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 Turbine Fuel News & Updates
New Delhi, May 1 (IANS) The price of a 19-kg commercial LPG cylinder has been increased by Rs 993, starting Friday, and after the revision, a 19-kg cylinder will now cost Rs 3,071.5 in Delhi.However, there has been no change in the price of domestic LPG cylinders for 33 crore users, the Indian Oil Corporation (IOC) said in a statement.This is the third time that the price of a 19-kg commercial LPG cylinder has been increased since February 28, when the US-Israel and Iran war began.It first saw a…
New Delhi, April 30 (IANS) AIMIM chief Asaduddin Owaisi on Thursday criticised a fresh circular issued by the Haj Committee of India that asks pilgrims to pay an additional Rs 10,000 as differential airfare, citing the ongoing crisis in West Asia, and demanded that the directive be withdrawn with refunds issued to those affected.He pointed out that the extra charge is being imposed after an amount of Rs 90,844 per pilgrim has already been collected from those departing from Mumbai, raising conce…
New Delhi, April 28 (IANS) Indian airlines are likely to take a call on capacity cuts after the next ATF revision, as a sharp increase in jet fuel prices could force them to rationalise operations, particularly on less profitable routes, according to a report on Tuesday.Domestic carriers are in a wait-and-watch mode as they assess the impact of rising Aviation Turbine Fuel (ATF) prices and prepare for possible changes following the next price revision due in May, NDTV Profit reported.The report …
Mumbai, April 27 (IANS) Shares of InterGlobe Aviation Limited, the parent of IndiGo, opened flat with negative bias on Monday, as global brokerage UBS downgraded the stock and trimmed its price target, citing rising macroeconomic headwinds and sustained pressure on airline profitability. However, it recovered from early losses and were trading at Rs 4,560.50, down by Rs 37.40 or 0.83 per cent during noon trade.UBS lowered its rating on the stock to “neutral” from “buy” and cut its price …
New Delhi, April 23 (IANS) The government has issued a notification to permit the use of Aviation Turbine Fuel blended with Sustainable Aviation Fuel (SAF) for fuelling aircraft with the aim of reducing emissions from international flights, the Ministry of Petroleum and Natural Gas announced on Thursday. “The Government has notified an amendment to the Aviation Turbine Fuel (ATF) (Regulation of Marketing) Order, 2001 (ATF Control Order) vide notification dated April 17, 2026. The amendment has b…
New Delhi, April 7 (IANS) The government has granted special permission to foreign carriers such as Emirates, Kuwait Airways, and Jazeera Airways to operate passenger aircraft for all-cargo services to ensure seamless continuity of critical cargo movement despite the ongoing disruptions due to the Iran war, according to a statement issued by the Ministry of Civil Aviation on Tuesday.The Indian aviation sector is currently navigating a serious operational and financial situation triggered by the …
New Delhi, April 2 (IANS) Round-the-clock monitoring and calibrated response must for India to stay prepared and deal with any eventuality amid the evolving West Asia crisis, Defence Minister Rajnath Singh said on Thursday.The second meeting of the Informal Group of Ministers (IGoM), set-up to monitor the evolving situation in West Asia and suggest proactive measures for its minimum impact on India, was held under the chairmanship of Rajnath Singh here.The meeting deliberated upon the recent dev…
New Delhi, April 2 (IANS) The Centre has rolled out a series of relief measures aimed at shielding Indian industry and consumers from the adverse economic impact of the Iran war, which has disrupted supply chains and hit exports.The Finance Ministry has outlined steps spanning customs duty cuts for key raw materials, export incentives, fuel price controls, and financial support mechanisms, with a focus on ensuring stability across key sectors.The Government has allowed Special Economic Zone (SEZ…
New Delhi, April 1 (IANS) Civil Aviation Minister Ram Mohan Naidu on Wednesday said our airports are India’s identity card to the world, with global standards of innovation and architecture deeply rooted in local heritage, signifying ‘Vikas Bhi Virasat Bhi’.Speaking at the 31st Annual Day of the Airports Authority of India (AAI) here, he said AAI stands as the backbone of Prime Minister Narendra Modi’s UDAN vision by making air travel accessible across the vast and varied terrains of the…