'Higher interest rates make gold less attractive as it doesn't generate yield.' 'However, with rates set to fall, the tables are turning for gold.'
Ace Aviation, which has been fighting Jet Airways for the acquisition of three Boeing B777 aircraft, said that it has acquired another aircraft for the conversion slot in early February 2025.
Singapore Airlines on Wednesday said it is fully cooperating with relevant authorities in the investigation into the London to Singapore flight which encountered severe turbulence, leading to the death of one passenger and injuring 30 others.
Delhi-based budget carrier SpiceJet will acquire 10 new Boeing 737 airplanes as a part of its fleet expansion programme.
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.
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.
To be bought at a cost of over Rs 1,000 crore (Rs 10 billion), these jets will replace the two ageing Boeing 737-200 aircraft purchased in 1983 for VVIP travel, Defence Minister Pranab Mukherjee.
Sources said SpiceJet's deal with Boeing is worth around $1.4 billion as per the list price. When contacted, company officials, however, declined to comment on the valuation of the deal.
The A-I board approved the purchase of 50 aircraft costing Rs 30,000 crore (Rs 300 billion), subject to government approval, an A-I statement said in Mumbai.\n\n
A Cabinet decision is still awaited on the induction of Dreamliner into the cash-strapped AI fleet.
It is a similar story several thousand miles away, outside the company's North Charleston, South Carolina final assembly building, where space is taken up by four 787s destined for Air India.
In its bid to grab Air India orders, US aircraft manufacturer Boeing on Tuesday said it had offered a "comprehensive competitive pricing" to the public sector carrier, whose decision to purchase 50 aircraft of different makes was yet to get governmen
An investigation into the battery of Boeing 787 Dreamliner that caused a fire in Boston early this month, showed signs of thermal runway and short-circuiting, US government investigators said.
The grounding has been a "frustrating experience," McNerney told a US Chamber of Commerce aviation summit.
Recently, there have been technical mishaps, including an electrical fire and a brake problem, involving the aircraft.
Kohler made the comments on aviation industry-wide speculation about New Delhi increasing FDI in defence sector to 49 per cent from the current 26 per cent, with some expecting an announcement in the near future.
At present, Air India offers eight first class, 35 business class and 195 economy class seats in its Boeing 777 200-LRs.
He quit following an investigation into a relationship between him and a female executive of the company.
US defence giant Boeing warned of a price hike in USD 2.5 billion deal if India does not finalise the contract soon.
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.
India has told the US government that due consideration would be given to the offer of American aircraft major, Boeing for the fleet acquisition plans of Air India and Indian Airlines, US Transportation Secretary Norman Y Mineta said on Thursday.
The 787 Dreamliner aircraft is 20 per cent more fuel-efficient than other comparable aircraft, which means it will reduce costs and offer potential to increase revenues, says Dinesh Keskar, President, Boeing India.
Major aircraft-maker Boeing on Tuesday heightened its pitch for Air India's plans to acquire 17 long-haul and 18 short-haul planes, claiming its 777-200 ERs (extended range) and 737-800s were best suited for the Indian carrier.
"Airlines in India like Jet Airways and Air India have firm orders with Boeing for delivery till the year 2011. Now they are planning beyond that in view of expected market growth," said Dinesh Keskar, senior vice-president (sales), Boeing Commercial Airplanes.
Air India has grounded six of these planes in its fleet.
The national carrier, which had placed orders for 27 Dreamliners in 2006, has so far taken the delivery of 13 aircraft.
Japan Airlines has become the first airline to launch Dreamliner Boeing 787 flights to India.
The airfares are already 15 per cent higher than last season and due to this shortage it will go higher, said Sharat Dhall, COO of Yatra.com.
An aircraft consortium, led by Russia's Sukhoi Design Bureau and America's Boeing Corporation, has asked India to join its project to build a family of regional jet transport aircraft for civilian use.
From the 'khiladi' brand of movies rocking his boat to a love for starring in biopics and scripts inspired by true stories to headlining endless remakes of South Indian hits, there's a pattern to the man and his methods.
American defence major Boeing has won the deal to supply 15 heavy-lift helicopters to the Indian Air Force defeating its rival Russian Mi-26 in the tender expected to be worth around $1 billion.
Boeing, the US-based global aircraft manufacturer, has signed a Memorandum of Understanding (MoU) with government-owned Bharat Electronics Ltd (BEL) to develop an analysis and experimentation centre.
'Rajnath Singh's message was very clear: India's focus is on developing self-reliance.'
