Air India And SIA Engineering Company To Set Up MRO Joint Venture
Air India and SIA Engineering Company (SIAEC), part of the Singapore Airlines Group, have signed a memorandum of understanding to explore the establishment of a maintenance, repair and overhaul (MRO) joint venture in India. The Singapore Airlines Group holds a 25.1 per cent stake in Air India, and the companies said the arrangement is intended to expand their partnership in technical and maintenance services. The memorandum, signed on Friday, will examine collaboration across the MRO sector and seek to support the development of India as a global aviation MRO hub. The memorandum is intended to..
Oberoi Realty Sells Luxury Homes in Gurugram Project
Oberoi Realty Ltd said it has sold luxury homes worth Rs81.09 billion (Rs81.09 bn) in its newly launched project in Gurugram, reflecting strong consumer demand. The company launched the development as its first luxury residential project in the Delhi-NCR market at the end of June. The launch was presented as the group’s entry into the region and was followed by rapid bookings. In a regulatory filing the developer reported gross bookings of about Rs81.09 bn at Three Sixty North, its 14.8 acre project on Golf Course Extension Road in Gurugram. The filing indicated sale of 1.352 million sq ft (..
Private Jets Seek Global Pilot Duty Limits With DGCA
The Directorate General of Civil Aviation has held a review meeting with the Business Aircraft Operators Association (BAOA), which represents 115 private and non-scheduled operators, after the BAOA requested separate flight duty time limitation (FDTL) rules for business aircraft crews aligned with global standards. The association argued that existing norms are designed primarily for commercial airlines and do not reflect the operational profile of business aviation. The regulator has begun examining proposals intended to better suit private jet operations. Under current DGCA rules, private je..
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