The maintenance, repairs and overhault firm, which has six investors, received its first external funding from GTI Group and Punj Lloyd in 2007. All existing investors will exit the company following the transaction.
Noida International Airport is set for its grand opening as roads are fixed and infrastructure preparations near completion. Here's what's ready and what to expect from the launch.
The Noida International Airport (NIA), being developed as a greenfield aviation hub in Jewar, Gautam Buddh Nagar, is on track to begin operations by the end of this year.
The presence of an engine maintenance, repair, and overhaul (MRO) facility in India could have prevented Go First airline from going "belly up", as sending engines abroad for servicing is not an efficient way to operate a carrier, Piyush Srivastava, senior economic advisor, Ministry of Civil Aviation, said in a statement on Tuesday. On May 3, Go First suspended its flights and filed for insolvency, squarely blaming engine manufacturer Pratt & Whitney (PW) for its cash crunch. The airline claimed that about half of its 54 aircraft were grounded on May 3 due to a delay in the supply of engines by the US-based company. PW has denied the charges.
Prime Minister Narendra Modi on Wednesday asked the Congress to tell the nation who prevented India's military response after the 26/11 Mumbai terror attacks linked to Pakistan, and accused the party of weakening the fight against terrorism when in power.
The Adani group plans to bid for setting up duty-free shops at the Macau international airport, as India's largest airport operator spreads its wings overseas. In a stock exchange filing, Adani Enterprises, the flagship firm of the conglomerate run by billionaire Gautam Adani, said it has completed the incorporation of a wholly-owned subsidiary, MTRPL Macau Ltd, in Macau on November 20. The subsidiary has been incorporated for the purpose of getting into the duty-free industry.
The alliance for engine maintenance, repair and overhaul would work under the brand The A Team.
Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez on Monday inaugurated the Tata Advanced System Limited (TASL)-Airbus facility in Vadodara to manufacture C-295 military aircraft in India.
The number of such incidents stood at 25 in 2015, 31 in 2014 and 23 in 2013.
'Government shouldn't be in the business of running airlines, instead it should develop the ecosystem of civil aviation.'
Hari Kumar lauded Adani's efforts in aligning their roadmap to the requirements of the Indian Navy and establishing an ecosystem of partners and capabilities to enable Aatmanirbharta in defence and security.
In the aviation sector, 100 per cent FDI is allowed under automatic route for MRO (maintenance, repair, overhaul), ground handling, and aircraft purchase.
These airports are those at Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy.
The recent spate of technical glitches in aircraft has prompted the Directorate General of Civil Aviation (DGCA) to issue an order on July 18, making aircraft maintenance engineers (AMEs) with category B1/B2 licences the final authorities in certifying planes. This has put the spotlight on the availability of such personnel. According to the order, airlines were resorting to frequent one-off authorisation by the Category A certifying staff at transit stations, which is not in line with existing regulatory provisions.
Enormous debt isn't the only thing afflicting Air India. Its work culture is an equal culprit in its downfall.
Overseas airlines can operate unlimited number of flights into and out of India.
India and the US on Thursday said they are looking forward to the reconvening of the India-US Trade Policy Forum later this year to further enhance trade relationship and identify new areas for engagement.
The fairy tale turnaround story has, however, taken a few knocks after a second wave of the pandemic has brought a series of default notices and has posed the toughest test for the 55-year old Singh to save the airline he founded and sold to the Marans only to assume control later.
Indian carriers are expected to double their fleet size by 2020 to 1,000 aircraft by 2020, promising a huge opportunity for the maintenance, repair and overhaul business.
'The future is about autonomy and tanking.'
It is learnt that the Chinese JF-17 was cheaper but could not match the technical parameters of the Tejas Mk-IA variant and the offer of maintenance of the Su-30 fleet as proposed by India.
The Southeast Asian nation has been focusing on modernising its military in the face of myriad security challenges as well as decades-long territorial disputes with China in the South China Sea.
Sixteen aircraft will be delivered in a flyaway condition by the Airbus Defence and Space of Spain within 48 months of signing the contract while the remaining 40 planes will be manufactured in India, according to the defence ministry.
The sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
The consortium of UAE-based businessman Murari Lal Jalan and UK-based private equity fund Kalrock Capital is rushing to restart Jet Airways' operations, even though differences have emerged over who will fund expenses before operations commence, sources said. The airline applied to the Directorate General of Civil Aviation (DGCA) for recertification of its air operator certificate in the last week of January. The regulator is likely to inspect the airline's preparedness to operate a flight in the middle of this month, after which it will be asked to operate a proving flight to demonstrate its ability to conduct flights safely and in accordance with rules.
IndiGo was the only airline to have reported profits during this period, barring 2011-12 when it made a loss of about Rs 88 crore (Rs 880 million.
The airports, which have been shortlisted from 50 cities and towns in remote areas and various unconnected regions across the country, would come up at Tezu (Arunachal Pradesh), Kishangarh (Rajasthan), Jharsuguda (Odisha), Hubli and Belgaum (Karnataka), Civil Aviation Minister Ashok Gajapathi Raju told reporters in New Delhi on Tuesday.
'Ex-servicemen engineers and technicians are true professionals worthy of being 'Make in India' agents. They can be trusted to bring long term dividends -- it is in their character to be long term loyalists!' says Air Marshal P V Athawale (Retd).
'If a drone can't fly airspace without the DGCA knowing about it, how did such a big plane get airborne?' 'The DGCA knows this aircraft had undergone major repairs. Now, the question is who allowed it.' 'The DGCA cannot come out of this.'
Indian airlines are running into losses.
Jaishankar said that the resolution on Kashmir introduced by Jayapal in the House is not a fair characterisation of the situation in J-K. And also said that he has no interest in meeting the Congresswoman.
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The nomination of cluster heads for defence, infrastructure and finance business is awaited.
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