Rolls-Royce has recently unveiled a significant development in its partnership with IndiGo, a prominent Indian airline, with an agreement to supply 60 Trent XWB-84 engines. This marks the first collaboration between Rolls-Royce and IndiGo, underlining the growing importance of the Indian aviation market for the renowned engine manufacturer. Under the terms of the agreement, Rolls-Royce’s […]
Category: The Financial Express
The Financial Express
Private airports projected for 30% revenue surge amid escalating traffic: Crisil report
Due to escalating traffic, private airports in the country are poised to experience a 30% surge in their topline this fiscal year, a report stated on Thursday. With the rise in passenger volume, airports are projected to witness an increase in both aeronautical and non-aeronautical revenues. According to a report by credit rating agency Crisil, […]
Big leap for aviation industry! Honeywell Technology revolutionises sustainable aviation fuel production, reducing costs and waste
Honeywell today made a bid announcement regarding hydrocracking technology that can be used in the production of sustainable aviation fuel (SAF) from biomass. The fuel will be 90% less carbon intensive compared to traditional fossil-based jet fuels. The new Honeywell technology claims to manufacture 3-5 % more sustainable aviation fuel and results in cost savings […]
IndiGo’s head Rahul Bhatia lauds unmatched growth of India’s Aviation sector
InterGlobe Group Managing Director Rahul Bhatia, the parent company of India’s largest airline Indigo, praised India’s noteworthy progress in the aviation domain, as ANI reported. Bhatia stated,” The noteworthy development of airport infrastructure, highlighting its transformative impact on air travel accessibility.” These days air travel has become an essential part of the infrastructure of India […]
Aviation travel trends: Most travelers opt for midday departures; Rishikesh and Amritsar draws Delhiites, Mumbaikars choose Goa
The world of air travel in India is a dynamic space, constantly shaped by the preferences and habits of millions of travelers. A recent report by MakeMyTrip, an online travel company, reveals fascinating travel patterns of Indians, on both domestic and international routes. According to the report, approximately half of all domestic flyers opt for […]
Collins Aerospace looks at higher sourcing of components from India
The global aviation recovery has accelerated the sourcing of components from India, Keshav Prasad, director, India supply chain, Collins Aerospace told FE. The company expects to grow its sourcing from supplier partners in India by around three times over the next three to four years, he said. According to Prasad, the growth in sourcing from […]
Auto parts makers to inject Rs 25,000 crore for EV biz: ICRA
To support India’s journey to electrification, auto component makers will make investments of Rs 25,000 crore in 3-4 years to make components for the electric vehicle industry. This capital expenditure will be used for capacity building, technology and product enhancements, research and rating agency ICRA said on Tuesday. About 45-50% of this, would be towards […]
Pavna Industries to supply ignition switches and latches to Ola Electric
Pavna Industries has announced that it has inked an agreement with Ola Electric to supply ignition switches and latches. This contract further consolidates the company’s foray into the two-wheeler electric vehicle segment. Under this agreement, Pavna Industries commits to providing high-quality ignition switches and latches to Ola Electric across its manufacturing plants in India. Commenting […]
Macquarie to invest $1.5 bn in EV leasing, charging infra
Macquarie Asset Management (MAM) on Monday launched Vertelo, a platform to provide end-to-end solutions in fleet electrification, and committed to invest $1.5 billion over 10 years in India. The company aims to accelerate the transition of fleets to EVs and build an ecosystem by offering leasing, financing, charging infrastructure, fleet management services and end of […]
Sona Comstar inaugurates new plant in Mexico to serve Northern America EV market
Sona Comstar has opened a new manufacturing unit in the Fipasi Industrial Park, Silao, Mexico. This strategic expansion aims towards meeting the growing demand for high-quality driveline solutions for Battery Electric Vehicles (BEVs) in North America. This facility in Mexico will be equipped with advanced manufacturing technologies, adhering to the highest quality and safety standards. […]
Mumbai- Ahmedabad Bullet Train Project: Ashwini Vaishnaw shares major insights on progress of India’s first bullet train – Here’s the latest
Union Railway Minister Ashwini Vaishnaw has confirmed the significant progress of India’s first bullet train, expected to commence operation on the Ahmedabad-Mumbai route by 2026. Over the span of six years, more than 290 km of track out of the total 508 km, including bridges over 8 rivers and construction of 12 stations, have been […]
Indian Railways’ Summer Rush: Over 41 crore passengers travelled by train in April, officials highlight strain on services
The Indian Railways on Monday (April 22) informed that over 41 crore people traveled by train until April 21, highlighting the strain on its operations and passenger services. “Indian Railways has carried 41.16 Crores passengers during April 1- 21. The last weekend — April 20 and 21 — witnessed 3.38 crores passengers taking train journeys […]