Airlines
In a recent meeting between the Directorate General of Civil Aviation (DGCA) and officials from Kingfisher Airlines and Air India Express, the regulator emphasized the importance of addressing safety concerns in a time-bound manner. The DGCA sought explanations from the airlines on safety issues highlighted in its internal report, while
Airlines
Air India's board has approved a financial restructuring plan, which involves issuing preference shares worth Rs 7,500 crore to lenders as part of the plan. The airline expects to receive a one-time upfront equity infusion of Rs 6,600 crore, which will help clear outstanding vendor dues
Airlines
Air India's board of directors has approved a financial restructuring plan, which includes the issuance of preference shares worth Rs 7,500 crore to a consortium of 26 banks led by the State Bank of India (SBI). This move aims to alleviate the airline's cash-strapped situation
Airlines
The Reserve Bank of India (RBI) has reportedly approved state-owned Air India Ltd's financial restructuring plan, which includes a debt recast of Rs. 20,000 crore and the sale and lease back of 14 Dreamliner aircraft. The plan aims to keep the aircraft off the airline's
Airlines
Mumbai, India's National Aviation Company of India Limited (Nacil) is reportedly planning to eliminate the deployment of foreign pilots for its B-777 aircraft and decommission the Airbus 320 fleet, which is over 15 years old. The proposal aims to address the concerns of pilots and resolve issues related
Airlines
The Public Accounts Committee (PAC) of India's apex parliamentary body has initiated an investigation into Air India's massive debt build-up, focusing on the $11 billion deal to purchase Boeing and Airbus commercial passenger aircraft. The committee has sought replies from the ministry of civil aviation regarding
Airlines
The merger between Air India and Indian Airlines is creating waves, particularly in the domain of pilot training. The recently formed entity, Air India, has sent 30 pilots for training on simulators in Singapore, sparking controversy among members of the Indian Pilots Guild (IPG), a union representing erstwhile Air India
Airlines
A disturbing incident of near-collision involving three aircraft at the Chennai International Airport on Saturday morning, March 18, highlights the fragility of airport operations. A Jet Airways flight, carrying 120 passengers, was destined to take off from Runway 25 at 8:40 am but was forced to abort due to
Airlines
State-run refiners Indian Oil Corp, Hindustan Petroleum, and Bharat Petroleum are facing mounting losses from the sale of diesel and cooking fuel, threatening to ruin their finances and impose a heavy subsidy burden on ONGC. The three companies reported a combined loss of ₹9,360 crore in the first quarter
Airlines
A passenger aircraft with 105 people on board narrowly escaped a major disaster when the front nose wheel tyres of the Air India flight burst on landing at the Goa airport on Tuesday morning. The Airbus 320 flight, AI 937 from Kuwait, was scheduled to land at the Goa airport
Airlines
Mumbai's Chhatrapati Shivaji Maharaj International Airport has faced a series of aircraft landing mishaps in the last six years, with three planes skidding off the runway and getting stuck in slushy ground. The most recent incident involves a Turkish Airlines Airbus A340-300, a fly-by-wire aircraft that is notoriously
Airlines
Continuous heavy rain and emergency landings have caused chaos at Mumbai airport, resulting in serial delays and cancellations of international and domestic flights. The main runway was closed after a Turkish Airlines plane got stuck in the mud, and despite efforts to make it operational by 5pm Saturday, the heavy
