India’s preference for Airbus aircraft was further consolidated in 2015 with 250 new firm orders, lifting market share of orders and the in-service fleet to over 70 per cent. Today some 56 per cent of India’s in service fleet are Airbus aircraft operated by most leading Indian carriers. This includes India’s first A320neo, the first to be delivered in the Asia region. Air traf...
Boeing Co and Airbus remain confident about strong demand from Indian Airlines, which is expected to order 1,740 jets in the next two decades. Both of the companies believe that increased demand from the world’s fastest-growing aviation market is likely to offset the overall decline in sales. By the end of fiscal year 2034, India is expected to place orders worth $240 billion. Improved ai...
The Airbus A320neo has made its air show debut at the India Aviation event in Hyderabad. The aircraft, bearing registration VT-ITC, is the first of the type to enter the Indian low-cost carrier’s fleet. It will appear on static display at the show. The aircraft is equipped with Pratt & Whitney PW1100G engines and was originally delivered to the airline on 11 March, making...
The long list of assets owned by Vijay Mallya, who has been in news constantly since the past few days for fleeing away from the country even though he owes state-run banks some 9000 crore rupees, has not been able to avoid the Indian government's hawk eyes. Apparently, the government is all set to auction off Vijay Mallya's assets, which include his personal Airbus ACJ 319, so that his...
Government rules restricting foreign ownership in the Indian defence sector to 49 percent are undermining New Delhi's drive to lure greater investment in manufacturing, a senior executive at European conglomerate Airbus Group said on Monday. Pierre de Bausset, president of Airbus Group India, said his company needed to own a majority share in joint ventures to justify more investment and th...
Amidst a row over beleaguered businessman Vijay Mallya leaving India in the middle of a massive loan default probe, former top official of Infosys, T V Mohandas Pai has sought to know why questions are not being raised about the massive losses of Air India, and called for a system for recovery or settlement of loans. "Air India has lost about Rs 30,000 crore. Why don't you hold the peo...
Vijay Mallya, once known as “the king of good times", is going through the worst times of his business career as banks close in on the Kingfisher tycoon in an effort to recover debts. Mr Mallya, 60, was widely considered to be India’s answer to Richard Branson. The flamboyant Indian entrepreneur built up his inherited empire, United Breweries Group, the prized assets of wh...
There is a lot of potential for the growth of business jets sector in India but the country has to overcome bottlenecks like lack of parking space at the airports, a top executive of Embraer Executive Jets said. “India is a big country with infrastructure challenges and we see a lot of potential. However, there are bottlenecks and restrictions to operate business jets like lack of parking...
AI pilot boarded aircraft 4 hours after scheduled departure time of Mumbai-Bhubaneshwar flight, passengers return to the terminal building from the aircraft in protest The national carrier, Air India, that has been short-staffed and has been struggling to manage its operations, had to delay one of its flights on Thursday afternoon, as the pilot had not reported for duty. The flight was not only...
India’s plans to develop a home-grown regional transport aircraft (RTA) appear to have been scrapped, with state owned airframer Hindustan Aeronautics (HAL) releasing a new request for information for the manufacture of a 50-80 seat dual-role regional aircraft in India. The RFI follows an announcement last year that plans to develop the RTA in partnership with the Bangalore...
As the launch customer of the A320neo, IndiGo has been waiting eagerly to take delivery of the planes that will help it cut fuel costs by 10-15% InterGlobe Aviation Ltd, which runs the IndiGo low-fare airline, said on Twitter that it will take delivery of Asia’s first A320neo aircraft on Thursday from European plane maker Airbus SAS. “IndiGo took delivery of the new A320neo aircr...
The Airbus Group produced over $500 million worth of aero-structures, components, materials, and services in India during 2015. In the five years up to 2020, the company hopes to achieve a cumulative $2 billion in procurement from India, says Airbus Group in a statement. “Indian suppliers are a cornerstone of our globalisation strategy,” said Airbus chief procurement officer Klau...
