United Airlines announced plans Thursday to buy 15 planes from airline startup Boom Supersonic in a move that could revive the high-speed form of air travel after the Concorde was wound down in 2003. Under the deal, United would purchase Boom’s “Overture” aircraft once the planes meet “United’s demanding safety, operating and sustainability requirements” with […]
Category: Civil Aviation
YIAPL secures ₹3,725 crore loan from SBI for development of airport in Jewar
NEW DELHI: The concessionaire of the upcoming airport at Jewar, Yamuna International Airport Pvt. Ltd (YIAPL), has secured a loan of Rs3,725 crore from the State Bank of India (SBI), it said in a statement on Friday. The funding is a crucial milestone as it validates the financial viability of the project while also outlining […]
Air travel restrictions could be eased, depending on covid cases
Union Minister of Civil Aviation Hardeep Singh Puri on Friday showed confidence and ruled out the calculation of several airline companies and aviation experts, which stated about normalcy in the aviation sector will return in 2023. He rather expects it to happen much earlier. While talking to ANI about normalcy in aviation, Puri said Indian […]
Jewar Airport development firm gets financing from SBI
The Yamuna International Airport Pvt Ltd (YIAPL) has received the final credit sanction for ₹3725 crore from the State Bank of India (SBI) for the development of Noida International Airport (NIA), it said in a statement issued on Friday. Christoph Schnellmann, the Chief Executive Officer of Yamuna International Airport Private Limited said, “We are extremely […]
Air India disinvestment will be completed in 2021, says aviation minister
The disinvestment of cash-strapped Air India is likely to happen by the end of this year, Union Civil Aviation Minister Hardeep Singh Puri said on Friday. Puri said the disinvestment process of Air India got delayed due to the second wave of the Covid-19 pandemic and assured that the disinvestment process will happen in 2021. […]
UK’s Heathrow Airport to use renewable jet fuel for first time
LONDON : Britain’s Heathrow Airport will use sustainable jet fuel for the first time as part of a test ahead of a Group of Seven (G7) rich nations summit in the country next week. The fuel, produced by Finland’s Neste and supplied by oil trader Vitol, is made entirely of renewable and sustainable waste such […]
One year on, many flyers yet to get refunds from airlines
Ahmedabad-based Viral Patel and his wife were on their way to the Andamans last December on a GoAir flight when they were redirected to Chennai after the Directorate General of Civil Aviation (DGCA) notified the airport authorities in Port Blair that GoAir was supposed to operate a cargo flight, not a passenger one. Patel is […]
‘Airlines will have to rejig contracts, raise capital to survive’
Indian carriers will need to take tough measures to survive the second wave of the pandemic, especially keeping a tight leash on costs by renegotiating contracts with vendors and aircraft leasing firms, said industry experts. The carriers would also need equity infusion from promoters to improve their financial health. Airlines, especially those with weak balance […]
IATA asks governments to take data driven decision for reopening borders
New Delhi: Global airline lobby group The International Air Transport Association (IATA) has urged governments to take data-driven decisions while reopening borders and to do away with quarantine measures to enable restarting of international travel. “Data can and should drive policies on restarting global travel that manage COVID-19 risks to protect populations, revive livelihoods and […]
Five senior pilots of Air India died in May due to Covid
NEW DELHI : Five senior pilots of Air India have died in May due to COVID-19, senior officials said on Thursday, adding that the carrier has started vaccinating its employees from May 15 onwards after a delay due to non-availability of vaccines. These five senior pilots were Captain Harsh Tiwary, Captain G P S Gill, […]
Domestic air passenger traffic fell 67% sequentially to 20 lakh in May: Icra
NEW DELHI: Domestic air passenger traffic crashed to about 20 lakh passengers in May, down 67% sequentially, due to the vicious second surge in covid-19 infections in the country, credit rating agency Icra said on Thursday. The May passenger traffic was also lower than the numbers registered during June-July 2020, when a two-month nationwide stringent […]
Indian airlines to register consolidated loss of $4.1 billion in FY2022: Capa
New Delhi: Indian airlines are likely to register a consolidated loss of about $4.1 billion during financial year 2022, similar to the losses clocked during FY2021, due to the covid-19 pandemic, aviation consultancy firm Capa India said on Thursday. As a result, airlines are expected to need close to $5 billion of recapitalisation in FY2022 […]