The airline stocks have been doing well in a goldilocks like scenario. To discuss the dynamics of the industry as well as potential of a new player coming into the private listed space – Air India. CNBC-TV18 spoke to Amber Dubey, Partner & Head of Aerospace & Defense, KPMG and Mayur Milak, Senior Research Analyst, […]
Continue Reading... No Comments.About 33 destinations (unserved airports) throughout the country will be connected by air services by this September-end, Union Civil Aviation Minister Ashok Gajapathi Raju has informed on Wednesday. Five operators would operate on 128 routes connecting 70 airports, most of which are not well connected by airlines at present. “Five airlines will be participating in […]
Continue Reading... No Comments.At least three aviation companies, besides the Tata group, have shown an interest in acquiring a stake in the beleaguered national carrier Air India. Sources close to the airline said that initial meetings had taken place with possible buyers, including the Tata group. “After Finance Minister Arun Jaitley’s interview to Doordarshan News in the last […]
Continue Reading... No Comments.If Tata Group buys a controlling stake in beleaguered national carrier Air India, as indicated by an ET Now report, the history will come full circle. The airline will go back to a group which had built and nurtured it into one of the world’s finest airlines until grasping and sloppy governments run it into […]
Continue Reading... No Comments.Ratings agency ICRA on Wednesday estimated that passenger traffic generated from the central government’s ambitious regional air connectivity scheme UDAN would be around 4.43 lakh passengers only during FY2018. According to a study conducted by ICRA, UDAN’s impact would be marginal at 0.4 per cent of total passenger traffic during the year. The report pointed […]
Continue Reading... No Comments.Design services provider Tata Elxsi has been roped in by the Airports Authority of India (AAI) to design information and technology guidelines for all upcoming AAI airports. Tata Elxsi will help AAI set up a team and create a process to design and implement customer-centric information and wayfinding system, which will cover the entire passenger […]
Continue Reading... No Comments.Itanagar: In a major relief which may pave way for construction of the Greenfield Airport at Hollongi, the Gauhati High Court Itanagar Permanent Bench has dismissed the PIL filed in 2015. While disposing off the case, the court directed the Papum Pare Deputy Commissioner, “To ensure that compensation that is payable on account of acquisition […]
Continue Reading... No Comments.Australia’s first 10 seat Single Engine Turbine aircraft, the AIRVAN 10, has been awarded its FAR 23 Type Certificate from the Australian Civil Aviation Safety Authority, which was followed, by the US Type Certificate being issued by the Federal Aviation Administration. S P Shukla, chairman, Mahindra Aerospace, and Group president-Aerospace & Defence, Mahindra Group, commented, […]
Continue Reading... No Comments.Manila: The government has put on hold unsolicited proposals for new airports to serve Manila as it focuses on measures that can be undertaken immediately to address congestion at the country’s main international gateway. Manuel Antonio Tamayo, undersecretary for aviation at the Department of Transportation (DOTr), told reporters the National Economic and Development Authority has […]
Continue Reading... No Comments.Aviation minister Ashok Gajapathi Raju today warned airlines and travel portals of “strict action” if they did not refund taxes and levies to passengers for the cancelled tickets. Civil Aviation minister Ashok Gajapathi Raju, in a series of tweets, said the practice of not refunding taxes and levies to passengers for a cancelled ticket was […]
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