Gandhinagar, May 8 (IANS) Union Minister of Civil Aviation Ram Mohan Naidu Kinjarapu said on Friday that India’s commercial airlines currently have outstanding deliveries of 1,640 aircraft, which translates into a $50 billion opportunity for the country’s leasing ecosystem over the coming decade. Addressing the India Aircraft Leasing and Financing Summit 2.0 at GIFT City here, the minister said India’s commercial aircraft fleet is expected to reach 1,100 aircraft by 2027 and expand to o…
Latest Aviation Sector News & Updates
Gandhinagar, May 8 (IANS) Union Civil Aviation Minister Kinjarapu Ram Mohan Naidu said on Friday that seaplane operations will soon begin in Lakshadweep as part of India’s broader strategy to enhance regional air connectivity and diversify aviation infrastructure. Addressing the gathering at ‘India Aircraft Leasing and Financing Summit 2.0’ in GIFT City, the Union Minister added: “India’s aviation expansion is no longer limited to traditional aircraft operations but is extending to helicopters, …
Gandhinagar, May 8 (IANS) More than 370 aviation assets worth nearly $5.8 billion have been leased through the International Financial Services Centre (IFSC) at GIFT City, Gujarat Chief Minister Bhupendra Patel, said on Friday while addressing the India Aircraft Leasing and Financing Summit 2.0.Speaking at the summit in GIFT City, Patel said the aviation leasing sector in India was expanding rapidly and that the IFSC had emerged as a major platform for aircraft leasing and financing activity in …
New Delhi, May 7 (IANS) Operation Sindoor deepened Pakistan’s economic stress in 2026, with investor sentiment, tourism, the aviation sector and exports emerging as major casualties of the military initiative, a report has said.The report by Greek media house Greece City Times said the May 2025 military operation raised inflation, slowed growth, eroded confidence and worsened the country’s already fragile macroeconomic fundamentals.It intensified uncertainty for an economy already grappling …
New Delhi, May 6 (IANS) The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 will help preserve industrial continuity, jobs and strengthen liquidity access for businesses, particularly micro, small and medium enterprises (MSMEs), industry chambers said on Wednesday.Rajeev Juneja, President, PHDCCI, welcomed the scheme as a timely initiative to address pressures from the ongoing West Asia crisis.”ECLGS is designed to address temporary liquidity shortages faced by industries during periods of ec…
New Delhi, April 29 (IANS) The government has proposed widening the definition of automotive fuels to include higher blends of ethanol and biodiesel, as part of efforts to promote cleaner and more diversified energy use in the transport sector, according to a draft notification issued by the Ministry of Road Transport and Highways.The draft seeks amendments to the Central Motor Vehicles Rules, 1989, to enable the use of ethanol blends up to 100 per cent (E100) and 85 per cent (E85), along with b…
New Delhi, April 27 (IANS) The Centre is considering a Rs 5,000 crore credit support scheme for the aviation sector as part of a broader relief package aimed at cushioning industries impacted by ongoing geopolitical tensions, according to a report.NDTV Profit reported that the proposed scheme is likely to be rolled out under the Emergency Credit Line Guarantee Scheme (ECLGS) framework, with the government working on an expanded package of around Rs 2.5 lakh crore to support multiple affected sec…
New Delhi, April 19 (IANS) India’s aerospace and aviation sector is at an inflection point with huge potential for growth driven by aerospace and defense manufacturing sector in India, and listed technology, particularly AI, global competitiveness, safety and efficiency, experts have said.Industry leaders and policymakers at the International Conference on Future of Aviation and Aerospace (FOAA) urged collaborative efforts to move beyond assembly to higher‑value design and lifecycle services…
New Delhi, April 8 (IANS) Civil Aviation Minister Ram Mohan Naidu on Wednesday announced a 25 per cent cut in landing and parking charges for domestic airlines at the country’s airports so that airfares for passengers remain at affordable levels amid the rise in jet fuel prices in the wake of the Middle East conflict. The minister said that the measure is expected to reduce landing and parking charges payable by airlines at major airports during the three-month period by approximately Rs 400 c…
Rio de Janeiro, April 7 (IANS) Brazilian President Luiz Inacio Lula da Silva launched a package of measures designed to cushion the impact of international energy price volatility on Brazil’s economy.The president on Monday signed a series of decrees to provide immediate relief to consumers and businesses, while strengthening the country’s energy security and reducing Brazil’s exposure to external shocks.A major part of the package was a diesel subsidy, crucial for freight transport in the count…