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Aviation sector not satisfied with budget 2013-14

Aviation sector not satisfied with budget 2013-14

CII's National Committee on Civil Aviation expressed dissatisfaction over the Union Budget 2013-14 as it feels that the budget has not done enough to boost the aviation sector. Even as it welcomed the the concessions granted to the MRO (Maintenance, Repair and Overhaul) sector, it noted that MRO industry is "small right now taking the aircraft population into account

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Govt allows IndiGo to import aircraft

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

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

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AI to spin off MRO

AI to spin off MRO

National carrier Air India (AI) plans to spin off maintenance, repair and overhaul (MRO) engineering operations by April to earn about Rs 3,000 crore annually through the engineering division.