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 […]
Continue Reading
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 […]
Continue Reading
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. […]
Continue Reading
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 […]
Continue Reading
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 […]
Continue Reading
NEW DELHI: In a significant move to boost self-reliance in defence manufacturing, the government of India on Monday approved the procurement of military equipment and platforms worth Rs 76,390 crore from domestic industries to enhance India’s overall combat capabilities. The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, cleared the procurement of next-generation […]
Continue Reading
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 […]
Continue Reading
NEW DELHI: Surat, the financial capital of Gujarat and hub for diamond and textile business in India, attracts air travelers in large numbers. Considering the magnificent rise in passenger traffic, Airports Authority of India (AAI) is extensively working towards the holistic development of the airport with a project cost of Rs 353 crore. The development […]
Continue Reading