Sixteen aircraft will be delivered in a flyaway condition by the Airbus Defence and Space of Spain within 48 months of signing the contract while the remaining 40 planes will be manufactured in India, according to the defence ministry.
No major relief for airlines from the Budget.
The sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
The CCEA approved the TAP and the airline's financial restructuring plan, which includes additional equity infusion by the government.
Air India Express along with SpiceJet and Jet Airways is one of the three main targets for Boeing in the country as it promotes its new 737 MAX aircraft, which is scheduled to enter commercial operations in 2017.
United States aerospace major Boeing on Thursday said it received approval from the country's government to offer its F-15EX multi-role combat jet to the Indian Air Force.
The fairy tale turnaround story has, however, taken a few knocks after a second wave of the pandemic has brought a series of default notices and has posed the toughest test for the 55-year old Singh to save the airline he founded and sold to the Marans only to assume control later.
National carrier Air India will have two maintenance, repair and overhaul facilities for its aircraft, one in Nagpur and the other in Delhi.
As the process to merge Air India and Indian gathers momentum, a business model that is understood to have found acceptance among officials has recommended creation of the post of a group CMD for the merged entity.
It also has the largest wingspan of any aircraft in operational service.
Fadnavis had a series of very productive meetings with American CEOs
Overseas airlines can operate unlimited number of flights into and out of India.
In their pre-budget expectations, they also asked the government to assess the option of developing unused airstrips located in various parts of the country to boost air connectivity.
The airports, which have been shortlisted from 50 cities and towns in remote areas and various unconnected regions across the country, would come up at Tezu (Arunachal Pradesh), Kishangarh (Rajasthan), Jharsuguda (Odisha), Hubli and Belgaum (Karnataka), Civil Aviation Minister Ashok Gajapathi Raju told reporters in New Delhi on Tuesday.
India must develop structured multilateralism to its defence buys
Not needed, it says, with 4,600 staffers to retire over next 3 years, plus transfer of 12,000 to new subsidiaries
Customs and excise duty rates have been amended mainly to promote Make in India.
'Ex-servicemen engineers and technicians are true professionals worthy of being 'Make in India' agents. They can be trusted to bring long term dividends -- it is in their character to be long term loyalists!' says Air Marshal P V Athawale (Retd).
Sources privy to the development said Maran was being asked to take care of a part of the liabilities.
Jaishankar said that the resolution on Kashmir introduced by Jayapal in the House is not a fair characterisation of the situation in J-K. And also said that he has no interest in meeting the Congresswoman.
Civil Aviation Minister Ajit Singh has said that India is a land of emerging opportunities and the aviation scenario in the country is fast changing and poised for breaking boundaries and scaling new heights.
Indian airlines are running into losses.
Enormous debt isn't the only thing afflicting Air India. Its work culture is an equal culprit in its downfall.
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The nomination of cluster heads for defence, infrastructure and finance business is awaited.
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