CEO Vinay Dube announced that Akasa Air will expand its workforce by almost 1,000 employees, bringing the total staff number to over 3,000 by March 2024. The airline, which commenced operations just over seven months ago, plans to broaden its horizons by expanding its fleet and routes. Additionally, Akasa Air aims to commence international operations
The fair-trade regulator CCI approved the proposed deal between GMR Airports Infrastructure and Aeroports de Paris SA (ADP) through the green channel route. The CCI notice states that the proposed combination involves ADP’s acquisition of foreign currency convertible bonds (FCCB) issued by GMR Airports Infrastructure Ltd. In addition to approving the proposed deal, the Competition
An official release on Thursday stated that India has a significantly higher percentage of women pilots. This is almost three times the global average of 5 percent, with 15 percent of pilots being women. Despite this, the government currently does not have any specific program in place to encourage pilot training for women and marginalized
India’s civil aviation minister, Jyotiraditya Scindia, has urged Airbus and Boeing to consider setting up jetliner plants in India to meet the country’s soaring demand. Scindia emphasized that the time has come for both jet makers to take a “leap of faith” as India’s fast-growing aeronautical industry reaches an “inflection point.” He pointed to plans
Air India is seeking to improve its systems by forging stronger collaborations with airports in India and abroad. To achieve this goal, the Tata Group-owned airline has developed a five-year roadmap for transformation under Vihaan.AI. Rajesh Dogra, the Chief Customer Experience Officer, and Global Operations – Airport Operations have stated that AirIndia is not utilizing
An exchange filing on Wednesday revealed that the Indian government is planning to divest up to 3.5% of its stake in Hindustan Aeronautics Ltd (HAL), an aerospace and defense company. The company sets the floor price for the stake sale at Rs 2,450 per share, estimating the value at Rs 2,867 crore. Although this price
An internal communication from Air India states that the airline will be revising its policy on privilege leaves for both permanent and full-term contract staff from the next financial year. The revised policy will align with “prevailing market conditions”. Effective from April 1, the accumulation limit for Privilege Leaves (PLs) for all Air India’s employees
On Wednesday, aviation consultancy CAPA India projected a 26 percent increase in revenue to USD 3.9 billion for Indian airport operators in the upcoming financial year. The firm also offered an outlook for airports, predicting air passenger traffic to reach 395 million for 2023-24, covering both domestic and international flights. This would be a significant
On Wednesday, Arun Bansal, the CEO of Adani Airports, announced that the company will be bidding for more airports across India as part of its goal to become the leading airport operator. Adani Airports had already won bids to operate six airports during the government’s previous round of airport privatization. Bansal confirmed that the company
A senior government official stated that the disinvestment of Air India Engineering Services Ltd (AIESL) would benefit the country’s civil aviation industry. Rajiv Bansal, the Civil Aviation Secretary, confidently expressed that he expects the disinvestment to be successful in the coming months. He also highlighted that AIESL had a strong “topline and bottom line,” indicating
