Airlines Financial News

The National Transportation Safety Board is about to hold a two-day hearing into the blowout of a panel from the side of a Boeing 737 Max airliner

Tax Intelligence (DGGI) has sent showcause notices to 10 foreign airlines operating in the country, for alleged non-payment of tax amounting to ₹10,000 crore, officials said. They include British Airways, Lufthansa, Oman Air, Emirates and Singapore Airlines, they said. The notices, sent over the past three days, deal with unpaid tax dues on the import of services by Indian branches from head offices, officials said. Airlines are not covered by a June 26 circular on valuation of supply of import of services by a related person, where the recipient is eligible for full input tax credit, an official said. DGGI sought segregated list This is the circular cited by Infosys following a recent integrated GST demand amounting to Rs 32,000 crore.

Cybersecurity software company CrowdStrike is firing back at Delta Air Lines

A Frontier Airlines flight that had been set to go from Houston to the Dallas area last week got canceled not because of weather, but because one of its pilots got arrested

The summer travel season is in full swing, often bringing more flight delays and cancellations.

IndiGo cancelled scheduled flights to and from Dhaka with immediate effect on Monday due to the emerging situation in the wake of Bangladesh Prime Minister Sheikh Hasina resigning amid unprecedented anti-government protests. A Vistara official said it operated the flight from Mumbai on Monday and the situation is being monitored for operations to Dhaka on Tuesday. While Air India operates two daily flights from Delhi to Dhaka, Vistara flies daily flights from Mumbai and three weekly services from Delhi to the Bangladesh capital. IndiGo has flights to Dhaka from the national capital, Mumbai, Chennai and Kolkata. The number of flights that are operated by the airline could not be immediately ascertained.

Sheikh Hasina has landed at Hindon Air Base in a C-130 transport aircraft, reported news agency ANI. The move of Hasina comes as the airport remains under protection with fewer flights operating from the base. The aircraft will be parked near the Indian Air Force’s C-17 and C-130J Super Hercules aircraft hangars. The aircraft movement was monitored by Indian Air Force and security agencies from its entry into Indian airspace to Hindon airbase in Ghaziabad, reported ANI quoting its sources. Hindon Airport is a Civil Enclave in Ghaziabad Distt. of Uttar Pradesh, operated by the Airports Authority of India at Hindan Air Force Station. It is the second commercial airport in the Delhi NCR which is around 24km from New Delhi Railway Station connected by Major Mohit Sharma Rajender Nagar Metro Station of Ghaziabad, after Indira Gandhi International Airport,Delhi. This airport built to handle domestic flights operating under the Government's Regional Connectivity Scheme (RCS) operated by Airports authority of India.

Gulf countries during the June to September holiday season have risen five-fold, causing financial hardships to poor labourers and the middle class migrants who want to visit India, a Rajya Sabha member said on Monday, asking the government to stop this "organised loot". Raising the issue +through a Zero Hour mention in the House, Jebi Mather Hisham (Congress) said June-September is normally a school holiday season in the Middle East countries but this has turned into a «horror season» due to the «exorbitant, exploitative and extortionist» airfares implemented by the airlines. «We call it organised loot because it (the fare hike) has not doubled or tripled but has increased by more than five times,» she said. Against the one-way fare of Rs 8,000 from Gulf countries to Kerala, a poor labourer is now having to shell out Rs 46,000 one-way and about Rs 1 lakh for return fare.

NEW DELHI : India's largest airline IndiGo (InterGlobe Aviation Ltd), which offered low-cost all-economy seats so far, has announced the launch of ‘IndiGo Stretch’ business class. The airline, which started in 2006 with 100 aircraft in the pipeline, now has a fleet of over 380 aircraft and expects to receive more than 970 aircraft over the next decade. Mint spoke to the airline's promoter and managing director, Rahul Bhatia, about the airline's journey and what lies ahead as it enters the next phase of business with long-haul operations and business class seats.

pilot fatigue, pilots' grouping FIP has urged the civil aviation ministry to take steps for implementation of revised norms on flight duty and rest period at the earliest. The Federation of Indian Pilots (FIP), which has more than 6,000 members, had earlier also written to the civil aviation ministry on the revised CAR (Civil Aviation Requirement) for pilots after DGCA postponed their implementation. The revised CAR related to flight duty time limitation seeks to provide more rest time for pilots amid rising concerns over pilot fatigue. In March, the Directorate General of Civil Aviation (DGCA) decided to postpone its implementation. In a letter to Civil Aviation Minister K Rammohan Naidu, FIP President CS Randhawa has requested him to direct DGCA to implement the revised CAR at the earliest.

Iran and its allies readied their response to the assassination of Hamas's political leader, blamed on Israel, spurring fears of a regional war. Israel ally the United States said it would move warships and fighter jets to the region, while Western governments called on their citizens to leave Lebanon — where the powerful Iran-backed Hezbollah movement is based — and airlines cancelled flights. The killing this week of Hamas leader Ismail Haniyeh in Tehran, hours after the Israeli assassination of Hezbollah's military chief in Beirut, has triggered vows of vengeance from Iran and the so-called «axis of

malicious domains and phishing campaigns, in the aftermath of the global outage triggered by faulty software from CrowdStrike in July, are still actively pretending to seek feedback from impacted companies, cybersecurity experts said. Cybercriminals were quick to exploit the chaos caused by the CrowdStrike crisis and send remote access or data wiper malware through phishing emails, which are then used as a ransom tactic. Nearly 37,000 employees of top 350 global organisations have fallen prey to these phishing campaigns — termed as ‘Reap Blue Screen’ — and given away sensitive details, according to data from cybersecurity firm Cyfirma.

An airline passenger who tried to make a shank from plastic cutlery and open the cockpit door during a flight has been sentenced to 19 months in prison

Bilt Rewards, the customer-loyalty program provider that converts rental payments into points for airline miles, hotel stays, restaurant meals and other perks, has raised US$150 million in additional equity funding led byOntario Teachers’ Pension Plan. 

The U.S. Department of Transportation is proposing a new rule that would ban airlines from charging parents to sit with their young children

Turbulence is knocking a beloved instant noodle offering off Korean Air’s economy menu

Khalid Sheikh Mohammed, accused as the main plotter in al-Qaeda’s Sept. 11, 2001, attacks on the United States, has agreed to plead guilty, the Defense Department said Wednesday, pointing to a long-delayed resolution in an attack that altered the course of the United States and much of the Middle East.

domestic tourism and increasing propensity to travel overseas will expand the revenue of India's tour and travel operators by 15-17 per cent this fiscal, Crisil Ratings said on Thursday. Factors like improving infrastructure, rising disposable incomes, a behavioural shift in travel patterns, and the government's increasing focus on boosting domestic tourism will further support the sector's revenue growth. The assessment was based on an analysis of the country's four major travel operators, who account for about 60 per cent of the sector's revenue. «The credit profiles of travel operators, too, are expected to remain healthy, supported by strong balance sheets and steady operating margins of 6.5-7 per cent, in line with last fiscal, resulting in sizeable cash flows and continuing low reliance on debt,» Crisil Ratings stated.

Delta CEO Ed Bastian says the airline is facing $500 million in costs for the global technology breakdown this month

Boeing has a new chief executive

Boeing named a longtime aerospace industry veteran as its next chief executive, who will take over a company that has been rocked by legal, regulatory and production problems.