Airlines News & Analysis
Paramount Airways to expand to tier II & III cities
Friday, 19 February 2010 05:55
Paramount Airways, the Chennai based business class airlines is planning to focus its business towards tier II & III cities – Pondicherry, Bellary, Mysore, Salem etc.,. It plans to acquire Airbus, Embraer for overseas routes and turboprops for tier II & III cities. Airbus will be inducted by October 2010. The company had been toying with an idea of venturing into hospitality sector and as of now no decision had been taken now. Its current market share is at around 2% and it plans to increase it to 10% by next year.
FDI in Airlines likely to be opened after 10 years
Sunday, 15 February 2009 08:06
Civil Aviation minister, Mr. Praful Kumar, told reporters that the government may consider allowing FDI investment in domestic airlines. This will be a major policy change after holding it for more than 10 years. With many analysts betting on growth in Asian aviation amidst the plunge globally, this move will be of interest to foreign airlines, particular to Singapore Airlines, Virgin Atlantic etc., who have eyeing India market for long.Technical hitch delays AI and IA merger
Sunday, 15 February 2009 08:04
Hyderabad airport to get MRO facility
Saturday, 28 February 2009 15:47
GMR Hyderabad Airport International and Malaysian Aerospace Engineering in 50:50 joint-venture to set up maintenance, repair and overhaul facility in Aerospace park at Rajiv Gandhi International airport. A new company in the name & style of MAS-GMR Aerospace Engineering Co Ltd has been formed to set up this facility. It will become operational by end of 2010 and can service 80 aircraft annually. It is being built specifically for Indian aircrafts in mind and provide base maintenance services and C-checks for Boeing 737 and Airbus A320. Indian airlines like Jet Airways and IndiGo can use this facility to fly abroad even for smaller work like peel of painting.
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