Investors' wealth tumbled over Rs 5.78 lakh crore in two days of market fall amid a weak trend in global markets after a host of central banks hiked interest rates and gave hawkish commentary. The 30-share BSE Sensex declined 461.22 points or 0.75 per cent to settle at 61,337.81 on Friday. In the previous trade, the BSE benchmark had tanked 878.88 points or 1.40 per cent to settle at 61,799.03.
Seeking to further democratise air travel with dependable and affordable services, airline Akasa Air is aiming to start flights in late May or early June after getting its first Boeing 737 MAX aircraft in April. Bullish on the long term growth potential of the country's civil aviation sector, ace investor Rakesh Jhunjhunwala-backed carrier is looking to have 18 planes in its fleet by the end of March 2023. Despite COVID clouds continuing to cast a shadow on the airlines, Akasa Air CEO Vinay Dube is more than optimistic as he asserted that "if you look at the long term future of commercial aviation in India, it is as exciting as anywhere in the world".
India has about 15 CH-47 Chinook helicopters.
The two episodes on a single day have taken the total number of technical malfunction incidents involving SpiceJet aircraft to seven in the last 17 days.
The incident occurred during "America's Premier World War II Airshow," which was reportedly Veterans Day weekend, where guests were to see more than 40 World War II-era aircraft.
A modified Boeing aircraft carried the cheetahs in special wooden crates during the around 10-hour journey.
Tata Group-owned Air India will buy 250 aircraft, including 40 wide-body planes, from Airbus as the airline expands its fleet and operations. This is the first time in more than 17 years that Air India has placed an aircraft order. It is also the first order placed by the carrier under the ownership of Tata Group. On Tuesday, Tata Sons chairman N Chandrasekaran said Air India has signed a letter of intent to acquire 250 aircraft from Airbus.
Two B-1B Lancer supersonic heavy bomber jets of the US Air Force on Tuesday joined the American exhibits at Aero India at the Yelahanka air base, in a reflection of the deeper strategic ties between the two countries.
India's aviation industry could return to profitability in 2023-24 for the first time since the pandemic. The industry may pare aggregated net loss by 75-80 per cent year-on-year (YoY) to between Rs 3,500 crore and Rs 4,500 crore in 2022-23 (FY23), compared with Rs 17,500 crore of net losses in 2021-22 (FY22). A combination of recovery in passenger volumes and easing cost pressures due to stable fuel and foreign exchange (forex) costs could spark a turnaround. CRISIL says domestic and international passenger traffic recovered to 90 per cent and 98 per cent, respectively, of pre-pandemic traffic (2019-20, or FY20), in April-December 2022, compared with April-December 2019.
Two pilot unions at Air India have claimed that there is a shortage of pilots to operate the airline's long-haul and ultra-long haul flights. The concerns raised by the Indian Pilots Guild (IPG) and Indian Commercial Pilots Association (ICPA) also come against the backdrop of the Tatas-owned airline recently cancelling and rescheduling certain flights to and from the North American region due to crew shortage. In a joint letter written to Air India's chief human resources officer Suresh Dutt Tripathi on December 13, the unions said, "...we cannot maintain the printed planned roster due to a shortage of pilots, as CMS (crew management system) does not have standby pilots."
Aircraft debris and some personal belongings have been found at the air crash site in Tengxian County of Wuzhou City, but no survivors, state-run CGTN reported on Tuesday.
The Spicejet aircraft took off at around 12.10 pm, and according to residents of localities adjacent to the airport, who claimed to have witnessed the spectacle, it caught fire immediately.
'You can't just have one single player who is individually doing well and be able to win the World Championship or the Olympics.' 'In the Thomas Cup, you need a group of players performing at the same time at their highest level.' 'So that shows how difficult it is, and what a great achievement that is for a country like India to be able to win it.'
Treesa Jolly and Gayatri Gopichand continued their impressive run, dishing out another superlative performance to advance to their second successive semi-finals at the All England Championships.
When the Tatas re-boarded Air India on January 27 last year, the price of aviation turbine fuel was at over Rs 80,000 per kilolitre. Rupee was trading at around Rs 74 to a US dollar. The Omicron variant of Covid-19 was in prevalence - barely a week earlier, India had reported over 340,000 cases on a single day. Seven-day home quarantine of international travellers was the norm.
Air India One aircraft is exclusively for the President, Vice President and prime minister. The first of the two VVIP aircraft Air India One arrived in India earlier this month.
'When we are playing at our best, it's very difficult to beat us.'
The five-day event will include aerial displays by aircraft and helicopters along with a large exhibition and trade fair of aerospace and defence companies.
The Badminton Association of India are hoping to finalise the duo's appointments by the end of this month.
The AI-111 flight departed from the Delhi airport at around 5.20 pm instead of its scheduled departure time of 2 pm, they said.
A SpiceJet plane was damaged on Monday when its wing hit a lightning pole at the Delhi airport when the aircraft was pushed back from the parking position to be ready for takeoff to Jammu, DGCA officials said.
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.
Jet Airways conducted its test flight to and from the Hyderabad airport on Thursday in a step towards obtaining the air operator certificate. Jet Airways, which has not flown since April 17, 2019, is currently in the process of re-launching operations under its new promoters Jalan-Kalrock Consortium. On Thursday, the airline's CEO Sanjiv Kapoor said on Twitter that the test flight's operation was a very emotional moment "for all the wonderful folks who have been working hard to get Jet back in the skies".
Jet Airways is looking to lease around 20 Airbus A320 aircraft from lessors by 2024 as it aims to restart operations and fly international routes in the next one-and-a-half years. Jet's A320 aircraft fleet, according to sources, will be a mix of the Ceo and the more fuel-efficient Neo variants. These planes were originally intended for Russian airlines but could not be delivered following western sanctions on Russia over its Ukraine invasion.
The plane crashed in the city of Wuzhou, the Guangxi Zhuang autonomous region of China, causing a forest fire, Sputnik reported citing China Central Television (CCTV).
SpiceJet said its freighter aircraft, which was heading to Chongqing in China, returned to Kolkata on Tuesday as the pilots realised after take off that its weather radar was not working.
Both the Apache and Chinook helicopters have been pressed into service as part of the IAF's deployment along the LAC in view of the bitter standoff with China in eastern Ladakh, officials said.
Jet Airways is seeing a churn in its senior management ahead of its planned take-off this year. Sudhir Gaur, accountable manager and acting chief executive officer, is the latest to quit the company. Finance head M Shivakumar and head of management information system (MIS) Farazad Patrawalla moved out a few weeks earlier. Gaur had been part of the initial team selected by the Kalrock-Jalan consortium, which secured approval from the National Company Law Tribunal (NCLT) last June to revive the airline.
'At the heart of the strategic relationship between our countries are economic ties.'
If all 102 grounded planes could fly, there will theoretically be 400 more Delhi-Mumbai flights every day.
Sundays are generally quiet days for air travel, but this Sunday was a tad different. There was quite an excitement at Gate 28 of Mumbai airport's Terminal 1 as Akasa Air, India's newest airline, prepared to take to the skies on Day 1. With a new fuel-efficient Boeing 737 Max aircraft and soft cushioned seats equipped with USB ports, Akasa Air hopes to bring freshness to the flying experience.
Former US President Donald Trump is expected to appear before a specially secured Manhattan courthouse on Tuesday to be arraigned on history-making criminal charges related to paying hush money to a porn star during his 2016 presidential campaign.
The plane lost more than 10,000 feet of altitude in less than a minute, reported flight tracker website FlightRadar24.
Seven decades after they became extinct in India, eight Cheetahs arrived in the country from Namibia by a special flight on Saturday morning and were released by Prime Minister Narendra Modi in Madhya Pradesh's Kuno National Park (KNP).
Chief National coach Pullela Gopichand, who guided India to two Olympic medals, has opted out of India's Olympics-bound badminton contingent to create space for Indonesia's Agus Dwi Santosa, who trains singles shuttler B Sai Praneeth.
American media quoted Trump's attorneys as saying that the 76-year-old Republican leader, eying the White House for a second time in 2024, will plead not guilty.
There are concerns that his arrest and arraignment could bring with it a repeat of the kind of violence and protest seen during the January 6, 2021 attack on the US Capitol building by pro-Trump rioters in the aftermath of the 2020 presidential election that Trump lost to Joe Biden.
Ace stock market investor Rakesh Jhunjhunwala-promoted starup carrier Akasa Air on Monday unveiled the first look of its crew uniform as it gets ready for take-off likely by this month-end. Akasa Air, which received the delivery of its first Boeing 737 max aircraft in India on June 21, also plans to conduct proving flights this week, following which it will get the Air Operator Permit for launching commercial operations. The uniform fit focuses on providing the best possible stretch to ensure their comfort over their busy flight schedules, the company said in a statement.
Two days on, distressing videos have emerged showing the Boeing 737-800 on a domestic flight nose-dived into the mountains on Monday crashing with an explosion leaving its debris in a vast forested area making rescue efforts difficult.
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