French aerospace firm Safran Aircraft Engines is building a new engine manufacturing plant in Hyderabad to make parts for the LEAP turbofan engine from CFM International. Towards this, Safran will be investing 36 million euro in this new plant, which will cover 13,000 square metres, including 8,000 square metres of workshops, in the Special Economic […]
Category: Civil Aviation
Flying high! AirAsia India hopes to start international operations in 2019
AirAsia India (AAI), the Tata Group promoted budget airline, in partnership with Malaysia’s Air Asia group, is hopeful of starting international operations by the end of this year, Sunil Bhaskaran, its recently appointed MD and CEO, told FE on the sidelines of a recently held aviation summit. The statement assumes significance as AirAsia India is […]
Cash-strapped Jet Airways likely to get over Rs 3,000 crore fund infusion to restart engine
Loss-making Jet Airways is likely to receive fund infusion worth over Rs 3,000 crore post debt-rejig and investments by Etihad Airways as well as National Investment and Infrastructure Fund (NIIF) while founder Naresh Goyal might remain the promoter with less than half of the existing majority stake of 51 per cent, according to sources. While […]
Aequs Aerospace going full throttle, getting recognition for precision engineering
According to a Global Market Insights Inc., report, India’s aerospace and defence market was estimated at over $10 billion in 2016 and is predicted to grow at an estimated CAGR of over 5% from 2017 to 2024. By 2029, this figure is expected to cross $70 billion. With programmes like Startup India and Skill India, […]
Privatisation of six airports: AAI receives 32 technical bids from 10 companies
A total of 32 technical bids have been received from 10 companies to operate six airports that are currently under AAI’s management, senior officials said Saturday. As part of an open international competitive bidding process, the Airports Authority of India (AAI) had sought bidders for carrying out operations, management and development of the six airports […]
GMR, Adani among 10 bidders for six non-metro airports
A total of 10 entities have submitted bids for six AAI-owned airports for privatisation. Among the bidders, GMR Airports and Adani Enterprise are offering to operate all the six aerodromes. Others bidders are Autostrade from Italy, AMP Capital Investors (UK), Mauritius-based I Investments, Cochin International Airport (CIAL), Kerala State Industrial Development Corporation (KSIDC), National Investment […]
Tribunal sets aside Rs 262 crore tax demand on Delhi International Airport
In what comes as a relief to private airport operators, the Delhi bench of the service tax tribunal has set aside the service tax demand of over Rs 262 crore on the Delhi International Airport (DIAL) for collecting ‘development fee’ from the passengers. The tribunal, in its order last month, held that development fee was […]
Blissful Tirupati tour package: Offer prayers to Lord Balaji with this IRCTC TTD package; Check details here
Tirupati tour package by IRCTC: Planning to visit Tirupati in Andhra Pradesh? Indian Railway Catering and Tourism Corporation (IRCTC), the official e-ticketing and catering arm of Indian Railways, is offering a tour package called ‘Blissful Tirupati Special Ex Mumbai’ for devotees who are planning to head towards Tirupati to offer prayers to Lord Vishnu, also […]
Spicejet likely to add 20 aircraft to its fleet this year; majority Boeing 737 Max
Budget carrier SpiceJet is likely to add 20 aircraft to its fleet in 2019 with the majority of them being Boeing 737 Max. The Boeing Max will allow the airline to fly to countries that are up to eight hours away from India. “This opens up new markets in China and countries in the Commonwealth […]
Indigo flight cancellations: ‘Mismatch’ in pilot arrival led to crisis, says airline COO
Clearing air on its worst ever crisis that has forced market leader IndiGo to cancel at least 30 flights per day till March end, the company’s top executive, Wolfgang Prock-Schauer, COO, told FE that the reason for flight cancelations is a slight ‘mismatch’ in the number of the expat pilots the company hoped to add […]
JPPL stake sale put on backburner, says Jet Airways
The stake sale in JPPL, which manages Jet Airways’ customer loyalty program Jet Privilege, has been put on the backburner but the airline has identified a potential buyer for its aircraft as part of its resolution plan, a senior company official said Friday. “We will continue to work on the stake sale in JPPL (Jet […]
Jet Airways debt at Rs 7,299 crore; troubled airline to withdraw from select domestic, overseas routes
Jet Airways CEO Vinay Dube on Friday said that the cash strapped airline has taken a decision to withdraw from some of the international and domestic routes. Addressing shareholders in a conference call, he also said that the net debt of the troubled airline stands at Rs 7,299 crore as of end December, 2018. He […]