Airlines Financial News

Air India plane flying from Delhi to San Francisco made a precautionary landing in the Russian region of Siberia after crew detected a potential issue in the cargo hold area, the Indian airline said on Friday. It was the second time in a little over a year that an Air India flight on the same route had made an unscheduled landing in Russia. Many carriers, including U.S. and European Union airlines, do not fly over Russian airspace following the war in Ukraine, but Air India does, giving it a flying time and cost advantage on U.S. routes.

Canada largest airline has been ordered to pay a family of five who were separated on what’s being described as a “traumatizing” flight last year.

Stocks that traded heavily or had substantial price changes on Wednesday: ASML, Five Below fall; J&J, V

United Airlines has reported higher profit in the second quarter, thanks to record crowds at U.S. airports

Panasonic Avionics on Wednesday opened a new software design and development facility in Pune. The new facility, inaugurated by the Minister of State for Civil Aviation, Murlidhar Mohol, is the first in the country by Panasonic Avionics Corporation dedicated to supporting the development and delivery of IFEC solutions. The facility employs over 200 skilled engineers in the beginning with growth plans in place to scale it up further to support the increasing demand from airlines for these solutions, the company said.

aerospace major Pratt & Whitney on Wednesday announced the establishment of a new Customer Service Centre (CSS) in Bengaluru. As part of the company's India Capability Centre, the new facility will drive customer service and operations support for Pratt & Whitney Canada's 68,000 engines in service globally, the company said. Co-located with Pratt & Whitney's supply chain operations, engineering, and digital transformation centres of excellence in India, CSS will deliver a range of services such as MRO support, spare part management, engine leasing, engine reliability analysis and contract administration. The facility will employ over 150 aerospace experts and engineers who will support a global customer service ecosystem, it added.

The International Monetary Fund has upgraded its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan

Pan Am, which is well-known for its opulent transatlantic flights, will make a comeback in 2025 with a voyage aboard a private jet. Established in 1927 and shutting down in 1991, the airline offers an opulent 12-day trip from New York in an attempt to bring back the golden age of travel, as per the reports of Yahoo Life. From June 27 to July 9, 2025, tourists will traverse Bermuda, Lisbon, Marseille, London, and Foynes in Ireland throughout their journey. The journey will be hosted by Pan American World Airways CEO Craig Carter and will replicate Pan Am's initial transatlantic itineraries.

Go First airline are set to move towards liquidation of the airline after finding no headway between banks and the two prospective bidders, five months after bids were formally received for the Wadia Group-owned carrier, said people familiar with the matter. Lenders are putting final touches to a voting proposal seeking liquidation of the airline after both the bids — from a consortium of EaseMyTrip CEO Nishant Pitti and SpiceJet chairman Ajay Singh, and from Sharjah-based Sky One Aviation — were below their expectations. The voting proposal may be put up before the committee of creditors this week, the people said. «Some processes like selection of proposed liquidator, calculating the cost of liquidation and funding of liquidation are being done, after which the proposal will be put to vote this week,» said one of the persons, who did not wish to be identified.

Laptop in checked luggage caused smoke, evacuation of plane at SFO, local KTVU Fox 2 reports. Credit: Jan Jankai via Storyful

SpiceJet on Tuesday announced that Ashish Kumar, Head of Finance and Chief Financial Officer, will be leaving the company to explore other opportunities. In place of Kumar, Joyakesh Podder will be taking over as as the Deputy Chief Financial Officer of the company with effect from July 15, 2024. «Podder is a Chartered Accountant with over 30 years of experience in large organizations like PwC, Reliance, Mahindra, Go Air, SpiceJet etc. in aviation, hospitality and telecom sectors,» said the airline through stoch exchanges.

domestic passenger traffic in June at around 13.28 million, more than 6% from a year earlier, and nearly 10% above pre-covid levels; however, airline capacity deployment in June was up by just 7% on year and lower by 3% over May. Separately, one of the terminals of Delhi's international airport, the country’s largest and busiest, remains out of service.

Air India Express on Monday said it has launched common platform 'Xpress Holidays' in collaboration with online travel firm MakeMytrip for travellers to book flights, accommodation and transport. The partnership with MakeMyTrip enables a variety of attractive packages to cater to different travel preferences, Air India Express said in a statement. The service offers exclusive deals, through the airline's website, the airline said, adding that the extended offerings of the platform include access to end-to-end holiday packages, including cab pick-ups, sightseeing tours and experiences. «We are extending the services on our website and mobile app to be a one-stop solution for all travel needs. With the launch of the all-encompassing 'Xpress Holidays', powered by MakeMyTrip, we are also enabling exclusive curated offers on flights and accommodations across India and our key international destinations, including airport transfers and guided tours,» said Ankur Garg, Chief Commercial Officer at Air India Express.

airline has noticed this as a problem over the past few weeks and has started working on technological solutions to provide more informative and precise responses, to queries and complaints by travelllers, which would aim to address their concerns and anxiety about a delay, cancellation, or any other grievance. “In our evolution of implementing skai (AI chatbot) into various use cases, this is a use case we have just kind of started looking at, and over the next year we will make an attempt to help the humans responding on social media, get them augmented with artificial intelligence.

Tata Group is in favour of continuity at the top management level of Air India (AI) after its merger with Vistara. All the top executives of Air India are likely to hold their positions after the merger, people aware of the matter said. While Campbell Wilson will remain its chief executive, Nipun Aggarwal and Sanjay Sharma are set to retain their roles as chief commercial and transformation officer and chief financial officer, respectively. Vistara CEO Vinod Kannan is likely to return to his parent company, Singapore Airlines (SIA), people aware of the development said. Kannan was on secondment to Vistara since 2019 when he joined the Tata Sons-SIA joint venture as its chief strategy officer. SIA had the right to name the CEO at Vistara, while the Tata Group appointed its finance chief.

Delta Air Lines is changing its employee uniform policy following a passenger’s outrage over two flight attendants photographed wearing Palestinian pins

Stocks that traded heavily or had substantial price changes on Thursday: Costco, Delta Air Lines fall; QuantumScape, MicroStrategy rise

Federal prosecutors and victims’ families are waiting for Boeing to decide whether to accept a plea deal that would settle a criminal fraud charge

An Air Europa flight en route to Uruguay was forced to make an unexpected stop in Brazil after severe turbulence injured more than 30 people on Monday, fracturing the necks and skulls of several passengers.

The European Commission has approved Lufthansa’s takeover of Italian airline ITA with conditions to protect competition

Air India cancelled a scheduled flight from the US to India and used the Boeing 777 plane for running a charter to ferry the Indian cricket team back home from Barbados, prompting the civil aviation regulator to seek a response from the Tata Group-owned airline, according to people with knowledge of the matter. A special Air India flight, chartered by the Board of Control for Cricket in India (BCCI), is carrying the T20 World Cup-winning Indian team and support staff from Barbados in the Caribbean to Delhi. The flight took off from Grantley Adams International airport in Bridgetown on Wednesday and was scheduled to land in New Delhi on Thursday at around 6 AM.