In Union Budget 2023-24, Finance Minister Nirmala Sitharaman announced measures to improve regional air connectivity in India. She said that 50 additional airports, heliports, water aerodromes, and advanced landing grounds will be built and revived to enhance connectivity. This move is expected to further push the ongoing UDAN (Ude Desh Ka Aam Naagrik) scheme which
Jet Airways’ employees’ pending provident fund dues are paid, and lenders have asked the grounded airline, the Jalan-Kalrock consortium, to revise their resolution plan. The recent order from the National Company Law Tribunal (NCLT) has allowed the transfer of ownership of Jet Airways to the consortium. But the lenders have challenged it citing non-completion of
The Last Goodbye The Boeing 747, also known as the “Queen of the Skies”, has been a part of aviation history since its introduction in 1969. The jumbo jet revolutionized air travel and was the first wide-body aircraft that could carry more than 400 passengers, allowing airlines to offer cheaper fares and more destinations. However,
The Economic Survey of 2022-23 has highlighted the potential of India’s civil aviation sector to grow further due to the increasing demand from the middle class, higher disposable incomes, and favorable demographics. The survey also noted that air travel has rebounded significantly with the lifting of the coronavirus pandemic-related curbs. The survey noted that the
Nirmala Sitharaman, the current finance minister of India, is all set to announce the Budget 2021. With the government’s commitment to promoting the ‘Aatmanirbhar Bharat’ (Make-in-India) initiative, the drone industry in India is expecting a lot from the budget. The global drone market is set to become a US$ 54 billion market by 2025, and
The Singapore Airlines Group (SIA) has made a strategic move to invest in Air India, the new airline group created in January 2021 when Tata Sons agreed to buy Air India. This investment is part of SIA’s multi-hub strategy and will give the airline access to India’s rapidly growing aviation market. With Tata Sons consolidating
The Wadia Group-owned budget airline Go First is set to receive Rs 210 crore from the government’s Emergency Credit Line Guarantee Scheme (ECLGS) next month in order to strengthen its financial position and further expand operations. Go First has already availed Rs 600 crore under the ECLGS, and will receive an additional Rs 210 crore
The recent news of a Kolkata-bound AIX Connect plane aborting its take-off at Lucknow airport due to a bird hit has raised several questions about aviation safety. It is reported that the A320 aircraft VT-RED was involved in a “reject take-off due to a bird strike”. And, post-flight inspection revealed damage to four blades. This
The recent incidents of misbehavior and violations of security norms on Indigo flights have raised serious concerns about the safety of passengers. On January 24, a passenger traveling on Flight 6E 5274 from Nagpur to Mumbai, allegedly tried to remove the cover of the emergency exit while the aircraft was in the air and on
The Indian aviation industry has seen tremendous growth in the last few years and it is expected to continue in the coming financial year. The government’s ambitious UDAN (Ude Desh ka Aam Nagrik) scheme has seen major success in connecting cities across the country and operationalizing 70 airports, with 453 routes having already been started.
