Deepinder Goyal said LAT Aerospace is a startup focused on building planes for regional aviation and "has not bought any private jet." He added that the company is not in the business of buying planes.
Apart from expenditure on research and development, the company plans to expand its manufacturing presence in the aerospace supply chain through greenfield expansion or acquisition
If supply-chain disruptions escalates in the next few months, Indian MRO companies will struggle to carry out heavy maintenance and redelivery checks for domestic airlines.
The company has diversified from aerospace manufacturing into consumer products such as toys, cookware, and electrical components.
Chennai-based startup Waterfly Technologies’ Wing-in-Ground (WIG) craft, also known as seagliders, offer a zero-carbon, high-speed alternative
Akasa Air is not looking at leasing planes now, says Dube. They come with a higher cost structure, and do not come with sale and lease-back gains, he explains. At this time, we are not pursuing the introduction of Wi-Fi, or a dual class configuration, he says.
In 2023, India had the second-largest order volume for aircraft behind the US
The flight had just landed when one of the rear tyres burst, Chennai airport authorities said.
The court also asked the airline to file an affidavit listing out its assets and posted the execution petition for further hearing on November 13.
An Air India Express flight makes precautionary landing but it is yet to be confirmed if the metal fragments were from the aircraft. A probe is on
The Bhartiya Vayuyan Vidheyak 2024 was earlier introduced as the Draft Aircraft Bill, 2023 for public consultation by the government.
In the budget for FY25, the government has earmarked Rs 502 crore for the scheme, down from Rs 1,244.07 crore (BE FY24) and a revised estimate of Rs 850 crore.
The ruling National Democratic Alliance, has in the past, expressed its aspiration to develop India as a manufacturing base for passenger aircraft, promising to revamp legislation and reduce compliance burden for small businesses and traders, including those related to the goods and services tax.
The unrest among aviation workers risks thwarting India’s air travel boom. Pilots and aircraft engineers are crucial to support the country’s rapid fleet expansion after IndiGo, Air India and Akasa placed orders for more than 1,100 aircraft combined.
Air India Express will take delivery of three new aircraft every month and one additional aircraft every other month in 2024, Singh tells Moneycontrol.
Akasa Air will take delivery of 51 more Boeing 737 MAX 8-200 and two more Boeing 737 MAX 8 planes as part of its initial order for 75 planes by mid-2027, Dube tells Moneycontrol.
A startup Elysian Aircraft BV deserves credit for kicking the tires on some widely held views about electric aviation. The duopoly of Airbus and Boeing have made only fitful attempts to develop such vehicles
Boeing has installed another layer of quality check in place to ensure that all future planes meet the highest quality standards, said Darren Hulst, vice president for commercial marketing at the company
Geopolitical factors, the upcoming general election and any potential impact of COVID variants on travel will be key factors to watch out for in the New Year
IndiGo expects 30 to 40 aircraft being grounded in the January-March 2024 quarter because of the powder metal issue on its Pratt & Whitney powered fleet
IndiGo currently operates 176 A320neo as part of its fleet of 334 aircraft and currently has over 40 aircraft grounded due to P&W engine issues.
While IndiGo did not quantify how many aircraft it expects to be grounded after January 2024, CEO Pieter Elbers added that IndiGo is confident of meeting its guidance of 15-19% fleet expansion in 2023-24 compared to a year ago
SpiceJet has also launched a festive sale offering a flat 10 percent discount on flight tickets on October 31.
The sale process was put on hold in November 2022 owing to a deadlock in the monitoring committee comprising representatives of the financial creditors, the successful resolution applicant (Jalan Kalrock Consortium) and the resolution professional
The new Air India CEO also thanked Air India's risk monitoring and fraud prevention unit adding that the team has prevented revenue loss of over Rs 3 crore in the last 18 months