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.
The likely pact will look at harnessing Bombardier’s expertise to elevate MRO standards in general aviation, the report added
The airline has delayed Q4FY22 and full-year FY22 results citing a ransomware attack so the latest financials are not known. But in the third quarter—the best post-COVID lockdown—the airline clocked a revenue of Rs 2,259 crore.
MMRDA says two metro lines to start operations soon. Alstom said that cancelling the coach order for Mumbai Metro 4 will not have an impact on its ongoing and future projects.
Bombardier said it will continue to support the Learjet fleet, and existing jets will fly for many more years.
Railways invited proposals from companies earlier in July to run 151 modern passenger trains on 109 pairs of routes across the country.
"Now with business jet deliveries, industry-wide, forecasted to be down approximately 30 percent year-over-year due to the pandemic, Bombardier must adjust its operations and workforce to ensure that it emerges from the current crisis on solid footing," the company said in a statement.
Quebec pension giant Caisse de dépôt et placement, which owns a 32.5% stake in Bombardier's train unit, has agreed to sell its stake to Alstom and buy a minority stake in the combined train company, the report added.
Bombardier has been selling some of its businesses and recently combined its aviation units to focus more on profitable business jets and passenger rail cars.
Three of these planes will join the fleet in the next ten days while the remaining two will be inducted by June, SpiceJet said in a statement.
The struggling group is one of the biggest employers in Northern Ireland, with a large base in Belfast where it produces the wings for its C-Series aircraft.
The Canadian plane and train maker said it would only be able to meet its 2018 free cash flow estimate by using $635 million in proceeds from the sale of a Toronto plant earlier this year.
Input tax credit has piled up for these companies because most feeder products are taxed at 18-28% under the GST, while railway locomotives fall under the 5% tax bracket
SpiceJet, which has drawn up ambitious expansion plans, has signed a letter of intent with Bombardier Commercial Aircraft to buy up to 50 Q400 turboprop aircraft.
A new entrant, Zoom Air, in the aviation space will spread its wings and start its commercial operations from February 15, reports Hindu Businessline. This 10th player will focus on regional connectivity and give people belonging to tier II and III cities the opportunity to travel as per a time convenient for them.
Canada-based passenger trains maker Bombardier is planning to develop India as the exports hub for its products and solutions to cater to Europe, South America and the Middle East markets.
Bombardier Commercial Aircraft and Tech Mahindra have signed an agreement under which Tech Mahindra will develop the Aircraft Ground Support Systems (AGSS) for Bombardier's Aircraft Health Management Systems (AHMS) for the C series family of aircraft.
Minister of State for Defence Rao Inderjeet Singh also held a series of meetings with the companies present in the defence sector, including Dassault, from which India has decided to purchase 36 Rafale fighter jets.
Profit was boosted by exceptional gain of Rs 61.35 crore due to insurance claims received for one of its damaged Bombardier Q400 aircraft. However, the airline company‘s total income plunged 50 percent.
The low-budget airline company‘s total income plunged 50 percent. The airline ended the quarter with a load factor of 81 percent.
In March, Indian courts had ordered India's aviation regulator to deregister 11 of SpiceJet's Boeing planes following disputes with three lessors.
With such expansion of metro services, the demand for rolling stock is set to increase and keeping this in view, government is encouraging production of metro coaches in the country.
Inaugurating the Hannover Messe, a business fair, with German Chancellor Angela Merkel, the Prime Minister said India is working on a "predictable and transparent" environment to open up investments.
"SpiceJet has paid a part payment of Rs 25 crore to the Airports Authority of India towards the dues it had accumulated due to the cash crunch last year," sources told Media here on Wednesday. The AAI received the part payment of around Rs 300 crore dues yesterday, they said.
As it embarks on a revival path, budget carrier SpiceJet plans to lease seven more Boeing 737 aircraft by May while another Rs 500 crore is expected to be infused by its new owner Ajay Singh next month.