With its economic growth slowing, India is urging U.S. companies to invest in its aviation industry. At the recent U.S.-India Aviation Summit in New Delhi, Indian civil aviation minister Nasim Zaidi urged American firms to back plans for some $130 billion in investments over the next 10 to 15 years in areas such as airport infrastructure, maintenance, repair and overhaul facilities, cargo facilities and training centers. The Indian government is willing to see some 30 airports developed under joint ventures or public private partnerships (PPP). The country already permits 100-percent “foreign direct investment” (FDI) in airport projects and some 41 airport projects are already being conducted under PPP terms.
Shares in cash-strapped Indian carrier Kingfisher Airline fell by almost 18 percent on November 18 as company chairman Vijay Mallya worked to secure new short- and long-term funding amid reports of further routes being cut and flights cancelled. On November 17, Mallya confirmed that he is negotiating with an undisclosed high-net-worth individual in India with a view to injecting approximately $250 million into Kingfisher.
Indian low-cost carrier SpiceJet took delivery of its fourth Q400 NextGen on September 7 and planned to deploy it late last month along with three others it received starting in late August. A delay in clearance from the Reserve Bank of India forced a postponement of first deliveries from July to the last week of August.
Another bumper day at the Paris Air Show saw more than $27 billion worth of orders (firm and memorandums of understanding) for commercial airliners placed by airlines desperate to get the best deals they can before the upturn really kicks in. Airbus had another great day with a raft of new A320neo orders to add to its show tally.
Airbus announced that Comlux America has been appointed an Airbus cabin outfitter in the U.S., following a detailed audit of the Indianapolis, Indiana-based company. The addition of Comlux America to the Airbus-approved VIP cabin outfitting network brings the list of approved outfitters to nine.
Dubai-based Aviation Services Management (ASM) recently opened a new branch in Mumbai, the company’s second in India, to accommodate an increasing number of high-net-worth individuals taking advantage of corporate jet travel. The operation is staff by a team of six sales representatives.
Airbus has rebranded its corporate jets division as Airbus ACJ, with new aircraft colors and clearer, more consistent names. Each model in the company’s stable of corporate jet offerings will now be preceded by “ACJ,” with the A318 becoming the ACJ318 and so on, all the way up to the mega-mother of all bizliners, the ACJ380.
Comlux The Aviation Group (Chalet A18) has established a new commercial office to oversee its operations in the Gulf region. Based in Bahrain, Comlux Middle East has begun operations with two Airbus Corporate Jets. The division expects to receive an Airbus A320 Prestige in January.
Comlux The Aviation Group has opened Comlux Middle East, based in the Kingdom of Bahrain, and is adding greater substance to a portfolio of aircraft management and executive charter services in the region.
Indian low-fare carrier SpiceJet plans to buy as many as 30 Q400 turboprops from Bombardier in a deal worth up to $900 million.
“The [SpiceJet] board has approved a firm order for 15 and 15 on option,” SpiceJet CEO Neil Mills told AIN. “It has gone to the aircraft review committee and we expect to sign the agreement most probably by the end of [November]. We expect the deliveries to commence from June 2011.