Commercial transport jet engines supplier CFM International has said it plans to set up a spare parts service centre in Mumbai and an engine maintenance training unit in India. CFM, which is a JV between General Electric Company and Snecma (Safran Group), has six Indian air carriers in the client-list Air India Express, Air India, Jet Airways, JetLite, SpiceJet and GoAir.
Jet Airways has terminated the services of 43 trainee junior technicians of the engineering department as part of its cost-cutting measures.
The provisional restructuring plan has been carried out by lenders, led by State Bank of India, under the Reserve Bank of India's February 12, 2018 circular.
As SpiceJet faces heat from the aviation regulator DGCA for multiple flight incidents in the last few weeks, malfunction cases involving planes of IndiGo and Vistara came to light on Wednesday.
"We humbly request to you to alleviate some of the hardships that we and engineers have been facing, by ensuring that the new Jet management does not further delay our pending salaries dues at the earliest," NAG general secretary Tej Sood said in an e-mail to SBI chairman Rajnish Kumar.
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The Delhi airport, the country's busiest airport, on Friday early morning witnessed the collapse of a roof at Terminal 1 amid heavy rains that killed one person, prompting the government to order a detailed probe and an inspection of the structural strength of all airports.
Regretting the inconvenience caused to its passengers, the airline said that it continues to have adequate pilots and runs a safe and reliable scheduled operation with rising on-time performance.
The resolution plan has to be put to work this month itself. Jet has a debt of over Rs 8,000 crore and needs to make repayments of up to Rs 1,700 crore by the end of March.
How an Indian company plans to woo America's heartland with its fuel-efficient SUVs and pickups.
The C919 - a twin-engine, narrow-body aircraft seating up to 174 people - is similar in size to the Airbus 320.
Of 1,400 pilots the airline has, 200 have quit in the past few months because of salary delays.
The 1.3-litre multi-jet diesel engine powers more than a dozen models stretching across five companies including Maruti Suzuki's latest MUV.
Carter arrived at INS Dega in Vishakhapatnam and was briefed by top officials about the activities of the Eastern Naval Command.
Neil Mills explains the rationale behind slashing fare by 50 per cent in a recent offer.
Tata dealers have begun clearing existing inventory by offering sizable discounts on the hatchback.
The interim funding has not been forthcoming thus far, and as a result Jet has extended cancellation of international operations until April 18.
The defence budget was on Thursday increased to Rs 6.21 lakh crore for 2024-25 in a modest hike of 4.72 per cent from last year's allocation of Rs 5.25 lakh crore amid India's continuing border row with China in eastern Ladakh as well as concerns over evolving security situation in the strategic waterways.
The board of directors of Jet Airways has given its in-principle approval to acquire 26 per cent stake in MAS GMR Aerospace Engineering Company for an unspecified amount.
It would help in saving fuel, reducing CO2 emissions as well as noise levels, according to officials
Air India and IndiGo have already suspended Kamra from flying until further notice and six months, respectively.
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.
Going 'long' is becoming an overcrowded trade on Dalal Street, and any negative trigger could lead to a sharp correction, warn experts. However, given the strong momentum, particularly in IT stocks, the downside could be protected in the immediate term. "With the Nifty50 surging to new life-time highs, the bulls remain in control. Further upsides are likely once the immediate resistance of 21,492 is taken out.
The aircraft flew out from the airbase in the French port city of Bordeaux and will cover a distance of nearly 7,000 km with air-to-air refuelling and a single stop in the United Arab Emirates before arriving at Ambala airbase on Wednesday, officials said.
The biennial tri-services exercise, Bright-Star, is taking place at Cairo (West) Air Base and it is being participated by militaries of the US, Saudi Arabia, Greece and Qatar besides of the host country and India, officials said.
The plane can fly non-stop to Singapore, Doha (Qatar), Kuwait, Abu Dhabi (UAE), Riyadh (Saudi Arabia), Kuala Lumpur (Malaysia), Tehran (Iran), Salalah (Oman) and Kunming (China), among other destinations, from various Indian airports.
Crisis-hit Go First has sought various interim directions from the National Company Law Tribunal, including restraining lessors from taking back aircraft and regulator DGCA from taking any adverse action against the airline. The Wadia group-owned airline, which has liabilities worth Rs 11,463 crore, has sought voluntary insolvency resolution proceedings and the plea is set to be heard by the Delhi bench of the NCLT on Thursday. Go First has cancelled all its flights for three days starting from May 3.
On September 6, the airline informed senior employees that their salaries would be paid in two instalments till November.
Jet Airways -- which has been flying for 25 years - on Friday described reports that the airline cannot fly beyond 60 days as "incorrect and malicious" as well as denied any talks of stake sale.
Prime Minister Modi on Saturday left for Egypt after concluding his state visit during which he held wide-ranging talks with President Joe Biden and addressed the joint session of the US Congress.
Chengdu Airlines said the ARJ21 has a lower cost per seat than similar models of Airbus and Boeing models.
Speaking at a joint press event with Macron, Modi, who is in Paris on a two-day official visit, said a roadmap to strengthen India-France strategic ties over the next 25 years was being prepared with bold and ambitious goals on the anvil.
A Delhi-bound SpiceJet plane hit a stray buffalo on the runway while rolling for take-off from Surat airport late Thursday night, providing anxious moments to the 146 people on board.
British scientists have claimed that they are inching closer to develop by 2012 a car that can travel at 1,000 miles (or over 1,600km) per hour.
An Alliance Air aircraft on Tuesday suffered "extensive" damage after a Jet Airways tarmac bus ferrying its crew rammed into the vacant stationary plane at the international airport in Kolkata.
The unions also suggested banks can extend special and exclusive loans to the airline to pay the salary dues or some subsistence payments to them against proper collateral.
The IDF said it hit anti-tank missile launch sites, military command and control centres, as well as Hamas terrorists.
Some aircraft technicians at IndiGo are on sick leave since Friday demanding a revision in salaries. The protest comes days after the airline partially restored salaries of its pilots and cabin crew and made changes to its human resource (HR) policies. Some technicians in Hyderabad reported sick on Friday night while those from other bases skipped work on Sunday demanding a revision in salary, an industry source said.
India will require 1,740 planes over the next 20 years.
The airline has failed to address fliers' fears and has been opaque about the allegations of tax and financial fraud, giving rise to apprehension that Jet Airways may be headed the Kingfisher way.
