Airlines Financial News

Boeing is waiting to find out whether 33,000 aircraft assembly workers are going on strike and shutting down production of the company’s best-selling planes

A strike by the 33,000 factory workers who assemble some of Boeing’s best-selling planes would come as another blow to a company whose bottom line and reputation have taken plenty of hits this year

Air Canada is asking Prime Minister Justin Trudeau’s government to intervene in contract negotiations with its pilots, seeking to avoid a shutdown of the airline next week.

Directorate General of Civil Aviation (DGCA) on Thursday proposed stricter norms for the oversight of wet-leased planes operated by Indian airlines. Faced with the grounding of a significant number of planes due to engine and supply chain woes, domestic carriers are utilising more wet-leased aircraft as a short-term measure to cater to rising air traffic demand. The watchdog has issued a draft for public consultation on the revised Civil Aviation Requirements (CAR) on wet/damp lease operations by Indian operators to strengthen the regulatory framework for safety oversight of wet/damp lease operations. Wet lease of an aircraft by an Indian carrier involves the leasing of foreign aircraft, along with crew, maintenance and insurance. The plane is also under the operational control of the foreign operator (lessor) and subject to regulatory requirements of the foreign civil aviation authority concerned.

(Bloomberg) — Air Canada is asking the federal government to intervene as early as Saturday to request arbitration ahead of a potential strike by pilots at the country’s largest airline.

Narendra Modi said. “There was a time when air travel was only reserved for the elite in India. It was limited to big cities but the middle and poor class never could use this. But today, lot of common people are flying from tier 2 and tier 3 cities,” Modi said while addressing the second Asia Pacific Ministerial Conference on Civil Aviation Thursday. The Prime Minister also announced the unanimous passing of the Delhi Declaration under which the countries agreed to work together to enhance regional cooperation, addressing emerging challenges, and fostering sustainable growth within the civil aviation sector.

Boeing is preparing to learn Thursday whether 33,000 aircraft assembly workers, most of them in the Seattle area, are going on strike and shutting down production of the company's best-selling planes. Members of the International Association of Machinists and Aerospace Workers plan to vote on whether to approve a contract offer that includes 25% pay raises over four years. If the factory workers reject the contract and two-thirds of them vote to strike, a work stoppage would begin Friday at 12:01 a.m. PDT. A walkout would not cause flight cancellations or directly affect airline passengers, but it would be another blow to Boeing's reputation and finances in a year marked by problems in its airplane, defense and space operations.

Business groups have expressed “deep concern” over the looming pilot strike at Air Canada, which they said would significantly disrupt Canada’s supply chain.

Carriers in Canada are gearing up as the country’s largest airline prepares for a possible shutdown next week — a prospect that would leave thousands of Canadians’ fall travel plans up in the air.

There might be a strike at Boeing this week after all

Willie Walsh, director general of International Air Transport Association (IATA) said. Giving a major relief to foreign airlines, the Goods and Services Tax (GST) Council on Monday decided to exempt import of services by an establishment of a foreign airline. The relief was given citing that Indian carriers get similar tax benefits abroad. “The issue was becoming concerning for the airlines. But with this change in regulation, it looks to be very optimistic for India,” Walsh said on the sidelines of the Asia Pacific Ministerial Conference on Civil Aviation being held at New Delhi.

Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to stick with CEO Robert Jordan

United States observes Patriot Day, honoring the nearly 3,000 lives lost in the 2001 terror attacks. The day serves as a solemn reminder of the devastating events that unfolded when four planes were hijacked and used to target key locations, including the Twin Towers in New York and the Pentagon. The attacks not only shook the U.S. but also the entire world, marking a turning point in global security measures and international relations.

Less space, more fees, disruptive delays… the list goes on.But one Edmonton woman sparked online debate about airplane etiquette after she was the victim of an annoying case where her two male seatmates refused to stick to their own personal space — in other words, two “manspreaders” were seriously encroaching on her already tight legroom.Erin Rempel began to feel the pinch aboard a Flair Airlines flight from Winnipeg to Edmonton last month, when the two strangers on either side of her assigned middle seat chose to open their legs, leaving the lower half of her body tightly squeezed together.She shared the video to TikTok, captioning the clip “Why would anyone EVER need that much room???”why would anyone EVER need that much room??? i tried to get him to move but he wouldnt ♬ female rage – bel6va In the 17-second video, Rempel is seen trying to uncomfortably reposition her legs with no success.“I kept trying to push his legs lightly back to his side to hopefully have him catch my hints, with no prevail,” she told Global News via text message, referring to the man on her right, whose manspreading is the worse of the two.It took her reaching down between her legs to retrieve something under her seat, which ultimately forced him to reposition his own legs, she said.Rempel, a model who stands six-feet-two-inches tall, said the man to her right was actually shorter than her, making it possible for him to keep to his own space.“I’ve never had a problem fitting in the seats…and I have not much room but I can manage to keep to myself.”Fortunately, it was only a short flight, but Rempel said if it had been longer she probably would have asked the attendants for some help.She said she recorded the video and shared it to TikTok to

Air India Express, which is set to complete the merger of AIX Connect with itself next month, will phase out business class seats in its aircraft in 2025, according to a senior airline official. Currently, the carrier, part of Tata Group, has a fleet of 85 aircraft — 25 A320 family planes and 60 Boeing 737s. By year-end, the total number is expected to be around 100. The airline has 34 white tail Boeing 737-8 aircraft and out of them, 29 have business class seats of varying numbers. Their count will rise to 50 by the end of this year. Generally, white tail planes are those that were originally manufactured for a particular airline and later taken by another airline.

IndiGo has paid the reduced penalty of Rs 70 lakh imposed by regulator BCAS on the airline in connection with the incident of passengers having food on the Mumbai airport tarmac in January this year. The Bureau of Civil Aviation Security (BCAS) had imposed a fine of Rs 1.2 crore on the airline on January 18 for the incident that happened on January 14. In a filing to the BSE on Tuesday, IndiGo said that pursuant to an appeal, BCAS reduced the penalty to Rs 70 lakh through an order dated August 12. «There is a delay in submission of the disclosure within prescribed timelines since the company was in the process of reviewing the legal remedies available against the order. Post review, the Company has paid the revised/reduced penalty amount to BCAS on September 10, 2024,» the filing said.

Check out the companies making headlines in midday trading:

Battery-powered devices are overheating more often on planes, and that is raising safety concerns because of the fire danger

Air Canada is working on plans to start suspending operations ahead of a looming pilot strike, the carrier said in a statement Monday morning.

Air Canada says it’s making plans to suspend flights beginning on Sept. 15 if a new contract is not reached with the union representing more than 5,000 pilots.

Boeing and its largest union are entering the last week of contract negotiations before a threatened strike by more than 30,000 workers