Airlines Financial News

07.08 / 16:57

UPS Aviat Airlines creditors Jet Airways asked to pay ₹350 crore to creditors by 31 Aug

NEW DELHI : Jet Airways’ new management has to pay ₹350 crore to the Committee of Creditors (CoC), National Company Law Appellate Tribunal (NCLAT) was informed on Monday. The Jalan Kalrock Consortium (JKC) has to pay ₹350 crore before 31 August as a condition precedent. The next hearing is on 18 August.

07.08 / 15:57

UPS Provident Lowe's Target Airlines Bain Capital's $551 million bid sends Estia Health shares to near 5-year high

By Rishav Chatterjee and Scott Murdoch

07.08 / 14:27

FIVE Aviat Airlines Boeing Enterprise Honeywell Explainer Mint Explainer: Akasa Air turns 1. What now?

New Delhi: India’s youngest airline Akasa Air completes one year of operations today and is now getting ready to launch international flights as it now has 20 aircraft in its fleet. According to the current regulatory framework, an airline needs to complete five years of operations or must have a fleet of at least 20 aircraft to be eligible to fly overseas. Mint takes a look at where is Akasa headed: The idea of Akasa Air took birth during the year 2020 when industry veteran Vinay Dube approached stock market investor Rakesh Jhunjhunwala.

07.08 / 14:01

UPS Waves Booking Extreme Airlines country Heat and wildfires put southern Europe's vital tourism earnings at risk

Greece’s resort island of Rhodes is nursing its wounds after 11 days of devastating wildfires

07.08 / 14:01

Citi Airlines stage Turkmenistan Airlines suspends Moscow flights over safety concerns

Turkmenistan’s flagship carrier, Turkmenistan Airlines, has announced it will extend its suspension of flights to Moscow until the end of October, citing safety concerns after an increase in drone attacks on the Russian capital

07.08 / 13:41

Booking Aviat Airlines show resolution IBBI informs NCLT has no views on refund of tickets by Go First RP; CoC says part of resolution

National Company Law Tribunal that it had no stand on the Go First’s resolution professional’s plea to refund ticket amount for flights that have been grounded since May 3. “We have no stand on this; the tribunal may decide the matter on merits,” the counsel for IBBI informed NCLT. The counsel for Committee of Creditors also did not raise any objections on the petition to refund tickets, claiming that it was part of the resolution plan approved by the creditors.

07.08 / 11:59

COST UPS Aviat Airlines show Going to Europe This Summer? Brace for Flight Delays

Airport, which were among the worst hit by disruption last year. Punctuality has improved, though, at Amsterdam Schiphol Airport. One silver lining in Europe this summer is fewer cancellations.

07.08 / 11:59

UPS Airlines IndiGo flight takes off early, leaves behind 6 passengers; employee says ‘we consider off-the ground as departure time’

Airport to reach its destination Mangaluru allegedly left behind six passengers of its behind on Friday. The incident happened after the flight reportedly took off 12 minutes early from the time of departure, a report by Times of India has stated. One of the passenger who was a government official told the daily that flight 6E 6162 was scheduled to depart at 2:55 pm, however, it took off at 2:43 pm.

07.08 / 09:29

UPS Airlines UBS Beyond the tech hype, how healthy is American business?

investors a fillip. This year the S&P 500 index of big American firms is up by nearly a fifth. Markets are especially bullish about a handful of tech firms and carmakers.

07.08 / 09:29

UPS FIVE CEO Airlines love performer Qantas shares could slide 30pc after boom, Angus Aitken warns clients

Qantas shares could fall 30 per cent as the airline faces hefty spending on aircraft and its once-loved brand is tarnished by poor customer service, high-profile stockbroker Angus Aitken has warned his clients.

07.08 / 09:29

COST Target Booking Airlines Mobile recovery Bank of Baroda’s NIM slips in Q1; recovery crucial for stock

Public sector lender, Bank of Baroda (BoB), reported its June quarter (Q1FY24) results on Saturday. As is the case with most large banks, BoB also saw a sequential decline in net interest margin (NIM), though the fall was sharper than most analysts’ estimates. In Q1, NIM was down 26 basis points (bps) sequentially to 3.27%.

07.08 / 06:31

Airlines electronic IndiGo works on more overseas partnerships | Mint Primer | Mint

IndiGo, India's largest airline, is seeking more g... moreIndiGo, India's largest airline, is seeking more global partners and exploring codeshare agreements with international airlines to fuel its global expansion plans.

07.08 / 01:21

Aviat Action Airlines NCLAT to hear lenders' plea against Jet Airways' winning bidder Jalan Kalrock consortium today

Jet Airways' lenders, led by SBI, against the winning bidder Jalan Kalrock consortium to recover pending dues. Last month, the lenders accused the Jalan Kalrock consortium of not infusing money to repay creditors. Whereas the consortium said that banks opposed the transfer of ownership and challenged efforts to commence operations at the airline.

06.08 / 23:33

UPS Airlines Enterprise country Bain wins over Estia in $838m victory for private equity

Private equity group Bain Capital has won its five-month pursuit of aged care home operator Estia Health, with its latest $838 million offer being endorsed by the Estia board.

06.08 / 18:37

Provident Aviat Airlines Strategy country Traffic Egypt Air eyes pie of India transit traffic with direct flights

Mint. “Next step will be codeshare with Indian companies," Moussa said, adding that the airline is getting ready to initiate discussions for a codeshare as part of the strategy going forward. The airline will operate the direct flight between New Delhi and Cairo four times a week in an Airbus A320neo with a two-cabin service.

06.08 / 17:03

Aviat Airlines Strategy Boeing track A competitive aviation sector is truly giving wings to India's rapidly growing economy

India is the third largest aviation market globally, thanks to robust infrastructure, new state-of-the-art airports, multiple airlines, and a large passenger base. In May, the ministry of civil aviation said that domestic airlines saw an annual growth of 43% in terms of passengers carried. The sector contributes to 5% of GDP and 4 million jobs.

06.08 / 13:45

Fighting Airlines Celebrity shootings star audience rock NOT Logan Paul did not celebrate his WWE SummerSlam victory, know why

Logan Paul had little time to bask in his latest WWE victory. The YouTube sensation, known as 'The Maverick,' made his second appearance at SummerSlam and delivered a brutal knockout victory against Ricochet at the home of the Detroit Lions in Michigan.

06.08 / 12:15

Citi Aviat Airlines country cover 500 CISF sanctioned additional 6,500 personnel to aviation security wing over last year and half

CISF, that guards 66 civil airports of the country, has been sanctioned an enhanced manpower of more than 6,500 personnel over the past 18 months to cater to the ever-increasing load of passengers and expansion of the existing facilities, official sources said. With the allocation of fresh personnel, the overall strength of this unit deployed to secure civil airports against terrorist, hijack and sabotage threats is now about 37,000 men and women including commando-trained troops, they said.

06.08 / 11:53

Twitter Extreme SUN Airlines Inside Passengers endure 'horrifying experience' on IndiGo flight with no AC; Onboard Punjab MLA highlights suffering

passengers who endured an extremely uncomfortable hour-long flight in peak summer due to a technical problem that turned off the aircraft's air-conditioning. Some passengers resorted to using the safety cards as makeshift fans, while a perspiring flight attendant was seen frequently distributing wet wipes to passengers. «We deeply apologise for the inconvenience our customers experienced during your recent travel with us.

06.08 / 08:19

Aviat Airlines performer ‘From take off to landing, ACs were off…’ Punjab Congress President shares horrifying experience on IndiGo flight

Priyanka Gandhi Vadra had penned an appreciation post for IndiGo airline and its cabin crew, calling them “most efficient and pleasant". In an appreciation post, the Congress general secretary shared pictures of two crew member of the flight and also a special gift she received from team IndiGo.

06.08 / 07:29

COST UPS Aviat SUN Airlines Indigo soars in Q1, but is it too early to celebrate?

₹1 lakh crore to keep Air India afloat before selling it to the Tatas for ₹2,400 crore and saddling the conglomerate with ₹61,000 crore of legacy debt and liabilities. Dutch carrier KLM, the world’s oldest airline in operation, is still afloat thanks to a merger with another government-backed airline, Air France. Meanwhile, Italian carrier AlItalia shut shop in 2021 after going bust.

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