Jet Airways is to increase capacity on international routes and induct two Boeing 777s this year. The airline, which earns about 55 per cent of revenue from international operations, has leased five Boeing 777s to Thai Airways; the lease term would end this year.
Category: Aviation & Airports
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AI’s weekly 3 flights between Blore-Tirupati from Apr 1
To meet the holiday season rush of passengers between Bangalore and Tirupati, Air India will be launching new thrice-weekly flights from April 1 through its subsidiary Alliance Air.
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Land required for Tiruchi Airport expansion: AAI
Member (Operations), Airports Authority of India (AAI) GK Chaukiyal has said in Tiruchirapalli on March 27 that the next phase of expansion of the Tiruchi Airport would begin as soon as the required lands are made available by the Tamil Nadu State government. Proposals for the construction of an additional terminal building, to double the passenger handling capacity from the current 400, and a new control tower are under the active consideration of AAI, he said.
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AAI may form JV firm for aviation fuel handling
For aviation fuel handling in India, in the wake of governmentÂ’s decision to allow direct import of aviation fuel by Indian carriers, Airports Authority of India (AAI) will explore setting up of a Joint Venture (JV) company. Apart from AAI, stakeholders in the proposed JV company will be the three public sector oil companies, private oil companies like Reliance Industries, Essar Oil, and airline companies in the country.
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KPMG works on revenue model for Mopa airport
Reports indicate that KPMG, the financial consultant for the proposed international airport at Mopa in Goa, is working on the revenue model for the airport. The state government plans to implement the project on the public-private-partnership (PPP) model and it set up a special PPP cell for the purpose of handing such PPP projects
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Brand matters for AirAsia in India
Aviation experts suggest that AirAsia, in tie-up with Tata group, utilise the brand reputation of the top Indian business organisation. Apart from its international success, AirAsia is going for its tie up with the Tatas in India. Jagdeep Kapoor, Chairman & Managing Director, Samsika Marketing Consultants, suggests using this tie-up in the company's identity building.
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Etihad, Jet tie up for wet lease
India's second largest airline by market share, Jet Airways has leased a wide body aircraft along with 60 of its cabin crew to Abu Dhabi based Etihad Airways, a move that indicates a burgeoning partnership, even before the two airlines ink an equity stake sale. In aviation terms, a wet lease of an aircraft is an arrangement whereby the lessor, in this instance Jet, provides crew, maintenance and aircraft for a consideration.
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AirAsia-Tata JV gets Indian govt’s nod
The Union government on March 26 stated that it had cleared Malaysian budget carrier AirAsiaÂ’s proposal to start a passenger airline in India in partnership with the Tata Group, with an investment of Rs 81 crore. The proposal was cleared by the Foreign Investment Promotion Board (FIPB).
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India to be 3rd largest aviation market by 2020: Govt
The Union Minister for Civil Aviation Ajit Singh said that India would be the third largest aviation market by 2020. The Minister was addressing senior representatives of the aviation industry in Delhi on the occasion of Aviation Day on March 26. India's airports would be handling 336 million domestic and 85 million international passengers with projected investment to the tune of US$ 120 billion by 2020.
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Chennai is eagerly awaiting AirAsia’s landing
AirAsia's India entry with Chennai as its hub of operations has brought cheer to stakeholders. There is great hope of a positive growth trajectory for the various service sectors that have mushroomed around the industry. This is apart from additional revenue that the Airport Authority of India (AAI) might get. On March 26, the Foreign Investment Promotion Board (FIPB) of the Finance Ministry cleared the proposal of Malaysian low-cost carrier AirAsia and TataÂ’s joint venture for a passenger airli