There is enough room for growth in smaller Indian towns as per US and European aircraft manufacturers
Boeing 737 MAX planes were globally grounded in March 2019, after two of these crashed within five months, raising safety concerns.
Banking sources said IDBI Bank, along with another banks, was syndicating the loan. The move came after Air India failed to get funding interest from European commercial banks despite the loan carrying sovereign guarantees. The European banks' reluctance reflects how lenders have turned risk averse when it comes to aviation funding.
The Russian plane that crashed in Egypt's Sinai Peninsula over the weekend, killing all 224 people aboard, broke up high in the air, an official said.
The airliners will be withdrawn from Air India, sent to France to fit airborne radars, then handed over to DRDO to be integrated with the complex software that will allow these aircraft to function as 'eye-in-the-sky' controllers of air force battles.
'We are going to have plane crashes left, right and centre.'
Tata Sons will increase its stake in budget carrier AirAsia India (AAI) to 83.67 per cent by acquiring an additional 32.67 per cent for $37.66 million from AirAsia Investment Ltd (AAIL), according to a regulatory filing. Currently, AAIL, which is a wholly-owned subsidiary of Malaysia-based AirAsia, holds 49 per cent stake in the Bengaluru-based AirAsia India. In a regulatory filing to stock exchange Bursa Malaysia, AirAsia said, "The board of directors of AirAsia wishes to announce that its wholly-owned subsidiary AAIL and Tata Sons Pvt Ltd, India, on December 29, entered into a share purchase agreement."
This is an exceptional case of extension beyond the 330-day limit under the insolvency and bankruptcy code.
The defence and aerospace sectors have seen at least over Rs 10,000 crore worth of MoUs being signed during the summit.
To become a type-rated pilot, a person has to take additional training.
"No airline is making money in India because they are selling below cost. The country is seeing a 25 per cent annual growth rate in air passenger traffic, but some slowdown is also expected. These are some of the pains when markets open up," said John Leahy, chief operating officer (customers), Airbus. Leahy, however, declined to offer details.
The airline, which is slated to get its first Airbus A-320 soon, had earlier announced plans to start operations in October.
Air India is seeking government approval to raise a Rs 2,000 crore loan and refinance $819 million aircraft debt, which would help tide over the financial crisis.
On Thursday, the cockpit voice recorder for EgyptAir Flight 804 was found in a damaged condition, an Egyptian investigative committee said after the wreckage of the ill-fated plane was recovered on Wednesday.
Aviation turbine fuel accounts for 35-40 per cent of the total operating cost of an Indian airline.
DGCA rules require pilots to service a six-month notice.
Bengaluru added four of the eight new innovation centres to emerge as the fifth global hub for innovation.
'The pilots and the ATC both did not follow the protocol'
Saudi Prince Alwaleed bin Talal bin Abdulaziz Alsaud, chairman of Kingdom Holding company will become the first private owner of A380 Flying Palace, Airbus said.
The airline with a 66-aircraft fleet said on Monday that it would be inducting 16 planes this year and the remaining 12 by 2014.
Investigators on Sunday began probing the crash of a Russian Airbus plane in Egypt's Sinai Peninsula that killed all the 224 people on board.
French air investigators are examining one of the black boxes of the doomed Germanwings plane to find out why the aircraft crashed into a mountain in the French Alps, killing the 150 people on board.
Currently, Vistara has more than 22 planes and operates around 850 flights every week.
"When the A320 plane, which did not have any passengers as it was heading to Moscow to bring back stranded Indians under Vande Bharat Mission, had reached Uzbekistan's airspace, our team on ground realised that one of the pilots had tested COVID-positive," senior Air India officials said.
An Airbus A-380 of the Singapore Airlines (SIA) on Friday took off from Singapore for Delhi, marking the maiden flight of the superjumbo to India.
The low-cost carrier of West Asia and North Africa has signed a contract with Airbus for 34 A320 with an option for 15 more, Air Arabia said in a statement. The deal would more than triple the size of Air Arabia's fleet and underlines its stated ambition to increase its total operating fleet to over 50 aircraft by 2015.
Six new airlines, three national and three regional, are set to join the market even as the sector remains dogged by massive losses.
Aluminium has one third the weight of steel and is highly malleable and elastic.
Commercial operations of the largest aircraft, Airbus A-380, will begin in India from May 30, with Singapore Airlines on Monday announcing it would start daily flights of the superjumbo to Mumbai and Delhi from then.
The world's largest passenger aircraft A-380 touched down for the first time in India on Sunday to mark the second anniversary celebrations of Kingfisher Airlines.
IndiGo has about 400 planes on order.
A leaked transcript of Flight 9525's final terrifying minutes reveal Captain Patrick Sondheimer's desperate attempts to stop Andreas Lubitz from apparently sending the plane into a death-dive killing himself and the 149 people aboard.
Industry sources say the demand for premium traffic on the route has shown a dip over the last few years and yields too have fallen.
Empty middle seat, no duty-free shopping to be new normal till WHO all-clear.
The airline plans to deploy A380 to Mumbai instead.
The airline is currently working to normalise its operations with the support of its pilots and cabin crew and expects to be on track by the end of this week, it said.
Sale of wide-body aircraft will not affect internatinal flights, says Jet
The idea of owning a private jet seems to have caught the attention of China's growing number of rich people.
