Mahindra Aerospace, currently India’s only manufacturer of light aircraft for private/utility use, is preparing to open its new 270,000-sq-ft facility near Bangalore. This will be used for manufacturing metal components, aircraft assemblies and aerostructures, according to executive director and global CEO Arvind Mehra.
India
October 8, 2012 - 10:50am
After failing to reach an agreement with striking engineers and pilots who have not been paid since March this year, India’s Kingfisher Airlines has effectively grounded itself until at least October 12 by locking out staff. Kingfisher’s management, led by owner Vijay Mallya, is trying to renegotiate some $2.49 billion in debt with creditors while it struggles with serious cash-flow problems, evidenced by $1.9 billion in losses for the first half of this year.
July 19, 2012 - 4:25pm
India’s Business Aircraft Operators Association (BAOA) is threatening legal action against financial penalties imposed since July 1 by Mumbai International Airport (MIAL) on transient aircraft parked at Mumbai Chhatrapati Shivaji International Airport beyond an agreed number of days. The penalty is seven times more than the present cost of parking, BAOA said.
The airport, which cannot be expanded beyond its single runway, has been a concern for many years as commercial and business aviation traffic has increased. A second airport is at least seven years away from completion.
May 5, 2012 - 5:50am
After years of frustration, India’s business aviation community is hoping that a new report due to be published in April will trigger a sea change in government policy toward the industry. A team of representatives from the International Civil Aviation Organization (ICAO) and India’s Ministry of Civil Aviation is preparing for business and general aviation in India a blueprint that is expected to form the foundation for a more transparent and consistent approach to both regulating and stimulating the industry.
April 20, 2012 - 2:00pm
Textron Defense Systems will start production of India’s order for 512 CBU-105 sensor fuzed weapons (SFW) soon. The $257.7 million sale was contracted via the U.S. Foreign Military Sales mechanism in November 2010. Encouraged by India’s continuing move away from reliance on Russian weapons, Textron is now marketing other defense systems in the country.
March 29, 2012 - 1:24pm
India’s Directorate of Revenue Intelligence has slapped a $3.3 million penalty and fine on New Delhi-based Bharat Hotels for not paying customs duty on the Embraer Legacy 600 it imported for charter services in 2009. Customs duty in India is 18 percent for private use of aircraft and 2.5 percent for charter operations.
March 28, 2012 - 1:00am
With 154 aircraft, India may still have the Asia Pacific region’s second largest business jet fleet (China has an estimated 215 jets), but the industry’s growth continues to be stunted by a lack of a policy framework that applies to it, as well as by inadequate infrastructure and regulatory barriers.
March 27, 2012 - 4:20am
India’s Directorate of Revenue Intelligence has slapped a $3.3 million penalty and fine on New Delhi-based Bharat Hotels for not paying customs duty on the Embraer Legacy 600 it imported for charter services in 2009.
March 26, 2012 - 3:50pm
India could emerge as the third largest aviation market by 2029, from a ranking of 12th in 2010, according to a new report from the Airports Council International (ACI) at the recent India Aviation show in Hyderabad.
February 4, 2012 - 6:00am
India’s Directorate of Revenue Intelligence (DRI) is scrutinizing approximately 15 Indian companies that it believes are basing their foreign-registered corporate aircraft overseas to evade customs duty and taxes. In particular, the agency has confirmed it is looking at the status of a Boeing 727 owned by the UB Group, Punj Lloyd’s Gulfstream, Essar’s Boeing 737 and Bharat Hotels’ Embraer Legacy 600. Several other corporate jets are also understood to be under investigation.
