Airlines Financial News

Air India Group on Friday announced several management changes amid the merger of the airline with Vistara, scheduled on November 12.

Subscribe to enjoy similar stories. Revival hopes for Jet Airways received a mortal blow on Thursday as the Supreme Court ordered its liquidation.

Jet Airways won't be returning to the skies.

Jet Airways announced temporary grounding of operations after flying as a full service airline for 25 years. Since then, more than 20,000 jobs and money worth thousands of crores owed to lenders, vendors and passengers evaporated while awaiting an insolvency resolution.

Supreme Court of India has ordered liquidation of the crisis-hit airline Jet Airways as the successful bidder Jalan Kalrock Consortium failed to meet financial obligations. The liquidation order from the apex court meant that the shareholders of Jet Airways, including about 1.43 lakh retail investors, are staring at a bleak future.

Subscribe to enjoy similar stories. You’ve spent years amassing a trove of credit-card points and frequent-flier miles…for what, exactly? If you’re unsure how to use all those points, you’re hardly alone. Americans are sitting on a massive stockpile of unused travel rewards.

Air India has deployed additional resources, including help desk kiosks, at touch points and airports to ensure a smooth experience for Vistara passengers post its merger with the airline next week, an official said on Wednesday. Full-service carriers — Air India and Vistara, a joint venture between Tatas and Singapore Airlines — set to be merged on November 11. Post-merger, the routes and schedule operated by Vistara and the Vistara in-flight experience will remain the same.

Boeing have voted to accept a contract offer and end their strike after more than seven weeks, clearing the way for the company to restart idled Pacific Northwest assembly lines.

Air France and KLM on Tuesday said they will operate up to 50 flights per week to and from India during the ongoing winter schedule from 39 services per week during summer. The 11 new flights have been added across Delhi, Mumbai and Bengaluru, Air France and KLM said in a statement.

A strike by 33,000 Boeing factory workers is coming to an end

Boeing were voting Monday whether to accept a contract offer or to extend their strike, which has lasted more than seven weeks and shut down production of most Boeing passenger planes. A vote to ratify the contract on the eve of Election Day would clear the way for a major U.S. manufacturer and government contractor to resume airplane production. If members of the International Association of Machinists and Aerospace Workers vote for a third time to reject Boeing's offer, it would plunge the aerospace giant into further financial peril and uncertainty. In its latest proposed contract, Boeing is offering pay raises of 38% over four years plus ratification and productivity bonuses. IAM District 751, which represents Boeing workers in the Pacific Northwest, endorsed the proposal, which is slightly more generous than one the machinists voted down nearly two weeks ago.

In less than 24 hours, the United States will head to the polls to choose its next president. Amidst the high-stakes atmosphere, billionaire Elon Musk, a known Donald Trump supporter, tweeted a comparison of the top donor lists for the 2024 presidential contenders with those of the 2020 election between Joe Biden and Donald Trump.

Singapore’s flag carrier, already rountinely ranked as the world’s No. 1 airline with its generous pourings of champagne and ability to book the cook and order Lobster Thermidor, unveiled its fresh and completely redesigned first and business class seats — with all-new privacy doors — on Monday. To start, Singapore Air’s seven Airbus SE A350 jets that fly the 18- or 15-hour crossings between Singapore and New York or Los Angeles will get four first class seats installed. The move comes as rival Qantas Airways Ltd. prepares to launch non-stop flights between Sydney and London and New York as part of Project Sunrise.

Unionized factory workers at Boeing are voting on Monday whether to accept a contract offer or to continue their strike

Pakistan International Airlines (PIA), the Punjab government, led by Chief Minister Maryam Nawaz, has also expressed interest in either purchasing the national carrier or establishing a new provincial airline, tentatively named "Air Punjab." On Saturday, Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif confirmed that his daughter and Punjab Chief Minister Maryam Nawaz had sought his advice on whether the provincial government should pursue the acquisition of PIA or launch a new airline, Dawn reported. «Maryam proposed that the Punjab government launch a new airline, Air Punjab, and I advised her to proceed with further consultations on the potential acquisition of the PIA,» Sharif shared from New York.

An airline passenger is sitting in jail in Virginia after being accused of an unprovoked attack on a fellow passenger who was sleeping

Subscribe to enjoy similar stories. A market share of 50% in a highly competitive industry is a rarity. Of all the major Indian companies, only two, Asian Paints and IndiGo, have managed that consistently.

Subscribe to enjoy similar stories. New Delhi: Bangladesh, the world’s largest garment producer, has opted to bypass India and ship its textile exports through the Maldives for onward distribution to global markets, hurting the cargo revenue prospects of India’s airports and ports amid strained bilateral ties, according to three people aware of the development. “Previously, Bangladeshi goods were shipped through Indian airports, but now they are rerouting shipments from other locations.

Striking workers at Boeing will vote on a new contract offer next week

Air Canada raised its annual core profit forecast on Friday, as the country’s largest carrier benefits from strong demand for international travel and lower jet fuel prices.