Explore Business Standard
Cathay Pacific has placed 100 new generation aircraft as part of its HKD 100 billion (at current rate USD 12.86 billion) investment plan for the next five years, a senior official of the Hong Kong flag carrier has said. Rakesh Raicar, Cathay's Regional General Manager South Asia, Middle East, and Africa, said the airline expects 25 per cent growth in cargo this year from South India pinning hopes on exports of Apple products and pharma, among others. Raicar, in a press conference on Thursday, said the three cities - Chennai, Bangalore and Hyderabad constituted 43 per cent of the total over 1.30 lakh tonne of cargo it handled last year. "The total fleet size as of June 2024 was 178 (both passenger and cargo) with approximately 73 new passenger aircraft scheduled to join as of 30 June 2024. The 100 billion HK dollars (is being ) invested in products. Within that, a major chunk will go in terms of our fleet acquisition. And we've already placed an order of 100 new generation aircraft i
SpiceJet is facing fresh round of troubles as three Ireland-based aircraft lessors and a former pilot have filed insolvency pleas in NCLT against the budget carrier, claiming defaults. Three lessors - NGF Alpha, NGF Genesis and NGF Charlie- have filed petitions under Section 9 of IBC, seeking initiation of insolvency proceedings against SpiceJet claiming dues totalling USD 12.68 million (about Rs 110 crore). SpiceJet, during the proceedings of the National Company Law Tribunal, earlier this week, sought some time to resolve the matter as settlement talks were going on. "Counsel on behalf of the Operational Creditor (SpiceJet) is present and sought time to seek instructions on the future course of action to be taken in the matter," NCLT said in an order. The insolvency tribunal directed to list all three petitions on April 7, 2025, for the next hearing. The lessors had earlier leased five Boeing 737 to SpiceJet. They had served legal notice to SpiceJet wherein they alleged theft o
US-based aircraft maker Boeing on Friday said it has partnered with state-owned oil marketing firm HPCL for a sustainable aviation fuel ecosystem in the country. As part of this partnership, the two companies will explore opportunities to scale SAF (sustainable aviation fuel) production in the domestic market, support the certification of domestically produced SAF, and advocate for policies to develop a robust SAF ecosystem in the country, Boeing said in a statement. According to global airlines body International Air Transport Association (IATA), India has the potential to be a key producer of SAF by utilising its ethanol supplies and availability of lipids feedstocks like non-edible industrial oils. IATA represents around 340 airlines, including Indian carriers that account for more than 80 per cent of the global air traffic. With decarbonisation in focus, efforts are being made to reduce emissions and over the years, Indian carriers have operated some flights with a blend of SAF
India is the main market that offers a lot of potential and ATR is open for opportunities in terms of sourcing components from the country, according to a senior official of the European aircraft maker. ATR, a joint venture between European aeronautics players Airbus and Leonardo, manufactures turboprops with up to 78 seats as well as freighters. IndiGo and two regional carriers -- Alliance Air and FLY91 -- operate ATR planes that are used for regional flight operations. ATR's Chief Commercial Officer Alexis Vidal told PTI in a recent interview that the company is looking at India as the main market and the country's regional air connectivity is very promising. Currently, nearly 70 ATR planes are in operation in India and worldwide, the company has delivered around 1,700 aircraft. "We believe there is a potential in India for another 200 aircraft in the coming decade... All this, I believe very well supported by policy making... will drive additional aircraft into the country," he
Highlighting the aviation sector's growth potential, Union minister K Rammohan Naidu on Wednesday said efforts are on to make India a global aviation hub as well as to start manufacturing aircraft in the country. With Asia-Pacific region poised to lead global aviation growth, Naidu said strategic investments in infrastructure and collaboration amongst the regional stakeholders is critical to achieving sustainable growth across the sector. Speaking at the second Asia Pacific Ministerial Conference on Civil Aviation in the national capital, Naidu emphasised on three elements -- infrastructure, integration and innovation -- for the sector's growth. "My ministry is working with the vision of establishing a seamless aviation landscape in the country, integrating helicopters and seaplane operations alongside wide-body aircraft under the regional connectivity scheme UDAN," he noted. India is one of the world's fastest growing civil aviation markets and the fleet size of domestic carriers
Aircraft maker Boeing and AI Engineering Services Ltd (AIESL) will collaborate to enhance aircraft training activities in India. As part of the collaboration, Boeing will provide training materials, aids, and instructor support to help ensure the standardisation of AIESL training programmes. "AIESL will provide infrastructure and instructors, while securing Civil Aviation Regulation (CAR)147 approval from the Indian regulatory authority to conduct maintenance training for customers," Boeing said in a release on Tuesday. According to Boeing's 2023 Pilot and Technician Outlook, the country will require almost 33,000 pilots and 34,000 maintenance technicians through 2042. AIESL CEO Sharad Agarwal said the tie up with Boeing will go a long way in supporting industry requirements. "AIESL would be able to support training requirements for at least 100 engineers each year going forward," he added. In the release, Civil Aviation Secretary Vumlunmang Vualnam said the collaboration between