Aviation
News
Aviation
reform in a phased manner: Praful Patel
New
Delhi: Union Civil Aviation Minister Praful Patel
said on Thursday that the hike in Foreign Direct Investment
(FDI) from 40 to 49 percent in the aviation sector
would take place in a phased manner. Patel was quoted
by a television channel as also saying that several
more airports would be privatised and modernised,
and added that atleast 20 to 30 cities had been shortlisted
for this. On the issue of allowing foreign airlines
to operate without hindrance in the country, he said
it was currently under review. The Union Cabinet had
on Wednesday approved the decision to raise the FDI
limit in domestic private airlines from 40 to 49 per
cent. However, it said that foreign airlines would
not be allowed to pick up equity in domestic aviation
companies.
- Oct 21, 2004
Civil aviation
FDI hiked from 40 to 49 pc (Go
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New
Delhi: The Union Cabinet today cleared a proposal
to hike foreign direct investment (FDI) cap in the
civil aviation sector from 40 to 49 percent, official
sources said. The present policy allows 40 percent
foreign investment in airlines but bars foreign airlines
from picking up a stake. The new FDI norms will come
with conditions to ensure that international airlines
do not have proxy control of Indian entities. The
sources said that according to a note submitted by
the Civil Aviation Ministry, the hike in FDI limit
was part of the proposals made by Finance Minister
P Chidambaram in his annual budget for 2004-05. While
pegging the plan outlay for the sector at about Rs
1,621 crore, a hike of about Rs 135 crore from the
revised estimate for the last fiscal, the government
had said there was an "urgent need" for infusing huge
amounts of capital in this sector, they said. Meanwhile,
the Left has said it has no problem with the hike.
- Oct 20, 2004
Punjab
hoteliers, businessmen welcome SIA flights (Go
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Amritsar:
With the introduction of Singapore Airline's international
flights from Amritsar, the travel and industrial sector
in this city, if not the rest of Punjab, is expecting
a rise in business prospects after days of recession.
Both sectors have welcomed the introduction of SIA
flights and hope that many more international airlines
will follow suit. Ajit Mehra, the managing director
of Ritz's Plaza, said that the hotel would soon be
coming out with packages for international tourists.
"We are making some sightseeing packages. We are going
to have some more packages to attract the passengers,"
Mehra said. Dr.Shavinder Sandhu, a businessman, said
that "with the coming of international passengers,
including the traders and industrialists, they will
be able to directly land in the heartland of manufacturing
areas. So, we will be able to showcase what we are
doing here. Earlier before the introduction of SAI
flights the businessmen of Punjab had to go the metros
to meet international business dealers.
On
Sunday, Singapore International Airlines (SIA) organized
a cultural show at which the chief minister of Punjab,
Captain Amarinder Singh, was the chief guest. Addressing
the gathering, Singh said that Punjab had much to
offer, both in terms of religious as well as heritage
tourism, which be to the benefit of both Punjab and
the SIA. Singapore Airlines (SIA) commenced direct
flights between Amritsar and Singapore, 3 times a
week from Sunday. Amritsar is the tenth Indian destination
to be served by SIA and its subsidiary, Silk Air.
These direct flights designated as SQ 471 (Amritsar
- Singapore) and SQ 472 (Singapore -Amritsar) will
operate on Wednesday, Friday and Sunday every week.
With the launch of the Amritsar flights, the total
number of passenger flights operated by Singapore
Airlines will go up to 38 weekly flights to India.
Singapore Airlines operates 12 flights to and from
Mumbai, daily flights each to Delhi and Chennai, and
three flights each to Bangalore, Kolkata and Ahmedabad.
Besides this, its subsidiary Silk Air operates 11
flights per week to three cities Hyderabad (4 flights),
Kochi (4 flights) and Thiruvananthapuram (3 flights).
- Oct 4, 2004
SIA commences
direct Amritsar-Singapore flights (Go
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Raja
Sansi Airport, Amritsar: The first inaugural flight
from Singapore landed at Raja Sansi International
Airport at Amritsar today at 7:13 pm. The flight was
received by Punjab Tourism Minister, . Jagmohan Singh
Kang. The first Singapore Airlines also carries a
senior international delegation comprising of business
and government officials from Singapore led by Chik
Quee Tan, Senior Vice President, West Asia and Africa,
Singapore Airlines Limited. During the course of 3
days, the delegation will meet and interact with several
officials from Punjab government and also the business
community from the region. Singapore Airlines (SIA)
commences direct flights between Amritsar and Singapore,
3 times a week from today. Amritsar is the tenth Indian
destination to be served by SIA and its subsidiary,
Silk Air. These direct flights designated as SQ 471
(Amritsar - Singapore) and SQ 472 (Singapore -Amritsar)
will operate on Wednesday, Friday and Sunday every
week..
On
Friday and Sunday, SQ 472 leaves Singapore at 4 pm
Singapore time and arrives Amritsar at 7.15 pm India
time. The same flight goes back as SQ 471 leaving
Amritsar at 9 pm and arriving Singapore at 5.20 am
Singapore time the next day. On Wednesday, SQ 472
departs Singapore at 2.45 pm Singapore time and arrives
Amritsar at 6 pm India time. SQ 471 departs Amritsar
at 7.30 pm and arrives Singapore at 3.50 am Singapore
time the next day. The aircraft being used for these
flights is the Boeing B777-200 having a total of 323
seats in a two-class seat configuration. The Raffles
(Business) Class has 30 seats and the Economy Class
293 seats. As with all SIA international services,
passengers will be able to enjoy Singapore Airlines'
state-of-the-art onboard entertainment system "KrisWorld"
which has over 100 entertainment options in this aircraft.
Singapore Airlines believes that the potential is
enormous for inbound and outbound business and leisure
traffic to/from Punjab.
It offers great opportunities for the Punjabi diaspora
from countries as far as Canada, USA, Australia and
New Zealand, and facilitates leisure traffic development
between Punjab and South- east-Asia as well as North
Asia. The significant places of interest such as the
Golden Temple in Amritsar, Vaishno Devi near Katra
in J andK, and Dharamsala in Himachal Pradesh will
encourage many visitors. With the launch of the Amritsar
flights, the total number of passenger flights operated
by Singapore Airlines will go up to 38 weekly flights
to India. Singapore Airlines operates 12 flights to
Mumbai, daily flights each to Delhi and Chennai, and
three flights each to Bangalore, Kolkata and Ahmedabad.
Besides this, its subsidiary Silk Air operates 11
flights per week to three cities Hyderabad (4 flights),
Kochi (4 flights) and Thiruvananthapuram (3 flights).
- Oct 1, 2004
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