New Delhi, Feb 25 () It will be very conducive if India and Russia can speedily conclude the agreement on mutual recognition of diplomas and degrees, said Mikhail Pogosyan, rector, Moscow Aviation Institute (MAI), on Monday. “I believe it will also be very conducive to have a speedy conclusion of this agreement of recognition of […]
Category: Civil Aviation
SBI says no decision taken on moving NCLT against Jet Airways
New Delhi, Feb 25 () State Bank of India Monday said no decision has been taken on moving the National Company Law Tribunal (NCLT) against Jet Airways. On Sunday, officials associated with the lenders and key shareholders said SBI was considering moving the tribunal seeking insolvency proceedings against Jet Airways since it is running out […]
Airlines told to frisk flyers at boarding gates after hijack call at Airoli BPO
NAVI MUMBAI/NEW DELHI: An FIR has been registered against an unknown caller who called up on the toll-free number of an Airoli-based BPO and claimed that an Air India flight will be hijacked. Senior Inspector Nitin Gite of Rabale MIDC police station said, “ The call + was received at Sutherland Global Services’ office around […]
GMR-TERNA JV signs deal for new Crete airport in Greece
NEW DELHI: Expanding its overseas portfolio, GMR Airports Limited and its Greek partner TERNA Group signed the concession agreement for building and operating a new international airport of Heraklion at Crete, Greece. The infra major will construct the first phase of this airport in five years while the project’s concession period is 35 years Greece […]
TSA adds Air India to list of airlines whose flyers can avail its ‘PreCheck’ programme
NEW DELHI: Air India’s direct flights between India and the US are set to get even more convenient for citizens, nationals and permanent residents of America. Transportation Security Administration (TSA) of America has now included AI in the list of airlines whose passengers can avail its ‘PreCheck’ programme. “TSA Pre is an expedited screening programme […]
Banks’ consortium considering Rs 500 crore interim funding to Jet Airways, says PNB chief
NEW DELHI: A consortium of banks is considering an interim funding of Rs 500 crore for debt-laden Jet Airways but a final decision is yet to be taken, Punjab National Bank managing director Sunil Mehta said on Friday. PNB is part of the lenders’ consortium, led by State Bank of India (SBI), that has extended […]
SpiceJet announces 12 new direct flights on domestic network, starting March 31
PUNE: The officials said that the airline is the first Indian carrier to introduce daily direct flights on the Bhopal-Surat-Bhopal, Gorakhpur-Mumbai-Gorakhpur and Jaipur-Dharamshala-Jaipur sectors. SpiceJet is also the first budget airline to connect Bhopal, the city of lakes with Delhi. All the new flights introduced will be operational daily, except the evening flight on the […]
Aircraft with Zimbabwe VP on board develops snag, grounded at IGIA
NEW DELHI: An aircraft with Zimbabwean vice president Constantino Chiwenga and his delegation on board developed a snag at IGI Airport on Friday when the dignitaries were about to fly back to their country. According to sources, the Boeing 737 (A6-RJX) taxied out at 7 pm for taking off for Zimbabwe. However, soon afterwards it […]
Tata Trusts chief, ex-CEO of TCS exit AirAsia India
MUMBAI: R Venkataramanan, managing trustee of Tata Trusts, and S Ramadorai, former CEO of TCS, have exited budget carrier AirAsia India by selling their shares to Tata Sons. The duo has also stepped down from the board, ending their two-year association with the controversy-stricken airline. After the share-purchase, Tata Sons, the holding company of the […]
Managing debt a big challenge: Air India CMD
HYDERABAD: The newly appointed Air India chairman and managing director Ashwani Lohani, who is serving his second stint in the beleaguered flag carrier, on Friday said that managing the humongous debt is proving to be an uphill task for the airline. Addressing the students at the ISB Policy Conclave, Lohani said, “Right now the biggest […]
Lessors doubt Jet Airways rescue plan, pull out more planes: Report
SINGAPORE/BENGALURU: International lessors have grounded more Jet Airways planes prior to potentially moving them out of India, as scepticism builds whether a state-led bailout of the carrier can clear their dues on time, sources familiar with the matter said. The troubles at India’s Jet, which is saddled with a billion dollars in debt, have rekindled […]
Jet Airways holds shareholders’ meeting
MUMBAI: Crisis-hit Jet Airways on Thursday convened a meeting of its shareholders where various proposals, including conversion of loans into shares, were discussed. The cash-strapped full service airline is looking for funds and restructuring of debt. Jet Airways founder promoter and Chairman Naresh Goyal did not attend the extraordinary general meeting, which was chaired by […]