Category Archives: Aviation

• PAC’s study of PPPs to begin with a visit to Delhi airport

  Posted on March 7, 2017 by Diligentia News in Aviation.

  The Public Accounts Committee (PAC) is starting a detailed study on public-private partnerships (PPPs) in the country with a visit to the Delhi international airport on Tuesday. The panel, which has already constituted a sub-committee to discuss the issue, will start its work by studying the PPP between the Civil Aviation Ministry and the GMR […]

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• SPV to free Air India of debt in the works

  Posted on March 7, 2017 by Diligentia News in Aviation.

  South Asia’s oldest airline, Air India, is seeking to jettison its decades-old debt baggage as part of a programme that would allow the country’s flag carrier to transfer loans to a dedicated company and create a capital structure underpinning its turnaround initiatives. The idea of a Special Purpose Vehicle (SPV), which would hold the debt […]

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• Government okays Rs 4,500 crore project to revive 50 airports, airstrips

  Posted on March 7, 2017 by Diligentia News in Aviation.

  The Cabinet approved a proposal to revive 50 unserved and under-served airports as well as airstrips at an estimated cost of Rs 4,500 crore. With the plan, the government is looking to enhance air connectivity to small cities and towns while the revival of such airports and airstrips would be “demand driven”. The proposal was […]

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• Cheaper flights on anvil: Government to declare UDAN bid results by March 15

  Posted on March 6, 2017 by Diligentia News in Aviation.

  The government will likely announce the winners of its regional connectivity scheme UDAN by March 15, CNBC TV18 reported citing unidentified sources. It said that 11 companies were learnt to have submitted the bids operating subsidised flights on 200 routes across the country, covering 43 airports. The government had invited bids from carriers to start […]

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• SpiceJet shuns UDAN subsidies

  Posted on March 6, 2017 by Diligentia News in Aviation.

  No-frills carrier SpiceJet will fly without subsidies to unserved airports from three of India’s biggest urban centers, helping achieve the federal goal of boosting regional aviation connectivity in a country that relies on crowded railroads and rickety roads to link its cities to the hinterland. Among eleven airlines applying for regional flights under the plan […]

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• Air India appoints McKinsey to advise on business plan

  Posted on March 6, 2017 by Diligentia News in Aviation.

  Air India has appointed McKinsey as consultant to advise on firming up its long term strategic business plan. The consulting firm will give AI a detailed cash-flow based on the plan it prepares, which will focus on redrawing of network. It will also tell the national carrier how much global airlines of its size should […]

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• Slash taxes to support aviation to drive economic growth: IATA

  Posted on March 6, 2017 by Diligentia News in Aviation.

  Global airlines’ body IATA has asked governments across the world to slash taxes and support the aviation sector through improved infrastructure to drive economic growth, generate employment and connect people. “Our world has grown much wealthier through trade and travel. Air travel liberates people to live better lives and makes our world a better place… […]

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• Air India aims to raise $470 million to fund Dreamliner planes

  Posted on March 6, 2017 by Diligentia News in Aviation.

  National carrier Air India has floated a tender to raise a bridge loan of $470 million (Rs 3,149 crore) for financing the remaining four of its ordered Boeing 787 Dreamliner planes. The last date of bidding for banks is March 21. The state-run carrier had in 2005-06 placed an order for 27 Boeing 787 Dreamliner […]

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• AirAsia India hopes to have 20 aircraft by middle of next year

  Posted on March 3, 2017 by Diligentia News in Aviation.

  AirAsia India plans to increase its fleet size to 14 aircraft from the current eight by October this year and get to 20 aircraft by the middle of next year, Amar Abrol, the airline’s Managing Director and Chief Executive Officer, said on Thursday. In an informal meeting with the media, Abrol said a project team […]

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• Andhra Pradesh govt planning to launch airline named after Amaravathi

  Posted on March 3, 2017 by Diligentia News in Aviation.

  The Andhra Pradesh government is planning to launch an airline, named after Amaravathi, once the state capital is developed. An official in the N Chandrababu Naidu-led government told PTI that the initiative is aimed at bringing global exposure to the upcoming city and also give a boost to the aviation sector in the state, adding […]

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