Category Archives: Aviation
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DGCA to get more teeth soon
Posted on May 30, 2017 by Diligentia News in Aviation.The country’s civil aviation regulator Directorate General of Civil Aviation (DGCA) is likely to get new powers including that of imposing penalties for violations. At present, the watchdog can debar, suspend and even cancel the permission to fly for the carriers as well as individual pilots and engineers. However, it cannot impose any monetary penalty. […]
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Abolishing FIPB: Would be even better if India modified restriction in aviation, retail
Posted on May 30, 2017 by Diligentia News in Aviation.Nothing symbolises how far, and fast, India has moved in terms of opening its markets than last week’s abolition of the Foreign Investment Promotion Board (FIPB). Set up as part of the 1991 economic reforms, the FIPB was a high-level inter-ministerial group that cleared foreign investment proposals in the country at a time when most […]
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Sure Mr Jaitley, Air India Can Be Sold But You May Have To Pay Someone To Buy It
Posted on May 30, 2017 by Diligentia News in Aviation.No statement made by any NDA minister made so far is as significant as the one made by Finance Minister Arun Jaitley on Saturday (27 May), where he called for the divestment of Air India. “If 86 per cent of the flying can be handled by the private sector, they can handle 100 per cent […]
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Arun Jaitley for Air India sell-off, says private airlines can handle entire market, no need for state-run co
Posted on May 30, 2017 by Diligentia News in Aviation.Finance Minister Arun Jaitley has favoured disinvestment of the loss-making Air India, saying the airlines market share is just around 14 percent whereas the debt burden is Rs 50,000 crore. This is the clearest indication yet from the current NDA regime on possible stake sale in Air India, which is staying afloat on taxpayers money. […]
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Aviation ministry to plan path for AI this week
Posted on May 30, 2017 by Diligentia News in Aviation.The flight path for Air India’s future may be drawn as early as next month. With finance minister Arun Jaitley saying the government is open to disinvesting in the airline, the aviation ministry will this week begin internal deliberations on the issue. Apart from this, the Niti Aayog is also learnt to be in advance […]
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Legacy issues continue to drag down Air India’s financial performance: Ashok Gajapathi Raju, Civil Aviation Minister
Posted on May 25, 2017 by Diligentia News in Aviation.Even as the government has rolled out a national aviation policy and the Regional Connectivity Scheme (RCS) has been kicked off, the civil aviation ministry still needs to sort out several issues. Civil aviation minister Ashok Gajapathi Raju tells FE’s Malyaban Ghosh while Air India’s operational performance has improved, its legacy issues continue to drag […]
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Airports Authority of India plans to integrate terminals at airport
Posted on May 25, 2017 by Diligentia News in Aviation.The Airports Authority of India is moving closer to building new terminals proposed as part of phase II expansion of Chennai airport. A detailed project report has been submitted and a tender will soon be floated to find a contractor. The proposal to build two buildings after demolishing the old ones and integrate them with […]
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100% FDI in Airlines Poses Threat To National Security
Posted on May 25, 2017 by Diligentia News in Aviation.Allowing 100% foreign direct investment (FDI) in scheduled Indian carriers could poses a serious “security threat” to the country’s “national security”, the Federation of Indian Airlines (FIA) has told the government. FIA has termed the government’s decision to relax the foreign investment norm to 100% as “unprecedented” in its latest salvo against the move. The […]
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Regional air routes: Govt seeks feedback on proposed changes in second round of bidding
Posted on May 24, 2017 by Diligentia News in Aviation.The Government is seeking the comments of stakeholders on four changes it plans to bring during the second round of bidding for award of rights to fly under its regional air connectivity scheme (RCS) UDAN. These include whether the minimum distance to be flown to be eligible to fly under the scheme should be changed […]
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AAI may get additional land for Surat airport soon
Posted on May 24, 2017 by Diligentia News in Aviation.If all goes well, Airports Authority of India (AAI) will be allotted additional chunk of land by the state government for immediate expansion of runway up to 3,810 metre by the end of this year. The district administration had set up teams comprising officers from the department of land resources (DLR), mamlatdar and executive engineer […]
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