Moca

Sanjiv Kapoor Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Sanjiv Kapoor, the newly-appointed chief executive of Jet Airways , in a letter to his employees has asked them to work on 'five foundation blocks' in the next few months before the re-launch of the airline. In his letter on May 13, Kapoor said that his 'five foundation blocks' to focus on were securing Air Operator Certificate, buying new aircraft, having robust systems and processes to support operations, securing slots, and building a new team of employees. ALSO READ: Home Ministry grants security clearance to Jet Airways "Securing the Air Operator Certificate (AOC) at the earliest is our top priority right now," Kapoor said, adding that Jet Airways will be conducting its proving flight very soon. He added that the airline will look to return to the … [Read more...] about Jet Airways’ Sanjiv Kapoor asks employees to work on five ‘foundation blocks’ in next few months

Jet Airways has successfully completed all its "proving flights" and is now looking forward to the grant of the air operator certificate (AOC) by the Directorate General Civil Aviation (DGCA), the owner Jalan-Kalrock Consortium said on May 17. Jet Airways on May 17 concluded its second set of two so-called proving flights with around 31 people, which also included DGCA officials.  The airline had on May 15 conducted its first set of three proving flights with 18 people. The two proving flights on May 17 were on Delhi-Hyderabad and Hyderabad-Delhi routes using the airline’s Boeing 737. The same plane was used for the three proving flights—Delhi-Mumbai, Mumbai-Ahmedabad, Ahmedabad-Delhi—on May 15, they said. A proving flight is part of DGCA’s process for the induction of a new aircraft type in an airline’s fleet. The flight allows the operator to demonstrate to the DGCA the airline’s ability to conduct the flight safely and in accordance with all rules and regulations. … [Read more...] about Jet Airways says proving flights done, awaiting AOC from DGCA

Representative image GoFirst, the budget airline previously known as GoAir, plans to launch its delayed initial public offering to raise Rs 3,600 crore in the second quarter of this financial year following a revival in market sentiment over aviation stocks. “Over 27 investors have shown positive interest. The company will make a fresh presentation soon,” a person aware of the airline’s plans said. Another person said GoFirst is optimistic about its IPO as domestic and overseas air travel opens up with no expectations of another Covid-19 wave. “Domestic air traffic rising to above the pre-Covid-19 levels, coupled with a recovery in the stocks of aviation companies, has once again increased the appetite of bankers,” another person said. Shares of InterGlobe Aviation, the operator of IndiGo, the country’s biggest airline, have jumped 8.1 percent over the past three days, while stocks of SpiceJet have rallied 7 percent in the same period. Close COVID-19 … [Read more...] about GoFirst may launch IPO in July-September as sentiment improves over aviation stocks

The Directorate General of Civil Aviation has warned all airlines in India against offering unserviceable seats to passengers on their domestic and international flights. "This practice is not only causing inconvenience to the travellers but also inviting a serious safety concern," the regulator said. According to DGCA rules, all materials including the aircraft seat need to conform to approved design specifications and airlines cannot sell seats to customers that do not meet specifications. The installation of any part that fails to meet the intended design requirements degrades the requirements of airworthiness, the DGCA said in a statement. The warning by the Indian aviation regulator comes after it conducted an audit of seats and other cabin fittings in aircraft last week and found that many seats are broken or unserviceable in planes. Close Furthermore, on May 24, an Air India flight between Delhi and London was delayed for nearly three hours … [Read more...] about DGCA warns airlines against offering unserviceable seats to passengers