Airlines Financial News

SpiceJet on Tuesday said that it has settled Rs 93-crore dispute with one of its aircraft lessor Cross Ocean Partners. SpiceJet said that as part of the arrangement, the airline will also benefit from transfer of airframe and an engine at no additional cost, augmenting its operational capabilities. The carrier last week said that it has mutually settled a Rs 250 crore dispute with another lessor Celestial Aviation.

Thousands of flights and trains are expected to be canceled again this week in Germany after two unions called for more strikes over wages and working conditions

American Airlines is ordering 260 new planes to meet growing travel demand and increase the airline’s supply of premium seats

Stocks that traded heavily or had substantial price changes on Monday: Macy’s, United Rentals rise; Apple, Spirit Airlines fall

JetBlue and Spirit Airlines are ending their proposed $3.8 billion merger after a federal judge blocked the deal, ruling it would hurt competition

NCLT) on Monday reserved its order in the matter related to Dublin-based aircraft lessor Aircastle Limited’s insolvency petition against budget airline SpiceJet. SpiceJet’s counsel has cast doubt over the maintainability of Aircastle’s petition as the latter had filed a separate petition under the Insolvency and Bankruptcy Code, 2016 (IBC) against the Gurgaon-headquartered carrier. The counsel for Aircastle has argued that both petitions deal with separate cases of default by SpiceJet. The second case is listed for hearing on April 22.

By David Shepardson

Canada treats its aviation industry as a cash cow, when it should be considered an essential service, says an airline expert.

NEW DELHI : Indians are flying overseas like never before. And airlines are taking swift measures to cater to the rising demand. This January has seen 6.52 million people take off for foreign destinations from India, 17% more than January 2023 and, significantly, 0.5% higher than the pre-covid level of January 2020 as well.

SpiceJet on Monday said Abu Dhabi's sovereign wealth fund ADIA has acquired shares of the airline from the open market. However, the carrier did not disclose specific details. A source close to the airline said Abu Dhabi Investment Authority (ADIA) started buying shares in late February.

By David Shepardson and Aatreyee Dasgupta

Boeing is in talks to buy Spirit AeroSystems, which makes fuselages for Boeing 737 Max jetliners

By Danial Azhar and Mandy Leong

Congress on Saturday accused the Modi government of helping the rich industrialists and waiving off bad loans of corporates and alleged that it has upgraded facilities at the Jamnagar airport using the tax-payer's money only to facilitate the guests of a rich industrialist. Congress general secretary Jairam Ramesh alleged that the Jamnagar airport in Gujarat is near the Pakistan border and is sensitive to defence concerns. He also alleged that even while the government is seen standing with the rich, it is demolishing houses of the poor and farmers seeking a minimum support price (MSP) for their produce have to face bullets. «When it comes to helping out his rich industrialist friends, Prime Minister Modi is willing to do anything,» he alleged, claiming that he «has declared the Jamnagar airport an international airport for 10 days».

Boeing said Friday that it is in "preliminary discussions" to buy Spirit AeroSystems, which builds fuselages for Boeing 737 Max jetliners, including the one that suffered a door-panel blowout on an Alaska Airlines flight in January. Boeing used to own Spirit, and it said that bringing the manufacturer back into the Boeing fold would improve plane quality and safety, which has come under increasing scrutiny by regulators, Congress and airlines.

(Reuters) — The latest black eye for Boeing's (N:BA) top-selling 737 MAX aircraft occurred in January when a cabin panel blowout forced an Alaska Airlines flight to make an emergency landing.     U.S. regulators briefly grounded certain planes for safety checks, a move less severe than the grounding of all MAX-family jets worldwide nearly five years ago following a pair of fatal crashes.

737 Max jetliners, including the one that suffered a door-panel blowout in January, according to a person knowledgeable about the discussions. The timing of a deal — or whether the two sides even reach a final agreement — is uncertain, according to the person, who spoke about the private talks on condition of anonymity. The Wall Street Journal first reported the talks.

Boeing (NYSE:BA) is currently in discussions to acquire Spirit AeroSystems (NYSE:SPR), according to a report by The Wall Street Journal on Friday.

₹72 crore, on the back of a 2.7 times increase in revenue to ₹773 crore. Revenue in the first three quarters of the current financial year has risen 59.5%. Operating with an asset-light strategy, DreamFolks dominates India's airport service sector, capturing 75% of the domestic airport lounge market.

A social media backlash to media reports that said fast-food chain Wendy’s had plans to increase menu prices during its busiest hours shows a limit to where, when and for what U.S. consumers will trade more cash for convenience

Directorate General of Civil Aviation (DGCA) has imposed a financial penalty of Rs 30 lakhs on Air India following a February 16 incident of non-availability of a wheelchair to an 80-year-old passenger who collapsed and died after walking from the aircraft to the airport terminal at Mumbai. The incident happened at the airport on February 12 after the passenger landed in an Air India flight from New York. A financial penalty of Rs.30 lakh has been imposed on Air India as per Aircraft Rules, 1937 for violating the provisions of the aforementioned regulations, DGCA said in a statement Thursday.