Page 27 - Aviation Sector

PM to inaugurate Kushinagar international airport on Wednesday

Kushinagar is an international Buddhist pilgrimage centre

Sale of Air India will constitute an 'important milestone': IMF official

The International Monetary Fund on Monday said the sale of national carrier Air India will constitute an "important milestone" in India's privatisation efforts. Tata group has emerged as the winning bidder for the loss-making Air India, and on October 11, a letter of intent (LoI) was issued to the group. "We welcome the recent agreement on the sale of Air India, which constitutes an important milestone," Alfred Schipke, Director of IMF-STI Regional Training Institute and a former IMF India Mission Chief, told PTI in an interview. Earlier this month, the government accepted an offer by Talace Pvt Ltd, a unit of Tata group, to pay Rs 2,700 crore cash and takeover Rs 15,300 crore of Air India's debt. After Tatas accept the LoI, the share purchase agreement (SPA) for the sale will be signed. Along with Air India, Tatas will acquire low-cost carrier Air India Express and Air India's 50 per cent stake in equal joint venture AISATS. "In general, to maximise the benefits from privatisatio

Aviation firms for 'net zero' emissions ahead of target

Rolls-Royce, Airbus, and Shell investing in technology required for net zero

Procurement of expensive plane parts after senior official's nod: Air India

The airline in an order stated that if the repair of aircraft parts is going to cost more than Rs 10 lakh, it has to be first approved by the Executive Director Engineering

Taliban warns Pakistan International Airlines to reduce fares or face ban

The Islamic Emirate of Afghanistan warned the Airlines after PIA started charging up to USD 2,500 for each ticket from Kabul to Islamabad

Covid impact: Out-of-practice airline pilots are making mid-air errors

Potentially disastrous errors all took place in the US in recent months as pilots returned to work

Boeing uncovers another defect on 787 Dreamliner: Report

The company did not name the supplier, nor did it identify the part, although a report said the defect involved certain titanium parts that are weaker than they should be

Divestment-bound Air India reports Rs 7,017 crore loss for FY21

The loss after tax stood at Rs 7,017 crore in the year through 31 March 2021, down from a Rs 7,766 core loss recorded in the previous year

After Air India privatisation, aviation set to be 2nd most concentrated mkt

The top two players will control 80% of industry revenue

India's aviation sector on the verge of a turnaround?

Indian airlines' passenger traffic is rising steadily. And, in time for the festival season, airlines in India are allowed to operate at 100% capacity. What else is in favour of the sector?

Delta Air warns of rising jet-fuel cost, clouding profit rebound

Delta remains the lone holdout among the largest U.S. airlines when it comes to requiring employee vaccination against Covid-19

SpiceJet revamps website with latest technology, improved features

It said the new website is designed to facilitate quick changes, making fast introduction of new products and offers to the customers.

Tata Group airlines to be top on 10 busiest routes, shows data

On the top 100 routes in terms of departures, Tata Group is ahead of its chief rival IndiGo on 30 of them

Singapore Airlines' website crash amid surge in flight demand: Report

Singapore Airlines said it had seen "very high demand" for flights and may take longer to respond to queries from customers

Air India privatisation: Rs 16,000 cr unpaid bills to go to govt's AIAHL

As on August 31, Air India had a total debt of Rs 61,562 crore

Air India to boost Tatas' aviation ambitions

The acquisition will give the Tatas a firm footing on international routes and generate economies of scale

Alliance Air to operate flights in Mizoram from October 18: Official

Mizoram will get an additional flight service as Alliance Air will start operating on the Kolkata-Guwahati-Aizawl-Shillong sector from October 18, an official of the state claimed on Thursday

Domestic air passenger traffic grows 2-3% to about 6.9 mn in Sept: Icra

Compared y-o-y, air passenger traffic growth stood at around 74 per cent in the month under review over September 2020

Low-fare carrier SpiceJet joins hands with travel portal EaseMyTrip

Low-cost carrier SpiceJet has joined hands with online travel platform EaseMyTrip for holiday bookings, a release said on Wednesday.

Suspension of scheduled int'l passenger flights extended till Oct 31

The suspension does not affect the operation of international all-cargo operations and flights specifically approved by the aviation regulator