Airlines Financial News

SpiceJet is looking to raise Rs 2,000 crore by August, and plans to expand capacity by leasing aircraft, said Ajay Singh, chairman. The budget carrier had earlier raised `1,060 crore as part of a total fundraising plan of Rs 2,250 crore. However, it could not complete the fundraising plan as Mumbai-based businessman Harihara Mahapatra and his wife, Preeti Mahapatra, who were to invest Rs 1,100 crore, along with 63 other investors, pulled out.

CAPA India estimated losses for the year ending March 2025 at between $400 million to $600 million. The industry reported a loss of $300 million - $400 million the previous year, helped by market leader IndiGo's record profit.Overall airline costs are expected to rise 3.8% in the fiscal year 2025, the consultancy added.

WestJet is introducing a new way to fly — called UltraBasic.As of Tuesday, the Basic fare is being replaced by UltraBasic across domestic and transborder routes.It consists of a number of restrictions, including no carry-on bags unless the passenger is travelling on a transatlantic or transpacific flight, or if the passenger purchases Extended Comfort for all flights in a single direction, including connections.WestJet says personal items that fit under the seat in front are allowed and checking a bag is allowed for an additional fee.

United Airlines expects to hire nearly 10,000 workers this year as U.S. air travel continues to grow

India doesn’t address concern over taxation, the chief of IATA warned on Tuesday.

The cost of your next flight is likely to go up.

airlines can offer in one of the world’s biggest markets for outbound travel, Emirates president Tim Clark said.

Relatives of passengers who died in two Boeing Max crashes are pushing federal officials to prosecute the company, but they're not getting any promises from the Justice Department

Miami-based private investment firm 777 Partners has failed to conclude a deal for the purchase of Everton

Federal officials are looking into yet another close call between planes, this one at Reagan National Airport near Washington, D

The cost of your next flight is likely to go up

Mint on the sidelines of the annual general meeting of the International Air Transport Association, a global airline body. On receiving the nod from NCLT, the airline hopes to take another 4-5 months to merge the air operator certificate of AIX Connect with Air India Express. The Tatas acquired both Air India and its subsidiary Air India Express in January 2022.

Since the number of air travelers has grown by leaps and bounds over the last few years, airlines, banks and credit card companies have been busy planning and executing products to gain customers in this space. Banks and credit card issuing companies could be seen competing with each other by launching innovative features on existing credit cards for flyers and offering exclusive credit cards. Among many other features, one of the most demanding and sought-after is complimentary lounge access for air travelers, as it enhances their travel experience and makes it comfortable and hassle-free.

Airlines may not be replacing pilots with artificial intelligence anytime soon, but aviation industry experts say the new technology is already revolutionising the way they do business.

Emirates urged Boeing to pick an engineering and business heavyweight to lead a deep overhaul of the U.S. aerospace giant and said the task of ending the planemaker's recent confidence crisis «must get done».

Mint. The widespread Indian diaspora across the US, Europe, Africa, and South America also aids the demand momentum, he added.Since 2023, Indian airlines have placed a cumulative order of 100 wide-body aircraft with a 70 wide-body aircraft order placed by Air India in February 2023 and another 30 by IndiGo last month.“I would say it is a good thing happening in this sort of domain and good for the industry and consumers.

Air India flight from the national capital to Vancouver was delayed for over nine hours due to a technical issue on Sunday. The flight AI 185, which was to take off at around 0530 hours, departed at about 1450 hours, according to data from flight tracking websites.

turbulence on flights: eyes squeezed shut, hands clamped to the armrests for dear life, bracing for the roller coaster to come.

PTI, the passengers will also have the option to credit the amount instead of using it for travel.Air India Executive Vice President and Chief Operating Officer Klaus Goersch wrote a letter to the passengers over the inordinate delay and the inconvenience caused to them.Also Read: Air India passengers faint on San Francisco-bound flight amid 8-hour delay; no AC, say fliersThe San Francisco flight from Delhi got delayed by 30 hours, before it took-off on Friday and landed in San Francisco on Saturday, after the flight duration of around 16 hours.The apology and travel voucher gesture comes after the Directorate General of Civil Aviation (DGCA) on Friday issued a show-cause notice to airlines for inordinate flight delays and failure to take care of passengers."Please allow me to sincerely apologise, on behalf of Air India, for the extended delay in bringing you to San Francisco, which was caused by several technical delays and other operational constraints," reported PTI quoting Klaus Goersch.Also Read: Air India gets DGCA's show-cause notice over two international flight delays and 'failure to take care of passengers'"We are very sorry for this lapse in our service and the inconvenience caused to you," Goersch said in May 31 letter.The letter said that as a gesture of apology, Air India has offered a "travel voucher worth USD 350" for future travel with the airline.The regulator has asked Air India why enforcement action shall not be initiated against the airline as flight Al-179 dated 24 May and flight Al- 183 dated 30 May were inordinately delayed.Milestone Alert! Livemint tops charts as the fastest growing news website in the world

PTI quoting a source.Also Read: Delhi-Srinagar Vistara flight carrying 178 passengers receives bomb threatThe flight, however, landed safely at 10:19 am. Following that, security agencies started conducting a thorough check"A security concern has been noted by our staff while onboard the airline's flight UK 024 operating from Paris to Mumbai on 2 June 2024," said Vistara in a statement.A Vistara spokesperson said that following the protocol, the airline immediately informed the relevant authorities.Also Read: Hyderabad's Praja Bhavan receives bomb threat, disposal squad rushed to spotIt also said that the flight had landed at the Chhatrapati Shivaji Maharaj International Airport, Mumbai and the airline is fully cooperating with the security agencies for all the mandatory checks.On Friday, operations at Srinagar airport were affected for an hour after Vistara flight from Delhi received a bomb threat.

Reuters.The deadline for prosecuting most federal crimes is five years.The Justice Department found in mid-May that Boeing violated a 2021 deferred prosecution agreement (DPA) that had shielded the company from a criminal charge arising from the fatal crashes.Also Read: 'I don't sit by the door': US President Joe Biden cracks joke about Boeing mishapsOfficials agreed to ask a judge to dismiss the charge of conspiring to defraud the U.S. Federal Aviation Administration (FAA) as long as Boeing abided by the terms of the agreement over a three-year period ending Jan.