Airlines Financial News

Air India announced on Friday that it will restart flight operations between Delhi and Tel Aviv on May 16. Due to tensions in the Middle East, the airline temporarily halted flights to and from Tel Aviv. In a post on X, Air India said it will resume «services between Delhi and Tel Aviv with five weekly flights from 16 May, 2024'.

Boeing has more parts trouble, but this time it doesn’t stem from manufacturing snafus or the 737 jet. The blame goes to Russia sanctions still rippling through the jet maker’s supply chain. In the opening days of Russia’s invasion of Ukraine, a maker of a temperature-regulating part for Boeing’s 787 Dreamliner ceased its Russian operations and shifted production west.

The IPO, which closes on May 10, includes fresh equity of Rs 400 crore and an offer for sale (OFS) of up to 1.25 crore shares. Under the OFS, promoters Gaurav Bhatnagar, Manish Dhingra, LAP Travel and other selling shareholders TBO Korea, Augusta TBO will offload the shares.

Pakistan will push back the deadline for companies to express interest in buying national carrier Pakistan International Airlines to May 18, the country's privatisation minister said on Thursday. The extension, announced in a statement by Minister for Investment and Privatisation Abdul Aleem Khan, came a day before the expressions of interest had originally been due. He said 10 companies had already expressed an interest.

Consumer groups are pushing Congress to uphold automatic refunds for airline passengers whose flights are canceled or delayed for several hours

ALSO READ: UP man posing as Singapore Airlines pilot arrested from Delhi airport: 'Forged ID, bought uniform from Dwarka' Taking to X, Saurabh Bharadwaj wrote, “Alert - Someone has made a fake Facebook Account in my name and is trying to borrow money via PayTM or GooglePay. Please don’t transfer any money.

Air Canada lost $81 million in its first quarter, falling below analysts’ expectations even as revenue and capacity ramped up.

Mint has reviewed a copy of the mail. As per the airline's latest annual report for 2022-2023, the total staff strength of IndiGo was 32,407 employees. "We started our path to recovery in the second half of the year 2022 and since then we demonstrated solid and strong performance," the airline said in the mail, adding that it became a net worth positive company with its October-December 2023 results and the recent wide-body aircraft order is further support for a robust future.

Khaleej Times, an orange alert was issued on Thursday as heavy rains and thunderstorms lashed the desert city. The National Centre of Meteorology has said that the weather scenario was not anticipated to be as severe as what the city encountered on April 16. Also Read: 'Work from home, distance learning' in Dubai due to heavy rainfall warning.

Air India has launched flights on the Delhi-Dubai route with its new Airbus A350-900 aircraft according to a statement by Air India. The launch of flight on this route marks the international debut of Air India's recently acquired aircrafts, making it the sole carrier to operate the A350 between India and Dubai. The commencement of flights was celebrated with pre-departure ceremonies at both Delhi and Dubai airports, where guests were presented with A350 memorabilia.

Amidst the weather warnings, Dubai Airport issued advisories, urging travelers to check flight statuses with airlines due to potential delays caused by rescheduled flights. They advised allowing extra travel time and utilizing the Dubai Metro, operational until 5 AM on Friday, for smoother commutes. Emirates Airlines echoed these precautions, cautioning travelers about possible road delays and suggesting proactive measures to mitigate travel disruptions.

Airlines are seeking sustainable sources of fuel. Steel producers are looking to reduce their operating emissions. And sports-apparel makers are aiming to cut the volume of plastic in clothing.

Singapore Airline to pay nearly two lakh rupees to an Indian couple. A police chief from Telangana, Ravi Gupta, along with his wife, sued the airline after he had to manually adjust seats with an automatic recline feature, despite paying 66,750 rupees (about $800) each for a business class seat, according to a New York Post report. Delhi School Bomb Threat live Disappointed with their poor flight experience despite paying a hefty amount for a ticket, Gupta sued the airline for the incident that took place in May last year.

The Biden administration is out with new guidelines for tax credits for producers of sustainable aviation fuel

Mangaluru International Airport has implemented a new policy regarding passenger announcements, shifting away from using the public address (PA) system for such notifications, airport officials said on Tuesday. This change aims to cultivate a quieter environment for travellers, allowing them to utilise their time at the airport for various activities such as reading, conversing with loved ones, or attending to work commitments, they said. According to officials, instead of PA announcements, passengers will now rely on the Flight Information Display System (FIDS) for updates regarding their flights, including gate changes and delays. The FIDS screens are strategically placed both inside and outside the airport terminal, providing real-time information on arrivals and departures. Additionally, prominent display boards within the departure and arrival areas offer timely updates.

Congressional negotiators have agreed to help the Federal Aviation Administration hire more air traffic controllers and safety inspectors

IndiGo makes long-haul foray, orders 30 wide-body aircraft "There is a linear decline in market share of Indian carriers in international markets beyond 5-6 hours. Indian carriers are signifiantly under-represented in wide-body, long-haul market. We should be able to compete with global aviation hubs," Elbers said in a conference call with analysts and journalists.

Air India is likely to extend the suspension of flights to and from Tel Aviv till May 15 amid tensions in the Middle East, airline sources said on Tuesday. On April 19, the airline said Tel Aviv flights will remain suspended till April 30. It operates four weekly flights between the national capital and the Israeli city. The sources said the services will remain suspended, likely till May 15. There was no official statement from Air India on extending the suspension of the Tel Aviv flights.

There aren't many newcomers in the airline business

China Southern Airlines is launching China’s longest commercial flight from the southern city of Shenzhen to Mexico City. This will surpass the airline’s previous longest route from Guangzhou to New York city. While the latter covers a distance of 12871 kms, the former will cover a distance of 14147 kms, one way, as per a report on CNN. This flight from Shenzhen to Mexico city will be a 16 hour long non stop journey and the distance is expected to be covered in 16 hours. The departure from Shenzhen will be on every Tuesday and Saturday. This service will commence from May 11.

Tata Sons is rushing to complete the integration of Air India and Vistara and operate as a single airline by the end of this year, people familiar with the matter said. They added that both the airlines have approached the civil aviation regulator and started working on merging their operations manuals and transfer of flying crew from one airline to the other. The merger is an effort by the salt-to-steel conglomerate to simplify its aviation business. As part of that, while Air India and Vistara will be merged to create a full service airline, AirAsia India and Air India Express have been integrated to create a single low-cost airline.