Air India’s plans to grow its maintenance, repair and overhaul (MRO) business faces a big risk as it faces a severe shortage of aircraft engineers. Air India hived off its engineering department into a separate unit last January to tap business from other airlines. Primarily, it still caters to Air India’s aircraft maintenance but aims […]
Continue Reading... No Comments.A Mumbai-based startup is changing the way millionaires book private jets and negotiate city traffic to reach airport in time. Traditional methods of booking chartered flights done through brokers take up to 48 hours or longer. Enter BookMyCharters, the long-drawn process ends in a click. Travellers get fare, aircraft type and availability and can make […]
Continue Reading... No Comments.Air India posted an operational profit of Rs.105 crore in 2015-16 compared with an operational loss of Rs.2,636 crore in 2014-15 due to an increase in traffic growth. This is the first time the national carrier has posted an operational profit since it was merged with erstwhile Indian Airlines in 2007, the financial results of […]
Continue Reading... No Comments.In an attempt to cut cost, improve ease of doing business and promote regional connectivity, national and regional carriers in India may soon be allowed to use foreign-registered aircraft for charter and regular airline flights. The Ministry of Civil Aviation held a meeting on Thursday, which was attended by Minister of State for Civil Aviation […]
Continue Reading... No Comments.A new terminal built for international flights at the city airport will be inaugurated by Prime Minister Narendra Modi on October 22, a top AAI official said on Thursday. “Construction of the new terminal building is part of the Centre’s efforts to modernise existing airports and develop them at par with international standards,” Guruprasad Mohapatra, […]
Continue Reading... No Comments.Low-cost carrier GoAir today outlined plans to consolidate its domestic market presence with the addition of six Airbus aircraft to its fleet of 20 by March next, while connecting to select overseas destinations by next summer. Announcing Hyderabad as its 23rd destination in the domestic network, Wolfgang Prock-Schauer, Chief Executive Officer of GoAir, said the […]
Continue Reading... No Comments.Government today deliberated the possibility of sharing of a portion of security expenses in airports by travellers with the Civil Aviation Ministry opposing the move backed by the Home Ministry. A high-level meeting, chaired by Home Minister Rajnath Singh, discussed the issue but no decision has been taken on it, sources privy to the deliberations […]
Continue Reading... No Comments.Work on levelling land in the core area of the Navi Mumbai international airport (NMIA) has finally started, almost two decades after a second international airport for Mumbai was proposed. Cidco, which will undertake the cutting of 92-odd metre high Ulwe hill and diversion of the eponymous river, has started some basic work even as […]
Continue Reading... No Comments.In a first-of-its-kind agreement, budget carrier IndiGo, India’s biggest airline by market share, may get Delhi airport’s domestic terminal, better known as Terminal 1D, for its exclusive use. Civil aviation secretary RN Choubey confirmed to HT that talks between GMR-led Delhi International Airport Ltd (DIAL), the consortium that operates the Indira Gandhi International (IGI) airport, […]
Continue Reading... No Comments.During August 2016, the air passenger traffic in the country stood at 21.4 million, exhibiting a substantial growth of 20% over August 2015. In 5m FY2017, the passenger traffic has reported a y-o-y growth of 19%, aircraft traffic has grown by 15% and cargo traffic has grown by 7%. Harsh Jagnani, VP, ICRA Ltd elaborates, […]
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