Jet Airways on Wednesday inked a deal with Canadian simulation and training solutions provider CAE for supply of Boeing and airbus simulators.
'India as a market is broader than most, with eight or nine major customers and the defence business which is now open.'
Indonesia-based Lion Air Flight JT610, a three-month old 737 MAX 8, took off from capital Jakarta at 6.20 am local time on Monday and lost contact 13 minutes later when it was at an altitude of about 3,000 feet.
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.
SpiceJet, India's second-largest private airline, kicked off the process of hiving off its logistics business to its subsidiary SpiceXpress as it looks to raise much-needed capital. On Tuesday, the company sought its shareholders' approval to complete the process and to raise up to Rs 2,500 crore via a qualified institutions placement (QIP). It is in talks with multiple private equity investors as it tries to sell shares in the logistics arm to raise money.
National carrier Air India will have two maintenance, repair and overhaul facilities for its aircraft, one in Nagpur and the other in Delhi.
The idea of owning a private jet seems to have caught the attention of China's growing number of rich people.
A senior DGCA official said 23,403 departures per week have been finalised, covering 103 airports, which is 1.2 per cent higher than the 23,117 operated during the previous winter schedule.
Currently, Vistara has more than 22 planes and operates around 850 flights every week.
However, while the capacity void in the domestic market has been filled, a vacuum still remains in international connectivity, especially on the India-Europe and onwards route, which was well connected by Jet Airways via the Boeing 777, Airbus A330 aircraft and its hubs in Paris and Amsterdam.
The Naresh Goyal-promoted airline, which is beginning flights to London from May 23, will launch its flights to Newark via Brussels a month later, chief executive officer Wolfgang Prock-Schauer told reporters in Mumbai.
Though NCLT has extended window to find a buyer, bankers don't see much hope of a deal.
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.
The total seats on a two-class single-aisle Airbus A-320 or a similar Boeing-737 aircraft number around 130-140, of which the airlines would be able to charge more for a maximum of about 30-odd seats, official sources said.
This is an exceptional case of extension beyond the 330-day limit under the insolvency and bankruptcy code.
National carrier Air India has tied up with Deutsche Bank and the British lender Investec Bank to raise up to $500 million to take the delivery of five Boeing Dreamliners, according to airline sources.
The airline is not convinced that it will have a sizeable passenger traffic to make wide body operations profitable
Under the deal announced on Wednesday, American Airlines will acquire a total of 200 aircraft from the Boeing 737 family, with options for another 100 aircraft.
A part of the proceeds will also be used for operational requirements, sources said in Mumbai. The carrier has already taken the delivery of 11 Dreamliners and three more are expected to join the fleet by March of next year.
The new owners of Air India will have to retain all the employees of the national carrier for at least one year post which they can offer a VRS. The gratuity, pension fund and post retirement medical benefits of existing and past employees too would be honoured by the new owner, civil aviation secretary Rajiv Bansal said. Tata Sons has emerged as the winning bidder for Air India with the government accepting its Rs 18,000 crore offer to acquire 100 per cent of the debt-laden state-run carrier.
The airline is trying to save on wage costs by cutting the normal notice period of six months by about half for pilots who have already resigned.
The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore by three low-cost carriers: SpiceJet, IndiGo and Jet Lite. The new planes will arrive in a staggered delivery schedule beginning November. The acquisitions were cleared on August 30 at a meeting of a civil aviation ministry empowered committee.
A total of 1,034 Indians arrived in New Delhi by three special flights of Air India on Thursday, from strife-torn Libya, taking the number of evacuees from the north African country to 3,262.
Nearly a third of 18,000 Indians, stuck in strife-torn Libya, would have been evacuated by Tuesday through air and sea.
The specially chartered Air India Boeing 747 with a capacity of 360 passengers, and an Airbus 330 with a capacity of 280, are en route to Tripoli and were to land shortly, External Affairs Ministry said in a statement.
The opportunity is huge. With Rs 8,000 crore worth of defence contracts signed in the last two years under the offset policy mandated by the government, Indian component suppliers are gearing up to cash in on balance contracts worth Rs 1,30,000 crore, which would be up for grabs in the next few years.
The Delhi-based airline currently has 13 Airbus A320 aircraft in the fleet and it plans to take another seven (A320 Neo) planes by June 2018.
The Congress leader is also being probed by ED in two separate money-laundering cases of Aircel-Maxis and INX Media.
The government has cleared the acquisition of 46 new aircraft worth over Rs 19,000 crore (Rs 190 billion) by three low-cost carriers: SpiceJet, IndiGo and Jet Lite.
If Emirates Airlines is caught in the Dubai debt crisis, it may force the carrier to moderate its expansion, which could hurt aircraft manufacturers like Boeing and Airbus, as it has placed orders worth $55 billion with them.
Timely action by the Mumbai Air Traffic Control avoided a major air disaster over the Indian Ocean at approximately 6 am on Friday, when two aircraft traveling on the same flight level narrowly missed a collision off the Karwar coast in Karnataka. According to sources, over 500 passengers were traveling on board a Qatar Airways Boeing and a Condor Airlines Airbus, when the two aircraft were heading towards each other at a height of 35,000 feet.
The runways are expected to be made operational for the larger aircraft before the Commonwealth Games in October.
The Wadia group-owned airline is building a new management team and putting in place strategies for efficient operations. Leading the change is Cornelis Vrieswijk, the airline's new chief executive officer.
The plane crashed in the suburbs of Mora Kalu village, killing 12 civilians and five crew members and destroying five to six houses, the Pakistan army said.
Scott Bayman cited Indian Airlines' and Air India's purchase of Airbus and Boeing aircraft, respectively, as prime examples of this growing transparency.
Jet Airways, India's largest privately-owned airline, has approached the US Exim Bank and European export credit agencies to reschedule a $2 billion loan (Rs 10,000-crore) loan that was raised to buy 27 Boeing and eight Airbus aircraft.
He said the ministry was considering bidding out the airstrips in blocks for development as it might not be feasible to do it individually.
The nose wheel of an Air India Boeing 777 bound for Dubai collapsed on Friday, shortly before passengers could embark, in the second incident involving the airline in two days.
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