Airlines Financial News

For SpiceJet to stay afloat, some crew will have to deplaneIn December, Engine Lease Finance BV approached the Delhi High Court after settlement talks failed, alleging the airline only made partial payments and violated the terms of the agreement.In October, SpiceJet had agreed to pay the lessor about $2 million and return the leased engines by 25 January. It eventually returned the leased engines in March on the court's orders.SpiceJet has faced several insolvency pleas in the NCLT over pending dues from various parties including Wilmington Trust SP Services (Dublin), Willis Lease Finance, Celestial Aviation, Aircastle, and Alterna Aircraft.

Times of India report.Also Read | IndiGo bomb threat: Viral video shows woman walking on wing as flight attendant rescues passenger“The feature offers visibility of seats booked by female passengers only during web check-in. It is specifically tailored to PNRs with women travellers — solo as well as part of family bookings… (this is) currently in pilot mode aligning with our ‘girl power’ ethos," the airline said in a statement.Also Read | Watch | IndiGo flight to Varanasi evacuated at Delhi Airport following bomb threat; investigation underway.

Jake Paul's boxing rivalry with Mike Tyson has turned ugly as 27-year-old YouTuber-turned-boxer has made shocking remarks 57-year-old legendary pugilist's reported health scare on a flight. While flying from Miami to Los Angeles, Tyson had dizzy and nauseous feelings. However, Paul later tweeted «nothing changed» for the much-talked about July 20 fight, as per a Fox Report.

American Airlines passengers say they were stuck on a hot Boeing jet that was suffering electrical problems in Miami before switching to another plane Thursday. (Credit: Terri and Bobbie Barbour)

A record was broken ahead of the Memorial Day weekend for the number of airline travelers screened at U.S. airports

American Airlines is changing law firms after a controversial filing in a lawsuit brought by the family of a 9-year-old girl who was recorded using an airplane lavatory

environmental impact of data centres, which consume vast amounts of power and water, makes it imperative for companies operating these facilities to prioritise sustainability efforts. Data centres are significant consumers of electricity. According to estimates, they use approximately 2% of the world’s power and emit CO2 that is equivalent to the airline industry’s emissions; the airline industry is a highly carbon-intensive business. Moreover, data centres’ energy use is known to double every four years, resulting in one of the fastest-growing carbon footprints. By adopting sustainable practices and technologies, data storage solution companies can play a significant role in mitigating such impact. To fulfil such goals, storage solutions company Western Digital is looking to tackle power consumption challenges, including cooling — a critical aspect to data centre design — operational cost and hardware reliability.

SpiceJet and its promoter Ajay Singh has refuted the claims made by KAL Airways and Kalanithi Maran regarding seeking damages of Rs.1323 crore. «These assertions are not only legally untenable but also a regurgitation of previously rejected claims by the Arbitral Tribunal and then the Delhi High Court, » the airline said. Sun Group and its chief Kalanithi Maran on Monday said they will seek over Rs 1,323 crore in damages from SpiceJet and its chief Ajay Singh. This will be in addition to challenging the recent Delhi High Court order, which was in the airline's favour.

CNBC-TV18 reported.During the recent earnings conference call, IndiGo's CEO Pieter Elbers revealed the airline's foray into the business class segment. "We will have business class seats deployed on India’s busiest and business routes," CNBC-TV18 quoted an Indigo official.Thus, as per media reports, business class seats will be available on India's most prominent airlines, with 10 to 15 aircraft operating on major domestic metro routes.

ownership battle of SpiceJet, Sun Group and its chief Kalanithi Maran on Monday said they will seek over Rs 1,323 crore in damages from SpiceJet and its chief Ajay Singh. This will be in addition to challenging the recent Delhi High Court order, which was in the airline's favour. The ownership dispute between SpiceJet and Maran dates back to January 2015 when KAL Airways offered a 58.46% stake in SpiceJet to Singh. On May 17, a division bench of the Delhi High Court had set aside its single judge order upholding an arbitral award that mandated SpiceJet and Ajay Singh to refund Rs579 crore with interest to Maran, bringing in relief for the cash-strapped carrier.

Tata Motors, the impact of commodity prices, sourcing, semiconductor costs and navigating the maze of sanctions was a challenge for each, except that one entity clearly benefited and made the most like no other - the airline.Also Read: Air India passenger receives broken seat despite paying extra ₹1,000; airline issues apologyAccording to data shared by Cirium, an aviation analytics company, exclusively for this article, there has been an increase of just four frequencies between India and the United States in May 2024, as compared to February 2020, the last month of operations before the COVID-induced lockdown. However, a granular look at the data shows that the American carriers have reduced frequency by 21 weekly flights while Air India has added new flights.

₹2,381 apiece to the current trading price of ₹4,271, translating into a gain of 79.37%. In the previous trading session, the stock crossed the ₹4,500 mark for the first time to hit a new record high of ₹4,529 apiece.

single bench order to return the assets, noting that the airline owes a significant amount of dues to lessors and was prima facie found to have used the assets inappropriately, especially by utilizing the lessor's engines in other aircraft, which violates regulations. "They (the lessor) are not in the business of charity," the court said.The division bench allowed SpiceJet an extension on the condition that it would withdraw its challenge to the single bench order and proceed to argue in front of the single bench on challenging the maintainability of the lessor's suit.SpiceJet pleaded that these leased engines were in use in operational flights with advanced bookings from passengers.

IndiGo airlines has rescheduled and cancelled some flights due to Cyclone Remal and issued NOTAM in Kolkata. A Notice to Air Missions (NOTAM) is a message sent by the Federal Aviation Administration (FAA) to pilots to alert them of potential hazards that could affect their flight. The storm, expected to bring maximum sustained wind speeds of 110-120 kmph with gusts up to 135 kmph, is likely to make landfall around 11 pm on Sunday near Khepupara in Bangladesh and Sagar Islands in West Bengal. In a statement, the airlines said, «IndiGo has rescheduled and cancelled some flights due to Cyclone REMAL and the NOTAM issued in Kolkata. Passengers have been informed of all changes in advance and being provided real-time updates on social platforms».

UAE are now subject to stricter immigration checks at Dubai and Abu Dhabi airports. Authorities have mandated that visitors carry proof of at least ₹60,000 in their bank account or have a credit card and a return ticket. This measure aims to prevent the misuse of tourist visas. Sources indicate that first-time travellers from Tamil Nadu and Kerala are particularly under scrutiny. These checks have led to delays at Indian airports as airlines now ensure passengers meet these requirements before allowing them to board. The increased vigilance follows incidents where passengers arriving on tourist visas lacked sufficient funds or return tickets, leading to deportations. Airlines are now required to verify that solo travellers, especially women aged 20-35, comply with these rules to avoid having to return deported passengers at their own expense.

Nishant Pitti, founder of travel booking website, EaseMyTrip, has announced to withdraw the company from the bid for the airline company, Go First. Pitti claimed the announcement to be a strategic realignment towards the company’s core area of strength.

Passengers of a San Francisco-bound Air India flight from the city had a tough time on Friday as they had to wait inside the aircraft for more than five hours. The flight was later rescheduled for Saturday. An airline official said the Boeing 777 plane, which was scheduled to take off at 1600 hours, was first delayed due to a technical glitch, then some passengers deboarded and subsequently, another passenger fell ill.

European Union tech regulators to ensure that Google takes their views into account, and not just large intermediaries, when making changes to comply with landmark tech rules.

Singapore International Airlines Flight from London to Singapore, the airline has tightened certain rules dealing with turbulences. The incident which left one British citizen dead and more than 100 passengers injured in different states had prompted a safety review by the airline and other major airlines across the world.

American Airlines is walking back a court filing in which it seemed to blame a 9-year-old girl for not noticing a camera phone when she used an airplane lavatory

Singapore Airlines says it will halt meal services and get all cabin crew to buckle up when planes fly through turbulence as part of tighter cabin measures after one person died and dozens were injured on a flight from London this week