Boeing 787 Dreamliner is a long-range, mid-size wide-body, twin-engine jet airliner.
In what may help beleaguered airlines Kingfisher, the finance ministry has approved a draft Cabinet note floated by the commerce and industry ministry allowing foreign fliers to acquire up to 26 per cent stake in India's aviation companies.
'The DGCA, the ministry of civil aviation, Air India, the Airports Authority, all of them together form what I call an organised syndicate' 'In India, it is a fashion to blame the pilot because then nobody asks questions about the incompetence and grave negligence of this State-run syndicate.'
'It will be like this: If you use the window seat in the first row, next will be the aisle in the second row, to maintain social distancing.' 'So, two-thirds of the aircraft is not going to be used.'
'It is very clear that Air India cannot be managed by the government.' 'Air India should be run as a separate profit entity.'
Laying down certain conditions, the aviation minister said the struggling national carrier must become leaner and trimmer to secure backing it needs to get through the present liquidity crunch.
Soon after his keynote address at the US-India Aviation Partnership Summit at the Washington Convention Center in Washington DC, Nambiar told rediff.com, although India's airlines were bleeding currently, they would bounce back because of domestic and international travel demands.
A three-member panel has been set up by the authorities to probe whether a three-storeyed residential building, into which a Navy plane crashed during an airshow in Hyderabad, had an "illegal" extra floor.
The pilot of the naval aircraft that crashed during the India Aviation airshow in Hyderabad is dead, said the Hyderabad police chief on Wednesday.
"We have appointed SBI Caps. Soon, we would be getting feedback on what would be the short-, medium- and long-term restructuring required for Air India," Civil Aviation Minister Praful Patel said while speaking at an event on India Aviation 2010 international exhibition in New Delhi on Wednesday.
The biggest let down for India's aviation sector has been the failure of the government to privatise Air India, says Anjuli Bhargava.
The minister, while speaking at the event organised by the Federation of Indian Chambers of Commerce and Industry in New Delhi on Wednesday, said the problems at AI did not come up overnight. The airline's high-cost structure and the compulsions of being a public sector unit had been the reasons and it had been making a loss, he said. AI is to incur a loss of over Rs 7,000 crore (Rs 70 billion) this fiscal year.
Cheering the move, shares of Jet opened the day on a bullish note and further jumped 7.26 per cent to Rs 414.70 on the Bombay Stock Exchange.
SpiceJet was forced to ground its fleet and cancel hundreds of its flights in December.
Civil Aviation Minister Ajit Singh inaugurated the 5-day long event.
Naresh Goyal, after being ousted with his wife from the board last week, and with his shareholding halved to 25 per cent, can still make a comeback by partnering a new investor and win back majority control.
Public and private sector insurance companies are forming alliances to bid for state-run carrier Air-India's aviation cover worth $3.5 billion.
The airline with a 66-aircraft fleet said on Monday that it would be inducting 16 planes this year and the remaining 12 by 2014.
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India is the 9th largest civil aviation market in the world and is expected to reach third position with a fleet size of 1,000 by 2020.
UDAN demonstrates that good policy-making can fulfill important public requirements without requiring budgetary support, says MoS for civil aviation Jayant Sinha.
Jet Airways' loss widened for FY15 on higher cost.
Seeking to avoid inconvenience to air passengers due to delays on foggy winter mornings, the government has instructed all airline operators to provide refreshments to travellers as they wait for their flights.
Scores of new airports have been built around the country but many are yet to open because airlines do not see sufficient demand as ticket prices are too high for the majority Indians
Richard Branson-promoted Virgin Atlantic Airways is interested in investing in the Indian civil aviation sector once the Union government
The overheating of the oven during a July 24 flight from New Delhi to Kolkata did not cause a fire
However, the market recovery is still slow and European market is still volatile showing its effect on emerging markets including India, said Jose Eduardo Coastas, senior vice president (market intelligence).
Indian business group Wadia is to join an ever-growing queue of companies wanting to launch a low cost domestic airline, the Economic Times reported Wednesday.
'Earlier, when they were selling tickets at Rs 1,000, a family of five could travel by flight.' 'When it comes to realistic pricing and the price becomes Rs 5,000, a family of five will have shell out Rs 25,000.' 'How many will be able to afford that?' 'You will see people switching back to train travel which is more realistic.'
The national carrier, which had placed orders for 27 Dreamliners in 2006, has so far taken the delivery of 13 aircraft.
Besides the major metros, the proposed airline would also connect Srinagar, Patna, Chandigarh and Jammu.
With the ongoing Parliament session -- the last for this Lok Sabha, witnessing continued turmoil, there are indications that the legislation would be tabled in the Rajya Sabha so as to keep it alive for the new House to take it up.
AirAsia India, which is using the training facilities of its parent airline AirAsia in Malaysia, plans to set up similar facilities in India in the coming years, airline sources said.
Pawan Hans could command a valuation of 8-10 times earnings.
Promoters of SpiceJet do not have funds to bail out the airlines of dire consequences.
India's aviation safety ratings have been downgraded by the Federal Aviation Administration (FAA) from the top to the second category, which would affect expansion of flights by Indian carriers to the United States.
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.
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