Airlines Financial News

Officials say an Air Canada Boeing 737 flight headed from Mexico City to Vancouver, Canada, had an in-flight emergency and made an unscheduled landing at Boise, Idaho, airport

A Senate subcommittee has opened an investigation into the safety of Boeing jetliners, intensifying concerns about the airworthiness of the company’s aircraft

₹341.75 apiece on Wednesday following the company's announcement of signing a significant multi-million-dollar deal with Korean Air, the largest airline in Korea. The deal entails providing technological support for Korean Air's new engine maintenance complex.

James Randolph is a pretty chill flier. Unless you ask him to switch seats. “99% of the time I’m going to say no,’’ the 35-year-old digital marketing director from Florida says.

Air India Ltd. is mounting with aircraft technicians planning a strike later this month after its pilots voiced concerns last week about being overworked and underpaid. Technicians at AI Engineering Services Ltd. — a state-run maintenance, repair and overhaul firm and an erstwhile Air India unit — will strike on April 23 due to various issues affecting their “well-being” and “professional growth,” All India Aircraft Maintenance Engineering Union wrote in a letter dated April 8 to the chief executive officer. A representative for Air India said the situation is being monitored closely.

Mint’s query regarding this board meeting. Cut to 2024. There is a sea-change in how employee concerns are now being handled, several people Mint spoke to alleged.

Sirius India Airlines will start chartered services and has partnered with Dubai-based Transworld Group's Airavat Aviation. The company is co-promoted by airline industry veteran Arun Kashyap, who recently quit SpiceJet. According to a release on Tuesday, Sirius India Airlines aims to expand its fleet by adding nearly a dozen top-of-the-line 9-seater to 100-seater charter aircraft by the end of this financial year. «Sirius India Airlines, in collaboration with Airavat Aviation, will initially operate flights through a Hawker 4000 aircraft, while it plans on expanding its fleet size to three aircraft in coming months.

Stocks that traded heavily or had substantial price changes on Monday: Taiwan Semi, Spirit Airlines rise; Paramount Global, Occidental Petroleum fall

The Federal Aviation Administration says a Southwest Airlines jet leaving Denver was forced to land after the engine cover fell off and struck the wing flap during takeoff

Boeing CEO David Calhoun is getting compensation valued at $33 million for last year, nearly all of it in stock awards

engine cover on a Southwest Airlines Boeing 737-800 fell off on Sunday during takeoff in Denver and struck the wing flap, prompting the U.S. FAA to open an investigation. No one was injured and Southwest Flight 3695 returned safely to Denver International Airport around 8:15 a.m. local time on Sunday and was towed to the gate after losing the engine cowling.

Boeing 737-800 returned to Denver International Airport on Sunday morning after the engine cowling fell off and struck the wing flap during takeoff, the Federal Aviation Administration said. The airlines, in an official statement, informed that the Boeing 737 landed safely at Denver International Airport and the passengers headed to Houston's William P. Hobby Airport were being shifted to another jet.

«We are carefully scaling back our operations by around 25-30 flights per day, i.e. roughly 10% of the capacity we were operating. This will take us back to the same level of flight operations as at the end of February 2024,» Vistara said in a statement Sunday. The airline had got approval from the Directorate General of Civil Aviation (DGCA) to operate 22% more flights per week this summer as compared to winter.

₹1,000 for this particular window seat. Following the tweet gaining traction, Air India issued an apology for the inconvenience caused to the passenger. "Paid extra 1k for a broken window seat (22A) on Air India AI512 from DEL to BLR on April 4.

Vistara chief Vinod Kannan said the airline will look to review the current rostering system after discussions with pilots and emphasised that there has been no unusual spike in attrition. The Tata Group airline, which is in the process of getting merged with Air India, has temporarily reduced flight operations to ensure the availability of adequate pilot buffer and expects the situation to normalise by May. A stretched roster on account of the high utilisation of pilots is the key reason for the recent disruptions, according to the airline while there are also concerns among a section of pilots about the new contract that will also result in pay revision. In an interview with PTI on Friday, Kannan said that during a town hall with pilots, some concerns were raised around rostering, and pilots were told that the airline would look at how the rostering process can be reviewed.

Mint’s Plain Facts section brings out an update on key global economic data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This time, we explain why the Bank of Japan has ended a long era of negative interest rates and what is causing financial stress to citizens of several countries.

Virgin Atlantic jet collided with a stationary British Airways airliner while being towed from a stand at London's Heathrow Airport on Saturday, the airlines said. Heathrow, Britain's busiest airport, said no passenger injuries had been reported and it did not anticipate any ongoing impact to the airport's operations.

Vistara pilots is on hold after the civil aviation regulator asked the airline to explain alleged violation of rules. The pilots were slated to operate Boeing 787 aircraft, which the airline uses on European routes. People familiar with the matter said the pilots, earlier operating the Airbus A320 aircraft, were doing their conversion training for the Boeing 787 planes.

Vistara citied "various operational reasons" and "high utilisation of resources" as a cause of the cancellations and delays. In a statement, Vinod Kannan said the situation has already improved with its on-time performance improving for the last three days. "We hope to stabilise our operations for the rest of April 2024 by this weekend." Referring to the new contract for pilots, the CEO of the airline with 1,000 pilots, said “over 98 per cent of pilots have signed the new contract", however some pilots have some concerns and queries regarding the contract.

Vistara CEO Vinod Kannan on Saturday said the airline hopes to stabilise operations for this month by this weekend and that more than 98 per cent of pilots have signed the new contract. The full service carrier faced significant disruption in operation earlier this week due to the non-availability of crew and many flights were cancelled. In a statement, Kannan said the situation has already improved with its on-time performance improving for the last three days. «We hope to stabilise our operations for the rest of April 2024 by this weekend,» he said.

New York earthquake: After the strongest earthquake in 140 years rattled New York on Friday, the Federal Aviation Administration (FAA) said the 4.8 magnitude earthquake may impact air traffic in several areas. The aviation agency also put a pause on flights for the city till noon, while warning passengers of 30-40 minutes delay in New York flights. "A 4.8 magnitude earthquake in New Jersey may impact some air traffic facilities in New York, New Jersey, Philadelphia and Baltimore.