In the face of financial woes creeping across its airline sector, Airbus is sticking to upbeat forecasts for aircraft demand in India. The European planemaker recently said in Singapore that there is a lot of growth. The Indian aviation industry lost a combined $2 billion last year and all but unlisted IndiGo - an Airbus customer - lost money, complaining of high taxes on jet fuel, expensive airports and subsidies to state carrier Air India.
Category: Aviation & Airports
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ANA intends to be next gateway carrier for India
Now Japan's All Nippon Airways (ANA), which has declared its ambition of becoming the next gateway carrier for India, is aiming to scoop up US-bound passengers and taking them to their destinations via its transit hub in Tokyo. In the near future, All Nippon Airways (ANA) not only plans to add a couple more Indian cities to its network, but also quadruple capacity to Mumbai, where it has daily flights.
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Govt withdraws Kingfisher’s overseas traffic rights
The Union government has withdrawn traffic rights allocated to Kingfisher Airlines under bilateral aviation pacts with other countries with immediate effect. The ministry has also cancelled the domestic slots allocated to the airline under these slots, Aviation Minister Ajit Singh said on February 25.
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Cochin airport’s cargo volume up by 5%
Cochin International Airport's focus on non-perishable goods helped it to register a five per cent increase in the volume of cargo handled during the first nine months of the current fiscal. From April to December 2012, the airport handled 34,305 tonne of cargo, against 32,950 tonne in the same period a year ago.
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‘Asia-Pacific to lead demand for bigger, efficient planes’
According to latest forecast by Europe-based aircraft manufacturer Airbus, airliners from Asia Pacific region will surpass Europe and North America and lead the global demand for larger and more fuel efficient planes in the next 20 years. The companies are expected to take delivery of around 9,870 new passenger and cargo aircraft, including 3,840 widebody ones, valued at $1.6 trillion, it said, insisting the Asia-Pacific market is 'where the action will be' during the period.
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Kerala to benefit from air fare price war
Kerala would likely to be able to reap benefits from the ongoing price war between low-cost aviation companies. The newly proposed joint venture between AirAsia and Tata Group that would commence operations late this year would have destinations in the state in its itinerary.
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Govt receives 15 bids for Kushinagar airport project
The central government, which plans to build an international airport at Kushinagar, in eastern Uttar Pradesh, under the public-private partnership (PPP) model at an estimated cost of Rs 354 crore, received
15 technical bids. The department of economic affairs, union ministry of finance, has given inprinciple approval for viability gap fundi
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FIPB to consider AirAsia’s JV plan on 6 March
The foreign investment promotion board (FIPB) headed by economic affairs secretary Arvind Mayaram would consider on March 6 the investment plan of MalaysiaĂâs AirAsia in a proposed joint venture with Tata Group for launching airline operation. AirAsia has applied to FIPB to take 49 percent in a ventu
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Govt allows IndiGo to import aircraft
The Government has approved the proposal of the Delhi-based low cost airline, IndiGo to import 11 aircraft. Sources indicated that IndiGo has been given a No Objection Certificate to import 11 Airbus A-320 aircraft. The import of aircraft is first approved by the Aircraft Acquisition Committee (ACC) in the Ministry of Civil Aviation first after which the proposal is cleared by the approving authority, the Minister for Civil Aviation before actual import is allowed.
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AirAsia expects to start JV operation by 4th quarter
By the fourth quarter of 2013, AirAsia expects to start operation of its proposed low-cost airline in a joint venture with Tata Group and Arun Bhatia of Telestra Tradeplace. As soon as the joint venture receives approval from the sectoral regulator, it would launch operation, AirAsia's founder and group CEO Tony Fernandes said