Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground
3 years, 4 months ago

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

The Hindu  

Billionaire Rakesh Jhunjhunwala’s plan to launch an ultra-low-cost airline, could give plane maker Boeing a chance to regain lost ground after the fall of one of its biggest customers, Jet Airways, two years ago, industry executives say. Mr. Jhunjhunwala, known as “India’s Warren Buffett” for his successful stock investments, plans to team up with former CEOs of IndiGo, the country’s biggest carrier, and Jet Airways to tap into demand for domestic air travel. While Mr. Jhunjhunwala’s Akasa Air comes at a time when aviation industry is reeling from the impact of the pandemic,with airlines losing billions of dollars, the sector’s long-term prospect makes it a hot market for plane makers Boeing and Airbus. Boeing’s share of 570 narrow body planes fell to 18%after Jet’s demise from 35% in 2018, data from consultancy CAPA India shows.

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History of this topic

Air India places firm order for 100 more aircraft with Airbus
Trending News
2 weeks, 1 day ago

Air India places firm order for 100 more aircraft with Airbus

Live Mint  

New Delhi: Tata Sons-owned Air India on Monday said it has placed a firm order for 100 more aircraft with Airbus. With the latest order, Air India's total order book now stands at 570 aircraft, which has overshadowed IndiGo's previous order of 500 aircraft. In 2023, Air India placed an order for 470 aircraft with Boeing and Airbus worth $70 …

Air India confirms order for 100 Airbus aircraft as part of global expansion plan
Top News
2 weeks, 1 day ago

Air India confirms order for 100 Airbus aircraft as part of global expansion plan

Firstpost  

The deal is worth some $6.4 billion after typical industry discounts, according to estimated delivery prices from UK-based Cirium Ascend An Air India Airbus A320neo passenger plane moves on the runway after landing at Sardar Vallabhbhai Patel International Airport in Ahmedabad, India, on October 22, 2021. Reuters File Tata group-owned Air India has confirmed an order for 100 Airbus aircraft, …

IndiGo, a longtime Airbus customer, is now adding Boeing planes
2 weeks, 1 day ago

IndiGo, a longtime Airbus customer, is now adding Boeing planes

Live Mint  

Surprising as it may sound, the airline with the largest order book with Airbus is inducting more Boeing 737 MAX 8 aircraft into its fleet, albeit on wet-lease. It has seen the transfer of routes from the mainline carrier and also the transfer of aircraft from Air India to Air India Express. With a cost structure lower than Air India …

Boeing got the easy part done. Now comes the tougher, existential problems
1 month, 1 week ago

Boeing got the easy part done. Now comes the tougher, existential problems

CNN  

New York CNN — Boeing’s most immediate problem – an eight-week strike by 33,000 workers – is over. “This isn’t something that there’s just a light switch that flips,” Boeing CEO Kelly Ortberg warned investors last month, even before machinists union members agreed to a deal. Renewed problems in China Among the most serious problems Boeing faces is President-elect Donald …

Why Indian carriers struggle to survive despite airport boom and record footfall
1 month, 1 week ago

Why Indian carriers struggle to survive despite airport boom and record footfall

Firstpost  

The Indian aviation industry may seem to be soaring, but it has a history of airline shutdowns due to money troubles, intense competition and management issues. While Air India merged with Indian Airlines in 2007 to become the largest full-service airline, other major players like Kingfisher, Jet Airways and Air Sahara all eventually collapsed. Boeing’s 2023 outlook estimates that over …

IndiGo's Rise and Fall: The Rise and Fall of a Low-Cost Airline
1 month, 3 weeks ago

IndiGo's Rise and Fall: The Rise and Fall of a Low-Cost Airline

Live Mint  

Rakesh Gangwal, the co-founder of IndiGo, has left the airline industry after a significant disagreement over corporate governance issues. Gangwal's decision to sell off his stake in IndiGo has raised concerns about the future direction of the airline. Despite facing challenges from the pandemic, IndiGo has been able to maintain its position as a low-cost airline in India. Gangwal's acquisition …

Troubled Boeing stays close to the ground at a major UK air show
5 months ago

Troubled Boeing stays close to the ground at a major UK air show

Associated Press  

LONDON — European planemaker Airbus plans to show off its newest passenger jet with daily flight demonstrations during one of the world’s biggest aviation trade fairs. Chief Operating Officer Stephanie Pope said Boeing was focused on “predictable deliveries” of jets to airline customers, and getting production of its troubled 737 Max jets back up to 38 per month. Boeing Global …

Airbus expects China, India to drive jet sales in next two decades
5 months, 1 week ago

Airbus expects China, India to drive jet sales in next two decades

Business Standard  

About 45 per cent of all new plane deliveries will be to replace older, less fuel efficient aircraft, according to the forecast. Image: Bloomberg By Kate Duffy and Siddharth Philip Airbus SE predicted China and India will be key growth drivers for the aviation industry in the next two decades as the planemaker expects the global commercial fleet will double …

IndiGo’s new Airbus order: What it means for India’s largest airline
7 months, 4 weeks ago

IndiGo’s new Airbus order: What it means for India’s largest airline

Hindustan Times  

The first hint of IndiGo’s widebody plans had come up in 2017. IndiGo’s new Airbus order: What it means for India’s largest airline IndiGo - the country’s largest carrier, has “agreed” to place a firm order for 30 A350-900 aircraft with Airbus. Dreams in place since 2017 IndiGo’s intention to express interest in international operations of Air India group made …

Air India’s ‘queen of the sky’ takes off from Mumbai for the last time
8 months ago

Air India’s ‘queen of the sky’ takes off from Mumbai for the last time

Hindustan Times  

Mumbai: Mumbaiites living in the vicinity of the airport might have witnessed something highly unusual — and somewhat scary to the untrained eye — on Monday morning. Air India posted a video of Agra’s wing wave on X, along with the message: “Today, we wave goodbye to the first of our last ‘Queen of the Skies’, the B747, departing Mumbai. …

Vantage | What Boeing's troubles mean for India's aviation sector
9 months, 1 week ago

Vantage | What Boeing's troubles mean for India's aviation sector

Firstpost  

As Boeing grapples with its myriad challenges, the implications extend far beyond its own walls, underscoring the fragility of an industry built on trust and reliability In the realm of aviation, few names carry as much weight as Boeing. In one such incident in January, a Boeing plane experienced a door panel malfunction, prompting the Federal Aviation Administration to launch …

India requires 2,840 new aircraft, 41,000 pilots over next 20 years: Airbus
11 months, 1 week ago

India requires 2,840 new aircraft, 41,000 pilots over next 20 years: Airbus

India TV News  

India will need 2,840 new aircraft and 41,000 pilots, as well as 47,000 technical staff, in the next 20 years, Rémi Maillard, President and Managing Director of Airbus India and South Asia, said on Thursday. Maillard said that Airbus received orders for 750 aircraft last year, delivering 75 units to Indian carriers, including 41 to IndiGo, 19 to Air India, …

World leaders hail Air India, IndiGo order of around 1500 aircrafts; 'Will provide millions of jobs in US'
1 year, 6 months ago

World leaders hail Air India, IndiGo order of around 1500 aircrafts; 'Will provide millions of jobs in US'

India TV News  

As major Indian airlines-- IndiGo and Air India-- placed orders for nearly 1500 aircraft of Boeing and Airbus, world leaders gathered during the recent visit of Prime Minister Narendra Modi to the United States, applauded the deal and expressed satisfaction as it will produce millions of jobs in America, especially at a time when the country is reeling under economic …

After Indigo, Air India signs pacts with Airbus, Boeing to buy 470 aircrafts
1 year, 6 months ago

After Indigo, Air India signs pacts with Airbus, Boeing to buy 470 aircrafts

India TV News  

Air India on Tuesday signed agreements with Airbus and Boeing for acquiring 470 planes for an estimated USD 70 billion at list prices. Air India said the agreements go "one step further in its USD 70 billion fleet expansion program that it announced in February this year". Campbell Wilson, Air India CEO, and MD said its ambitious fleet renewal and …

IndiGo buys 500 planes from Airbus, the largest order in aviation history
1 year, 6 months ago

IndiGo buys 500 planes from Airbus, the largest order in aviation history

Deccan Chronicle  

PARIS/DELHI: Europe's Airbus secured a historic deal on Monday involving the most jets ever bought by a single airline, with an order for 500 narrowbody jets from Indian budget carrier IndiGo on the opening day of the Paris Airshow. Efforts by Indian carriers to keep pace with the world's fastest-growing aviation market, serving the largest population, have sent industry records …

Why airlines keep folding in India’s booming aviation market
1 year, 7 months ago

Why airlines keep folding in India’s booming aviation market

Live Mint  

Go Airlines India Ltd. this week became the latest victim in the battle of the skies over India. Go, run by cookie-to-clothing magnate Nusli Wadia’s group, is the third high-profile carrier majority owned by a billionaire that has ceased to fly in the past 11 years. Modi has committed to steer the state away from business, proving his credentials by …

Boeing says India may require 31,000 pilots in next 20 years
1 year, 9 months ago

Boeing says India may require 31,000 pilots in next 20 years

Live Mint  

India may require 31,000 pilots and some 26,000 mechanics over the next 20 years amid the growing order book of the aircraft original equipment manufacturers, said US aircraft maker Boeing on the sidelines of a CII event. Boeing India President Salil Gupte also said the South Asian region is expected to remain the fastest-growing market globally over the next several …

IndiGo pits Boeing against Airbus in record jet order talks: Report
1 year, 9 months ago

IndiGo pits Boeing against Airbus in record jet order talks: Report

Live Mint  

Indian budget carrier IndiGo is in talks with both Boeing and its current supplier Airbus to order more than 500 passenger jets, potentially smashing an industry record set by domestic rival Air India a few weeks ago, industry sources said. India's largest airline has until now been an exclusive buyer of narrow-body jets from Airbus and French Finance Minister Bruno …

Decoding Air India’s mega aircraft deal with Boeing and Airbus | In Focus podcast
1 year, 9 months ago

Decoding Air India’s mega aircraft deal with Boeing and Airbus | In Focus podcast

The Hindu  

The Tata Group-owned Air India has placed two big orders with Europe’s Airbus consortium and Boeing for 470 planes – the largest ever single order placed by an airline in aviation history. It does raise some questions though: Does India have the aviation infrastructure to support such a vast expansion? What are the challenges for Air India in terms of …

Explained | Air India’s mega aircraft deal with Boeing and Airbus
1 year, 10 months ago

Explained | Air India’s mega aircraft deal with Boeing and Airbus

The Hindu  

The story so far: Scripting history with the largest-ever aircraft order in the history of global aviation, Tata group-owned Air India on Tuesday announced jumbo deals with aircraft manufacturers Airbus and Boeing to acquire 470 jets at an estimated cost of Rs 6.4 lakh crore. pic.twitter.com/dKJbZVafzn — Boeing Airplanes February 14, 2023 The 777-9 will be the largest jet in …

Air India Changing Global Geopolitics Through Aviation - News18
1 year, 10 months ago

Air India Changing Global Geopolitics Through Aviation - News18

News 18  

A country can take bold decisions only when it can stand on its own feet, and when India makes such a call, it does so because it has made itself that strong to be able to do it. Air India has also placed orders with Boeing and Airbus for 470 new aircraft, the largest by a single entity. Air India’s …

Air India ordered 840 planes, including 370 optional buys, from Airbus, Boeing
1 year, 10 months ago

Air India ordered 840 planes, including 370 optional buys, from Airbus, Boeing

Hindustan Times  

Air India has ordered a total of 840 planes from Airbus and Boeing including 370 optional buys, said Nipun Aggarwal, chief commercial officer of the airline, said, in his social media post on Thursday. READ | Biden announces Air India-Boeing deal, vows deeper ties with Modi Aggarwal stated that the aircraft order demonstrates the vision and aspiration of Tata Group …

Air India to get 250 Airbuses, 220 Boeing planes
1 year, 10 months ago

Air India to get 250 Airbuses, 220 Boeing planes

Deccan Chronicle  

New Delhi: Air India, now owned by the Tata Group, on Tuesday announced a mega-deal with French aviation giant Airbus to acquire 250 aircraft — 210 narrow-bodied and 40 wide-body A-350 aircraft —a move hailed by both Prime Minister Narendra Modis and French President Emmanuel Macron as an “important milestone in the India-France strategic partnership.” The deal itself was announced …

Air India unveils ‘historic’ orders for 470 Boeing, Airbus jets
1 year, 10 months ago

Air India unveils ‘historic’ orders for 470 Boeing, Airbus jets

Al Jazeera  

Air India has announced orders for a total of 470 Boeing and Airbus passenger jets as it races to tap surging demand for affordable air travel from the nation’s growing ranks of middle-class consumers. “India is going to be the world’s third-largest market in the aviation sector,” Modi said in a videoconference with Tata Sons Chairman Natarajan Chandrasekaran and French …

Air India reveals orders for 470 Boeing, Airbus jets
1 year, 10 months ago

Air India reveals orders for 470 Boeing, Airbus jets

Associated Press  

LONDON — Air India unveiled orders Tuesday for 470 Boeing and Airbus passenger jets as it races to tap surging demand for increasingly affordable air travel from the nation’s growing ranks of middle-class consumers. Toulouse, France-based Airbus will provide Air India 40 wide-body A350 Airbus aircraft and another 210 narrow-body A320neo planes, Tata Sons Chairman Natarajan Chandrasekaran said in the …

Air India signs 470 aircraft deal with Airbus, Boeing; world calls it ‘historic’
1 year, 10 months ago

Air India signs 470 aircraft deal with Airbus, Boeing; world calls it ‘historic’

Live Mint  

Aiming to upgrade its fleet and expand its operations, Tata-owned Air India on 14 February confirmed it will buy a total of 470 wide-body and narrow-body planes from Airbus and Boeing. "This order is an important step in realising Air India's ambition, articulated in its Vihaan.AI transformation program, to offer a world class proposition serving global travellers with an Indian …

Air India to purchase 470 Boeing, Airbus planes; Joe Biden lauds US-India ties
1 year, 10 months ago

Air India to purchase 470 Boeing, Airbus planes; Joe Biden lauds US-India ties

Hindustan Times  

Air India is placing orders for 470 Boeing and Airbus aircraft, underlining the surging demand for increased mobility in a nation with a swelling middle class. Together with Prime Minister Modi, I look forward to deepening our partnership even further as we continue to confront shared global challenges—creating a more secure and prosperous future for all of our citizens.” Air …

Air India to buy 250 Airbus planes: What we know about the 'historic' deal
1 year, 10 months ago

Air India to buy 250 Airbus planes: What we know about the 'historic' deal

Hindustan Times  

Tata Group-owned Air India has agreed to buy 250 jets from Airbus, part of a massive deal for 470 planes, underlining the surging demand for air travel fueled by the country's swelling middle class. The owner of Air India announced a deal to buy 250 Airbus jets, including A350 wide-body planes and A320neo single-aisle planes. > Air India will buy …

Air India orders 250 Airbus jets as air travel demand swells
1 year, 10 months ago

Air India orders 250 Airbus jets as air travel demand swells

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Air India's owner said Tuesday …

Tata’s Air India to buy 470 aircraft from Boeing, Airbus
1 year, 10 months ago

Tata’s Air India to buy 470 aircraft from Boeing, Airbus

The Hindu  

Air India on Tuesday announced a 470-aircraft order with Airbus and Boeing, including 260 widebody planes, the largest order ever from any Indian airline and among the largest globally. As a part of the same, we are celebrating the order of 470 aircraft with @Airbus@BoeingAirplanes@RollsRoyce@GE_Aerospace@CFM_enginespic.twitter.com/NvkeZqZ0xt — Air India February 14, 2023 “It is not just the largest order ever made …

Air India places monumental order for approximately 500 planes from Airbus, Boeing: Report
1 year, 10 months ago

Air India places monumental order for approximately 500 planes from Airbus, Boeing: Report

India TV News  

In an effort to rebuild itself under its new owners, Air India has signed a massive contract for roughly 500 new planes worth more than $100 billion. Reportedly, this might be the airline's single-largest purchase ever as Air India is in a process to overhaul itself under the Tata Group with a fleet that is fuel-efficient. While the airline reached …

Air India inches closer to seal half of jumbo plane order
1 year, 10 months ago

Air India inches closer to seal half of jumbo plane order

Live Mint  

Air India will on Friday seal half of an order for some 495 jets with Boeing and engine suppliers General Electric and CFM International, industry sources said, as its new owner seeks to revive the airline and compete with larger rivals. After months of closely guarded, tough negotiations, Air India is set to place an order for 190 Boeing 737 …

Boeing orders rise to 4-year high but still trail Airbus
1 year, 11 months ago

Boeing orders rise to 4-year high but still trail Airbus

Associated Press  

Boeing took more than 200 net orders for passenger airplanes in December to complete its best year since 2018, but it failed again to catch up with European manufacturer Airbus in orders and aircraft deliveries. And Boeing scored more widebody orders last year — Airbus wound up with more cancellations than new sales for its biggest planes. Boeing’s 2022 results …

Tata's Air India to buy Airbus, Boeing 500 jets in $100+ billion deal: Report
2 years ago

Tata's Air India to buy Airbus, Boeing 500 jets in $100+ billion deal: Report

Hindustan Times  

Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group conglomerate, industry sources said on Sunday. Air India as the country's largest international carrier and second largest in the domestic market after leader IndiGo. …

‘A colossal loss’: Air India's message to Akasa Air on Rakesh Jhunjhunwala's demise
2 years, 4 months ago

‘A colossal loss’: Air India's message to Akasa Air on Rakesh Jhunjhunwala's demise

Hindustan Times  

Tata Sons-owned Air India on Sunday sent its condolences to India's newest airline, Akasa Air, after one of its co-founders, billionaire investor Rakesh Jhunjhunwala, passed away at the age of 62 in Mumbai. Jhunjhunwala passed away exactly a week after Akasa commenced its commercial operations, with the budget carrier's maiden flight operating between Mumbai and Ahmedabad. Meanwhile, Vinay Dube, CEO, …

'I'm Ready For Failure,' Says Rakesh Jhunjhunwala As Akasa Takes Off its First Flight
2 years, 4 months ago

'I'm Ready For Failure,' Says Rakesh Jhunjhunwala As Akasa Takes Off its First Flight

News 18  

The world is gripped by recession fears, jet fuel prices are sky-high, and aviation is a notoriously fickle industry. “People say that in order to become a millionaire, you first become a billionaire and start an aviation company,” quips Anas Rahman Junaid, founder and managing director of rich list Hurun India. “The richest aviation billionaires in the world are from …

‘I am prepared for failure,’ Rakesh Jhunjhunwala’s Akasa set for take-off
2 years, 4 months ago

‘I am prepared for failure,’ Rakesh Jhunjhunwala’s Akasa set for take-off

Live Mint  

The world is gripped by recession fears, jet fuel prices are sky-high, and aviation is a notoriously fickle industry. "People say that in order to become a millionaire, you first become a billionaire and start an aviation company," quips Anas Rahman Junaid, founder and managing director of rich list Hurun India. "The richest aviation billionaires in the world are from …

Jet Airways 2.0: From launch date to benefits for flyers, CEO Sanjiv Kapoor reveals key details
2 years, 8 months ago

Jet Airways 2.0: From launch date to benefits for flyers, CEO Sanjiv Kapoor reveals key details

India Today  

Jet Airways is gearing up to take to Indian skies by October 2022, airline Chief Executive Officer Sanjiv Kapoor said. FACILITIES FOR FLYERS Newly appointed CEO Sanjiv Kapoor said that Jet Airways will offer two-class facilities for flyers as part of the airline's plan to return with a hybrid of no-frills and premium services. Kapoor said Jet Airways has 200 …

After 2 years of pandemic losses, a record profit for Airbus
2 years, 10 months ago

After 2 years of pandemic losses, a record profit for Airbus

Associated Press  

AMSTERDAM — Airbus booked a record profit of 4.2 billion euros last year as the aircraft maker delivered more planes with the global economy rebounding from the coronavirus pandemic. It’s an important source of cash for aircraft manufacturers, driving revenue of 52.1 billion euros for Airbus last year. CEO Guillaume Faury said “2021 was a year of transition, where our …

Boeing lands huge airplane order from Qatar Airways
2 years, 10 months ago

Boeing lands huge airplane order from Qatar Airways

Associated Press  

Boeing said Monday that Qatar Airways ordered up to 50 large cargo planes and committed to buying up to 50 Boeing 737 Max jets, a huge win for the U.S. aircraft maker over European rival Airbus. Boeing swooped in to land the orders shortly after Airbus canceled a Qatar Airways order because of an unusually public and bitter fight over …

Rakesh Jhunjhunwala-backed Akasa Air orders Boeing 737 MAX jets. Here’s all about the deal
3 years, 1 month ago

Rakesh Jhunjhunwala-backed Akasa Air orders Boeing 737 MAX jets. Here’s all about the deal

Hindustan Times  

Rakesh Jhunjhunwala-backed Akasa Air has placed an order for 72 Boeing 737 MAX jets, valued at nearly $9 billion at list prices, the US plane maker has said. Akasa Air is backed by ace investor Rakesh Jhunjhunwala, former IndiGo president Aditya Ghosh and former Jet Airways CEO Vinay Dube. “We are delighted to partner with Boeing for our first airplane …

Tale of two aircraft companies: While Airbus returns to profit, Boeing still in the red
3 years, 1 month ago

Tale of two aircraft companies: While Airbus returns to profit, Boeing still in the red

Firstpost  

The world’s dominant aerospace companies will seek new business as they attend the five-day Dubai air show on Sunday The aviation industry is slowly recovering from last year’s Covid-induced downturn, but European aircraft maker Airbus is having a smoother ride than American rival Boeing, which has endured a series of crises. The world’s dominant aerospace companies will seek new business …

Disinvestment will foster Air India’s growth, better utilisation of wide-body planes: Civil Aviation Secretary Rajiv Bansal
3 years, 2 months ago

Disinvestment will foster Air India’s growth, better utilisation of wide-body planes: Civil Aviation Secretary Rajiv Bansal

The Hindu  

The disinvestment of Air India will lead to further growth of the national carrier in a professional manner, including better utilisation of its wide-body planes and upgradation of in-flight services, according to Civil Aviation Secretary Rajiv Bansal. Mr. Bansal, who is also in charge of Air India as its chairman and managing director, also noted that with better utilisation, the …

What could work and what needn't for Rakesh Jhunjhunwala's airline venture
3 years, 2 months ago

What could work and what needn't for Rakesh Jhunjhunwala's airline venture

Business Standard  

Rakesh Jhunjhunwala-backed Akasa Air has secured the crucial no-objection certificate from the civil aviation ministry. Billionaire investor Rakesh Jhunjhunwala, also known as Warren Buffet of India, has invested Rs 247.50 crore for a 40 per cent stake in an ultra low-cost carrier, Akasa Air. The ace investor is planning to launch the airline with former Jet Airways CEO Vinay Dube …

A Stormy Flight Path for Rakesh Jhunjhunwala’s Akasa in the Turbulent Aviation Industry
3 years, 4 months ago

A Stormy Flight Path for Rakesh Jhunjhunwala’s Akasa in the Turbulent Aviation Industry

News 18  

The Indian aviation community is abuzz with the news of a new airline being added to the fleet. And why now in the midst of a pandemic?” The Indian aviation market comprises six large airlines: IndiGo, SpiceJet, GoAir, AirAsia India, Vistara and Air India. In fact, it may go a step further to attempt an ultra-low cost model, which in …

Akasa Air: Rakesh Jhunjhunwala to invest $35 million for low-cost airline in India
3 years, 4 months ago

Akasa Air: Rakesh Jhunjhunwala to invest $35 million for low-cost airline in India

Hindustan Times  

Investor and billionaire Rakesh Jhunjhunwala is considering investing $35 million to launch 70 aircraft within the next four years, as a part of his ultra-low-cost airline Akasa Air, Jhunjhunwala told Bloomberg on Wednesday. Rakesh Jhunjhunwala is foraying into an industry that has suffered significant losses due to the ongoing coronavirus pandemic. Akasa Air is expected to get a no-objection certificate …

Billionaire Rakesh Jhunjhunwala Plans to Have 70 Planes for New Low-Cost Airline
3 years, 4 months ago

Billionaire Rakesh Jhunjhunwala Plans to Have 70 Planes for New Low-Cost Airline

The Quint  

Billionaire investor Rakesh Jhunjhunwala has said that he plans on setting up Akasa Air – a new, ultra-low cost airline in India. With an investment of USD 35 million and 40 percent ownership of the carrier, Jhunjhunwala said that he is expecting a no-objection certificate from India's aviation ministry in the next 15 days, Bloomberg reported. Amid a global pandemic, …

Explained | What are the challenges Jet Airways faces before it can take off again?
3 years, 5 months ago

Explained | What are the challenges Jet Airways faces before it can take off again?

The Hindu  

The story so far: Two years after Jet Airways — at the time India’s second-largest full-service airline — halted operations in 2019 as it ran out of cash, the carrier has a real chance at getting airborne again. When Jet Airways halted operations in 2019, the government distributed its airport slots among various other Indian carriers. At the time, the …

Can Boeing fly without government help?
3 years, 10 months ago

Can Boeing fly without government help?

The Economist  

D AVE CALHOUN is no stranger to crises. A former acolyte of Jack Welch, he was picked to run GE ’s aircraft-engines and avionics division months before the 9/11 terrorist attacks of 2001 clobbered the industry. The company is only slowly emerging from a 21-month grounding of its bestselling 737 MAX passenger jet in the wake of two fatal crashes. …

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