Airlines Financial News

Safety checks on 39 of the 40 Boeing 737 Max aircraft being flown in India have revealed a “missing washer" in one, according to the country’s aviation regulator. All the rest were found to be in order, while the inspection of one plane was still underway. Needless to say, rectification measures have been taken.

The loud boom startled passenger Kelly Bartlett, and the roaring wind that followed left her unnerved

737 Max 9 last week mid-flight, leaving a gaping hole in the side of the plane, Bloomberg reported. “I’ve got kids, I’ve got grandkids and so do you. This stuff matters.

AFP reported. Speaking to employees at a safety meeting called after Friday's emergency landing, Calhoun said, “We're going to approach this (by) number one acknowledging our mistake." The attempt to get the 737 Max 9 back in the air was delayed on Tuesday when federal regulators ordered Boeing to change its guidelines for how airlines should inspect the aircraft. This was due to a part in one of the planes blowing out during a flight late last week.

By David Shepardson, Valerie Insinna and Tim Hepher

The blowout of part of the fuselage on a Boeing 737 Max flying over Oregon is the latest in a string of safety problems — including two devastating crashes — for the aerospace giant based in Arlington, Virginia

The CEO of JetBlue is stepping down, and he's being replaced by the first woman to head a major U.S. airline

Federal investigators are learning more about how a door panel flew off an Alaska Airlines jetliner last week

An emergency landing by an Alaska Airlines jetliner last Friday prompted U.S. authorities to ground most of Boeing's 737 Max 9 aircraft, another black mark in the troubled history of the company's Max jets

Wall Street drifted through mixed trading and held relatively steady ahead of several potentially market-moving reports later in the week

spiritual tourism segment in India grew by 35-40% year-on-year in 2023, according to estimates provided by travel majors, and it is expected to get a boost with the inauguration of the Ram temple in Ayodhya this month. Forward travel bookings and queries for Ayodhya are seeing a «strong» response, with flights for January 22 almost 80% booked, said an airline executive. Airline executives pointed out that for short-haul travel, they are expecting about 15% late bookings, primarily in the next five to seven days. «Some people are avoiding travel on the first day, expecting a rush and they plan to visit later,» the executive cited earlier said, adding that for the whole month, flights are almost 90% full. He pointed out that there could be some postponement of travel plans and some travellers would prefer travelling by train due to high airfares for January 22, the day of the temple inauguration. IndiGo and Air India Express had launched flights to Ayodhya immediately after the airport's opening on December 30. Both airlines now connect Ayodhya to Delhi, Mumbai, Bengaluru and Kolkata.

(Updated — January 9, 2024 12:06 PM EST)

Carlyle Aviation Partners has reportedly expressed its interest for SpiceJet, Reuters reported on January 9 citing a source-based article by CNBC TV 18. Earlier, in mid 2023, the airline had sought shareholder approval to issue 5.91% stake in the low-cost airline to Carlyle Aviation Partners--the aircraft financing unit of global private equity giant Carlyle Group. In December, the cash-strapped airline had got a lifeline in the form of investment from a clutch of funds and high net worth individuals. The Rs 2,254 crore investment was done through the issue of up to 130 million convertible warrants and 320.8 million fresh equity shares. The fundraising counts 64 investors amongst which there are funds like Elara India Opportunities Fund, Aries Opportunities Fund, and Prabhudas Lilladher, Nexus Global and Mumbai based businessman Harihara Mahapatra and Arjun Juneja of Mankind Pharma. The shares are to be issued at Rs 50 apiece. SpiceJet promoter Ajay Singh holds 56.5 % stake in the company, and, out of this, 37.9 % is pledged with various banks.

Investing.com — Boeing (NYSE:BA) shares were marginally lower in premarket U.S. trading on Tuesday after two airlines reportedly discovered loose parts on some grounded models of the planemaker's 737 Max 9 jet, threatening to compound growing safety concerns following a dangerous mid-air blowout on an Alaska Airlines flight last week.

Investing.com -- U.S. stock futures pointed lower on Tuesday, suggesting a possible retreat from gains in the prior session that stemmed in part from a rally in shares in chip designer Nvidia (NASDAQ:NVDA). Elsewhere, two airlines reportedly discover loose parts on some of their grounded models of Boeing's (NYSE:BA) 737 Max 9 jet, adding to scrutiny on the planemaker that has been building since a dangerous mid-flight blowout on a single version of the aircraft last week.

(Reuters) -The latest setback for Boeing (NYSE:BA)'s top-selling 737 MAX aircraft occurred on Friday when a panel blew off an Alaska Airlines plane forcing its pilots to make an emergency landing.

A curious citizen out on a Sunday stroll says he found an intact iPhone — still in perfect working condition — that appears to have been sucked out of Alaska Airlines Flight 1282, which suffered a catastrophic failure to its fuselage on Friday.

HONG KONG (Reuters) — Plans by Hong Kong's Cathay Pacific Airways (OTC:CPCAY) to slash flights during the busy Lunar New Year period show the airline needs to address its capacity problems, the city's leader said, while its pilot union called for a government enquiry.

(Reuters) — Schoolteacher Bob Sauer said he took a flashlight to his tree-filled backyard on Sunday evening on the small chance he might find a plane part that had torn off an Alaska Airlines jet on Friday at an altitude of about 16,000 feet (4,877 m).

By Tim Hepher, Rajesh Kumar Singh and Valerie Insinna

(Reuters) -JetBlue Airways on Monday named Joanna Geraghty as its CEO, succeeding Robin Hayes who spearheaded the $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines (NYSE:SAVE)