New Delhi: State-run carrier Air India has invited offers from banks to raise up to $800 million via external commercial borrowing and bridge financing, two documents posted on the company's website showed. A bridge financing of up to $500 million will be used to fund its purchases of four Boeing Dreamliners, while the ailing national carrier plans to raise another $300 million through overseas debt. The documents, posted on Air...
05:41 PM, May 08, 2012
New Delhi: The Indian Air Force is facing "critical deficiency" of trainer aircraft and simulators, fighter squadrons are depleting and some airfields do not have certain landing facilities, a Parliamentary panel has been informed. The IAF has 34 fighter squadrons against the sanctioned strength of 42 squadrons and the number is likely to reduce further to 31 during the 12th plan period, the parliamentary Standing Committee on Defence was told...
01:40 AM, Apr 16, 2012
New Delhi: Cellphones do not cause any problem with aircrafts' communication or navigation system, a top executive of Cell Antenna - a company that provides cell phone signal enhancement services, has said. Comments of Howard Melamed, the chief executive officer of Cell Antenna, is in contrast to the long held belief that use of cell phones during take off or touch down of aircraft's as mobiles can disturb aircraft's navigational...
12:51 PM, Mar 22, 2012
New Delhi: India will have "a brand new" navy with "long legs" at sea, with force levels of 150-odd warships and 500-odd air fleet, navy chief Admiral Nirmal Verma said on Friday. Ahead of the Navy Day on December 4, Verma told an annual press conference in New Delhi that by 2027, the Indian Navy will be having "over 150 ships and close to 500 aircraft and helicopters". "Today, Indian...
03:58 AM, Dec 03, 2011
Kingfisher CEO Sanjay Aggarwal said that in hindsight the airline should have informed the DGCA. ...
09:14 AM, Nov 11, 2011
New Delhi: Marking a modernisation spree, Indian Navy is constructing 34 ships and submarines and is in the process of acquiring aircraft, destroyers and missiles to equip it to meet all challenges. Addressing top Naval Commanders, Defence Minister AK Antony on Wednesday said thrust was being given to indigenous capabilities while modernising the force. "34 ships and submarines are in various stages of construction at different shipyards. A large number...
08:12 PM, May 25, 2011
New Delhi: May 2010. Passengers stranded at airports across the country when 1500 Air India employees went on strike. This could happen yet again, very soon. About 800 pilots of what used to be called Indian Airlines say they're getting a raw deal. They want the same money that their counterparts in Air India are getting - nearly 50 per cent more. For the last three years they have been...
09:37 AM, Feb 08, 2011
Washington: US officials are worried about a steady increase of people pointing lasers at aircraft cockpits. They say the intense light can distract and temporarily blind pilots and has caused some to relinquish control of planes and helicopters to their co-pilots or abort landings. Over the past six years, the Federal Aviation Administration has recorded a steady increase in reports from across the country of people pointing lasers at aircraft...
05:25 PM, Dec 09, 2010
Melbourne: Superjumbo A380, world's flying wonder has manufacturing defects in its Trent engines that could lead to "catastrophic engine failures" in flight, Australian Flight Safety officials have warned. The officials have recommended that the airlines who are flying the superjumbos that use Rolls-Royce Trent 900 engines to carry out more checks as flaws could cause engine failures. As the safety officials pinpointed manufacturing defects in the engines, the country's airline...
03:11 PM, Dec 02, 2010
Boeing sourcing equipment from India for anti-submarine warfare planes. ...
03:18 PM, Dec 07, 2009
An aviation disaster was averted at Mumbai airport on Sunday. ...
03:10 PM, Jun 02, 2009
Johannesburg: South Africa skipper Johan Botha conceded that the one-off Twenty20 match against India was evenly poised before rain stopped play, helping the hosts to emerge as winners by 11 runs via the Duckworth-Lewis method at the Wanderers on Friday. Chasing 220 to win, openers Gautam Gambhir (49) and Robin Uthappa (18) gave India a blistering start, putting on 71 in just 7.5 overs when the heavens opened up. After...
12:06 AM, May 08, 2008
The $10 billion company has announced its Indian division, with targets of upto $1 billion for the next five years. ...
07:43 PM, Jan 16, 2007
Airbus says India would require passenger and freight aircraft, valued at $105 billion, to serve the demand by 2025. ...
04:34 PM, Dec 07, 2006
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