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India aviation news

Cabinet Clears Proposal to Buy Military Helicopters from Boeing

India will buy military helicopters from the US costing about $3 billion after the cabinet committee on security (CCS) cleared the plan on Tuesday. The proposal to buy Boeing Co.-manufactured 22 Apache attack and 15 Chinook heavy-lift helicopters comes days ahead of Prime Minister Narendra Modi's visit to the US. The deal has been under negotiations for past couple of years, said a senio...

Govt to do away with 5/20 aviation rule that restricts airlines to fly abroad

Government is likely to do away with the 5/20 aviation rule that restricts airlines to fly abroad before it has flown domestic flight paths for five years and has a fleet of 20 aircraft, an ET report has said. Official known to the matter, has said that scrapping of 5/20 rule is final, however, some consultation is still needed.  As per these norms, an air carrier cannot fly o...

Airlines Fly High on Low Fuel Prices, Travel Growth

There is some oxygen for the choking Indian airline industry. Two positive factors -- domestic air travel growing at almost 30% and sharp fall in jet fuel prices -- are bringing the industry back from the brink, at a time when some players were staring at emergency exits. India's only profitable airline IndiGo reported on Thursday its highest ever net profit of Rs 1,304 crore for...