Airlines Financial News

Pakistan's SereneAir is offering additional 10 kg baggage allowance on its flights operating from UAE to Pakistan. This special offer is valid till 30 Sept 2023 only.

The Biden administration says it will take a look at increasing regulation over some air charters that operate much like regular airlines

Opposition Leader Peter Dutton has put the Albanese government’s move to block more Qatar Airways flights to Australia on the political agenda, saying it had provided “no coherent reason” for the decision.

SpiceJet and its CMD Ajay Singh to pay former promoter Kalanithi Maran ₹100 crore by September 10 «as bonafide subject to their rights and contention» or else the airline's assets will be attached. Justice Yogesh Khanna questioned Singh, who was present in the court, about his payment plans and also warned him that the company's profits would be attached otherwise in the seven-year-old share transfer dispute. An application for Singh's arrest could also be filed, it said, while posting the matter for further hearing on September 11. The HC rejected SpiceJet's offer to deposit ₹75 crore within 10 days despite its senior counsel Amit Sibal arguing that the airline was «struggling to stay afloat» and if the company went into insolvency, it will not help anyone. Justice Khanna, however, said that the court was only concerned with how they will pay their liabilities to Maran. Senior counsel Maninder Singh, appearing for Maran, demanded attachment of SpiceJet's profit of ₹ 204 crore in the quarter ending June 30 towards payment of its liabilities. SpiceJet said in a statement it would honour the court order and «make the specified payment within the prescribed timeframe.» Meanwhile, the HC division bench led by Justice Yashwant Varma refused to stay the 2018 arbitral award and grant waiver of interest, as sought by SpiceJet.

Mint in an exclusive interview. “Earlier, the Indian airports were merely destination airports, but today we find a rising trend of people flying from one part of the world and come to Delhi, Mumbai, Hyderabad, and Kolkata, and take another onward flight without really exiting into any Indian city. That trend is increasing," Vinay Malhotra, head of global sales at IndiGo, said.

By Brendan Pierson

WASHINGTON (Reuters) — The Federal Aviation Administration (FAA) said Thursday it is considering subjecting high-volume charter flight operators to stricter regulations imposed on passenger airlines.

Airline supplier Spirit Aerosystems says it’s aware of a quality issue involving elongated fastener holes on the aft pressure bulkhead on certain models of the 737 fuselage it produces

Naturally, the loquacious Alan Joyce has a ready answer for every complaint about Qantas. That’s fortunate given there are so, so many of them – even from the most loyal of customers previously. The Australian Competition and Consumer Commission, for example, has identified Qantas as the most complained about company in Australia for the second year running.

OSLO (Reuters) — Norwegian Air may consider adding Boeing (NYSE:BA)'s MAX 10 model to its fleet, CEO Geir Karlsen said on Thursday, after finding the plane's flight range was better-suited to the airline than initially thought.

Boeing has recently identified a new 737 MAX quality problem involving supplier Spirit AeroSystems that has resulted in improperly drilled holes on the aft pressure bulkhead, the planemaker said on Wednesday. Boeing said the defect will delay near-term deliveries and the company is evaluating whether it could cause it to miss its annual delivery target of at least 400 737s this year. Boeing shares were down 2.7% and Spirit shares fell 6.1% in afterhours trading. The new supply-chain snag is the latest issue to impede deliveries of the cash-generating MAX following Boeing's disclosure of a problem in April that Spirit had improperly installed brackets joining the aft fuselage to the vertical tail. Boeing confirmed that the latest issue will delay the first MAX 8 delivery to Malaysia Airlines, which had scheduled an Aug.

Qantas delivered a record annual profit and will return a further $500 million to shareholders, as pressure mounts on the airline to justify its robust profit margins, which exceed pre-pandemic flying levels.

Southwest is limiting a popular service that lets passengers jump ahead in the airline's unusual boarding system to get a better chance of scoring a good seat

Qantas chief executive Alan Joyce has been summoned to Canberra to appear before a parliamentary cost of living inquiry, as pressure mounts on the national carrier about competition in domestic and international aviation.

asset management and investment company, airlines are choosing to pay higher fees to extend leases and keep such aircraft on their fleets, a trend that is consistent worldwide. “Mid-life aircraft, which would normally have been retired, are staying in fleet longer, so airlines are signing early extensions; you see lease rents go up on those aircraft, you are seeing extensions on those planes to keep them on the fleet," Ailstock said in an interview. In India, too, airlines that had planned to retire older planes have often extended leases.

With most sectors within the travel industry finally surpassing pre-pandemic levels of activity in 2023, our focus turns to the some of the greatest beneficiaries of this upswing: a selected quartet of airline stocks expected to post earnings growth of more than 50% this year.

Bar and Bench report, the Division Bank of Justices Yashwant Varma and Dharmesh Sharma will hear the case tomorrow (Thursday). Last month, the Delhi High Court upheld the validity of the arbitral award against the low-cost airline. The dispute between Maran and SpiceJet dates back to 2015 when chairman Ajay, who used to own SpiceJet before Maran, bought it back from him.

A recent incident involving a child's snack box on an American Airways flight has ignited outrage across social media platforms. The incident came to light when a Twitter user with the handle @dynamicallydara shared a series of tweets detailing her unsettling experience with American Airlines. According to her account, a flight attendant unexpectedly confiscated her nephew's snack box to show a friend of hers, without seeking permission. The user's tweets included a photograph of the opened assortment of snacks, revealing a variety of items such as jam sandwiches, cereals, pulses, crackers, and peanut butter.

A North Korean commercial flight has taken off from Beijing in a sign that Pyongyang is its opening its borders again after almost three years of severe COVID-19 restrictions

Also read: Chandrayaan-3 set for historic lunar landing on August 23. Know when and where to watch live telecast However, travel industry is highly dynamic, especially in a post-pandemic world where conditions and pricing can fluctuate rapidly. Therefore, it's essential to stay well-informed about flight prices well in advance of planned travel date.

Dubai International Airport, the world’s busiest for international travel, says it served 41.6 million passengers in the first half of this year