TATAS
Tata Technologies to drive aerospace growth amid supply chain crisis, airline cabin refurbishments
Tata Technologies is set to experience significant growth in the aerospace sector due to a supply chain crisis. The company has partnered with major aircraft manufacturers and MRO firms to expedite processes, focusing on cabin refurbishments and productivity improvements. This growth is driven by rising demand for premium seating among leisure travelers.
Boeing strike hits production: Akasa Air, Air India Express, and SpiceJet bracing for impact
Thousands of Boeing workers have gone on strike after rejecting the company's contract offer, marking the first strike in 16 years. This disruption could affect airplane production and deliveries, impacting Indian airlines like Akasa Air, Air India Express, and SpiceJet. Both Boeing and the union are expected to return to negotiations soon.
Shares of Tata Power rise as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 399.78.
CCI approves Tata Motors Finance merger with Tata Capital
The Competition Commission of India has approved the merger of Tata Motor Finance with Tata Capital. This merger, announced in June, will result in Tata Motors holding a 4.7% stake in the merged entity. The move aligns with Tata Motors' strategy to exit non-core businesses and focus on emerging technologies and products.
AI Express to phase out business class seats next year; to have around 100 planes by December-end
Air India Express plans to remove business class seats from its aircraft by 2025 as it completes its merger with AIX Connect. The airline currently operates a fleet of 85 planes, expected to grow to around 100 by year-end. This change aligns with the carrier's operational model amid increasing air traffic demand.
IIT Guwahati and Airbus join forces to advance aviation and logistics education in Assam
IIT Guwahati has partnered with Airbus India to advance aviation and logistics education in Assam. This collaboration aims to enhance employment opportunities and service quality in the region, aligning with India's UDAAN Scheme. A Global Skilling Centre will be established to address the shortage of skilled professionals in these sectors.
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Vistara-Air India merger: Hamish Maxwell to be new COO of merged AIX, Pushpinder Singh goes back to parent Air India
Hamish Maxwell, currently Senior Vice President of Flight Operations at Vistara, is set to become the Chief Operations Officer (COO) of the merged AIX, following the integration of Air India Express and AIX Connect (formerly AirAsia India). Maxwell, who has previously worked with Singapore Airlines and played a key role in Vistara's growth, will lead AIX through its next phase of growth and transformation.
Air India to soon introduce Wi-Fi onboard flights
The Tata Group-owned airline, which has embarked on an ambitious transformation journey, on Sunday commenced services between Delhi and London Heathrow with the A350-900 plane. The flight will be operated twice a day on the route, a release said on Monday. Its A350 aircraft feature 28 private suites with full-flat beds in business, 24 seats in premium economy and 264 economy seats.
Vistara operations to end November 12; Air India to manage all flights
Vistara announced on Friday that from November 12, Air India will take over its aircraft and passengers as the merger of the Tata Group-owned airlines nears completion. Starting September 3, Vistara bookings for travel post-November 12 will be redirected to Air India. Singapore Airlines, which holds a 49% stake in Vistara, has received approval to acquire a 25.1% stake in Air India, with the merger expected by year-end. This consolidation aims to strengthen the combined entity's position in India’s aviation market.
Centre okays Singapore Airlines' FDI proposal for Air India-Vistara merger
Singapore Airlines has secured approval from the Indian government for its foreign direct investment as part of the merger between Vistara and Air India. The merger, announced in November 2022, aims to create a dominant full-service airline. SIA will hold a 25.1% stake in the combined entity, expecting completion by the end of 2024.
Vistara-Air India Merger: Final FDI approval expected soon, merger likely after Diwali
Vistara's merger into Air India is all set to secure Singapore Airlines' FDI approval for a 25.1% stake. With Tata Group retaining 74.9%, the merger is set to occur around November 1 to sidestep potential travel disruptions during the festive season.
Air India operated flights with 'non-qualified' pilots, faces near ₹1 crore fine by DGCA
DGCA Air India Fine: The Directorate General of Civil Aviation (DGCA) imposed a financial penalty of Rs 98 lakh on Tata-owned Air India for operating flights with non-qualified crew members. The incident revealed multiple regulatory violations. Earlier in March, the airline was fined Rs 80 lakh for violating pilot rest period rules.
Air India, Vistara gets DGCA approval to integrate maintenance
Tata group airlines Air India and Vistara have secured DGCA approval to unify their aircraft line maintenance operations. This strategic step aims to enhance Air India's technical capabilities and streamline resources, marking progress towards merging the two airlines into one cohesive entity, ultimately improving maintenance and operational reliability.
Air India, Vistara get DGCA nod to integrate aircraft line maintenance ops
The two airlines, part of the Tata Group, have secured the CAR (Civil Aviation Requirement) 145 approval from the Directorate General of Civil Aviation (DGCA) to integrate their aircraft line maintenance operations. Vistara is a joint venture between Tatas and Singapore Airlines.
IndiGo ditches single class model with premium class and loyalty program
IndiGo, India’s largest airline, plans to introduce a premium class called "IndiGo Stretch" by November, featuring 12 business class seats on 45 Airbus A321neos and enhanced amenities like extra legroom, wider seats, and priority services. This move aims to compete with Air India and tap into the growing premium market. Alongside, IndiGo will launch a loyalty program for frequent flyers.
Ahead of Air India merger, Vistara offers VRS to ground staff
The full-service carrier, a 51:49 joint venture between the Tata Group and Singapore Airlines, is scheduled to merge into Air India by the end of this year. Vistara's scheme comes just two weeks after Air India announced a VRS as well as voluntary separation scheme (VRS) for all its eligible staff, which will run till August 16.
Tata Advanced Systems Ltd, Airbus seal contract to establish H125 helicopter assembly unit in India
Tata Advanced Systems Ltd and Airbus Helicopters have struck a deal to establish a final assembly line in India for single-engine H125 choppers, marking a significant development for the country's aerospace sector. This partnership, announced at the Farnborough International Airshow, will see the private sector setting up a helicopter assembly facility for the first time in India. The production is set to commence in 2026 for India and neighboring countries.
Air India flagship Airbus A350 set to fly to US from Nov
Air India will operate Airbus A350 on ultra-long haul routes to the US, starting with Delhi-New York flight from November 1. Premium economy class to be introduced along with business and economy classes. CEO Campbell Wilson highlights the importance of this upgrade.
Airbus shortlists 8 sites for its second India assembly line
Airbus has shortlisted eight sites in India to open its second assembly line in partnership with Tata Advanced Systems (TASL), ahead of the inauguration of the first, which is for the C295 transport plane. The second plant will produce the H125, the fourth for the single-engine helicopter after factories in France, Brazil, and the US. Airbus expects the Indian subcontinent excluding Pakistan to be a market for about 500 such helicopters over the next 20 years.
Airbus to launch first 'Made in India' H 125 helicopter in 2026, shortlists 8 sites for assembly
Airbus will establish its first assembly line for the H125 helicopter in India, aiming for the inaugural Made-in-India rollout by 2026 in collaboration with Tata Group. The Final Assembly Line (FAL) will produce EASA-certified H125 helicopters, ensuring quality assurance managed by Airbus Helicopters experts at the Indian site.
Air India unlikely to extend services of 300 non-flying employees on fixed-term contract
Air India's non-flying employees on fixed-term contracts are unlikely to receive their service agreements renewed due to their inability to secure a place in the company during the fitment exercise for the merger of Vistara with it. These employees, who have been working with Air India for 10-15 years, have been getting their employment contracts renewed.
Air India's first A320neo enters service, operates on Delhi-Bengaluru route
Tata-owned Air India introduced India's first narrow-body aircraft on the Delhi-Bengaluru route. It features new cabin interiors and livery. The Airbus A320neo aircraft arrived from Toulouse on July 7. The inaugural flight, AI813, marked the first of three A320neo flights scheduled for the day. There are plans for more routes within India. The aircraft offers Business, Premium Economy, and Economy cabins with various amenities tailored to passenger comfort.
Air India launches separation scheme before merger with Vistara
Details of the schemes reviewed by ET showed permanent employees who have completed at least five years of service are eligible for the retirement package. While those who have not completed five years can opt for the voluntary separation scheme.
Air India rolls out VRS for non-flying staff ahead of Vistara merger
Air India confirmed the developments without sharing the specific details of the twin schemes that the airline rolled out on Wednesday giving the aspirants a one-month window to apply for VRS/VSS. This is the third time Air India has come out with a voluntary retirement scheme for its permanent employees since its privatisation two-and-a-half years ago.
Tata Group wants continuity in top management of Air India post merger with Vistara
Tata Group will retain all top Air India executives post-Vistara merger. Wilson, Aggarwal, Sharma stay. Kannan returns to Singapore Airlines, Rajawat joins merged entity. AI hires, consults Boston Group, uses Hogan Test. Air India Express, AirAsia India form no-frills airline. Tata targets ₹15,532 crore savings. AZB handles legal matters; AI's brand identity remains until 2025.
Air India rolls out advanced baggage tracking for passengers
Air India has introduced real-time baggage tracking on its website and mobile app to address passenger complaints about lost and delayed baggage. This feature provides end-to-end tracking, covering check-in, security, aircraft loading, and baggage claim areas. Passengers can track their bags by scanning the barcode on their baggage receipts, with information available in the 'My Trips' section of the mobile app. The initiative aims to enhance the passenger experience with timely updates and notifications.
Delhi HC upholds CCI's approval of Vistara-Air India merger
The Delhi HC has dismissed a petition challenging the Competition Commission of India's approval of the merger between Tata SIA Airlines and Air India. This decision, concerning the order passed last year, marks a significant step in the consolidation of these notable airlines.
Delhi HC dismisses plea challenging approved merger between Tata SIA Airlines, Air India
The Delhi High Court dismissed a plea challenging the CCI's rejection of objections to the Tata SIA Airlines Limited and Air India Limited merger, citing lack of evidence and allegations designed to mislead. The court found the petition lacking merit and noted unsubstantiated allegations against public figures.
DGCA greenlights harmonised training of Air India and Vistara
Air India gets approval from DGCA to harmonise operational procedures and manuals as part of Tata group merger. Focus on safety and efficiency in integrating four airlines into a single entity. Singapore Airlines to benefit from strengthened presence in Indian aviation market.
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