Airlines Financial News

A United Airlines jetliner that lost a tire on takeoff has made a safe emergency landing in Los Angeles

Federal investigators have confirmed an account by pilots who say the rudder controls on their Boeing Max jetliner failed during a landing last month

(Reuters) -Abu Dhabi wealth fund ADQ has chosen advisers, including HSBC Holdings (NYSE:HSBC), Citigroup and First Abu Dhabi Bank, for a potential initial public offering of Etihad Airways, Bloomberg News reported on Thursday.

Delhi High Court on Thursday issued showcause notice to Go First resolution professional (RP) Shailendra Ajmera as to why contempt proceedings should not be initiated against him for non-compliance of its orders. Several lessors of the bankrupt airline had alleged that the RP had failed to conduct any maintenance on their aircraft leased to the airline and had wilfully defied the HC orders. Justice Tata Vitasta Ganju also asked the lessors to work out the modalities for a solution in this regard. However, the HC clarified that it was not directing anyone's presence at the moment. She noted that from the RP's previous affidavits showed that maintenance had not been carried out by the airline's officer.

Supreme Court on Thursday dismissed an appeal by the Jalan Kalrock Consortium (JKC), the successful bidder for takeover of grounded Jet Airways (India), seeking to halt sale of the airline's three aircraft to a Malta-based aviation company. A Bench led by Justice Abhay S Oka upheld the National Company Law Appellate Tribunal's December order that allowed the sale of the aircraft to Ace Aviation VII. The apex court also observed that the sale of aircraft to the aviation company would in fact help the consortium to revive the embattled airline. JKC had challenged the jurisdiction of the NCLT or the appellate tribunal to direct specific performance of the Letter of Intent, saying the LoI does not have a binding contractual value. It further argued that the NCLAT had failed to consider that it was being «prejudiced for the fault of a third party that has no locus to submit an application before the NCLT essentially seeking specific performance against the monitoring committee of the corporate debtor, having no privity to the resolution plan or its implementation.»

Mint. The sale, estimated to be worth ₹3,730 crore ($450 million), will see the offer floor price set at ₹2,925 per share, a 5.8% discount to the last closing price of ₹3,105.7 apiece on the NSE.

Millions of travelers across Germany are being affected by strikes again after two unions called for two-day walkouts over wages and work conditions

(Reuters) — General Electric (NYSE:GE)'s aerospace business said on Thursday it expects operating profit to rise to about $10 billion in 2028, as it gains from strong demand for spare parts and services amid an aviation boom.

Investing.com — European stock markets slipped lower Thursday, amid caution ahead of the latest European Central Bank rate-setting meeting.

By Joanna Plucinska and Ilona Wissenbach

Lufthansa said Thursday it had doubled profits in 2023 on booming demand, as the aviation sector extends a rebound from the coronavirus pandemic. The group reported a net profit of 1.67 billion euros ($1.82 billion), compared to 791 million euros in 2022.

Stock market today: SpiceJet shares have been under bulls' attention since early morning deals. SpiceJet share price today opened upside at ₹62 apiece and went on to touch an intraday high of ₹65.40 apiece on NSE, logging an intraday gain of around 5.50 percent within few hours of stock market opening bell. According to stock market experts, SpiceJet share price is rising today as the aviation company has resolved ₹413 crore dispute with Echelon Ireland Madison One Ltd.

Boeing has refused to disclose who worked on the door plug that blew off a jetliner in January, according to the head of the agency that's conducting the investigation

A growing number of climate-conscious Europeans want to give up flying in favor of long-haul trains, especially younger travelers

By David Shepardson

In case you needed yet another incentive to cram all your travel items into a carry-on, Delta Airlines has just boosted the cost of your first checked bag by 17%

Abu Dhabi-based Etihad Airways says it saw a $143 million in profit last year, citing an increase in passengers as fueling the gains

By Ilona Wissenbach

NEW DELHI : The Directorate General of Civil Aviation (DGCA) on Wednesday granted air operator’s certificate to Goa-based Just Udo Aviation Pvt Ltd to operate its airline Fly91. The grant of the air operator certificate marks the completion of all regulatory and compliance requirements for the airline to begin its commercial operations, the airline said in a statement. "We now look forward to commencing the sale of tickets leading to the start of commercial operations soon," managing director and chief executive officer of Fly91, Manoj Chacko said.

aviation regulator Directorate General for Civil Aviation (DGCA) has given new airlines Fly 91 Air Operator's Certificate (AOC). Fly91, which is helmed by top aviation veterans, has the tagline 'Bharat Unbound'. The airline is promoted by Harsha Raghavan, the former head of Fairfax India and Manoj Chacko, former executive vice president of defunct Kingfisher Airlines. The airline will have the new Goa airport built by GMR as its main base, while the coastal state will also house the headquarter of an airline for the first time.

Flair Airlines CEO Stephen Jones says he still hopes to add several Lynx Air planes to his fleet, even after their tentative deal fell through when Lynx shut down last month.