Aerospace industry eyes biz worth ~12,500 cr

New Delhi: Hindustan Aeronautics Ltd (HAL) has estimated that vendors within the aerospace industry of India will have business opportunities worth Rs 12,500 crore (US$ 1.94 billio...

Udan: More airlines likely to participate in Round 2 of regional connectivity scheme

New Delhi: The Government of India has received initial proposals from 141 airlines for participation in the second round of the regional connectivity scheme, Udan, stated Mr R N C...

AAI may issue Rs 5,000-cr bonds for airport projects

New Delhi: Airports Authority of India (AAI) may issue bonds worth Rs 5,000 crore (US$ 764. 21 million) to finance upcoming airport projects including construction of seven greenfi...

AAI to spend Rs 20,000 cr in 5 yrs to upgrade, build airports

New Delhi: Airports Authority of India (AAI) is planning to upgrade existing and build new airports across the country by investing Rs 20,000 crore (US$ 3.08 billion) over the next...

Swedish company eyes aircraft plant in India

New Delhi: Swedish company SaaB AB is exploring the opportunities of increased aerospace collaboration in India and might set up a new plant in the country to manufacture light air...

India set to become third-largest aviation market in the world: Vice President

New Delhi: India is on a high-growth trajectory and is expected to become the world's third largest aviation market in terms of the number of passengers by 2026, as per Mr Venk...

H2FY18 may see better air passenger growth: Report

Mumbai: India's air passenger traffic is expected to post a higher growth between October 2017-March 2018, backed by a rise in supply of spare engines for A320 Neo operators al...

Maharashtra govt okays MIAL bid to build Rs 16,000 cr Navi Mumbai airport

New Delhi: The Rs 16,000 crore (US$ 2.46 billion) bid by Mumbai International Airport (MIAL) to build the Navi Mumbai airport has been approved by the Maharashtra Cabinet and the a...