Boeing & GMR collaborate to build freighter aircraft conversion line in Hyderabad
U.S. planemaker Boeing has partnered with India’s GMR Aero Technic for setting up a facility in the Asian nation that will convert passenger aircraft into…
Category: Deal Tracker
HAL ALH Mark-3 handed over to Mauritius ahead of schedule
Hindustan Aeronautics Limited (HAL) has handed over the Advanced Light Helicopter (ALH) Mark-3 to the Republic of Mauritius ahead of schedule. The delivery was made…
Jet Airways lenders file appeal to NCLT against Jalan-Kalrock Consortium
Jet Airways lenders filed an appeal before the NCLAT against the Jalan-Kalrock Consortium’s resolution plans on Tuesday, January 24. Lenders of Jet Airways have requested…
Jalan-Kalrock Consortium files plea in SC over Jet Airways employees’ dues
Jalan-Kalrock Consortium has appealed an SC decision over the unpaid provident fund and gratuity obligations for former employees of Jet Airways. According to a National…
Jet Airways Ownership authorization granted to the Winning Bidders
Jet Airways’ resurrection plans are once again showing signs of hope following the NCLT’s recent approval of the ownership transfer to the winning bidders. Nearly…
Delhi Airport Terminal 1 expansion to be completed by the year-end
Delhi’s IGI Airport Terminal 1 expansion should be completed by the end of this year, according to DIAL CEO Videh Kumar Jaipuriar. The Indira Gandhi…
Noida & Greater Noida authorities to allocate about Rs 1800 crore for NIA
Noida and the Greater Noida authorities have consented to release Rs 1,800 crore towards the Noida International Airport (NIA) construction. The Greenfield airport is being…
Air India Pilots Union seeks conciliation proceedings with the management to sort out issues
Air India Pilots Union has petitioned the labour department for conciliation proceedings with the Airline’s management to alter their working conditions. Indian Pilots Guild (IPG)…
9 airports using the PPP model will see a 50% increase in revenue this fiscal year
9 airports in the nation that use the PPP model are anticipated to increase their overall revenue by 50% this fiscal year to Rs 9,650…
SpiceJet offers a Debt-to-Equity Conversion Plan to Lessors
SpiceJet has proposed to convert lessors into potential investors in a Debt-to-Equity Conversion Plan to settle all payment disputes. SpiceJet has made the decision to…
India’s East-West Airlines Director imprisoned for the ’90s fraud
Faisal A Wahid, the Director of the now-defunct East-West Airlines (India), was given a 12-month prison term this week for a shady fuel trade in…
Jet Airways Pilots & Cabin Crew leave amid uncertain takeoff
Jet Airways Pilots and Cabin Crew are leaving the airline due to the uncertainty surrounding its restart, according to a report that came out on…
Wadia Group to infuse Rs. 510 crores in Go First for its working capital needs
Wadia Group will invest Rs 510 crore in Go First through its Mauritius-based company Baymanco Investments to meet its “working capital requirements”. Go First is…
Noida International Airport (NIA): A Sneak Peek
The projected “contactless” digital, greenfield Noida International Airport (NIA), scheduled for completion in 2024, would combine Swiss and Indian aesthetics. Sources from the planned Noida…
“Point of call” not granted to Foreign Carriers for Non-Metro Airports
The govt. is refusing to allow any non-metro airport as a new “point of call” for passenger operations, given the enormous imbalance in favour of…
India’s import of Aircraft, Helicopters & Turbojets rose sharply
The Commerce Ministry on Tuesday, December 6 revealed an import warning list that showed a sharp surge in the import of aircraft, helicopters, and turbojets…
EaseMyTrip intends to buy a 75% stake in Nutana Aviation
EaseMyTrip increased 7.22% to Rs 67.55 after the business disclosed that it had signed a binding deal to buy a 75% stake in Nutana Aviation…
HAL gains for 4th day in a row; closes at a record high
HAL (Hindustan Aeronautics Limited) stock soared to a new 52-week high on Wednesday, November 16, extending its advances for a fourth straight day. The stock…
Jet Airways’ asset monetisation is further delayed again
A standoff between lenders and the Jalan-Kalrock partnership over the specifics of its resolution plan has hampered Jet Airways’ asset monetisation strategy. Jalan-Kalrock consortium is…
Boeing to invest $200 million to boost India’s R&D Centre
Boeing, a US defence and aviation company, has been concentrating on enhancing the talents of its R&D team in India with a $200 million, 43-acre…
