Government signals thaw with assurance to review Air India pilots pay cut

NEW DELHI: Signalling a thaw in the interface between Air India pilots and the government, Civil Aviation Minister Hardeep Puri has given an assurance to the pilots that he will review the disproportionate pay cut as well as examine payment of pending 25 per cent arrears. Air India pilots have been protesting against what they […]

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SpiceJet enters medical device industry, launches ventilators

NEW DELHI:Further diversifying its business interests, airline major SpiceJet on Monday launched ‘SpiceOxy’ — compact, portable, non-invasive ventilation device, which is an effective solution for patients with mild to moderate breathing issues. Unsurprisingly, the airline is known for its business diversification. It had earlier entered into fashion retail, merchandise and e-commerce, freight movement, fresh farm […]

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Emirates airline got $2 billion injection from Dubai government

DUBAI:Emirates airline has received 7.3 billion dirhams ($2 billion) from the government of Dubai as it faces a cash crunch caused by the COVID-19 pandemic, a bond prospectus seen by Reuters shows. Aviation has been one of the worst-hit industries during the pandemic and Emirates has cut thousands of jobs as it tries to manage […]

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Adani Group to pick 74 per cent stake in Mumbai airport

NEW DELHI:Billionaire Gautam Adani’s Adani Group on Monday said it has reached an agreement to acquire GVK Group’s shareholding and control of Mumbai airport. Adani Airport Holdings has “entered into an agreement to acquire the debt of GVK Airport Developers,” Adani Enterprise said in a regulatory filing. GVK Group holds 50.50 per cent equity stake […]

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GMR Group to work towards expansion of airport business

NEW DELHI: GMR Group will work towards expanding its footprint in the airport business in the long term, said G.M. Rao, Chairman of the group. His message to the shareholders in the annual report of GMR Infrastructure said that the company will also continue to invest in technology. “From a longterm perspective, the Group will […]

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IndiGo operates maiden passenger charter to Hanoi, Vientiane

NEW DELHI: Airline major IndiGo on Saturday operated its maiden passenger charter to Vietnamese capital Hanoi, and Laos’ Vientiane to help stranded nationals get back home. “The flight from India repatriated 106 Vietnamese, 1 Filipino and 29 Laos nationals along with 89 Indian citizens,” the airline said in a statement. “The return flight repatriated 139 […]

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GMR Infrastructure announces rejig plan to become pure-play airports company

NEW DELHI: GMR Infrastructure Ltd on Thursday unveiled a strategic group restructuring involving demerger of non-airport vertical business as part of efforts to simplify the corporate holding structure. Along with the rejig, the board of GMR Infrastructure Ltd (GIL) on Thursday also approved raising up to Rs 5,000 crore through issuance of securities. The restructuring […]

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Air India begins direct London flights to Kochi

NEW DELHI: A long-cherished demand of the Kerala diaspora and the business community here turned into a reality when an Air India non-stop flight from London landed here on Friday. The Cochin International Airport Limited (CIAL) welcomed the AI 1186 aircraft with a water salute. As part of promoting direct connectivity to Europe, CIAL has […]

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Vistara operates maiden long-haul flight from Delhi to London

NEW DELHI: Vistara operated its first long-haul flight from Delhi to London on Friday using its newly inducted Boeing 787-9 Dreamliner aircraft, the airline said here. The full-service carrier is scheduled to operate special thrice-weekly flights from August 28 to October 24 between the two cities, it said in a statement. These special flights are […]

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Air travel within China almost returns to “pre-pandemic levels”

NEW YORK: Domestic air travel in China has nearly fully recovered from the COVID-19 pandemic, according to data released Wednesday by ForwardKeys, which predicted the Chinese aviation market would fully recover by the start of September. In the second week of August, domestic arrivals at Chinese airports reached 86 percent of last year’s levels, while […]

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