Page 4 - Aircraft

Buoyed by govt sops, Air Works seeks investors as it looks to expand biz

The company has recently opened a new facility at Cochin and is looking for business from foreign airlines

IFSC Authority announces framework for aircraft operating companies

The Government of India, on the recommendation of (IFSCA), on October 16, 2020 had notified aircraft lease norms, an official statement said

Aero India 2021: HAL's basic trainer aircraft comes in from the cold

As the HTT-40 has advanced swiftly through its development cycle, Browne's successors gradually accepted this indigenous basic trainer

AAI lines up concessions to attract aircraft repair firms to its airports

Plans to abolish royalty, offer steep discounts in lease rent

RBI tweaks FEMA regulations, gives wings to recycling of aircraft

Till now, export of planes in knocked-down condition was not allowed

Boeing's 2020 cancellations worst on record despite MAX deliveries in Dec

For the year, it delivered a total of 157 airplanes, down from 380 in 2019 and a record 806 jets in 2018

Covid-19 delays Boeing's aircraft manufacturing plan in India: Report

The U.S. planemaker's decision comes at a time when the pandemic has also forced Japanese carmaker Honda Motor Co to halt production at one of its two factories in India

Mahindra Q2 PAT dips 88% to Rs 162 cr, shuts aircraft business in Australia

Mahindra & Mahindra (M&M) on Tuesday reported an 88 per cent drop in its profit after tax (PAT) to Rs 162 crore for the second quarter ended September 30, mainly on account of an impairment provision of Rs 1,149.46 crore for certain long-term investments. The auto major along with one unit, Mahindra Vehicle Manufacturers Ltd (MVML), had reported a PAT of Rs 1,355 crore during the July-September period of the previous fiscal. Its revenues, however, increased to Rs 11,590 crore in the second quarter as against Rs 10,935 crore a year ago, M&M said. The company announced the closure of its aircraft manufacturing business in Australia and putting it up for sale. "We have shut down our Gipps Aero business, which was into the manufacturing of 8- and 10-seater planes in Australia," Mahindra & Mahindra Deputy Managing Director and Group CFO Anish Shah told reporters in the post-earnings virtual media conference. "It is up for sale for someone who wants to buy it. But, if there .

Jet Airways will have to reapply for slots, have 20 planes for global ops

When it shut operations, Jet Airways had close to 700 such slots pair including 116 and 214 in prime airports of Delhi and Mumbai

BS READS: Behind crashes at top flying schools - old planes or bad pilots?

There are doubts about the state of affairs at central govt-led Indira Gandhi Rashtriya Udan Academy, with red flags over its ageing aircraft, 40% of which had completed their technical life by 2019

Boeing fails to sell single jetliner in Sept as company battles Covid slump

The company said Tuesday that three Max orders were canceled in September and it dropped orders for 48 more Max jets because of uncertainty about whether customers will be able to close the deals

AirAsia India sees sustained passenger growth, to induct more aircraft

Despite market speculations over its future, AirAsia India foresees a sustained passenger demand to power its growth in the coming quarter

Airbus reveals concepts of zero-emission plane; may enter service by 2035

The second concept is a turboprop design that can carry up to 100 passengers and is powered by hydrogen combustion in modified gas-turbine engines, the release stated

Covid-19 impact: Aircraft lessor Avolon cancels 27 Boeing 737 MAX jets

The Dublin-based lessor said it has reduced its near-term commitments by over 140 aircraft since the start of the year

Indian Navy makes a case for third aircraft carrier amid fund crunch

Opponents claim it will create another white elephant, but naval planners say funding is possible, writes Ajai Shukla

GoAir cancels 18 domestic flights over shortfall of aircraft, cockpit crew

The abrupt cancellations of their flights are causing a lot of inconvenience to passengers.

Boeing grounds up to 50 737NG aircraft globally after detecting cracks

Boeing had previously reported a problem with the model's "pickle fork" -- a part which helps bind the wing to the fuselage.

Mumbai pilot's dream comes true: Plane built on terrace now ready to soar

Chief Minister Devendra Fadnavis formally handed over the DGCA certificate to Capt. Amol Yadav

India set to buy Rs 150 cr aircraft for conducting weather forecast

India will be one of the few nations in world and perhaps only one in South and Southeast Asia to have such an aircraft