Shifting political winds during the US November mid-term elections could spell trouble for automakers’ hopes of getting billions of dollars in consumer tax credits that would help the United States compete with Chinese and European rivals. General Motors Co, Ford Motor Co, Chrysler-parent Stellantis NV and Toyota Motor Corp have pledged to invest more than […]
Category: The Times of India
Times of India
Air industry recovery gathering pace despite uncertainty: IATA
DOHA: Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry’s return to profit is “within reach” in 2023 despite ongoing uncertainty, the International Air Transport Association said on Monday. Industry losses are expected to drop to $9.7 billion this year, a “huge improvement” from $137.7 billion in […]
Airlines’ losses globally will be down to $9.7 bn this year: IATA DG
DOHA: The airlines’ losses globally are expected to be down from $52 billion in 2021 to $9.7 billion this year and industry-wide profit should be on the horizon in 2023, Director General of IATA Willie Walsh said on Monday. International Air Transport Association (IATA) represents some 290 airlines comprising 83 per cent of global air […]
Twin bird hits sends alarm bells ringing; DGCA asks airports to act quickly to minimise risk
NEW DELHI: Following two bird hits on Sunday — one each on SpiceJet and IndiGo that those sent those flights back to the origin airports soon after take off — the Directorate General of Civil Aviation (DGCA) on Monday asked airport operators to immediately take steps to minimise this risk. The incidence of bird hits […]
Airline profitability likely in 2023: IATA
MUMBAI: After two years of being pummeled by the Covid pandemic, the airline industry is likely to get back on its feet and record an industry-wide profitability in 2023, according to global airlines’ trade body, the International Air Transport Association (IATA). The trade body began its 78th annual general body meeting on Monday in Doha […]
Don’t sell more business class tickets than number of serviceable seats: DGCA directs AI
NEW DELHI: Buying a business class ticket on Air India has meant travelling in economy for many passengers thanks to the airline’s old fleet with poorly maintained cabins. Following protests by a London-bound passenger in Amritsar over this issue last month, the Directorate General of Civil Aviation (DGCA) conducted a probe into the same where […]
Akasa Air takes delivery of first aircraft Boeing 737 MAX
MUMBAI: Ace investor Rakesh Jhunjhunwala-promoted Akasa Air’s first aircraft Boeing 737 MAX arrived in New Delhi on Tuesday, bringing it closer to securing the mandatory Air Operator Permit to start operations. The airline had received the ceremonial keys for the aircraft in Seattle, the US, on June 15, Akasa Air said in a statement. This […]
Servotech develops solar performance monitoring device ComPort
Servotech Power Systems announced that it has developed a solar performance monitoring and controlling device called ComPort. The device will identify defects, issue notifications, diagnose issues and suggest O&M (operation and maintenance) tasks. Servotech Power Systems has developed a first-of-its-kind solar performance monitoring and controlling device in association with the German development agency Deutsche Gesellschaft […]
On-road hydrogen vehicles to cross 1 million globally by 2027
The number of hydrogen vehicles in service globally is likely to exceed 1 million in 2027, from just over 60,000 in 2022 — a substantial growth of over 1,500%, a new report showed on Monday. Hydrogen vehicles use hydrogen propulsion systems as their onboard fuel. The chemical energy of hydrogen and oxygen reacts with the […]
China’s May coal imports from Russia jump 51% from April
BEIJING: China’s thermal coal imports from Russia jumped 51% in May from the prior month, as buyers snapped up the attractively priced fuel ahead of anticipated strong demand in summer. The world’s biggest coal consumer brought in 3.3 million tonnes of thermal coal from Russia last month, up from April’s 2.19 million tonnes, data from […]
China’s May oil imports from Russia soar 55% to a record, surpass Saudi supply
SINGAPORE: China’s crude oil imports from Russia soared 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on discounted supplies amid sanctions on Moscow over its invasion of Ukraine. Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean […]
Air India considering procuring over 200 new planes; 70 per cent to be narrow-bodied jets
DOHA: Tata Group-owned Air India is considering buying more than 200 new planes with 70 per cent of them being narrow-bodied aircraft, aviation industry sources said on Sunday. While Air India has zeroed in on Airbus’s A350 wide-bodied aircraft for the procurement, the talks with Airbus and Boeing for narrow-bodied aircraft is still on, they […]