Aviat Financial News

American Airlines briefly grounded flights nationwide due to a technical problem just as the Christmas travel season kicked into overdrive and winter weather threatened more potential problems for those planning to fly or drive

Private jet fuel suppliers have grown their sales at 63% this fiscal year compared to state-run companies' 5.5% and grabbed nearly 12% market share, aided by an aggressive marketing and supply network expansion.

American Airlines on Tuesday grounded all its flights in the U.S. due to an unspecified technical issue, according to the company and a notice on the Federal Aviation Administration website.

Subscribe to enjoy similar stories. Indian Railway Catering and Tourism Corp. Ltd’s (IRCTC) shares hit a new low for 2024 at ₹777.20 on Monday and are hovering near those levels.

growth potential across various sectors for a period of 1 year. JPMorgan initiates coverage on Sagility with an Overweight rating, citing its niche position in the healthcare sector and robust earnings growth projections.

sustainable aviation fuel by utilising its ethanol supplies and availability of lipids feedstocks like non-edible industrial oils, according to a senior official at the global airlines' grouping IATA. With decarbonisation in focus, efforts are being made to reduce emissions and over the years, Indian carriers have operated some flights with a blend of Sustainable Aviation Fuel (SAF) and traditional Aviation Turbine Fuel (ATF). Hemant Mistry, Director of Net Zero Transition at the International Air Transport Association (IATA), said the ecosystem for SAF has developed but there is more work to be done.

GST Council Meeting Live Updates: Union Finance Minister Nirmala Sitharaman is chairing the 55th meeting of the Goods and Services Tax (GST) Council which is underway in Jaisalmer of Rajasthan on Saturday.The participants in the meeting include the Minister of State for Finance, Pankaj Chaudhary, Chief Ministers of Goa, Haryana, Jammu and Kashmir, Meghalaya and Odisha.The Deputy Chief Ministers of Arunachal Pradesh, Bihar, Madhya Pradesh, Rajasthan and Telangana are also present in the meeting along with the Finance Ministers of States/UTs, Secretary of Department of Revenue, Chairmen and Members of Central Board of Indirect Taxes & Customs (CBIC) and other senior officials of the Finance Ministry.GST Council Meeting Live Updates: The Deputy Chief Ministers of Arunachal Pradesh, Bihar, Madhya Pradesh, Rajasthan and Telangana are also present in the meeting along with the Finance Ministers of States/UTs, Secretary of Department of Revenue, Chairmen and Members of Central Board of Indirect Taxes & Customs (CBIC) and other senior officials of the Finance Ministry.GST Council Meeting Live Updates: Finance Minister Nirmala Sitharaman on Saturday said that states did not agree on bringing aviation turbine fuel under the ambit of Goods and Services Tax."States did not feel comfortable.

For air travellers in India, 2024 turned out to be a year of turbulence — both in the skies and on the ground. From hoax bomb threats that forced emergency landings to passengers stranded on tarmacs without basic amenities, and infrastructure failures at key airports, flying often felt like a test of patience rather than a convenience. As fares soared and chaos sustained, India’s aviation sector did unlock milestones but at the same time, the industry grappled with challenges that left travellers frustrated.

InterGlobe Aviation (IndiGo) and SpiceJet are likely to remain in focus today as the government, in its 55th GST Council meeting, may consider bringing ATF under the GST's ambit. As ET reported earlier, the 55th GST Council meeting is likely to discuss the possibility of bringing aviation turbine fuel (ATF) under the Goods and Services Tax (GST) regime, a significant development for the aviation sector.

Air India on Thursday placed an order for 34 trainer aircraft as it prepares to start training of cadet pilots at South Asia’s largest Flying Training Organisation (FTO) coming up in Amravati, Maharashtra by the second half of 2025, post regulatory approvals. The order includes 31 single-engine aircraft from Piper Aircraft in the United States and 3 twin-engine aircraft from Diamond Aircraft in Austria. ALSO READ: Air India announces special discounts & benefits for students; check details

SpiceJet rallied 7.8% to an intraday high of Rs 60.70 on the BSE on Thursday after the company announced that it has settled its over $16 million dispute with Genesis. As part of the agreement, SpiceJet will settle $6 million with Genesis, while Genesis will invest $4 million in SpiceJet equity at a valuation of Rs 100 per share.

Genesis and have resolved a $16 million dispute. Under the settlement, SpiceJet will pay Genesis $6 million and Genesis will acquire $4 million in SpiceJet equity at a price of Rs 100 per share. The agreement will result in a significant saving for the airline as it navigates a path toward long-term growth.

Subscribe to enjoy similar stories. In a marketplace where even the simplest code can signal brand identity, low-cost airline IndiGo’s tussle with automaker Mahindra and Mahindra over “6E" poses a fundamental question: when does a combination of letters and numbers stop being generic and become proprietary brand turf? At first glance, the dispute seems unusual. IndiGo, India’s largest airline, uses 6E as its call sign, a unique identifier in aviation.

Airbus has picked up over 650,000 sq ft office space in a commercial tower in Bengaluru’s Whitefield through a long-term lease of 10 years to set up its global capability centre (GCC), supporting innovation and technology development-related strategic initiatives worldwide, said persons with direct knowledge of the development. The European multinational company will be paying rentals of over Rs 500 crore for this new office space in an entire building of Titanium Tech Park through the lease term. The deal has provision for future scalability to accommodate growth with an additional 150,000 sq ft that can be exercised after a year, taking the total space to 800,000 sq ft. The clause for lease tenure also includes an option to extend the same by an additional five years, making it a 15-year deal.

Indian tourism sector is expected to double in size to USD 523 billion in the next 10 years, according to World Travel and Tourism Council (WTTC) President and CEO Julia Simpson. WTTC works with governments on issues of the travel and tourism industry, and is the global authority on the economic and social contribution of the sector. «The travel and tourism sector employs 45 million people in India, and is going to double in its value. In 10 years, the sector is going to be worth USD 523 billion in India, more than double the present size of USD 256 billion,» Simpson told PTI in an interview. «In 10 years, the tourism sector in India will be providing jobs to 63 million people,» she said.

Rammohan Naidu on Friday unveiled the centenary celebrations logo of Netaji Subhash Chandra Bose International Airport (NSCBI Airport) in Kolkata. «Kinjarapu Rammohan Naidu, Hon'ble Union Minister of Civil Aviation has unveiled the official logo to mark 100 years of glorious service of Netaji Subhash Chandra Bose International Airport (NSCBI Airport), Kolkata today,» as per an official release. The logo launch event was graced by Vumlunmang Vualnam, Secretary, MoCA; Vipin Kumar, Chairman, Airports Authority of India (AAI) and other senior officials of MoCA and AAI.

A handful of investors — including Spain’s Ferrovial SE and Canada’s Caisse de dépôt et placement du Québec — have sold down their holdings in the company that controls London’s Heathrow Airport in a transaction valued at £3.3 billion.

The popularity of drones has exploded in recent years, as small unmanned aircraft have become cheap enough for many hobbyists to buy

Noida International Airport (NIA) in Uttar Pradesh. The total CISF manpower sanctioned for providing a counter-terrorist cover to the two upcoming airports is 2,870. The sanction of the Central Industrial Security Force (CISF) manpower is for the first phase of operationalisation of the two airports. The force's strength will be enhanced once these airports finish phase II, sources said.

Subscribe to enjoy similar stories. Imagine this: it’s 2015, and India’s largest airline by domestic market share—IndiGo, holding nearly 35%—is preparing for its initial public offering (IPO). But this isn’t just any IPO; it’s one backed by a profitable airline boasting a rare 10% net profit margin.

Boeing is resuming production of its bestselling plane, the 737 Max