Page 20 - Aviation

SpiceJet seeks shareholder approval for 5.91% stake transfer to Carlyle

Airline seeks shareholder approval for change in shareholding structure

IndiGo to set up LLP for venture capital investments in early stage firms

InterGlobe Aviation will set up a venture capital arm to make investments in early stage companies that are into aviation, consumer and allied sectors. The board of the company, the parent of the country's largest airline IndiGo, approved the incorporation of a Limited Liability Partnership (LLP) for venture capital investments on Wednesday. IndiGo's Chief Financial Officer Gaurav Negi said it will be going for regulatory approvals for setting up the LLP and that internal discussions are happening about the possible investments. He said the LLP will be set up with an initial investment of Rs 7 crore. "We are getting into venture capital arm side where we will be making early stage investments in early stage companies...," he said during a call with analysts after announcing the company's June quarter financials. The LLP will focus on "investment in startups operating in aviation, consumer and allied sectors such as travel & lifestyle, hospitality and transportation," a regulatory

UP has become identity of flourishing aviation sector in India: CM Yogi

In the year 2016-2017, 59.97 lakh passengers travelled by air while in 2022-2023, 96.02 lakh passengers travelled by air, said CM

IndiGo still battling Pratt & Whitney engine woes, 10% fleet grounded

All 33 grounded planes of IndiGo are powered by Pratt and Whitney engines

BCAS to launch aviation 'security culture week' for 1st time from July 31

All the aviation stakeholders like the Airports Authority of India, airlines, CISF and passengers will take part in security awareness week

NCLT gives green signal to Go First to fly aircraft if registered

The tribunal also denied requests of lessors to inspect the leased engines of the aircraft

Global aviation will need 2.3 mn new personnel in 20 years: Boeing study

Commercial aircraft fleets will double in 20 years, says US plane manufacturer in forecast

Aviation regulator removes SpiceJet from enhanced surveillance regime

Airline has taken 'suitable maintenance action', says DGCA after checking its fleet

Air India launches new programme to simplify purchased cabin upgrades

Air India passengers can choose these upgrades to premium cabins between 72 hours and 12 hours before a scheduled flight, subject to the availability of seats in the cabin

Supreme Court gives SpiceJet more time to pay dues to Credit Suisse

In 2011, the airline company had entered into a 10-year contract with a Swiss maintenance firm SRT Technics for the servicing of its aircraft

Expect sales to rise 25% in FY24 to nearly Rs 1,200 crore, says Aequs

The company supplies components for landing gear, engines, fuselage, and wings to top aerospace companies such as Airbus, Boeing, Safran, and Collins Aerospace

7 Adani-run airports in India handled 103% more passengers in FY23

The group runs airports in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram

Aviation sector undertakes measures by ICAO for sustainable practices

The civil aviation ministry has advised all brownfield airports to work towards achieving 'carbon neutrality' and 'net zero', and to adopt carbon mitigation measures

Jindal Aluminium Limited receives AS9100D Aerospace Certification

The AS9100D Aerospace Certification is the benchmark for ensuring exceptional quality in aviation, space and defence manufacturing and supply chain processes

Air India's wide-body fleet to increase by 30% by March 2024: CEO & MD

Airline to add six new A350 aircraft, five leased B777-200LR planes and nine B777-300ER aircraft this fiscal year

American Airlines raises 2023 profit forecast on strong travel demand

Boosting profits, jet fuel costs in North America are down about 30% from a year ago, but there are signs flight fares might be cooling off

AI flight gets delayed after passenger's mobile phone charger malfunctions

A Delhi-bound Air India flight from Udaipur returned to the bay soon after push back on Monday due to an issue with the malfunctioning of a mobile phone charger of a passenger, according to officials. The flight AI 470 was delayed by at least an hour and later took off for Delhi, one of the officials said. An airline official said there was a malfunction of the mobile phone charger of a passenger. Further, the airline official said the passenger noticed overheating of the mobile phone and alerted the cabin crew. Subsequently, the aircraft, which had pushed back, returned as a precautionary measure to ensure the safety of the passengers. However, an official at the Udaipur airport said there was apparently smoke onboard the aircraft following which it returned after pushback. While the exact sequence of the development could not be immediately ascertained, reports claimed that there was an issue with a power bank of a passenger.

SpiceJet shares trim most of early gains, settles nearly 1% higher

Shares of SpiceJet on Thursday trimmed most of their early gains and ended nearly 1 per cent higher. During the morning trade, the stock had jumped 7.50 per cent after the company said its promoter and Chairman Ajay Singh will infuse Rs 500 crore into the airline, which will help boost its financial position as well as tap additional funds from a government scheme. The stock climbed 7.50 per cent to Rs 33.50 during the day on the BSE after a firm beginning. However, the stock failed to hold on to the strong momentum and gave up most of their early gains and ended at Rs 31.38 apiece, up 0.71 per cent. In volume terms, 73.81 lakh shares of the company were traded on the BSE during the trade. The budget carrier, which is facing multiple headwinds, including disputes with aircraft lessors, has been looking to raise funds. In a statement on Wednesday, SpiceJet said the fresh equity infusion by Singh, who is also the Chairman and Managing Director, will help the carrier in accessing ...

Europe's Airbus opens new assembly line for small jets in A380's shadow

The A321neo is the largest version of the A320 series of jets, which was relaunched with new engines in 2010 just in time for a boom in demand stoked partly by low interest rates

Expect 3,500 employees by year-end: Akasa amid cabin crew resignations rpts

Akasa Air on Thursday said it has one of the lowest attrition rates in the industry and expects to have around 3,500 employees by the end of this year, amid reports that scores of cabin crew have put in their papers. Currently, the carrier, which started flying in August last year, operates more than 900 flights every week. It also plans to start international operations by the end of 2023. "At Akasa, we have one of the lowest attrition rates and the fastest-growing network in the industry. Today, we have 3,000 employees and expect to grow to approximately 3,500 employees in 2023," it said in the statement. The airline, which currently has 19 planes, expects to have a total of 72 aircraft by March 2027. Last month, the airline announced it will acquire four more Boeing 737 Max planes and said it was looking at a three-digit aircraft order by the end of this year. "The speculation on cabin crew resignations at Akasa is factually incorrect and baseless as is the statement on the .