'Airlines are aware that during peak times like Diwali, demand will be high, so prices remain steep even for tickets purchased 90 days ahead.'
Air India on Friday said it has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through the GIFT City. This is also the first wide body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC). In a release, the airline said the transaction was facilitated by its wholly-owned subsidiary AI Fleet Services Ltd (AIFS) and is also the first financing transaction from the orders for 470 aircraft that were made earlier this year.
Under a memorandum of understanding signed in New Delhi by Jim Albaugh, President of Boeing Integrated Defence System and HAL Chairman Ashok K Baweja, the Indian defence PSU, will manufacture subsystems for Boeing's wide range of fighter planes like F-15, F-18 Super Hornetts and Apace Helicpoters.
The embassy observations are part of a confidential official cable released by whistleblower website WikiLeaks on August 30.
The number of Indian passengers has jumped more than 20 per cent in the past year
It seems that the West is sending a signal to India that it can return to old hostilities unless India toes their line on Russia. It is no surprise that India is being compared with Putin's Russia in terms of targeting 'dissidents' as the West calls these Khalistani terrorists, asserts Colonel Anil A Athale (retd).
The deal should keep things humming at the sprawling plant in Long Beach, California through 2014, Boeing spokesman Jerry Drelling said in a Los Angeles Times report.
US aircraft maker Boeing Inc will soon start talks with Indian carriers to market its latest aircraft, the '7E7', which is due for launch in 2008, as it strives to cash in on the fast-growing Asian aviation market.
The ongoing fourth quarter earnings season, global factors and macroeconomic data would guide the trends in the equity markets this week, analysts said. Markets would also take cues from trading activity of foreign investors, rupee-dollar trend and movement of global oil benchmark Brent crude. "Domestically, the next batch of Q4 earnings reports will drive stock-specific movements, Hero MotoCorp, Larsen & Toubro, BPCL, State Bank of India, Eicher Motors and Tata Motors are some of the big names in the list and the next phase of voting," said Pravesh Gour, senior technical analyst, Swastika Investmart Ltd.
The passengers were transferred to another Boeing 747 in Mumbai for their onward journey
Air-India's decision to purchase Boeing's 787 Dreamliners has re-ignited the fight for supremacy between Boeing and Europe's Airbus in the civil aviation market, media reports said in Washington.
US defence major Boeing has started work on the first P-8I long-range maritime reconnaissance and anti-submarine warfare aircraft for the Indian Navy.
Don't do any strange things in preparation ahead of Olympics, Gopichand's advise to shuttlers
Air India plans to buy 27 B-787 'Dreamliners' from Boeing which are to be delivered in phases.
Here's the world's first hotel built onboard a real Boeing Jumbo Jet.
A new Boeing 787 Dreamliner aircraft -- which is to be delivered to Air India -- has successfully completed its first test flight in South Carolina, the plane manufacturing company has said.
Air India Express along with SpiceJet and Jet Airways is one of the three main targets for Boeing in the country as it promotes its new 737 MAX aircraft, which is scheduled to enter commercial operations in 2017.
Boeing's 787 Dreamliner, a project which was marred by repeated delays and obstacles, is an instance of the most advanced aviation technology available. Its aerodynamic design, engines, flight controls and avionics are almost part of the aviation folklore.
While the government is working on final contours for a strategic divestment of its stake in loss-making Air India, the airline is ready with plans to fly to more overseas destinations.
Boeing is eyeing commercial aircraft orders worth over $40 billion in the next 20 years and defence sales of another $15 billion over the next ten years from India and has drawn up ambitious plans to source products and services from India to stay competitive globally. In a little over one year, Boeing has inked five agreements with top IT and engineering companies, which will result in key components for its civilian and military aircraft being manufactured in India.
This keeps the American aircraft giant on track to deliver five of the large, versatile military transport aircraft to the IAF this year, and five more in 2014.
Civil Aviation Minister Ajit Singh inaugurated the 5-day long event.
Analysts say the 777 is Boeing's most profitable plane, thanks largely to the 777-300ER, a 365-seat version that began operations in 2004.
The court order could put SpiceJet's revival plan under stress.
Boeing's 50 Dreamliners in service have been grounded since mid-January following two incidents involving battery problems.
"The deliveries of all 787 dreamliners will start from the second quarter of the next financial year and will complete by 2014. These fuel-efficient aircraft will help us reduce costs of our long-haul operations," said an Air India official.
Air India used to fly its 787s on three domestic and three international routes.
A Boeing Co 787 Dreamliner operated by Air India this week returned to London due to a communications problem, but has since been operational, the state-run carrier said on Wednesday.
'Rajnath Singh's message was very clear: India's focus is on developing self-reliance.'
Delhi-based budget carrier SpiceJet will acquire 10 new Boeing 737 airplanes as a part of its fleet expansion programme.
Facing disruptions due to non-availability of crew, Vistara on Sunday announced reducing 10 per cent of its capacity or 25-30 flights daily and most of the cancellations are in the domestic network as the Tata Group airline strives to stabilise operations. The full-service carrier is to operate over 300 flights daily in the ongoing summer schedule and witnessed significant disruptions earlier this week as many pilots reported sick, resulting in cancellations of flights. "We are carefully scaling back our operations by around 25-30 flights per day, i.e. roughly 10 per cent of the capacity we were operating.
The Spanish Government mistakenly honoured celebrity Ivana Icardi, sister of Argentinian footballer Mauro Icardi, instead of Women's World Cup winning captain Ivana Andres, with the country's Royal Order of Sports Merit, Spain's National Sports Council (CSD) confirmed on Wednesday.
The Indian badminton team returned empty-handed from the Olympics for the first time in over a decade.
'The funds were arranged from multiple banks at a very competitive rate and converted into dollars at the best rates.'
Bombardier Inc's CSeries jetliner successfully completed its first flight on Monday, a key step in a $3.4 billion program to develop the first all-new narrow-body plane of its size in decades that the company hopes will increase sales.
Rajiv Gandhi met Indian Airline brass, was shown financial details against norms.
