Airlines Financial News

The US dollar crisis in Bangladesh has intensified as the open market rate soared to Tk128 per dollar Today, a sharp increase from the rate earlier in the week. Despite the Bangladesh Bank's (BB) stringent directives and warnings of harsh penalties for non-compliance, banks and money changers continue to bypass BB's fixed exchange rates, leading to a surge in illegal currency trading.

A jury has awarded over $1.2 million to Robert De Niro's former personal assistant after finding his production company engaged in gender discrimination and retaliation

NASA astronaut Frank Borman, commander of the first Apollo mission to the moon, has died at age 95

Azul Airlines flight from the US to Brazil faced scrutiny after a passenger's body was left on a business-class seat for 10 hours. The incident unfolded during a flight from Fort Lauderdale in Florida State to Belo Horizonte International Airport in Confins, Brazil. Azul Airlines, in a statement, expressed their condolences: «Unfortunately, she did not survive and died during the flight, as confirmed by a doctor on board.» The airline is extending support to the family members of the deceased passenger. Upon landing, passengers were held on board for 40 minutes as police conducted inquiries and a coroner performed necessary tests.

Flying between Sydney and Melbourne is generating more revenue than any other route in the world – almost double the level before the COVID-19 pandemic – despite a fall in the number of passengers travelling.

The reporter is in Singapore at the invitation of Association of Asia-Pacific Airlines.Milestone Alert!Livemint tops charts as the fastest growing news website in the world

Benchmark NSE Nifty closed 30.05 points up at 19425.35 amid buying in frontline bluechip counters. However, stocks such as M K Proteins, Hindcon Chemicals, Compuage Infocom, AKG Exim Ltd.

BSE Sensex surpassed 67,900. While going ahead, experts expect volatility in the near term, they have an overall positive outlook for the Indian equity market, especially in the long term.

₹one lakh crore is a significant milestone for the listed companies. Since last Diwali nine companies have successfully achieved this, demonstrating their resilience in a volatile market. Bharat Electronics crossed the ₹one lakh crore market capitalisation on September 01.

Maharaja' using Microsoft's Azure OpenAI service, which responds to over 6,000 consumer inquiries every day, is set to get more advanced functionality. The airline is using ChatGPT to assess questions, even some complex ones that it might not be able to respond to right away, in order to enhance customer experience in subsequent contacts and help it become more natural language sensitive, the company said in a press release on Friday. Air India said it has successfully implemented 'Maharaja', making it the first airline in the world to do so. Since its experimental introduction in March 2023, the agent has satisfactorily addressed over half a million client queries, Air India said.

Khalistani leader Pannun's Air India Threat: Delhi, Punjab airports bar visitors "We are asking the Sikh people not to fly via Air India. From November 19, there will be a global blockade. Air India won't be allowed to operate.

IndiGo is gearing up to launch an electrifying air taxi service. India's leading airline is set to offer a cost-competitive solution. It will solve the perennial problem of urban traffic congestion.

The nation’s top accident investigator says a surge in close calls between planes at U.S. airports this year is a clear warning sign that aviation is under stress

premier carriers. “I believe Vistara is widely recognized as the best carriers in India. It is something that we created with our partners...

WASHINGTON (Reuters) — The Federal Aviation Administration is naming a pilot mental health committee to provide recommendations to address barriers preventing pilots from reporting mental health issues.

InterGlobe Aviation Ltd’s flight would face some disturbance in FY24. InterGlobe runs IndiGo, India’s largest airline by market share. Pratt & Whitney engines are facing a ‘powder metal’ issue, and 600-700 engines are being removed worldwide for inspections.

The daughter of a retiree is looking to a major Canadian airline for answers after her father became ill on a recent 16-hour flight from India to Canada and died upon arrival.

By Anandita Mehrotra

InterGlobe Enterprises on Thursday said it along with Archer Aviation plans to launch an all-electric air taxi service across India in 2026. Once launched, the InterGlobe-Archer flight will aim to take passengers from Connaught Place in the national capital to Gurugram in Haryana in approximately 7 minutes whereas by road, the 27-kilometre-long trip will take 60-90 minutes, according to a release. Both companies have entered into a Memorandum of Understanding (MoU) with the goal of partnering to launch and operate an all-electric air taxi service in India, subject to appropriate regulatory approvals and clearances.

Air India on Thursday announced that it has entered an intermodal interline agreement with WorldTicket, the exclusive distributor for Europe’s largest railway operator, Deutsche Bahn. With this collaboration, Air India passengers will be able to travel on a single intermodal ticket beyond Frankfurt with train connections to or from other cities and towns across Germany, including those without airports, on Deutsche Bahn. The agreement will allow travellers to connect to and from over 5600 train stations in Germany on the Deutsche Bahn network. Travellers can also take train connections on Deutsche Bahn to and from Amsterdam, Brussels, and Zurich via Air India’s Frankfurt gateway, said the airline in a statement. Travellers will get the benefit of the same baggage allowance on the rail routes as offered by Air India on its own flights.

Myer’s outgoing chief executive John King predicted Black Friday trading to beat Christmas this year, after reporting improved turnover in the past seven weeks.