Airlines Financial News

By David Shepardson

Flair Airlines is putting up fewer flights domestically in Canada this spring, but the low-cost carrier’s CEO says it’s part of a broader push for the airline to fly into more sunny destinations.

U.S. investigators say an American Airlines jetliner suffered an “anomaly” in the braking system before running past the end of a runway in Texas last month

What if you don't have enough airline miles for that free flight, but a family member does

NEW DELHI : Domestic carriers registered a 22% increase in international air traffic to and from India at 7.7 million passengers, as per the latest data available for the October-December period, the fruits of a likely sustained post-pandemic focus by Indian airlines to expand their international network. As per data from the regulator Directorate General of Civil Aviation, Indian airlines also registered an increase in the cumulative market shareof international flights to and from India at 44.6% in the period.

Supreme Court on Friday took note of Swiss financial services firm Credit Suisse submission’s that SpiceJet has cleared its outstanding dues and is no longer in default as on date. A Bench led by Justice Hima Kohli while posting the matter for further hearing in July noted the submissions made by senior counsel Liz Mattews, appearing for Credit Suisse, that “matter should be taken up after three months to ensure that they (Spicejet) don’t default as they have been doing in the past,” The court was hearing a contempt petition filed by Credit Suisse against Singh over the non-payment of dues despite a court-approved commercial settlement arrived at between the Swiss firm and the low-cost airline in 2021. The dispute arises from SpiceJet's alleged failure to honour invoices raised by Credit Suisse.

₹80 lkah to Air India Limited for violation of regulations pertaining to Flight Duty Time Limitations (FDTL) and fatigue management system (FMS) of flight crew. "DGCA has imposed a financial penalty of Rs. 80,00,000 (Rupees eighty lakhs) to Air India Limited for violation of regulations pertaining to Flight Duty Time Limitations (FDTL) and fatigue management system (FMS) of flight crew," PTI quoted DGCA as saying.

the end of a runway in Texas last month had undergone a brake-replacement job four days earlier, U.S. investigators said Thursday. An inspection showed that flexible hydraulic lines to parts of the braking system on the Boeing 737 had been improperly reconnected, the National Transportation Safety Board said in a preliminary report on the Feb.

recruitment efforts, especially for mid-level and senior talent, propelled by the government's push on tourism and a significant boost in the interim budget presented last month. Recruitment firms told ET they are seeing a 30-50% rise in mandates from travel companies, looking to tap continued rise in consumer spending on tourism post the revenge travel boom. Companies are scouting for talent in not just product, engineering, revenue, and supply chain, but also those with specialised skills in AI and automation. Hospitality and consumer tech companies are emerging as hunting grounds for such talent, which can command compensation packages ranging from ₹70-80 lakhs, reaching up to ₹1-2 crore for CXO appointments. The travel market in India, estimated at $75 billion in FY20, is projected to reach $125 billion by FY27, according to data from industry body FICCI.

By David Shepardson

The heads of leading U.S. airlines want to meet with Boeing and hear the aircraft manufacturer’s strategy for fixing quality-control problems that have gained attention since a panel blew out of a jetliner in January

The government wants to know how airlines handle personal information about their passengers

Akasa Air doesn’t see any curtailment of flights due to the new pilot rest rules even though it has planned an exponential growth and international foray this summer, CEO Vinay Dube. Dube is a co-founder of the airline which started in 2022 and is backed by the family of late stock market investor Rakesh Jhunjhunwala. “We should rather applaud the regulator for their continuous focus on safety rather than talking if there will be two or three pilots short. We have 24 aircraft and around 700 pilots now which is plenty not just for the current fleet but also for the aircraft that will be delivered later. We will maintain a reliable schedule and there will be no flight cancellations,” Dube said.

Indian airlines are gearing up for an increased flight frequency as they prepare to operate 24,275 weekly domestic flights during the upcoming summer schedule, starting from March 31. This marks a nearly 6 percent surge compared to the corresponding period last year.

Four fairly quick observations on this Federal Reserve meeting day, not all of which have anything to do with the Fed:

Vinay Dube, Founder, MD & CEO, Akasa Air, says: “We are part of India's growth story. We can help underpin the economic growth as is required with strong transportation links. We are India's most on-time airline and so we have a real sort of approach to service excellence that we hope is not seen so far. For me, it is just excitement in the future and to top it all off, we are starting our first international flight and so we get to plant the orange Akasa flag in Doha, Qatar just in a few days and we have broken all records with it. We are the first airline to fly internationally within 19 months of launch when most others have taken about six years and that is the reason why I am so excited.” Dube further said: «Flight to Kuwait, Riyadh, Jeddah will come on the heels of Doha, perhaps later this summer. I cannot give you a definitive timeline because we are working with these foreign governments to get the appropriate approvals before we can launch it. But that is just the start. We will (eventually) fly to other parts of the Indian subcontinent, whether it is Bangladesh, Sri Lanka, Kathmandu, etc, or Southeast Asia, other parts of the Middle East.» What is happening in the Indian skies right now? There is competition. There is a news flow, a lot of issues we keep hearing about with regards to Boeing. We are going to address that in greater detail, but set the roadmap for us. Vinay Dube: For me, Indian aviation is growth, excitement and a future of connected cities.

Consulate General of India in Hong Kong has issued an advisory for Indian nationals planning to visit the special administrative region for a period of less than 14 days. The Indian mission, in a statement, said that the nationals need to apply for online Pre-Arrival Registration (PAR).

Hong Kong gets new security law 'to crush dissent': How will it impact citizens? Additionally, the Indian passengers must have the following: Passport validity of at least six months, confirmed return or onward tickets, confirmed hotel booking, proof of bona fide purpose of visit, and proof of sufficient financial provisions. The Consulate General of India, also pointed out that holding Pre-Arrival Registration (PAR) is not a guarantee of the registrant's successful entry in Hong Kong and the above-mentioned requirements need to be followed "Please note that holding a valid PAR is not a guarantee of the registrant's successful entry to the HKSAR.

Passengers on a Southwest Airlines flight from Las Vegas to Kansas City were treated to a very special «MVP» on board. Donna Kelce, mother to NFL stars Travis and Jason, was introduced by crew members as a «Most Valuable Parent.»

Southwest Airlines has reached a tentative agreement on a new contract with union flight attendants

An Amsterdam court has ruled that Dutch national airline KLM made misleading statements about sustainable aviation in a case that accused the carrier of “greenwashing.”