Wednesday, June 29, 2022

Domestic air passenger traffic grows nearly five-fold in May: DGCA data

NEW DELHI: Domestic air passenger traffic saw a strong recovery in demand as Indian carriers flew 1.20 crore passengers on the local routes in May, logging nearly five-fold year-on-year volume growth, DGCA data showed on Wednesday. Domestic air passenger traffic in May 2021 stood at a meager 21-lakh, as per the Directorate General of Civil […]

TAS, L&T to deliver 100th missile launcher for IAF’s Akash project

NEW DELHI: Tata Advanced Systems Limited (TASL) and Larsen & Toubro (L&T) have jointly delivered 100th Akash Air Force Launcher (AAFL) for Indian Air Force, developed with Defence Research and Development Organisation (DRDO). This event was flagged off by Dr BHVS Narayana Murthy, DG-MSS, DRDO at the Vemagal facility of TASL (near Bengaluru) on the […]

Akasa Air takes delivery of first Boeing 737 MAX aircraft at IGI Airport

NEW DELHI: Ace investor Rakesh Jhunjhunwala-promoted Akasa Air’s first aircraft Boeing 737 MAX arrived in New Delhi on Tuesday, bringing it closer to securing the mandatory Air Operator Permit to start operations. The airline had received the ceremonial keys for the aircraft in Seattle, the US, on June 15, Akasa Air said in a statement. […]

India approves development of new Greenfield Airport in Gujarat

NEW DELHI: India’s Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the proposal for the development of Phase I of New Greenfield Airport at Dholera, Gujarat at an estimated cost of Rs. 1305 crore, to be completed within 48 months. The project is being implemented by Dholera International Airport Company […]

Akasa Air to partner Griffin for sale, leaseback of Boeing planes

NEW DELHI: Akasa Air has signed a contract with Irish leasing company Griffin Global Asset Management for sale and leaseback of five Boeing 737 Max aircraft, a statement said on Thursday. Under sale and leaseback model, the airline sells its planes to a leasing company and then leases them back. This frees up the cash […]

SankhyaSutra Labs Showcases Made-in-India Software for Aircraft Design at AeroCon 2022

NEW DELHI: SankhyaSutra Labs, a subsidiary of Jio Platforms Limited, develops high-fidelity aerodynamics and multiphysics simulation software. This Bangalore based company is showcasing its products and solutions at AeroCon 2022, a premier Aerospace conference being organized by Society of Automobile Engineering on June 2-3, 2022 in Bangalore. SankhyaSutra has planned a major product launch in […]

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Boeing to spin off venture capital arm

NEW DELHI: Boeing and AE Industrial Partners (AEI) have announced a strategic partnership to expand Boeing’s venture capital investing in mobility, space and connectivity, industrial tech and enterprise digital solutions, with a broader emphasis on sustainability. The partnership brings together Boeing’s aerospace and technology innovation and its HorizonX Ventures platform with AEI’s operational and private […]

GoAir plans Rs 2,500 crore IPO early FY22; may file preliminary papers in April

NEW DELHI: Wadia group-owned GoAir plans to come out with a Rs 2,500 crore-initial share sale early next fiscal, according to sources. The no-frills airline has been working on expansion plans and an Initial Public Offer (IPO) will help in raising funds. In recent months, many companies have hit the capital market with their IPOs […]

Surveys & air transport

Pakistan extends airspace ban along its eastern border with India till 28

LAHORE: Pakistan on Thursday extended its airspace ban along its eastern border with India for the third time till June 28, according to a notice issued by the country’s Civil Aviation Authority (CAA). Pakistan fully closed its airspace on February 26 after the Indian Air Force struck a Jaish-e-Mohammed (JeM) terrorist training camp in Balakot. […]