Category Archives: Aviation

• Jewar Airport: UP govt to give Rs 4,000 crore under first phase

  Posted on August 2, 2017 by Diligentia News in Aviation.

  The Yamuna Expressway Industrial Development Authority (YEIDA) will be the nodal agency to set up the international airport in Jewar, Greater Noida. The decision has been taken at a high-level meeting held in Lucknow on Tuesday. “YEIDA will work on behalf of the Uttar Pradesh government and start acquiring land for the airport. Funds amounting […]

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• Kishangarh Airport to be commissioned by August, says AAI

  Posted on July 31, 2017 by Diligentia News in Aviation.

  In yet another achievement for the Airports Authority of India (AAI), the Kishangarh airport in Rajasthan is likely to be operational by next month. AAI officials believe the new airport will cater to tourists who visit Ajmer on regular basis. Sudhir Raheja, Member (Planning) of the AAI, said, “Hostile to smile was the motto we […]

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• Boeing expects India to order up to 2,100 aircraft over 20 years

  Posted on July 31, 2017 by Diligentia News in Aviation.

  Boeing Co said on Monday it expects Indian airlines to order up to 2,100 new aircraft worth $290 billion over the next 20 years, calling it the highest-ever forecast for Asia’s third-largest economy. India is one of the world’s fastest-growing aviation markets with domestic passenger traffic growing at more than 20 percent a year over […]

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• Regional connectivity scheme to open new routes: Boeing

  Posted on July 31, 2017 by Diligentia News in Aviation.

  The regional connectivity scheme is going to allow new routes to be opened up in India, Boeing said today. “We expect RCS to allow new routes to be opened up, which will create a market of our Boeing 737, as airlines upgrade the aircraft on routes that opens up with regional connectivity,” said Dinesh Keskar, […]

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• Airlines may hit air pocket on proposed accounting norms

  Posted on July 31, 2017 by Diligentia News in Aviation.

  Domestic airlines will see “varying effects” on their profits in the coming years as they will be required to show all aircraft leases on their balance sheets under a new accounting standard, according to experts. Leasing of aircraft rather than outright purchase is a common practice in the airlines industry worldwide. Once the new accounting […]

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• Jet Airways may virtually merge with KLM-Air France

  Posted on July 28, 2017 by Diligentia News in Aviation.

  Within 24 hours of KLM-Air France, Virgin Atlantic and Delta announcing a blockbuster global deal, ET NOW exclusively learns the Indian skies may also soon be a part of this grand alliance. Sources tell ET Now that Jet Airways is in advanced talks with KLM-Air France for a strategic cooperation that could function as a […]

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• Aviation industry says bye bye to YY Fares

  Posted on July 27, 2017 by Diligentia News in Aviation.

  One of the earliest relics of the global aviation industry will soon be buried. YY Fares, the multilateral interlineable fares from the International Air Transport Association (IATA) will be rescinded from October 31, 2018. The Association, which represents 275 airlines across the world, said in early July that “the rescinding of YY fares reflects the […]

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• As divestment looms, Air India’s Boeing order to end by Mar 2017 as 6 planes join fleet

  Posted on July 27, 2017 by Diligentia News in Aviation.

  Air India will take delivery of six more planes from Boeing by March, marking the completion of the orders the state-owned carrier had placed with the world’s largest aerospace company as far back as December 2005, according to a company official. The company is going ahead with the purchase of the planes even as the […]

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• Tigerair-Scoot deal may push India-Singapore fares down by 15%

  Posted on July 27, 2017 by Diligentia News in Aviation.

  Indian international fliers can expect fares on the India-Singapore route and beyond to fall by about 15% with the merger of Tigerair and Scoot, both budget carriers owned by Singapore Airlines. Nine months after Scoot and Tigerair announced their intention to pursue a single brand and operating licence under the Scoot brand, all Tigerair flights […]

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• CAG seeks details of plan to float trust for UDAN

  Posted on July 27, 2017 by Diligentia News in Aviation.

  The Comptroller and Auditor General (CAG) has sought details of the aviation ministry’s plan to create a trust to fund the government’s regional connectivity scheme (RCS), which was launched three months ago. “They wanted to know about the composition of the trust and other details about the trust, which has been created to keep it […]

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