Airlines Financial News

Nine passengers have been injured after an engine fire sent smoke into the cabin of an Air China jetliner landing in Singapore, prompting an evacuation of the aircraft

(Reuters) -Scandinavian airline SAS, battling to emerge from bankruptcy protection, said on Monday it was extending the deadline for final bids for its equity fundraising by a week to Sept. 25 at the request of bidders.

₹62.5 crore to Kalanithi Maran on Monday, and is planning to clear the remaining ₹37.5 crore within a day, to comply with a 24 August Delhi high court order in connection with the arbitral award. In a separate development earlier in the day, the Supreme Court ordered the debt laden airline to settle dues to Credit Suisse by 22 September. The SC also warned SpiceJet and its promoter Ajay Singh, for not complying with its order in the case of defaults to Credit Suisse.

ChatGPT to plan their itinerary, and then visiting travel agents to book their flights and holidays. Scoot currently flies to six destinations in India and plans to resume operations to Chennai from 5 November. It also seeks to tap the potential in other Indian international airports, such as the upcoming airports in Jewar and Navi Mumbai.

Labor unions are exerting clout not seen in decades, winning big pay increases and better benefits in industries beset with worker shortages. Airlines, package shippers and ports all struggled to hire desperately needed workers as the economy emerged from the pandemic, and then agreed to double-digit raises with their unions this summer. Whether other employers without such hiring difficulties, including car manufacturers facing a strike threat from the United Auto Workers, follow suit remains to be seen.

By Valerie Insinna and Abhijith Ganapavaram

By Gabriel Burin

Jet Airways Naresh Goyal to the Enforcement Directorate's (ED) custody till September 14 in a money laundering case. Earlier in the day, Goyal asked the court for admission to a private hospital. Goyal was remanded to ED custody till September 11. ED arrested Naresh Goyal for allegedly defrauding Canara Bank of Rs 538 crore based on an FIR registered by the Central Bureau of Investigation (CBI) earlier in May this year. Jet Airways (India) Limited, Naresh Goyal, his wife Anita Naresh Goyal, Gaurang Ananda Shetty and unknown Public Servant(s) and Private Person(s) were named as accused in the FIR. «CGM of Canara Bank, Recovery & Legal Section in Mumbai, has submitted regarding alleged offences of cheating, criminal conspiracy, criminal breach of trust and criminal misconduct committed by M/s Jet Airways (India) Ltd., Naresh Jagdishrai Goyal, Anita Naresh Goyal, Gaurang Ananda Shetty and unknown public servants and others causing wrongful loss of Rs 538.62 crores to Canara Bank,» the FIR read. «Forensic Audit conducted in the accounts of Jet Airways (India) Ltd revealed fraudulent features like diversion and siphoning of funds,» it further read. Canara Bank had filed a complaint in May against the airline, Goyal, his wife and a former airline director for «causing wrongful loss» to the lender. Goyal founded Jet Airways in 1992 but shut down operations in April 2019 after running out of cash.

New Delhi: Air India on Monday said that it has deployed specially trained service assurance officers at 16 major Indian airports to offer on-ground assistance, aimed at elevating airport experience by providing personalised and hassle-free on-ground services to Air India to its passengers. “Flying is a wonderful experience, and we want our guests to enjoy it in the most seamless ways possible.

Air India on Monday rolled out 'Project Abhinandan' to provide a personalised and hassle free on-ground experience to passengers, said the company in a press release. As part of the project, Air India has deployed specially trained Service Assurance Officers at 16 major Indian airports, who will offer on-ground assistance across airport touchpoints to Air India guests who may require it – at check-in area or lounges, near the boarding gates, during transit, or at the arrival hall. Air India’s Service Assurance Officers will be placed at strategic touchpoints to proactively engage with guests, provide support, or troubleshoot any issues. They are also trained to address unforeseen issues such as missed flights, delayed baggage delivery and misconnections at airports, among others.Rajesh Dogra, Chief Customer Experience & Ground Handling Officer, Air India, said, “Airport experiences can be daunting for many air travellers, despite how frequently one travels.

A man was arrested for sexually harassing his female co-passenger on Mumbai-Guwahati Indigo flight. He was travelling on budget carrier flight to Guwahati.

₹62.5 crore out of the due of ₹100 crore to Sun Group chairman Kalanithi Maran in connection with the arbitral award execution. The airline plans to pay the remaining ₹37.5 crore to Maran today or latest by tomorrow, depending on banking hours. SpiceJet wrote a cheque of ₹37.5 crore in the court, but Maran's side declined it and requested SpiceJet to transfer the amount via RTGS.

Credit Suisse bank by September 15. The court also warned of "drastic action" if the payment is not made on time. As reported by Reuters, a third of the amount is part of a monthly settlement plan SpiceJet had previously agreed with Credit Suisse, and the rest are unpaid dues to the bank.

White House said on Monday that Vietnam Airlines' deal to buy 50 737 Max jets from U.S. planemaker Boeing is worth $7.8 billion. The statement confirms the deal value that Reuters had reported on Sunday, citing a source.

SpiceJet chairman Ajay Singh, the Supreme Court on Monday asked the businessman to make a payment of $5,00,000 towards an instalment to Credit Suisse by September 22, along with $1 million towards the defaulted amount. The court further warned Singh that he would be sent to Tihar jail if the payment wasn't made. «We have to move to the next drastic step. We are not worried if you shut down.

San Francisco (SFO)-bound Air India flight from Bengaluru, with more than 280 people onboard, was diverted to a city in Alaska due to a technical issue, according to an airline official. After fixing the issue, flight AI 175 took off and landed at San Francisco at around 1000 hours India time on Monday, the official said. The flight, operated by a B777 aircraft, faced a technical issue enroute to San Francisco.

Low-cost Qantas subsidiary Jetstar is telling its customers that flight credits incurred during the COVID-19 pandemic have expired, despite having dropped an arbitrary December 31 deadline and in the face of a looming Senate inquiry.

Bengaluru, causing potential inconvenience for school students and office-goers. The Federation of the Karnataka State Private Transport Associations, consisting of 32 private transport associations, has called for a 'bandh' starting from midnight today until midnight on Monday. As a result, most private transport services are likely to be unavailable during this period. Private maxi cabs serve as a vital mode of transportation for many schoolchildren, prompting some schools in the city to declare a holiday on Monday to prevent disruptions for students, according to official sources.

Tony Fernandes said on Monday. Capital A (formerly known as AirAsia Group) sold its Indian airline subsidiary to Tata Group last year. «We are working with the Tata Group and hope to do a lot of work with the conglomerate,» he said on the sidelines of the 21st Forbes Global CEO Conference. Last year, Tata Group-owned Air India signed agreements to acquire a 100 per cent stake in AirAsia India and has commenced the process of merging with Air India Express to form a single Indian low-cost carrier.

In yet another incident of in-flight sexual harassment, a male passenger allegedly groped a female co-passenger during a late-night flight from Mumbai to Guwahati. The incident took place on IndiGo flight 6E-5319, which departed Mumbai just after 9 p.m. and arrived at its destination 15 minutes past midnight. The female passenger, who had an aisle seat, had lowered the armrests and had fallen asleep after the cabin lights were dimmed.

Bengaluru Bandh News: The Federation of the Karnataka State Private Transport Association has called a bandh today i.e. on 11 September. All private commercial vehicles plying in Karnataka's capital city will be ceasing their services today.