Latest news with #81stAnnualGeneralMeeting
Time of India
7 hours ago
- Business
- Time of India
IndiGo inks pact for buying additional 30 Airbus 350-900 wide-body aircraft, ET Infra
Advt By , ETInfra NEW DELHI: India's largest airline IndiGo has entered into an agreement with Airbus with an intent to order an additional 30 Airbus 350-900 wide-body aircraft . In April 2024, the airline placed a firm order for its first 30 Airbus 350-900 aircraft, with purchase rights for an additional 70 Memorandum of Understanding was signed between Benoît de Saint-Exupéry, Executive Vice President Sales of the Commercial Aircraft business at Airbus and Pieter Elbers, Chief Executive Officer, IndiGo, at the sidelines of the ongoing 81st Annual General Meeting of the International Air Transport Association being held in Delhi from June 1 to June 3, airline's order book with Airbus is currently around 900 aircraft comprising narrow-body and wide-body aircraft.'We have recently started with wide-body operations. We are extremely excited about the progress…we saw this was a wonderful opportunity to actually double our firm order from 30 to 60 and use the occasion here today where the whole world is gathering in Delhi itself for the occasion,' said to the airline, the Airbus 350-900 aircraft will be powered by Rolls Royce's Trent XWB engine.'The mission capability of this aircraft, coupled with the efficiency of the Trent XWB engine, will offer IndiGo unprecedented optionality and reach as it embarks on the next stage of its wonderful journey of addressing the rapidly evolving needs of the Indian market and our nation,' the airline wide-body acquisition will enable the airline to compete with Air India for the lucrative North American and European market as well as connecting emerging destinations such as Australia and East deliveries for the first order signed in 2024 are expected to start in 2027.
India Gazette
13 hours ago
- Business
- India Gazette
PM Modi to participate in IATA 81st Annual General Meeting on June 2 in Delhi
New Delhi [India], June 1 (ANI): In line with his commitment to developing world-class air infrastructure and enhancing connectivity, Prime Minister Narendra Modi will participate in the International Air Transport Association's (IATA) 81st Annual General Meeting (AGM) on June 2, at Bharat Mandapam in New Delhi. The IATA 81st Annual General Meeting and World Air Transport Summit (WATS) will be held from June 1 to 3. PM Modi will also address the gathering on the occasion, according to the Prime Minister's Office. The last AGM in India was held 42 years ago in 1983. It brings together more than 1,600 participants, including top global aviation industry leaders, government officials and international media representatives. The World Air Transport Summit will focus on key issues facing the aviation industry, including Economics of the Airline industry, Air Connectivity, Energy Security, Sustainable Aviation Fuel Production, Financing Decarbonisation, Innovations among others. The aviation leaders and media representatives from around the world will also get to witness India's remarkable transformation in the aviation landscape and its contribution to the country's socio-economic development. Earlier on May 31, PM Modi virtually inaugurated the newly developed Satna Airport and the upgraded Datia Airport in Madhya Pradesh. The historic occasion, which marks a transformative leap for the Bundelkhand and Baghelkhand regions, was celebrated through physical events held at both airports, symbolising the Government of India's resolve to extend the benefits of air travel to every corner of the country under the UDAN (Ude Desh ka Aam Naagrik) scheme, according to the Ministry of Civil Aviation. The ceremony at Datia Airport was graced by the presence of Union Minister for Civil Aviation Ram Mohan Naidu, while the event at Satna Airport was attended by Minister of State for Civil Aviation Murlidhar Mohol. Both ministers highlighted the Ministry of Civil Aviation's unwavering focus on enhancing regional connectivity, improving accessibility, and catalysing local economies. The Satna Airport, developed by the Airports Authority of India at a cost of Rs 36.96 crore, is set to serve as a major regional hub in northeastern Madhya Pradesh. Known for its cultural and industrial prominence, Satna's new airport will now provide seamless connectivity to religious and industrial centers such as Chitrakoot and Maihar. (ANI)
News18
18 hours ago
- Business
- News18
PM Modi To Address Global Airlines Meet As CEOs Jostle For Slice Of India's Aviation Boom
Last Updated: PM Modi will address the 81st annual meeting of the International Air Transport Association (IATA), where global airline leaders will discuss India's emergence as an aviation hub. Prime Minister Narendra Modi is set to participate in the 81st Annual General Meeting of the International Air Transport Association (IATA) on Monday (June 2) at around 5 pm at Bharat Mandapam in New Delhi. India's largest aviation carrier, IndiGo, is hosting the IATA general meeting that began today and will last till June 3. The last AGM in India was held 42 years ago in 1983, according to an official statement. PM Modi will address the gathering of global airline leaders following IndiGo's significant deal with foreign airlines Air France-KLM, Virgin Atlantic and Delta to expand its services to North America, Europe and Britain. More than 1,600 leaders including top global aviation industry leaders, government officials and international media representatives are slated to attend the event, which will demonstrate the continued rapid growth of India's aviation market. The aviation leaders and media representatives from around the world will also get to witness India's remarkable transformation in the aviation landscape and its contribution to the country's socio – economic development. IndiGo Strikes Major Expansion Deal, Air India In Talks On Sunday, IndiGo on Sunday announced that it placed a firm order for another 30 wide-body A350 planes with Airbus, taking the total number of such aircraft to 60, after announcing new partnerships with Air France-KLM, Virgin Atlantic and Delta Airlines. The A350 planes, with ranges of up to 15,000 kilometres (9,300 miles), will allow it to further expand its network. IndiGo has placed orders for around 1,000 aircraft from the A320 family. 'This is yet another step in defining the airline's long-term plans of international expansion," said the company. Moreover, Air India said it was in talks with two of the largest aircraft manufacturers, Airbus and Boeing, for a major aircraft deal, including some 200 extra single-aisle planes. It is expected that the deal could involve hundreds of airplanes in total spread across various sizes. Getting new planes is crucial for Air India, which has suffered from years of under-investment under government ownership and is now undertaking an ambitious modernisation plan to recapture market share lost to global rivals. India's Growing Aviation Market According to Airbus forecasts, India's aviation market is expanding at some 7% a year, making it the fastest growing market. However, its growth remains hampered by weak infrastructure, fuel costs and high taxes. However, Air India CEO Campbell Wilson told CNBC TV18 said India's position in global aviation is still in its early stages with significant room for growth. 'The last three years due to network restructuring," he said. Speaking at the airline summit in New Delhi, Delta Airlines CEO Ed Bastian announced that the airline plans to resume direct flights from the United States to India within the next couple of years. 'There's not a more important market in aviation at the present time than in India," he said. Willie Walsh, director general of the International Air Transport Association (IATA), said 'the development of India's air connectivity in recent years has been nothing short of phenomenal". The growth of its economy has made India the world's fourth-largest market, he added. (with inputs from agencies)
Daily Tribune
2 days ago
- Business
- Daily Tribune
India hosts aviation power meet
TDT | Manama India's emergence as a global aviation force is taking centre stage this weekend as it plays host to one of the airline industry's most significant events— the 81st Annual General Meeting (AGM) of the International Air Transport Association (IATA).. Scheduled from June 1st to 3rd in New Delhi, the event marks the return of IATA's flagship summit to Indian soil after a 42-year gap, last held in India in 1983. Record attendance More than 1,700 delegates, including top airline CEOs, government officials, and global media, are attending the AGM, which is being hosted by India's leading carrier, IndiGo. India's Prime Minister, Shri Narendra Modi, is expected to deliver the keynote address, signalling high-level national endorsement of the gathering. 'We are excited to bring the IATA AGM to India after a 42-year gap,' said Willie Walsh, IATA's Director General. 'India's place in global aviation has changed dramatically. The country has seen record aircraft orders, impressive growth, and world-class infrastructure developments.' IndiGo in the lead IndiGo CEO Pieter Elbers, who also chairs the IATA Board of Governors, noted that the summit reflects India's growing influence in global aviation. He said aviation is a powerful force for good worldwide and that this is particularly evident in India. IndiGo, he added, is proud to invite the IATA AGM back to India and showcase the country's rapid progress in the sector. India's aviation industry directly employs over 369,000 people and contributes $5.6 billion to the economy. When factoring in indirect, induced, and tourism impacts, the sector supports 7.7 million jobs and adds $53.6 billion to GDP—roughly 1.5 percent of the national total. Summit agenda The AGM will be followed by the World Air Transport Summit (WATS), where major global themes will be discussed, including the financial outlook for airlines, India's strategic use of aviation for development, and the role of Sustainable Aviation Fuel. Discussions will also focus on financing the journey to net zero and innovations in payment systems. CNN's Richard Quest will moderate the summit's CEO Panel featuring Pieter Elbers of IndiGo, Joanna Geraghty of JetBlue, Adrian Neuhauser of Abra Group, and Richard Smith of FedEx. Progress and inclusion A highlight of the event will be the sixth edition of the IATA Diversity & Inclusion Awards, which honour efforts to advance gender balance in the industry as part of the 25by2025 initiative. Willie Walsh said the AGM is always a moment for the industry to reflect and regroup in the face of enormous economic, geopolitical, and technological forces. He expressed confidence that the gathering would deliver value to stakeholders and strengthen global collaboration. As global attention turns to India's aviation trajectory, the AGM in New Delhi signals not just a return, but a recognition of the country's new role as a global aviation hub.
Hindustan Times
3 days ago
- Business
- Hindustan Times
IndiGo to start direct flights to London, Athens, Copenhagen and 5 other cities
IndiGo will start direct flights to London, Athens and eight other overseas cities in the current financial year as the country's largest airline continues with international expansion and expects to have more than 600 aircraft in its fleet by FY30. There is an enormous opportunity in Indian aviation where rising demand is supported by infrastructure expansion. There is an unmatched growth leading to doubling of passengers from 2025 to 2030 and that the rising demand is supported by infrastructure expansion, airline CEO Pieter Elbers said at a briefing in the national capital. Also Read: 'Final extension': DGCA lets IndiGo fly 2 Turkish planes for 3 more months While flights to Manchester (UK) and Amsterdam (the Netherlands) from Mumbai will commence in July, the airline will connect eight more overseas destinations -- London (UK), Athens (Greece), Copenhagen (Denmark), Siem Reap (Cambodia) and four places in Central Asia. The airline is leasing six Boeing 787-9 aircraft from Norse Atlantic Airways for its international operations. Also Read: IndiGo set to be the first airline operating out of Navi Mum Airport When asked about the growth and way forward for IndiGo, which has been flying for over 18 years, Elbers told PTI Videos, "picture abhi baaki hai". IndiGo will start operating direct flights from Mumbai to Manchester and Amsterdam with the leased Boeing 787-9 aircraft in July, and the services to the UK city will also mark the airline's long haul debut. Also Read: IndiGo co-founder Rakesh Gangwal to sell his shares worth $1.4 billion: Report A USD 10 billion-revenue company, IndiGo flies to more than 90 domestic and 40 international destinations. It operates over 2,300 flights daily with a fleet of more than 430 planes. With the airline expanding international operations, Elbers said there is also an enormous opportunity to build India as a great place for connecting flights as he highlighted about the country's potential to become an international hub. Currently, Indian carriers account for 45 per cent of India's international traffic while the remaining 55 per cent is served by overseas airlines, Elbers said. He also said the airline has the highest number of female pilots at around 15 per cent of the total pilot strength. While mentioning that IndiGo has partnerships with different airlines, Elbers said, "we have no short term ambitions or no ambitions actually at this point in time to move into an alliance". Meanwhile, IndiGo will also be hosting the 81st Annual General Meeting of the International Air Transport Association (IATA) in the national capital in June. The AGM is taking place in India after 42 years.
