Aviation industry upset over jet fuel prices, seeks tax sops
For Indian airlines, expenditure on jet fuel amounts to nearly 40% of their total expenses as compared to a global average of 20-25%.
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For Indian airlines, expenditure on jet fuel amounts to nearly 40% of their total expenses as compared to a global average of 20-25%.
Supply-chain glitches and engine recalls are threatening capacity expansion in the Indian aviation industry. IndiGo may have to ground a quarter of its fleet, and the sector could see a grounded fleet of around 200 aircraft by the end of the financial year.
The company has signed a contract with Stone Sapphire, licensee for Disney in India, to design and manufacture collectible pullback cars in Marvel superhero colours.
The design process began 18 months ago, and the new car versions in the colours of Captain America, Black Widow, Spiderman, and 33 other Marvel characters will be available in the markets across India this Christmas.
Bengaluru: Aerospace components maker Aequs has secured a ten-year contract from Airbus for supplying critical components for the A320, A330neo and A3.