Aviat Financial News

Federal investigators say a lack of proper planning probably caused a deadly crash of World War II-era military planes at a 2022 air show in Texas

Subscribe to enjoy similar stories. Foreign institutional investors (FIIs) have been pulling out crores of rupees from the Indian markets for a few months now. Between October and November, the FII outflow was more than ₹1.5 trillion – one of the biggest ever.

CISF has set up a quality control unit to «enhance» the «operational efficiency» of its aviation security wing that provides a counter-terrorist cover to 68 civil airports of the country. An spokesperson for the paramilitary force said on Saturday that the Internal Quality Control Unit (IQCU) will play a «crucial» role in establishing «world-class» security procedures and technology for the airports that are used by lakhs of domestic and international passengers every day. The initiative is in compliance with the National Civil Aviation Security Quality Control Programme (NCASQCP) of 2024 issued by the Bureau of Civil Aviation Security (BCAS) and the Aircraft (Security) Rules of 2023, he said. The BCAS, under the civil aviation ministry, frames security policies for the Indian civil aviation sector.

Aircraft Act, 1934 and provides for manufacture and maintenance in the aviation sector, remove redundancies and for ease of doing business. The Bharatiya Vayuyan Vidheyak, 2024, was passed after a reply to discussion by Civil Aviation Minister K Rammohan Naidu. Lok Sabha has already passed the bill. The minister answered queries of members on a range of issues including to rise in air ticket prices.

Pakistan’s state-run airline says it is preparing to resume direct flights to European countries early next month

An Austrian court has ruled that Ukrainian businessman Dymitro Firtash can’t be extradited to the U.S. in a long-running legal saga that centers on a corruption case related to an alleged plan to pay bribes in India

InterGlobe Aviation, which runs the largest airline IndiGo, on Tuesday moved the Delhi High Court alleging trademark infringement of its Air Transport Association code ‘6E’ by Mahindra Electric Automobiles. The airline accused the automaker of using the mark ‘6E’ in its upcoming electric sports utility vehicle (SUV) Mahindra BE 6e, which it claimed to be similar to its trademark ‘6E.’ Mahindra BE 6E, which has generated buzz for its unique design and tech loaded features, is expected to hit the roads in February next year. While Justice Amit Bansal recused himself from the hearing the case, senior counsel Sandeep Sethi informed the court that Mahindra had reached out to the airline on Monday and an effort was being made to discuss the matter.

Subscribe to enjoy similar stories. As part of the National Democratic Alliance (NDA) government’s objective of growing India’s civil aviation sector, the Airports Authority of India (AAI) has selected 150 small airports and airstrips to modernize and develop, to cater to the increasing air cargo and passenger traffic demand, said two people aware of the development.

Abu Dhabi Investment Office (ADIO) serves as a central entity in fostering economic growth and diversification in the emirate of Abu Dhabi. ADIO’s strategic emphasis on nurturing knowledge-based industries is the driving force behind Abu Dhabi’s aspiration to become a leading global center for innovation and sustainability.

Subscribe to enjoy similar stories. The Union government is working on a comprehensive package for the aviation sector involving lower user fees, relaxed regulations and tax concessions, three government officials aware of the development said. Federal think tank Niti Aayog is leading the initiative, holding consultations with the ministries of aviation, commerce, finance, home, petroleum and environment for the package, the people cited above said on the condition of anonymity.

Subscribe to enjoy similar stories. It’s peak wedding season in India and airlines and operators of charter jets are rejoicing with the honeymooners. India’s peak wedding season spans from November to March, aligning with a higher number of dates deemed auspicious for matrimonial alliances.

Directorate General of Civil Aviation (DGCA) has sent a notice to Akasa Air for failing to impart corrective training to a pilot who was responsible for a hard landing, according to people aware of the development. A hard landing occurs when an aircraft lands at a velocity beyond the manufacturer's permitted limit. DGCA rules mandate that after investigation is completed in such landings, the pilot should be sent for corrective actions like additional training in simulators. Sources cited above said that an Akasa Air flight from Bagdogra to Bengaluru was involved in a hard landing incident in March.

unmanned aerial vehicle (UAV) technology domain on Wednesday announced the successful delivery of a «one-of-its-kind» logistics drone to the Indian Army, aimed at enhancing its capabilities in challenging terrains. The Sabal 20 logistics drone has been manufactured by EndureAir Systems. The firm announced the «successful delivery of one-of-its-kind Sabal 20 Logistics Drone to the Indian Army», saying it marks a «significant milestone» in enhancing the logistics capabilities of the defence forces operating in challenging terrains, according to a statement issued by the company. The aviation technology company was incubated on the corridors of IIT-Kanpur in 2018, with the objective to provide world-class drone technology that is best suited for both defence and civilian applications, it said.

Airlines received 994 hoax bomb threats this year till November 13 and robust protocols are in place to handle such threats, the government has said. To deal with the menace of hoax calls in a comprehensive manner, the civil aviation ministry plans to amend the Suppression of Unlawful Acts against Safety of Civil Aviation Act, 1982, and Aircraft (Security) Rules, 2023. A total of 1,143 hoax bomb threat messages/calls were received from August 2022 till November 13, 2024, Minister of State for Civil Aviation Muralidhar Mohol informed Rajya Sabha on November 25.

domestic air passenger traffic grew 5.3 per cent to 1.36 crore in October from 1.26 crore in the same month last year, aviation regulator DGCA's monthly data showed on Tuesday. During the reporting month, budget carrier IndiGo carried 86.40 lakh passengers, clocking a market share of 63.3 per cent, followed by Tata Group-run Air India and Vistara, which flew 26.48- lakh and 12.43-lakh travellers, respectively. Air India numbers include the number of passengers flown by its low-cost arm Air India Express, as per data. Air India merged its subsidiary AIX Connect with its low-cost international budget arm Air India Express on October 1 this year. The merged entity named as Air India Express now operates as the low-cost arm of Air India.

Subscribe to enjoy similar stories. NEW DELHI : NTPC Green Energy Ltd (NGEL) is in talks with global airlines including British Airways, Lufthansa, Singapore Airlines, and Virgin Atlantic, among others, to secure deals for supplying sustainable aviation fuel (SAF). The cleaner aviation fuel will be supplied from NGEL's green hydrogen hub in Andhra Pradesh, which is yet to begin production, said a person familiar with the developments.

Air India is setting up an aircraft maintenance training institute in Bengaluru that will offer an integrated 2+2 years aircraft maintenance engineering (AME) programme certified by aviation regulator Directorate General of Civil Aviation (DGCA). The purpose-built basic maintenance training organisation (BMTO), spread over 86,000 square feet at Bengaluru Airport City, is expected to be operational by mid-2026, Air India said in a release. The country’s leading global airline group has signed an agreement with Bengaluru Airport City Ltd (BACL), a subsidiary of Bangalore International Airport Ltd (BIAL), to develop a build-to-suit facility for the AME programme that will feature modern classrooms, well-equipped laboratories for practical training and a team of qualified trainers.

Air India is set to launch a new Basic Maintenance Training Organization (BMTO) in Bengaluru. The new facility, which will offer a comprehensive 2+2-year Aircraft Maintenance Engineering (AME) program, is expected to be operational by mid-2026, the airline announced on Friday. The BMTO will be certified by the Directorate General of Civil Aviation (DGCA), India's aviation regulator. Air India has partnered with Bengaluru Airport City Limited (BACL), a subsidiary of Bangalore International Airport Limited (BIAL), to develop a purpose-built campus covering 86,000 square feet. This campus will feature modern classrooms, well-equipped laboratories, and qualified trainers.

«We expect the market to remain range-bound over the next three months and for a back-loaded recovery as growth picks up,» said Goldman in a client note. «While the structural positive case for India over the medium-term remains intact, we remain tactically neutral on India given slowing growth, high starting valuations and a less supportive domestic and external environment in the near-term.»

hoax bomb calls to airlines and such calls have reduced, a senior government official said on Thursday. Civil Aviation Secretary Vumlunmang Vualnam also said that procedures being adopted to deal with fog-related disruptions have been streamlined. To a query about hoax bomb calls, he said that authorities have tackled them successfully. A few weeks back, hundreds of flights had received bomb threat calls that later turned out to be hoaxes. These threats had significantly impacted flight operations of various domestic carriers.