Sons Chairman N Chandrasekaran and ATC CEO James Taiclet, has set up three new working groups in the areas of financial services, trade and investment, health and pharmaceuticals and defence and aerospace to formulate strategies for cooperation and growth. “Both the India-US Commercial Dialogue meeting and the CEO […]

After months of negotiations, lenders led by State Bank of India are set to take control of debt-laden Jet Airways, with the company board on Thursday approving a bank-led provisional resolution plan. Under this plan, the SBI-led lenders will convert the debt into 11.4 crore shares for just Rs. 1. With that, the lenders will […]

Hindustan Aeronautics Ltd (HAL) has taken a lead role in conducting the Aero India -2019 to be held at Air Force Station, Yelahanka, from February 20 to 24. Besides providing huge logistic support, HAL is to showcase its prowess in defence and aerospace centred on the theme ‘Innovate, Integrate and Lead’. “HAL is poised to […]

Attacking the Comptroller and Auditor General’s (CAG) report on the Rafale deal, the Congress said it was “useless”, adding that the Centre tried to mask the truth by asking the CAG to hide the commercial details of the deal. Former finance minister P Chidambaram reiterated on Thursday that only a Joint Parliamentary Committee can hold […]

Cornelis Vrieswijk, Chief Executive Officer of GoAir, has stepped down citing family commitments. Jeh Wadia, Managing Director, will take over the role until a replacement is found. Vrieswijk expressed his desire to relocate to Amsterdam since his family did not wish to settle in Mumbai.

The Minister of State for Civil Aviation said that airport infrastructure is to see committed investment of around $ 14 to $ 15 billion over the next few years Jayant Sinha, Minister of State for Civil Aviation said on Wednesday that the Central Government is working to ensure that the metro cities have two or […]