The ultimate penalty of non-payment is repossession of the leased planes.

The new 160-seater, single-aisle aircraft boasts of an enhanced cabin design with bigger and wider seats, larger over-head cabins and windo...

Under the agreement, the Jindal Group will offer five aircrafts while Raymond will let out a business jet, the Challenger 604.

GE and Alstom are ahead in the race to bag contracts for the setting up of multi-crore diesel and electric locomotive factories in Bihar.

Three global companies have submitted financial bids for setting up of a modern electrical locomotive factory in Madhepura in Bihar at the ...

Suresh Prabhu approves the two big-ticket FDI proposals for setting up diesel and electric locomotive plants in Bihar at a cost of Rs 2,400...

Industry executives say that high taxes and royalty charged by airports make the levies in India up to 50% higher than the global average.

The Chinese companies did not qualify and that is why they could not be shortlisted for RFQ in both the projects, said a senior Railway Min...

The decision came after VistaJet's high net worth clients told the company they wanted to fly their planes for their entire trip to India.

The Indian private jet industry has long been hobbled by high taxes on jet fuel, exorbitant charges at airports, poor infrastructure and wo...

India has become an exciting market and companies are now gearing up to grab the huge contracts.

Power equipment major Bharat Heavy Electricals (Bhel) will now set up a greenfield project for manufacturing locomotives in the country.

Several global biggies are in race for bagging contracts for the Indian Railways' freight corridor project.