tag:blogger.com,1999:blog-28482860282513305232024-03-14T01:16:08.285-07:00Aerotech FMS Pvt. Ltd.Latest news and events in Aviation . .Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.comBlogger149125tag:blogger.com,1999:blog-2848286028251330523.post-13299493563779558072015-11-18T04:12:00.000-08:002015-11-24T04:14:11.922-08:00Airlines to challenge CCI’s order
THE HINDU,18NOV2015
Stocks of Jet Airways and IndiGo came under selling pressure in the morning but the stock prices recovered during the day after investors started discounting the impact of the penalties.
Jet Airways, IndiGo and SpiceJet, the three airlinesthat have been penalised by the Competition Commission of India (CCI) on charges of colluding to fix Fuel Surcharge (FSC) on air Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com4tag:blogger.com,1999:blog-2848286028251330523.post-66680668349249368662015-11-18T04:10:00.000-08:002015-11-24T04:10:49.191-08:00Jet, IndiGo and SpiceJet stocks volatile
THE HINDU,18NOC2015
Shares of Jet Airways, IndiGo and SpiceJet saw high volatility on Wednesday morning after the CCI slapped on them penalties totalling Rs. 258 crore even as they said they will pursue legal steps against the order.
Clamping down on unfair business practices in the aviation sector, Competition Commission of India (CCI) had on Tuesday penalised the three airlines for Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-7139902932677351442015-11-17T04:06:00.000-08:002015-11-24T04:06:58.188-08:00Air One Aviation waits for long term investor to get wings
THE HINDU,17NOV2015
Air One Aviation Private Ltd - an integrated aviation player which is into air charter business, aircraft maintenance service, aviation consultancy, ground handling, aviation academy and promoted by former Air Sahara President Alok Sharma - is waiting for long term investors to start a schedule national airline in India, the company’s top executive said.
Long term Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-89753732111486288912015-11-13T04:04:00.000-08:002015-11-24T04:05:06.949-08:00Domestic carriers allowed to roll out zero bag fares
THE HINDU,13NOV2015
Air India allows its passengers to carry up to 23 kgs of check-in baggage free-of-cost
Aviation regulator DGCA has now allowed domestic carriers to roll out “zero bag” fares and charge penalty against check-in baggage for tickets booked under such an offer.
At present all domestic private airlines except national carrier Air India allow a flyer to carry up to 15 kgs of Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-62255946492037454142015-11-12T04:01:00.000-08:002015-11-24T04:01:45.534-08:00Infrastructure key to attract FDI in general aviation
THE HINDU,12NOV2015
The Government’s decision to allow 100 per cent Foreign Direct Investment (FDI) in general aviation and ground handling services is likely to benefit these segments as foreign air charter operators and ground handlers with deep pockets and expertise will open up base here or buy out existing players but the policy decision must be backed by infrastructure on the ground feelAerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-82366583396899041012015-11-10T03:59:00.000-08:002015-11-24T03:59:52.540-08:00Boeing, Tata Advanced Systems form JV
THE HINDU,10NOV2015
The JV will initially create a manufacturing center of excellence to produce aerostructures for the AH-64 Apache helicopter
Aviation major Boeing and the Hyderabad-based Tata Advanced Systems Ltd (TASL) have joined hands to manufacture aerostructures, starting with those for the AH-64 Apache helicopter, in India.
Announcing their joint venture, a release from Dubai on Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-78611794165512584482015-11-10T03:57:00.000-08:002015-11-24T03:58:10.987-08:00Jet Airways confirms order for 75 Boeing 737 Max aircraft
THE HINDU,10NOV2015
The deliveries will start from 2018 and transaction will be completely financed and managed through a sale and leaseback arrangement.
Jet Airways confirmed an order for the purchase of 75 Boeing 737 Max aircraft at the Dubai Airshow on Monday.
The order includes options and purchase rights for an additional 50 aircraft. This is the airline’s largest ever fleet order Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-48054934000560831452015-11-09T03:56:00.000-08:002015-11-24T03:56:26.438-08:00Boeing, Tata Group form JV to make aerostructures
THE HINDU,09NOV2015
Collaborate on integrated systems development opportunities as well. The Joint Venture would create a manufacturing centre of excellence to produce aerostructures for the AH-64 Apache Helicopter.
Boeing and Tata Advanced Systems (TASL) have joined hands to manufacture aerostructures for aircraft and collaborate on integrated systems development opportunities in India.
Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-1374387258166598722015-11-09T03:54:00.000-08:002015-11-24T03:54:45.473-08:00Boeing, Tata Group announces aerospace JV in India
THE HINDU,09NOV2015
US aviation major Boeing and Tata Advanced Systems today announced a joint venture that will manufacture aero structures for AH-64 Apache attack choppers, recently ordered by India, and collaborate on integrated systems development opportunities in India.
The joint venture will initially create a manufacturing centre of excellence to produce aero structures for the AH-64 Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-32907586567036836732015-11-01T03:52:00.000-08:002015-11-24T03:52:34.772-08:00Capping regional fares, under proposed RCS scheme, will hurt airlines, says CRISIL
THE HINDU,01NOV2015
As of now, almost 50 per cent of expenses of an airline are due to fuel costs, as total tax on jet fuel is around 45 per cent. Some States levy as high as 30 per cent tax on ATF.
Regional connectivity scheme (RCS), as proposed in the draft aviation policy, is a big negative for the heavily indebted and loss-making airlines as it would cap fares on regional routes, Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-76193780175891713072015-10-29T03:48:00.000-07:002015-11-24T03:49:19.196-08:00Jet Airways Group turns to Q2 profit
HE HINDU,29OCT2015
Jet Airways Group reported net profit of Rs.83 crore for the second quarter ended September 30, as compared to net loss of Rs.42.8 crore in the same period last year.
This is the airline group’s second consecutive profitable quarter in the current financial year and a profitable second quarter after a gap of eight years, Jet Airways, in which Etihad Airways owns 24 per centAerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-25262193733785376282015-10-27T03:46:00.000-07:002015-11-24T03:47:21.759-08:00InterGlobe Aviation IPO hits market; issue subscribed 33%
THE HINDU,27OCT2015
The Rs. 3,018-crore initial public offer (IPO) of IndiGo’s parent InterGlobe Aviation was subscribed 33 per cent till noon on the first day of the issue.
The much-awaited IPO had received bids for 99,26,190 shares against the total issue size of 3,01,22,088 shares, data available with the NSE till 1200 hrs showed.
The portion reserved for qualified institutional buyers Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-43612828013734154492015-10-20T03:44:00.000-07:002015-11-24T03:45:16.269-08:00IndiGo lowers IPO size to Rs 3,018 crore
THE HINDU,20OCT2015
IndiGo’s parent InterGlobe Aviation has reduced its initial share sale size to a little over Rs 3,000 crore, with three of the promoters deciding to sell less number of shares than proposed earlier.
The operator of the profitable no-frills carrier would be hitting the capital market on October 27 and the price band for the offer has been fixed at Rs 700-765.
With three Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-43585434075412675842015-10-19T03:42:00.000-07:002015-11-24T03:43:04.001-08:00IndiGo to retire Rs 1,166cr debt from IPO proceeds
THE HINDU,19OCT2015
Set to hit the capital markets with Rs 3,268 crore IPO next week, InterGlobe Aviation on Monday said it will retire nearly one-third of its total debt of Rs 3,912 crore from the share sale proceeds.
InterGlobe Aviation is the holding company of IndiGo airline. The company said it will retire Rs 1,166 crore out of its Rs 3,912 crore debt from the IPO proceeds.
Stating Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-4681653437964379322015-09-27T17:30:00.000-07:002015-11-24T03:37:08.138-08:00Air India to launch non-stop flight to San Francisco from Dec 2
THE HINDU,27SEP2015
Air India announced the launch of a non-stop flight to San Francisco from December 2, fulfilling a long-pending demand of Indian IT professionals.
“We are launching a direct non-stop flight to the San Francisco on December 2, as there was a demand for it,” Air India CMD, Ashwani Lohani, announced at an event to celebrate the World Tourism Day.
San Francisco will be theAerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-14621147428724976132015-09-14T15:30:00.000-07:002015-11-24T03:31:54.332-08:00125 AI cabin crew members to lose job over weight issues
THE HINDU,14SEP2015
Air India is likely to ground nearly 125 cabin crew personnel, including airhostesses, for not maintaining the weight standards prescribed by the Director-General of Civil Aviation.
Some of them may be assigned ground duty, while others can be offered voluntary retirement, airline sources said.
The national carrier had given an opportunity to around 600 “overweight” Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-67945998702463379022015-09-03T23:30:00.000-07:002015-11-24T03:29:36.556-08:00Airfare cartelisation complaints keep coming up due to nature of industry: CCI Chairman
THE HINDU,03SEP2015
A group of parliamentarians led by BJP leader Kirit Somiya, had met Mr. Chawla and lodged a compliant against the airlines on the pricing practices.
Fair trade regulator Competition Commission of India is looking into the charges of cartelisation among the airlines in fixing airfares and the issue keeps cropping up due to the nature of the industry, its Chairman Ashok Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-77691658945077718672015-09-02T23:30:00.000-07:002015-11-24T03:26:00.744-08:00PM expresses concern over high airfares during festive seasons
THE HINDU,02SEP2015
Last week, Minister of State for Civil Aviation Mahesh Sharma had said the issue of predatory pricing has been a concern for majority of Parliamentarians as well as the Prime Minister.
Prime Minister Narendra Modi has expressed concern over steep rise in airfares during festive seasons and the Civil Aviation Ministry is looking at ways to curb such instances, a senior Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-52227852267639116112015-08-30T13:30:00.000-07:002015-11-24T02:56:56.119-08:00Carlyle looks to sell Landmark Aviation for $1.7 billion
THE HINDU,30AUG2015
Private equity firm Carlyle Group LP has been exploring a sale of aircraft leasing and maintenance company Landmark Aviation for as much as $1.7 billion, including debt, people familiar with the matter said on Friday.
The business jet market is slowly recovering from a downturn sparked by the global financial crisis, helping valuations for companies offering services to Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-40961722030330339692015-08-27T19:00:00.000-07:002015-11-24T02:54:35.746-08:00Modi’s concern over predatory airfares, likely cess on tickets
THE HINDU,27AUG2015
Prime Minister Narendra Modi has expressed serious concern over the predatory pricing by the domestic airlines, an issue that will be addressed shortly by the civil aviation ministry, which is also mulling a two per cent cess on tickets in its new aviation policy.
Civil Aviation Minister Ashok Gajapathi Raju said the new civil aviation policy, which is in the advanced Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-71939829254611298882015-08-21T22:30:00.000-07:002015-11-24T02:50:27.651-08:00'Turnaround man’ Ashwani Lohani to head Air India
THE HINDU,21AUG2015
Ashwani Lohani, an engineer-turned-bureaucrat, was on Thursday appointed Chairman and Managing Director of the struggling state-run carrier Air India.
Mr. Lohani holds four engineering degrees, has authored two books (one on steam engines and the other on management) and is credited with the turnaround of the Madhya Pradesh Tourism Development Corporation and the India Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-48347714933159678012015-08-17T23:30:00.000-07:002015-11-24T02:35:35.210-08:00More aircraft will lead to lower fares: IndiGo President
THE HINDU,17AUG2015
IndiGo placed record 250 aircraft orders with Airbus, keeping in mind the growth potential in India in the next decade or so. And, more aircraft will lead to lower fares, a top official said. “India is a very under-penetrated market. Around 8.4 billion people travel through trains and less than one per cent of them fly. This indicates a huge opportunity in the coming years Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-898263092979165772015-08-12T14:30:00.000-07:002015-11-24T02:32:47.327-08:00AI increases check-in baggage limit to 25 kg
THE HINDU,12AUG2015
Air India on Tuesday increased the free check-in baggage limit to 25 kg for economy passengers travelling in the domestic sector, becoming the first in India to do so.
“This offer is valid from Aug 12, 2015, to Feb 7, 2016, across all fare levels of economy class. Passengers who have booked before August 12, 2015, will also get the benefit of the increased allowance. Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-81108873216525975552015-08-07T23:00:00.000-07:002015-11-24T02:30:32.426-08:00Domestic airlines plan 14 per cent more flights in winter 2015-16
THE HINDU,07AUG2015
Globally, airlines follow a winter and summer schedule. The winter timetable runs from the last Sunday in October to the last Sunday in March of the following year, and the summer schedule extends for the rest of the year.
Flyers within India will have more options, with the domestic airlines planning to operate 13,951 weekly flights during winter schedule, which starts Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com0tag:blogger.com,1999:blog-2848286028251330523.post-62666521831167418172015-08-05T15:30:00.000-07:002015-11-24T02:20:43.459-08:00Air India inducts 534 cabin crew till May 1: Mahesh Sharma
THE HINDU,05AUG2015
Air India has selected a total of 534 candidates to induct them into the airline as part of its plan to hire 800 additional cabin staff, Minister of State for Civil Aviation Mahesh Sharma said in Rajya Sabha today.
The selection process of the 534 candidates for the cabin crew positions has been undertaken through two recruitment exercise, Sharma said in reply to a Aerotech FMS Pvt. Ltd.http://www.blogger.com/profile/07208631983118938689noreply@blogger.com1