Latest news with #DGCA-approved
Business Standard
08-08-2025
- Business
- Business Standard
NSE SME Flysbs Aviation takes off to stratosphere with sky-high listing gains
Shares of Flysbs Aviation was trading at Rs 448.85 on the NSE, a premium of 99.49% compared with the issue price of Rs 225. The scrip was listed at Rs 427.50, a premium of 90% over the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 448.85 and a low of Rs 427.50. About 10.90 lakh shares of the company changed hands at the counter. Flysbs Aviation's IPO was subscribed 212.07 times. The issue opened for bidding on 1 August 2025 and it closed on 5 August 2025. The price band of the IPO was fixed between Rs 210 to Rs 225 per share. The IPO comprised fresh issue of 45,57,000 equity shares. The company intends to utilize the net proceeds for funding capital expenditure towards acquisition of six pre-owned aircraft on long term dry lease basis, repayment/prepayment, in full or part, certain outstanding borrowings availed by the company and general corporate purposes. Ahead of the Flysbs Aviation on 31 July 2025, raised Rs 29.16 crore from anchor investors. The board has allotted 12.96 lakh shares at Rs 225 per share to 6 anchor investors. Flysbs Aviation is engaged in the business of providing private, non-scheduled air charter services in India. The company is a DGCA-approved non-scheduled airline operator holding a valid air operator permit. Its customer base includes entrepreneurs, senior corporate executives, politicians, diplomats, celebrities, and other VIPs, all of whom require tailored services to meet their specific travel needs. Flysbs Aviation's charter services cater to a range of specific travel requirements, such as the convenience of direct travel, multi-destination trips within tight timeframes, and access to locations not served by commercial flights. As of 31 March 2025, the company had 22 permanent employees and has engaged 2 persons on retainership basis. The company recorded revenue from operations of Rs 193.90 crore and net profit of Rs 28.41 crore for the period ended 31 March 2025.
Mint
01-08-2025
- Business
- Mint
Flysbs Aviation IPO Day 1: GMP signals 87% listing pop! Issue booked 50% so far. Check details
Flysbs Aviation IPO: Private jet service provider, Flysbs Aviation, launched its initial public offer (IPO) on Friday, August 1. The ₹ 102 crore issue will remain open for bidding till August 5. The issue is entirely a fresh issue of ₹ 45.57 lakh shares, with the Flysbs Aviation IPO price band set at ₹ 210 to ₹ 255 per share. Investors can apply for the IPO in lots of 600 shares. Retail investors need to apply for a minimum of two lots or 1,200 shares, requiring an investment of ₹ 2,52,000. The company plans to use the funds raised from the share sale for funding capital expenditure towards the acquisition of six new aircraft on a long-term dry lease basis, repayment of certain borrowings availed and general corporate purposes. Over the years, the company has seen an increase in its total income from ₹ 35 crore as of FY23 to ₹ 195 crore in FY25. Meanwhile, its PAT has also jumped to ₹ 28 crore from ₹ 3 crore during the same period. As of 11.10 am, Flysbs Aviation IPO was booked 65%. The retail portion was subscribed 2.08 times, while the non-institutional investor (NII) segment was booked 56%. The qualified institutional buyer (QIB) portion received nil bids so far. The grey market premium (GMP) for Flysbs Aviation IPO was solid, signalling a possibility of stellar listing gains for investors. However, investors must not solely base their decision on the GMP, and consider a company's fundamentals and their own risk appetite. Flysbs Aviation IPO GMP today is ₹ 195. This means shares of Flysbs Aviation IPO are trading ₹ 195 above the issue price of ₹ 225. At this GMP and issue price, Flysbs Aviation IPO listing price could be ₹ 420, a premium of 86.67%. Flysbs Aviation is engaged in the business of providing private, non-scheduled air charter services from India. It is a DGCA-approved Non-Scheduled Airline Operator, holding a valid Air Operator Permit. The company, in its RHP, said that its customer base includes entrepreneurs, senior corporate executives, politicians, diplomats, celebrities, and other VIPs — all of whom require tailored services to meet their specific travel needs. These demands often encompass flexible flight schedules, access to exclusive destinations, premium luxury amenities, privacy, and stringent security protocols. Vivro Financial Services Private Limited is the book-running lead manager of the Flysbs Aviation IPO, while MUFG Intime India Private Limited is the registrar for the issue. The shares of Flysbs Aviation are slated to list on NSE SME.
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Business Standard
20-07-2025
- Business
- Business Standard
DGCA removes window shade advisory, photography ban remains at IAF airports
The Directorate General of Civil Aviation (DGCA) announced that the advisory requiring the lowering of window shades during aircraft operations at Indian Air Force Joint User Airports (JUAs) has been withdrawn. However, the ban on aerial and ground photography at these airports remains in effect. The DGCA emphasised on Saturday that the prohibition on aerial and ground photography continues to apply to all aircraft operations at IAF JUAs. "Advisories to Air operators on the prohibition of aerial and ground photography and the lowering of window shades were issued as per instructions from the IAF to enhance operational safety at Joint User Airports (JUAs)," The DGCA said in a statement. The statement added, "However, after receipt of revised instructions, lowering of window shades is no longer required, while the prohibition on aerial/ground photography remains in effect for all operations at IAF JUAs." Earlier this month, the DGCA took a significant step to raise the standards of pilot training in India. On July 9, the aviation regulator formally launched a national ranking framework for Flying Training Organisations (FTOs) with the aim of improving transparency, consistency, and performance across the sector. The initiative aims to ensure standardisation, safety, and accountability in India's aviation training sector. The ranking system will be implemented as of October 1, 2025, and rankings will be published twice a year, on April 1 and October 1, to provide timely and updated evaluations of FTO performance. According to the DGCA's public notice issued on July 8, the ranking framework is designed to standardise training quality across DGCA-approved institutions, enhance transparency for students and their families choosing FTOs, encourage continuous improvement and adoption of global best practices, and support regulatory decision-making, including identifying high-performing institutions for possible expansion or partnerships. FTOs will be categorised into four tiers based on their performance scores: A++ (85% and above), A+ (70% to less than 85%), A (50% to less than 70%), and B (below 50%). FTOs placed in the 'B' category will receive formal notifications from DGCA to conduct internal reviews and take corrective actions.
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Business Standard
07-07-2025
- Business
- Business Standard
Pilot medical test mandate by DGCA sparks concern in aviation sector
A recent directive issued by the Directorate General of Civil Aviation (DGCA) regarding medical examinations for commercial pilots has triggered alarm within Indian airlines and among pilots, according to a report by The Economic Times. Last week, the civil aviation regulator mandated that all medical evaluations for commercial pilots must now be conducted exclusively at the Indian Air Force (IAF) Boarding Centres. This marks a reversal from the previous policy, which permitted these assessments to take place at private hospitals and with DGCA-approved medical examiners. Concerns over military-level standards and delays According to DGCA regulations, all pilots are required to undergo regular and comprehensive medical examinations. However, airline officials have reportedly expressed concern that the medical standards applied to military pilots are significantly more rigorous than those needed for commercial aviation. They argue that these elevated standards, coupled with the IAF's limited capacity, could potentially impact flight operations due to pilot shortages. Airline executives also reportedly warn that the heightened standards may result in a greater number of pilots being deemed medically unfit. This, in turn, could exacerbate the current pilot shortage and raise insurance costs for carriers. An official told The Economic Times that the philosophy and requirements for clearing pilots in the civil and defence sectors were fundamentally different, which is why all other countries had felt the need to separate civil aviation medical assessments from the military system. Commercial pilots criticise move Commercial pilots have voiced their opposition to the new rules, warning that this move could ground additional pilots at a time when the industry is already grappling with personnel shortages, Business Today reported. The Airline Pilots' Association of India (Alpa India) has highlighted logistical challenges, noting that there are currently only three IAF Boarding Centres across the country – located in Delhi, Jorhat, and Bengaluru. Pilots are also required to book appointments during their off-duty hours, adding to their burden. The DGCA has stated that the IAF Boarding Centres may request further investigations based on medical history and clinical examination in order to determine a pilot's fitness.
NDTV
24-06-2025
- General
- NDTV
Explained: How To Become A Pilot After Class 12th In India
Becoming a pilot in India offers a thrilling and rewarding career path. It combines technical knowledge, physical and mental fitness, and a true passion for flying. Whether you dream of flying commercial planes, private jets, or even serving the nation through defense aviation, the path to becoming a pilot is both structured and rewarding. Here are the essential steps - from eligibility and training to licenses and career options - to help you start your journey in aviation. Who Can Become a Pilot in India? The minimum age to begin pilot training in India is 17 years. You must have passed Class 12 (10+2) with Physics and Mathematics as core subjects. Apart from education, your physical health is equally important. You must obtain a Class 2 medical certificate issued by a DGCA-approved medical examiner to ensure you are medically fit to undergo flight training. Later, you will need a Class 1 medical certificate to get your Commercial Pilot License (CPL) and work in airlines. What Are the Different Types of Pilots? In India, aspiring pilots can choose between two main paths: Civil Aviation A civil aviation pilot flies for commercial airlines, cargo companies, private jets, or charter flights. To enter this field, you need to undergo flight training and obtain a Commercial Pilot License (CPL). Defence Aviation On the other hand, a defense pilot serves in the Indian Air Force. These pilots are selected through competitive exams and undergo rigorous training to fly fighter or transport aircraft as part of national defense services. Where Should You Do Pilot Training? To become a commercial pilot, you must enroll in a flight training school approved by the Directorate General of Civil Aviation (DGCA). These schools offer both theoretical and practical training. Theoretical classes, often called "ground school," include subjects like air navigation, aviation regulations, meteorology (weather science), and aircraft systems. Once you understand the basics, you begin practical training under the supervision of certified flight instructors. You must complete a minimum of 200 flying hours, which includes solo flights, dual flights with instructors, and cross-country navigation exercises. How Do You Get a Commercial Pilot License (CPL)? Once your training is complete, the next step is to pass several exams conducted by the DGCA. These include tests in air regulations, meteorology, navigation, technical knowledge of aircraft, and radio telephony (RTR). After clearing these exams and completing your required flying hours, you can apply for your CPL. This license authorises you to fly commercial aircraft and is your gateway to job opportunities in the aviation industry. How Much Does It Cost to Become a Pilot? Pilot training is a significant financial investment. The cost for CPL training in India typically ranges between Rs 40 lakh to Rs 50 lakh. If you choose to add a type rating course later, it can cost another Rs 15-25 lakh, depending on the aircraft model. How Long Does It Take to Become a Pilot? Becoming a pilot is not only expensive but also time-consuming. Generally, it takes about 18 to 24 months to complete CPL training, assuming there are no weather delays or backlogs in flying hours. However, the duration can vary depending on the training schedule, school facilities, and how quickly you pass your DGCA exams. What Career Options Do You Have After Becoming a Pilot? Once you receive your CPL, a range of career paths open up. You can apply to domestic and international airlines as a First Officer (co-pilot), or join private charter companies and fly VIP clients. Some pilots choose to become flight instructors, helping train the next generation of pilots.
