Category Archives: Aviation

• Pune International Airport Site: AAI demands more land; focus shifts from Khed to Purandar

  Posted on September 5, 2016 by Diligentia News in Aviation.

  With more land sought by the Airports Authority of India (AAI) for the proposed Pune international airport, the district administration along with the officials from the AAI and Maharashtra Airport Development Company (MADC) have shown keen interest on the site in Purandar taluka, besides having assessed two sites of Koye-Pait and other villages in Khed […]

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• Air India Express turns profitable for the first time

  Posted on September 5, 2016 by Diligentia News in Aviation.

  Air India is likely to enjoy acche din, as its low-cost international subsidiary Air India Express has turned the corner by reporting net profits for the first time since it started operations in April 2005. The airline reported a profit of Rs 362 crore during the 2015-16 fiscal, helped by lower fuel prices and improved […]

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• Mahindra May Start Plane Sales, Manufacturing in India This Year

  Posted on September 5, 2016 by Diligentia News in Aviation.

  The aerospace unit of Mahindra & Mahindra Ltd plans to sell planes built by its Australian unit in India this year, a top company executive said. Mahindra may also consider manufacturing the planes in India if sales pick up. “We are hoping that (regulatory) approvals will come this year; so once approvals come this year, […]

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• Moody’s downgrades credit rating of DIAL

  Posted on September 2, 2016 by Diligentia News in Aviation.

  Moody’s Investors Service today cut the credit rating of DIAL, which operates the international airport here, citing concerns over “cash flow generation” level. DIAL’s (Delhi International Airport Pvt Ltd) corporate family rating as well as senior secured ratings have been revised downwards to ‘Ba2’ from ‘Ba1’ while the outlook is stable. ‘Ba’ indicates substantial credit […]

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• GMR subsidiary will pay 36.9% of topline for 38 years to operate new airport in North Goa

  Posted on September 2, 2016 by Diligentia News in Aviation.

  GMR Airport Ltd will pay 36.9 per cent of the topline during the concession period for managing the greenfield airport in Mopa, Goa. During a call with analysts late on Monday, senior GMR officials said that though the concession period is for 40 years, the pay-out will for 38 years as there is a two-year […]

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• Karnataka tweaks Aerospace Policy

  Posted on September 2, 2016 by Diligentia News in Aviation.

  Karnataka Cabinet has approved amendments to the Karnataka Aerospace Policy 2013-23 to make the state a favourable destination for maintenance, repair and overhaul (MRO) investments. Briefing reporters after the Cabinet meet, State Law and Parliamentary Affairs Minister TB Jayachandra said, “The amendment pertains to providing special incentives for the development of the MRO sector to […]

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• Regional connectivity: AIR India, SpiceJet make the cut; bigger jets don’t

  Posted on September 2, 2016 by Diligentia News in Aviation.

  The first set of regional flights may come from Air India and SpiceJet, as the aviation ministry feels these two already have suitable aircraft in their fleet to be the launch airlines for its project to provide air connectivity to towns and small cities. “Bigger jets will not be able to fly these regional routes, […]

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• Aviation Ministry may adopt Railways’ model to beat higher fares during festival rush

  Posted on September 2, 2016 by Diligentia News in Aviation.

  The aviation ministry is discussing a railways-kind of model to provide relief to flyers from higher fares during festival season and long weekends and is considering allowing airlines to add more capacity for such short periods to bridge the demand-capacity mismatch. “The fares do get high during seasons like Christmas coming and all. For those […]

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• As Indian economy soars, business class flight bookings see a sharp rise

  Posted on September 2, 2016 by Diligentia News in Aviation.

  More wealthy Indians are buying business class seats on international flights, primarily as corporates expand their business interests globally and spend on premium air travel for their senior management. A year-on-year comparison done for every month since January by some travel firms for ET revealed bookings in the segment jumped by up to 75 per […]

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• UP polls in sight, Greater Noida airport gets central push

  Posted on September 2, 2016 by Diligentia News in Aviation.

  With the UP assembly elections approaching, the Modi administration has fast-tracked the groundwork for NCR’s second airport in Greater Noida’s Jewar district. The UP government is also pushing for early clearance of the airport apart from having international operations at Agra Airport. Aviation secretary R N Choubey told TOI on Thursday that the ministry had […]

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