Hindustan Aeronautics Ltd (HAL) has posted profit before tax at ?3,294 crore in fiscal 2016-17, registering 0.18 per cent growth compared with last fiscal’s ?3,288 crore. Though PBT was barely above last year’s level, the company posted the highest ever turnover of ?17,406 crore for the fiscal under review, registering 4 per cent annual growth […]
Continue Reading... No Comments.The Cabinet today cleared the pact between the Airports Authority of India (AAI) and France’s DGAC for technical collaboration in the civil aviation space. The memorandum of understanding (MoU) would be between AAI and Civil Aviation Authority (DGAC). An official spokesperson tweeted that the Cabinet has approved ‘India-France MoU in civil aviation’ sector. The pact […]
Continue Reading... No Comments.Assam industry minister, Chandra Mohan Patwary said Union civil aviation ministry will pump in Rs 1000 crore for creation of new passenger and cargo terminal at Guwahati airport. Patwary said, “Union civil aviation ministry has inked MOU for regional airlines under which viability gap funding will be done for flights operation in Northeast India.” He […]
Continue Reading... No Comments.As many as 35 functional airports in the country do not have night landing facility, Civil Aviation Minister Ashok Gajapati Raju said today. Airlines have to apply to the Airports Authority of India to facilitate night landing facility in a particular airport and then process of offering the convenience starts. “There are 47 licenced landing […]
Continue Reading... No Comments.Delhi airport has emerged as favourite for passengers travelling to Europe, Asia and North America while Mumbai is preferred by those travelling to Middle East and Africa. An air traffic report prepared by Delhi airport revealed that foreign tourists prefer arriving at Delhi. The annual traffic report also revealed that Delhi is the most connected […]
Continue Reading... No Comments.HomeIndustry Iconic A380 struggling to get buyers: Airbus plans massive revamp of plane, carves out space to fit 80 more seats Iconic A380 struggling to get buyers: Airbus plans massive revamp of plane, carves out space to fit 80 more seats Airbus Group SE is making a fresh sales pitch for its A380 superjumbo with […]
Continue Reading... No Comments.During February 2017, the air passenger traffic in the country stood at 21.9 million, exhibiting a y-o-y growth of 14% over February 2016. During 11m FY2017, the passenger traffic has reported a y-o-y growth of 19%, aircraft traffic has grown by 14% and cargo traffic has grown by 9%. Mr. Harsh Jagnani, Vice President and […]
Continue Reading... No Comments.Promoters of Air Carnival are all set to sell their 100 per cent stake “possibly this week” for about Rs 73 crore in the regional airline, which started flying less than a year ago. Air Carnival is the second regional carrier after grounded Air Pegasus to scout for new owners amid funding issues. Promoted by […]
Continue Reading... No Comments.The Air India board has approved a proposal seeking to induct the wide-bodied Boeing 787-9 aircraft in the fleet as it plans to expand operations to the US besides launching services to Canada. Air India will lease seven B787-900 planes, the higher range of B787-8 aircraft, for which the Board has given its go-ahead, Chairman […]
Continue Reading... No Comments.AirAsia India’s Malaysian partner has asked the Indian government to exempt the Indian subsidiary from the 0/20 foreign flying rule. The exemption request was made by Malaysian Business Council to Prime Minister Narendra Modi. “If the exemption from 0/20 is guaranteed, we will start international flights in three months. The Malaysian carriers have exhausted bilateral […]
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