Aviation stocks rally after direct jet fuel import allowed
February 7th, 2012 - 5:06 pm ICT by IANS
Mumbai, Feb 7 (IANS) Scrips of three listed domestic carriers -- Jet Airways, Kingfisher Airlines and SpiceJet -- rallied after the government Tuesday allowed airlines to import jet fuel ... Read more...
Posted in Business |
Government approves direct jet fuel import, Air India debt plan (Lead)
February 7th, 2012 - 4:00 pm ICT by IANS
New Delhi, Feb 7 (IANS) An empowered group of ministers (EGoM) led by Finance Minister Pranab Mukherjee Tuesday allowed domestic airlines to directly import fuel and approved Air India's ... Read more...
Posted in Business |
Focus on rationalising sales tax on ATF: CII
February 5th, 2012 - 4:19 pm ICT by IANS
New Delhi, Feb 5 (IANS) The new civil aviation policy that is being framed should address key issues like the sales tax the states levy on jet fuel, route ... Read more...
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FDI in aviation may give flight to domestic airlines
January 22nd, 2012 - 12:39 pm ICT by IANS
New Delhi, Jan 22 (IANS) Operating through a tough financial environment, Indian carriers see a ray of hope in the government proposal to allow foreign airlines to invest funds ... Read more...
Posted in Business |
UAE, US discuss aviation cooperation
December 4th, 2011 - 11:02 pm ICT by IANS
Abu Dhabi, Dec 4 (IANS/WAM) Officials of the UAE and the US have discussed cooperation in the aviation sector, it was announced Sunday.The discussions were held here between Saif Mohammed ... Read more...
Posted in Business |
Brazil leases airport to private consortium
November 29th, 2011 - 1:36 pm ICT by IANS
Rio De Janeiro, Nov 29 (IANS) President Dilma Rousseff signed a concession plan Monday that would allow private investments for the first time in airport construction and operation as Brazil ... Read more...
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PM holds discussions with private airline chiefs
November 26th, 2011 - 5:55 pm ICT by IANS
New Delhi, Nov 26 (IANS) In an attempt to chart a way out for the cash-strapped aviation industry, Prime Minister Manmohan Singh Saturday met with the heads of all ... Read more...
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BJP against foreign investment in aviation
November 16th, 2011 - 6:32 pm ICT by IANS
New Delhi, Nov 16 (IANS) The Bharatiya Janata Party (BJP) Wednesday opposed foreign direct investment (FDI) in the aviation sector, saying it will lead to annihilation of the domestic ... Read more...
Posted in Politics |
Rationalise tax structure for aviation sector: Assocham
November 12th, 2011 - 8:35 pm ICT by IANS
Bangalore, Nov 12 (IANS) With private carrier Kingfisher Airlines cancelling dozens of flights across the country and its competitors Jet Airways and SpiceJet sliding into red, an industry body Saturday ... Read more...
Posted in Business |
Karina Airlines gets nod for regional flights
November 10th, 2011 - 6:35 pm ICT by IANS
New Delhi, Nov 10 (IANS) Karina Airlines, a unit of KRC group, Thursday said it has got approval from the civil aviation ministry to operate flights in the northern region ... Read more...
Posted in Business |
Russian airline Transaero orders four A380s
October 29th, 2011 - 12:01 am ICT by BNO News
MOSCOW (BNO NEWS) -- Russian airline Transaero has signed an agreement with Airbus for four A380 aircraft in a deal valued at approximately $1.5 billion, the aircraft manufacturer announced on Friday.Transaero Airlines ... Read more...
Posted in Business |
Business aviation players form association
October 21st, 2011 - 9:05 pm ICT by IANS
Mumbai, Oct 21 (IANS) Thirty-nine business aircraft operators, representing 65 percent of the country's fleet in this category, have formed an association to define standards for the sector and promote ... Read more...
Posted in Business |
Charter flight operators seek sops
October 20th, 2011 - 9:58 pm ICT by IANS
New Delhi, Oct 20 (IANS) An association of charter flight operators and related service providers Thursday said they will submit a memorandum to the government to seek cuts in taxes ... Read more...
Posted in Uncategorized |
India to rank among top five aviation nations: President
October 17th, 2011 - 2:34 pm ICT by IANS
Mumbai, Oct 17 (IANS) With a huge growth potential forecast over the next 10 years, the Indian aviation sector is set to be catapulted among the top five in ... Read more...
Posted in Business |
No backing away on emission cap for aviation sector: EU
October 4th, 2011 - 6:28 pm ICT by IANS
New Delhi, Oct 4 (IANS) The European Union (EU) will not back away from its decision to put a charge on carbon emissions from airlines from January 2012 but it ... Read more...
Posted in Uncategorized |
Airports Authority wants to raise Rs.5,000 crore
September 19th, 2011 - 6:55 pm ICT by IANS
New Delhi, Sep 19 (IANS) State-run Airports Authority of India (AAI) Monday said it will again seek the government's clearance for its proposal to issue Rs.5,000 crore worth of infrastructure ... Read more...
Posted in Business |
Engineering consultancy Meinhardt to invest Rs.100 crore in India
September 18th, 2011 - 6:46 pm ICT by IANS
New Delhi, Sep 18 (IANS) Singapore-headquartered Meinhardt Group, an engineering consultancy services firm, Sunday said it plans to invest Rs.100 crore within a year in expanding its Indian operations."We have ... Read more...
Posted in Business |
Aeromexico carries out first transcontinental biofuel flight
August 2nd, 2011 - 6:25 pm ICT by BNO News
MEXICO CITY (BNO NEWS) – Mexican flagship carrier Aeromexico on Monday evening made its first transcontinental flight using biofuel, the company said on Tuesday.The company said the flight from Mexico City to ... Read more...
Posted in World News |
Mahindra, Eurocopter ink product development deal
July 26th, 2011 - 9:45 pm ICT by IANS
New Delhi, July 26 (IANS) Indian conglomerate Mahindra Group's subsidiaries Mahindra Aerospace and Mahindra Satyam Tuesday entered into an agreement with international helicopter manufacturer Eurocopter for the joint design and ... Read more...
Posted in Business |
US-India to cooperate on flight navigation systems
July 19th, 2011 - 1:49 pm ICT by IANS
New Delhi, July 19 (IANS) US aviation watchdog Federal Aviation Administration (FAA) Tuesday said it would cooperate with the Airport Authority of India (AAI) on developing the ground-based augmentation system ... Read more...
Posted in Business |
High-tech trade: India urges US to focus on R&D;, design (Lead)
July 11th, 2011 - 5:28 pm ICT by IANS
New Delhi, July 11 (IANS) India Monday said its high-technology cooperation with the US has "underperformed" in commercial sectors, and called for increased focus on research and development, design, joint ... Read more...
Posted in Uncategorized |
GoAir orders 72 aircraft from Airbus
June 16th, 2011 - 10:22 pm ICT by IANS
Mumbai, June 16 (IANS) In a move to service increasing passenger growth, budget carrier GoAir Thursday said it has placed an order worth Rs.32,400 crore ($7.2 billion) with Airbus for ... Read more...
Posted in Business |
Dubai aviation sector to earn $44.5 bn by 2020
June 14th, 2011 - 9:45 pm ICT by IANS
Dubai, June 14 (IANS/WAM) The aviation sector in Dubai is expected to earn $44.5 billion by 2020, according to an international research firm.Oxford Economics said in its recent report titled ... Read more...
Posted in Business |
Aviation regulator wants stricter compliance of safety norms
June 4th, 2011 - 8:34 pm ICT by IANS
New Delhi, June 4 (IANS) Taking note of the recent accidents involving choppers and a light aircraft, the Directorate General of Civil Aviation (DGCA) Saturday said a stricter audit of ... Read more...
Posted in Business |
Jet Airways’ market share 26.1 percent in February
March 23rd, 2011 - 6:26 pm ICT by IANS
New Delhi, March 23 (IANS) Leading private airline Jet Airways Wednesday reported a consolidated market share of 26.1 percent in the domestic segment in February."Jet Airways together with JetLite, successfully ... Read more...
Posted in Business |
Manish Tiwari pulls up DGCA over fake pilot scam
March 15th, 2011 - 9:05 pm ICT by ANI
New Delhi, Mar 15 (ANI): Commenting on the recent detection of pilots for possessing fake CPLs (Commercial Pilot Licences) as qualified commanders, Congress spokesperson Manish Tiwari on Tuesday slammed the Director General ... Read more...
Posted in National |
Foreign airlines to invest in civil aviation under Consideration: official
March 15th, 2011 - 6:24 pm ICT by ANI
New Delhi, Mar. 15 (ANI): Civil Aviation Secretary Dr Nasim Zaidi today said the Ministry of Civil Aviation has received a request from Department of Industrial Policy and Promotion (DIPP) regarding allowing ... Read more...
Posted in National |
Man cheating people with aviation sector jobs arrested
March 10th, 2011 - 10:49 pm ICT by IANS
New Delhi, March 10 (IANS) A man has been arrested for allegedly cheating several people with promises of lucrative jobs in the aviation sector, police said Thursday.Deepak Mishra, 38, owner ... Read more...
Posted in Uncategorized |
Middle East unrest upsets aviation sector
March 5th, 2011 - 12:58 am ICT by IANS
Abu Dhabi, March 4 (IANS/WAM) The aviation industry is concerned over rising fuel prices triggered by the political turmoil in some oil-rich countries in the Middle East.Several oil-producing countries, ... Read more...
Posted in Business |
Karnataka gets Rs.4.3 bn investments in aerospace sector
February 13th, 2011 - 11:14 pm ICT by IANS
Bangalore, Fe 13 (IANS) Nine Indian firms, including IT bellwether Wipro and automotive major Mahindra and Mahindra have submitted investment proposals worth Rs.4.3 billion ($94.2 million)to the Karnataka government to set up ... Read more...
Posted in Business |
Air India to get first 787 Dreamliners by year end
February 9th, 2011 - 10:46 pm ICT by IANS
Bangalore, Feb 9 (IANS) US-based aircraft manufacturer Boeing's Indian subsidiary Wednesday said the long-awaited delivery of Air India's maiden batch of 787 'Dreamliner' aircraft will be made in the fourth quarter of ... Read more...
Posted in Business |
Air India to get first 787 Dreamliner by 2011-end
February 9th, 2011 - 7:48 pm ICT by IANS
Bangalore, Feb 9 (IANS) Boeing India, the American aircraft manufacturer's Indian subsidiary, Wednesday said the long-awaited delivery of Air India's advanced 787 Dreamliner would be made in the fourth quarter of 2011."India's ... Read more...
Posted in Business |
Etihad to expand services in India
February 5th, 2011 - 12:10 am ICT by IANS
Abu Dhabi, Feb 4 (IANS/WAM) Etihad Airways, the national airline of the United Arab Emirates, has decided to expand its services in India to tap the huge opportunity offered by the Indian ... Read more...
Posted in Business |
New aviation charter alliance Powerfly to take wings Feb 14
February 1st, 2011 - 10:17 pm ICT by IANS
Mumbai, Feb 1 (IANS) Deccan Charters Limited, Taj Air and Business Jets India Tuesday announced a strategic alliance "Powerfly" to offer customers a wider choice of aircraft and network.Powerfly would also leverage ... Read more...
Posted in Business |
Patel to focus on re-energising public sector firms
January 20th, 2011 - 10:56 pm ICT by IANS
New Delhi, Jan 20 (IANS) Newly-appointed Heavy Industries and Public Enterprises Minister Praful Patel Thursday said he would renew efforts to re-energise the public sector enterprises which come under his ministry. Patel, ... Read more...
Posted in Business |
