Airlines Financial News

Hackers are demanding $6 million in bitcoin from the operator of the Seattle-Tacoma International Airport for documents they stole during a cyberattack last month

N Chandrasekaran spoke to Kala Vijayraghavan at the group's Bombay House headquarters in an exclusive interview. Edited excerpts: What's your assessment of the performance of Tata Group companies? They have performed well. All our existing companies have strong balance sheets and they continue to show improving performance. This is reflected in our group's market cap, which has crossed ₹35 lakh crore. Several of our companies, including Tata Power, Tata Consumer, Trent, Tata Motors and Indian Hotels, have crossed significant milestones in market capitalisation. Tata Motors alone is now valued at over ₹4 lakh crore.

SpiceJet has revealed it has not paid around Rs 2,200 crore in tax deducted at source (TDS) from employees' salaries between April 2020 and August 2023 to tax authorities. Additionally, the airline owes over Rs 1,353 crore in provident fund (PF) payments to its employees for the same period. In the airline's preliminary placement document (PPD) filed with the Bombay Stock Exchange (BSE), SpiceJet said about Rs 720 crore of TDS for the assessment years 2009-10 to 2013-14 is disputed. It also listed considerable dues in customs, service tax, and goods and services tax (GST) as «disputed.» «Owing to our constrained financial position, we have delayed in depositing/ payment of the statutory dues,» the cash-strained ailrine said. These dues include TDS and filing of TDS returns on time, gratuity dues to employees, provident fund, and goods and services tax and filing of returns.

Water on an Alaska Airlines flight from Hawaii to Alaska entered the cabin from a flooded bathroom, crew tried to mop it up. (Credit: Dustin Parker/Facebook)

Air Canada and the union representing its pilots have come to terms on a labor agreement that is likely to prevent a shutdown of Canada’s largest airline

A strike by some 33,000 Boeing machinists is impacting production of the company's best-selling airplanes

Air Canada and the union representing more than 5,200 pilots have reached a last-minute tentative deal in their labour dispute, averting a strike that could have disrupted travel plans for thousands of passengers.

Air Canada said Sunday it has reached a last-minute tentative deal with its pilots, averting a crippling strike that would have grounded flights and risked devastating the economy. The agreement was announced just minutes after a key overnight deadline lapsed that would have seen hundreds of flights started to be cancelled over the coming days. «Air Canada has reached a tentative, four-year collective agreement with the Air Line Pilots Association (ALPA), representing more than 5,200 pilots at Air Canada and Air Canada Rouge,» the airline said in a statement.

Malaysia Airlines is keen to expand its operations into India, which is a «very important market», according to a top airline official. The airline, which currently flies to nine Indian cities, is eyeing new destinations as well as looking to increase frequencies to Trivandrum and Ahmedabad. Part of the Malaysia Aviation Group (MAG), Malaysia Airlines operates daily flights to Delhi, Mumbai, Bengaluru, Amritsar, Chennai, Hyderabad and Kochi. It also has four weekly services from Ahmedabad and Trivandrum.

IndiGo Airlines has issued an apology and said that the customers are being provided hotels and are being rebooked as per their final destination. The video of the incident, which took place on Thursday on flight 6E 2235, shows flyers in utter discomfort.

Air Canada and its pilots to reach an agreement in their labour dispute ahead of a looming shutdown that could upend air travel for thousands of passengers.Some disruptions have already begun as a midnight deadline is fast approaching for the national carrier and the Air Line Pilots Association (ALPA), which represents 5,200 Air Canada pilots.Both sides remain far apart on negotiations and if a settlement is not reached by 12:01 a.m.

California has been arrested for causing a disturbance on a Frontier Airlines flight bound for San Francisco. Charles Angel Salva, aged 30, may face up to 20 years in federal prison. He assaulted the crew and threatened to kill everyone onboard. This incident reportedly occurred earlier this month. Federal prosecutors revealed that Salva tampered with the oxygen masks in the overhead compartments. A witness mentioned that Salva seemed out of breath and wanted to get off the plane. When he pulled down the oxygen masks, his hand got stuck, and a fellow passenger helped him. Salva then verbally abused a flight attendant, saying, «This airplane is going down, we are all going to hell.» Panic erupted when Salva grabbed a fellow passenger and ran to the back of the plane. He tried to choke a flight attendant, leaving marks on her neck, and threatened to kill everyone on the flight.

Aerospace will drive growth for Tata Technologies as it sees an increase in business driven by a supply chain crisis forcing airlines to refurbish cabins as they look to hold onto aircraft longer. The company has also tied up with major aircraft manufacturers — Airbus and Boeing — and maintenance, repair, and overhaul (MRO) firms for faster processes to make grounded aircraft fly. «The company anticipates substantial growth in aerospace business in the coming years. We aim to be a dominant force in aerospace engineering and the partner of choice for our customers,» Aloke Palsikar, head of aerospace and industrial heavy machinery sales at Tata Technologies, told ET in an interview.

With Air Canada pilots poised to strike, the NDP has abrogated its supply and confidence agreement with the Liberals and announced that it will not support back-to-work legislation. With the Conservatives making a play for organized labour and anxious to trigger an election, it is unclear how far they will go this time, assuming Prime Minister Justin Trudeau, fearful of the political winds and increasingly desperate to avoid the electorate, decides to have the minister of labour order them back to work as they did with the railway workers.

Canada’s largest airline and business leaders are urging the federal government to intervene in labor talks with its pilots in hopes of avoiding a shutdown

Aircraft assembly workers have walked off the job at Boeing factories near Seattle and elsewhere after union members voted overwhelmingly to reject a tentative contract that would have increased wages by 25% over four years

Pilots of an Alaska Airlines jet aborted a takeoff in Nashville to avoid a possible collision with a Southwest Airlines plane

The Fitz-Gerald Group principal Keith Fitz-Gerald discusses the machinist union going on strike against Boeing, his market outlook, and the anticipated Fed policy meeting.

United Airlines says it will offer free WiFi service on flights using the satellite-based Starlink service from Elon Musk’s SpaceX

Air Canada could start winding up operations and cancelling flights imminently ahead of Sunday’s strike deadline.

With a potential strike by Air Canada’s pilots or a lockout by the company inching closer, travellers may be wondering what rights they have and what they can do if their flight gets cancelled.