SpiceJet will set up a pilot-training school to meet its growth requirements, airline’s Chairman Ajay Singh said on Tuesday. There is a shortage of trained commanders with domestic air traffic growing at 20 per cent and airlines increasing capacity. Singh, however, said the airline had adequate number of pilots and had not cancelled a single […]
Category: Business Standard
Business Standard
Indian airlines losses to shrink by $500-700 million in FY20: CAPA
Aviation consultancy CAPA estimates airline industrywide losses in India to reduce to $500-700 million in FY20 but forecasts slower domestic traffic growth as airlines focus on international routes.
Air India to up fleet utilisation; add frequencies to Melbourne, US routes
Air India will increase its fleet utilisation and add frequencies to its existing Melbourne and US routes, the airline’s Finance Director, Vinod Hejmadi, said on Tuesday. The national carrier is mired in debt and huge losses that have led to payment delays and grounding of around 15 planes due to a shortage of spares. Hejmadi […]
Govt to sell 100% stake in Air India ground handling arm, invites EoI
The government has invited expression of interest (EoI) for the strategic sale of Air India’s ground handling subsidiary.
From A330neo to C295, Airbus to be showstopper at Aero India in Bengaluru
From flying and static displays of its best-in-class products to showcasing its cutting-edge aerospace services, Airbus has planned one of its biggest-ever participation at Aero India to be held in Bengaluru from February 20 to 24, the company said Tuesday.
Email, MoU cited by Rahul not related to Rafale deal: Reliance Defence
Reliance Defence on Tuesday said the “proposed MoU” mentioned in a purported email cited by Congress president Rahul Gandhi in his fresh allegations on the Rafale deal was a reference to its cooperation with Airbus Helicopter and had “no connection” with the fighter jet contract.
Indian ports to log 6-8% cargo growth on crude, coal volumes in FY19: Study
Indian ports are expected to record six to eight per cent growth in cargo volumes in FY19, backed by drivers like coal, crude oil and containers.
Govt subsidies on oil & gas down 76% between 2014 and 2017, coal stable
Indian government subsidies for fossil fuels, including oil and gas, have decreased by 76% over the three years to 2017, but subsidies for the coal industry have remained stable over the same period, a new study by think-tank International Institute for Sustainable Development (IISD), has found. India, the world’s second largest consumer of coal and […]
India-US talks on February 14: Crude oil imports to dominate agenda
A pledge by India to reduce trade imbalance through greater crude imports, US firms’ concerns on the new e-commerce policy and retaliatory tariffs imposed by both nations will dominate the agenda on February 14, when officials sit down for the India-US Commercial dialogue. Being held after a hiatus of a year, the annual talks will […]
Petrotech 2019: Abu Dhabi oil firm targets India’s downstream segment
Abu Dhabi National Oil Company (ADNOC) will look for more opportunities in India’s downstream segment as it plans to expand its contribution to the country’s strategic oil reserves, the company’s chief executive officer said on Monday. The company is in talks with strategic partners for downstream opportunities in India. ADNOC also is expected to partner […]
Saudi Prince Salman to visit Pakistan; may sign $15-bn oil refinery deal
Crown Prince of Saudi Arabia Mohammad bin Salman will embark on a two-day visit to Islamabad on Saturday (February 16), Saudi Ambassador to Pakistan Nawaf bin Said Al-Maliki said on Monday. Geo News reported that a large delegation comprising of the former’s security team has already arrived in Pakistan on Monday to review security arrangements […]
OPEC not in the business of fixing oil prices, says Mohammad Barkindo
OPEC Secretary-General Mohammad Barkindo said the exporting group was not in the business of fixing oil prices when asked on Monday to comment on a U.S. House committee passing a bill targeting OPEC oil supply cuts. A US House of Representatives committee approved a bill on Thursday that would open up the Organization of the […]