NEW YORK: Shares of Boeing plummeted by more than 12 percent on Monday in premarket trading, the day after the crash of a Boeing 737 Max 8 in Ethiopia killed 157 people. The crash was the second in less than six months to involve the popular model of an airliner, causing air carriers in Ethiopia, […]
Category: Civil Aviation
Ethiopian crash throws spotlight back on Boeing’s 737 Max jets
These are worrying hours for Boeing Co. and tragic ones for 157 families. The second crash of a 737 Max jet in five months raises inevitable questions about the safety of the U.S. manufacturer’s flagship single-aisle aircraft, even though it’s still not known what caused the latest disaster. The company must respond with total transparency […]
What is the Boeing 737 Max and which airlines fly it?: QuickTake
First flown in 1967, Boeing Co.’s 737 has become the world’s best-selling commercial aircraft. The fourth generation of 737s — known as the 737 Max — made its debut in 2017 when Indonesian discount carrier Lion Air became the first commercial operator. Yet two fatal crashes within five months — Lion Air flight 610 in […]
Jet delays repayment of ECBs
NEW DELHI: Cash-strapped Jet Airlines on Monday announced that the part repayment of the External Commercial Borrowing (ECB) availed by the company has been delayed.“This is to inform you that the part repayment of the External Commercial Borrowing availed by the company, for working capital purposes, falling due on 11 March 2019, has been delayed […]
Amid reports of loan approval cash-strapped Jet Airways shares jump over 4 per cent
NEW DELHI: Shares of Jet Airways gained over 4 per cent Monday amid reports that the cash-strapped airline has secured a loan worth over Rs 2,000 crore from Punjab National Bank (PNB). Intra-day, the stock rose 4.68 per cent to a high of Rs 254.50 on BSE. Similarly, on NSE, the scrip rose to an […]
Biju Patnaik International Airport of Bhubaneswar gets prestigious ASQ award
BHUBANESWAR: The Biju Patnaik International Airport (BPIA) in Bhubaneswar has won the prestigious Airport Service Quality (ASQ) award for being the best airport in size and region for the year 2018. Chandigarh Airport, Devi Ahilyabai Holkar Airport in Indore, SM Badaruddin II Airport in Indonesia, SS Kasim II Airport in Indonesia and Yichang Sanxia Airport […]
Thiruvananthapuram airport privatisation issue: Kodiyeri Balakrishnan flays Shashi Tharoor
THIRUVANANTHAPURAM: CPM state secretary Kodiyeri Balakrishnan has come out against Shashi Tharoor MP in the Thiruvananthapuram airport privatisation issue. Terming Tharoor’s silence in the issue mysterious, Kodiyeri said it should be suspected whether the MP acted as a middle-man in the alleged deal in which Adani group won the bid. The Left will go to […]
Trujet Airways announces special offers
HYDERABAD: With an objective to provide affordable flying experience to one and all, Trujet Airways will launch exclusive offers on March 8. Taking forward India’s UDAN project which connects various unreserved and underserved cities to the metropolises, the airline will be offering over one lakh seats at a base fare of Rs 799 as part […]
49 out of 119 Jet Airways aircraft are grounded: DGCA official
NEW DELHI: More aircraft of beleaguered private carrier Jet Airways have been grounded, mainly due to non-payment to lessors, taking the total number to 49, senior DGCA official said on Thursday. “At this moment, they (airline) have 70 aircraft that are operational. At early December, they were operating 100 aircraft,” a Directorate General of India […]
Disciplinary action against Air India officials for stealing food
NEW DELHI: The national carrier Air India has taken disciplinary action against its four employees for allegedly stealing unserved food and dry ration from its planes. In August 2017, Air India had issued an internal communication saying that ground staff and officers often take out unserved food and dry ration “for their personal consumption” on […]
AgustaWestland case: Christian Michel claims in court CBI asked him to implicate certain persons
NEW DELHI: Christian Michel, arrested in the Rs 3,600-crore AgustaWestland chopper deal, alleged before a Delhi court on Tuesday that CBI had asked him in Dubai to implicate certain persons in the case, failing which he would face problems in jail. The threat to him was given before he was extradited to New Delhi, he […]
Jewar airport: Papers to be put up before panel, says YEIDA
GREATER NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) on Tuesday said the bid document and concessionaire agreement for the sanctioned Jewar airport will be put before the Project Monitoring and Implementation Committee (PMIC) on Thursday. Set up by the Centre to expedite the implementation of the Greenfield Noida International Airport, once the PMIC approves […]