With Arvind Jadhav, principal secretary, in the department of infrastructure development of the Karnataka government, emerging as the frontrunner in the race to replace Raghu Menon as the chairman and managing director of the state-owned National Aviation Company of India Ltd (Nacil), which runs Air India, informed sources said Menon lost the coveted job because of his opposition to the airline's proposed joint venture with Singapore Airport Terminal Services (SATS).
'You can imagine for India what Shuks means not just to the billions of people in India but the entire Indian diaspora around the world.'
Air India had planned to launch the service in October but had to defer it as two of its cargo aircraft had to be sent for mandatory checks following an advisory from the Federal Aviation Administration, the official said. These aircraft are expected to join the fleet shortly along with one Airbus A310-200 configured freighter next month, the official said.
The National Aviation Company of India Ltd, that runs the government's flagship carrier Air India, has formally begun looking for a chief operating officer to steer the airline as part of its restructuring plan.
To bring down its aircraft strength of 133 to 95, National Aviation Company Ltd, which runs Air India, has worked out a combination of leasing, selling and phasing out of its existing fleet.
'An HAL-private sector tieup is a possibility.'
Moving ahead with its fleet expansion plan, cash-strapped Air India has sought a long-term loan of USD 475 million from banks and financial institutions to acquire three long-haul Boeing-777s.
The Aviation Industry Employees Guild will file a petition in the Bombay high court this week against a decision by the National Aviation Company to cut daily outstation and tour allowances within India by 50 per cent. Nacil was formed after merging Indian Airlines and Air India last year.
National Aviation Company Ltd, which runs Air India, has constituted committees to review productivity-linked incentives and cost cutting measures. These will talk with the labour unions and report on Monday.
State-owned National Aviation Company of India Ltd (Nacil), which runs Air India, has approached the government to raise $2.3 billion through external commercial borrowings (ECBs) as part of a plan to restructure its high-cost working capital debt.
The financial losses of NACIL have been compounded by weakening of its revenue stream, a high cost structure and costly legacy assets (obsolete assets) that have resulted in rising liabilities.
Heeding to workers' demands, state-run Air India on Tuesday decided to pay the wages and salaries of its employees on the July 14 and to the contractual staff on July 10.
Airbus will increase sourcing of components from India, which offers plenty of opportunities, according to the aircraft maker's CEO Guillaume Faury. The European major, which has bagged huge aircraft orders from IndiGo and Air India, doubled its sourcing of components and services from India to 1 billion euros during the period from 2019-2023, he said.
The COO's compensation package will be negotiable, based on qualification and experience in the industry. But he will also be given a performance-linked pay based on key performance indicators determined by the management or the board.
Fourteen unions representing over 30,000 employees of the National Aviation Company Ltd have threatened to go on strike in Mumbai from Tuesday to oppose the government's decision to set up a ground-handling services joint venture with Singapore Airport Terminal Services (Sats).
"We have successfully carried out the 'C check' on two of our B-777 aircraft and work on the third one is expected to be completed within a month," National Aviation Company of India Ltd (NACIL) SBU-Head (Engineering), K M Unni, told media persons in Mumbai.
National Aviation Company Ltd (Nacil), the entity formed by the merger of Air India and Indian Airlines, has failed to keep up to its promise -- it is yet to provide equal access to a large part of the 30,000 employees under its fold.
Air India, having run up losses of Rs 7,200 crore and adding about Rs 15 crore worth of red ink every twenty-four hours, is now asking for even more money to burn from the Government of India.
Each aircraft will cost about $50 million and the purchase is being funded by the US-based Exim Bank. The airline operates 143 flights a week from Indian cities to 12 destinations in the Far East and West Asian countries. In its fourth year of operation, the international budget carrier now has 11 fully owned aircraft, while seven are on lease, which will expire in 2010.
Its association with India is over 70 years old and spans both civil and military aviation. The Douglas DC-3 transport aircraft used by the air force beginning the 1940s and the iconic Boeing 747 aircraft flown by Air India, both had Pratt & Whitney (P&W) engines. The Indian Air Force's present-day, heavy-lift C-17 Globemaster III and the yet-to-be-inducted C-295 planes, too, have P&W power plants.
The former Indian Airlines pilot won a good deal for colleagues protesting a pay cut; but others question whether the victory was good for the airline.
Aviation is a juicy target. It's a 24x7 industry, which cannot afford delays or loss of customer credibility.
The 31st meeting of the Goods and Services Tax (GST) Council, held in December 2018, deferred a decision to reduce the GST rate for cement from 28 per cent to 18 per cent. This was despite recognising that cement - along with automobile parts - remained among the few mass-consumption items still taxed at the highest slab, which was originally meant for luxury and sin goods.
Civil Aviation Secretary Vumlunmang Vualnam on Thursday said the number of planes with domestic airlines will increase to 1,400 in the next five years as he highlighted the growth potential of the country's aviation space. Currently, the fleet is around 800 aircraft and leading carriers IndiGo and Air India have placed significant plane orders.
Divestment-bound Air India is looking to sell securities of its two provident trusts AIEPF and IAEPF, and has sought applications for transaction advisors to help with the proposed sale of the securities. The Air India Employees Provident Fund (AIEPF) trust and Indian Airlines Employees Provident Fund (IAEPF) trust are governed by the Provident Fund Trust Act, 1925. The two trusts' investments together amounted to Rs 4,500 crore as of August 31, 2021, according to the tender document, seeking RFPs for the appointment of the transaction advisors.
The airline had made a three-year turnaround plan in 2009-10.
Apple's ambitious strategy to expand iPhone exports, shift more production from China to India at a faster pace, and grow its domestic market hits a Trump-sized roadblock.
In a letter to Civil Aviation Minister Vayalar Ravi, he sought permission to step down from the board of National Aviation Company of India Ltd.
Uber recorded approximately 200 per cent year-on-year growth in its pre-scheduled ride option, Uber Reserve.
>The Indian Army still uses old British-era names and recruits soldiers based on caste or region, which hurts national unity, argues Colonel K Thammayya Udupa (retd).
"I recently flew on one of our aircraft and I was pleasantly surprised. Our aeroplanes are brand new and a pleasure to travel on. They can give any airline a run for their money," says Raghu Menon.
NACIL will meet all of its proposed investment from the internal and extra budgetary resources, the Budget documents presented in the Parliament today showed. The company had invested Rs 4,136.89 crore in 2008-09. Of the total Plan outlay of Rs 12,164.76 crore for the ministry of civil aviation, the government announced budgetary support of Rs 190 crore for the sector.
President Mohamed Muizzu, known for his pro-China stance, has thanked India for enabling the resumption of medical evacuation services with civilian aviation personnel from India.
Like Air India, there have been recent cyber attacks on some major airlines, including one in Canada, and a global airlines alliance
Air India's general manager (finance), who should be in the thick of company's financial matters, does not have information about pay and perks of the company's top bosses.
The National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Go First, the budget carrier that stopped flying nearly three years ago after being bogged down by financial woes. In May 2023, the airline filed for a voluntary insolvency resolution process citing financial woes. The tribunal, in a 15-page order, said it is ordering the liquidation of the corporate debtor Go Airlines (India) Ltd.
Cash-strapped Air India will have to raise Rs 8,165 crore (Rs 81.65 billion) out of its own resources or borrowings to fund its fleet acquisition programme as the Union Budget focused primarily on aviation infrastructure development, giving a total budgetary support of Rs 190 crore (Rs 1.9 billion).
Besides engine-wash of the flag-carrier's aircraft, the facility, to be set up at the Mumbai International airport, would undertake work from third parties, the company said.
The NACIL will operate three domestic flights on Wednesday using Air India aircraft and cabin crew in view of the ongoing agitation by a section of employees of the airline.
'I am not an aspiration-oriented politician.' 'This is the time to redefine politics.' 'Politics of power is not real politics.'
