Airlines Financial News

According to a Pentagon audit, Boeing has overcharged the Air Force on spare parts for a major cargo plane, including marking up the price of simple lavatory soap dispensers by 8,000%

Pakistan International Airlines (PIA) was held at a hotel in Islamabad and shown live on the state-run PTV channel. The move to sell the PIA and other loss-making state-owned enterprises is part of the deal with the International Monetary Fund (IMF) that recently agreed to provide USD 7 billion to Pakistan. The government had pre-qualified six groups in June, but only a real-estate development company, Blue World City, participated in the final bidding process.

California is partnering with a major airline trade group to increase the availability of sustainable aviation fuels in the state

Saudi startup airline Riyadh Air has ordered 60 Airbus aircraft

civil aviation security and intelligence agencies have been issued by the Bureau of Civil Aviation (BCAS) in view of the «evolving security challenges», especially the «emerging trend» of issuing hoax bomb threats through various social media platforms. In the past two weeks, more than 510 domestic and international flights have received bomb threats that later turned out to be hoaxes. The threats were issued mostly through anonymous handles on social media platform X. This has caused «major» operational and financial distress for the airlines. As per the current practice, a Bomb Threat Assessment Committee (BTAC) is convened at a designated airport to analyse a bomb or security threat issued against an airline, airport or any part of the aviation ecosystem that decides to declare it «specific» or serious or «non-specific» or hoax.

An electrical system malfunctioned, the autopilot quit and some radio communications were disrupted aboard a Frontier Airlines plane before the pilots made a fiery but safe emergency landing in Las Vegas earlier this month

IndiGo hit an all-time high of Rs 5,033 in the month of September, from where it started its falling spree and corrected by 25%. After a long time, the stock is currently placed below its 200-day exponential moving average (DEMA), with the stock oscillating in the oversold territory on the relative strength indicator (RSI).

Russia has made aproposal to allow Indian airlines to operate local flights within its territory, as its own carriers are unable to meet demand because of Western sanctions cutting off their access to US and European aircraft manufacturers and component supplies. Russia approached India as well as China and a few Central Asian nations a month back, with a ‘cabotage’ proposal to allow their airlines to operate flights on its domestic routes, people aware of the development said. The matter was again raised during Prime Minister Narendra Modi’s visit to Russia last week for the BRICS summit, they said. However, Indian airlines have expressed reservations over the proposal and told the government that it would not be viable for them to operate within Russia, the people said.

Tata-Airbus aircraft complex, that will produce the C295 military transport aircraft, can pave the way for developing and manufacturing civil aircraft to meet the needs of India and the world in the future, Prime Minister Narendra Modi said on Monday. Speaking after inaugurating the complex with his Spanish counterpart Pedro Sanchez, the Prime Minister stressed that the facility reflects the work culture of a new India and is in line with the 'Make in India, Make for the World' slogan. The complex in Vadodara will produce at least 52 of the military transport aircraft, with the first expected to be ready by 2026. Noting the growing demand of civil aircraft in India, the PM said that domestic airlines have ordered 1,200 planes in the recent past as air connectivity is being increased to hundreds of small cities as well.

flights per week flight movements this winter despite rising travel demand. Chhatrapati Shivaji Maharaj International Airport (CSMIA) is all set to provide an extensive network of travel options for its passengers with 3,372 weekly flights--2,361 weekly domestic and 1,011 weekly international flights-- for the winter schedule 2024, the private airport operator said. Significantly, as per the winter schedule for the Indian Airlines announced by the Directorate General of Civil Aviation (DGCA) earlier this month, the Indian airlines will operate 25,007 flights every week to and from 124 airports, which is 5.37 per cent more compared to the winter schedule of 2023. The winter schedule this year started from October 27, 2024 and will continue till March 29, 2025.

Boeing is looking to raise up to approximately $19 billion in a stock offering as the aerospace giant, which is dealing with a contentious strike, faces liquidity issues and tries to raise cash

Subscribe to enjoy similar stories. InterGlobe Aviation Ltd’s shares lost about 7% on Monday after higher costs marred the airline's September quarter (Q2FY25) results, leading to a worse-than-estimated net loss of ₹990 crore. Naturally, the poor show has triggered a cut in earnings estimates for FY25 and FY26.

American Airlines is testing a new technology at three airports across the country during the boarding process that aims to cut down on passengers who try to jump the line

Sen. Ted Cruz, R-Texas, A.I. cyber exploitation victim Elliston Berry and her mother Anna McAdams discuss the dangers of artificial intelligence as cyber exploitation schemes become a growing problem among minors.

IndiGo flight from Jaipur to Chennai on Saturday caused confusion among approximately 160 passengers when it took off again soon after landing at Chennai airport. Airport authorities explained that the incident was due to crosswinds affecting the landing. The aircraft touched down on the main runway beyond the threshold point, prompting the pilot to take immediate action. Realizing there might not be enough runway space to slow down safely, the pilot decided to take off again promptly. No passengers were harmed during the incident. Flight 6E265 from Jaipur usually arrives in Chennai at 1:05 pm. On Saturday, the flight arrived earlier, around 12:45 pm. However, due to crosswinds, the pilot was unable to land at the runway's start, and the plane touched down in the middle. The pilot then took off immediately, circled around, and landed again at 12:58 pm.

advisory to social media companies such as X (formerly Twitter) and Meta, in the face of increasing hoax bomb threats to Indian airlines, reported TOI. The advisory calls for these platforms to make «reasonable efforts to disallow such malicious acts including hoax bomb threats from being disseminated on their platforms.» «The scale of spread of such hoax bomb threats has been observed to be dangerously unrestrained due to the availability of the option of 'forwarding/re-sharing/re-posting/re-tweeting' on the social media platforms,» the Ministry of Electronics and IT highlighted on Friday. These hoax threats primarily consist of misinformation that significantly disrupts public order, airline operations, and the security of travellers. According to the TOI report, social media intermediaries are required to «observe their due diligence obligations that include the prompt removal or disabling access to such unlawful information specified under the IT Rules, 2021, including hoax bomb threats, well within the strict timelines as prescribed under the IT Rules, 2021.»

Delta Air Lines is suing the cybersecurity firm that has been blamed for causing a global technology outage this summer

Subscribe to enjoy similar stories. Boeing, a pioneer of the jet age and one of the most strategically crucial companies to American economic success, has lost its way. Getting back on track will require a daunting campaign to win back the trust of travelers, airlines, regulators, investors and its own employees.

Anyone who’s flown with a major airline in recent years knows the scourge of so-called “gate lice,” even if they could never put a name to these particular flouters of airline etiquette.

Spirit Airlines is cutting jobs and selling off some jets worth millions of dollars as the budget carrier aims to cut costs amid looming financial struggles and an uncertain future

Air India Express, a subsidiary of Air India, on Friday announced commencement of direct flights from Port Blair to Kolkata. The double daily flights to and fro Kolkata will commence on December 1, it said, adding that bookings are now open on the airline's website, mobile app, and other major booking channels. The first flight from Port Blair to Kolkata will take off at 8.35am and reach Kolkata at 10.45am. The second flight will leave Port Blair at 12.20pm and reach Kolkata at 2.35pm. On the other hand, the first flight from Kolkata to Port Blair will take off at 5.40am and reach Port Blair at 7.50 am. The second one will start at 9.20am and reach at 11.40am, the airline statement said.