Airlines Financial News

Qatar Airways has been renewed as the airline sponsor for the men’s World Cup in 2026 in North America and the 2030 tournament expected to be in Europe, Africa and South America

Shares are mostly lower in Asia after a modest advance on Wall Street that kept the market on track for a fourth straight weekly gain

NCLAT) on Wednesday stated that it would not entertain more requests for adjournment in the State Bank of India (SBI)-led consortium of lender’s appeal against Jalan-Kalrock Consortium (JKC). “We make it clear that no request for adjournment by either side will be entertained on the next date,” the bench said, listing the matter for December 11. The State Bank of India counsel had asked for an adjournment, as the apex court will take up the Jet Airways’ matter on December 5. The lenders had approached the SC in October, claiming that the resolution plan could not be implemented as the consortium had failed to comply with conditions. The counsel for JKC, however, pleaded that the matter be heard. But the counsel representing the lenders, led by State Bank of India, argued that the consortium was showing urgency in the appellate tribunal but seeking adjournments in SC. “They have been filing Interlocutory Applications in our appeals, and nothing is happening. We have brought this to the Supreme Court’s notice, and the Supreme Court will be hearing five matters together,” added the counsel. He further stated that the airline was now asking for a restoration of Rs 200 crore, which it had deposited in two installments in August and September.

₹200 crore deposit and simultaneous appeals for urgent hearing at the Supreme Court. JKC has said that the funds are sought for equity issuance in the airline, an action not yet executed by the lenders.

₹10 lakh on Air India for its failure to comply with rules pertaining to facilities that are required to be provided to passengers. The DGCA had carried out inspections of airlines at Delhi, Kochi and Bangalore airports, and found that Air India was not complying with the provisions of the relevant Civil Aviation Requirement (CAR).

DGCA has imposed a penalty of Rs 10 lakh on Air India for its failure to comply with norms pertaining to facilities that are required to be provided to passengers. After carrying out inspections of airlines at Delhi, Kochi and Bangalore airports, the regulator observed that Air India was not complying with the provisions of the relevant Civil Aviation Requirement (CAR).

Millions of people are expected to hit airports and highways in record numbers over the Thanksgiving holiday

Statistics Canada says airfares have plummeted over the past year, as airlines shore up capacity even while consumers think twice about travelling in a world of higher costs.

Frontier Airlines CEO Barry Biffle provides insight on air traffic control on 'The Claman Countdown.'

Delhi High Court has asked low-cost airline SpiceJet's Managing Director Ajay Singh to appear before it in January in proceedings relating to a dispute over interest dues on arbitral award of over Rs 570 crore passed in favour of media baron Kalanithi Maran. «Ajay Singh, the Managing Director, shall remain present on the next date of hearing,» Justice Manoj Kumar Ohri said in the order passed on Monday and listed the matter for further hearing on January 10 next year. Ajay Singh had earlier also appeared before the high court on August 24.

About a third of Qantas, Jetstar and Virgin Australia domestic flights were late in October, new official statistics show.

UFO was spotted in the skies, officials told PTI. The disruption caused delays for three flights and led to the diversion of two planes before services were normalised after three hours, they added. The Indian Air Force Eastern Command at Shillong was also informed, as per the official.

State Bank of India The government on Monday appointed Vinay M. Tonse as the Managing Director of the lender until November 30, 2025.

₹100 crore to former promoter Kalanithi Maran, and instead proposed an equity issuance to settle his dues. - The court, while hearing the matter, expressed skepticism over SpiceJet's claims of insolvency, saying it is a common plea among debtors. It also noted that Maran cannot be forced to accept shares as a settlement.

By Rajesh Kumar Singh

Indian railway stocks have witnessed an unprecedented surge in their stock prices over the past two years, with some stocks skyrocketing from less than ₹20 to as high as ₹100 during the bull market. This remarkable growth can be attributed to the industry's vast scale, extensive network connections, and the anticipated surge in demand for its services. India's rapid economic growth is fueling an increase in demand for both freight and passenger rail services.

London/Singapore | Airlines are struggling to convince investors to back the travel recovery despite reporting booming profits and splurging tens of billions of dollars on new planes.

Virgin Australia has dodged the threat of disruptive industrial action from ground staff during the peak Christmas period, agreeing to a pay deal that will deliver some workers pay rises as high as 20 per cent in the first year.

Also read: For India to become an aviation hub, first fix airport terminal connectivity Groupe ADP operates the two airports in Paris and has stakes in TAV Airports - the Turkish company, which owns or operates airports across multiple countries from Kazakhstan to Chile. The investments were linked to GMR infrastructure, the listed company, reorganising itself into GMR Airports and the non-airport assets being separated. For the nine months ended September, total traffic at the two airports in Paris stood at 75,563,078.

World Cup final, a single-day event. Comparatively, the two days prior to Diwali (which was on 12 November), a pan-India festival, saw just 413,953 and 394,289 passengers, respectively. This month, so far, the average daily air traffic is over 402,000 passengers, compared to 431,000 in November 2019.

SEATTLE, WA : In May, Sam Altman, co-founder and chief executive officer of Microsoft-backed OpenAI who was fired on Friday, had stirred a hornet’s nest, commenting on India’s attempt to develop a generative artificial intelligence (AI) tool like ChatGPT, terming it “hopeless", while responding to a question by Rajan Anandan, the managing director of Peak XV Partners, and a former head of Google India. Altman later clarified that his response was “…really taken out of context! (and that the)...question was about competing with us with $10 million (as opposed to $100 million), which I do think is not going to work..." That said, India does not have a semiconductor fab to build chips required to power a large language model (LLM) or LLM-powered chatbot.