Aviat Financial News

13.07 / 12:53

COST UPS FIVE Aviat Airlines Traffic India June air traffic tops pre-covid level but capacity deployed falls 5%: Icra

Icra said, indicating continued revival of the Indian aviation market. While domestic air traffic in June was around 5% lower sequentially, it witnessed a year-on-year growth of 19%.

13.07 / 12:21

Citi BLOCK Aviat Action Airlines Strategy Climate activists block runways at 2 German airports, causing numerous flight cancellations

Climate activists were blocking flights at two German airports for several hours Thursday in protest against the most polluting form of transportation

13.07 / 12:21

Aviat Boeing FedEx Pilots Missing a small part on a landing gear, FedEx pilots were forced to make an emergency landing

A small missing part forced pilots of a FedEx cargo plane to make an off-balance emergency landing

13.07 / 10:19

COST UPS Aviat UBS Viva Energy flags up to $60m earnings hit on Geelong refinery troubles

Viva Energy’s earnings will be crunched by costs and production challenges linked to prolonged maintenance at its troubled flagship Geelong refinery.

13.07 / 10:19

UPS Provident BLOCK Aviat Airlines Alliance secures $100m in new finance, profits higher than expected

Alliance Aviation says it is on track to report better than expected profits after the number of fliers rose in the six months to June 30, with $100 million in new funding from financiers in the United States as it expands.

13.07 / 08:49

UPS Aviat CEO Airlines Boeing Chase Akasa Air 'well capitalised', can grow much faster: CEO Vinay Dube

Akasa Air is «well capitalised» with adequate funds to place a three-digit aircraft order by the end of this year and has the potential to grow at a much faster pace, according to the airline's chief Vinay Dube. The airline is set to complete one year of flying next month, and in the words of Dube, «we have exceeded our expectations». Currently, the carrier has 19 aircraft and the 20th aircraft is expected to be inducted this month, which will also make it eligible for international operations.

13.07 / 08:01

Digital Aviat Platform Strategy Remark Puma ETPWLA 2023: Announcing the nominees for the Marketing Leader of the Year Award

Through the Marketing Leader of the Year Award category, the ETPrime Women Leadership Awards programme has, over the years, celebrated exceptional women leaders in the field of marketing, branding, advertising, and strategic communications. This year, the shortlisted nominees for the ETPWLA — Marketing Leader of the Year Award category are Neha Ahuja, Director and Head of Marketing at Spotify, Ranjani Krishnaswamy, GM of Marketing at Titan, Sakshi Verma Menon, Director Marketing at Kimberly Clark, Shalini Rao, CMO of Bangalore International Airport, and Shreya Sachdev, Head of Marketing & Strategy at PUMA India.

13.07 / 02:53

UPS FIVE Aviat CEO Airlines Boeing Six months in, Bonza cuts routes while it waits for more planes

Less than six months after it began operating, Bonza says it will cut five routes from its schedule while it waits for new planes to arrive after they finish operating in the northern hemisphere summer later this year.

13.07 / 01:51

Aviat Airlines Go Airlines can now admit its vendor Blue Mushroom Infozone under CIRP: Report

The Economic Times. The Delhi High Court on Wednesday permitted crisis-hit Go First airline to carry out the maintenance of aircraft leased to it while allowing the lessors to inspect the planes periodically. A division bench headed by Chief Justice Satish Chandra Sharma, while dealing with appeals by the resolution professional (RP) appointed under the insolvency law to manage the airline against an order by a single judge, also clarified that the DGCA shall be free to act on the plan submitted by the airline for resumption of its operations.

12.07 / 19:15

Aviat Manufacturing Airlines Parke Delhi HC rejects Go First plea, lessors free to inspect planes

New Delhi: The division bench of the Delhi High Court has rejected the appeal by Go First, seeking a stay on the interim order by a single judge bench on 5 July. The interim order had allowed its lessors to inspect its 30 parked aircraft. Besides, the bench comprising Chief Justice Satish Chandra Sharma and Justice Sajeev Narula, granted the Directorate General of Civil Aviation 15 days to give approvals for the airline to resume operations.

12.07 / 16:13

Digital Cooper Aviat Manufacturing Fighting Pool L’Oréal Modi’s Bastille Day visit to Paris will symbolize plenty

The year 2023 marks an important and significant milestone for Indo-French relations as both countries celebrate the 25th anniversary of their strategic partnership, which was signed in 1998. Indian Prime Minister Narendra Modi will visit France on 14 July, where he will be the Guest of Honour at the Bastille Day parade. France rarely invites a partner country on Bastille Day, making this visit particularly exceptional.

12.07 / 13:33

Aviat Manufacturing Airlines EOS Delhi HC refuses stay on lessors inspecting Go First aircraft

Go First's resolution professional (RP) challenging an earlier order that allowed lessors to inspect the airline's aircraft and their parts at regular intervals. Lessors can now carry out inspections regularly. Additionally, the bench comprising chief justice Satish Chandra Sharma and justice Sajeev Narula has given the Directorate General of Civil Aviation (DGCA) 15 days to grant approvals to the airline for resuming operations. On 5 July, a single-judge bench of the Delhi High Court permitted the lessors of the airline to inspect and carry out maintenance work of Go First's 30 aircraft within the next three days.

12.07 / 13:03

FIVE Aviat Boeing plane Delta Investigators say a broken part in the landing gear prevented a Delta plane from landing normally

Investigators say a broken part inside the nose landing gear of a Delta plane forced pilots to make a skidding, nose-down landing last month in Charlotte, North Carolina

12.07 / 08:27

MET Aviat Airlines SpiceJet shares slump 12% as airline placed under 'enhanced surveillance'

SpiceJet fell over 12% in intraday trade on Wednesday on reports that the aviation regulator has placed the airline under enhanced surveillance. The stock recovered some lost ground and was last trading at Rs 28.84, down 3.38% from the previous close. PTI reported on Tuesday that DGCA has put the carrier under «enhanced surveillance» amid multiple financial headwinds in recent months.

12.07 / 01:35

Lowe's Digital Amazon Aviat Ball Mobile cricket 6 Top Cricket Bats for Adults for Effortless Performance

A full-size cricket bat can help you bring in your A-game and play effortlessly well. If you are looking for the best cricket bats for adults on Amazon, you have come to the right place. Check out our picks 6 of the top cricket bats for adults in India.

11.07 / 20:49

UPS Provident Target Aviat boost Global Trade Global Biofuel Alliance to boost global trade: Puri

New Delhi: The Global Biofuel Alliance (GBA) will boost global trade and secure availability of biofuels, said the union minister for petroleum and natural gas Hardeep Singh Puri. Addressing an event here on Tuesday, the minister said: "The alliance will provide a boost to global trade, secure the supply and availability of biofuels and coordinate internationally recognized standards and codes." The alliance will be a competent organization which will set technical standards for sustainable aviation fuel business in collaboration with relevant industry bodies. It would have a three-category membership structure bringing together member countries, partner organizations and industries.

11.07 / 17:05

Provident Aviat Merit Enterprise IBC NCLT dismisses plea seeking insolvency proceedings against Religare Enterprises

National Company Law Tribunal (NCLT) on Tuesday dismissed a plea to initiate insolvency proceedings against Religare Enterprises Ltd observing that it was a financial service provider and does not come under the ambit of the Insolvency & Bankruptcy Code (IBC). A principal bench headed by NCLT President Justice Ramalingam Sudhakar and Atul Chaturvedi held that the petition filed by Ligare Aviation Ltd against Religare Enterprises was «not maintainable» and does not fall under the definition of «Corporate Debtor», which means a corporate person who owes a debt to any person.

11.07 / 12:35

MET Aviat Airlines DGCA puts SpiceJet under enhanced surveillance; airline refutes

DGCA has put SpiceJet under «enhanced surveillance» amid the budget airline facing multiple financial headwinds in recent months, a senior official said on Tuesday, but the carrier refuted any such development. It also comes against the backdrop of various lessors seeking repossession of aircraft leased to SpiceJet and some of the cases have been settled by the airline.

11.07 / 11:01

FIVE Aviat Helicopter Search team recovers all bodies from Nepal helicopter crash site

Nepal Army and Nepal Police has retrieved all the bodies of victims from a helicopter crash site in Solukhumbu District of Nepal. «We have recovered all the bodies at the crash site.

11.07 / 10:21

Cooper Aviat Progressive Nepal & China agree to expedite pending infrastructure projects under BRI

Belt and Road Initiative to boost infrastructure in the landlocked Himalayan nation, a media report said on Tuesday. The agreement was reached during a meeting between the vice chairman of Nepal's National Planning Commission (NPC), Dr Min Bahadur Shrestha, and Chong Liang, the vice chairman of the Chinese government's National Development and Reform Commission (NDRC), which oversees the implementation of the Belt and Road Initiative (BRI).

11.07 / 09:13

Cooper Aviat boost Forging A Naval Alliance: India and France to Boost Defence Capabilities

In preparation for Prime Minister Narendra Modi’s upcoming visit to France for the Bastille Day Parade, the Defence Procurement Board (DPB) has proposed the procurement of Rafale-Marine (M) combat fighter aircraft and additional Scorpene submarines for the Indian Navy. This move aims to bolster India’s maritime air combat and underwater combat capabilities, respectively. The proposal made by DPB includes a follow-on order for three Scorpene class submarines to be built at Mazagon Dock Limited in Mumbai and the procurement of 26 fighter jets from Dassault Aviation – Rafale (M).

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