Airlines Financial News

29.02 / 08:59

Airlines Death hospital reports DGCA slaps Air India with ₹30 lakh penalty following 80-year-old passenger's death at Mumbai airport

₹30 lakhs on civil airline Air India following a 16 February 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. According to reports, an octogenarian Air India passenger had requested for a wheelchair at the Mumbai airport.

29.02 / 06:19

Airlines WhatsApp reports travelers Traffic Destinations IndiGo announces six new domestic routes; Check details here

IndiGo on Wednesday announced new domestic route additions to its flight network. The latest routes will be functional from March 31, 2024. The airline will be operating direct flights between Ahmedabad-Rajkot, Ahmedabad-Aurangabad, Bhopal-Lucknow, Indore-Varanasi. The airline has also announced direct flights between Kolkata-Srinagar and Kolkata-Jammu from April 10, 2024 and April 21, 2024, respectively. Flights between Kolkata and Jammu via Srinagar are also set to begin from April 10, 2024.

28.02 / 19:19

COST Airlines Bill country reports Profiles Air India refinances loans with SBI and BoB at near G-Sec yields

Air India has refinanced short-term loans with the State Bank of India (SBI) and Bank of Baroda (BoB) for a three-year loan at an attractive rate, thanks to the conglomerate's strong credit profile. The new Rs 19,000 crore loan will be used to finance the carrier's working capital needs and upgrade its aircraft fleet, people familiar with the details said. The loan has replaced the short-term Rs 18,000 crore bridge loan Air India had availed from SBI and BoB to complete the Tata group's takeover of the erstwhile national carrier in January 2022. It was subsequently renewed for a year in 2023.

28.02 / 17:25

COST Provident CEO Airlines Bill Cycling International In wake of AT&T outage, consumer advocates say you should always ask for money back if there’s a blackout

In this article

28.02 / 16:48

Booking Airlines economy wellness travelers International Airfares were already dropping. Here’s why they could go even lower in 2024

U.S. airfares are, on average, 15% lower now than they were a decade ago, and 6% lower than this time last year

28.02 / 16:11

markets COST UPS Aviat Airlines band rights Reviving Go First won’t be easy. Here’s why

Mint explains the flight path of recovery and the challenges associated with it. Running an airline is a risky business. Virgin Atlantic founder Richard Branson has famously said: “If you want to be a millionaire, start with a billion dollars and launch a new airline." Revival of airlines is challenging as a profitable carrier is an output of several things, such as the right fuel price band, perfect aircraft type, solid maintenance contracts, great network, good slots at airports, skilled workforce etc.

28.02 / 15:47

Aviat Manufacturing CEO Action Airlines Boeing reports Boeing must develop comprehensive quality plan in 90 days - FAA

By David Shepardson

28.02 / 14:25

markets Citi Aviat Airlines Boeing Trade performer Uttar Pradesh Soars High as Shankh Air Embarks on Skyward Journey

Lucknow, Uttar Pradesh, 28/02/2024: Shankh Aviation Private Limited, spearheaded by young and dynamic entrepreneur Mr. Sharvan K.Vishwakarma, is set to make a significant mark in the aviation industry with the launch of its new venture, Shankh Air, from the heartland of Uttar Pradesh, Lucknow. With a formidable presence in Infrastructure & Trading, Mr.

28.02 / 11:37

UPS Airlines Traffic International Better punctuality at Mumbai airport comes with higher fares too

₹1.8 lakh for a 40-minute circling time to ₹2.6 lakh for 60 minutes. This not only raised airfares but also affected airport operations, resulting in delays.

28.02 / 08:39

Aviat Airlines Boeing information Courts Destinations SpiceJet settles Rs 250 cr dispute with Celestial Aviation

SpiceJet has mutually settled its Rs 250 crore dispute with AerCap's subsidiary Celestial Aviation, the company said in a stock exchange clarification on Wednesday. With this, the company said it will avoid litigation and save Rs 235 crore. «The representatives of both Parties informed a bench of National Company Law Tribunal (NCLT) last week that settlement terms had been reached and requested an adjournment. The Court graciously granted the adjournment,» it said in a release.

27.02 / 23:15

UPS Airlines Boeing Experts reports recommendations Investigations Boeing's safety culture falls short despite the company's efforts to fix it, according to experts

Government and aviation-industry experts say Boeing has made some strides toward improving its safety culture, but employees could still be subject to retaliation for reporting issues

27.02 / 23:09

Aviat Airlines Boeing Experts reports Interviews Investigations ‘Lack of awareness’ of safety guidelines at Boeing: FAA report

Boeing is not as committed to safety as it claims it is, an FAA report concluded.

27.02 / 21:17

Airlines Gemini Research social consequences innovations Features An AI failure database can help foster innovation safety

Last week saw the release of yet another artificial intelligence (AI) model, Gemini 1.5, Google’s much-awaited response to ChatGPT. As has now become the norm, on the day of its release, social media was saturated with gushing paeans about the features of this new model and how it represented an improvement over those that had come before. But that initial euphoria died down quickly.

26.02 / 17:45

markets UPS Ripple Aviat Airlines show The scramble for leased jets will show up in air fares soon

through 2026, with as many as 650 aircraft sitting idle in the first half of 2024. Over 40 airlines and lessors globally, including IndiGo, have been impacted by Pratt & Whitney’s engine issues.

26.02 / 17:19

COST UPS Airlines economy JetBlue Experts travelers Major airlines raised fees for checked bags. Here are 7 ways to cut costs

A handful of airlines — Alaska Airlines, American Airlines, JetBlue Airways and United Airlines — have raised their fees for checked bags this year. But if you plan ahead, such fees are easy to reduce or avoid altogether.

26.02 / 17:11

markets UPS Aviat Airlines Boeing country International NOT China's homegrown C919 jet in spotlight at Singapore air show, but not quite ready to compete

China’s C919 single-aisle jet made its international debut at the Singapore Airshow, attracting masses of visitors and hundreds of orders, but analysts say it still has a long way to go before it can compete with aircraft from market leaders Boeing and...

26.02 / 13:11

COST Booking Airlines CIBC travelers Destinations Lynx Air is shutting down — what to do if you’re stranded or need a refund

Ultra low-cost carrier Lynx Air will be ceasing operations after obtaining creditor protection under the Companies’ Creditors Arrangement Act, the company said late this week. The Calgary-based airline said operations will halt effective 12:01 a.m. MT on Monday, with flights continuing to operate until that time. The Financial Post’s Denise Paglinawan and Shantaé Campbell explain what that means for customers who are currently travelling and those who have booked tickets for future flights.

26.02 / 09:41

Aviat Airlines WhatsApp information SpiceJet closer to settlement with aircraft lessor Celestial, says formalities remain

Spicejet, Monday, informed the National Company Law Tribunal that the airline has settled the matter with aircraft lessor Celestial Aviation, with only a few formalities that needed to be sorted out. The senior counsel for the budget airline requested a week from the tribunal, after which he noted that Celestial would withdraw the insolvency petition. On the other hand, the counsel for the aircraft lessor also recognised that settlement talks were underway and that he would withdraw if the deal was finalised.

26.02 / 08:57

Aviat Action Airlines Food show social Videos IndiGo airlines faces backlash over cockroaches running around in aircraft's food area

IndiGo airlines has come under major criticism after a passenger shared a video on social media, showing cockroaches in the food area of one of their aircraft. Tarun Shukla, an aviation journalist who posted the video, wrote on X: «Cockroaches and in the food area of a plane (anywhere for that matter) are just truly awful...» Hygiene Concerns Raised The video has once again raised questions about the airline's hygiene standards on board. In response to the incident, IndiGo has taken immediate action by thoroughly cleaning and disinfecting their entire fleet to ensure the safety of their passengers.

26.02 / 05:25

UPS Reuters CEO Airlines Boeing travelers Ryanair may have to cut summer flights due to further Boeing delays

By Joanna Plucinska

25.02 / 19:11

Action Airlines gatherings Lufthansa says it wants quick pay deal with unions

FRANKFURT (Reuters) — German airline Lufthansa said on Sunday it was keen on moving ahead in wage negotiations for thousands of ground crew after labour union Verdi demanded the company offers a higher pay increase aimed at averting more strike action.

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