Washington: A new Boeing 787 Dreamliner aircraft - which is to be delivered to Air India - has successfully completed its first test flight in South Carolina, the plane manufacturing company has said. "The airplane will now be flown to Texas to be painted with Air India's livery before returning to Boeing's South Carolina plant for a mid-2012 delivery," an official statement said. This is the first Dreamliner built in...
08:30 AM, May 24, 2012
New Delhi: Civil Aviation Minister Ajit Singh on Friday met Prime Minister Manmohan Singh to discuss the Air India crisis. After the meeting, Ajit Singh said that the government was not being inflexible and was open to talks. "The government is not being inflexible or adamant," Ajit Singh said. The Aviation Minister also said that the government had no plans of imposing the Essential Services Maintenance Act (ESMA) against the...
12:43 PM, May 11, 2012
New Delhi: The Supreme Court on Friday refused to entertain Air India's contempt petition against the Indian Pilots Guild and asked Air India to sit with pilots and sort out the differences. A bench headed by Justice T S Thakur said that they (pilots) have done nothing which amounts to contempt of court and suggested the airlines to speak with them to sort out the differences. "They have done nothing...
12:19 PM, May 11, 2012
New Delhi: The Delhi High Court on Friday ruled in favour of the Indian Pilots Guild in the Boeing Dreamliner training programme issue. This means that the Air India pilots will get to fly the bulk of the Boeing Dreamliner carriers. However, the HC ruled that there will be no new training programme for pilots unless the recommendations of Dharmadhikari Commission report are made public and implemented. The HC will...
12:17 PM, May 11, 2012
Mumbai/New Delhi: Four international flights of Air India were cancelled from Mumbai and Delhi as the strike by protesting pilots entered the second day on Wednesday, even as the management was mulling the option of moving court against the stir. "Four flights have been cancelled today, two each from Delhi and Mumbai," Air India spokesperson said. All other international flights are operating, as a contingency plan has been put in...
11:46 AM, May 09, 2012
Mumbai: Air India will raise $1.1 billion to fund its new aircraft acquisition programme and meet working capital requirements, the national carrier said on Tuesday, on the day it sacked 10 pilots who went on mass sick leave and derecognised their union. The sum will include $300 million for its subsidiary Air India Charters Ltd, which operates the low-cost Air India Express, and bridge financing of around $500 million for...
12:50 AM, May 09, 2012
Srinagar: Jammu and Kashmir Chief Minister Omar Abdullah on Tuesday said the cancellation of flights by Air India due to pilots' stir will not help the carrier in dealing with its troubles. "Excellent, well done, Air India. This is just the way you drag yourself out of the hole you find yourself in, cancel more flights," Omar said in a sarcastic tweet on the cancellations of flights. About 100 Air...
11:23 AM, May 08, 2012
New Delhi: In a major bid to shore up its falling revenues, cash-strapped Air India has floated a global tender for the sale of six Boeing 737 freighters, virtually bringing the curtains down on its plan to launch a dedicated cargo service. The state-owned airline has already offered to lease out five of its eight Boeing 777-200 planes for 8-10 years and decided to go for sale and leaseback of...
05:17 PM, Jan 06, 2012
New Delhi: With the first of the 27 Boeing 787 Dreamliners for Air India expected to arrive next month, the cash-strapped national carrier has decided to sell and leaseback seven of them and has started looking for bridge financing worth $230 million. While the first of these much-delayed planes would be delivered by the American manufacturer in January, the second one would come in March, the third in April and...
03:48 PM, Dec 24, 2011
New Delhi: A day after its lenders approved its debt restructuring plan, Air India on Tuesday decided to go in for sale-and-leaseback option for Boeing 787 Dreamliners instead of their outright purchase, as its Board reviewed the latest financial position of the cash-strapped company. The Board, which reviewed Air India's operations and the implementation of its turnaround programme and Financial Restructuring Plan, also decided to lease out excess capacity of...
07:45 AM, Nov 30, 2011
New Delhi: Air India's acquisition plan for 27 Boeing 787 Dreamliner planes and for additional equity infusion of Rs 6,600 crore would be deliberated by the Union Cabinet after the RBI gives its views on debt restructuring plan for the ailing national carrier. "A report on (Air India's) debt restructuring prepared by the Committee of Officers will be reviewed by the RBI within a week. Only after that will any...
07:45 PM, Oct 28, 2011
Tokyo: After a delay of more than three years, Boeing's much-hyped jet, the 787, made its first commercial flight, from Tokyo to Hong Kong - and landed on-time. The All Nippon Airways flight was packed mostly with aviation reporters and enthusiasts, some of whom paid thousands of dollars for the privilege and treated the experience like a rock concert, clapping after lift-off and snapping photos for posterity. "It's silly, but...
12:21 AM, Oct 27, 2011
Tokyo: All Nippon Airways' first Boeing 787 Dreamliner touched down in Tokyo early on Wednesday with hundreds of aviation fans welcoming the carbon-composite plane that its American maker is fielding, albeit three years late, to keep rival Airbus out of its best market. The US aircraft giant has had to cede ground to its European foe nearly everywhere else, including at home. Airbus has outpaced it globally in deliveries for...
12:35 PM, Sep 28, 2011
New Delhi: The first ultra long haul passenger jet with a capacity to fly non-stop up to 16,000 km will land at the IGI airport in New Delhi on Wednesday. Coming in from Seattle via Tokyo, the 787 Dreamliner plane of the US aircraft maker Boeing, would arrive in New Delhi on Wednesday at 10:30 am, airport sources said. It would then fly to Mumbai the next day and from...
10:41 PM, Jul 12, 2011
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