Hyderabad: Civil aviation minister Jyotiraditya Scindia observed that India is poised to grow to 300 million domestic air passengers by 2030. Kick starting Asia’s largest event on civil aviation, the four-day ‘Wings India 2024’, at Begumpet Airport in Hyderabad on Thursday, Scindia said India would still be one of the most unpenetrated markets in the […]
Category: Deccan Herald
Deccan Herald
India needs 2,840 new aircraft, 41,000 pilots in next 20 years: Airbus forecast
Hyderabad: India will need 2,840 new aircraft and 41,000 pilots as well as 47,000 technical staff in the next 20 years, Rémi Maillard, President and Managing Director of Airbus India and South Asia said on Thursday. Addressing a press conference on the sidelines of the aviation conclave and exhibition, Wings India 2024, Maillard said Airbus […]
Domestic passenger air traffic to reach 300 million by 2030: Aviation minister Jyotiraditya Scindia
Hyderabad: The number of domestic air passengers in India is expected to surge to 300 million annually by 2030 from 153 million in 2023, Union Civil Aviation Minister Jyotiraditya Scindia said on Thursday. Speaking at the inaugural session of Wings India 2024, a civil aviation conclave and exhibition, Scindia also said the number of airports, […]
Mahindra Aerostructures expands strategic relationship with Airbus
Mumbai: Widening the strategic relationship, Mahindra Group’s Mahindra Aerostructures Pvt Ltd (MASPL) and Airbus Aerostructures GmbH inked a new contract for the manufacture and delivery of metallic components for all Airbus commercial aircraft models, including the best-selling A320 family. MASPL has been a direct supplier to Airbus Group since 2015, and partners with Airbus on […]
Airbus says to double procurement from India to $1.5 bln
Airbus will double the total value of procurement from India to $1.5 billion in the coming years, the planemaker’s India president said on Thursday, adding that it also sees good demand from the country.
Airbus forms JV with Air India for pilot training centre in Gurugram
Hyderabad: Airbus has partnered with Tata group-owned Air India for setting up a pilots training facility in Gurugram, Haryana, under a 50:50 joint venture, the company said on Thursday. Besides, the European aviation major also announced a collaboration with GMR Aero Technic to offer aircraft maintenance engineering training courses at the latter’s facility in Hyderabad. […]
Airbus signs pact with Tata Advanced Systems, Mahindra Aerospace Structures for aircraft components
Hyderabad: Airbus on Thursday said it has signed contracts with Tata Advanced Systems Limited (TASL) and Mahindra Aerospace Structures Private Limited (MASPL) to procure commercial aircraft components. Under the contract, TASL and Mahindra Aerostructures will manufacture metallic detail parts, components and assemblies for Airbus’ A320neo, A330neo and A350 programmes, a press release from Airbus said. […]
India to keep diversifying oil supply, accelerate energy transition: Oil Minister Hardeep Singh Puri
Davos, Switzerland: Supply cuts by OPEC+, costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world’s third biggest oil importer, to diversify its crude sources and accelerate its energy transition, its Oil Minister Hardeep Singh Puri said. “Whenever there is vulnerability and uncertainty in the market, the transition gets […]
Aramco CEO predicts tighter oil markets, sees Red Sea risks
Davos, Switzerland: Global oil markets will cope with Red Sea disruptions in the short run, although prolonged attacks by the Houthis on ships would lead to a shortage of tankers due to longer voyages and a supply delay, the CEO of Saudi oil giant Aramco said. Amin Nasser told Reuters he expected the oil market […]
India cuts windfall tax on petroleum crude
India cut its windfall tax on petroleum crude to Rs 1,700 a tonne from Rs 2,300 a tonne, according to a government notification on Monday. The cut will be effective from Jan. 16, the order said. On Jan. 2, the government had lifted the windfall tax on petroleum crude oil to Rs 2,300 a tonne […]
Oil companies likely to cut petrol, diesel prices by Rs 5-10 next month
Oil companies may reduce petrol and diesel prices next month after releasing their Q3 results which would show their net profits cross Rs 75,000 crore, according to a report by Hindustan Times. Officials said that a review of the pricing will take place with the companies that are sitting on margins of Rs 10 per […]
Russian crude faces delivery hurdles in India as sanctions bite
Russian crude oil tankers are facing some issues in delivering cargoes at Indian ports due to the enforcement of the price cap by the Group of Seven nations and challenges with shipping, the South Asian country’s Oil Minister Hardeep Puri said Tuesday. “In the Russian case, it is a question of price cap, and it […]