The Centre asked state governments on Friday to review and rationalise their taxation policy on jet fuel and land acquisition practices to encourage the expansion of civil aviation sector so that they could themselves reap the benefits of its unprecedented growth.
The NCP leader said that he will be happy to cooperate with the ED so that the agency understands the "complexities" of the aviation sector.
The Indian government's decision in 2012 to allow foreign direct investment in civil-aviation sector up to 49 per cent has enthused new airlines to launch their operations and capitalise on country's 1.2 billion population, a pre-statement to the Global Aerospace Summit said.
India's aviation sector would have a fully functioning satellite based navigation system (GPS) in place next year, Aviation Minister Praful Patel said.
There is no clarity on the stand taken by the PM on many issues plaguing the aviation sector
The aircraft costs nearly $45 million (nearly Rs 180 crore). The company owns a 12-seater Challenger 604 and a seven-seater Cessna Citation Bravo under the fixed wing operations.
The downturn in the aviation sector has led to significantly lower demand for pilots. This has adversely affected the businesses of more than 50 flying training schools, which had come up during the last two years on the back of an unprecedented growth story. Admissions to these institutes have now hit an all-time low.
Breaking his silence after nine years, Vijay Mallya said he may return to India if assured a fair trial.
Given that debt is a major problem for most airlines, investors with a medium-term horizon should look at them.
Civilian flight operations from the 32 airports across northern and western India, including Srinagar and Amritsar, were suspended from May 9 to May 15.
Government said on Wednesday the merger and acquisition policy for the civil aviation sector was not tailor-made to suit any airline but based on the best international practices.
Economic Survey says Indian carriers operate in an exceptionally high-cost environment.
The civil aviation industry, which was hit hard by the global financial meltdown and high fuel cost, saw a strong recovery in 2010 with the domestic passenger traffic rising 19 per cent to 51.53 million, the Economic Survey said on Friday.
The inactivity of Go First may help other airlines in India's competitive market as it had a 7.8 per cent market share.
The aviation sector needs $30 billion worth of investment over the next 15 years to keep up with booming passenger and cargo traffic, Secretary Nasim Zaidi said on Friday.
Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez on Monday inaugurated the Tata Advanced System Limited (TASL)-Airbus facility in Vadodara to manufacture C-295 military aircraft in India.
The Cabinet on Wednesday cleared the proposal to hike foreign direct investment limit in civil aviation sector from 40 to 49 per cent, official sources said.
Private carrier Air India on Monday announced placing an order to purchase 100 more Airbus aircraft, comprising 10 wide-body A350 and 90 narrow-body A320 family aircraft including A321neo.
Limits and high taxes on FDIs have led to lesser investments in the Indian aviation sector.
Shahnawaz Hussain has demanded a comprehensive probe into the happenings in civil aviation sector.
Nayagam PP, a certified career counsellor and the founder of EduJob360, lists the top and emerging career streams in engineering.
'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.'
New Civil Aviation Minister Vayalar Ravi on Thursday sought the support of all employees of ailing Air India in restoring its lost glory and said the staff and the management should work in coordination to achieve this.
'Entering India is exciting, but it's also challenging. You have to be prepared for long-term investment.'
As Damascus teetered, Assad's aide orchestrated a shadowy airlift, spiriting millions and secrets to Russia, paving his own escape route.
Civil Aviation Minister Praful Patel has said that up to Rs 2 lakh crore investment is expected in the country's civil aviation sector in the next five years, higher than any other sector.
The government on Friday announced putting in place a regulator for the civil aviation sector.
Latur and Nanded in Marathwada region of Maharashtra would soon be on the aviation map with the launch of flights from this metropolis to these towns, Civil Aviation Minister Praful Patel has said.
Issues raised by the industry, like rationalisation of the eight per cent central excise on jet fuel, still remain to be addressed. As a result of the government abolishing five per cent customs duty on aviation turbine fuel from Tuesday, state-run oil firms have cut jet fuel prices by Rs 2,100 per kilo litre, on top of the 17 per cent price reduction announced late last week.
Maintaining that the air cargo and some other areas in the Indian aviation sector were very weak, the government on Thursday said it was mulling the opening of these areas to private and foreign investment.
Pakistani military targets at Rafiqui, Murid, Chaklala, Rahim Yar Khan, Sukkur and Chunian were engaged using air-launched precision weapons from Indian fighter jets and the retaliation largely focused on command and control centres, radar sites and weapon storage areas, Qureshi said.
Smartphones, for the first time, emerged as India's largest individual export commodity by value over 10 months of any financial year, during the April-January period of FY25, based on harmonised system (HS) codes. During the period under review, smartphone exports from India reached $18.31 billion, according to data from the Department of Commerce, surpassing automotive diesel fuel exports, which stood at $16.04 billion.
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.
'The ministry may like to consider setting up an ombudsman similar to electricity ombudsman and insurance ombudsman, to ensure a time-bound resolution of consumer issues within the airline sector.'
That would reverse the growth trend of around 11 per cent per annum, which the industry has logged over the past ten years, making it one of the most adversely-affected sectors of the economy.
