Airlines
The civil aviation ministry has explained to the Comptroller Auditor General (CAG) that the decision to purchase 111 aircraft in 2005 was made with the consent of the Prime Minister's Office and the Empowered Group of Ministers (EGoM), which was headed by then finance minister P. Chidambaram. The
Airlines
Around 3,000 Indians are expected to be evacuated from Libya in the next few days as part of the Indian government's multi-pronged Operation Safe Homecoming. The second batch of 68 Indian nationals landed in Mumbai from strife-torn Libya on Monday, while another 600 were arriving on two
Airlines
ONGC has retained the top spot on the list of 10 profit-making PSUs, with a net profit of Rs 16,785 crore. Meanwhile, Air India led the list of worst performers, incurring massive losses of Rs 5,614.29 crore. The Public Enterprises Survey revealed that Indian Oil Corporation moved
Airlines
Anand Mahindra, vice chairman and managing director of Mahindra and Mahindra (M&M), has offered to resign as an independent director from Air India's board. The move comes after the Aero-India show, where Mahindra announced plans to invest in aircraft component manufacturing. The company's involvement
Airlines
The Indian domestic airline sector has begun to show signs of recovery, with companies witnessing a rise in profits for the first time in three years. However, the industry is still burdened with a collective debt of over `60,000 crore. To address these concerns, the sector has presented a
Airlines
Boeing has taken a significant step forward in its aviation industry dominance by unveiling its new 747-8 Intercontinental jet. This latest addition to the 747 family boasts several cutting-edge features that are expected to revolutionize the airline industry. The new plane, which has a seating capacity of 467 passengers, is
Airlines
The Air India board of directors made significant decisions at its recent meeting, including refinancing a $1.15 billion loan taken to purchase Airbus A320 aircraft and approving the disposal of four aging Airbus 310 passenger aircraft. The carrier also plans to renovate its fleet by acquiring 30 acres of
Airlines
Air India's Board of Directors has greenlit the purchase of 21 Airbus 320 family aircraft, backed by a loan refinancing agreement with ICICI Bank for Rs 5,500-crore, as well as other financing arrangements for Boeing 777-300ERs and spare engines. This move is part of the airline'
Airlines
Heavy snowfall has led to flight disruptions, with New York, Newark, and Boston airports shutting down for several hours. The unusual weather has forced travelers to seek alternative routes, with many opting for US-bound flights via Dubai and Singapore. Airlines, including Continental, Air India, and Jet Airways, have been affected,
Airlines
Air India managed to fly back passengers of two of its aircraft, which were stranded in the US since December 26, amidst difficult conditions caused by snow blizzards on the US East Coast. Despite severe shortages of airport personnel and equipment covered in snow, the airline successfully mitigated the situation
Airlines
Air India and Jet Airways will be leasing 35 planes from European aircraft manufacturing major Airbus, with the deal valued at $5 billion. State carrier Air India has decided to rent 10 A330 planes and 15 A320s, while Jet Airways has approved the lease of 10 A330s. The 25 planes
Airlines
Indian and French leaders have signed agreements worth nearly $20 billion during French President Nicolas Sarkozy's four-day visit. This amount is almost double the deals signed during US President Barack Obama's visit. The agreements cover various sectors, including energy, aviation, and defense. Key Takeaways: * A deal
