Airlines Financial News

Bureau of Civil Aviation Security (BCAS) has issued a fresh guideline to airports and airlines for deplaning passengers during tarmac delays. Zulfiquar Hasan, Director General of BCAS, said that they have prepared the guidelines and issued to airport operators and airlines. «In case of delays (no specific time limit of delay) the call will be taken by airport security or airlines to deplane passengers and bring them to boarding area again,» he said.

₹30.5- ₹32.0 across the four metros. The reduction in prices comes ahead of the Lok Sabha elections which are scheduled to start on 19 April. In the national capital, the 19-kg commercial cooking gas cylinder is priced at ₹1,764.50, lower by ₹30.5.

Last fortnight, Boeing’s airline customers sent two clear messages when they asked to meet with the planemaker’s directors without its chief executive officer David Calhoun. The first was that they had lost confidence in Calhoun and his deputies. No matter where you fall on the organization chart, it’s never a good sign when a client wants a tête-à-tête with your boss and doesn’t invite you along.

Bombay High Court (HC) has refused to grant urgent relief to Wadia Group, which sought to restrain Bank of Baroda from invoking a corporate guarantee of ₹500 crore given by one of its group companies at the instance of Go First Airlines. Nowrosjee Wadia & Sons Ltd (NWS) had approached the court to «temporarily injunct and restrain» Bank of Baroda from making the demand. Wadia Group has also sought an injunction against the lender from proceeding in accordance with law pursuant to such invocation, mainly on the grounds that the corporate guarantee had lapsed as the condition of tie-up of ₹2,835 crore was attained by the borrower in January 2020.

Vistara will start two new daily services in Thiruvananthapuram-Bengaluru sector from April 1. IndiGo and Air India Express airlines currently operate eight services daily on this route.

IndiGo has announced new direct flights between Abu Dhabi and north Kerala district Kannur from May 9. Extending its international presence, the airline will operate daily non-stop flights from the coastal city of the southern state to the capital of the United Arab Emirates, the airline said in a release on Friday. Vinay Malhotra, Head of Global Sales, IndiGo said with the addition of these flights, the airline will operate 56 weekly flights to Abu Dhabi from 8 cities in India, promoting travel, trade, and tourism between the two countries. With these new flights to the UAE from Kannur, passengers have more travel options during the upcoming summer vacations, it said.

The Texas attorney general says he's investigating a key Boeing supplier that is already under scrutiny by federal regulators over the quality of its work on Boeing planes

American Airlines is easing a restriction in its pet policy

Alaska Airlines 737 MAX 9 passengers may be 'crime victims': FBI Biden's remarks came during a high-dollar campaign fundraiser at Radio City Music Hall. Boeing is under fire following relentless episodes of callousness pertaining to the safety of the passengers. Earlier this year, a door of a Boeing 737 Max 9 plane operated by Alaska Airlines blew out midair.

President Joe Biden joked about being away from the plane doors manufactured by Boeing, a company recently plagued by mid-flight mishaps, the New York Post reported. «I don't sit by the door,» quipped the 81-year-old president, followed by a quick disclaimer, «I'm only kidding. I shouldn't joke about that.» His remarks came during a high-dollar campaign fundraiser at Radio City Music Hall.

pilots are resenting the Directorate General of Civil Aviation's (DHCA) decision to defer the implementation of the new rules on pilot duty and rest period, pointing to fatigue-induced safety concerns. The Federation of Indian Pilots (FIP), which has more than 5,000 members, has told the aviation regulator this decision endangers and undermines the safety of pilots and passengers. «The latest revision by the DGCA has made the revised regulations a dead letter of the law as it has effectively granted operators discretionary powers in implementing the revised rules,» the FIP wrote in a letter to civil aviation minister Jyotiraditya Scindia. «Health and safety of the pilots cannot be prejudiced for the commercial benefit of the operators,» said the letter dated March 28 and reviewed by ET.

The recent demise of Lynx Air leaves Flair Airlines alone holding the banner for ultra-low-cost carriers in the Canadian airspace.

Akasa Air has commenced its international operations with its inaugural overseas flight departing from Mumbai to Doha, Qatar. In a statement on Thursday, the airline said it has been granted traffic rights for three other international destinations — Kuwait, Jeddah, and Riyadh. Akasa will be rapidly expanding its global footprint in the coming months, the statement said. Further, the airline said with its conveniently timed flight schedule, travellers from other domestic cities such as Ahmedabad, Goa, Varanasi, Lucknow, Bengaluru, Kochi, and Delhi will also have multiple connecting options for travel to and from Doha via Mumbai.

Boeing's troubled commercial airplane unit said the planemaker faces a «pivotal moment» as it works to boost quality and address significant concerns from regulators and airline customers after a panel flew off a 737 MAX 9 jet in January. «This is a pivotal moment for us, and we have serious work ahead to build trust and improve our operations,» said Stephanie Pope, who was named president and CEO of Boeing Commercial Airplanes on Monday, in an email to employees on Wednesday seen by Reuters.

NEW DELHI : Former SpiceJet promoter Kalanithi Maran and KAL Airways moved the Delhi high court seeking fresh contempt proceedings against the low-cost carrier and its chairman, Ajay Singh, due to their failure to adhere to previous court rulings related to the enforcement of an arbitral award. The case pertains to the execution of an arbitral award of ₹579 crore, plus interest, that Maran won in 2018. The court on Thursday issued a notice to SpiceJet in the plea and adjourned hearing in the case to 25 April.

Times of India has stated. As per the report, last week on arrival in India, the pilot had tested positive for consumption of alchol on the breathe analyser.

A Delta flight over the weekend was cut short after a panel behind one of the engines fell off the plane

When investing in stocks, it's crucial to analyze the intrinsic value alongside market trends.

Spicejet Share Price Today: Shares of SpiceJet climbed over seven per cent earlier today after the low-cost budget carrier settled its ₹755-crore deal with Export Development Canada (EDC) to clear major liabilities. The deal will lead to a comprehensive revitalization of its balance sheet, said SpiceJet in its statement. This settlement is being termed as the biggest breakthrough in the airline's financial restructuring efforts till date.

IndiGo is again in the spotlight. A woman, Shrankhla Srivastava, took to social media to voice her disappointment with the airline. Srivastava posted a picture on Saturday showing her damaged luggage after a flight with IndiGo. In a sarcastic tone, she thanked IndiGo Airlines for their supposed care of her luggage in her post, tagging the airline. «Dear @IndiGo6E, Thank you for taking care of my luggage,» she said in her post. Srivastava's post quickly gained traction on social media, eliciting reactions from other internet users. The post has been viewed 3.32 lakh times since being posted on March 23. IndiGo Airlines responded to the situation, issuing an apology and expressing regret for the inconvenience caused. The airline's official Twitter account replied to Srivastava's post, requesting time to investigate the matter and promising to reach out to her directly.

SpiceJet on Tuesday said it has agreed to a pact with Export Development Canada (EDC) to settle liabilities worth Rs 755 crore. The settlement will generate savings to the tune of Rs 567 crore, the airline said in a statement. As part of the agreement, SpiceJet will also acquire ownership of 13 EDC-financed Q400 aircraft. Twelve out of these 13 aircraft were grounded as the airline had failed to pay lease rentals to the lessor. SpiceJet chairman Ajay Singh said the settlement will allow the airline to strengthen its balance sheet. «This settlement not only alleviates SpiceJet of a substantial financial burden but also lays the groundwork for a fortified balance sheet and substantial savings for the airline,» said the airline.