Airlines Financial News

Shares in Scandinavian Airlines have dropped more than 90% after the ailing carrier announced new shareholders in a restructuring scheme that will see the company delisted and existing ownership stakes erased

Insolvency and Bankruptcy Code, 2016. The government’s action comes after the National Company Law Tribunal ruling in Go First’s case which put a moratorium on lessors to repossess aircraft. However, government officials told ET that the notification will not impact the Go First case, as it cannot be applied retrospectively. Lessors are stuck in long court battles as they try to recover their aircraft even though the bankrupt carrier now has the protection of law not to return them despite payment defaults.

(Reuters) — Healthcare workers launched a planned three-day strike at Kaiser Permanente facilities on Wednesday, even as the union and the company said talks were continuing. Strikes have begun in Virginia and Washington, with additional strikes set to begin later in the day on the West Coast.

The biggest U.S. airlines are searching for thousands of jet-engine parts with fake safety certificates that were installed on their planes, an unusual incident that highlights the complexity and risks in the aerospace global supply chain. The spare parts, from simple nuts and bolts to more critical engine fan blades, went into dozens of jet engines made by a General Electric joint venture during maintenance work.

₹350 crore. During a hearing in the National Company Law Appellate Tribunal (NCLAT) on the transfer of ownership of the airline, the lenders said they have filed a new application in the NCLT Mumbai concerning the source of the money paid to them by JKC. They claimed that the money they received had come from unknown sources, and JKC did not disclose the source of the funds.

COPENHAGEN (Reuters) — Shares in SAS tumbled 95% at market open on Wednesday after the Scandinavian airline announced new big shareholders late on Tuesday in a restructuring that will see the group delisted from bourses and existing ownership stakes erased.

United Airlines is making its second large order of new planes in less than a year, again seeking a mix of 110 aircraft from Boeing and rival Airbus as it renews its fleet

Istanbul Airport after IndiGo allegedly failed to put them on their connecting flight to India. The couple, with the husband being wheelchair-bound, were returning to Mumbai from London. They had booked a single PNR ticket for their journey, with the London-Istanbul leg operated by Turkish Airlines and the subsequent flight to Mumbai by IndiGo.

After four major U.S. airlines found unapproved aircraft parts from a UK-based vendor in their planes, WestJet says one of their aircraft was also affected.

The Treasurer’s office raised no objection to extending the competition watchdog’s monitoring of price gouging by airlines, but said Transport Minister Catherine King would need to determine it is a priority.

tourism sector, Bhutan has planned to reduce the 'expensive' airfares to lower the price for visitors travelling to the country, Bhutan Live reported. According to country's Finance Minister, this step would result in uptick of travellers to the country and increase the number of visitors that visit the nation, as the «expensive» airfare frequently discourages travellers from travelling to Bhutan. Moreover, the government has put in place a number of incentives, such as lowering the Sustainable Development Fee (SDF) from USD200 to USD100 per person, each night. Other plans, include permitting low-cost hotels to accommodate tourists and creating other long-stay incentive programmes. The government is currently taking action to encourage travellers by considering price reductions. “The government is planning with Drukair Corporation and Bhutan Airlines to reduce the airfare for the tourists.

₹100 crore to Maran out of the total due amount of ₹397 crore. According to thehigh court's 24 August order, the airline was instructed to pay ₹100 crore to Maran by 10 September. In the arbitration award execution case, Maran had claimed SpiceJet had forfeited its right to be heard in court by willfully disobeying orders.

Qantas chairman Richard Goyder standing aside would not fix the airline’s issues and investors should welcome new chief executive Vanessa Hudson’s focus on customers, analysts say, with 185 new planes set to be delivered over the next decade.

fundamentally strong small-cap stocks that could thrive in 2024. Dhanuka Agritech is one of India’s leading agri-input (pesticides and chemicals) companies. The company’s portfolio spans a wide range of crop protection products such as herbicides (accounting for 39% of the total revenues in 2023), insecticides (29%), fungicides (20%), and plant growth regulators (12%).

Bengaluru police has reported that a man, identified as Swapnil Holey, had attempted to open the emergency exit door mid-air on a Bengaluru-bound IndiGo flight from Nagpur on 30 September. He was later arrested based on the complaint filed by the airline staff.

₹43,000 to ₹48,000 on 14 October, when India plays Pakistan. Ginger is a hotel brand under The Indian Hotels Co. Ltd (IHCL).

Readers of The Australian Financial Review are tempering their discretionary spending as interest rates and the rising costs of essentials, such as groceries and petrol, sting wallets.

GE Aerospace South Asia CEO Vikram Rai said. GE Aerospace, a leading aircraft engine maker, sees a «great potential» in India, which is also the world's third largest aviation market and domestic airlines have nearly 1,500 aircraft on order. While emphasising that «India is a focus market and a priority market for GE Aerospace», Rai said that in his view, domestic airlines would consider having more wide-body planes in their fleet and also deploy them in dense domestic routes.

₹1,18,199.17 per kilolitre (Kl), up 5.14% from ₹1,12,419.33 last month. Similarly, the price of jet fuel in Kolkata increased 4.65% to ₹1,26,697.08 per Kl. In other key cities of Mumbai and Chennai, jet fuel is now priced at ₹1,10,592.31 and ₹1,22,423.92 per Kl, according to data from the OMCs.

₹1,18,199.17 per kilolitre (kl), up 5.14% from ₹1,12,419.33 last month. Similarly, the price of jet fuel in Kolkata increased 4.65% to ₹1,26,697.08 per kl. In Mumbai and Chennai, jet fuel is now priced at ₹1,10,592.31 and ₹1,22,423.92 per kl, respectively, according to data from the OMCs.

TMC) MP Susmita Dev hit out at the central government over the refusal to provide special trains to MGNREGA job cardholders from West Bengal to reach Delhi and said that they were ready for the fight. Ahead of the TMC worker's protest in Delhi, Party leader Susmita Dev said, "BJP has practically declared war on the people of Bengal who want to come to Delhi to protest for their rightful dues from the Union government on October 2 and 3.