Air India Group has accumulated losses of about Rs 47,821 crore since its takeover, leaving its prolonged transformation among the biggest unfinished projects of N Chandrasekaran's tenure.
Railway Minister Ashwini Vaishnaw will inaugurate the underground tunnel-boring work from Vikhroli to the Bandra Kurla Complex station in Mumbai on Sunday, marking the maiden use of a tunnel boring machine for the country's first bullet train project, between Mumbai and Ahmedabad.
Civil Aviation Minister Ram Mohan Naidu said the reduction in airport charges is aimed at containing airfare increases and supporting both airlines and passengers.
IndiGo is adjusting its long-haul flight schedule, including suspending services to Copenhagen, due to airspace uncertainties and airport congestion. The airline will also reduce flights to London and Manchester.
'This festival season, advance airfares for major metros are up 20 to 25 per cent from last year.'
'IndiGo will receive a sharp rap on the knuckles -- a punishment, a huge penalty. 'I look towards them creating a compensation fund.' 'I would like to think they would do that for all the passengers who are affected on every single day since cancellations began.'
China is set to build a rail link connecting Xinjiang province with Tibet, part of which will run near the Line of Actual Control (LAC) with India.
Air India on Monday said it will lease 12 more aircraft comprising both A320 neo and Boeing 777, which are expected to be inducted in its existing fleet in the first half of 2023. The new planes will be deployed on the airline's short, medium and long-haul international routes, Air India said in a statement. Air India said it has leased 42 aircraft since its privatisation in January this year.
Air India has leased a fleet of six Airbus A320 neo aircraft from CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co Limited, to boost the Tata Group-owned company's transformation journey, a statement said on Wednesday. The leasing agreement was signed on the sidelines of the Airline Economics Growth Frontiers Asia Pacific 2022 conference, said the CDB Asia statement. CDB Aviation is among the first aircraft leasing companies to secure the placement of Air India's additional A320 neo aircraft under the recently announced multi-stage transformation plan since the purchase of the airline by Tata group, which aims to increase the carrier's fleet and help it boost both domestic and international operations.
West Asian carriers are up against Air India and IndiGo in the battle for seats on lucrative international routes.
The phase II development of Infopark has received a shot in the arm with a pact being inked for fresh investments worth Rs 320 crore (Rs 3.20 billion) under the PPP route.
Sanjive Narain, owner of Assam's oldest news channel, and Sanjay Aditya Singh, promoter of a cabin crew training academy, are coming together to launch a regional airline providing business and premium economy services in the Northeast. Jettwings Airways will be based in Guwahati and will connect places with twin-class Embraer E175 aircraft. The airline has secured an initial no-objection clearance from the civil aviation ministry and plans to launch services in October.
The airline will fly the A320s between the Tier-II and Tier-III cities.
The first set of routes that it will launch internationally will be the routes that can be flown by its existing aircraft, the A320s, which will be routes within three, three-and-a-half hours of India
Despite the sops, scheduled carriers might not be interested in operating such routes.
A source in the know said realistically two-three of the seven bullet train corridors could be included as a practical election promise.
In a LinkedIn post on Wednesday, February 15, night, Nipun Aggarwal had said Air India, in addition to the order of 470 planes, had the option to purchase 370 aircraft from Airbus and Boeing.
'Within five years, we should be achieving more on the international front than what it took most airlines 15 to 20 years back.'
The government will provide necessary land at a nominal rate.
India's newest airline-Vistara is bullish on growth prospects.
Air India is set to increase capacity on domestic and international routes over the next few months as it overhauls its grounded aircraft. Air India has the approval to operate 2,456 flights per week in the summer schedule. This is more than a 16 per cent increase over 2020. But its international schedule has declined 41 per cent (compared to winter 2019) to 361 weekly departures.
The cross-border rail project near Tripura's capital Agartala and Akhaura in Bangladesh is expected to boost cross-border trade, and significantly reduce the travel time between Agartala and Kolkata via Dhaka.
Air travel penetration in India remains small in global terms, with 0.04 annual trips per capita against 0.3 in China and more than two in the United States.
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
Know the forts India has nominated to the UNESCO World Heritage list.
AirAsia India, which started operations on June 12 2014, had a market share of 6.2 per cent of the domestic traffic in April.
The annual Amarnath yatra to the 3,880-metre high cave shrine in the south Kashmir Himalayas will commence on June 28 and culminate, as per the tradition, on the day of Raskha Bandhan festival on August 22, officials said.
The two hijackers had hand grenades and had threatened to explode them.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
Planemakers have started pitching their latest aircraft to a privatised Air India which has been acquired by salt-to-steel conglomerate Tata Sons. European aerospace major Airbus on Monday said that it is in talks with the airline to sell its long haul aircraft Airbus A350-900. The wide-body aircraft is capable of flying non-stop between India and United States- one of the most popular and revenue generating routes.
27 mountaineers perished in an avalanche in the mountains of Uttarakhand last week. The mountaineers were returning from a trek to the Draupadi's Danda mountain peak when disaster struck at 8.45 am in the morning.
On Wednesday, Air India had carried out a test flight landing at the naval base.
Air India, SpiceJet, IndiGo and AirAsia India ready to fill in the gap.
Falling jet fuel prices and a revival in domestic traffic growth offer the new CMD a once in a lifetime opportunity.
Air-India has no plans to operate on the domestic sector, Minister of state for Civil Aviation Rajiv Pratap Rudy informed the Rajya Sabha on Tuesday.
The inaugural flight took off in the presence of Minister of State for Civil Aviation, Mahesh Sharma, along with a number of other people.
The high speed bullet train is expected to cover 508 km between in about two hours.
Everything you wanted to know about the Mumbai-Ahmedabad bullet train but didn't know who to ask.
The Indian Meteorological Department, meanwhile, warned of intense spell of 30 to 50 mm rainfall per hour with strong winds in Mumbai and suburban areas.
The C919 - a twin-engine, narrow-body aircraft seating up to 174 people - is similar in size to the Airbus 320.
