The Union government has earmarked more than Rs 33,000 crore for acquiring aircraft and aero-engines from the Rs 86,000 crore modernisation budget for the forces. The Indian defence forces are planning to finalise major deals such as the one for 126 Rafale combat aircraft.
Category: Aviation & Airports
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Rajasthan’s Neemrana may get a new airport
Rajasthan's Neemrana is going to have a new airport. The Union government is planning to set up the airport city near Neemrana, bang in between Delhi and Jaipur, a move that's likely to spur real estate and infrastructure development in the region. Over the last few years, Gurgaon has been expanding in the direction of Neemrana, with areas like Manesar already becoming hubs of industrial and housing activity.
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IndiGo launches 8 new flights from March
Low cost carrier IndiGo has launched eight new flights on its domestic network from March 1. The carrier will now operate its fifth daily and direct flight between Delhi and Chennai and second daily and direct flight between Delhi and Kochi. Additionally, the airline will operate its fourth daily and direct flight between Mumbai and Chennai and fourth daily and direct flight between Mumbai and Kolkata.
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Air India to up its flight services in regional routes
Now, Air India wants to expand its presence on regional routes after SpieceJet. SpiceJet's success in tier-II and III markets has propelled the State-run carrier to the move. It will shortly invite bids to replace its fleet of 11 ATR-42s and Bombardier CRJ planes with newer fuel-efficient turbo prop planes to improve its operating result.
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India’s no-frill carriers plan buying smaller aircraft
India's no-frill carriers have started thinking of buying smaller aircraft with IndiGo even evaluating launching a regional subsidiary. The move follows the government focusing more on improving regional connectivity, a leading aviation consultancy firm has said. IndiGo is also evaluating the possibility of placing an ATR (turboprop aircraft) order to establish a regional subsidiary, the Centre for Asia Pacific Aviation (CAPA) said in a latest report.
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Govt to infuse Rs 5,000 cr equity into AI
The government on February 28 announced Rs 5,000 crore additional equity infusion for debt-ridden national carrier Air India in the next fiscal as part of its turn around plan. Rs 5,000 crore (has been marked) for equity infusion in National Aviation Company of India (now Air India), according to Budget documents.
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Air India’s performance has improved: Economic Survey
With a positive cash flow, Air India is likely to come out of its precarious financial position in this financial year as its performance has improved considerably. It is expected that the company will achieve positive EBIDTA (earnings before income, taxes, depreciation and amoritization) in the results for the Financial Year 2012-13, the government's key economic document, tabled in Parliament, said on February 27.
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Air India ups efforts to raise money for its turn around
Apart from leasing its headquarters building in Mumbai, cash-strapped Air India has identified some more properties to monitise them in order to raise Rs 5,000 crore as part of its turn around and financial restructuring plan, Civil Aviation Minister Ajit Singh said on February 27. Air India has identified land at Chennai, Coimbatore and Kolkata, residential plot at DLF Phase-III Gurgaon, a residential apartment in Kolkata and four unoccupied flats in Mumbai, Singh said this in the Lok Sabha.
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IGI airport in Delhi wins International safety award
The IGI airport in Delhi, operated by Delhi International Airport (DIAL), has become the first Indian facility to bag the 'International Safety Award' from British Safety Council. This makes Indira Gandhi International airport (IGI), as the first and the only airport in India to win this prestigious award in field of health and safety.
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Plea to increase AI flights for Leh at reduced fare
Minister for Urban Development and Urban Local Bodies, Nawang Rigzin Jora, on February 28 urged upon the Centre to increase frequency of Air India Flights to at least one flight per day on Delhi-Leh sector besides pushing private aviation companies like spice jet or indigo to operate on this route in the backdrop of closure of Kingfisher Airline.