Page 44 - Aviation Industry

Airlines seek easier Kamath panel's parameters on loan restructuring

Have sought intervention of Ministry of Civil Aviation for fresh credit lines

In midst of holiday season, Dubai flights hit by seat allocation dispute

The dispute required the intervention of external affairs ministry post which Dubai has agreed to allow Indian airlines to operate 4,800 seats per week

Lufthansa airlifts fresh food to England as UK border chaos continues

The German airline will fly 80 metric tons of food to Doncaster-Sheffield airport in northern England using a Boeing Co. 777F freighter

Rules to stop Covid-19 variant lead to chaos, long queues at airports

Like many countries, India has suspended flights from Britain, where cases have soared because of the variant.

A swayamvar and a high-maintenance bride

The analogy of Sita's swayamvar seems to work perfectly for the sale of Air India

Airbus to lose over $5 billion in orders under AirAsia X's proposed rejig

Aircraft manufacturer Airbus SE said it stands to lose more than $5 billion worth of aircraft orders if AirAsia X Bhd's debt restructuring scheme goes through, court documents showed

Lockheed Martin to buy rocket engine maker Aerojet Rocketdyne for $4.4 bn

Lockheed Martin Corp said it has agreed to buy US rocket engine manufacturer Aerojet Rocketdyne Holdings Inc for $4.4 billion, including debt and net cash

Indians get more holiday options for Christmas as countries ease rules

Surge in trips planned for Africa, Oman and UK with expansion of air travel bubbles

Beyond Air India

The airline's privatisation should just be the beginning

Boeing hires up to 160 pilots for airlines to help relaunch 737 MAX: Report

Boeing is hiring up to 160 pilots to be embedded at airlines in its latest bid to ensure its 737 MAX has a smooth comeback after a 20-month safety ban, according to a recruitment document

Tatas to go solo for Air India EoI, plan to co-opt Singapore Airlines later

If Air India comes into its fold, the combined market share of Tatas in India's domestic aviation market will be around 23 per cent - 10 per cent higher than SpiceJet.

Will take decision on staying invested in India soon: AirAsia CEO Fernandes

The Covid-19 crisis has forced the Malaysia-based AirAsia group to review its investment in the country.

IndiGo to refund customers for flight cancellations due to Covid by Jan 31

IndiGo said it will refund all customer credit shells, which were created when flights were cancelled due to the coronavirus lockdown earlier this year, by January 31, 2021

Jet Airways may resume operations next year: Jalan-Kalrock consortium

The consortium of UAE-based businessman Murari Lal Jalan and London's Kalrock Capital - which has won the bid to revive Jet Airways - on Monday said it expects to start operating the airline by the summer of 2021. The consortium is awaiting the NCLT and other regulatory approvals, including reinstatement of slots and bilateral traffic rights by the civil aviation ministry and Directorate General of Civil Aviation (DGCA). It is also planning to launch dedicated freighter services once the carrier takes off the ground again. The committee of creditors (CoC) has already approved the airline's revival plan submitted by the consortium in October. Jet Airways was grounded on April 17 due to liquidity crisis and subsequently went into administration in June 2019. "As per the resolution plan, Jet Airways intends to operate all of its historic domestic slots in India and restart international operations. The Jet 2.0 program is aimed at reviving the past glory of Jet Airways, with a fresh s

Key data from Brazil-based world's 3rd largest plane maker Embraer leaked

Brazilian company Embraer which is the third-largest airplane maker after Boeing and Airbus, has become latest victim of a ransomware attack, reports said.

SpiceJet partners cold-chain solution firms for Covid-19 vaccine transport

It is also leasing wide-body A340 planes, which have allowed it to expand its reach

IndiGo reaches 70% of its pre-Covid capacity, operating 1,000 daily flights

India resumed domestic passenger flights on May 25 after a gap of two months due to the coronavirus-triggered lockdown.

High GST on aircraft components forcing P&W to go abroad for maintenance

High GST rate on aircraft engine components has been forcing Pratt & Whitney to go abroad for engine maintenance despite having a collaboration with Air India's engineering subsidiary AIESL for the servicing, according to an industry source. Engine components attract as higher as 18 per cent goods and service tax (GST), which makes the business unviable in India, and the engine maker wants the government to bring it in parity with 5 per cent GST as in the case of aircraft components, the source said. In February, Pratt & Whitney (P&W), which has supplied its Geared Turbo Fan (GTF) engines in large numbers to IndiGo and GoAir for their Airbus A320neo family planes, inked a pact with Air India Engineering Services Ltd (AIESL) to service these engines at the latter's MRO facility in Mumbai. A P&W spokesperson in a statement to PTI, however, said that collaboration with AIESL remains strong, despite the challenges faced by the industry due to the coronavirus pandemic. "We .

Govt plans air freight stations to transport coronavirus vaccines

Air freight stations near manufacturing sites will enable direct movement of vaccines to the aircraft

Bonds to equity: Airlines are making money selling everything but tickets

The first thing companies try to sell in a crisis are bits of paper. Airlines have issued $88 billion in bonds so far in 2020