Aviation Ministry Top Stories

Govt allows airlines to wet lease aircraft for a year

By TBM Staff - Mumbai Monday, 28 November 2022, 4:00 PM 486

In a move that could boost affordable direct connectivity between India and distant continents, the government has conditionally relaxed the rule of allowing Indian carriers to wet lease aircraft (hire with entire operating crew) for a maximum of six months by doubling that period to a year. Accordingly, IndiGo can now wet lease two twin […]Continue Reading

Aviation Top Stories

Civil Aviation Ministry announces projects worth INR 2,361 crore for J&K

By TBM Staff - Mumbai Wednesday, 12 October 2022, 12:00 PM 690

Jyotiraditya Scindia, Union Civil Aviation Minister,announced projects worth INR 2,361 crore for the union territory of Jammu and Kashmir. These include a Civil Enclave (Airport) at Jammu worth INR 861 crore and expansion of the terminal building at Srinagar at a cost of INR 1,500 crore. While inaugurating 4th Heli-India Summit 2022, Scindia said Srinagar’s […]Continue Reading

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MoCA asks airlines to increase engineering capabilities for air safety

By TBM Staff - Mumbai Wednesday, 3 August 2022, 4:00 PM 972

India has asked airlines to increase their engineering-related capabilities at all base and transit stations, V K Singh, MoS for Civil Aviation told lawmakers, after a series of safety-related incidents in recent weeks, reports Hindustan Times. Airlines have also been asked to take “appropriate mitigation action and greater internal surveillance to ensure safety of Continue Reading

Aviation Ministry Top Stories

MoCA proposes law to enable lessors to repossess aircraft during dispute

By TBM Staff - Mumbai Thursday, 21 April 2022, 2:30 PM 1098

The Ministry of Civil Aviation (MoCA) has proposed a new law that will help international aircraft leasing companies to reposess and transfer planes out of India in case of a financial dispute with an Indian airline at a time many regional airlines have been refused planes on rent, reports The Hindu. The Ministry has sought […]Continue Reading

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Tata Sons wins bid for Air India: Govt Sources

By TBM Staff - Mumbai Friday, 1 October 2021, 1:04 PM 1517

Tata Sons has won the final bid for acquiring national carrier Air India, according to government sources. The salt-to-software conglomerate had submitted the final bid for the airline on September 15 and emerged as the frontrunner to acquire the airline. While SpiceJet promoter Ajay Singh had also submitted a bid for the airline, government sources […]Continue Reading