The Civil Aviation Minister Shri Ajit Singh announced that the Government today approved the proposal to hive off Maintenance, Repair & Overhaul (MRO) business of Air India Engineering Services Limited to tap the potential of nearly US$ 1.5 billion MRO business in the Asia Pacific Region. The Turn Around Plan (TAP) & Financial Restructuring Plan

Ch Ajit Singh, the Minister of Civil Aviation informed Rajya Sabha today in a written reply that Bilateral Air Services Agreements concluded with various foreign countries provide the legal framework for operations of air services between countries. Indian carriers are free to mount services from any point in India to foreign destinations as per the

Import of Aviation Turbine Fuel (ATF) bearing ITC (HS) Code 2710 19 20 is under STE regime. Therefore, only certain State Trading Enterprises (STEs) of Government of India are permitted to import ATF as of now. Representations have been received to permit airlines to import ATF directly. The matter has been under consideration.
Group of Ministers(GOM)

An Australian delegation led by H.E. Ted Baillieu, the Premier of Victoria today called on Ch. Ajit Singh, the Minister of Civil Aviation in New Delhi.
The delegation, among other things, discussed the proposed launch of direct air services by the Air India from New Delhi to Melbourne. The Victorian Premier Mr. Baillieu mentioned that there

Royal Caribbean International and Kingfisher Airlines have formed an alliance that will offer customers conveniently bundled vacation packages as well as enhanced member benefits for members of King Club, Kingfisher Airlines’ loyalty program.
Kingfisher Airlines is one of India’s market-leading airlines and is a member-elect of the world’s leading quality airline alliance, oneworld. Royal Caribbean International

Turkey’s Celebi Holdings is to invest $100 million in its ground handling business in India by the second quarter of financial year 2012-13. The Turkish firm is an airport services provider. Celebi Holdings Vice-Chairman Canan Celebioglu Tokgoz said India provides a lot of opportunity and the firm is keen on making the country its second

Mahindra Aerospace Pvt Ltd has announced it is looking for a strategic investor, including OEMs and tier I suppliers that will help Mahindra Aerospace Pvt Ltd access both customers and technology. The firm is investing Rs.284 crore in a 20-acre new manufacturing unit at Narsapura in Karnataka for components, assemblies and aerostructures.
Mahindra Aerospace Pvt Ltd

The Integrated Helicopter Services Private Ltd (IHSPL) has established a new service centre for all type of civil Russia-made helicopters in India.  The Indo-Russian Maintenance and Repair venture was established by Russian Helicopters, a part of United Industrial Corporation (UIC) Oboronprom, and Indian company Vectra Group.
S.B. Prasher, CEO, Integrated Helicopter Services Pvt. Ltd said the

The Financial Chronicle reported Tuesday that ONGC is mulling an increase of its stake in Pawan Hans Helicopters Limited (PHHL). The move will see the firm’s shareholding rise from 21.5% to 49%, by buying additional 27.5% for around Rs.96 Crore. With the deal, the Indian government’s stake will come down to 51% from its current

Tata Advanced Systems Ltd, a subsidiary of Indian auto manufacturing giant Tata reported it had acquired a 74 per cent stake in Hyderabad based avionics firm HBL Elta Avionics Systems Pvt Ltd. HBL Elta Avionics Systems Pvt Ltd’s remaining 26 per cent stake remains under its foreign partner ELTA Systems, a unit of Israel Aerospace