Aviation

InterGlobe Aviation-run IndiGo airline on Thursday reported a standalone net loss of Rs 1,194.8 crore for July-September quarter of FY21 (Q2FY21) as revenue picked up. The airline had reported a record loss of Rs 2,840 crore during the June quarter of FY21 amid suspension of air travel owing to Covid-19 pandemic. In the year-ago quarter, the loss stood at...

A Rafale fighter jet - one of the eight inducted into the Indian Air Force over the last year - took part in the Republic Day celebrations for the first time as it carried out the demanding and spectacular "Vertical Charlie" maneuver alone and was part of the "Eklavya" formation with four other fighter jets. The Rafale jet along with...

The defence sector may receive higher budgetary allocation against the backdrop of ongoing military face-off between India and China, HDFC Securities said in a report titled Pre-Budget 2021 Expectations. The central government had hiked the defence budget by six per cent last year to meet the needs of the armed forces; in budget 2020-21, an amount of ₹ 4,71,378 crore...

The delivery of the Tejas Light Combat Aircraft (LCA) to the Indian Air Force under a ₹ 48,000-crore deal will begin from March 2024 and around 16 aircraft will be rolled out annually till the completion of the total supply of 83 jets, Chairman and Managing Director of Hindustan Aeronautics Limited R Madhavan said on Sunday. In an interview to...

Indigo Paints initial public offering (IPO) will open for subscription tomorrow i.e. January 20, 2021. This will be the second public issue to open for subscription in 2021, after the ongoing Indian Railway Finance Corporation IPO. The maiden public issue of Indigo Paints will remain open until January 22. The shares are likely to be listed on the BSE...

Turkish aviation firm Celebi Aviation on Friday said it is operationally ready to handle COVID-19 vaccines and is working closely with existing airline operators and freight forwarders to understand their specific requirements. The company has the infrastructure and capabilities to handle as many charters as required, at its facility and ensure a quick ''turnaround time'', it said in a...

The Cabinet Committee on Security (CCS), led by Prime Minister Narendra Modi, on Wednesday approved the purchase of 73 Tejas LCA (Light Combat Aircraft) fighter jets and 10 trainer aircraft for a cost of around ₹ 45.7 crore. The Tejas Mk-1A LCA is an indigenously designed and manufactured fourth-generation fighter with critical operational capabilities that include an Active Electronically-Scanned Array (AESA)...

All air passengers bound for the United States will require a negative Covid-19 test within three days of their departure, the Centers for Disease Control and Prevention (CDC) said Tuesday. "Testing does not eliminate all risk but when combined with a period of staying at home and everyday precautions like wearing masks and social distancing, it can make travel safer,"...

Air India's longest direct flight from San Francisco to Bengaluru with an all-woman cockpit crew successfully landed in the southern city on Monday. The national carrier had said on Saturday that this flight would be the longest commercial flight in the world to be operated by any Indian airline and the total flight time on this route would be of...

Qatar Airways and Saudi Airlines will resume flights between Doha and Riyadh from Monday in a reopening of airspace as part of a political rapprochement in a three-year-old dispute. Qatar Airways said via Twitter on Saturday it will resume flights to Riyadh on Monday, Jeddah from January 14, and Dammam from January 16. It said the flights would be with wide-body planes...