Airlines Financial News

covid-19 pandemic and legal complexities raised by various stakeholders. In October 2020, the Murari Lal Jalan-Kalrock Capital consortium emerged victorious in the bid, earning approval from the Committee of Creditors (CoC) and the NCLT. Their revival plan involves injecting ₹475 crore within the first two years and raising ₹125 crore through the sale of non-core assets by the end of the first year.

Embraer SA, the world’s third largest manufacturer of commercial jets, is betting big on India as a key growth market and potential manufacturing hub. In an interview with ET’s Arindam Majumder, chief executive Francisco Gomes Neto, explains the Brazilian aerospace company’s growth plans which include finding a local joint venture partner to set up a manufacturing unit in India. Edited excerpts:India now has one of the largest aircraft order books in the world. But it has been a challenge to find customers here for Embraer. What are the sticking points? There are ongoing dialogues and conversations that are happening with Indian airlines.

Bhairahawa to Delhi and Hong Kong, making Kathmandu a transit point. The ticket booking for the same has already started, according to Nepal Airlines spokesperson Ramesh Paudel. In the beginning, there will be Bhairahawa-Hong Kong and Bhairahawa-Delhi flights via Kathmandu every Tuesday.

Mint. “The low-cost airline is streamlining its business verticals and bringing in pay parity between the workforce of the two erstwhile airlines," one of the people cited above said. Last week, the airline harmonized and rolled out new grades, compensation, and benefits across the organization, enabling greater transparency and career progression opportunities for all employees.

Directorate General of Civil Aviation has found that Tata Sons-owned Air India made forged reports of spot checks that it did not actually carry out. The audit report, seen by ET, says the airline fabricated reports of 13 checks at three stations. “After cross verification with CCTV // footage//, it was understood that 13 spot checks shown to be carried out at Delhi, Mumbai and Goa were established to have not been carried out. However, reports were subsequently falsified when the DGCA asked for it,” the civil aviation regulator said in the audit report. Still, the reports were accepted by two top officials of the airline, the DGCA said.

Go First's Ireland-based lessor ACG Aircraft Leasing has told the court that fan blades, escape slides, and several other critical parts are missing from at least two aircraft of the airline, according to media reports. Reuters reported that ACG Aircraft informed the court of the missing parts as it seeks to recover the aircraft. After Go First went bankrupt and halted their operations in May 2023, several foreign lessors of India's budget airline have been locked in a legal dispute.

By David Shepardson

Air India Express flight to Dubai from Karipur International airport here was delayed by over five hours on Sunday due to a technical snag, an airline source said.

Delhi International Airport Ltd (DIAL), spearheaded by the GMR Group, revealed on Saturday that airlines have submitted requests to cancel 80 departing and an equal number of arriving domestic flights spanning three days starting September 8 for the G20 Summit to be held in the national capital. The Delhi airport operator also emphasised that the airport is well-prepared, boasting abundant aircraft parking space to accommodate the needs during the summit duration. «We take immense pride in India's role as the host of the G20 Summit 2023. Current news on cancellation of flights has no linkage to parking of aircraft.

G20 Summit scheduled in the national capital next month, according to a report published by the news agency PTI. Police said that traffic was regulated at several places from 9 am to 12:30 pm to facilitate the rehearsals today. The roads where traffic will be regulated are Sardar Patel Marg-Panchsheel Marg, Teen Murti Marg, Barakhamba Road traffic signal, Janpath-Kartavya Path, Vivekanand Marg, under the Lodhi Road flyover, Shanti Van Chowk, Joseph Tito Marg-Siri Fort Road, Press Enclave Road-Lal Bahadur Shashtri Marg, C-Hexagon, Mathura Road and Saleem Garh Bypass, PTI reported.

G20 Summit in Delhi in September, several flights have reportedly been cancelled from Indira Gandhi International (IGI) Airport. Around 160 flights have been canceled at Delhi Airport from September 8 to September 10 due to the G20 Summit. Delhi International Airport Ltd (DIAL), which operates IGI Airport, received requests from airlines for cancellation of 80 departing and 80 arriving domestic flights because of the G20 Summit event which is scheduled to take place on 9 and 10 September.

Delhi airport operator DIAL on Saturday said it has received requests from airlines for cancellation of 80 departing and as many arriving domestic flights during three days from September 8 in connection with the G20 Summit. The Delhi International Airport Ltd (DIAL), a consortium led by the GMR Group, also stressed that the airport is fully equipped with ample parking space for aircraft during the summit period. «We take immense pride in India's role as the host of the G20 Summit 2023.

Economic Times has claimed. The Central government has instructed airlines to curtail frequency by a fourth throughout the G20 Summit scheduled to take place in September in the city. As per the English daily, the order has come due to the parking constraints at the Delhi airport.

PTI, the aviation regulator is currently investigating this matter. In response, an Air India representative mentioned that all airlines undergo routine safety audits conducted by regulators and other organizations.

Korean Air has announced its compliance with aviation regulations by introducing passenger and carry-on luggage weight checks during the boarding process for both domestic and international flights. The airline's plan involves applying a standardized weight measurement to passengers, inclusive of their carry-on bags. According to a Korea Times report, this initiative will first be rolled out for domestic passengers at Gimpo International Airport from August 28 to September 6, followed by international passengers at Incheon International Airport from September 8 to September 19. The data collected from these checks will remain anonymous and will primarily serve safety operations purposes, ensuring adherence to proper weight distribution within the aircraft. Passengers who choose not to participate in these weight measurements can easily communicate their decision to the airline staff during the boarding process. This move aligns with the guidelines set out in the Ministry of Land, Infrastructure and Transport's «Aircraft Weight and Balance Management Standards,» which necessitate airlines to periodically measure passenger standard weights to establish accurate weight and balance calculations for aircraft. While the weight standards were determined at 81 kg for adult males and 69 kg for adult females in a local 2017 survey, the US Federal Aviation Administration (FAA) prescribes slightly higher figures of 88.4 kg for adult males and 70.3 kg for adult females.

Federal safety regulators are warning airlines to make sure that workers stay away from jet engines that are still running

The chairperson of the company that owns Turkey’s Pegasus Airlines has been injured in a boating accident while vacationing in Greece

Air India Express and AIX Connect on Friday announced new harmonised grades, compensation and benefits for the two companies ahead of their merger.

Corporations relying on carbon credits to support their green claims now face “robust and credible” proof that the vast majority of such securities aren’t fit for that purpose, according to a study published in the journal Science.

DGCA) has found lapses in internal safety audits of Air India and the regulator is probing the matter, according to officials. When contacted, an Air India spokesperson said that all airlines are subject to regular safety audits by regulators and other bodies. «Air India actively engages in such audits to continually assess and strengthen our processes,» the spokesperson said in a statement and added that the airline directly addresses any matters raised with the authority concerned. According to the inspection report submitted to the DGCA, the airline was supposed to carry out regular safety spot checks in various areas of operations such as cabin surveillance, cargo, ramp and load but during a random inspection of 13 safety points, the team found that the airline prepared false reports in all 13 cases. «Moreover, when cross-verified with CCTV, recordings, auditee statements, shift register documents, GD (General Declaration) list, passenger manifest etc, it is understood that all the aforesaid 13 spot checks shown to be carried out in stations Mumbai, Goa and Delhi were verified and were established to have not been actually performed,» the two-member team said in the 'Deficiency Reporting Form' (DRF).

Aircraft lessors have told the Delhi High Court that bankrupt airline Go First is cannibalising key components from their aircraft according to documents and pictures seen by ET. The lessors are locked in legal battles with the airline to repossess their aircraft which they had leased to the airline Over 50 aircraft of the airline have been grounded since May after the airline filed for voluntary bankruptcy citing faults with Pratt and Whitney engines.