Tuesday, May 17, 2022

Jet fuel prices at all-time high with 5.3% hike

NEW DELHI: Jet fuel prices on Monday were hiked by a steep 5.3 per cent – the tenth straight increase this year — to an all-time high, in line with a surge in global energy prices. The price of aviation turbine fuel (ATF) — the fuel that helps aeroplanes fly — was hiked by Rs […]

Capgemini selected by Airbus

NEW DELHI: Capgemini has been selected by Airbus to deliver a cloud-first transformation program for its global Commercial Aircraft and Helicopters businesses. As a strategic partner to Airbus, Capgemini will now provide a fully managed service of the core cloud infrastructure for the Airbus business. Capgemini will drive transformation of existing services through unification and […]

Tata Group appoints Campbell Wilson as CEO & MD of Air India

NEW DELHI: The Tata Group said that it has appointed Campbell Wilson as CEO & MD of Air India. Wilson is currently CEO of Singapore Airline’s low-cost subsidiary Scoot. Earlier this year, Tata Group had named Turkish Airlines Chairman Ilker Ayci as Air India’s CEO & MD, but he subsequently denied the position. Wilson, 50, […]

NCLAT asks Jet Airways to vacate office from Mack Star Marketing’s premises

NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has directed Jet Airways, which is preparing to resume flight services in the coming months, to vacate its office from the premises of Mack Star Marketing in Mumbai. While passing an order on May 6, a three-member bench of the NCLAT also said that no monthly […]

Aviation Ministry invites applications for PLI schemes for drones

NEW DELHI: The Civil Aviation Ministry on Thursday invited second round of applications for the production-linked incentive (PLI) scheme that was announced last year to boost drone manufacturing in India. The first round of applications for this scheme were invited on March 10 and its results were announced on April 20, wherein Adani Group’s joint […]

Akasa Air ties up with Navitaire for digital retailing, reservations system

NEW DELHI: India’s newest airline Akasa Air on Thursday announced it has chosen reservation systems provider Navitaire so that it can run reliable operations and offer affordable travel options to its passengers. Akasa Air, backed by ace investor Rakesh Jhunjhunwala, and aviation veterans Vinay Dube and Aditya Ghosh, is expected to begin its commercial operations […]

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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. […]