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Air India looks at a bigger operating profit in FY 17

Air India looks at a bigger operating profit in FY 17

Air India is confident to substantially increase its operating profit in the present financial year after clocking its first operating profit in the last fiscal since the merger between AI and Indian Airlines. AI made an operating profit of Rs 105 crore in the last fiscal as compared to an operating loss of Rs 2,636 crore in 2014-15.

AirAsia India says investigation underway against former employee

AirAsia India says investigation underway against former employee

AirAsia India, a joint venture of the Tata Group and AirAsia Berhad, has said that an investigation was already underway against a former employee for “irregular personal expense claims” days after ousted Tata Group chairman Cyrus Mistry alleged “fraudulent transactions of Rs 22 crore” in the airline

Jet Airways expands codeshare with Delta, Virgin Atlantic via London Heathrow

Jet Airways expands codeshare with Delta, Virgin Atlantic via London Heathrow

Mumbai-based Jet Airways has entered into codeshare agreements with Delta Air Lines and Virgin Atlantic to provide convenient connections for customers between key destinations across North America and India via London Heathrow

India to become 3rd biggest aviation market by 2026: IATA

India to become 3rd biggest aviation market by 2026: IATA

India will displace the United Kingdom to become the world’s third largest aviation market by 2026, the International Air Transport Association (IATA) has said. IATA, which represents some 265 airlines comprising 83% of global air traffic, expects 7.2 billion passengers to travel in 2035, a near doubling of the 3.8 billion air travelers in 2016. These findings are part of IATA’s 20-year air passenger forecast

SITA delivers “always-on Wi-Fi” to Scandinavian airlines

SITA delivers “always-on Wi-Fi” to Scandinavian airlines

Scandinavian Airlines (SAS) is keeping its flight crew connected and in touch on the ground no matter where they are in the world through SITA’s global, always-on Wi-Fi service

India’s Fast Growing Aviation Market Spurs Boom In Private Charter Jet Startups

India’s Fast Growing Aviation Market Spurs Boom In Private Charter Jet Startups

India’s domestic aviation sector became the world’s fastest growing aviation market last year by growing at a rate of over 20.3 %.

Tata’s aviation venture among first signs of trouble in Cyrus Mistry tenure

Tata’s aviation venture among first signs of trouble in Cyrus Mistry tenure

Ousted Tata group chairman Cyrus Mistry has revealed that he did not want the conglomerate to enter aviation.

GMR wins arbitration against Maldives gets $ 270 million compensation

GMR wins arbitration against Maldives gets $ 270 million compensation

GMR Male International Airport Limited (GMIAL), a subsidiary of GMR Infrastructure Limited, has been awarded compensation of approximately $ 270 million by the three member international arbitral tribunal.

Jet Airways to introduce 28 additional flights a week between India and Abu Dhabi

Jet Airways to introduce 28 additional flights a week between India and Abu Dhabi

Jet Airways will add 28 flights per week and connect three new Indian cities via its gateway in Abu Dhabi beginning 2017

GMR Airports bids for new International Airport in Greece

GMR Airports bids for new International Airport in Greece

GMR Infrastructure Limited announced that its subsidiary, GMR Airports Limited (GAL), has submitted the bid along with its partner GEK Terna Group of Greece for the Development, Operations and Management of New International Airport of Heraklion at Crete Island, Greece. The scope of the project involves Design, Construction, Financing, Operation & Maintenance of the airport for a concession period of 35 years. GEK Terna Group is a leading Greek Infrastructure company having presence in Construction, Energy, Mining, Waste management, Concessions, Real Estate development & facilities’ management.