Airlines Financial News
27.07 / 08:15
Citi
FIVE
Aviat
Airlines
Boeing
Air India plans to start flights to Los Angeles, Boston
Air India is planning to operate flights to more US cities, including Los Angeles, and is assessing various metrics, according to sources. Currently, the airline operates non-stop flights to five American cities — Washington, DC, New York, New Jersey, Chicago and San Francisco. Los Angeles and Boston are among the cities being assessed as potential new destinations for long-haul flights from India, the sources said.
27.07 / 08:15
Citizens
Aviat
Airlines
Strategy
show
country
Orientalist, elitist and politically incorrect: Why Air India mascot Maharaja is retiring
Air India's Maharaja is perhaps the most popular and long-lived advertising icons of India. He carried on with his characteristic elan even when the airline struggled under mounting debt and numerous inefficiencies. Now it's time for him to step down. As the Tata Group embarks on a long-awaited revamp of the airline, the Maharaja will recede to the background, ET has reported. The airline is likely to continue using the Maharajah image for its airport lounges and premium classes but he will retire as the mascot. That the Maharaja's time was up was apparent when Tata Sons roped in London-based brand and design consultancy firm Futurebrands last year to redraw Air India’s branding strategy. Among multiple strategies being considered was creating a new mascot for the airline since the Maharaja appeared outdated. Air India had already stopped using the Maharaja logo in its campaigns of new destination launches.How the Maharaja was born The Maharaja was born in 1946, when Bobby Kooka, Air India's Commercial Director, and Umesh Rao, an artist with advertising agency J.Walter Thompson, together created the brand icon. The Maharaja began merely as a rich Indian potentate, symbolizing graciousness and high living. And somewhere along the line his creators gave him a distinctive personality — his outsized moustache, the striped turban and his aquiline nose, the Air India website had explained. “He can be a lover boy in Paris, a sumo wrestler in Tokyo, a pavement artist, a Red Indian, a monk… he can effortlessly flirt with the beauties of the world. And most importantly, he can get away with it all. Simply because he is the Maharaja,” Kooka had said.
27.07 / 04:27
Aviat
Manufacturing
Airlines
Boeing
Inside
information
US regulators
After Boeing Max crashes, US regulators detail safety information that aircraft makers must disclose
The Federal Aviation Administration says it's giving manufacturers more guidance on safety information that they must disclose when seeking certification of new large planes
27.07 / 04:27
Booking
Airlines
Boeing
cover
The US is requiring more planes to have accessible restrooms, but change will take years
The federal government is requiring that more new planes have lavatories big enough for wheelchair users
27.07 / 04:27
COST
Progressive
CEO
Airlines
Boeing
performer
plane
Lost
Boeing lost $149 million last quarter as the plane maker pushes ahead with production increases
Boeing is reporting a $149 million loss for the second quarter despite higher revenue, as the plane maker struggles with higher costs in both its airline and defense business
27.07 / 02:09
Citi
FIVE
BLOCK
Booking
Williams
Airlines
JetBlue
American Airlines
Judge rejects US bid to restrict American Airlines, JetBlue deals
By Nate Raymond and David Shepardson
26.07 / 23:02
Aviat
Aware
Airlines
awards
IBC
NCLT allows Go First to use leased aircraft
NEW DELHI, MUMBAI : The National Company Law Tribunal (NCLT) has granted relief to bankrupt Go First, allowing the grounded airline to utilize leased aircraft as it prepares to resume operations. In an order issued on Wednesday, NCLT said that the civil aviation regulator Directorate General of Civil Aviation (DGCA), has not deregistered the aircraft, which means that they are available to the airline to resume operations.
26.07 / 23:01
UPS
Waves
Aviat
Manufacturing
Airlines
performer
IndiGo’s Pratt & Whitney woes resurface
In another wave of engine trouble in India, IndiGo, the country’s largest airline, will need to send some of its Airbus A320neo family aircraft using Pratt and Whitney engines for inspection as the US engine maker has suggested accelerated inspection of 600 aircraft worldwide. “We are in receipt of the information from the OEM Pratt and Whitney (P&W) regarding the outcome of the latest inspection of their engine. We are working closely with P&W to assess and minimize any potential impact to our fleet," a spokesperson for IndiGo said.
26.07 / 18:27
UPS
Provident
Airlines
SC asks Jet Airways to reinstate 169 workers with back wages
Jet Airways, the Supreme Court has asked the grounded airline to reinstate its 169 workers with full back wages. While quashing the orders of the Bombay High Court and the Central Government Industrial Tribunal that ruled to the contrary, a bench comprising Justices Abhay S Oka and Sanjay Karol said the provisions of the Bombay Model Standing Order for workmen could not have been waived by the debt-laden carrier through fixed-term contracts and the workers were entitled to all the benefits.
26.07 / 17:47
Provident
Aviat
Airlines
show
country
Indian
Time
How first-time flyers give wing to Indian aviation
NEW DELHI : State-owned Airports Authority of India (AAI), India’s largest airport operator, followed a set formula of having one Indian toilet for every 10 western ones at its aerodromes. That, however, changed after the onset of the pandemic, as its headquarters in New Delhi received numerous requests from many heads of airports across the country asking for that criterion to be relaxed.
26.07 / 17:05
UPS
FIVE
Aware
Manufacturing
Airlines
5 IndiGo aircraft will need engine change by September due to Pratt & Whitney issue: Sources
IndiGo aircraft will need immediate examination due to a technical issue that has cropped up with Pratt and Whitney’s (P&W) geared turbofan engines. People aware of the development said that while 11 aircraft of the airline have been identified for examination by September, six are already grounded due to lack of spares. While the airline has 136 aircraft in its fleet fitted with P&W engines, 47 aircraft are grounded due to maintenance work, and shortage of engines and spares.
26.07 / 16:29
Citi
Provident
Racing
Airlines
Pool
Boeing
Discover
Airbus Hit With New Supply-Chain Hurdle in Race With Boeing
LONDON—Airbus faces another high hurdle in delivering its bestselling jets as it races to solidify a commanding lead over rival Boeing. Airbus has been working to rapidly increase output of its bestselling A320 family of aircraft as it seeks to deliver on a backlog that now stretches out into the early 2030s. Many of those planes are powered by a certain type of Pratt & Whitney engine, which the engine maker said earlier this week will need to be recalled and inspected.
26.07 / 15:31
UPS
Waves
Aviat
Manufacturing
Airlines
performer
Pratt & Whitney woes return for IndiGo, airline plans minimum impact
New Delhi: In another wave of engine trouble, India’s largest airline IndiGo will need to send some of its Airbus A320neo family aircraft run on Pratt & Whitney engines for inspection as the US-based engine maker has suggested accelerated inspection of 600 aircraft worldwide. “We are in receipt of the information from the OEM Pratt and Whitney (P&W) regarding the outcome of the latest inspection of their engine. We are working closely with P&W to assess and minimise any potential impact to our fleet," an IndiGo spokesperson said.
26.07 / 12:13
COST
UPS
CEO
Airlines
Boeing
Boeing boosts monthly 737 production to 38, posts upbeat earnings
(Reuters) -Boeing said on Wednesday it was ramping up production of its bestselling 737 MAX narrow-body jet to 38 per month from 31, a sign the planemaker was recovering from a supplier error that had scuttled its plans for an early ramp up.
26.07 / 12:07
UPS
Booking
Racing
Airlines
Boeing
reports
Boeing reports second-quarter revenue beat, boosts 737 production goals
Investing.com — U.S. planemaking giant Boeing (NYSE:BA) reported second-quarter revenue that topped average analyst estimates, as it also outlined plans to increase production of its popular 737 MAX narrowbody jet.
26.07 / 11:41
Provident
FIVE
Manufacturing
CEO
Airlines
Boeing
country
boost
Indian
Air India aims to boost Indian cargo ecosystem, eyes 300% growth in 5 years
Air India has placed orders for wide-body aircraft of 34 A350-1000, six A350-900, 20 Boeing 787 Dreamliner, and 10 Boeing 777X wide-body aircraft, thus bolstering India’s cargo ecosystem, the airline announced on Wednesday. “At Air India, we see a huge potential in the air cargo industry, which the Indian Government plans to grow to 10 million tonnes by 2030.
26.07 / 10:05
Aviat
CEO
Merit
Airlines
IndiGo says working with Pratt & Whitney amid latest engine probe
NEW DELHI (Reuters) -IndiGo operator InterGlobe Aviation said on Wednesday it is working with Pratt & Whitney to assess any potential impact on its fleet, after a warning from the U.S. engine maker spooked global airlines.
26.07 / 08:21
UPS
Aviat
Action
Airlines
show
Pilots
DGCA suspends IndiGo pilots for tail-strike incident in Ahmedabad
New Delhi: The Indian civil aviation regulator Directorate General of Civil Aviation has suspended the pilots involved in a tail strike incident at Ahmedabad airport on 15 June. While the pilot-in-command has been suspended for three months, the co-pilot has been suspended for a month. “On 15.06.2023, an Airbus 321 aircraft was involved in a tail strike while landing at Ahmedabad.
26.07 / 08:03
UPS
Progressive
Airlines
Boeing
performer
rolls-royce
Rolls-Royce leaps as airline and defence demand lifts profits
By Paul Sandle and Sarah Young
26.07 / 01:15
Aware
SUN
Airlines
Strategy
electronic
end
Maharajah's reign as mascot of Air India could end
Tata Group is set to make one of the most visible changes to Air India since the conglomerate took control of the airline last year — the iconic Maharajah mascot will no longer be central to its brand identity. The change is part of a wider brand refurbishment strategy which has been in process since last year. «Air India wants to become the carrier of choice for people flying in and out of India.
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