High-powered committee to implement breaks for food, nature's call for train drivers
The Economic Times » Transportation Industry
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10h ago
The Ministry of Labour has constituted a high-powered committee to work out the modalities "to provide defined time intervals for food and attending calls of the nature while on duty for the Loco Running Staff of the Indian Railway". The initiative is in line with the International Labour Organisation's (ILO) Hours of Work (Industry) Convention, 1919, which has been ratified by India ..read more
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Go First planes need engines, spare parts; lessors to take longer to fly them out of India
The Economic Times » Transportation Industry
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18h ago
Industry experts anticipate that it will take longer for lessors to remove Go First's 54 deregistered planes from the country due to engine and spare parts requirements. The majority of these planes, stopped in May 2023, need maintenance and approvals for flight after being grounded for a year ..read more
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Air India's Airbus A350 marks International debut
The Economic Times » Transportation Industry
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20h ago
The launch of flight on this route marks the international debut of Air India's recently acquired aircrafts, making it the sole carrier to operate the A350 between India and Dubai ..read more
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Adani Ports guides for Rs 10,500-11,500 cr capex in FY25, banks on Gopalpur Port to achieve 500 MMT cargo volumes
The Economic Times » Transportation Industry
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20h ago
Adani Ports and Special Economic Zone (APSEZ) plans a capital expenditure of Rs 10,500-11,500 crore in FY25. Acquisition of Gopalpur Port aims to boost cargo volumes by 500 MMT. FY25 targets include 460-480 MMT cargo volumes and Rs 29,000-31,000 crore revenue. EBITDA expected at Rs 17,000-18,000 crore with net debt to EBITDA ratio around 2.2-2.5x ..read more
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Adani Ports and Special Economic Zone handles 36.2 MMT cargo globally in April
The Economic Times » Transportation Industry
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20h ago
Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 12% YoY growth in April, handling 36.2 million MMT of cargo across most domestic ports. The growth was recorded across dry (+7% YoY), liquid & gas (+29%), and container (+14%) categories. APSEZ, part of Adani Group, is India's largest port developer and operator ..read more
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IndiGo gets tax demand related to input tax credit
The Economic Times » Transportation Industry
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2d ago
​The demand has been issued by the Deputy Commissioner of the tax department in Hyderabad. "The tax officer has denied input tax credit of Rs 21,240 availed by the company and raised the... demand," the filing said ..read more
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DGCA starts deregistering Go First planes, a year after the airline shut down
The Economic Times » Transportation Industry
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2d ago
The Directorate General of Civil Aviation (DGCA) has deregistered all 54 aircraft of Go First, offering relief to aircraft leasing companies. This action comes 364 days after the Wadia-owned company filed for bankruptcy. Following a directive from the Delhi High Court, DGCA processed the deregistration applications within five working days. Lessors, backed by major banks, had to navigate a legal battle to reclaim their aircraft, which had been restrained during the insolvency process ..read more
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Pay Rs 50 cr to engine lessors or face grounding: Delhi High Court's 'one last opportunity' to SpiceJet
The Economic Times » Transportation Industry
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2d ago
The Delhi High Court granted SpiceJet "one last opportunity" to pay Rs 50 crore to its engine lessors, Team France and Sunbird France, or face grounding of two engines. Justice Pratibha Singh instructed SpiceJet's counsel to confirm by Friday a reasonable timeframe for payment and whether one grounded engine can be returned. SpiceJet owes $10.84 million, having paid over $5 million since December ..read more
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Vistara flight makes emergency landing at Bhubaneswar airport, passengers safe
The Economic Times » Transportation Industry
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2d ago
The New Delhi-bound Vistara flight landed back at the Biju Patnaik International Airport (BPIA) here barely 10 minutes after taking off, the officials said. The aircraft's windshield developed a crack due to the hailstorm that lashed several parts of Odisha this afternoon ..read more
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India among top 5 developing countries in aviation emissions in 2019, study finds
The Economic Times » Transportation Industry
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2d ago
The research team at the Norwegian University of Science and Technology also found that India's share in global CO2 emissions from domestic aviation was the third highest at 1.5 per cent. "The countries with the highest absolute domestic aviation CO2 emissions (global percentage share in total CO2 aviation emissions in parentheses) are the USA (13.4 per cent), China (8.9 per cent), India (1.5 per cent), Russia (1.2 per cent), and Japan (1.1 per cent)," the authors wrote ..read more
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