The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the proposal for revival of 50 un-served/under-served airports/airstrips of the state governments, Airports Authority of India (AAI) and civil enclaves in three financial years starting from 2017-18.
Category: Aviation & Airports
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Air India to raise over Rs 3,000 crore for purchasing Boeing aircraft
Air India is looking to raise short-term loans worth over Rs 3,000 crore to partly fund the acquisition of four Boeing 787 planes. It plans to induct these four aircraft Ăâ part of the 27 aircraft order placed with Boeing Inc in 2006 Ăâ between July and October this year.
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BOC Aviation announces 200th Boeing plane delivery
Leasing company BOC Aviation Limited, which has dealt extensively with Indian carriers, has announced the delivery of its 200th Boeing plane to Lion Air Group.
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BOC in 200th Boeing plane delivery
Leasing company BOC Aviation Limited, which has dealt extensively with Indian carriers, has announced the delivery of its 200th Boeing plane to Lion Air Group.
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Domestic air passenger traffic up 25percent in January
Domestic air passenger traffic went up by 25.13 per cent during last month to 95.79 lakh, according to official data.
ĂâPassengers carried by domestic airlines during January 2017 were 95.79 lakh as against 76.55 lakh during the corresponding period of the previous year, thereby registering a growth of 25.13 per cent," said a statement from the Directorate General of Civil Aviation (DGCA).
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SpiceJet hit by demonetisation, profit crashes 24percent
SpiceJet, a low-cost carrier, recorded a 24 per cent decline in net profit, at Rs 181.1 crore, in the quarter-ended December, from Rs 239.9 crore in the year-ago period. The airline attributed the performance due to subdued demand due to demonetisation.
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GMR Infra posts Rs 382 crore Q3 loss
GMR Infrastructure has reported a standalone net loss of Rs 381.93 crore for the quarter ended December 2016. The company posted a net profit of Rs 40.01 crore in the corresponding quarter of the 2015-16, it said in a BSE filing.
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GMR Hyderabad Airport bags CAPA award
GMR Hyderabad International Airport, which operates the Rajiv Gandhi International Airport, has won the Centre for Asia Pacific Aviation (CAPA) ChairmanĂâs Order of Merit for its focus on environmental sustainability and becoming the first airport in the Asia-Pacific region to become carbon neutral.
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Domestic air traffic to grow to 130 million in FY18 | CAPA
Domestic air traffic is expected to grow 25 per cent and cross 130 million in financial year 2017-18, but airlines will see bigger risks to profitability because of rising costs and yield pressures, aviation consultancy CAPA has said in its India outlook which it released recently.
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AirAsia India to commence international operations by mid-2018
AirAsia India is likely to commence international operations from the second half of the next calendar year, as it is expected to possess a fleet of 20 aircraft by mid-2018.