Airlines
Air India is exploring various options, including sale and leaseback and structured leasing, to acquire 27 Boeing 787 planes and reduce its significant debt burden. The airline has a debt of Rs 42,570 crore and an accumulated loss of Rs 22,000 crore, prompting it to seek an immediate
Airlines
The Boeing 787-8 has been in the making for several years, with Air India placing an order for 27 aircraft in 2005. However, the delayed delivery has raised concerns about the impact on the national carrier. As the test-pilot and engineering entourage of the aircraft can attest, the 787-8 is
Airlines
India's government has refused to allow international airlines such as Emirates and Deutsche Lufthansa to operate their A380 aircraft in the country, citing rules that protect state-owned Air India. This has denied passengers more choices and stifled competition for Air India, say industry experts. The rules are part
Airlines
Eaton Corporation, a diversified industrial manufacturer, has been chosen by Southwest Airlines as one of their component service providers. The two companies have entered into a three-year contractual agreement for the repair and overhaul of hydraulic components used on Boeing 737 passenger jets. This partnership is a significant expansion of
Airlines
Tensions between South Korea and Japan have resurfaced over the disputed Dokdo islets, with South Korea demanding Japan withdraw its measure against Korean Air after the airline's special flight near the islets. The Japanese government has instructed its officials to refrain from taking Korean Air flights for one
Airlines
For decades, commercial airlines have been waiting for the green light to use biofuels, and that moment finally arrived on July 1, when ASTM International approved the use of blended biofuels in aircraft engines. This breakthrough has the potential to reduce carbon emissions and meet the growing demand for cleaner
Airlines
Australian regional tourism operators are bracing for the worst after the grounding of Tiger Airways, with the peak national tourism body warning that a prolonged outage could have devastating effects on the industry. The Civil Aviation Safety Authority (CASA) has indicated that it may take Tiger to the Federal Court
Airlines
Air India, India's national carrier, has paid the salaries for April and May to its 30,000 employees, but due to a cash crunch, it has failed to provide productivity-linked incentives to over a third of its workforce. This development has raised concerns about delayed payments in the
Airlines
The Indian civil aviation ministry has initiated efforts to establish Guwahati as a regional aviation hub for the Northeast region. Aviation Minister Vayalar Ravi emphasized the importance of airports as a first impression of a country or state, stating that Guwahati will be the regional hub for aviation, with initiatives
Airlines
GE Aviation has secured significant engine orders from Qatar Airways and Kuwait-based Jazeera Airways, valued at more than $430 million. The orders are a testament to the trust and confidence of these major Gulf carriers in GE engines. The deals demonstrate the strength of GE Aviation's engine portfolio,
Airlines
CAE, a leading provider of full-flight simulators, has made significant announcements in the airline industry. The company has sold six CAE 7000 Series Level D FFS to various airlines in Asia, Europe, and North America, including British Airways, Garuda Indonesia, Skymark Airlines, US Airways, and an undisclosed North American airline.
Airlines
India's largest bank, State Bank of India (SBI), has breached credit exposure norms for three consecutive years, revealing significant loans provided to Mukesh Ambani-led Reliance Industries (RIL). The exposure, which exceeded the limits prescribed by the Reserve Bank of India (RBI), was detailed in SBI's annual
