Archive For September, 2018
The government will soon invite fresh bids for 100% stake sale in Pawan Hans by issuing an addendum to the disinvestment document as ONGC is ready to sell its entire stake in the company, an official said. Helicopter services provider Pawan Hans is a joint venture between the government, which holds 51% stake, and state-owned […]
Godrej Aerospace, a unit of Godrej & Boyce Mfg. Co. Ltd., has signed an agreement with U.K.-based GKN Aerospace, a premier aerospace supplier, for the manufacture of specialised helicopter fuel tanks. Godrej Aerospace would set up a manufacturing facility for the production of these fuel tanks, the company said in a statement. ‘Aiming to be […]
The ambitious Saras project to manufacture small passenger aircraft, which was in cold storage, has been revived and in the next three years its commercial use will start under the UDAN scheme, Union minister Mr Harsh Vardhan said today. Commercial modification and implementation process were underway, he told reporters after inaugurating the UAV design and […]
The Kempegowda International Airport (KIA) has emerged as the second fastest growing airport in the world in the first half of 2018 in terms of actual growth in the number of passengers. It has recorded 1,58,50,352 flyers during the six-month period. Only Tokyo’s Haneda International has bettered KIA’s growth. The report was published by RoutesOnline, a company focussing on […]
State governments will be able to encourage tourism on preferred international air routes by offering subsidy to domestic airlines for a period of three years. The Ministry of Civil Aviation has prepared a draft scheme document for “UDAN International” and invited comments from stakeholders till September 4. The scheme is designed for State governments that […]
Directors of Jet Airways (India) Ltd will consider a plan to turnaround the financially-troubled carrier at a meeting on 27 August. The airline’s board will also discuss ways to cut costs at the meeting, which will consider the deferred financial results for the June quarter, Jet Airways said in a regulatory filing. The announcement will help to […]
The Defence Acquisition Council (DAC), chaired by Defence Minister Ms Nirmala Sitharaman approved procurement worth Rs 46,000 crore for the three armed forces to boost Prime Minister Mr Modi ‘Make in India’ initiative but what will be there for MSMEs is not clear, said an Expert. Speaking to KNN India, Mr Debashis Bandhopadhyay, an Expert […]
The Defence Acquisition Council (DAC), which met gave formal approval for procurement of 111 Naval Utility Helicopters worth over Rs. 21,000 crore. The Navy had issued the Request for Information (RFI) last year but clarity was awaited on the implementation guidelines under the Strategic Partnership (SP) model. The guidelines were approved recently and are expected […]