India is likely to become the third largest aviation market in the world displacing the UK by 2026, according to a forecast by global airlines grouping International Air Transport Association today. Besides, the IATA expects India's air passenger traffic to grow to 378 million passengers by 2034 with 275 new passengers likely to be added during this period. Globally, the IATA projec...
Indian budget carrier SpiceJet Ltd. has surged more than 340 per cent in the past year after surviving a crisis. Chairman Ajay Singh said the best performing airline stock in the world remains undervalued. SpiceJet’s market capitalisation of about 41 billion rupees ($621 million; Dh2.3 billion ) is too low given the $5.7 billion valuation for the operator of IndiGo, India’s biggest...
The Competition Commission of India (CCI) has found three local carriers guilty of colluding to artificially manipulate fuel Surcharge (FSC) fees relating to cargo and freight. The motion was brought on by a complaint filed by the Express Industry Council of India. The CCI said in a statement that Jet Airways (India) Ltd. had been fined 1.5 billion rupees (US$22.69 million), IndiGo Ai...
Jet Airways (9W, Mumbai Int'l) will close its Brussels National scissors hub in late March of next year citing its unprofitability Belgium's Standaard newspaper has said. The report says the airline has already informed its thirty-three Brussels based staff (twenty-five Belgians and eight Indians) of the decision. Established in 2007, Jet Airways uses Brussels to connect Delhi Int&...
Air India has mopped up 7,000 crore rupees by selling nine of its 21 Dreamliner aircraft to a Singaporean lessor, which it has taken back on lease from the company under an SLB (sale and lease back) arrangement. A major chunk of these funds will go into repayment of the bridge loan availed earlier for purchasing these Boeing 787-800s, airline sources said. Under an SLB arrange...
Emboldened by a quick turnaround in fortunes under its new promoters, budget airline SpiceJet has initiated talks with aircraft manufacturers to place orders for at least 150 planes, said Ajay Singh, chairman of India's fourth largest carrier. "It will be a significant sized order. And it will be placed soon," Singh told ETin an interview recently. SpiceJet is in talks to...
A UAE-bound Air India plane slid off the runway at Kozhikode's Karipur International Airport in Kerala, on Monday, reports said. A huge tragedy was averted after the plane skidded off the runway, which is under maintenance, Manorama Online reported. All the passengers and crew members are reportedly safe. The incident took place just before the Sharjah-bound flight took off Karipur...
An award to two consortia to design, construct, finance, develop, operate and maintain FBOs at Delhi Indira Gandhi International Airport for 20 years and upgrade the present facility in phases is being called a monopolistic move by the general aviation industry. Airport management company Delhi International Airport Ltd. (Dial) would not comment about the award. Following two earlier...
Aviation regulator DGCA has now allowed domestic carriers to roll out "zero bag" fares and charge penalty against check-in baggage for tickets booked under such an offer. At present all domestic private airlines except national carrier Air India allow a flyer to carry up to 15 kgs of check-in baggage without any cost. Air India allows its passengers to carry up to 23 kgs of ch...
Boeing and Tata Advanced Systems have announced a joint venture to produce aerostructures for the AH-64 Apache attack helicopter in India. The joint venture will also compete for additional work on other Boeing plaftorms, says Boeing. “This partnership will capitalise on India’s industrial capability, innovation and talent to contribute to Boeing’s long-term competitiveness...
India's Jet Airways has been identified as the customer behind a previously unattributed order for Boeing 737 Max 8s. Boeing says the deal with Jet, announced at the Dubai air show, comprises conversions of 25 Next-Generation 737s to the re-engined variant plus options and purchase rights spanning an additional 50 Max 8s. Jet will be the first Indian airline to take delivery of...
GoAir, the leading Indian low-cost carrier based in Mumbai, has substantially expanded its business relationship with Lufthansa Technik. In April 2014 GoAir had already signed an initial Total Engine Support TES® contract, covering a total of 16 CFM56-5B engine overhaul events. The airline has now extended the contract by additional 18 engine overhaul events to acc...
