British Airways passengers stuck at Hyderabad’s Rajiv Gandhi International Airport

HYDERABAD: About 200 passengers scheduled to fly British Airways to London Heathrow, from RGIA airport here were left stranded for more than 24 hours due to a technical glitch in the engine. Passengers were fuming at the airline officials for not giving proper information about the actual time of the departure of the flight. The […]

New version of Tejas in three years: HAL

BENGALURU: Buoyed by the Final Operational Clearance (FOC) issued to Hindustan Aeronautics Ltd’s Light Combat Aircraft (LCA) Tejas-Mk1 by Indian Air Force, HAL officials announced that the development of Mk1A and Mk2 has been taken up. Arup Bannerjee, Director, Engineering Research and Development, said Aeronautical Development Agency has taken up the same and Mk1A version […]

Jet Airways resolution plan clear on fresh equity infusion

MUMBAI: Even as Jet Airways shareholders voted for the resolutions to increase equity capital of the company and conversion of debt into equity, there was only the promise of fresh equity infusion and no specific plans laid out. In the absence of chairman and promoter Naresh Goyal, the Extraordinary General Meeting was chaired by Gaurang […]

Boeing expresses confidence in HAL’s capabilities amid Rafale stir

BENGALURU: Aerospace major Boeing on Thursday said it is confident of the capabilities of Indian defence PSU Hindustan Aeronautics Ltd (HAL) in building platforms for its aircraft. HAL had come under controversy and its capability questioned after the Rafale deal. Boeing had earlier announced a partnership with HAL and Mahindra Defence Systems for manufacturing the […]

India woos investors in defence manufacturing as Aero India begins

BENGALURU: India on Wednesday wooed investors to capitalise on the ecosystem prevailing in the aerospace and other sectors and pitched for joint venture partnerships, saying it offered a big market in Defence manufacturing. Defence Minister Nirmala Sitharaman made the pitch for investors seeking to give a big push for the ‘Make in India’ initiative at […]

Lenders waiting for details of SBI’s Jet Airways restructuring plan

HYDERABAD: Cash-strapped Jet Airways and its lead lender SBI are frantically piecing together a restructuring, resolution and revival plan, but the airline’s 25 other lenders are still awaiting details. Three public sector banks this newspaper spoke to confirmed that only an outline of the proposed package had been shared with the banking consortium so far, […]

Defence Minister Nirmala Sitharaman flags off Aero India, says Modi government taking steps to encourage defence manufacturing in India

BENGALURU: Defence Minister Nirmala Sitharaman on Wednesday flagged off the 12th edition of Aero India, at Yelahanka Air Force Base, in Bengaluru, on Wednesday. The five-day event will witness the participation of leading international defence and civil aviation firms. The event was started after mourning the death of Wing Commander Sahil Gandhi by observing silence […]