Airlines Financial News

17.08 / 12:09

Provident Aviat Aware Airlines settlement Settlement talks between Go First and Delhivery, NCLT issues notice

Delhivery and Go First have failed, the counsels for both parties informed the National Company Law Tribunal on Thursday. Go First's resolution professional at the last hearing claimed they were trying to settle the matter with Delhivery. The logistics provider had filed an application claiming that the voluntary insolvency petition filed by the beleaguered airline on May 2 was «malicious and fraudulent».

17.08 / 08:35

FIVE Progressive Merit Airlines Lexicon Inside The upside of workplace jargon

workplaces everywhere. Some of this jargon is not much more than slang. The “blue goose" is what White House staffers call the travelling presidential lectern.

17.08 / 02:53

Aviat Airlines country stake Why Is Indigo Co-Founder Reducing Stake? | Stock Tumbles | All You Need To Know

Aviation sector traders on Wednesday morning were ... moreAviation sector traders on Wednesday morning were spooked.

17.08 / 02:17

UPS Aviat Progressive Airlines Entertainment Vodafone Power Stocks to Watch: Adani Ports, JSW Energy, Adani Power, IndiGo, CIL, VIP

Adani Ports: Two promoter entities have raised shareholding in Adani Ports and Special Economic Zone Ltd by over 2 per cent. As per the information shared by the company with Indian stock market exchanges two promoter entities Resurgent Trade and Investment Ltd and Emerging Market Investment DDC have acquired fresh stakes in Adani Ports via the open market.

16.08 / 21:43

Provident Manufacturing Airlines Boeing awards plane Air Force awards a start-up company $235 million to build an example of a sleek new plane

The U.S. Air Force is throwing its support behind a program to develop a sleek, futuristic-looking new jet that could provide greater range and efficiency for military tankers and cargo planes

16.08 / 19:15

Airlines Pool Boeing Simulation Pilots As merger nears, Air India B787 pilots told to fly Vistara aircraft

Air India and Vistara merger later this year, Tata group has asked some of Air India's Boeing 787 pilots to fly Vistara's B787 planes, said three people with knowledge of the matter. The move, they said, marks the first instance of integration of the group's airline businesses and is aimed at creating a common pool of resources to foster synergies. The pilots will only move once the merger gets an approval from the Competition Commission of India (CCI).

16.08 / 18:33

UPS BLOCK Aviat Airlines Southern JSW Energy, IndiGo promoters pare stakes in large bulk deals

₹717.6 crore in a bulk deal, according exchange filings. GQG Partners alone bought almost 1% stake or 16.7 million shares in JSW Energy for ₹571.4 crore, while a bunch of other investors bought the remaining stake. The energy firm’s shares touched an intraday high of ₹369.90 apiece before closing 6% up at ₹368 apiece on the BSE.

16.08 / 16:59

Reuters Airlines Maui wildfire: Lahaina residents feeling outraged as tourists enjoy holiday amid rising death toll

Reuters, authorities and businesses have welcomed the trickle of travelers, saying it will lessen the blow to the island's economy, which relies heavily on tourism. The tourism industry is Maui's “economic engine", generating 80% of its wealth, said the report citing the island's economic development board.

16.08 / 15:53

Aviat Airlines EOS Around 150 employees likely to resign from Go First in next two weeks: Report

Moneycontrol, the employees have not received salaries for the last three months of May, June, July. The employees have started to look for jobs in other areas. According to senior executive of Go First, around 150 employees which includes 30 pilots and 50 cabin crew members as well are planning to resign in the next two weeks as reported by Moneycontrol.

16.08 / 14:27

UPS BLOCK Airlines Strategy MSCI performer Deal stake IndiGo's Gangwal family offloads 2.9% stake in Rs 2,800 crore deal

IndiGo co-founder Rakesh Gangwal has sold partial stake in the budget carrier through bulk deals on Wednesday.Sobha Gangwal, wife of Rakesh Gangwal, has offloaded 1.15 crore shares or 2.99% stake in the company at a weighted average price of Rs 2,426, which is about 5% discount from Monday's close. Through the sale, the family earned nearly Rs 2,800 crore. Rakesh Gangwal and his wife, Shobha Gangwal, held about 13.23% and 2.99%, respectively, in IndiGo at the end of June quarter, while their Chinkerpoo Family Trust holds a 13.5% stake, according to exchange data.

16.08 / 13:45

Citi Airlines Boeing cover Emirates to double number of flights on Dubai-London Heathrow route, hire cabin crew

Emirates will almost double the number of flights to London Heathrow from Dubai on a temporary basis to meet the demand during the busy winter season. The airline has announced it will operate an additional five-a-week service to London Heathrow starting from 31 October 2023 until 30 March 2024. Currently, Emirates serves London Heathrow with six daily A380 flights.

16.08 / 12:19

Art Airlines Strategy Boeing beautiful social rebrand Premium Air India Express all set to rebrand its aircraft for a premium avatar: Report

PTI quoted an official as saying. Tata Group had previously Thursday unveiled Air India's new logo and livery. “Future Brand, the company that designed Air India’s new logo, is involved in the rebranding of Air India Express.

16.08 / 09:09

Provident Booking Airlines LTC ATA performer 7th Pay Commission: Three New LTC Rules for Central Government Employees in August

Central Government Employees Latest News August 16, 2023: The Department of Personnel and Training (DoPT) has issued fresh clarifications regarding the admissibility of catering charges in respect of rail journeys performed on LTC and booking of air tickets on Government Account in respect of LTC.

16.08 / 09:09

Provident BLOCK Aviat Airlines Strategy Align MSCI Deal stake Indigo shares crash 4.6% as Gangwal family offloads stake via block deal

InterGlobe Aviation shares tanked 4.6% in trade on Wednesday as IndiGo co-founder Rakesh Gangwal offloaded 5.1% or around two crore shares in a block deal in early trade. The floor price for the offer was presumed to be set at Rs 2,400 apiece, which would come in at a 5.8% discount to Monday’s closing price of Rs 2,549.

16.08 / 05:59

UPS BLOCK Aviat Airlines Deal share price stake IndiGo share price dips over 4% as Gangwal family sells stake via block deal

₹2,425.00 apiece on the BSE. According to deal terms seen by Mint, IndiGo co-founder Rakesh Gangwal and his family were to sell around 4% stake in InterGlobe Aviation Ltd for up to $450 million ( ₹3,370 crore). The deal was said to happen at a floor price of ₹2,400 each, a 5.8% discount to Monday’s close of ₹2,549.

16.08 / 05:55

BLOCK Aviat Airlines shootings country Who wants to fly over Taliban-held Afghanistan? New FAA rules allow it, but planes largely avoid it

Two years after the Taliban takeover of Afghanistan, the United States has begun easing rules that could allow commercial airlines to fly over the country in routes that cuts time and fuel consumption for East-West travel

16.08 / 02:17

Provident BLOCK Aviat Platform Airlines Entertainment Vodafone Hero Stocks to Watch: IndiGo, ITC, Infosys, M&M, Zee Entertainment, Hero MotoCorp

InterGlobe Aviation: Private airliner IndiGo Airlines' promoter Gangwal family is all set to sell its shares worth ₹3,730 crore through a block deal on 16 August, reported ET citing the term sheet. According to the report, the family has put 15.6 million shares on the block with a floor price of ₹2,400 per share, which is a 5.8% discount to the closing price of Monday. The deal's lenders are Morgan Stanley, JPMorgan, and Goldman Sachs.

16.08 / 02:17

UPS Aviat Airlines NIFTY SENSEX show Updates Sensex Today | Share Market Live Updates: Sensex, Nifty expect sluggish start; Gift Nifty trading lower

ITC Ltd exceeded market expectations on Monday by reporting a robust 17.5% surge in its standalone net profit for the June quarter, benefiting from reduced expenses. Nonetheless, the company faced challenges as an ongoing prohibition on wheat exports and a more recent ban on rice exports led to a 7.2% decline in standalone revenue for the quarter, which amounted to ₹16,995.49 crore as compared to ₹18,320.16 crore in the corresponding period last year.Renowned for its Gold Flake cigarettes and Bingo chips, ITC Ltd achieved a net profit of ₹4,902.74 crore for the quarter ending on June 30, surpassing the ₹4,169.38 crore recorded a year prior.

15.08 / 22:27

Airlines Southwest Airlines reaches tentative agreement with transport workers union

(Reuters) -Southwest Airlines Co said on Tuesday it had reached a tentative agreement with the union that represents about 17,120 transport workers who handle ramp, operations, provisioning and cargo.

15.08 / 19:35

UPS BLOCK Aviat Airlines Gangwal to sell around 4% of IndiGo for ₹3,370 cr

MUMBAI : IndiGo co-founder Rakesh Gangwal and his family will sell around 4% stake in InterGlobe Aviation Ltd for up to $450 million ( ₹3,370 crore) on Wednesday, according to deal terms seen by Mint. The block sale is part of Gangwal’s plans to cut his stake in InterGlobe Aviation, which operates IndiGo, India’s largest airline. In terms of value, this will be the largest block deal yet by Gangwal, who began selling his shares in the past 12 months.

15.08 / 19:35

Citi Provident Airlines Strategy Boeing AI, AI Express integration: Code share, route recast

NEW DELHI : Air India Express Ltd is set to sign a code-sharing agreement with Air India Ltd, pull out from all routes requiring business-class capacity, and relocate operational control centres for AirAsia India and Air India Express to a new Gurugram office starting this month, two airline executives said on condition of anonymity. These steps are part of a strategy that includes the merger of AirAsia India and Air India Express, which will operate as Air India’s low-cost unit, offering budget flights on non-trunk routes.

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