Economy of India

March 26, 2014 - 11:05am

Emteq has signed an agreement with Air Works that will make its products more easily available to operators in India. Air Works, a provider of aviation services across 15 maintenance locations in India, will integrate Emteq’s cabin electronics into upgrades for executive and airline operators throughout India. “Until recently, Indian aircraft buyers had little option but to look overseas for aircraft completion and refurbishment facilities.

March 12, 2014 - 3:09pm

International trip support provider United Aviation Services (UAS) is looking for a partner in India. Viney Garg, the Dubai-based group’s business development manager, said it wants to get a partnership up and running this year.

January 10, 2014 - 12:19pm

The Star Alliance has set a new target of 2015 for Air India to join its ranks following a unanimous vote by member airlines to restart the process of integrating the Indian flag carrier. The alliance suspended integration in 2011 on grounds that Air India had “not met minimum joining conditions agreed in December 2007.” With signs of stability and fleet rationalization, however, Star has agreed to give Air India a second chance.

October 28, 2013 - 10:55am

India’s Mahindra Aerospace inaugurated a 270,000-sq-ft aerostructures manufacturing plant last week at the Narsapura Industrial Estate near Bangalore. The plant opening accompanied an announcement by Mahindra that it signed a technology partnership agreement with Spanish Tier 1 supplier Aernnova Group, the first for Aernnova with an Indian aerostructures manufacturer.

August 19, 2013 - 12:45pm
United Breweries Group chairman Vijay Mallya

The death knell for India’s Kingfisher Airlines sounded as lender banks took possession of the airline’s 25,850-sq-ft headquarters property in Mumbai on August 10. Carrying some $1 billion in outstanding debt, liquor tsar Vijay Mallya and his United Breweries Group have seen wholly owned Kingfisher accumulate $2.6 billion in losses since its launch in 2005. Most recently, it registered a loss of $188 million for the quarter running from April to June.

April 15, 2013 - 4:35am

India has decided to reduce the advance-application requirements for foreign-registered aircraft to enter the country from seven to three business days for landing permits, and from three days to one business day for overflights. The move is a significant breakthrough for business aircraft operators, who have long complained that Indian bureaucracy has undermined the flexibility they seek to deliver.

April 5, 2013 - 12:35pm

The AgustaWestland deal in India for AW101 helicopters that is being investigated after bribery allegations has prompted the Indian government to re-examine its already delayed defense procurement procedure 2013 (DPP). This is now focusing on “indigenization,” which defense minister A.K. Antony described recently as the “ultimate solution to the scourge of corruption.”

March 11, 2013 - 1:20pm

The Indian government’s new budget, released on February 28, brought little relief for the country’s ailing air transport sector, although the industry awaits a possible announcement of some reduction in high aviation fuel taxes. In particular, the budget documents made no mention of hoped-for fiscal support for India’s emerging regional airline industry.

March 4, 2013 - 2:06pm

The withdrawal of Kingfisher Airlines’ domestic airport slots and international flying rights by India’s Ministry of Civil Aviation on February 25 could make a phased restart of the carrier even more challenging. Meanwhile, authorities have de-registered 13 of the 37 aircraft parked in India, but airports haven’t allowed lessors to claim their assets until Kingfisher pays pending dues totaling $72 million.

“[Kingfisher has] to give some guarantee [to pay], said Airports Authority of India chairman V.P. Agrawal. “Bank checks worth $21 million…bounced. A legal issue is going on.”

February 18, 2013 - 4:15pm

India’s fastest growing and most successful airline–budget carrier IndiGo–has become the first victim of an October ruling by the country’s aircraft acquisition committee governing the number and kind of aircraft imported by airlines to encourage regional connectivity to smaller towns. In November the committee, led by civil aviation minister Ajit Singh, cleared for import only five of the 16 Airbus A320-series aircraft Indigo wanted to acquire.

 
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