Airlines Financial News

By Rajesh Kumar Singh

WASHINGTON (Reuters) — Alaska Airlines said on Thursday it will extend the cancellation of its Boeing (NYSE:BA) 737 MAX 9 flights through Sunday as the Federal Aviation Administration continues to review inspection data from an initial group of 40 planes.

India’s newest airline says it will buy 150 Boeing 737 Max aircraft, in the first major announced sale for the manufacturer since a panel blew out of another Max model in midflight earlier this month

Federal officials have briefed a congressional committee on their investigations into a jetliner that lost a panel of its fuselage in midflight this month and revealed that airlines have inspected 40 identical Boeing planes

Civil aviation minister Jytoriaditya Scindia on Thursday warned that airlines should improve their efficiency or risk losing customers. He also said that the government will take strict action against airlines who don’t follow the regulations regarding passenger rights. “I would urge the airlines to not only focus on passenger volume but also improve their efficiency.

IndiGo Airlines' Chief Executive Officer Pieter Elbers on Thursday said the airline's operations will be completely back to normal by the weekend and in due course of next week as flight cancellations over fog-related disruptions in northern India in recent days have come down. Speaking to the media on the sidelines of ‘Wings India 2024’, an aviation conclave and exhibition, at Begumpet Airport in Hyderabad, Elbers said the airline industry witnessed probably the worst fog in many years, impacting flight operations, which has become a challenge. "...If you see, I am sure all of you have seen that...we had probably the worst fog in many years...Many of our stations in northern India were severely impacted by the fog situation...If northern India is under a blanket of deep fog, we are having a challenge," the Indigo CEO said.

By Johann M Cherian and Ankika Biswas

NEW DELHI : The National Company Law Tribunal deferred hearing a case involving low-cost carrier SpiceJet and aircraft lessor Celestial Aviation Services Ltd on Thursday after the two sides informed the court that they were in advanced stages of reaching a settlement. In the previous hearing, SpiceJet had informed the tribunal about making initial payments to the lessor. NCLT is now likely to hear the case in the last week of February.

IndiGo's Patna to Pune flight (6E-126) faced a substantial delay on Wednesday, leaving 162 passengers grounded for over three hours. The catalyst behind this delay unfolded as the first officer, steering the aircraft through foggy conditions at Jay Prakash Narayan International Airport in Patna, received distressing news of his grandmother's sudden demise. Amid preparations for takeoff, the first officer, grappling with the emotional upheaval, made the poignant decision to abort the flight.

By David Shepardson and Valerie Insinna

News18. Recently, low-cost carrier SpiceJet announced that it is set to launch non-stop flights connecting Ayodhya with three Indian cities from February 2024. Spicejet flights will connect Ayodhya with Mumbai, Bengaluru, and Chennai from 1st February.

Boeing 737-800 aircraft makes emergency landing due to cockpit window crack In the January 5 incident, a Boeing 737 MAX operated by Alaska Airlines executed an emergency landing after a panel known as a "door plug" blew out mid-flight. There were no fatalities or serious injuries.

CNN reported. The top US diplomat had traveled to Davos for the annual World Economic Forum on Monday and was scheduled to fly back to Washington on Wednesday. A Bloomberg report said the aircraft was a Boeing plane.

The prospect of a JetBlue-Spirit Airlines merger has taken a major hit in court

₹272 crore for provident fund and gratuity to the workers. Mehta said not paying these dues puts the resolution plan in breach of the provisions of the Insolvency and Bankruptcy Code (IBC). As the NCLT order has reached its finality, the resolution plan is deemed to be in violation of the IBC and is liable to be set aside.

₹2.7 crore on IndiGo, Air India, SpiceJet and the Mumbai airport following passenger inconvenience and violation of security norms amid fog-related disruption in air travel over the past few weeks. The regulators have imposed a cumulative penalty of ₹1.2 crore on India's largest airline IndiGo, ₹90 lakh on Mumbai airport and ₹30 lakh each on Air India and SpiceJet.

₹1.2 crore on IndiGo over the incident wherein passengers were spotted having food on tarmac at Mumbai airport, according to PTI on Wednesday. A penalty of ₹60 lakh was also imposed on Mumbai airport operator MIAL, as per the orders issued by the BCAS.

Spirit Airlines (NYSE:SAVE) stock is down a further 18.5% in early New York trading on Wednesday after a federal judge blocked JetBlue's (JBLU) $3.8 billion acquisition, prompting concerns about the feasibility of other mergers in the airline industry.

Investing.com — U.S. futures slipped lower Wednesday on concerns that interest rate cuts by the Federal Reserve could be further away than earlier anticipated.

Tokyo on Wednesday after an intoxicated passenger bit a cabin attendant mid-flight, reported news agency AFP. The man, reportedly a 55-year-old American, was "heavily drunk" when he bit the crew member's arm, leaving her injured, a spokesperson from the airline told the news agency. The ANA spokesperson further said following the incident, the pilots of the plane with 159 passengers on board, returned the flight to Haneda airport.