AVIATION ECOSYSTEM INDIA
Air India to set up Aircraft Maintenance Training Institute in Bengaluru
Air India is establishing an aircraft maintenance training institute in Bengaluru. The institute will offer a four-year aircraft maintenance engineering program certified by the DGCA. The program will combine classroom learning with practical training at Air India's new MRO facility. This initiative aims to create a skilled workforce to support the airline's fleet expansion.
Air India partners with BACL to launch an Aircraft Maintenance Training Centre in Bengaluru
Air India is launching a new Basic Maintenance Training Organization (BMTO) at Bengaluru Airport City to train skilled aircraft maintenance engineers. The DGCA-certified facility, set to open by mid-2026, will offer a four-year AME program, including practical training at Air India's upcoming MRO facility.
Time to look beyond hotel stocks? 8 stocks from tourism sector ecosystem with an upside potential of more than 29%
Tourism is a sector where, instead of betting on a single stock, it is better to own a set of stocks. That will help investors gain from spending by every segment of tourists, and in every section of the hospitality ecosystem ¨C while also avoiding some risks. For example, taking exposure only to hotel stocks comes with its pros and cons. In the event of a slowdown, a hotel company with high debt may find it tough to survive. In the past, a very large hotel group went belly up just because of this. Also, taking exposure only to hotel stocks means you are ignoring a large part of the spending done by tourists.
From planes to chips to laptops, India is building manufacturing ecosystem
India is pushing to boost domestic manufacturing of IT hardware, military aircraft, and semiconductors through various incentive schemes and initiatives. The government aims for significant local value addition and reducing dependence on imports, creating substantial job opportunities and technological advancements in the country.
Tata-Airbus plant: India's dream of making a civil aircraft taking off?
India is embarking on manufacturing its own commercial aircraft, leveraging its growing aviation sector. The Tata-Airbus plant in Vadodara, alongside Boeing and Airbus collaborations, and a newly proposed Special Purpose Vehicle, aim to develop a self-sustaining ecosystem despite initial dependence on foreign components and substantial financial investment.
Our cost supremacy will keep us ahead, any airline which sells tickets below their cost level will be out of business: IndiGo CEO Elbers
IndiGo CEO Pieter Elbers addresses concerns over the airline's recent losses, emphasizing improved performance with reduced aircraft grounding and cost pressures, and expects traffic increase during the festive season. He highlights IndiGo's competitive edge and positive reactions to its new premium cabin.
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In 20 years, India to develop additional 200 airports; airlines may need 4,000 more planes: Naidu
India's aviation sector is set to expand rapidly in the next 20 years, requiring up to 4,000 more aircraft and 200 new airports. Indian airlines currently operate 800 planes, with 1,200 more on order. The number of airports has increased to 157 and will grow by 50 more in five years.
BTAC protocols tweaked in wake of hoax bomb flurry to airlines; 30 categorised non-specific on Monday
Protocols for India's Bomb Threat Assessment Committee have been revised to better address recent online threats to airlines. Though 140 flights were affected by hoax bomb threats, new measures aim to differentiate specific and non-specific threats, minimizing unnecessary disruptions while ensuring passenger safety.
Will be best ambassador for drone industry, says Chandrababu Naidu
Andhra Pradesh Chief Minister N Chandrababu Naidu promised to make the state a drone hub, encouraging the industry to test their applications there. He emphasized using drones for various use cases and announced plans to certify 20,000 drone pilots. The state government also signed agreements to support drone startups and development.
India's Sustainable Aviation Fuel potential 8-10 Million tonnes by 2040: Deloitte
India could produce 8-10 million tonnes of Sustainable Aviation Fuel (SAF) by 2040, requiring $70-85 billion in investments, according to a Deloitte India report. SAF aims to propel aviation sector decarbonisation, with the potential to reduce carbon emissions by 20-25 million tonnes annually. These initiatives are expected to create 1.1-1.4 million jobs and lower crude oil import bills by $5-7 billion yearly.
BPCL, Mumbai Port Authority sign pact to establish sustainable energy ecosystem
BPCL, Mumbai Port Authority, and Mumbai Port Sustainability Foundation have partnered to create a green fuel ecosystem at Mumbai Port. This initiative includes setting up EV charging stations, converting diesel vessels to cleaner fuels, and enhancing waste management. The collaboration aims to support India¡¯s environmental goals by reducing greenhouse gas emissions.
Tourism sector: More than just hotels. 6 stocks from hospitality sector ecosystem with an upside potential of 11 to 46% in 1 year
Talk about the hospitality sector and there is a high probability that hotel stocks are what come to mind. But the hospitality sector is a whole ecosystem. Right from the tech player on whose platform a railway or airline ticket is booked, to the airport from which the flight takes off ¨C all are part of the hospitality sector ecosystem. While it started with ¡°revenge traveling¡± post-Covid, the hospitality sector now is more a play on higher disposable incomes and a growing economy, accounting for both domestic tourism and business travel. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks, along with detailed company analysis focusing on five key components ¨C earnings, fundamentals, relative valuation, risk, and price momentum ¨C to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Dassault sets up MRO for Rafale, Mirage fighters in India; Indian national to head venture
Dassault Aviation is establishing a new Maintenance, Repair and Overhaul (MRO) facility in Noida to support the Indian Air Force's Mirage-2000 and Rafale fighter jets. The new company, Dassault Aviation Maintenance Repair and Overhaul India (DAMROI), will align with India's vision of self-reliance and progressively scale up its activities.
7 stocks from the auto sector ecosystem which may deliver up to 40% returns in next 1 year according to analysts
As the auto sector goes through a transformation, analysts are getting bullish on select auto stocks. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Airfare hike not linked to rise in airport charges: Airports Council International
Airport charges are crucial for infrastructure development in aviation, says Airports Council International (ACI). Despite concerns from the International Air Transportation Association (IATA) about rising charges, ACI maintains that these fees are vital for airport revenue and do not significantly impact airfares. India's rapid aviation growth highlights the importance of maintaining infrastructure investment.
Open for opportunities to source components from India: Aircraft maker ATR
European aircraft maker ATR sees India as a key market with significant potential for regional air connectivity. The company, which already has nearly 70 planes operating in India, anticipates demand for an additional 200 aircraft over the next decade. ATR is also exploring opportunities to source components from India.
Air travel in India has become inclusive than being exclusive, says Prime Minister Modi
Prime Minister Narendra Modi highlighted the growing inclusivity of air travel in India, with more people from smaller cities flying. He announced the Delhi Declaration for regional cooperation in civil aviation and proposed an international Buddhist tourist circuit. Modi also discussed advancements like air taxis and India's plans to become a global aviation hub.
Civil aviation minister pitches for sustainable aviation practices, regional air connectivity
Civil Aviation Minister K Rammohan Naidu emphasized sustainable practices in aviation, including using sustainable aviation fuel. The ministry aims to develop 106 airports for regional connectivity and blend 1% SAF with jet fuel by 2027. The UDAN scheme will be extended for 10 more years to boost regional air travel.
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.
PM Modi invites Singaporean businesses to India, says do not let go this opportunity
Prime Minister Narendra Modi has invited Singaporean businesses to invest in India, highlighting opportunities in aviation, electric vehicles, green hydrogen, fintech, space startups, and semiconductors. He emphasised India's political stability and progressive policies while encouraging participation in the nation's development. Modi noted India's rapid technological adaptation and significant market potential across various sectors.
Civil Aviation Minister eyes 10-year extension for RCS-UDAN scheme
Union Minister of Civil Aviation Ram Mohan Naidu Kinjarapu announced plans to extend the Regional Connectivity Scheme (RCS)-UDAN for another 10 years. The government aims to increase the number of airports from 157 to 400 by 2047 and make India a global hub for aircraft manufacturing.
Over 1,000 new jobs for skilled aviation engineers in India, says Air India top official
Air India is building a Maintenance, Repair and Overhaul (MRO) facility in Bengaluru, expected to create over 1,200 jobs for aviation engineers and seven times more indirect jobs. The project, costing Rs 1,400 crore, will feature advanced maintenance technology and be operational by 2026.
Civil aviation Minister KR Naidu indicates India's plans to manufacture indigenous planes
The government plans to establish a special purpose vehicle to advance aircraft manufacturing in India, according to Union Civil Aviation Minister K Rammohan Naidu. Speaking at a conference, Naidu highlighted efforts to initiate aircraft manufacturing within the next five years. India is among the fastest growing civil aviation markets globally.
It is better to look beyond hotel stocks to capture the full spectrum of travel spending: 17 stocks from the whole tourism ecosystem
While there can be a debate on whether, after the run up that hotel stocks saw in the last three years, are they cheap or not, and whether one should buy them now. But when it comes to tourism and the possibility that it will grow at a much faster rate, there is little room for debate. Now the question is if one buys only one set of stocks, for example hotel stocks, they come with their own plus and minus, right from the business risk of that industry to the fact that in tourism business, there are many segments, so there is a premium segment, there are travelers who travels by train and stay in medium size hotel which are not even listed. But then he has spent money in booking his ticket which has been captured on a railways ticketing platform. So, why not have that railway ticketing platform in a small portion of the portfolio.
Make those Li-ion batteries roar
India's demand for lithium-ion batteries is set to exceed 300 GWh by 2030, primarily met through imports. With major investments from companies and government initiatives, India plans to develop its own manufacturing capabilities. Emphasizing mineral security, advanced battery tech, and recycling, the focus is on achieving energy independence and decarbonisation.
These 11 stocks from auto sector ecosystem can give 18-40% returns in 1 year, according to analysts
There have been some reports which have been hinting that inventory level in the auto sector might be hitting higher levels. One of the reasons could be the fact that some build up is taking place due to the forthcoming festive season. What needs to be watched is whether the discounts which are given in the festive season see any sharp rise in the coming two months. If not then probably this inventory issue is a short term one. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
From cockpit to cab drivers, companies want more women to fly them
IndiGo is determined to change that and has set a plan to increase the number to 1,000 by the end of this year, say officials. The airline announced the hiring for the special batch in January.
ET Explains: High temp hits flights to Leh. Why?
IndiGo recently cancelled flights to and from Leh due to high temperatures affecting runway operations, highlighting the challenges of operating in extreme heat and high altitudes.
India's aviation mkt growth needs to be matched with capacity; open for partnerships: Emirates CCO
On whether Emirates is looking for partners in India, Kazim said it is open to any such future engagements if there is an appetite in an Indian airline for that sort of dialogue and engagement.
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