Category Archives: Aviation

• TAL Manufacturing inaugurates Rs 100 crore aerospace facility

  Posted on September 15, 2016 by Diligentia News in Aviation.

  Tata Motors arm TAL Manufacturing Solutions has inaugurated a Rs 100 crore assembly shop at its Nagpur-based facility for aerospace business. With a manufacturing area of 96,000 sq ft and investment of over Rs 100 crore, the facility has equipment to support technologies such as fluid cell forming, extrusion stretch wrapping, and high speed machining […]

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• Zero tolerance for height norm violations near airports: Bombay High Court

  Posted on September 15, 2016 by Diligentia News in Aviation.

  The Bombay High Court today said zero tolerance will be adopted for any kind of construction that comes up in violation of height regulations near both domestic and international airports in the city. A division bench headed by Justice V M Kanade made the observation while hearing an application filed by the developer of a […]

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• Bengaluru violence: AirAsia allows passengers to reschedule travel free of cost

  Posted on September 14, 2016 by Diligentia News in Aviation.

  Low-cost carrier AirAsia today said passengers of their flights departing from Kempegowda International Airport here on September 13 can reschedule their travel at no charge due to logistical difficulties that they may face in getting to the airport following the outbreak of violence over the Cauvery issue. “AirAsia understands the seriousness of the current situation […]

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• Air India looks to recast loans worth Rs 28000 crore

  Posted on September 12, 2016 by Diligentia News in Aviation.

  Saddled with a debt of almost Rs 50,000 crore, Air India is trying to restructure the Rs 28,000 crore working capital portion of this burden. The airline’s top brass had an informal meeting with State Bank of India management last week in Mumbai where the Maharaja requested that SBI Caps be asked to examine the […]

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• SpiceJet to buy more aircraft, ‘not thinking of stake sale’

  Posted on September 12, 2016 by Diligentia News in Aviation.

  SpiceJet reported a stellar set of Q1 numbers with revenues growing 37 per cent to ?1,521.53 crore and profits more than doubled to ?149 crore. Speaking to BTVi, SpiceJet Chairman Ajay Singh said the airline has grown its profits despite keeping fares steady in a challenging environment. It is also in advance stage to acquire […]

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• Surging railway fares could increase traffic at airlines

  Posted on September 12, 2016 by Diligentia News in Aviation.

  The decision by Indian Railways to allow surge pricing in Rajdhani, Shatabdi and Duronto trains will further expedite the shift of rail passengers towards airlines — giving an impetus to the country’s growing aviation sector. Today onwards, railways has introduced the concept of surge pricing on base fares of Shatabdi, Rajdhani and Duronto trains. According […]

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• Chhattisgarh inks MoU with Aviation Ministry to boost air link

  Posted on September 12, 2016 by Diligentia News in Aviation.

  Chhattisgarh Government today inked a memorandum of understanding (MoU) with the Ministry of Civil Aviation to boost regional air connectivity within the state. The MoU was signed at a function this evening at the secretariat in the presence of Union Civil Aviation Minister Ashok Gajapathi Raju and Chhattisgarh Chief Minister Raman Singh, a public relations […]

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• Global airport traffic up 6.4% in 2015, fastest rate since 2010

  Posted on September 12, 2016 by Diligentia News in Aviation.

  Global airport traffic grew at its fastest rate last year since 2010, rising 6.4 percent to 7.2 billion passengers, according to data published on Friday by an international trade association representing airports. But passenger growth this year could be tempered by the threat of militant attacks, geopolitical unrest and potential bottlenecks for passengers lining up […]

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• Government looking at 6-year plan to upgrade airport infrastructure: Jayant Sinha

  Posted on September 12, 2016 by Diligentia News in Aviation.

  Minister of State for Civil Aviation Jayant Sinha has told ET that the government is looking at a six-year plan to upgrade airport infrastructure, given that India’s metro airports are bursting at their seams, and are struggling to cope with the crush of passengers and choked runways. The upgrade is almost imperative as Indian airports […]

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• SpiceJet Q1 profit doubles to ₹149 cr

  Posted on September 9, 2016 by Diligentia News in Aviation.

  No-frills airline SpiceJet reported a net profit of ?149 crore for the first quarter of 2017 against a profit of ?73 crore for the same period of the previous year. This is the sixth consecutive profitable quarter for the Gurgaon-headquartered low-cost airline. In a statement the airline said that on an EBITDA basis SpiceJet reported […]

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