Airlines Financial News

flight allegedly forced the plane to return to the airport gate just moments before takeoff because he had forgotten his bag at the terminal. A video of the chaos has gone viral, according to a report. The video footage shows the passenger engaged in a dispute with a flight attendant of the budget airline in the aisle while the Airbus A320, en route to Bangkok, was in the process of taxiing for departure from Chiang Mai International Airport in Thailand, the USA Today report said. Thai Smile Airways airline is yet to make an official statement in this regard. As reported by New Zealand-based publication Stuff, the flight crew presented the man with two options: either disembark from the plane immediately or wait until they reached Bangkok. In the video, a flight attendant was heard asking, «Do you want to go? Or do you want to wait until Bangkok?» The passenger insisted on leaving the plane immediately and sought approval from the captain, stating, «Yes, yes, I want to go now. Ask the captain.» Airport security personnel were then observed escorting the man and his two companions off the aircraft. It is alleged that the bag left behind by the passenger contained money and other valuable items. Following a brief delay, the flight landed safely at Suvarnabhumi International Airport in Bangkok, as per reports.

«Skiplagging» is a money hack for travelers looking to save on airline tickets — but travel experts warn the practice comes with big risks.

Axis Bank has notified of certain changes it brings to the Magnus Card with effect from 1 September 2023. This includes discontinuation of the Tata CLiQ voucher for the newly onboarded members from the afore mentioned date.  The Axis Magnus credit card from Axis Bank boasts of a high earning as well as redemption rate. It offers 12 EDGE Rewards (ER) on every ₹200 spent.

Air India will lease three Boeing 777-300 ER from Singapore Airlines as it expands its fleet modernisation strategy. These aircraft are in addition to the 11 777 leased aircraft and will be used to phase out the older 777-200 aircraft which were inducted in 2009. These aircraft have older cabins and often have been subject of passenger ire due to crumbling seats, broken lavatories and dysfunctional seat-back entertainment screens.

Go Airlines (India) Ltd has received claims worth Rs 24,000 crore ($2.9 billion) from operational and financial creditors so far as part of the carrier's ongoing insolvency, two banking sources told Reuters. The process is in line with procedural requirements under Indian law which allow every creditor a right to payment and remedy by submitting claims if a company is under bankruptcy. Once the claims are filed, the resolution professional has to check its authenticity. «Claims from the lenders are around Rs 5000 crore, while lessors' claims amount to Rs 180 crore so far,» a banker with a state-run bank, who has exposure to Go Airlines said, after a meeting of the committee of creditors on Friday. The bankers did not wish to be identified because they were not authorised to speak to the media. Go Airline's resolution professional has yet to verify the veracity of the claims and did not immediately respond to a Reuters' email seeking comment.

The civil aviation regulator has granted conditional approval for Go First to resume flights with 15 aircraft or 114 daily flights, in a respite to the airline that has been grounded since its bankruptcy filing in May. The low-fare airline may resume scheduled flight operations on the availability of interim funding and the approval of flight schedule by the Directorate General of Civil Aviation (DGCA), the regulator said in a statement.

NEW DELHI : With the 2023 ICC Men’s Cricket World Cup captivating cricket fans, domestic airfares to Ahmedabad, where the crucial India-Pakistan match will be played on 15 October, have surged more than fourfold. Fares have shot up as fans scramble for tickets to witness the clash between the two teams in India after more than a decade. The last time India and Pakistan played each other on Indian soil was on January 2013 in Delhi.

NEW DELHI : An estimated 50 million workers who left the global hospitality industry in the last three years amid the devastating impact of the pandemic may never return to work. This has caused a major challenge for hotels, travel agencies, and other travel service providers, who are struggling to find enough staff to meet a post-covid surge in demand. However, one company sees this as an opportunity to assist these businesses in generating more revenues.

NEW DELHI : Budget carrier SpiceJet has told the National Company Law Tribunal (NCLT) on Friday that Willis Lease Finance is not among the four operational creditors of the airline and hence, its petition against the airline to initiate a corporate insolvency resolution process is dismissable. After the hearing, the court deferred the proceedings and the tribunal is now scheduled to hear the matter on 31 July. Challenging the maintainability of the petition, senior counsel representing SpiceJet Krishnendu Dutta said Willis isn’t among the airline’s four operational creditors.

Go First may resume scheduled flight operations on the availability of interim funding and approval of flight schedule by DGCA. Cash-strapped Go First, which had been flying for more than 17 years, stopped operations on May 3.

DGCA has accepted cash-strapped airline Go First's resumption plan, but subject to certain conditions. Go First's Resolution Professional Shailendra Ajmera recently invited Expressions of Interest (EoIs) from potential bidders for the grounded airline.

₹2000 every month to the women heads of families.A post shared by Priyanka Gandhi Vadra (@priyankagandhivadra) Soon after she dropped the pictures, her followers swamped the comment section with red hearts and fire emoticons. “This shows simplicity can bring people closer to you," a fan commented. Another fan wrote, “Brave girls!!“ Earlier, the airlines became the only Indian carrier in the list of the World’s top 10 most active airlines.

Tata Group-backed Air India is exploring opportunities with tech giant Apple, with the airline's chief executive officer Campbell Wilson visiting Apple headquarters in Palo Alto, US. "Dr Satya Ramaswamy and I, together with some of our colleagues, also spent time at Apple's head office in Palo Alto to explore opportunities for even deeper collaboration," Wilson told the airline's employees in an internal email.

In another addition to the growing list of instances of unruly behaviour by passengers mid-air, a senior Air India official was slapped and abused by a passenger on a Sydney-New Delhi flight last week. From ‘pee-gate’ under the influence of alcohol, to physical abuse, incidents of unruly behaviour on Indian skies have evoked a sense of disgust and embarrassment among the masses. A recent YouGov survey shows that among all unacceptable in-flight behaviour, drunkenness tops the list for urban Indians.

Qantas is trying to address woeful on-time performance by changing the way it boards planes, after the latest official statistics showed Australia’s dominant airlines remain sharply below their pre-pandemic discipline.

By Shivansh Tiwary

Redundancies are on the cards at the Brisbane headquarters of Bain Capital’s big IPO candidate Virgin Australia. The airline is preparing to haul in its general managers and issue an exit target for their respective business lines. Managers will be given several weeks to generate a plan.

The House has overwhelmingly passed a bill that would give the Federal Aviation Administration more money to hire air traffic controllers

New Delhi: India and Sri Lanka are expected to discuss economic connectivity and China during the visit of president Ranil Wickremesinghe starting on Friday. This is the Sri Lankan president’s first visit to India since taking office after his predecessor Gotabaya Rajapaksa was swept from power amid mass protests in 2022. Wickremesinghe’s visit comes even as his country continues to grapple with a protracted economic crisis with inflation soaring at 25.2%.

Check out the companies making headlines in midday trading.

American Airlines reported a $1.3 billion profit for the second quarter, continuing the run of strong results from the nation's airlines