Airlines Financial News

YES Bank, Aster DM Healthcare, ONGC, IndiGo, Bank of Baroda among others will be in focus due to various news developments. YES Bank The Board of YES Bank will meet on June 25 to consider and approve a fundraising proposal through issuance of debt instruments.

Federal officials are investigating an incident in which a piece of engine cover lining fell off a United Airlines plane that was taking off in Connecticut

Federal officials are investigating a Southwest Airlines flight that swooped low enough to trigger a low-altitude alert while it was still nine miles away from the airport in Oklahoma City

black passengers were removed from a flight allegedly for their body odor? Several American Airlines employees have been sent on leave. In a terse note written to its employees, American CEO Robert Isom said that the incident was unacceptable. He said that he was incredibly disappointed by what happened on that flight and the breakdown of the set procedures. He added that the incident contradicted the values of the airlines fell short of commitments and failed customers. What happened?

American Airlines is putting employees on leave after they were involved in an incident in which several Black passengers were removed from a flight earlier this year

IndiGo on Thursday said it has partnered with Garuda Aviation Academy to train fresh pilots as future junior first officers, under the airline's Cadet Pilot Program. The 21-month course includes a three-month ground schooling at Garuda Aviation Academy training centre in Gurugram, followed by 12 months of training at 43 Air School in South Africa, which has a track record of training over 6,000 ab-initio pilots over the years, IndiGo said. Over the last 13 years, the airline said, it has formed eight such partnerships and inducted over 1,000 pilots through these full training programmes, including commercial pilot licence and A320 type rating, the airline said. These courses start right from cadet selection to induction into the airline as a pilot, according to the airline.

Zoomcar Holdings on Thursday said it has partnered with Air India Express to allow customers to book self-drive cars directly from the airport on the airline's mobile app as well as the website in 19 cities. The collaboration also caters to the customer with varying requirements, leveraging the extensive fleet options and ensuring ample space for baggage carried through Air India Express's add-on packs such as carry-on-Xtra, international connecting baggage, and special equipment, Zoomcar said in a statement. This collaboration will offer the customer access to self-driven car rentals in Bengaluru, Bhubaneswar, Chennai, Delhi, Goa, Guwahati, Hyderabad, Indore, Jaipur, Kolkata, Kochi, Lucknow, Mangaluru, Madurai, Mumbai, Pune, Tiruchirappalli, Vijayawada and Visakhapatnam, it said. «We're focused on providing improved and personalised travel experiences for our guests at Zoomcar, and our partnership with Air India Express is another stepping stone towards this goal.

Mint. Madrid-based Amadeus is a technology firm that provides software solutions for the global travel and tourism industry. Currently, the company is engaged in more than 250 artificial intelligence-based experiments and expects a more prominent presence of artificial intelligence-based systems across the travel ecosystem over the next 1-2 years. “We expect more of artificial intelligence usage in areas around servicing, customer support, digital virtual assistant, and Indian airlines are also assessing ways which will help them to push the most relevant information to travellers during their journeys," Ganeshan said.

tax reforms in the first full budget of the newly elected government. These include the conditional waiver of interest or penalty on tax notices issued between 2017 and 2020, barring cases of wilful default. The budget is likely to be announced in July. The GST Council may also discuss crunching timeline for issuing notices, a monetary limit for pursuing disputes at the GST Appellate Tribunal, and a sunset date for anti-profiteering cases to reduce tax litigation and improve ease of doing business.

Families of some of the people who died in two Boeing 737 Max crashes are asking the government to impose a fine of nearly $25 billion on the company

Canadian airline WestJet is starting to cancel some flights as it braces for a possible strike this week by aircraft maintenance technicians

SpiceJet on Wednesday said the air conditioning in its Delhi to Darbhanga flight «experienced slight inefficiency» during boarding at Delhi Airport even as media reports suggested that passengers had to wait inside the aircraft for an hour without air-conditioning. The air-conditioning, however, kept working normally throughout the journey and the flight also departed on time, SpiceJet said. «SpiceJet flight SG 476 from Delhi to Darbhanga on June 19, scheduled to depart at 11 am, departed on time without any delays. During the boarding in Delhi, the air conditioning initially experienced slight inefficiency due to extreme weather conditions and both doors of the aircraft being open, as boarding was not via the aerobridge,» the Gurugram-based domestic carrier said in a statement. The airline's statement came amid media reports that passengers of SpiceJet's Darbhanga flight from Delhi had to wait inside the aircraft without air-conditioning for an hour.

IndiGo on Wednesday announced that all international flights operating from Chaudhary Charan Singh International Airport in Lucknow will arrive and depart from the newly built terminal 3, starting today. The low-cost carrier has taken «proactive measures to ensure that passengers are well-informed about this change.» The airline is reaching out to all passengers and their respective travel agents through SMS, calls, and emails, it said in a press release. To avoid any inconvenience, IndiGo has advised passengers to retrieve their PNR on the airline's website or mobile app to check their terminal before heading to the airport.

Benchmark NSE Nifty closed 41.91 points up at 23516.0 amid selling in frontline bluechip counters.

Delhi to Bagdogra was delayed due to high ground temperatures, which affected flight operations at Indira Gandhi International Airport in Delhi. This has resulted in delays as safety guidelines are followed, sometimes requiring flights to wait for wind speeds to stabilize. A senior official from the Ministry of Civil Aviation told ANI that that high temperatures cause the air to become thin, impacting the lift required for aircraft to take off, especially during takeoff and initial climb. This can also cause mid-air turbulence for passengers. In extreme weather conditions like high temperatures and high winds, aircraft only proceed after getting clearance from Air Traffic Control (ATC). To mitigate the effects of high temperatures, airlines may adjust operations by reducing fuel or baggage, and in some cases, even offloading passengers.

Farming and biofuels organizations are hopeful that ethanol could be used to power passenger jets, but making that dream a reality hasn’t been easy

WestJet mechanics say they are poised to walk off the job early as Thursday night after serving the airline with a 72-hour strike notice yesterday.

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Boeing Chief Executive David Calhoun faces a congressional grilling Tuesday that will include surprise allegations from another whistleblower over quality issues. Calhoun will appear before a Senate subcommittee that is probing problems at Boeing, from glitches in its production process in the wake of a Jan. 5 blowout to claims of retaliation against employees who raise red flags.

Boeing's CEO is getting his day in front of Congress, and lawmakers are expected to have many questions about safety at the troubled aircraft company

Boeing 737 Max jetliners plan to be in the room, watching him. CEO David Calhoun is scheduled to appear before the Senate investigations subcommittee, which is chaired by Sen. Richard Blumenthal, D-Conn., a Boeing critic. The hearing will mark the first appearance before Congress by Calhoun — or any other high-ranking Boeing official — since a panel blew out of a 737 Max during an Alaska Airlines flight in January. No one was seriously injured in the incident, but it raised fresh concerns about the company's best-selling commercial aircraft.