Page 19 - Aviation Sector

Jalan Kalrock Consortium infuses Rs 100 crore in cash-strapped Jet Airways

JKC also said it is expecting the airline to be up and running next year with the launch date likely to be announced in the next few days

India is one of world's most competitive aviation markets: IndiGo CEO

India is one of the most competitive aviation markets in the world and there is also a lot of competition in the market, IndiGo CEO Pieter Elbers said on Tuesday. IndiGo is the country's largest carrier with a domestic market share of more than 63 per cent and is also expanding its international operations. The airline connects 32 international and 81 domestic destinations. According to Elbers, India is an incredible and one of the most competitive aviation markets in the world. IndiGo is going through a "maturing phase", he said and stressed on the need for having aviation hubs in India, which is under served. Elbers was speaking at the conference of the All India Management Association (AIMA) in the national capital.

Aviation leasing watchdog cuts India's compliance rating amid Go First row

The courtroom battle started after Go First was granted bankruptcy protection in May. Under Indian law, that prevented lessors from recovering 50-plus grounded Airbus planes

Airbus appoints sales chief Scherer as head of core planemaking biz

The move, to be announced within days, frees CEO Guillaume Faury to focus on broader strategy after four years of doubling up as planemaking boss, notably during the pandemic

Aviation services provider Celebi may invest $80 million in next 4 years

Aviation services provider Celebi India may invest around USD 80 million in the business in the next four years as it eyes more airports besides enhancing cargo capacity, a top company executive has said. The company, which offers ground handling services and cargo operations, also plans to switch to an all-electric fleet across the airports it renders services at present, according to Murali Ramachandran, President for India & S-E Asia at Celebi Aviation Holdings, said. The company currently has the mandate to provide ground handling services at nine airports -- Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Cochin, Ahmedabad, Mopa (Goa) and Kannur -- and handle cargo operations at Delhi airport through a joint venture with Delhi International Airport Ltd (DIAL). "Celebi has already invested around USD 250 million (since its entry in the Indian market in 2007). In terms of expected investment, we will be adding USD 28 million in ground handling in the next four years. Around USD ..

India's struggling carrier Akasa blames regulator 'inaction' as pilots quit

Akasa is suing some of the pilots for alleged contractual violations, and has warned in court that it might have to shut down if the exits continue

Domestic aviation sector experiences soaring passenger traffic in 2023

The Indian domestic aviation sector has witnessed an impressive surge in passenger traffic during the first eight months of 2023.

Air India, Vistara merger: Creditors to vote on merger proposal on Sept 23

Air India is wholly owned by Tata Sons, whereas Vistara is a 51:49 joint venture between Tata Sons and SIA

Akasa's future: CEO Dube seeks to douse fire lit by lawyers' closure claims

Akasa's lawyers had said in the Delhi HC on Tuesday that the airline was in a "state of crises" and might "shut down" due to the abrupt resignation of 43 pilots to join rival airlines

Air India's SFO flight from Bengaluru diverted to Alaska due to tech issue

A San Francisco (SFO)-bound Air India flight from Bengaluru, with more than 280 people onboard, was diverted to a city in Alaska due to a technical issue, according to an airline official. After fixing the issue, flight AI 175 took off and landed at San Francisco at around 1000 hours India time on Monday, the official said. There were more than 280 people onboard and the flight later landed at its destination after a delay of around four hours, the official said. In a statement, an Air India spokesperson said the flight was briefly diverted to Anchorage in Alaska due to a technical reason. "All passengers were well looked after, and the flight thereafter continued to its destination San Francisco, where it landed safely. Air India regrets any inconvenience that the delay may have caused," the spokesperson said. Generally, the duration of the flight from Bengaluru to San Francisco is around 16 hours.

Need clear chain of command to handle safety, DGCA tells Air India

The DGCA told the airline to remove this confusion so that there is a clear line of communication between the regulator, accountable manager and chief of flight safety

Gati Shakti varsity, Airbus ink pact to train students for aviation sector

Indian Railways' Gati Shakti Vishwavidyalaya and Airbus on Thursday inked a pact to collaborate in the fields of research, teaching, and training of students to deepen understanding of scientific, technological, and management topics pertaining to the aerospace sector. The Memorandum of Understanding was signed by Rmi Maillard, President and Managing Director, Airbus India and South Asia, and Manoj Choudhary, Vice-Chancellor, Gati Shakti Vishwavidyalaya (GSV), in the presence of Railway Minister Ashwini Vaishnaw and Railway Board Chairperson and CEO Jaya Varma Sinha. "GSV will focus on intense industry-academia partnerships. All its courses will be designed in collaboration with industry. The students who study at GSV will be industry-ready. They will be highly sought after for employment in the transportation and logistics sectors," Vaishnaw said. The Airbus-GSV MoU will lead to the starting the 'aerospace major' B-Tech course at the Gati Shakti Vishvavidyalaya which will train ...

InterGlobe Aviation to set up subsidiary for financing aviation assets

InterGlobe Aviation, the parent of the country's largest airline IndiGo, will set up a subsidiary with an investment of up to Rs 30 crore for financing aviation assets. The wholly-owned subsidiary will be set up in GIFT City. The company's board on Monday approved the proposal to incorporate a wholly-owned subsidiary with an investment of "up to Rs 30 crore in one or more tranches". Besides, it will issue corporate guarantees of up to USD 996 million or an equivalent amount in Indian rupees or any other currency, to secure the payment obligations of the wholly-owned subsidiary, according to a regulatory filing. The company said the subsidiary would be into financing aviation assets and approvals will be sought from the Reserve Bank of India (RBI), among others. The investment of up to Rs 30 crore will be made in "one or more tranches through equity/quasi-equity/ optionally convertible preference shares/ optionally convertible debt instruments or any combination thereof," the filin

Bargain flight prices disappear as airline industry transforms into duopoly

The higher prices come at a time when two domestic carriers - IndiGo and Air India Ltd. - are set to control the bulk of one of the world's fastest-growing aviation markets

Go First extends flight cancellation till August 31 from August 27

Go First added that the company has filed an application for immediate resolution and revival of operations and is optimistic about resuming bookings shortly

China's travel rebound risks supercharging of jet fuel prices: Report

China's return is thought to be the final missing piece in the global air travel recovery.

SC rejects Go First plea against Delhi HC nod to lessors to access planes

On August 3, the airline had moved to Supreme Court against the Delhi HC's order to allow lessors to inspect the aircraft

Vistara plane suffers engine damage, was hit by ground service equipment

A Vistara Airbus A320 neo aircraft on Tuesday suffered engine damage after it was hit by a towing tractor at Mumbai airport, according to a source. The plane, which was scheduled to operate a flight from Mumbai to Kolkata, has been grounded and is undergoing necessary checks and repair. One of the engines of the aircraft suffered extensive damage after being hit by the towing tractor, the source said. "While on ground, Vistara aircraft operating flight UK 775 from Mumbai to Kolkata on August 1, 2023 got hit by a ground service equipment, causing damage to one of the engines," a Vistara spokesperson said in a statement. The aircraft is undergoing necessary checks and repair, the spokesperson added. In the meantime to minimise inconvenience to the customers, the spokesperson said an alternate aircraft was immediately arranged.

Aviation Security Culture Week held at Kolkata airport to make flying safer

The Bureau of Civil Aviation Security along with other agencies began observing Aviation Security Culture Week in the NSCB International Airport (NSCBI) in Kolkata on Monday. The main objective of security culture week is to inculcate security consciousness among members of the aviation community and passengers, an Airports Authority of India (AAI) statement said. This will make flying safer, it said. Various programmes such as awareness sessions, quiz contests, reward and recognition and walkathon will be organised throughout the week. The Aviation Security Culture Week commenced with an inauguration pledge by the director of NSCBI Airport C Pattabhi, and other top officials of different agencies. All the stakeholders such as the AAI, airlines, CISF and passengers will be participating in the security culture week on the theme 'See it, Say it, Secure it'. During this special week, various activities will be undertaken to educate, engage and create awareness about aviation securi

DGCA renews air operator certificate of cash-strapped Jet Airways

The airline had stopped flying on April 17, 2019, and its AOC expired over two months ago on May 19 this year