Airlines Financial News

Delhi High Court has rejected a petition against the Competition Commission of India's last year’s order that approved the merger of Tata SIA Airlines, which operates under the brand name Vistara, with Air India. Tata SIA Airlines is a joint venture between Tata Sons and Singapore Airlines. While one Captain Deepak Kumar, a former Air India pilot, had alleged cartelisation and bid rigging in the merger of the two airlines, the antitrust watchdog had in December dismissed his plea, noting the absence of any substantive evidence to back the allegations.

Delhi recorded a minimum temperature of 27.2 degrees Celsius on Tuesday, and the IMD forecasts a generally cloudy sky with light rain for the day.The maximum temperature is likely to be around 33 degrees Celsius, the weather department stated.The Air Quality Index (AQI) recorded was moderate, with a reading of 94 at 1:19 pm, according to the Central Pollution Control Board.Spicejet has issued a warning for the passengers of flight disruptions due the heavy rains in Delhi. The airline company has asked the passengers to check their flight status frequently. Visuals shared by ANI on X show the parts of Central Delhi and the intensity of the rain showers.

American Airlines says a smoking laptop in a passenger’s bag prompted an evacuation on one of its flights headed to Miami from San Francisco International Airport

Briefing occurred Tuesday in Renton, Washington, detailing «defect» from supplier.

Boeing’s 737 Max is a more fuel-efficient version of the American aerospace company’s popular 737, the best-selling airliner ever

A Southwest Airlines jet that was damaged after experiencing an unusual “Dutch roll” during a flight is back in service

Terminal 1 of Delhi Airport is expected to face a delay of more than a month. This comes after heavy rainfall last Friday caused a roof collapse at the old terminal, resulting in one fatality. Delhi Airport had initially planned to begin operations at the new terminal by mid-July. However, sources told ET that permission will now be granted only after a comprehensive examination of the structure is completed, likely taking over a month. An official, who requested anonymity, stated, «In the meantime, all flights have been accommodated at terminals 2 and 3.»

Delhi High Court on Tuesday issued contempt notice to Spicejet, its directors and officers as to why contempt proceedings should not be initiated against them for non-compliance of its May 27 order that had asked the low-cost airline to hand over two Boeing aircraft and three aircraft engines to its lessor TWC Aviation Capital. However, the division Bench of the HC on Tuesday said that contempt proceedings will be dropped if Spicejet complied with its directions within a with by July 8. The division bench of the Delhi High Court on May 27 had asked SpiceJet Ltd to hand over two Boeing aircraft and three aircraft engines along with technical records to its lessor TWC Aviation Capital on or before June 17 for failing to pay dues of $14 million, as ruled by a UK court.

Boeing has agreed to plead guilty to fraud to settle charges stemming from the crashes of two of its 737 Max jets

A long Fourth of July holiday weekend in the United States is expected to create new travel records

A Boeing jet operated by United Airlines lost a landing gear wheel during take-off from Los Angeles on Monday morning — the second reported wheel loss incident for the airline this year.

One 97 Communication also known as Paytm, founder Vijay Shekhar Sharma expects the focus to be on digitisation and start-ups getting support from the upcoming Union Budget 2024, the founder told ANI during an event on Saturday, July 6th.“I want the government to support them (small businesses), give them some incentives or in a way bring some advantages for them, digitisation should get support in the budget, start-ups should get support," said Sharma when asked about his expectations.The fin-tech founder also highlighted his expectations from the Government of India to focus on enhancing the Open Network for Digital Commerce (ONDC) platform and amending the overall e-commerce policy in the country, as the initiative aims to become the platform for small traders in India.“My expectation from the Government of India is to promote ONDC further because ONDC is in a way becoming an e-commerce platform for the small traders of our country, so we should talk about the creation and amendment of the overall e-commerce policy and about the enhancement of platforms like ONDC which have been created by the Government of India," he said.Vijay Shekhar Sharma focused on the infrastructural developments done by the Bhartiya Janata Party (BJP) government since 2014, The last decade has led to increasing connectivity of roads and airline infrastructure, and the focus has shifted to the Tier 2 and Tier 3 cities for upcoming businesses and developments, he said.“I believe this is a very important year for our dream of building a $5 trillion developed India because now we are seeing the pendulum swing in one direction," said Sharma.The fin-tech startup founder when asked about the high attrition rate in Paytm said, “All is well and all is

Delta Air Lines says its second-quarter profit is down 29% from a year earlier, and it's giving a disappointing outlook for the third quarter

Southwest Airlines has adopted a ‘poison pill’ following activist investor Elliott Investment Management taking a significant stake in the company

The Fourth of July holiday, also known as Independence Day, celebrates the Second Continental Congress’ unanimous adoption of the Declaration of Independence on July 4, 1776, a document announcing the colonies’ separation from Great Britain

air turbulence, more than 30 people have been injured after their flight which was flying over the Atlantic, got caught in an air turbulence. The flight is operated by Air Europa and it was flying from Spain to Uruguay. The injured are being treated in a hospital. Many of the passengers took to social media to share videos of the incident. It has been reported that the turbulence sent many passengers flying out of their seats while one passenger was seen struck on an overhead bin. The man’s feet were seen dangling out of the overhead bin.

Air travel is getting more miserable

The Justice Department says Boeing has agreed to plead guilty to a criminal fraud charge stemming from two deadly crashes of 737 Max jetliners

Agents for the U.S. Transportation Security Administration on Sunday screened 3 million airline passengers in a single day for the first time ever

travel industry to digitally transform its expanding air cargo operations. According to an IBS Software statement here on Tuesday, Air India has chosen IBS Software's iCargo solution to support its growth plan and commitment to the airline's ongoing digital transformation. «IBS Software's fully integrated iCargo solution will enable Air India to digitise end-to-end cargo management, allowing seamless integration of numerous cargo operations, from sales to billing within a single, integrated platform. This will empower Air India to streamline processes and enhance decision-making capabilities,» it said. This partnership comes at a time when Air India has embarked on a significant digital transformation of its core businesses across passenger services, fleet, and cargo operations.

A Delta flight from Detroit to Amsterdam was diverted to New York’s Kennedy Airport after passengers were served spoiled food