Saturday, Jun 22 2024 | Time 06:07 Hrs(IST)
image
Business Economy


Simaero to invest $100 million to train around 5,000 pilots

New Delhi, May 30 (UNI) Flight simulator provider Simaero on Thursday said that it will invest $100 million in India to train up to 5,000 pilots over the next five years.
"The firm will bring in the investment in a phased manner to create training infrastructure and install flight simulators to meet the growing demand for pilot training in India and the South Asian region," the company said.
Indian aviation sector is among the fastest-growing markets in the world thus requiring more pilots to meet the demand.
"Simaero’s decision to enter the Indian aviation market is driven by the record-setting aircraft orders, which have exceeded the current active fleet. Indian carriers have over 1,200 Airbus aircraft and 470 Boeing aircraft on order,"Simaero said.
Nicolas Moute, CEO of Simaero, said that the company's investment in India reflects its confidence in the country's strong economic foundation and the promising growth of the aviation industry.
Khushbeg Jattana, General Manager of Simaero India, added, “We are committed to bringing top-notch training solutions to India, supporting the growth and operational efficiency of local and regional airlines. Our new training centre in Delhi NCR will set a new standard in aviation training in the region."
Simaero said that its proposed $100 million investment in India will be strategically allocated to the infrastructure for the training centre and the development of a trained local workforce.
UNI NK CS1548
More News

Stock limit imposed on Tur, Chana to check hoarding & prices

21 Jun 2024 | 8:18 PM

New Delhi, June 21 (UNI) The government Friday issued an order imposing stock limits till September 30 this year on specific pulses applicable to wholesalers, retailers, big chain retailers, millers and importers to prevent hoarding and check prices of essential commodities.

see more..

N Sitharaman holds pre-Budget consultation with agri experts, MSMEs

21 Jun 2024 | 7:12 PM

New Delhi, June 21 (UNI) As part of pre-Budget consultation with stakeholders, Union Finance Minister Nirmala Sitharaman held meetings on Friday with representatives from farmer associations and agriculture economists.

see more..

HZL & AEsir Technologies join hands for developing Zinc batteries

21 Jun 2024 | 7:07 PM

New Delhi, June 21 (UNI) Hindustan Zinc Ltd (HZL) on Friday said that it has signed an MoU (memorandum of understanding) with US-based AEsir Technologies for developing Zinc batteries.

see more..

ONGC and Indian Oil sign pact to set up LNG plant

21 Jun 2024 | 7:00 PM

New Delhi, June 21 (UNI) State-owned energy majors Oil and Natural Gas Corporation (ONGC) and IndianOil Corporation Limited (IOCL) have signed a memorandum of understanding (MoU) to establish a small-scale Liquefied Natural Gas (LNG) plant near the Hatta Gas Field in the Vindhyan Basin.

see more..

Centre assures states & farmers to procure pulses (Tur, Urad & Masur) at MSP

21 Jun 2024 | 6:31 PM

New Delhi, June 21 (UNI) Centre on Friday assured the states and farming community to procure pulses – Tur, Urad and Masur, at Minimum Support Prices (MSP) to ensure crop diversification and achieve self-sufficiency in pulse production.

see more..
image