AI To Introduce New Flights From March 28 (11-Mar-2010)
Air India is eyeing to introduce new flights from 28 March 2010, also it is planning to increase the frequency of flights on various sectors from the same period.
Mr. Praful Patel, Civil Aviation Minster of India said that Air India would be launching new flights on Delhi-Coimbatore-Delhi sector, Delhi-Kozhikode-Mangalore-Delhi sectors, Delhi-Amritsar-Delhi and Delhi-Dehradun-Delhi sectors from 28 March.
Mr. Patel said payments of Productivity Linked Incentives (PLI) to the Directors of National Aviation Company of India Ltd. (NACIL), which runs Air India, have been restored.
This move came as a decision of the Sub-committee of the airline''s Board of Directors, formed to examine and suggest measures for wage reduction or rationalisation of its employee, was pending.
Air India is establishing Maintenance, Repair and Overhaul (MRO) facility at Nagpur, with Boeing, to undertake major checks of Boeing''s B777 and B787 aircraft, and one at Thiruvananthapuram for B737 aircraft.
Last week, Air India and GE Aviation has announced to jointly invest $90 mn to establish a Maintenance, Repair and Overhaul (MRO) facility in Mumbai.
Mr. Nalin Jain, Director (Indian Operations) of GE Aviation said that the company will invest $20 mn, while the remaining amount would be pumped in by Air India. GE''s investment will be spread over 7-8 years.
Both the companies has entered into an agreement, under which Air India will be licensed to perform MRO work on the GEnx-1B engine, which powers Boeing 787 aircraft. Also the GE Aviation will provide technical support to Air India.
Air India has ordered 27 GEnx-1B powered 787 planes.
Mr. Arvind Jadhav, Chairman and MD of Air India said Air India predicts a state-of-the-art facility catering to GE 90 and GEnx engines, including a new engine testing facility. He said Air India''s strong collaboration with GE will enhance the visibility of the facility across the globe and result in India becoming one of the major engine MRO players.
At present, GE has an order build up of 250 engines from India.
Meanwhile, the government last month approved Rs 800 crore equity infusion into Air India.
However, previously, the government had approved equity infusion of Rs 800 crore in Air India.
Air India incurred a loss of Rs 7,226 crore during the last 2 fiscals and had incurred a loss of Rs 2,226.16 crore during 2007-08 while it has expected to incur a loss of Rs 5,000 crore during the year 2008-09.
Previously, it was said that several pilots flying these air craft, are also on their way out, as national carrier Air India plans to phase out Boeing 747-400 and A-310 freighters.
Air India has already terminated the service contracts of 30 senior most commanders flying these planes and many more are on the chopping block.
Air India has proposed to construct a new hanger for carrying out major checks of B777 and B787 aircraft at Delhi.
NACIL has an MRO facility for undertaking majors checks of B747-400 and Airbus A310 aircraft at Mumbai.
NACIL is the holding company formed after the merger of Air India and erstwhile Indian Airlines while Air India had embarked on a time-bound operational and financial turnaround plan, which envisages pruning costs, increasing yields and making profits.
Air India Ltd. is the national airline of India based in Mumbai, flying a worldwide network of passenger and cargo services with 159 airplanes. The National Aviation Company of India Limited administers the state-owned Air India and Indian Airlines merger.
Top News Today
 The government has hiked the prices of petrol and diesel marginally across the country with effect from Tuesday midnight to accommodate the demand of retail dealers for higher commissions. Prices of petrol
 Aditya Birla Nuvo’s subsidiary Aditya Birla Finance has received capital infusion of Rs 300 crore from its promoter group for its business expansion plans.
The fresh fund will help the company in meeting
 The Reserve Bank of India (RBI) has urged the ministry of corporate affairs to exempt the scheduled banks from the class action suits that formulate a part of the proposed new Companies Act. The proposed
|
Live Market Discussions With Site Visitors
|
|
|