Airlines Financial News

11.06 / 04:09

markets Citi Aviat Airlines Enterprise social reports stake Indigo Airlines share price down over 2% as Interglobe Enterprises plans to offload stake worth $394 million

₹4445.00 on June 11, at 9:25 am, on BSE. The company enjoys a market capitalisation of ₹1,76,105.16 crore as BSE.The sale's floor price is set at ₹4,266 per share, a 6.5 per cent discount from Interglobe Aviation's closing price of ₹4,562.55 on June 10.

11.06 / 03:09

Extreme Airlines Sustainability Death Myanmar hospital Updates Singapore Airlines offers compensation to passengers on severely turbulent flight

Singapore Airlines has sent offers of compensation to passengers on board a flight last month that encountered severe turbulence that led to dozens of injuries and one death, the carrier said on Tuesday.

10.06 / 10:45

markets UPS Aviat Airlines Strategy International Modi 3.0 may increase quota for foreign flights

Air India chief executive officer and managing director Campbell Wilsonsaid at the CAPA India aviation summit. Sensing an opportunity, several foreign airlines have firmed up plans to approach the government with their requests. “Today we have not exhausted the bilaterals, in terms of number of seats per week but we have hit the limit in terms of number of stations," Sanjiv Kapoor, executive vice-president, strategies of the Saudia Group told Mint.

10.06 / 08:01

COST UPS Aviat Manufacturing Airlines Crude-sensitive stocks including Asian paints, Astral, MRF surged up to 7% in 2 weeks amid sharp drop in oil prices

Also Read: Oil posts third weekly loss on delayed US Fed cuts; Brent at $79: Buy or sell?Stocks from these sectors have rallied in anticipation that the drop in crude prices will reduce the companies' operating expenses, leading to improved net profits. Investors are optimistic that lower costs for raw materials will enhance profitability, making these sectors more attractive in the market.Tyre Sector: Crude oil derivatives such as carbon black, synthetic rubber, and nylon tyre cord fabric make up nearly half the cost of producing a tyre.

10.06 / 03:11

Provident Manufacturing CEO Airlines security International Stocks to watch: Dr Reddy's, Mphasis, IDBI Bank, Wardwizard, Dalmia Bharat

Dr Reddy’s Laboratories: The pharmaceutical company has reported that the US FDA issued a Form 483 with four observations at its API manufacturing facility (CTO-6) in Srikakulam, Andhra Pradesh on June 7. The company has stated that it will address these issues within the stipulated timeline.Mphasis: BCP Topco IX Pte, a Singapore-based private limited company linked to Blackstone, is set to sell a 10.6% stake in Mphasis at a base price of ₹2,350 per share.

09.06 / 21:51

markets Aviat Airlines President country travelers rights India's aviation mkt growth needs to be matched with capacity; open for partnerships: Emirates CCO

aviation market's pace of growth needs to be matched with capacity, and increased competition will provide more choices for consumers, Emirates Airline Deputy President and Chief Commercial Officer Adnan Kazim has said, as he pitched for increased bilateral flying rights between Dubai and India. On whether Emirates is looking for partners in India, Kazim said it is open to any such future engagements if there is an appetite in an Indian airline for that sort of dialogue and engagement.

09.06 / 10:37

UPS Aviat Action Airlines social Traffic Videos Two planes land, take off in less than a minute on same runway at Mumbai airport; DGCA takes action

IndiGo plane was seen landing and an Air India aircraft taking off from the same runway in less than a minute at the Mumbai airport is now under the lens of India's aviation watchdog.

09.06 / 09:57

Aviat Manufacturing Airlines Boeing travelers Podcasts Investigations Flight stories: Discover these 6 podcasts about the fascinating world of air travel

aircraft manufacturer, has faced a cascading quality crisis since 2018, which escalated this year after a door panel blew off one of the company's planes mid-flight, prompting multiple FAA investigations and a criminal inquiry from the Justice Department. And it's not just Boeing — a New York Times investigation last summer found that understaffing and overscheduling led to an alarming number of unreported near misses on American runways.

09.06 / 09:56

markets UPS Airlines Boeing wellness Updates Air India utilising group airlines' engineering skills for improved aircraft maintenance works

Air India is utilising the engineering skills available with group airlines to carry out more maintenance work of the aircraft under its own quality control amid multiple instances of its legacy planes facing operational issues, according to a senior company official. The official also said the airline is keen to lease aircraft but the market is very tight, especially for wide-body planes.

09.06 / 09:28

markets Provident Aviat CEO Airlines stars rights ‘All about more choices, India’s aviation market huge’: Star Alliance CEO on Air India-Lufthansa partnership in expanding aviation market

India is a major aviation market, and a stronger partnership between Air India and Lufthansa is beneficial, Star Alliance CEO Theo Panagiotoulias said. According to him, the association aims to unite its partners to provide unique value to passengers. Both Air India and Lufthansa are members of the Star Alliance, which includes 26 member airlines collaborating at over 50 global hubs to offer seamless connections worldwide. “We need to ensure that the right value proposition is there in India, which is a significant market,” Panagiotoulias added.

07.06 / 20:33

UPS Airlines Election wellness travelers International Destinations Smooth flying: India plans to simplify immigration checks for international trips

immigration rules as well as increase the number of officials at major airports to speed up the process of entering or leaving the country, said people with knowledge of the matter.

07.06 / 19:39

Airlines Election track country Traffic International Delhi Airport plans to raise capacity by 30% in 3 years

Indian airlines have placed orders for a record number of aircraft. At 73.7 million, the country's busiest airport handled 20% of India's total passengers in FY24.

07.06 / 18:39

Provident Airlines Election Bill track information Dispute with Raymach Tech settled: SpiceJet to NCLT

SpiceJet Ltd Friday informed the National Company Law Tribunal (NCLT) it has settled a dispute with Raymach Technologies over ₹2.7 crore worth of unpaid dues.

07.06 / 18:11

Citizens Airlines Boeing Election Experts show Videos Why did Air Canada Boeing emit flames immediately after take-off from Toronto? Watch video

Air Canada Boeing carrying 400 passengers suddenly started emitting flames immediately after take-off from Toronto on Wednesday. It was en route to Paris. A video showing the terror was uploaded on social media, reports 'New York Post'. Confirming the incident, Air Canada said in a statement that the plane developed an unspecified “engine issue”. However, it turned around quickly and made an emergency landing back at the Toronto airport, fire crews attended the plane. Air Canada claims that no one has been injured.

07.06 / 11:41

Aviat Action Airlines Boeing track Traffic Investigations NTSB says an air traffic controller's faulty assumption led to a close call between planes in Texas

Federal investigators say an air traffic’s controller’s faulty assumption nearly caused a runway collision at a Texas airport last year

07.06 / 05:55

Citi Airlines Boeing Election track Features International Air India announces launch of non-stop services between Bengaluru and London Gatwick from August

Bengaluru becoming the fifth Indian city to be connected to the UK's second-largest airport, Air India has announced that it will start non-stop services between Bengaluru's Kempegowda International Airport and London Gatwick (LGW), starting August 18 this year.

07.06 / 03:31

UPS Aviat CEO Airlines security Department Air India-Vistara merger: NCLT approves move, paves way for world's largest airline groups from Tata

Air India and Vistara, forming one of the largest airline groups globally, according to a PTI report.Following the merger announced in November 2022, Singapore Airlines will hold a 25.1 percent stake in Air India. Vistara is a joint venture between Singapore Airlines and Tata Group.Also Read | Air India to operate as merged entity from 2025, no Vistara brand by year-endThe Chandigarh bench of the NCLT issued a 31-page order approving the "composite scheme of arrangement" involving Talace, Air India, and Vistara — all part of the Tata Group.

06.06 / 18:59

MET Airlines Boeing show reports Department Air Canada flight from Toronto to Paris faces engine issue shortly after takeoff

Air Canada says one of its flights from Toronto to Paris on Wednesday evening developed an engine issue shortly after take-off and had to land back at Pearson airport.

06.06 / 08:31

COST Provident Airlines wellness travelers International What's on the horizon for IndiGo after its best year yet?

swung to profit after incurring losses for four consecutive years. Net profit of over ₹8,000 crore was its best yet. FY25 could be better than last year with the management expecting an early double-digit capacity growth, provided prices of fuel, which form a large chunk of operating costs of airlines, remain stable.

06.06 / 02:11

markets Airlines hospital reports travelers International Destinations Mint Explainer: How India is leading a shakeup of the global travel industry

Spurned by Schengen, Indians are being swayed this summer by the lure of liberal visas However, interest in travel is flourishing in other regions, leading to a shift in the balance of outbound travel, according to a report by McKinsey & Co titled 'The state of tourism and hospitality 2024'. The report said new groups of travellers are emerging in Eastern Europe, India and Southeast Asia, which have fast-growing pools of first-time tourists. Notably, around 27 million Indians travelled abroad in 2019, before the pandemic.

05.06 / 21:37

Provident Manufacturing Fighting Airlines Entertainment cover travelers Business class flight experience getting more exciting with 45-inch TV screens

airline manufacturer has got you covered in both aspects, giving you a movie theatre feel on one hand while giving you the luxury and comfort of a business seat on the other.

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