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 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 To Top)

       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 To Top)

         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 To Top)  

       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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