The central government will infuse a fresh equity of Rs 1,500 crore into national passenger carrier Air India early next week, a senior official said on Friday.
Category: Civil Aviation
Govt awards 235 routes under UDAN scheme, seaplanes to fly on 18 routes
Seaplanes will fly on 18 air routes among the 235 routes awarded on Friday under the government’s ambitious regional connectivity scheme that will also connect 16 unserved airports and six water aerodromes.
Flights from Odisha’s Jharsuguda airport to take off again under UDAN
Flight services at Odisha’s second airport — the Veer Surendra Sai airport at Jharsuguda — are poised to take off again under the third phase of ‘Ude Desh ka Aam Nagrik’ (UDAN) scheme.
IndiGo to start daily direct flights from Delhi to Istanbul from March 20
No-frills airline IndiGo will start daily direct flights from the national capital to Istanbul from March 20.
Etihad hires turnaround expert Alvarez & Marsal as it weighs Jet bailout
Etihad Airways has appointed turnaround specialist Alvarez & Marsal to conduct due diligence on Jet Airways Ltd as it weighs bailing out the cash-strapped Indian carrier, three sources familiar with the matter told Reuters.
Airbus threatens to quit UK over Brexit, adding to fear of business exodus
Airbus SE said it might be forced to move future investments out of the UK in the event of a no-deal divorce from the European Union, slamming the “madness” of Brexit supporters who assume the planemaker won’t abandon Britain.
Didn’t receive any reference on relaxing rules in Jet Airways matter: Sebi
Markets watchdog Sebi Thursday said it has not received any reference on relaxation in rules regarding Jet Airways.
IndiGo appoints Ronojoy Dutta as CEO, Meleveetil Damodaran as chairman
Aviation veteran Ronojoy Dutta has been appointed as Chief Executive Officer (CEO) of IndiGo for a period of five years as it plans a major international expansion this year, the low-cost airline announced Thursday.
Tamil Nadu eyes $15 bn investments in aerospace, defence sectors in 15 yrs
The Tamil Nadu government is eyeing investments worth $15 billion in the aerospace and defence sectors in the next 15 years to make the state a preferred hub for the two industries.
As profit dips, IndiGo plans more international flights for better returns
IndiGo, India’s biggest airline by market share, will take more deliveries of the longer-range Airbus A321neo aircraft next year as it plans to launch more international flights, its interim CEO said on Wednesday after the company’s profit fell sharply.
CBI books former Air India chief Arvind Jadhav, others in corruption case
The CBI has booked former Air India chairman-cum-managing director Arvind Jadhav and other former senior officials of the national carrier for allegedly violating norms in appointing general manager rank officers, officials said Wednesday.
InterGlobe Aviation Q3 net profit plunges 75% YoY to Rs 191 crore
Total income during the quarter stood at Rs 8,229.36 crore, up 28.40 per cent against Rs 6,408.95 in the corresponding quarter last year.