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No GST on import of aircraft, its parts on lease

No GST on import of aircraft, its parts on lease

The government has exempted the import of aircraft, aircraft engines and its parts procured on lease from the purview of the Goods and Services Tax (GST).

Budget 2017: Mixed reaction by aviation, tourism industry experts

Terming the budget as "overall, a well-balanced, pro-poor, pro-growth budget" Amber Dubey, Partner and Head (Aerospace and Defence) of KPMG in India said the announcement of select AAI airports in Tier 2 cities to be taken up for operation and maintenance in PPP mode is a development step.

AirAsia India offers 50% discount on round trips

AirAsia India offers 50% discount on round trips

Budget passenger carrier AirAsia India has started a discount offer of 50 percent on the return leg of round trips booked via its website and mobile-based application (App).

Government gets 20 registrations for regional air connectivity

Government gets 20 registrations for regional air connectivity

Civil Aviation Secretary Rajiv Nayan Choubey said the government has so far received 20 registrations from air operator permit holders to participate in the upcoming reverse bidding round for allocation of RCS routes.

Government's Ude Desh Ka Aam Naagrik scheme flying high

Government's Ude Desh Ka Aam Naagrik scheme flying high

With the domestic aviation sector on the "upswing", the government today said the regional connectivity scheme has got off to a very strong start and the bidding under UDAN has already seen as many as 20 registrations from operators.

Govt mulls converting unused airports into SEZs

Govt mulls converting unused airports into SEZs

The government is looking at converting some unused airports into special economic zones where aircraft leasing companies can park their planes and showcase them to potential customers, a senior official said .

Domestic passenger traffic to cross 100 million by year-end: DGCA

Domestic passenger traffic to cross 100 million by year-end: DGCA

 Sounding bullish, DGCA expects more than 100 million domestic passengers to fly by the year end, especially as India has outstripped passenger traffic growth in this sector across major global economies including the US and China last year.

Boeing and Airbus expect Indian airlines to order up to 1,740 jets over the next 20 years

Boeing and Airbus expect Indian airlines to order up to 1,740 jets over the next 20 years, as aircraft manufacturers eye one of the world`s fastest-growing aviation markets to offset any weaker sales elsewhere.

Airlines flying towards record $33 bn profits: IATA

Airlines flying towards record $33 bn profits: IATA

The aviation industry is set to post a second consecutive year of net profits in 2015, nearly doubling them to USD 33 billion (30.1 billion) thanks to low fuel prices, its trade association said Thursday.

New draft civil aviation policy announced today aims at reducing cost of flying for middle class

New draft civil aviation policy announced today aims at reducing cost of flying for middle class

The new Aviation Policy draft, which was announced today aims at increasing connectivity and cut cost of flying  between smaller  cities.

Much awaited draft aviation policy likely to delayed further

The much awaited draft aviation policy is likely to be delayed further as certain provisions including easing of international flying norm for domestic carriers, are expected to be reworked.

Global investment not threat but lifeline: Etihad CEO

Global investment is not a threat but a lifeline for aviation industry, UAE's flag carrier Etihad Airways has said, in the wake of its record USD 643 million investment in Alitalia to revitalise Italy's national airline.

India needs 1,740 new aircraft worth $240 bn in next 20 years: Boeing

Raising its forecast for the Indian market, Boeing Wednesday said the country will need 1,740 new aircraft worth USD 240 billion over the next 20 years.

No plans to enter commercial aviation: Mahindra

Denying any plan to venture into commercial aviation, Mahindra & Mahindra (M&M) today said that it's aerospace business remains restricted to manufacture of utility aircraft and aerostructures.

Govt completely rewriting civil aviation policy: Official

After being in the works for a long time, the government is "completely rewriting" the civil aviation policy to address concerns of the stakeholders.

SpiceJet inducts first Airbus plane

SpiceJet, which is into operations for over ten years now, has for the first time inducted an Airbus plane in its fleet as so far it was depending on Boeing's narrow body B737s and Canadian Bombardier Q400.

Etihad Airways says not in talks to raise stake in Jet Airways

Shares in Jet closed up 2.44 percent on Tuesday against a 0.27 percent rise in the benchmark. A spokesman for Jet did not immediately respond to a request for comment.

Propelled by summer bookings domestic air travel clocks profit

Propelled by summer bookings domestic air travel clocks profit

All Indian carriers together ferried a total of 71.27 lakh passengers in May as compared to 60.22 lakh passengers during May 2014, according to Directorate General of Civil Aviation (DGCA) data for the month.

Vistara adds Bengaluru to its network; to fly daily to Delhi, Mumbai

Bengaluru will be the 10th destination for the Tata-Singapore Airlines JV.

CIAL reports 144.58 cr PAT in FY'15

The board of directors recommended a dividend of 21 percent. It also decided to convene this year's annual general body meeting on August 18.