Category Archives: Aviation
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Government weighs options on Air India’s Rs 30,000 crore debt
Posted on July 18, 2017 by Diligentia News in Aviation.The government is weighing multiple options to raise money from Air India, going beyond the recommendation to take over Rs 30,000-crore debt suggested by NITI Aayog, which suggested stake sale of the cash-sucking carrier. One of the options is to go for a reverse bid that will pit the Rs 30,000-crore debt against rights such […]
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No plans to expand, invest in India: Oman Air
Posted on July 18, 2017 by Diligentia News in Aviation.Oman Air will not expand its operations to India or buy a stake in Air India, under current circumstances, an official from Oman Air has confirmed. It was reported that Oman Air was likely to invest in the Indian carrier if the open skies agreement was worked out between the two countries; however, with troubled […]
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Clarity on GST over aircraft imports soon
Posted on July 18, 2017 by Diligentia News in Aviation.The finance ministry has assured airlines that confusion over the applicability of the goods and services tax (GST) on imported aircraft that resulted in double taxation will be sorted out soon and a clarification will be issued at the GST Council meeting likely to be held next month. The matter is related to taxation on […]
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What is the divestment of Air India all about?
Posted on July 18, 2017 by Diligentia News in Aviation.The Union Cabinet on June 28 gave its ‘in-principle’ nod to divest stakes in Air India — a wholly owned government airline. The Cabinet decided to go for Air India’s strategic disinvestment, which means the government is willing to shed a substantial portion of its stake and hand over the management of the ailing airline […]
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Pratt engine fixes prompt IndiGo to ground seven airbus planes
Posted on July 14, 2017 by Diligentia News in Aviation.India’s biggest airline grounded at least seven Airbus SE jetliners as it awaits fixes for balky Pratt & Whitney engines, joining several carriers around the world that have pulled the planes from service. IndiGo stopped using one A320neo aircraft this month after grounding four in June and two in May, according to data from flight-tracking […]
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Surging heat may limit aircraft takeoffs globally: Study
Posted on July 14, 2017 by Diligentia News in Aviation.Rising temperatures due to global warming will make it harder for aircraft around the world to take off in coming decades, according to a study. During the hottest parts of the day, 10 to 30 per cent of fully loaded planes may have to remove some fuel, cargo or passengers, or else wait for cooler […]
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Kerala airports handle more international passengers than domestic
Posted on July 13, 2017 by Diligentia News in Aviation.The growth in India’s domestic air travel is among the key benchmarks the sellers of global commercial jets would keenly track. But, curiously, some airports in the peninsula cater to more international than domestic passengers, illustrating the traffic potential from the Gulf and the ASEAN cities in the South. Data from the state-run aviation property […]
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24 global destinations: Can IndiGo digest Air India’s international operations?
Posted on July 12, 2017 by Diligentia News in Aviation.After the Cabinet Committee on Economic Affairs (CCEA) gave its in-principle approval for considering the “strategic disinvestment of Air India” and its “five subsidiaries”, IndiGo Airlines founder Rahul Bhatia was the first off the block to make an offer. Bhatia’s statement at the airline’s investors’ meet had three key takeaways. He wants to buy Air […]
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Indian-origin man proposes $6-bn cheaper Heathrow runway plans
Posted on July 12, 2017 by Diligentia News in Aviation.An Indian-origin ‘wealthy’ businessman in the UK has submitted plans for a new third runway at Heathrow airport, claiming to lower costs by five- billion pounds, a media report said today. Surinder Arora, a hotel tycoon, has put his proposal to the government’s public consultation on Heathrow. Ministers have expressed a preference for the airport’s […]
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Airport Authority of India to seek nod to demolish old airport terminals
Posted on July 12, 2017 by Diligentia News in Aviation.After getting the approval to expand the Chennai International Airport, The Airport Authority of India (AAI) is gearing up to apply to the public investment board for permission to tear own the old international terminal. AAI is planning to demolish old terminals and expand the airport to increase passenger capacity to 30 million per year. […]
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