Airlines Financial News

Boeing seems unable to keep up with its rival Airbus The plane manufacturer delivered 735 airplanes, leaving its order backlog at 8,598. Airbus comfortably broke its previous sales record, set in 2014 on a gross basis. The company’s A320neo family of single-aisle aircraft has been particularly successful, but Airbus has also gained momentum with its A350 widebody model.

Alaska Airlines is canceling all flights on Boeing 737 Max 9 planes until Saturday while it waits for new instructions on how to inspect and fix the planes

An Airbus plane operated by United Airlines cut short a flight after crews got a door-indicator warning, according to a spokesperson for the airport in Tampa, Florida

Federal officials are investigating Boeing's oversight of production of a panel that blew off a jetliner in midflight last week

Piper Sandler Chief Global Economist Nancy Lazar details her economic expectations for the second half of the fiscal year on ‘Mornings with Maria.’

The New York Post. Before the flight took off for Dubai, the passenger “boarded the Boeing 747 normally" but he did not take his seat. He jumped off and fell 20 feet to the tarmac.

smuggle gold worth Rs 1.9 crore from Dubai to Bengaluru, a couple used their two small children as a cover, pretending to return from a family tour to the Gulf. The incident happened at the Kempegowda International Airport (KIA) in Bengaluru when a team from the Directorate of Revenue Intelligence (DRI) received a specific tipoff. The couple, a 36-year-old man and his 33-year-old wife, accompanied by their eight-year-old daughter and two-year-old son, were intercepted upon getting off an Emirates airlines flight.

Federal regulators are extending the grounding of some Boeing jets after an Alaska Airlines plane lost a side panel last week

Boeing jets have rekindled frustration among airlines over the planemaker's struggle to contain a series of safety and supply crises, industry officials and experts said. Alaska Airlines, which operated Friday's domestic U.S. flight, and United Airlines together have 70% of the MAX 9 fleet and have canceled hundreds of flights.

Alaska Airlines is canceling through Saturday all flights on Boeing 737 Max 9 planes like the one that suffered an in-flight blowout of a fuselage panel last week as it waits for new instructions from Boeing and federal officials on how to inspect the fleet. The development came as signs indicate some travelers might try to avoid flying on Max 9 jetliners — at least temporarily.

'The Claman Countdown' panelists John Lynch and Sheila Kahyaoglu react to an Alaska Airlines Boeing plane's mid-flight door blowout.

By David Shepardson

When Boeing was building a seemingly unassailable position in commercial aviation in the 1960s and 70s, passengers’ faith in its relentless focus on quality inspired the slogan “If it ain’t Boeing, I ain’t going." After the latest calamity to befall the company—the in-flight blowout of a 737 Max door plug of a plane operated by Alaska Airlines that fortunately wasn’t fatal, unlike the two crashes involving 737 Max jets in 2018 and 2019— aviation needs a new catchphrase that encapsulates Boeing’s shattered safety reputation and the ascendance of its sole big rival. This flier suggests, “If it ain’t Airbus, the regular bus will do just fine." In the wake of the Lion Air and Ethiopian Airlines disasters, I wrote that the Airbus-Boeing duopoly had become “extremely unbalanced." At this point, I’m running out of hyperbole to describe the starkly diverging fortunes of the two aircraft makers.

By Rajesh Kumar Singh, Tim Hepher and Allison Lampert

Mint. CORSIA, established by the International Civil Aviation Organization (ICAO), a United Nations agency, is the first global measure to reduce emissions from international flights. In 2016, the ICAO agreed to establish CORSIA framework, to set a carbon-neutral growth target from 2019.

₹2,250 crore, which it plans to raise through a preferential issue of shares and warrants, to reduce liabilities accumulated during the covid-19 pandemic and also to clear statutory liabilities. The airline also has plans to spend the funds for expansion of its network with new destinations including Ayodhya and Lakshadweep, chairman and managing director Ajay Singh said on Wednesday while speaking at the company’s 39th annual general meeting via video conference.

Flights can now operate in low visibility conditions to and from Gondia airport in Maharashtra, with aviation regulator DGCA approving special VFR operations at the airport. The move is part of efforts aimed at addressing the issue of flight delays and cancellations due to low visibility at small airports, the Directorate General of Civil Aviation (DGCA) said on Wednesday. This is the second time that the watchdog has approved commencement of special VFR (Visual Flight Rules) operations at a small airport.

₹440 crore in interest from the arbitral award, while SpiceJet claims it has already paid ₹100 crore following a court directive in August and owes an additional ₹194 crore. SpiceJet also anticipates a reimbursement of ₹400 crore from Maran if its arbitration challenge is successful. During previous proceedings, SpiceJet highlighted its financial challenges, citing operational losses, a negative net worth, and employee-related obligations that could lead to insolvency.

Japan’s transportation ministry says it has introduced improved emergency measures for the country’s airports, a week after a fatal collision between a Japan Airlines jetliner and a coast guard plane at Tokyo’s busy Haneda airport that is seen as a res...

New Delhi: American aircraft manufacturer Boeing is under scrutiny once again for its 737 MAX aircraft after part of an Alaska Airlines Boeing 737 Max-9's fuselage blew out in midair on 5 January, forcing an emergency landing. India’s Directorate General of Civil Aviation (DGCA) immediately ordered three Indian airlines to conduct a one-time inspection of emergency exits on all their Boeing 737 Max-8 aircraft out. On Monday, Boeing shared instructions with airlines for inspecting their 737 Max-9 aircraft, after US regulators grounded 171 such planes because of the Alaska Airlines incident.

enquiries and a substantial reduction in prices for Maldives vacation packages despite multiple long weekends in January, reported TOI. Formerly priced in the range of Rs 55,000 to Rs 70,000, three-day packages from Hyderabad, encompassing airfare, lodging, meals, and sightseeing, are presently accessible for Rs 45,000 or even less. Luxurious five-star packages, previously priced at over Rs 2.5 lakh, have now fallen below the Rs 2 lakh mark, as per travel agents. Additionally, the cost reduction trend may continue.