Airlines Financial News

Air India said in a social media post on X. After being fully acquired by Tata Sons in January 2022, Air India underwent this rebranding.

Qantas says it provided feedback to Transport Minister Catherine King on a request from Turkish Airlines on July 7, two weeks before the minister denied the airline had asked for permission to fly to and from Australia.

₹300-1,000 on every ticket beginning 6 October. SpiceJet is also planning a fuel surcharge, an airline executive said. “Fares were already trending higher for the festive months of October and November due to high travel demand.

allowing aircraft lessors to recover their planes during insolvency proceedings as well. The ministry said that the earlier IBC regime was impacting the agreements between Indian airlines and foreign lessors.

₹10 lakh. It was also alleged that Singh had handed over outdated and invalid DIS (delivery instruction slip). In April 2022, the high court had granted interim relief to Singh, staying any coercive action against him by the police.

read that management book you have been meaning to for months. Corporate dress codes may have relaxed but opt for transatlantic athleisure only if you have time to change before heading to your meeting after you land. Boarding the red-eye in pyjama bottoms is not OK.

Finnish airline Finnair said on Friday it planned to raise up to 600 million euros ($632 million) in a rights issue to shore up its finances and allow it to resume dividend payments from 2025.

Air India on Friday announced that it has commissioned a mega warehouse facility in Delhi to facilitate storage of over 1,000,000 engineering spares that are integral to maintenance, checks and repairs of its aircraft and ground support equipment. The airline said the move will further enhance Air India’s fleet and operational efficiency and strengthen India’s expanding aviation ecosystem. Located in the proximity of Terminal 3, at the Cargo complex of Delhi Airport’s Air Cargo Logistics division, the centralized warehouse sprawling 54,000 sq. ft.

World Cup hosted by India kicks off, investors are combing through the market to spot stock winners who could be beneficiaries of the country's most popular sport. Brokerage Jefferies said several consumer-facing businesses could see an uptick in sales as the World Cup coincides with the peak festive season.

Qantas says it has extended a Chairman’s Lounge membership to every secretary and deputy secretary in the federal bureaucracy, as well as the chair and chief commissioners of key government agencies.

By David Shepardson

₹300-1,000 on airfares due to the steep rise in jet fuel prices, the airline said. The surcharge will be added to airfares booked from 6 October onwards. “The decision follows the significant increase in aviation turbine fuel (ATF) prices, which have surged in the last three months with consecutive price hikes every month," the airline said.

Airline Indigo on Thursday introduced fuel charges due to rising Aviation turbine fuel (ATF) prices on its domestic and international routes. The said charges will come into effect from October 6.

₹ 300 501-1000 ₹400 1001-1500 ₹550 1501- 2500 ₹650 2501 – 3500 ₹800 3501 and above ₹1000 IndiGo remains committed to offer affordable fares to its valued customers. IndiGo will also publish the tariff sheet subsequently, with the sector-wise charges that can be viewed on www.goindigo.in IndiGo is amongst the fastest-growing low-cost carriers in the world.

Click here! “The airline has termed it to be a step under its ‘gender-sensitive seat assignment practice’, and has also asked the concerned department to ensure that no middle seats are assigned to solo women travellers when both window and aisle seats are occupied by male passengers," HT reported quoting people familiar with the development in the airline. “Every flight has at least 10% solo women travellers.

announced specific exemptions from the Insolvency and Bankruptcy Code (IBC) for aircraft, engines, and related parts. Notably, Section 14(1) of the IBC, which enforces a moratorium on insolvency proceedings, would no longer apply to transactions, arrangements, or agreements concerning aircraft, aircraft engines, airframes, and helicopters.

Also read: ICC World Cup 2023: Complete schedule of match fixtures, livestreaming details and more Further, the economists expect total Indian viewership for the tournament, including both on television and streaming platforms, to be far larger than the 552 million seen in 2019. The viewership may generate ₹105 billion to ₹120 billion in TV rights and sponsorship revenue “on a conservative basis". The economist at the bank of Baroda also predicted that the ICC Cricket World Cup may also cause inflation.

New Delhi: In a bid to strengthen direct connectivity between India and Uganda, the state carrier Uganda Airlines plans to offer direct flights to Delhi and Chennai. The move aims at tapping the demand potential across the Indian community with trade links in Uganda along with leisure traffic, a senior executive at the airline told Mint in an interaction. The airline will launch its first direct flight with the Indian market on 7 Oct with a direct flight between Mumbai and Entebbe.

Telstra’s investors should vote against the re-election of Maxine Brenner to the telecommunication group’s board because of “material failures” in her oversight at Qantas, an influential proxy advisory firm has told clients.

Jet Airways on Wednesday said that the Jalan-Kalrock consortium, the beleaguered airline's would-be-owners, should disclose the source of the ₹200 crore it has paid as part of the first tranche of payment to take control of the carrier. The counsel for the lenders said before the National Company Law Appellate Tribunal (NCLAT) in Delhi that JKC needs to disclose the source of the funds as part of the resolution plan, and that the money should come from JKC and not a third party. In this regard, the lenders have also filed a petition before the NCLT in Mumbai. Jet has been grounded since April 2019, after being unable to pay for its day-to-day operations. The NCLAT has asked Jet's committee of creditors — led by SBI — to file its objections to the compliance report filed by JKC before the next date of hearing, which is October 12. The counsel for JKC will also make submissions on the source of funds at the next date of hearing.

By Mrinalika Roy