Civil aviation ministry on Wednesday issued no objection certificate (NOC) to the Tata-Singapore Airlines (SIA) joint venture (JV), clearing the final hurdle for the proposed airline's take off.
Ajit Singh civil aviation ministry gave NOC to the Tata-SIA JV in less than a week after the Union home ministry gave its approved security clearances to the JV's three board members. Of the three directors, one will be a foreigner and two will be Indians.
Hyderabad, March 12 - Boeing and SpiceJet Wednesday signed $4.4 billion (Rs. 26,000 crore) deal for 42 737 MAX 8s.
The mega deal was signed at the inauguration of India Aviation 2014, country's largest civil aviation event, here.
The first of the 42 aircraft ordered by SpiceJet will be delivered in 2018, Dinesh Keskar, senior vice president of Asia Pacific and India Sales, Boeing Commercial Airplanes, told reporters.
Keskar and S. L. Narayanan, Group CFO for The Sun Group signed the deal in the presence of Civil Aviation Minister Ajit Singh. (IANS)
New Delhi, March 11 : The fourth international exhibition and conference on civil aviation, India Aviation-2014, will be held at Begumpet Airport in Hyderabad from March 12-16.
More than 250 exhibitors including Airbus, Boeing, Bombardier, Dassault and Rolls Royce are participating in the event. The biggest aircraft in the world, Airbus A-380 and Dreamliner Boeing 787, will be special attractions at the air show.
The show will be open to the general public on March 15 and 16. The initial three days are reserved exclusively for the business community in which big deals are expected to be signed.
Indian aviation authorities will meet over the next few days to discuss Dubai's proposal for increasing seat capacity by 20 per cent, Civil Aviation Minister Ajit Singh has confirmed.
The aviation ministry is expected to grant Dubai additional capacity of 10,000 seats per week. Dubai has been asking for an increase of at least 20,000 seats, but sources said it will likely get only half of that.
Bangalore International Airport has been renamed as Kempe Gowda International Airport, after the garden city's founder Kempe Gowda.
Kempe Gowda was a chieftain under the Vijayanagara Empire during the 16th century. Union Civil Aviation Minister Ajit Singh, who inaugurated a new terminal at the airport, termed the renaming of the airport after Kempe gowda as an apt tribute to the 16th century chieftain.
Equity infusion in cash-strapped airline Air India by the government has neither been adequate nor timely, Civil Aviation Minister Ajit Singh admitted.
The government has infused Rs 12,200 crore into Air India over the past three years, but the national carrier there is still a shortfall of Rs 3,574 crore in equity infusion.
Mr. Ajit said that inadequacy of equity infusion by the government would cause additional interest burden to Air India because the carrier had to seek short-term working capital loans from the lenders.
Though political pressure forced Civil Aviation Minister Ajit Singh to backtrack from his remarks that national carrier Air India should be privatized, yet many experts still believe that the government-run carrier really needs to be privatized.
Centre for Asia Pacific Aviation (CAPA), a civil aviation consultancy firm, said in its recently-published report that despite an improvement in Air India's performance it ruled out the possibility of the carrier's return to profitability.
Taking a U-turn, Civil Aviation Minister Ajit Singh on Sunday said the government had no intention to privatize Air India.
Earlier, Mr. Ajit had said that the union government could explore the possibility of privatizing the loss-making national carrier as it was very difficult for the government to run a highly-competitive service industry.
New Delhi, Oct 4 : Terming the Jet-Etihad deal as a positive for the struggling Indian civil aviation sector, Civil Aviation Minister Ajit Singh Friday said the alliance will provide passengers multiple options and open possibilities of India becoming a travel hub.
"This alliance between Jet-Etihad is positive for the industry. It will ultimately benefit the passengers and grow the sector further," Singh told IANS.
New Delhi, Sep 20 : A Muslim leader has urged Civil Aviation Minister Ajit Singh to help the thousands of Muslims who fled their villages after the riots in Uttar Pradesh to return to their homes.
Maulana Syed Jalaluddin Umari, president of Jamaat-e-Islami Hind, made the appeal at the head of a delegation to Ajit Singh, who leads the Rashtriya Lok Dal (RLD), a Jamaat statement said.
Ajit Singh and RLD command a sizeable influence in western Uttar Pradesh, where communal riots engulfed Muzaffarnagar earlier this month, leaving at least 40 people dead.
New Delhi, Sep 19 : Civil Aviation Minister Ajit Singh Thursday said he came to know about the joint venture between Tata Sons and Singapore Airlines to start a full service carrier in India only in the morning.
"I was just informed this morning through a courtesy call" by the Tatas, Ajit Singh told IANS.
"They (Tata Sons and SIA) will apply to the FIPB (foreign investment promotion board). Apart from this, I cannot comment any further. The application will have to take its due procedural course."
New Delhi, Sep 10 : Civil Aviation Minister Ajit Singh Tuesday asked state governments to reduce the value added tax (VAT) on jet fuel to spur air travel and growth in the sector which has been suffering from cost escalation and the general economic slowdown.
"My request to you all will be that you should take up with your government to reduce VAT," Singh told State government representatives who had gathered here to discuss reducing the levy, improvements in air connectivity and development of low-cost airports.
The Foreign Investment Promotion Board (FIPB) and capital market regulator Securities & Exchange Board of India (SEBI) will have the final say in the Jet-Etihad deal, Civil Aviation Minister Ajit Singh said on Tuesday.
Jet Airways has sold 24 per cent stake to Abu Dhabi-based Etihad Airways for Rs 2,058 crore, subject to regulatory approvals.
Last month, the FIPB postpone its decision on the deal, saying it needed more clarity on ownership structure of Jet Airways after the implementation of the deal.
Civil Aviation Minister Ajit Singh on Thursday met Congress chief Sonia Gandhi in the backdrop of the controversy over Jet-Etihad deal.
While Mr. Ajit claimed that he met Mrs. Sonia to invite her for a function about a proposed civil aviation university in Rae Bareli, sources said that the minister also discussed the Jet-Etihad controversy and expressed his discontent over the PMO press release that distinguished the stake sale deal from the government's bilateral air services accord with Abu Dhabi.
New Delhi, July 2 : Civil Aviation Minister Ajit Singh Tuesday defended the nearly Rs. 2,000 crore deal between Jet Airways and Abu Dhabi-based carrier Etihad, saying the investment is important for India and opposition to the pact is politically motivated.
"Those opposing the deal are long on politics and short on facts," Ajit Singh told reporters when asked about the widespread opposition to the deal.
"It is such an important deal, the first big deal in civil aviation ministry. In terms of FDI, it is bigger than any other deal this year. There are so many dimensions to it," Ajit Singh said.
New Delhi, July 2 : AirAsia is hopeful of making flying in India more affordable by bringing down airfares and improving networks, chief executive officer Tony Fernandes said Tuesday.
He said the company is aiming to launch its operation in India from October.
"We came to apprise the minister about the developments that have taken place," Fernandes told reporters after meeting Civil Aviation Minister Ajit Singh at his official residence here.
New Delhi, July 2 : A year after allowing domestic airlines to directly import aviation fuel to save on costs, Civil Aviation Minister Ajit Singh has said that he expected budget carrier SpiceJet to be the first to opt for this.
"We have allowed them (airlines) to directly import fuel by entering into tie-ups with other companies. I expect SpiceJet to be the first to directly import the fuel. When they will start is up to them," Ajit Singh told IANS in an interview.
SpiceJet was also the first private carrier to get approval to directly import fuel.
Boeing 787 Dreamliner aircrafts will emerge as a game changer for state-owned carrier Air India, Civil Aviation Minister Ajit Singh said.
Speaking to reporters in London, Singh praised Dreamliners for their fuel efficiency, new technology and passenger friendly features.
Praising the Boeing Dreamliner, he said, "The B787s will be game changer for Air India. The Dreamliners are very fuel efficient, have new technology and are passenger friendly. They would improve our performance."
Civil aviation ministry recently announced that public sector oil company Indian Oil Corp (IOC) would sell jet fuel to government-owned carrier Air India at a discount of 8 per cent, a development that belies Aviation Minister Ajit Singh's claim that he can't think of particular airline while a taking policy decision.
IOC will charge the government-owned carrier a whopping Rs 5,300 lower per kilometer than the market rate.
The public sector oil company agreed to offer the discount following discussions between civil aviation and petroleum ministries.
AirAsia India's application to launch its operations in India will be cleared as soon as it submits all the required data, Civil Aviation Minister Ajit Singh said on Friday.
Mr. Singh said that the proposed airline had already submitted the application, and the ministry was scrutinizing it.
Speaking on the topic, he said, "When all the data is there, I can tell you, the Ministry is very active, proactive. If we get all the required data it should be cleared very soon."