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.
Category: Aviation & Airports
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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
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India allows lessors to repossess Kingfisher planes
Kingfisher's 15 planes have been deregistered by the Indian civil aviation regulator DGCA paving the way for global leasing companies to take them back and easing worries that the dispute might hurt purchases by other Indian carriers. The move comes a day after officials from German bank DVB, one of the largest global aviation financing banks, met DGCA chief Arun Mishra to press for deregistration of the two aircraft.
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Trichy airport makes profit, AAI denies privatisation
The profit-making Tiruchirappalli/Trichy airport should be provided all its needs, to make it truly international, GK Chaukiyal, member (operations) of Airports Authority of India, said on March 27. Chaukiyal said the AAI was controlling around 125 airports in the country and only 10 or 12 are making profits. However, Chaukiyal denied the Trichy airport was one of the 11 airports listed for privatisation.
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Trichy airport makes profit, AAI denies privatisation
The profit-making Tiruchirappalli/Trichy airport should be provided all its needs, to make it truly international, GK Chaukiyal, member (operations) of Airports Authority of India, said on March 27. Chaukiyal said the AAI was controlling around 125 airports in the country and only 10 or 12 are making profits. However, Chaukiyal denied the Trichy airport was one of the 11 airports listed for privatisation.
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AAI to convert terminals in 24 airports into cargo ones
In India's 24 airports, redundant passenger terminals will be converted into cargo terminals by the Airports Authority of India. Inaugurating the air cargo complex at the Mangalore airport last week, the Union Civil Aviation Minister Ajit Singh said AAI has 24 airports in the country that will be used for domestic cargo operations.
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AI calls for bids to rent out 8 floors of Mumbai building
Air India is once again putting up some floors of its iconic sea-facing Mumbai headquarters building in Nariman Point for rent. After the dull response to its first attempt at leasing 12 of the 23 floors (1,59,000 sq. ft) in its building in October last year, the debt-laden national carrier has now invited fresh bids, the second time in the last five months.
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Police security strengthened at Mumbai’s Juhu airport
Security at Mumbai's Juhu airport finally got some boost after the local police sanctioned around 30 police personnel to guard the perimeter area. The airport has been battling severe security issues for the last few years with neighbouring slums spilling into the operations area.