Air India receives third Boeing 787 Dreamliner

safia@coastaldigest.com (PTI)
October 7, 2012
air_india_dreamliner

New Delhi, October 7: Air India received its third Boeing 787 Dreamliner, the first aircraft coming out of the new North Charleston facility of the American manufacturer, the company said on Saturday.

"We are delighted to be the first airline in the world to take delivery of a Dreamliner from this beautiful factory and look forward to taking many more," Air India Board member KM Unni said after receiving the first plane from the new plant.

He said the B-787 was "an airplane with unmatched efficiency and technology which will help in our airline's turnaround plan," a Boeing statement from North Charleston quoting him said.

In September, Air India took delivery of its first of the 27 Dreamliners on order. The aircraft is equipped with 18 business class seats and 238 in the economy class. Work on the first South Carolina-built airplane began in October 2010 with fabrication of the aft fuselage and assembly of the mid-body section. Final assembly began in June 2011 and the completed airplane rolled out in April 2012 and flew for the first time in May, the release said.

"With two 787s successfully introduced to Air India's fleet, passengers are enjoying breakthrough features such as larger windows, lower cabin altitude and unprecedented flying experience," Dinesh Keskar, senior vice president of Asia Pacific and India Sales, said. Two of these planes are already being flown in the domestic sector.

The South Carolina plant's Vice President Jack Jones said, "In just under three years of breaking ground, we've flown and delivered our first airplane built here. This is a tribute to the remarkable Boeing South Carolina team and the support we've received from our airline customers, our supplier partners, the Boeing enterprise".

The Dreamliner is the first commercial jetliner made primarily of advanced composite materials. It offers exceptional passenger comfort features including cleaner air, higher humidity, bigger windows that dim electronically and more overhead storage space.

The aircraft's fuel efficiency is 20 per cent better than other airplanes in its class, which also results in 20 per cent lower carbon emissions, the Boeing statement said.


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News Network
March 11,2020

Mar 11: Thirteen of the 22 rebel MLAs in Madhya Pradesh have given an assurance that "they are not leaving the Congress", senior party leader Digvijaya Singh said on Thursday while expressing confidence that the Kamal Nath-led government in the state will win a floor test.

"We are not keeping quiet. We are not sleeping," Singh told PTI, a day after Congress leader from the state Jyotiraditya Scindia quit the Congress and 22 MLAs submitted their resignations from the assembly in Madhya Pradesh.

Scindia was offered the post of Madhya Pradesh deputy chief minister but wanted his nominee, Singh said. However, Kamal Nath refused to accept a "chela", he said.

Scindia, he said, could have been a Congress nominee to the Rajya Sabha but "only Modi-Shah" can give a Cabinet post to the "over-ambitious" leader.

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News Network
June 1,2020

New Delhi, Jun 1: India's COVID-19 tally on Monday witnessed its highest-ever spike of 8,392 cases, while 230 more deaths related to the infection were also reported in the last 24 hours, according to the Union Ministry of Health and Family Welfare (MoHFW).

The total number of coronavirus cases in the country now stands at 1,90,535 including 93,322 active cases, 91,819 cured/discharged/migrated and 5,394 deaths.

COVID-19 cases in Maharashtra continue to soar with the number reaching 67,655. Tamil Nadu's coronavirus count stands at 22,333 while cases in Delhi the number has reached 19,844

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News Network
March 4,2020

New Delhi, Mar 4: The government on Wednesday permitted NRIs to own up to 100 per cent stake in disinvestment-bound Air India.

The decision comes at a time when the government is looking to sell 100 per cent stake sale in the national carrier.

Union minister Prakash Javadekar said the Cabinet has approved allowing Non-Residents Indians (NRIs) to hold up to 100 per cent stake in Air India.

Allowing 100 per cent investment by Non-Resident Indians (NRIs) in the carrier would also not be in violation of SOEC norms. NRI investments would be treated as domestic investments.

Under the Substantial Ownership and Effective Control (SOEC) framework, which is followed in the airline industry globally, a carrier that flies overseas from a particular country should be substantially owned by that country's government or its nationals.

Currently, NRIs can acquire only 49 per cent in Air India. Foreign Direct Investment (FDI) in the airline is also 49 per cent through the government approval route.

As per the existing norms, 100 per cent FDI is permitted in scheduled domestic carriers, subject to certain conditions, including that it would not be applicable for overseas airlines.

In the case of scheduled airlines, 49 per cent FDI is permitted through automatic approval route and any such investment beyond that level requires government nod.

On January 27, the government came out witha Preliminary Information Memorandum (PIM) for Air India disinvestment. It has proposed selling 100 per cent stake in Air India along with budget airline Air India Express and the national carrier's 50 per cent stake in AISATS, an equal joint venture with Singapore Airlines.

Under the latest disinvestment plan, the successful bidder would have to take over only debt worth Rs 23,286.5 crore while the liabilities would be decided depending on current assets at the time of closing of the transaction.

This is the second attempt by the government in as many years to divest Air India, which has been in the red for long.

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