The UK’s data privacy watchdog has fined British Airways more than £183 million after computer hackers last year stole bank details from hundreds of thousands of passengers, the pair said on Monday. The UK Information Commissioner’s Office (ICO) said it had issued a notice of its intention to fine BA £183.39 million ($229.7 million, 205 […]
Category: Civil Aviation
Upgraded BrahMos with 500-km range ready: CEO of BrahMos Aerospace
NEW DELHI: The upgraded version of the homegrown BrahMos missile with an enhanced range of up to 500 km is ready, the CEO of BrahMos Aerospace, Sudhir Kumar Mishra, has said. Mishra, in an interview broadcast on Doordarshan News Sunday, said it is possible to increase the range of this missile because India is now […]
Saudi carrier flyadeal ditches grounded Boeing MAX for Airbus
Saudi budget carrier flyadeal has withdrawn a provisional order for Boeing’s grounded 737 MAX jets, the US plane maker said Sunday, as the airline confirmed a new order for Airbus A320 aircraft. “We understand that flyadeal will not finalise its commitment to the 737 MAX at this time given the airline’s schedule requirements,” a Boeing […]
Budget airline GoAir announces seven new international routes
NEW DELHI: India’s budget airline GoAir will be expanding its international footprint starting July 19 onward, with seven new international routes. GoAir will be starting daily flights from Mumbai and Delhi to Abu Dhabi, Muscat and Bangkok. Flights will also be operations from Kannur to Dubai and back, and to Kuwait and back. Out of […]
Budget 2019 plans aircraft financing, plane leasing for aviation sector
Prime Minister Narendra Modi’s administration plans to make India a hub for financing aircraft purchases and leasing of planes, as the South Asian nation moves to support local carriers, which are among the biggest customers for Airbus SE and Boeing Co. “As the world’s third largest domestic aviation market, the time is ripe for India […]
Mumbai airport main runway finally operational after 86 hours
MUMBAI: The main runway at Mumbai’s Chhatrapati Shivaji International Airport, which was closed since 1 July, is finally fully operational on Friday afternoon, after the airport authorities managed to clear an aircraft that had overshoot the runway, an airport spokesperson told Mint. A SpiceJet aircraft flying between Jaipur and Mumbai had skidded off the main […]
NCLT to next hear Jet Airways case on 23 July
The Mumbai bench of the National Company Law Tribunal (NCLT) on Friday said that it will hear the insolvency case against Jet Airways (India) Ltd. and next progress report by the insolvency resolution professional (IRP), who have been approved by the court to oversee the insolvency proceedings of the airline, on 23 July. The tribunal […]
HC judge recuses from hearing Jet Airways founder Naresh Goyal’s plea
NEW DELHI: Delhi High Court judge Vibhu Bakhru recused himself on Friday from hearing Jet Airways founder Naresh Goyal’s petition which challenges a look out circular (LOC) issued against him barring him from travelling outside the country. When the case came up for hearing before Bakhru, he said “this matter will have to go before […]
Budget 2019 sets the ball rolling for FDI in aviation
Mumbai: The government has proposed to hike the foreign direct investment ( FDI) limit in domestic air carriers from existing 49%, finance minister Nirmala Sitharaman said in her maiden budget speech on Friday. “The government will examine suggestions of further opening up of FDI in aviation, media (animation, AVGC) and insurance sectors in consultation with […]
Time for India to venture big into aircraft leasing, financing: Sitharaman
New Delhi: Finance minister Nirmala Sitharaman has said the government will bring out a policy framework for making India a global hub of aircraft financing and leasing activities. The idea is to encourage new industries to come up leveraging India’s existing capabilities that will add more quality jobs. The time has come for India to […]
Jet Airways row: Delhi HC to hear Naresh Goyal’s plea
New Delhi: The Delhi High Court is scheduled to hear on Friday a petition filed by former Jet Airways chairman Naresh Goyal seeking quashing of the Look Out Circular (LOC) issued against him. The circular was issued against Goyal by the Corporate Affairs Ministry after it found several irregularities in the airline company, which had […]
MCA orders fraud probe against Jet Airways
MUMBAI: Even as the bankers are trying to resolve the insolvency at the debt ridden Jet Airways Ltd, the Ministry of Corporate Affairs (MCA) on Thursday order a probe by the Serious Fraud and Investigations office (SFIO). A copy of the MCA order has been reviewed by Mint. MCA in the order said that seven […]