Search Result for : Airbus

The Dollar Business Bureau IndiGo, India’s biggest airlines has decided to break its practice of maintaining a single type of aircraft fleet by entering into an agreement with Avions de Transport Regional (ATR) to buy nearly 50 72-600 ATR aircraft worth $1.3 billion. IndiGo is India’s budget carrier and has plans to tap into the recently announced government flying scheme UDAN (Ude Desh ka Aam Naagrik) . Though the carrier has never operated any other aircraft other than the fleet of Airbus 320’s, since it started operations in India, the marked diversion to buy 50 ATR’s, despite the company’s net profit dipping 25% proves the airlines willingness to participate and gain a major portion of the underserved  and unserved little known airports in ...

The Dollar Business Bureau  Embedded in the Iran Nuclear Deal of 2015 were terms related to assured support from the developed world for Iran to acquire a fleet of new aircraft from majors like Boeing and Airbus.  Reportedly, the country has acquired merely 3 jets from Airbus in return for cash payments so far, while it aims to purchase as many as 180. While Iranian officials try to accelerate talks with British export credit agency to gain an approval, they have multiple roadblocks to address.  Theresa May’s snap decision to hold general elections in the month of June discourages Britain’s export credit arm to take defining decisions affecting foreign policy during such a critical time. The government is also likely to postpone dealing ...

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 ...

The Dollar Business Bureau The British Prime Minister, Theresa May, visited Dynamatic Technologies’ facility in Bangalore as Airbus takes delivery of the first commercial set of A330 flap track beams, produced jointly in the UK and India. Airbus’ footprint in India has increased significantly in the last 40 years, and Dynamatic will provide flap track beams for Airbus’ twin aisle A330 model. The parts will be jointly manufactured in Dynamatic’s facilities in Swindon, Bristol and Bangalore. Worth up to £120 million to the UK economy over a 10 year period, this contract will create 60 new jobs across Dynamatic’s two UK sites and 100 jobs at their Bangalore site. Speaking on the occasion Prime Minister, Theresa May, said, “This agreement between Dynamatic Technologies and Airbus ...

PTI  Domestic full service carrier Vistara today said it plans to operate 530 flights per week by year end with the induction of its 13th aircraft, which is expected to be delivered to the airline next month.The city-based airline, Vistara, in which Tata Sons and Singapore Airlines own 51 per cent and 49 per cent stake, respectively, currently operates 430 weekly flights to 17 destinations with a fleet of 12 Airbus A320 planes."We have inducted the 12th aircraft in the fleet last week, and the 13th aircraft will be delivered to us in the third week of October. With this, we will be operating 530 flight per week by this year end," Vistara Chief Strategy Commercial Officer Sanjiv Kapoor said.As part of ...

The Dollar Business Bureau AirAsia X has won two global awards for the fourth consecutive year in a row at Skytrax World Airline Awards 2016 held at the Farnborough International Airshow on Tuesday. The air carrier has once again bagged the World’s Best Low-Cost Airline Premium Cabin award and World’s Best Low-Cost Airline Premium Seat award. Skytrax Awards are called as the ‘Oscars of the aviation industry’ and an international benchmark of airline excellence with more than 19 million customer surveys done across the world. AirAsia X Group CEO Kamarudin Meranun said that the company is continuously improving its cabin experience and the two awards prove this. AirAsia X was the first to introduce flatbed seats having standard business class specifications in full recline ...

Revival of 350 unused airports will give a five-fold rise to Indian Aviation industry over the next few years, saidRN Choubey, Secretary, Ministry of Civil Aviation (MoCA) Sai Nikesh D | The Dollar Business Ashok Gajapathi Raju, Minister for Civil Aviation(MoCA) and R N Choubey, Secretary, MoCA, during the 5th International Exhibition & Conference on Civil Aviation- India Aviation 2016, in Hyderabad on Thursday   Intended to take theAviation industry to greater heights, the Ministry of Civil Aviation, Government of India, in coordination with Federation of Indian Chambers of Commerce and Industry (FICCI), is hostingthe5thInternational Exhibition & Conference on Civil Aviation- India Aviation 2016, being held in Hyderabad between March 16-20, 2016. The second day of the event on Thursday witnessed an international conference, ...

The Dollar Business Bureau The global defence manufacturer, Airbus said that the investment in the defence sectors will not see a proper growth until the government clears everything and moves forward on the attainment of projects. The global manufacturer is eyeing to invest in India as a manufacturing hub. They are planning to invest Rs 5,000 crores in the defence sector, which would have a capacity to generate more than 10,000 employment opportunities. However, this would be fortuitous only if India places the order. "Some of the partners that we are working with will need us for a lot before they become the real champions that India has in mind. Fair business means that we need to have levels of control ...