Revival of Jet’s full fleet is crucial for the projected turnaround of the airline as the overall cost is built into that. Any lesser deployment of aircraft or even a near-full fleet would render the operation unviable, said people familiar with the running of the airline. Before it flew into a financial crisis which ultimately […]
Category: Civil Aviation
Flights on the runway again as maintenance, repair end on Saturday
Critical runway maintenance and repair work that has been under way at Mumbai airport since February 7 is set to end this Saturday, allowing for smoother landings and takeoffs, along with the restoration of 230 cancelled flights. The nearly Rs. 100-crore project work involved recarpetting the critical 50,000 sq. mt. intersection of the two runways […]
HAL turns out 1000th aircraft
The Bangalore division of the Hindustan Aeronautics Limited, the kingpin of the H.A.L. complex in the country, celebrated here [Bangalore] to-day [March 28] the production of its 1,000th aircraft. The achievement was hailed by the Defence Minister, Sardar Swaran Singh, who flew in here from Delhi to take part in the celebration. The 1,000th aircraft […]
Etihad in talks with partner to bid for Jet
Etihad Airways is in talks with a partner to jointly bid for Jet Airways which has been put up for sale by banks which have taken control of the financially-troubled airline. Government sources said Etihad has not given up on Jet in which it held 24% stake. After banks acquired 50.1% stake in Jet, shareholding […]
Boeing rolls out software fix for 737 Max aircraft after two deadly crashes
Boeing Co on Wednesday took its most aggressive moves yet to defend its core 737 airliner franchise, saying it had developed software fixes to prevent failures of an automated flight control system that is being scrutinised after two deadly crashes in the past five months. Boeing, in the midst of one its worst crises in […]
India Inc. to witness slump in Q4 revenue growth, says Crisil
Revenue growth is likely to halve in the fourth quarter for India Inc. due to slump in commodity prices, according to Crisil Research. However, fall in input costs will shore up profitability of end-user industries. Crisil pegged the year-on-year corporate revenue growth for the current quarter at 8-9%, down sharply from the average of 16.5% […]
British Airways flight lands in Scotland instead of Germany
British Airways has been forced to apologise after a flight from London to Dusseldorf landed more than 965 km away in Edinburgh by mistake. The detour happened after a sub-contracted crew used an incorrect flight plan and set off from London City airport for the Scottish capital instead of setting course for the Rhine. British […]
IAF helicopter deployed to fight Corpn. dump yard fire in Vellalore
For the first time, the Coimbatore Corporation on Monday deployed a helicopter with help from the Indian Air Force to fight the fire that broke out at its dump yard in Vellalore on Saturday. The IAF’s Sulur Air Force Station sent an Mi-17 V5 helicopter that used bambi bucket to fight the fire. The quantity […]
Goyals step down from Jet Airways board
As at December 2018 the airline had negative net worth of Rs. 10,370 crore. Outstanding debt currently stands at about Rs. 6,000 crore. Two nominee directors of the lenders will be inducted into the board. It has further decided to constitute an Interim Management Committee to manage and monitor the daily operations and cash flow […]
Goyals step down from Jet board
Ending a nearly two month-long struggle to remain in control, Jet Airways’ power couple Naresh Goyal and his spouse Anita Goyal on Monday resigned as directors from the board of the company. Their exit paves the way for recapitalisation of the financially challenged airline through a resolution plan. The resignations of Mr. and Mrs. Goyal […]
Chinook will improve reaction capabilities, says IAF chief
The Indian Air Force (IAF) on Monday inducted the first batch of four Chinook CH-47F(I) heavy-lift helicopters, which will significantly improve airlift to high-altitude areas. “The induction of Chinook will be a game changer… This modern, multi-mission-capable, heavy-lift transport helicopter will enhance our heli-lift capability across all types of terrain to the full effect,” Air […]
Jet Airways grounds seven more planes as crisis deepens
Jet Airways grounded seven more aircraft on Saturday amid deeping crisis over non-payment of lease rentals. This takes the total number of planes grounded to 77. The airline now has only 42 of its fleet of 119 aircraft in operation. “65% of the Jet Airways fleet is grounded as of Saturday,” aviation analyst Ameya Joshi […]