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21 Oct 2020

India Aviation Industry Newsletter 21 October

Air India to operate flights to Germany, service to begin from October 26 New Delhi: Air India soon going to operate flights between India-Germany from 26 October. The airline, in a tweet, said: “#FlyAI: Air India will operate flights between India-Germany from 26th Oct’ 20 to 28th March ’21.” The announcement indicated that a breakthrough in ‘Air Bubble’ negotiations has been achieved between India and Germany. Airlines to get more airspace, cutting flying time and fuel costs In a move that could save money for both airlines and their passengers, the Indian Air Force has released 10% of its reserved air space for civil aviation. This will shorten flying time on a few routes, reducing the fuel burn of an aircraft, helping airlines save money, and in turn, pass on some of the benefits to customers. The step was part of the Aatmanirbhar Bharat package announced by Finance Minister Nirmala Sitharaman earlier this year. The government has estimated that airlines will save Rs 1,000 crore annually, by having more airspace. Air Safa launches aircraft leasing business in India with Airbus H125 helicopter Air Safa Pte. Ltd. has signed a purchase agreement with Airbus Helicopters for one H-125 helicopter with the option to add another one in the future. The H-125 will be placed its first dry lease to Indian operators for multirole missions, including passenger transportation. K Murugan, director, Air Safa, stated “We are a staunch Airbus customer and have chosen the H125 as the first product because it has an impressive performance and is known for its power, versatility, low maintenance cost and safety features.” Dassault Systemes' hackaton to boost drone innovation in India Dassault Systems announced a virtual hackathon in India to inspire students, startups, budding entrepreneurs and industrial companies to drive UAV and drone innovations. The 10-days challenge titled 'Drone-a-thon: Propelling Sustainability' will seek ideas from young minds from 19-31 October who can become the future innovators and entrepreneurs in the Indian UAV sector. Finance Ministry green signal for aircraft lease financing activities in GIFT City Regulatory decks have now largely been cleared for making India a hub for financing aircraft purchases and leasing activities with the Finance Ministry notifying “aircraft lease” as a financial product that could be transacted in Gujarat’s GIFT City, which is the country’s sole international financial services centre (IFSC). Jet Airways 2.0 to stay full-service airline, keep original brand “Keep it simple”. This is the guiding principle for London-based Kalrock Capital and UAE businessman Murari Lal Jalan as this consortium try to get Jet Airways off the ground again by the middle of next year. While Jet 2.0 will remain a full-service carrier (FSC) with business and economy sections and retain the original brand name, livery and logo Acumen Aviation © 21 October 2020 All Rights Reserved.
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