The deal will be executed via Horizon Aero Solutions Ltd, a joint venture equally held by Adani Defence & Aerospace and Prime Aero. Adani Defence & Aerospace, the defence and aerospace arm of the $32.5 billion Adani Group, has signed a binding agreement to acquire a 100 per cent stake in Indamer Technics Pvt. Ltd...
Tag: aviation
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Indian aviation sector to witness investments worth Rs 1.65 lakh cr
Govt to build 200 airports in India, with 67 airports in 8 years
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Indian aviation sector to witness investments worth Rs 1.65 lakh cr
Govt to build 200 airports in India, with 67 airports in 8 years
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New Tiruchi International Airport to be completed by June 2023
So far, over 70% of the terminal building work has been achieved
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Indian airline industry calls for rationalisation of jet fuel taxes
The price of jet fuel in the national capital was increased by 18.32% Domestic airlines in India have called for rationalisation of jet fuel taxes, in a move to combat the spike in fuel prices. High crude oil prices prompted Oil Marketing Companies (OMCs) to raise Aviation turbine fuel (ATF) prices to over Rs 1...
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India rises two spots, is 4th largest aviation market now
India's record breaking aviation growth continues unabated. The International Air Transport Association (IATA) has said that the country saw the fourth highest number of passengers taking off in 2016, up two places from the previous year, overtaking the UK and Brazil.
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GMRÂ’s airport SEZ plea turned down
A proposal by the GMR Group for converting an aviation SEZ into a multi-product SEZ has been rejected by the Expert Appraisal Committee (EAC) under the Union Ministry of Environment, Forests and Climate Change
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Our carriers are comparatively inefficient and not aggressive
The new aviation policy has brought in a lot of forward-looking changes to boost the slumping aviation industry; these changes have been made to make the industry more dynamic and lucrative for all the players and to level the playing field. One of the major changes which have been welcomed by the smaller airlines is that, prior to the policy change, an airline needed to have 20 planes and five years of local operations to fly overseas.
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Recovery from demonetisation is a foregone conclusion
There is definitely going be a short-term impact of demonetisation on the industry. The November 2016 sales of two-wheelers, four-wheelers and the automotive industry in general has taken a beating.
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Aviation market clocks 25% growth in passenger traffic
India´s aviation sector is soaring high, with the month-on-month passenger growth for the month of July hitting a record 25 per cent. The total number of passengers carried by domestic airlines during the January to July 2016 period was 560.87 lakh versus 455.95 lakh during the corresponding period of previous year, thereby registering a growth of 23.01 per cent, says the latest data released by DGCA.