Aviat Financial News

Club Vistara IDFC FIRST Credit Card Features and Benefits: IDFC FIRST Bank has collaborated with Club Vistara and Mastercard to launch a travel credit card that promises exciting travel and lifestyle-related offers to cardholders. In a statement, the IDFC First Bank said the co-branded credit card is designed to redefine travel experiences and empower cardholders to embark on their journeys with confidence, and in style.

A private commercial helicopter with six people aboard including five Mexican nationals that went missing near the Mount Everest area in Nepal on Tuesday has crashed in a hilly terrain in the country’s eastern region, officials said. The Manang Air NA-MV chopper took off from Surke Airport in Solukhumbu district at 10:04 am for Kathmandu and suddenly lost contact at an altitude above 12,000 feet at 10:13 am, said Gyanendra Bhul, Manager at Tribhuvan International Airport (TIA).

Mount Everest in Nepal on Tuesday, aviation authorities said. According to Tribhuvan International Airport General Manager Pratap Babu Tiwari, the chopper, with call sign 9N-AMV, went contactless 15 minutes into the flight.

New Delhi: A Delhi High Court division bench on Monday heard the appeal filed by the resolution professional (RP) of Go First, challenging an interim order issued by a single bench on 5 July, allowing the lessors to inspect the airline’s fleet, as it would be disastrous for Go First in its efforts to resume operations. Neeraj Kishan Kaul, counsel appearing for the RP, said the order disregarded a proposed resolution approved by Committee of Creditors, and submitted to the Directorate General of Civil Aviation.

Mexico’s armed forces are taking control of the capital’s main airport, and the government plans to give the military control of nearly a dozen more across the country as the president takes aim at corruption and mismanagement

India's Godrej Aerospace expects Rs 100 crore ($12.10 million) in revenue from civil aviation business in its current financial year, associate vice president Maneck Behramkamdin said on Monday.

This article is part of our Summer reads series. Visit the full collection for book lists, guest essays and more seasonal distractions. New generative-AI tools like OpenAI’s ChatGPT, the fastest-growing consumer internet application of all time, have taken the world by storm.

Hindustan Times report cited.  While details of the defense deals remain undisclosed, it is understood that India and France will sign a defense-industrial roadmap aimed at enhancing India's manufacturing of hardware platforms through indigenous engines and technologies. Furthermore, PM Modi and French President Emmanuel Macron are set to unveil a bilateral roadmap for the Indo-Pacific, outlining specific measures to ensure maritime security and freedom of navigation in the region, which has been a subject of contention with a rising China.

New Delhi: Indian airlines are in discussions with aviation technology service provider Sita to adopt solutions for reducing carbon emissions and increasing fuel efficiency, said Sumesh Patel, president of Asia Pacific, Sita, in an interview. “We are in discussions with Indian airlines to look at various solutions, which can help them in operational efficiency and reduce carbon footprint.

Development Monitoring and Evaluation Office (DMEO), an attached office of NITI Aayog, will evaluate the regional connectivity scheme popularly known as UDAN. The monitoring body has issued an RfP for evaluation of the scheme which is expected to kick-start later this year. UDAN is the government’s regional airport development program and part of the Regional Connectivity Scheme (RCS) of upgrading under-serviced air routes.

Virgin Australia chief executive Jayne Hrdlicka says there is “no pressure” when it comes to timing the airline’s plan to go public, dismissing the arrival of aviation’s super profits era as the upshot of typically cyclical airline earnings.

Narendra Modi called Congress ‘loot ki Dukan’ while kickstarting the Rajasthan Assembly Elections campaign, while on Sunday it was reported that an FIR has been registered against Congress veteran Digvijay Singh for allegedly sharing a controversial post on former Rashtriya Swayamsevak Sangh (RSS) chief MS Golwalkar on social media.  Singh also faced brutal words from Madhya Pradesh Chief Minister Shivraj Singh Chauhan hit out at Congress accusing them of spreading "misinformation" and creating social hatred by sharing a "false" post on Golwalkar. Notably, the BJP in Madhya Pradesh came into power after rebel Jyoptiraditya Scindia walked out and joined the saffron party leading to the downfall of the Congress leader Kamal Nath's government.

(Reuters) -All six people aboard a small corporate jet died when the aircraft crashed and burned in a field near an airport outside the Los Angeles area early on Saturday, local and federal authorities said.

To enhance the travelling experience of international and domestic travellers, Delhi's Indira Gandhi International Airport is all set to inaugurate its 2.1 km long dual lane Elevated Cross Taxiway on July 14. In addition to this, the fourth runway at the airport will also become operational on Thursday. The inauguration of ECT will cut short the waiting time in an aircraft from 20-25 minutes to 10 minutes.

₹22,000 crore through rights issue. The board of the public sector oil marketing major on Friday approved the raising of capital through rights issue. In a regulatory filing, the company said its board has approved “raising of capital by way of issue of equity shares on right basis upto an amount not exceeding ₹22,000 crore, subject to receipt of necessary statutory approvals as may be required".

taxiway and a fourth runway will boost Delhi Airport’s capacity by next summer, senior officials of the airport management company said today. While a fourth runway will increase the number of air traffic movements per hour, an elevated taxiway connection will allow the aircraft to vacate the runway faster and shorten its taxiing time. Delhi Airport, operated by GMR Infra is the country’s largest airport and handles around 75-80 aircraft movements per hour.

NEW DELHI : Indian Oil Corp. Ltd (IOCL) plans to raise ₹22,000 crore via a rights issue. The board of the public sector oil marketing company (OMC) has approved the capital raising, the fuel retailer said in a regulatory filing on Friday The board approved “raising of capital by way of the issue of equity shares on rights basis up to an amount not exceeding ₹22,000 crore, subject to necessary statutory approvals", it said, adding that details such as the issue opening and closing dates and issue price would be made available later.

NEW DELHI : The Supreme court on Friday directed budget airline SpiceJet to pay the entire arbitral amount of ₹380 crore to former promoter Kalanithi Maran in their legal dispute, a development which may impact the debt-laden carrier further. A bench presided over by Chief Justice D.Y. Chandrachud and comprising Justice P.S.

Sri Lanka's Jaffna will be increased from four times a week to daily services from July 16, a move that will also amplify trade and commerce, Union Minister of Civil Aviation Jyotiraditya Scindia said. Scindia made the announcement in a pre-recorded video message on the second day of the 67th annual convention of the Travel Agents Association of India (TAAI) being hosted in Colombo.

Appeals court judges in Amsterdam say the Dutch government can order Schiphol Airport, one of Europe’s busiest aviation hubs, to reduce the number of flights from 500,000 per year to 460,000

Reuters.  Efforts by Indian airlines to keep pace with the world's fastest-growing aviation market, serving the largest population, have sent industry records tumbling even though manufacturers are struggling to meet output goals due to supply chain snags. A Reuters report confirmed that Airbus gross orders before cancellations stood at 1,080 aircraft in the first half and said that had delivered 316 jets during the period.  Following the cancellation in the first half of 2022, Airbus won 442 orders or a net total of 259 and delivered an unadjusted total of 297 jets.