It survives the Bharatiya Vayuyan Vidheyak, 2024, the new airbill which aimed to streamline and transform the aviation industry. It would replace the Aircraft Act, 1934, which was a component of measures to simplify the business environment in the budding sector in India. Already approved in Lok Sabha back in August 2024, therefore was approved by voice vote by Rajya …
Fairfax India, the Indian unit of billionaire Prem Watsa’s Canadian investment firm, continues to create market buzz with another strategic acquisition when it acquired yet another 10% stake in Bangalore International Airport Limited, or BIAL, for $255 million. Such a deal significantly strengthens Fairfax’s control in the airport venture and lifts ownership levels to a majority of 74%. This step …
Indian airlines are still battling the issue of aircraft supply, and the rising demand for air travel is forcing the Directorate General of Civil Aviation to streamline regulations on the wet-leasing of planes. This will help in the oversight and ensure safety in wet-leased aircraft operations, especially when airlines seek quick expansion of their fleets to accommodate growing passenger demand. …
A boost to India’s semiconductor manufacturing capability is through the approval of more than Rs 8,500 crore incentive package by the Uttar Pradesh government for two large semiconductor projects. These projects have located near Noida International Airport and situated on Yamuna Expressway with an ambitious plan formulated by UP for Semiconductor Policy 2024 when passed by Centre Govt. By doing …
Launched in October 2016, the UDAN scheme or ‘Ude Desh ka Aam Naagrik’, aimed to uplift regional air connectivity of the country. It had offered air travel with affordability by making connections for many underserved and unserved airports across India. However, to date, it has just touched the very scratch of what’s needed, concluded ICRA – an Indian credit rating …