Airlines Financial News

31.07 / 06:13

Aviat Action Airlines AirAsia suspends officer who didn't wait for Karnataka governor

Thaawar Chand Gehlot could board it in Bengaluru, the airline's station manager at Kempegowda International Airport (KIA) was suspended for a month. As per a ToI report, two more airline staffers are expected to be suspended along with Zico Soares, due to the «lapse» that occurred on Thursday, just before a scheduled meeting of AirAsia officials in the governor's office on Monday. Confirming the suspension, the sources told ToI that Zico Soares was suspended on Saturday, charged with not waiting for the VIP and granting clearance for the AirAsia (now AIX Connect) plane to take off with regular passengers.

31.07 / 05:35

UPS Progressive Extreme Racing Airlines blues Investors still see blue sky ahead for Europe travel stocks as boom abates

By Danilo Masoni

31.07 / 01:57

Aviat Airlines Boeing Returns Delhi-bound Air India flight returns to Melbourne due to medical emergency. Details here

airport in the evening at around 9.30 pm. Earlier on 28 July, a Paris-bound Air India flight had returned to the Delhi airport shortly after the take-off, following a sighting of suspected tyre debris on the runway after departure. In a statement, the airline said the flight landed safely at Delhi airport at 1418 hours.

30.07 / 19:29

Booking Aware Airlines Software Boeing electronic IndiGo works on more overseas partnerships

₹23,646 crore, while the expenses other than fuel rose just over 40% on year. In addition to a young fleet and fuel-efficient aircraft, the airline said that it is in the process of attaining DGCA approval for the use of the AvioBook Electronic Flight Folder, which will reduce the weight on board, thus improving fuel efficiency.

30.07 / 19:29

UPS BLOCK Airlines awards rights Qantas says Sydney Airport is ‘demonising’ it in landing rights stoush

Qantas has accused Sydney Airport of “demonising” its biggest customer after it suggested the country’s largest airline was hoarding landing slots in a bid to prevent competitors from adding more flights to Australia.

30.07 / 19:29

Provident AXY Aware Airlines Strategy awards Go First eyes more cash, leaner fleet

MUMBAI : Go Airlines India Ltd, the operator of bankrupt Go First airline, aims to secure higher interim financing of ₹600-700 crore from banks and start with fewer flights than earlier planned in its revised strategy to resume operations, two people directly aware of the plan said. “We have revised our original plan.

30.07 / 17:33

Airlines Boeing Returns Delhi-bound Air India flight returns to Melbourne due to medical emergency on Sunday morning

Air India flight returned to Melbourne due to a medical emergency after being airborne for more than one hour on Sunday morning, according to an airline official. The flight AI309, operated with a Boeing Dreamliner, took off again after de-planing the unwell passenger and his family members and later landed at Delhi airport in the evening at around 2130 hours.

30.07 / 12:27

Booking Aviat Airlines Go First approaches NCLT to refund for cancelled tickets

The Wadia group-owned Go First has approached the National Company Law Tribunal (NCLT) seeking permission to refund money to passengers who had booked their tickets for travel on and after May 3. On May 3, the cash-strapped airline had suspended operations.

30.07 / 12:27

Twitter Booking Aviat Airlines Go First flights cancelled till 31 July

Go First has announced that their flights remain cancelled till 31 July, citing operational constraints. The cash strapped domestic airline company has stopped operations since 2 May. “Due to operational reasons, Go First flights until 31st July 2023 are cancelled.

30.07 / 11:53

Twitter Aviat Airlines Go First cancels flights until July 31 due to operational reasons

Go First airline, which has been grounded since early May, has announced a further extension of flight cancellations till July 31. «We regret to inform that due to operational reasons, Go First flights scheduled till 31st July 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations,» it wrote on Twitter on Friday.

30.07 / 11:25

Booking Aviat Airlines resolution Go First resolution professional approaches NCLT seeking permission for refund of cancelled tickets

National Company Law Tribunal (NCLT) seeking permission to refund money to passengers who had booked their tickets for travel on and after May 3, the day when the cash-strapped airline suspended operations. The Resolution professional of Go First has filed a new application before the Delhi bench of NCLT, requesting «to permit the applicant/CD to make payment of refund to passengers of the CD whose airline tickets have been cancelled since May 3, 2023.» Applicant here refers to resolution professional and CD refers to corporate debtor or Go First.

30.07 / 05:51

UPS MET CEO Airlines Pilots American Airlines Deal American Airlines has a tentative contract deal with its pilots. Southwest is still negotiating

American Airlines and the union for its pilots have agreed on a new contract, which will now go to a ratification vote

29.07 / 18:47

Booking Extreme Airlines Parke Southern Airline Secrets- Know about bookings, tickets, baggage, connecting flights

Extreme weather conditions in southern Europe or the USA. or the Hottest July in some other parts of the world may be a time of higher rate of cancellations and passengers booking tickets at that may get concessions and cheaper tickets. Experts suggest that one should book tickets in opposite seasons. But it may be difficult to get connecting flights for the same reasons, as per the CNN report. Airline Secrets: Connecting FlightsTake f

29.07 / 07:21

Provident Twitter Booking Aware Airlines Go First extends flights cancellation till 30 July due to 'operational reasons'

Cash-strapped Go First airline on Saturday informed that it has cancelled all flights till 30 July due to "operation reasons". Informing air passengers on Twitter about the flight cancellation, the airline wrote, "We regret to inform you that due to operational reasons, Go First flights scheduled till 30th July 2023 have been cancelled.

29.07 / 01:39

COST Aviat Aware Airlines IBC Aviation Ministry, MCA take different flight paths on IBC moratorium

insolvency resolution of an airline, persons aware of the details said. Under the Insolvency and Bankruptcy Code (IBC), once resolution proceedings are initiated, the transfer or disposal of assets of the stressed firm is effectively barred through a moratorium.

28.07 / 20:16

COST UPS Aviat Airlines reports Akasa Air reports a loss of Rs 602 crore

Akasa Air posted an operating loss of ₹602 crore. While the airline earned ₹777.8 crore, its operational expenditure stood at ₹1,866 crore, according to a data furnished by minister of state for civil aviation VK Singh in Lok Sabha. The airline started operations last August and results are up till March 31, 2023.

28.07 / 20:14

Airlines 'Lenders creating hindrance in Jet Airways revival'

Jalan-Kalrock consortium, which had won the bid to take over bankrupt Jet Airways, on Friday sought clarity from the National Company Law Appellate Tribunal on the transfer of ownership of the grounded airline, claiming that the creditors were creating hindrances to restart operations. The consortium's counsel argued that the «committee of creditors was initiating litigation in different fora», making it difficult for the airline to resume flight operations.

28.07 / 19:05

Citi Lowe's Target JPMorgan Airlines analyst 4 big analyst cuts: Snap slashed to Hold, Southwest gets several downgrades

Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Snap, Southwest Airlines, Mersana, and Perficient.

28.07 / 17:23

UPS Manufacturing CEO Airlines country Supply chain woes: IndiGo working closely with airframe, engine makers to minimise impact

IndiGo has been experiencing supply chain issues related to the availability of spare engines for its neo aircraft and is working closely with airframe as well as engine manufacturers to ensure there is minimum economic and operational impact, according to its annual report. The airline, which aims to carry 100 million passengers in the current financial year, is also taking steps to prepare its sales and distribution for further international presence.

28.07 / 13:45

Airlines hearing Jalan-Kalrock vs Jet lenders: NCLAT defers hearing till 7 August

₹400 crore of public money into the airline, which includes settling airport dues. According to the January order by the Mumbai bench of the tribunal, the effective date of the resolution plan was taken as 16 November.

28.07 / 12:31

IPO Provident Airlines Parke performer services Zeal Global Services IPO: Subscription status on day 1, and other key details here

₹103 per equity share and the share will be listed on the NSE SME exchange Wednesday, 9 August. Zeal Global Services IPO plans to raise ₹36.46 crore. The company plans to use the issue's proceeds to pay for the following things: working capital needs, investments in subsidiaries for company growth, partial debt repayment, general corporate purposes, and issue expenditures.

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