Airlines Financial News

domestic aviation space. It is the pilot shortage at Akasa, the cancelled flights, and irate passengers. Or the hikes in passenger fares following the news, within an hour.

Israel arrived back in Kathmandu in the wee hours of Friday, the Government of Nepal has announced to make further arrangements to bring back citizens from Israel. A Nepal Airlines wide-body aircraft, which flew to Tel Aviv on Thursday morning to bring back the Nepali students, landed in Kathmandu at around 3 am (Local Time) on Friday. Leading the rescue mission, NP Saud, Minister of Foreign Affairs of the Himalayan Nation announced the arrival of 254 students in the first batch of evacuation while 249 still wait back in Israel for airlift. «The Nepal Embassy in Tel Aviv had earlier registered Nepali citizens who wanted to be located in safer areas and those wanting to return back to Nepal. Till now a total of 557 Nepali citizens have registered themselves, of which 503 wanted to return to Nepal and of them a total of 254 students have been evacuated under the first phase of evacuation efforts,» said Saud while addressing media persons here at the airport on Friday morning. «Currently in Tel Aviv commercial flights are commencing on a daily basis.

Piper Sandler Chief Global Economist Nancy Lazar details her economic expectations for the second half of the fiscal year on ‘Mornings with Maria.’

Delta Air Lines says it made $1.11 billion in the third quarter, thanks to planes that were packed with travelers this summer

A British judge has ruled in favor of Richard Branson’s Virgin group in its lawsuit against a U.S. train company over a licensing agreement

Malaysian budget carrier MYAirline has abruptly suspended operations less than 11 months after it took to the skies

FRANKFURT (Reuters) — Lufthansa on Thursday extended its suspension of flights to Israel until Oct. 22 over security concerns, the company said.

₹155.65 crore. While the merger of the two airlines took its combined fleet to 56 aircraft, it is set to increase substantially over the next one year as the airline will induct at least 50 of the 190 Boeing 737 MAX aircraft that Air India ordered in February.

Virgin Australia has told staff it has offered to help get Australian citizens out of Israel if they want to leave, after the transport minister sought help from airlines and Qantas pledged to add two flights starting on Friday.

Civil Aviation Ministry is focused on airports undertaking adequate «fog planning» for better servicing of airlines in the northern states, a senior government official said on Thursday. Civil Aviation Secretary Vumlunmang Vualnam, said the immediate focus is to ensure that the increasing air traffic in the winter season is well serviced in the airports by the airlines. «Winter is coming.

Jettwings Airways on Thursday said it has submitted an Expression of Interest for the grounded Go First, which is undergoing an insolvency resolution process. The carrier, which has its base in Guwahati, recently received a No Objection Certificate (NOC) from the civil aviation ministry to operate as a scheduled commuter airline.

By Rajesh Kumar Singh

Naveen Jindal, the promoter of Jindal Steel and Power, is understood to have put in an expression of interest (EoI) to buy insolvent airline Go First, multiple highly placed sources close to the development told ET. The Wadia family-owned Go First is India's first commercial carrier to have voluntarily sought bankruptcy protection. The EoI has been submitted by unlisted Jindal Power, which is owned by Worldone Pvt Ltd, a closely held company of Naveen Jindal. Green foray It is not clear whether the company is looking to acquire the airline outright or come in as a strategic investor, the sources cited above said. There were two other bidders for the airline, officials said, but they did not meet the eligibility criteria set out by the creditors. «The government, the legal ecosystem and regulators are moving as swiftly as possible on the legalities to save the airline,» said an official, requesting not to be named.

Israel and repatriate the country's citizens, as the industry faced a warning over insurance cover amid escalating violence in the wake of weekend attacks. Israeli flag carrier El Al said it would operate 12 extra flights on Wednesday and Thursday to and from Athens, Rome, Madrid, Bucharest, New York, Paris, Larnaca and Istanbul. Its low-cost unit Sun Dor also plans rescue flights from Istanbul. El Al had already announced an additional flight from New York and six flights to and from Larnaca. The latest move came as the combined death toll reported by both sides following the weekend attacks by Palestinian militant group Hamas and retaliatory strikes by Israeli forces reached more than 2,000 people. Most foreign airlines have suspended or curtailed services, leaving passengers uncertain how to leave or reach the country and consular services struggling to keep up with demand for assistance, with priority given to those with missing relatives. Israel's parliamentary finance committee said late on Tuesday it would debate authorising state guarantees for providing war risk insurance for Israeli airlines. The panel said insurance companies had indicated they were entitled to cancel cover with seven days' notice.

By Gabriel Araujo

London’s Luton Airport has reopened after a vehicle fire spread through a newly built parking garage and caused the partial collapse of the structure

A massive fire has torn through a newly built parking garage at one of London’s international airports

By Ayushman Ojha

(Reuters) — Air Canada has been sued by Miami-based transport and security services provider Brink's, which alleged the airline of «negligence and carelessness» related to a gold and cash heist at a Toronto cargo facility in April, a court filing showed.

Go First has received an expression of interest (EoI) from Jindal Power Ltd, two banking sources and two people aware of the development told Reuters. An EoI is the first step in the bidding process and may not result in a financial bid. «Jindal Power was the sole successful applicant whose expression of interest was accepted by banks,» said a banker with a state-run bank that has exposure to Go First. The power generation company «will be conducting proper due diligence and post which it could submit a formal bid», said the banker, who did not wish to be named as he was not authorized to speak to the media. Go First's resolution professional, who conducts the insolvency process, and Jindal Power did not immediately respond to Reuters requests for comment. The last day to submit EoIs was Sept.

MUMBAI : Indian insolvent airline Go First has received an expression of interest from Jindal Power Ltd, two banking sources and two people aware of the development told Reuters. An expression of interest is the first step in the bidding process and may not result in a financial bid.