Category: Civil Aviation

Companies that have experience in executing projects in the airport, real estate or core infrastructure sector, those who have executed projects worth more than Rs. 10,000 crore in the last 10 years and have a minimum net worth of Rs. 1,250 crore at the close of the preceding financial year will be allowed to participate […]

Jet Airways on Thursday said it is not in a position to consider audited financial results for 2018-19. Once a storied full service carrier, Jet Airways temporarily suspended operations in April after running out of cash. The airline cited the ongoing bidding process undertaken by the domestic lenders for change in management and the resignation […]

Debt-strapped Jet Airways on Thursday said it was not in a position to consider and approve the audited financial result for the year ended March 31 due to the ongoing debt resolution process undertaken by its lenders. The airline temporarily shut operations on April 17 due to an acute cash crunch. Since then, most of […]

TCS has signed a new strategic partnership with Scandinavia’s leading airline, SAS, the flag-carrier of Sweden, Norway and Denmark. The long-term partnership, which started in 2012, included an always-on IT platform and a digital e-commerce platform. TCS also worked with SAS’ Innovation Lab to deliver quality customer service across innovative channels, such as Turi, a […]

Helped by the void created by Jet Airways’ absence, low-cost airline SpiceJet reported a net profit of Rs. 56.3 crore for the fourth quarter ended March 31 this year, a 21.9 per cent increase over the Rs. 46.2-crore profit posted in the same period the previous year. The company reported an operating revenue of Rs. […]

The Regional Labour Commissioner (RLC), which is hearing complaints of Jet Airways’ employees on issues related to delay in salary payments, has told the management to adhere to the Payment of Gratuity Act, 1972 and file compliance report by June 19. The RLC has also ordered the Civil Aviation Ministry to send its representatives to […]

Low-cost airline SpiceJet has reported a net profit of ₹56.3 crore for the fourth quarter ended March 31 this year, a 21.9 per cent increase over the ₹46.2-crore profit posted in the same period the previous year. The company reported an operating revenue of ₹2,531.3 crore for the latest quarter, while on the EBITDAR or […]

Days after Naresh Goyal, former Chairman of Jet Airways, was prohibited from flying outside the country, the Regional Labour Commissioner (RLC) will summon Goyal in a case related to non-payment of staff salaries. The RLC had earlier asked Goyal to be present for hearing on a complaint filed by All India Jet Airways Staff and […]

New Delhi, May 27Aviation market leader IndiGo reported a whopping 401 per cent increase in its profit after tax ( PAT) for the fourth quarter ended March 31, 2019, at Rs. 589.6 crore, against Rs. 117.6 crore in the same quarter of the previous year. During the quarter ended March 31, 2019, the airline reported […]

Delhi-based low-cost airline IndiGo is studying the feasibility of including wide-body aircraft in its fleet but is unlikely to place an order in the near future, Ronojoy Dutta, the airline’s Chief Executive Order, said on Monday. “For wide-body there is nothing imminent. Are we studying it? Absolutely. But are we about to place an order […]

Shares of Hindustan Aeronautics Ltd (HAL) are up as much as 5.05 per cent, their highest since March 27. At 10.15 am, the stocks of HAL were trading higher by 2.85 per cent at ₹726.10. The State-owned aerospace and defence company posted a 13 per cent jump in March-quarter profit to ₹1,177 crore($168.92 mln) on […]

HAL, defence aerospace public sector, profits on standalone basis are up 13.09 per cent at Rs 1,177.29 crore for the fourth quarter (Q4) of FY 2018-19 as against Rs 1,040.93 crore recorded in the same period last year. The company’s revenues is also higher by 9.82 per cent to Rs 10,163.35 crore as against Rs […]