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ONGC to take Indian Airlines aircraft on lease
Publish Date : 5/21/2005 3:31:00 PM Source : Travel News ExpressNewsline.com
State-owned exploration major Oil and Natural Gas Corporation Limited (ONGC) has inked an agreement with Indian Airlines for long-term lease of two aircraft with an option to buy them.
The aircraft will be used by ONGC for moving its personnel - especially those involved in crisis management - to operational locations and work centres.
"According to the terms of the memorandum of understanding, Indian Airlines will enter into a service contract for operation and maintenance of these aircraft, including a provision for flying and cabin crew," ONGC said in a statement Friday.
"Indian Airlines will also be responsible for the safety of the fleet and the passengers," it said.
Indian Airlines will buy the aircraft and make it available to the ONGC in a couple of months, official sources said.
The exploration major has sought flexibility in the configuration of the seating capacity of the aircraft, which would be nine or 12.
Not disclosing the commercial terms of the contract, ONGC said that it "is retaining an option to convert the lease into purchase during the currency of the lease contract, at agreed terms".
--Indo-Asian News Service
Sri Lanka's first budget airline aborts maiden take off
Publish Date : 3/5/2007 7:07:00 AM
Sri Lanka's first budget airline ran into a rocky start when its maiden test flight to India was grounded today due to technical problems, airline officials said.
Tourism promotion can create new job opportunities in Pakistan, says MInister
Publish Date : 3/3/2007 7:06:00 AM
The development and promotion of tourism in Pakistan will not help to improve career opportunities, but also decrease the poverty level in the country, said Tourism Minister Nilofar Bakhtiar on Friday.
Employees of Indian airlines to strike work on March 12
Publish Date : 2/28/2007 8:29:00 AM
Flight services of national carrier Indian are likely to be hit on March 12, as a section of its employees threatened to strike work demanding higher wages among other things.
Kingfisher to fly new routes, add more flights
Publish Date : 2/24/2007 8:34:00 AM
Vijay Mallya-promoted Kingfisher Airlines plans to launch more flights on new routes in its summer schedule, beginning March besides introducing services connecting Tier-II cities in the western and southern regions.
India is 4th largest tourist generating market for Singapore
Publish Date : 2/24/2007 8:33:00 AM
Singapore is emerging as one of the most favoured destination for Indians, with the country receiving around 6,59,000 visitors from India in 2006.
KLM increase flights to India
Publish Date : 2/23/2007 6:27:00 AM
KLM will add one more flight to Hyderabad taking the total number of return flights to 43 to India every week.
Kapur planning to set base in Dubai
Publish Date : 1/20/2007 8:11:00 AM
Like many top international golfers, Shiv Kapur has also been smitten by the desert charm and is planning to base himself in Dubai to facilitate his travel between the Asian and European Tours.
Stranded for 36 hours, air passengers at Vizag get no help from officials
Publish Date : 1/20/2007 8:07:00 AM
For the air passengers stranded at the airport here for the past 36 hours, the nightmare has not ended as they have to consistently face ill mannered officials.
India Tourism invites Goody and friends to India
Publish Date : 1/20/2007 8:07:00 AM
India Tourism office here today invited beauty therapist Jade Goody and her friends who have been tormenting Bollywood star Shilpa Shetty in a British reality TV show to visit India and experience the "healing nature" of the country.
Indian introduces e-ticketing facility
Publish Date : 1/19/2007 10:09:00 AM
Indian Airlines Thursday said it was introducing e-ticketing facility for its customers to simplify procedures for issuing tickets.
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