Airlines Financial News

BENGALURU (Reuters) -Indian budget carrier SpiceJet said on Tuesday it agreed with Export Development Canada (EDC) to settle liabilities worth around $91 million, allowing it to take ownership of 13 of 15 Bombardier (OTC:BDRBF) Q400 aircraft financed by the Canadian trade finance agency.

₹30 lakh in total relationship value or ₹10 lakh as average quarterly balance in their accounts. But to treat the Burgundy clients at par with non-Burgundy ones and to remove a lot of the benefits within three to four months is absurd," said Tejas Ghongadi, co-founder, The Points Code, a platform that advises credit card users on how to optimize reward points. Starting 20 April, Magnus Burgundy users will no longer get ‘buy-one-get-one tickets’ on bookmyshow—a movie ticket booking app, while concierge services are discontinued and spend categories of insurance, fuel and gold will neither earn rewards nor be counted for the annual spending threshold.

Rategain Travel Technologies jumped by another 3% in today's intraday trade, reaching ₹788 apiece. Today's rise in the shares follows the company's announcement of a strategic collaboration between its AI-powered airline pricing solution, AirGain, and Summerwind GSA, a distinguished General Sales Agent (GSA) known for its innovative approach to airline representation.

By Allison Lampert and Tim Hepher

choose a new CEO from outside its ranks as it navigates operational and legal challenges under 66-year-old Dave Calhoun, as per a Reuters report. Calhoun is set to step down by 2024-end to make way for a new CEO.

₹3,355.50 apiece on the BSE. UBS maintained its positive stance on IndiGo considering the strong growth prospects of the Indian aviation industry, share gains in international travel, efficient cost structure and operational excellence. It maintained a Buy rating on IndiGo shares and raised the 12-month target price to ₹4,000 per share from ₹3,900 earlier, implying an upside of more than 21% from Friday’s closing price.

Flair Airlines is facing service issues on its website affecting customers’ ability to book a flight with the low-cost carrier.

By David Shepardson and Allison Lampert

Boeing CEO David Calhoun will step down from the embattled plane maker at the end of the year as part of a broad management shakeup Monday after a series of mishaps at one of America’s iconic manufacturers

Stocks that are trading heavily or have substantial price changes on Monday: United Airlines, Dyne Therapeutics fall; Lucid Group, Century Aluminum rise

Boeing keeps hitting more and more turbulence

Antitrust crackdown looms over Big Tech: How Apple, Google are likely staring at break-up orders in US and EU Dave Calhoun assumed the role of chief executive in early 2020 following the ousting of his predecessor, Dennis Muilenburg, in the wake of a significant scandal. This scandal unfolded when two new 737 Max aircraft were involved in nearly identical accidents within five months, resulting in the tragic loss of 346 passengers and crew.

Crude oil forecast: Geopolitical tensions drive brent towards $95 per barrel in near term Intel shares led the market downward, dropping 3% following reports from The Financial Times indicating that new Chinese regulations would prohibit the use of Intel chips in government servers and computers. United Airlines stock also declined by 6% after the Federal Aviation Administration announced heightened scrutiny of the airline due to a series of safety incidents. Despite these setbacks, the market is poised for its fifth consecutive month of gains, with major U.S.

Boeing CEO Dave Calhoun, other senior executives to step down after series of high-profile safety incidents CEO Dave Calhoun wrote a personal message to the employees. Team, As you all know, the Alaska Airlines Flight 1282 accident was a watershed moment for Boeing. We must continue to respond to this accident with humility and complete transparency.

Investing.com — U.S. futures slipped lower Monday, consolidating at the start of a holiday-shortened week ahead of the release of key inflation data and several Fed speakers.

The FBI is telling people who were on board the Boeing 737 Max that lost a panel in midflight that they might be victims of a crime

It's been 15 years since the last fatal crash of a U.S. airliner, but you wouldn't know that from a torrent of flight problems that made news in the last three months

United Airlines says federal regulators are increasing their oversight of the carrier following a series of recent issues

India has «incredibly affordable» airfares and the country's aviation market has the kind of growth potential where Akasa Air as well as other carriers can do well, according to the nearly two-year-old airline's chief Vinay Dube. As Akasa Air prepares to take the international skies on March 28 with the first overseas flight from Mumbai to Doha, Dube also asserted that the airline is not about «marketing gimmicks». Akasa Air is aiming to be among the world's top 30 airlines by 2030 and will go public in future. «We think we have a great financial future. Listing is in our future… but you never say never. We hope to list some day,» he told PTI in an interview this week. While acknowledging that aviation competition has always been intense, he said that as long as the focus is on fundamentals, there is enough room not just for Akasa Air to thrive in the future but for others as well.

(Reuters) -The U.S. Federal Aviation Administration is considering measures to curb growth at United Airlines, including preventing the carrier from adding new routes, following a series of safety incidents, Bloomberg News reported on Saturday.

FBI...A criminal investigation can be a lengthy undertaking, and, for several reasons, we cannot tell you about its progress at this time." After relatives of 346 people who were killed in two Boeing Max 8 crashes in 2018 and 2019 said that their legal rights have been violated, the US Justice Department in 2022 updated its guidelines for notifying victims of potential crimes. In 2021, the relatives said that their rights were violated when the department deferred a prosecution deal with Boeing without notifying them. The US Justice Department later apologized for not meeting with relatives of the crash victims before the announcement of the deal.