SpiceJet raises pilots' salary to Rs 7.5 lakh per month for 75 hours of flying
Making the announcement on the occasion of its 18th anniversary, the Gurgaon-based carrier said that the hike will be applicable from May 16, 2023.Earlier in the day, chairman Ajay Singh informed employees of that the Budget carrier has also initiated the process of reviving its grounded planes with the USD 50 million funds received from the ECLGS scheme and from its internal cash accruals. Key Points
Economic TimesWhat does two US aircraft carriers in the Middle East mean?
The ships act as a deterrent to prevent conflict escalation and add substantial military presence to a region with many U.S. assets. | World News Key Points
Hindustan TimesAircraft lessors approach DGCA to deregister 45 Go First Airways planes
Aircraft lessors on Tuesday approached aviation regulator DGCA to deregister 45 Go First Airways planes. The airlines have a total strength of 55 planes, reported ANI. Key Points
Economic TimesPakistan wants to privatise national airline. It’s the country’s top loss-making entity
Most have applauded the announcement of privatisation. One user sarcastically tweeted to give PIA to the army, 'they are looking to occupy everything that Pakistan has'. Key Points
ThePrintcarrier air conditioners: Top 9 selections for a cooler space
Carrier air conditioners can keep your space cool with the latest features and cooling technologies. We’ve picked out the top 9 options for you to help with your purchase as summer approaches. Key Points
mint
SpiceJet to revive 25 grounded planes
Amid Go First troubles, budget carrier SpiceJet has rolled out its strategy to resurrect 25 of its out-of-service planes. The revival expenses will be funded through the Emergency Credit Line Guarantee Scheme (ECLGS) provided by the government and improved cash inflow. Key Points
The Tribune IndiaMost advanced aircraft carrier, cruiser & 4 destroyers — what is US Navy force sent to support Israel
In US Navy, a carrier Strike Group (CSG) is a naval formation led by an aircraft carrier — USS Gerald R. Ford, in this case — with several surface and subsurface ships. Key Points
ThePrintA day onboard INS Vikrant: Navy's big push for another carrier and new fighter jets
INS Vikrant, India’s largest warship, has been buzzing with activity with 1600 personnel onboard and has been sailing at full capacity. Here’s a look at how the commissioning of India's first indigenous aircraft carrier has boosted the Navy and what is next on the agenda. Key Points
India TodayCBI charges Air India ex-CMD, IBM, SAP in software purchase case
India News: The Central Bureau of Investigation has filed a chargesheet against the then CMD of Air India, Arvind Jadhav, SAP India and IBM India in connection with alleged irregularities in procurement of software worth Rs 225 crore by the national carrier in 2011. Read more about the case and its implications. Key Points
Times Of IndiaThe pilots who ejected underwater – and lived
Taking off from aircraft carriers is never routine, and there have been many accidents. Ejector seats have saved many of these pilots – including some whose planes were already under the water. Key Points
BBC
Maiden flight of LCA Navy Trainer Prototype aircraft successfully conducted
The Light Combat Aircraft (LCA) Naval Trainer Prototype 'NP5' has completed its maiden flight successfully, according to Aeronautical Development Agency (ADA). The prototype NP5 will soon be used for field and carrier operations on both INS Vikramaditya and INS Vikrant. LCA Navy Prototypes are carrier compatible and can operate with Air-to-Air weapons for combat missions. Key Points
Economic TimesDelhi High Court upholds Reliance's inclusion in BPCL-HPCL pipeline case
The Delhi High Court upheld the Appellate Tribunal for Electricity's order allowing Reliance Industries to be made a party in a case regarding the designation of a pipeline by BPCL and HPCL as a common carrier for petroleum transportation. The court dismissed BPCL's appeal, supporting the tribunal's decision. The issue arose when PSU oil companies questioned whether their pipeline, exclusively for ATF transportation, should be a common carrier. RIL argued that since it initiated the process, it has a stake in the matter. The tribunal had allowed RIL to join the proceedings, a decision opposed by the PSU oil firms. Key Points
Economic TimesIndia's IndiGo co-founder Gangwal to sell airline's shares worth $450 million, report says
BENGALURU (Reuters) - Rakesh Gangwal, co-founder of Indian carrier IndiGo, will sell a stake of up to 3.3%, worth 37.3 billion rupees ($451 million), in operator Interglobe Aviation through a block Key Points
ThePrintVideo: Parked airplane spins on runway as huge storm hits Argentina
The Aerolineas Argentinas Boeing 737-700 was seen clipping a set of airstairs with its wing as powerful gusts blew through the airport. The stairs crashed into a luggage carrier. Key Points
India TodayHoneywell expands building safety portfolio with $4.95 billion deal for carrier security unit
US News: Honeywell is set to acquire carrier Global Corp.'s security division for $4.95 billion in a strategic move to strengthen its building automation capab Key Points
Times Of India
SpiceJet Q1 report: Low-cost carrier defers Q4 FY23, Q1 FY24 results till August 14
The carrier, promoted by Ajay Singh, elaborated that the company board could only partially complete the agenda items during its meeting on August 11. After that, it said that it would declare its Q1 results 2023 and Q4FY23 results together on August 14. Key Points
Business TodayCrisis-hit GoFirst grounded for two months; flight cancellation extended till July 10
New Delhi [India], July 4 (ANI): Crisis-hit airline Go First on Tuesday informed that its scheduled flight operations will remain cancelled till July 10 due to operational reasons. The fleet of the cash-strapped carrier has been grounded since May 3. The airline operator filed for voluntary bankruptcy in early May before the National Company Law […] Key Points
ThePrintCanada wildfires spur US air purifier stocks higher - Here's what is happening
Massive forest fires in Canada have caused a haze to cover much of the US, leading to increased sales of air purifiers and masks. Stocks of companies such as Whirlpool and carrier Global have risen as a result. Key Points
mintBoarding gate: Financial investors being tapped to bid for Go First
Several large global structured credit and special situations funds are among potential bidders for the distressed airline. However, it is unlikely there will be many bidders for the airline, so all efforts are being made to bring in a good strategic investor through the National Company Law Tribunal route. Key Points
Economic TimesSanjiv Kapoor, former Jet CEO designate joins Saudia airline
Sanjiv Kapoor joins it at a time when the airline, out of its Covid woes, has major expansion plans in line with the nations ambitions of infrastructure expansion. In March this year, Saudia said it would buy 39 wide-bodied 787 Dreamliner planes from Boeing, while its peer new national carrier Riyadh Air that is currently being set up, ordered the same number. Key Points
Economic Times
INS Vikrant gets back its 'original' 1961 bell
The traditional bell has been part of a glorious history as it was there on the warship when it played a crucial role in bombarding Pakistan in 1971 and blockading the Karachi harbour. The warship was very active during the wars India fought against Pakistan and was deployed at key locations to further the security of the nation. Key Points
Economic Times