The Rs 2,058 crore (Rs 20.58 billion) deal between Jet Airways and Etihad Airways will benefit passengers, as increased competition will bring down air fares, aviation sector experts said.
The Tehelka magazine on Friday claimed some officials, bureaucrats and other VIPs had 'abused' their status to get free tickets and other facilities from a private airline in gross violation of service rules and propriety.
Kingfisher Airlines soared 5.76 per cent to Rs 13.20, while Spicejet scrip gained 4 per cent to Rs 38.30 on the BSE. Jet Airways rose by 2.44 per cent.
Nigel loves luxury. A big golf enthusiast he also likes to run, play squash and drive his classic sports cars.
Aviation turbine fuel accounts for 35-40 per cent of the total operating cost of an Indian airline.
The Adani group will invest Rs 10,700 crore into Lucknow airport's expansion so that its annual passenger handling capacity zooms from 4 million passengers per annum (MPPA) to 39 MPPA. The airport's expansion plan received clearance from the Union environment ministry on December 15. However, the plan submitted to the ministry did not mention the deadline for the expansion.
The report, released a little over a year after the deadly crash of the Air India Express plane, said the "probable cause of the accident was the non adherence to SOP (Standard Operating Procedure) by the PF (Pilot Flying)".
A proposal to permit foreign airlines to pick up stake in domestic carriers is among the several measures being considered by the government to help the Indian aviation industry overcome the financial crunch.
Amid a decline in Covid cases in the country, India may soon reopen its doors for foreign tourists for the first time in one-and-a-half years, officials said.
Their success formula was to enter the business at the right time and exit at the opportune moment.
Higher economic growth and affordability will help Indian aviation firms register strong growth.
India's ailing aviation sector can finally hope to get some relief. The Union Minister of Civil Aviation, Praful Patel has announced that a Group of Ministers (GoM) has been formed to look into the issues faced by the aviation sector.
Mexican President Felipe Calderon, who was present at the singing ceremony along with visiting Indian President Pratibha Patil, said India was an 'important' partner for his country in the Asia-Pacific region. The first agreement calls for cooperation in air services between the two countries while the second one was related to enhanced ties in the energy sector.
The consortium of UAE-based businessman Murari Lal Jalan and London's Kalrock Capital -- which has won the bid to revive Jet Airways -- on Monday said it expects to start operating the airline by the summer of 2021.
GAGAN or the GPS Aided Geo Augmented Navigation to be launched by Civil Aviation Minister Praful Patel would not only help the civil aviation sector but also help in marine navigation, search and rescue operations, rail and road transport, survey and mapping as well as precision farming.
India's scores in the ICAO's air safety oversight audit will improve substantially as the international watchdog's just-concluded validation mission was highly successful as per the initial reports, regulator DGCA said on Wednesday. ICAO is the International Civil Aviation Organisation. Under its Universal Safety Oversight Audit Programme (USOAP) Continuous Monitoring Approach, an ICAO Coordinated Validation Mission (ICVM) was undertaken from November 9 to 16.
AirAsia, which is a joint venture between Tata Sons Ltd, TelestraTradeplace currently flies from Bengaluru to Chennai, Kochi, Goa and vice versa.
At least 15 variations were being evaluated regarding the '5/20 rule'.
Unlike the first two stimulus packages, this time the focus would be on boosting demand.
Civil aviation minister Praful Patel, has said that the government has plans to touch 100 operational airports by 2008 and was working to create at least 500 small and big airports across the country. Highlighting the oil sector, Patel said that the sector needs introspection. "Unless we work on our oil sector, we are not going to be a stable economic power in the long run," the ministry added.
Want last year's bonus? Sell our tickets: Jet Airways tells travel agents.
Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Historical quarterly data from listed companies (excluding banks, finance and insurance, oil and gas, and power sectors) indicate an adverse correlation between corporate margins and crude oil prices.
India already allows 100 per cent ownership of greenfield pharma businesses.
India's services sector income is on the rise, but what of the quality of people, asks Sanjaya Baru.
India's services sector income is on the rise, but what of the quality of people, asks Sanjaya Baru.
International oil and gas giant Royal Dutch Shell is all set to foray into distribution of Aviation Turbine Fuel, fuel for airplanes.
The Congress-led United Progressive Alliance government on Friday toughened its anti-hijacking law by declaring that a death sentence will be given to those involved in it.The Cabinet took up a proposal of the civil aviation ministry, to amend the Anti-Hijacking Act of 1982, to deter hijackers from using an aircraft as a missile. The Cabinet approval paves the way for amending Section 4 of the 1982 Act, which provides for life imprisonment and a fine for hijacking.
Officials hint the visit could finally see a formal defence industrial road map being adopted by both nations.
Improving the infrastructure, including night landing facility at the airports is undertaken by the Airports Authority of India depending upon factors like commercial viability, traffic demand, operational requirements, demand from airlines and technical feasibility
A total of 1,490 foreign pilots have been cleared by the government to work for Indian civil aviation sector to make up for the acute shortage faced by the booming industry. This was stated by Director General of Civil Aviation Kanu Gohain, who maintained that it was a just short term measure.
A first officer (junior and senior) can earn in the range of Rs 1.2 lakh to 1.8 lakh per month. The commander commands anywhere between Rs 2.5 to Rs 4 lakh a month.
Rising number of airlines has meant soaring demand for pilots. A look at this high-flying option.
Major proposals relating to the aviation sector, including allowing the private domestic carriers to fly abroad, are being considered by a panel set up by the government to formulate the new civil aviation policy, to be finalised by October.
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The company presently manufactures eight-seater -- GA8 utility aircraft, in its Australia-based companies Aerostaff and GrippsAero which it acquired in 2010 to get into the aviation sector.
Indian airlines are running into losses.
Initially, starting with a slightly curtailed capacity, the airline will increase the operating capacity over the subsequent months, also reopening selected international flights, depending on the existing international travel guidelines: IndiGo.
Civil Aviation minister says that certain regulations restricting the growth in the aviation sector needs to be re-looked to attract investments.
