Search Result for : Aviation

The Dollar Business Bureau The National Civil Aviation Policy, 2016 has envisaged growth of cargo volumes to 10 million tonnes by 2027. As per data maintained by the Airports Authority of India (AAI), air freight handled at Indian airports grew by more than 20 times from 0.08 million metric tonnes in 1972-73 to 2.5 million metric tonnes in 2014-15, and its compound annual growth rate (CAGR) was 8.8% during 2013-14 to 2016-17. Measured in million tonne-kilometers, the data maintained by the World Bank also shows that air freight transported by India went up from 96.3 million tonne-kilometers in 1970 to 1,833.8 million tonne-kilometers in 2015. As per data maintained by the Airports Authority of India (AAI), air freight handled at Indian airports ...

PTI China's first large homemade passenger jet, touted as a competitor to Boeing and Airbus, made its maiden flight today, heralding the Communist giant's entry into the highly-competitive global aviation sector. The 158-seater C919 aircraft took to the skies from Shanghai Pudong International Airport in eastern China and made the country the fourth jumbo jet producer after the US, Europe and Russia, the state media reported. The 80-minute flight was greeted with applause by more than 1,000 spectators on the tarmac, including Chinese Vice Premier Ma Kai and Shanghai Party chief Han Zheng. The twin-engine plane departed with five crew members on board but without any passengers. "The maiden flight was exciting," said Wu Guanghui, C919's chief ...

Ranjeet Mahtani & Sweta Rajan All eyes and ears are on the GST Council's meeting this weekend. At the time of stop press, the update is that the GST Council has reached a consensus on the CGST  and IGST bills, but the State GST bill could not be discussed - it emerges that some amendments by the Law Department are yet to be incorporated. These agreed bills will be taken up later this month by the Parliament, and the GST Council will have a further meeting on March 16th. Ahead of the GST Council’s meetings today, March 4th and tomorrow, a limited indication of some of its proposals to the provisions of the GST laws has been provided.  Peak rate at 40% One such ...

The Dollar Business Bureau The work to establish an integrated hub for aviation at Hisar will start this year during the golden jubilee celebrations of Haryana. Haryana’s 'Swarn Jayanti' celebrations will start on November 1, 2016 and continue till October 31 2017. Haryana became a separate state in the year 1966. “The state-of-the-art aviation hub would be developed over an area of over 3,000 acres. The central government has been urged to include Hisar and Karnal in the Regional Connectivity Scheme which would come into effect in the second quarter of 2016-2017,” Rao Narbir Singh, Haryana's Civil Aviation Minister, said on Tuesday. In the first phase of the project, a series of activities is to be undertaken ...

The first vibe of acche din was felt when 36% royalty on gross turnover imposed by airports on MROs was brought down to 15% Sairaj Aiyyer |The Dollar Business The Rs.5000 crore Indian MRO market, has expertise, bandwidth to handle all kinds of MRO activities such as full aircraft maintenance, repairs, overhaul, and also components servicing   In a conversation with The Dollar Business, Pulak Sen hints that the to-be-announced National Civil Aviation Policy would delight MROs. As a Founder - Secretary General of the MRO association of India, Pulak Sen is an ex-aviation journalist and a representative of the Indian MRO industry. Dressed in a green suit, and a white hat, Sen has the charisma of a Johnny Depp from the Pirates of ...

Source: PTI Fliers might have to shell out more from next year with the government proposing 2% levy on all tickets to fund regional connectivity plans   Many highs and lows marked the 2015 trajectory of domestic aviation space with three airlines taking off, one coming back after a near-collapse, a no-frills carrier getting listed and India again securing top safety ranking even as the draft aviation policy remained in limbo. All said and done, fliers might have to shell out more from next year with the government proposing 2% levy on all tickets to fund regional connectivity plans even as the draft policy promises various tax sops for the sector. At the same time, Civil Aviation Ministry saw a change of ...

Source: PTI Ahead of Indian Prime Minister Narendra Modi's visit to the US, the Cabinet Committee on Security (CCS) on Tuesday cleared a multi-billion dollar deal for 22 Apache attack helicopters and 15 Chinook heavy-lift choppers with American aviation giant Boeing. “The deal for Apache and Chinook (helicopters) has been cleared,” government sources said. The CCS met after a Cabinet meeting, they said. Many in the defence sector had expected the deal, valued to be over $2.5 billion and pending since 2013 following finalisation of cost negotiations, to be signed during the visit of US Defence Secretary Ashton Carter in June this year. The deal for Apache is “a hybrid one”, with one contract to be signed with Boeing for the ...

Source: PTI ATF or jet fuel price was on Tuesday slashed by a steep 11.7% while rates of non-subsidised cooking gas LPG were reduced by Rs.25.5 per cylinder in line with dip in international prices. Aviation Turbine Fuel (ATF) price in Delhi was cut by Rs.5,469.12 per kilolitre (kl), or 11.7%, to Rs.40,938.24 per kl, oil companies announced on Tuesday. This is one of the steepest reductions, the biggest being a cut of Rs.7,520 per kl, or 12.5%, on January 1. Prior to Tuesday's reduction, jet fuel rate was cut by 9.4% to Rs.46,407.36 on August 1 and by Rs.2,086.56 per kl to Rs.51,267.36 on July 1. ATF, just as fuel in aeroplanes, on Tuesday costs 33% less than petrol that ...