Category Archives: Aviation

• Boeing nears $10.1 billion order from Spicejet, says report

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

  Budget airline SpiceJet Ltd is expected to order at least 92 Boeing Co 737 jetliners, as it looks to bolster its presence in the world’s fastest growing aerospace market, Bloomberg reported on Thursday. The deal, which would more than double SpiceJet’s 40-plane fleet, may be closed within weeks Bloomberg reported, citing people with direct knowledge […]

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• IndiGo, SpiceJet raise red flag over FDI norms in aviation

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

  IndiGo and SpiceJet have raised “security” concerns over the government’s decision to allow 100 per cent foreign ownership by non-airline players in the Indian carriers. Spicejet CMD Ajay Singh and IndiGo president Aditya Ghosh have recently raised this issue during their meeting with Commerce and Industry Minister Nirmala Sitharaman. During the meeting, the two airlines […]

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• India To Buy Six More C295s for Coast Guard

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

  India is likely to sign a contract with Airbus Defence and Space for 56 C295 military transports within six months, according to the country’s retiring chief of the air staff, Arup Raha. Meanwhile, the Indian Ministry of Defence has cleared the separate acquisition of six C295s for an Indian Coast Guard requirement. Both orders will […]

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• Centre mulls lower import duty for leasing firms

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

  The Union civil aviation ministry has proposed the lowering of customs duty for aircraft imported by leasing companies set up in India. The ministry has asked the finance ministry to consider reducing customs duty for lessors from 21 per cent to the prevalent rates of zero per cent for scheduled and two per cent for […]

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• Defer higher air navigation charges at Indian airports: IATA

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

  Global airlines body IATA has urged the government to defer implementation of revised air navigation charges at various Indian airports saying there was “complete lack” of consultations with stakeholders in this regard. The charges for airport services as well as those related to air navigation at non-major aerodromes have been revised effective December 16, 2016. […]

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• Air India operational losses down 70 per cent in 9 months

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

  Air India has continued to improve its financial performance, reducing operational losses by 70 per cent to Rs 161crore for the first nine months of the currrent fiscal ending December 2016, aided by higher ancillary revenues and higher contribution from subsidiaries. The airline reported a 10.6 per cent increase in operating revenues atRs 15,828 crore, […]

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• Union Budget 2017: Allow private airport operators to raise funds via tax free infrastructure bonds, says FICCI

  Posted on January 5, 2017 by Diligentia News in Aviation.

  Union Budget 2017 should facilitate private airport operators to raise funds by allowing them to issue tax free infrastructure bonds, recommends FICCI. In its pre-Budget 2017 memorandum, the Federation of Indian Chambers of Commerce and Industry (FICCI) said, “To facilitate the private airport operators to raise funds, it is recommended that they should also be […]

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• GMR cites ‘execution challenges’, may exit Navi Mumbai airport project

  Posted on January 5, 2017 by Diligentia News in Aviation.

  The Navi Mumbai Airport project has run into trouble, days before the January 9 deadline for submission of financial bids, with at least two bidders — GMR Airport Ltd and MIA Infrastructure — among the four short-listed companies expressing concerns over likely delays in project execution. The companies have written to the City and Industrial […]

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• India to play hardball for equitable share of slots at foreign airports

  Posted on January 5, 2017 by Diligentia News in Aviation.

  India may make allocation of slots for its airlines an essential part of any bilateral treaty signed in future. This is after hectic lobbying and repeated complaints by airlines that they were being overlooked in terms of peak time slots. According to sources in the civil aviation ministry, there has been a mutual consensus between […]

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• Indian aviation takes off but growth weighs on airports

  Posted on January 5, 2017 by Diligentia News in Aviation.

  After a long rough patch, Indian aviation is finally booming, but that burst of growth is now taking a toll on the industry’s infrastructure. High operating costs, intense competition and the collapse of Kingfisher Airlines had weakened both business and civil sectors in previous years, but recently the Indian market has turned a corner into […]

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