The increase — from Rs 1,800 cr to around Rs 6,000 cr — will be driven by various factors like expansion of fleets & ongoing investment in airports, says CRISIL Ratings report.
Under current regulation, airfares aren't regulated by govt or DGCA. On 5 June, civil aviation minister Jyotiraditya Scindia told airlines to keep fares on particular routes 'within limit'.
The civil aviation minister said conditions were ripe for a 'leap of faith' by both jet makers as India's fast-growing aeronautical industry reaches an 'inflection point'.
Almost all other Indian carriers are expected to order new aircraft in the next 24 months. India needs to add at least 500 planes to manage growing demand, says an aviation expert.
The vaccine news has prompted a spate of technology-led moves to devise mechanisms to monitor travelers’ Covid credentials and combat false claims from people desperate to fly.
Despite less intense outbreaks in these cities, a recent uptick in cases in Hong Kong proved enough to delay the start of the air corridor between the two financial hubs.
‘Mother kept pouring water in our eyes whenever the burning became unbearable. She pushed our bodies deep into the blanket, making sure not a single part was exposed,’ my father said.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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