Add to that the structural challenge of low yields and high taxes
On Sunday, the prime minister met a young innovator Amol Yadav. A pilot by profession, he had taken up the initiative of manufacturing of small aircrafts in India.
At present Indigo, Goair, Air India and Vistara operate the Neo-engine powered A320 planes.
Of the 14 aircraft, eight are wide-body planes generally used for long-haul international operations, the source said.
How long does love for aeroplanes last in people's lives? Irishman Michael Kelly, 67, has made sure that it lives forever. Kelly has donated his lifetime collection of over two thousand model aircraft, touted as the world's largest in the world. Here's a look at some of the planes from his coveted collection:
"The Ghatkopar incident should be considered as a warning for an impending danger. Mumbai's geography, rising population, cramped and tall buildings needed to be studied with respect to movement of aircraft and their security." Sena mouthpiece 'Saamana' warned.
"The US is a leader in the aviation space and we will be very happy to collaborate with them to locally manufacture civil and defence aircraft," Prabbu told the sixth Indo-US aviation summit here.
The aviation regulator's move has resulted in flight cancellations by IndiGo and GoAir as the two airlines have grounded 11 A320 neo aircraft following the directive. Against this backdrop, Prabhu said it is DGCA's prerogative and that safety is paramount.
At current exchange rate, the deal is worth more than Rs 81,000 crore and is one of the biggest in the aviation sector.
China had launched its second aircraft carrier in April 2017 after it commissioned the first carrier the Liaoning, a re-fitted Soviet Union-made vessel in 2012.
Eight people were rescued about 40 minutes after the crash of the C-2 "Greyhound" transport aircraft yesterday, the Navy said. They were taken aboard the USS Ronald Reagan aircraft carrier and were in good condition.
The deal is expected to be officially announced later today at the Dubai Air Show, they added. The aviation giant is expected to hold a press conference around 1000 GMT.
The decision comes ahead of Secretary of State Rex Tillerson's visit to India. A formal date of the visit has not been announced yet.
The International Air Transport Association (IATA) said India tops the growth chart in the first half of this year. As per the data, India's domestic air traffic growth rose 20.3 per cent in June, the highest among major markets. The demand is measured in terms of total revenue passenger kilometres or RPKs.
The airline has also added an additional flight on Bengaluru–Bhubaneshwar and Kolkata–Bhubaneshwar routes, a release today said.
India is one of the world's fastest-growing aviation markets with domestic passenger traffic growing at more than 20 percent a year over the last few years.
Local companies will be chosen as strategic partners that can combine with foreign firms to manufacture single-engine fighter aircraft, helicopters, submarines and armoured vehicles, according to the document.
This is the highest number of flights operated by an Indian airline on a single day. Aditya Ghosh, enthused by the news, is gunning for 1000 flights for the airline soon.
India is keen to buy MiG-29 fighter jets from Malaysia and upgrade them for use by its air force, Prime Minister Najib Razak has said.
The experts generally keep a positive on the stock, but remain slightly cautious since it has rallied 38 percent in March alone.
The government-owned Air India is looking to raise short-term loans worth over Rs 3,000 crore to partly fund acquisition of four Boeing 787 planes.
It has been made by the Aircraft Accident Investigation Bureau (AAIB) while submitting its report on an emergency landing incident of a SpiceJet aircraft last year.
"We cut approximately USD 600 million off the F-35 fighter, and that only amounts to 90 planes out of close to 3,000 planes," Trump told reporters during a executive order signing ceremony at the White House.
"The cabin of the A330 is more complicated than the single-aisle aircraft due to the massive workload and difficulty," said Francois Mery,COO with Airbus Commercial Aircraft China, adding that the completion and delivery center will be responsible for cabin installation, painting and flight tests of the A330.