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Toyota is investing another $500 million in Joby Aviation as part of a partnership aimed at helping get the American air taxi company’s commercial business off the ground

Tata Sons, the owner of Air India, has urged the carrier's management to proceed cautiously with the airline's ongoing merger with Vistara to avoid alienating the latter's loyal customer base. The merger is due to take effect November 12. The seamless integration of both the brands and continuity of Vistara's service standards for all its consumers unaware of the integration of the Tata Group's aviation business was a key point during an Air India meeting last Thursday. «There is this huge quality expectation from consumers after the Tatas acquired Air India. Vistara was always seen as offering superior brand experience to Air India and after the merger, Vistara consumers should not feel dissatisfied ,» said an official close to the matter. «Vistara employees have also been edgy about merging into the Air India system. Hence, there is this anxiousness that it should be a seamless merger that has no impact on the ground for consumers.»

airline operators Spicejet and InterGlobe Aviation-operated IndiGo surged by 6% and 2.2% respectively on the BSE after the prices of the aviation turbine fuel (ATF) were slashed by 6%. The shares of SpiceJet went as high as Rs 68.50 while those of IndiGo surged to Rs 4,896.

Subscribe to enjoy similar stories. New Delhi: The government is likely to allow sops for research & development and manufacturing under a new productivity-linked incentive policy for drones that is being discussed within the government, two people told Mint. The original proposal was to provide incentives for testing, R&D and manufacturing.

GE Aerospace plans to boost component sourcing from India as the aviation sector in the country expands. GE Aerospace already operates a manufacturing facility in Pune and the John F Welch Technology Centre in Bengaluru. The company currently partners with 13 major suppliers, including Tata Advanced Systems Ltd (TASL). Mahendra Nair, Group Vice President for Commercial Programs at GE Aerospace, mentioned the growing importance of India's role in their supply chain. Nair told PTI in an interview that, «We have got some very capable companies in India with the right engineering talent, the right production footprint and as long as they can meet the technical standards that we are looking for, it is only upside and it is going to grow.» Nair added, «India is a market that is going to grow and that makes sense for us to continue sourcing more from India.»

Wright Brothers National Memorial's First Flight Airport, the National Park Service said. The crash occurred at 5 pm on Saturday as, according to eyewitnesses, the airplane was trying to land at the airport, the park service said in a news release. The airplane caught fire after the crash, the park service said. The Kill Devil Hills Fire Department and other local fire departments put out the fire. The airport is closed until further notice, the park service said.

fossil fuels in electricity generation in India will end by the end of the decade said Reserve Bank of India in its latest report. The report also noted that the renewable energy is expected to cross 50 per cent share in electricity generation globally. It added that the energy transition has accelerated in recent years, with the pace of clean technology deployment and capital investment surging to record levels. «The era of fossil fuels' dominance is coming to an end, with renewables expected to cross 50 per cent share of electricity generation globally by the end of this decade» said RBI.

Subscribe to enjoy similar stories. New Delhi: The Supreme Court of India is set to rule on the powers of the Airports Economic Regulatory Authority (AERA) to regulate tariffs for non-aeronautical services, a decision that could affect the charges that passengers pay for airport facilities and flying.

Federal safety investigators are making urgent recommendations to Boeing and the Federal Aviation Administration to prevent certain 737s from veering off the runway after landing

Promoters continue to cash in on the market rally, with those of about 180 companies selling stock worth more than ₹40,000 crore through open market transactions in the September quarter so far, indicating that valuations are rich enough for owners to lock in gains on part of their equity holdings. For the year to date, the value of shares sold by promoters via secondary market has already crossed ₹1 lakh crore. That's more than twice in all of 2023, when the amount stood at ₹48,000 crore. In 2022 and 2021, the numbers were ₹25,400 crore and ₹54,500 crore, respectively.

Boeing is giving the union for 33,000 striking workers more time, but it still wants a vote on its latest contract proposal

Subscribe to enjoy similar stories. NEW DELHI : India is advancing its efforts to transform smaller towns into aviation hubs, with plans to establish 29 greenfield airports across underserved regions over the next two decades—a first of its kind on this scale. The Airports Authority of India (AAI) has completed feasibility studies for 10 such airports, aiming to link smaller towns with global air routes, two officials aware of the development told Mint.

SpiceJet on Tuesday announced that it has resolved its dispute with Engine Lease Finance Corporation (ELFC) through a settlement. ELFC, which had previously claimed $16.7 million, has agreed to settle for an undisclosed amount, which is lower than the initial claim. The representatives of both parties will now formalise the settlement agreement, with a view to withdrawing all ongoing litigation and ending disputes between them, the airlines company informed the exchanges This settlement marks a significant step in SpiceJet’s ongoing efforts to streamline its operations and focus on future growth.

Pune airport to Jagadguru Sant Tukaram Maharaj Airport. The decision was taken in a cabinet meeting and the proposal will be sent to the Centre. Minister of State for Civil Aviation and Cooperation, Murlidhar Mohol, while announcing the decision said, Jagadguru Sant Tukaram Maharaj was born in Lohgaon, where Pune International Airport is located. Not only this, Tukaram Maharaj spent his childhood in Lohgaon, so Lohgaon and Tukobarai have a close relationship, he wrote in a post on X. «Therefore, we have submitted this proposal to the state government along with the wishes of the villagers and all the warkari community in Maharashtra. Moreover, Tukobaraya contributed greatly to the propagation of Bhagwat Dharma through Varkari Sampradaya and gave a new thought to the society, which is relevant even today. Therefore, giving Tukobaraya's name to the International Insurance Association of Pune is a very joint feeling.»

SpiceJet has received a near-term tailwind with institutional investors lapping up its Rs 3,000 crore share sale. Foreign investors who have been allotted shares under the airline's Qualified Institutional Placement (QIP) include big names such as Goldman Sachs, Morgan Stanley, Societe Generale, Nomura Singapore and Discovery Global Opportunity (Mauritius) Ltd. The QIP was oversubscribed with 87 Indian and international institutions subscribing to the issue. In addition to the Rs 3,000 crore raised through its QIP, SpiceJet will also receive an additional Rs 736 crore from the previous funding round, further boosting its financial stability and growth plans. Why are big investors betting on recovery of SpiceJet despite the airline struggling with a wide range of issues from aircraft leases to staff salaries? Investors not only hope that SpiceJet is resilient enough to survive its manifold crisis but also consider the growth prospects of India's aviation sector. Also Read: SpiceJet shares rally 6% after Rs 3,000 crore QIP attracts marquee investors

Subscribe to enjoy similar stories. American Airlines Capt. Dan Carey knew his cockpit equipment was lying to him when an alert began blaring “pull up!" as his Boeing 777 passed over Pakistan in March—at an altitude of 32,000 feet, far above any terrain.

Air India, now owned by the Tata Group, has embarked on a transformative five-year plan and a lot is going on. The airline is making billions-worth of investments in new aircraft, upgrading IT systems, revamping internal processes, and enhancing the consumer experience to shed its legacy image, ToI reported. “To transform an organisation which needed large investments both in terms of the infrastructure, people, processes, in every possible area and to build it up and bring it to this level and to continue to work towards building it to a world class airline is a tough and interesting journey… but we are moving at a very good pace,” said Rajesh Dogra, Chief Customer Experience Officer at Air India. After Tata Group acquired Air India in 2022, the first year focused on fixing the basics to meet customer and industry expectations. Dogra said, «The idea is to transform it from a legacy organisation which has had several issues into a new world class airline. A lot of focus was put on training programmes, recruitment.»

K Rammohan Naidu on Monday highlighted the need for developing the area of aviation psychology as well as robust stress and fatigue management systems for the safety of aircraft operations. Ensuring continued safety is a collective responsibility as human factors are contributors to aircraft accidents, he said. The minister was speaking at the national seminar on Human Factors in Aircraft Accidents organised by the Aircraft Accident Investigation Bureau (AAIB) in the national capital. Safety measures need to keep pace with the Indian aviation sector's rapid growth, Naidu said and called for continuous skilling and upskilling of people.

SpiceJet aims to have 100 aircraft by the end of 2026, its chairman and managing director Ajay Singh said, a day after the low-cost airline raised Rs 3,000 crore (about $360 million) through selling new shares. «SpiceJet is an airline that has strong fundamentals but was hamstrung by two black swan events one after the other — the worldwide grounding of Boeing 737 Max, followed by Covid pandemic,» Singh told ET in an interview. «But we have all the infrastructure ready to become a 100-strong fleet again… We have the airport slots, international traffic rights, pilots and crew, as well as the maintenance infrastructure,» he said.

Subscribe to enjoy similar stories. If Elon Musk becomes chief red-tape cutter in a second Trump administration, he is already giving a taste of what’s to come. His recent comments suggest the Federal Aviation Administration and Environmental Protection Agency would be where he directs scrutiny if he is put in charge of leading Donald Trump’s government efficiency commission, tasked with reducing government and regulations.

Elon Musk is in conflict with the Federal Aviation Administration (FAA), which recently levied a fine of $633,009 against SpaceX for allegedly violating licensing regulations during two launches in 2023. According to the FAA, SpaceX utilized an unauthorized launch control room during the PSN SATRIA mission on June 18 and failed to conduct a required T-2 hour poll for another mission in May. FAA Chief Counsel Marc Nichols stated, “Safety drives everything we do at the FAA, including a legal responsibility for the safety oversight of companies with commercial space transportation licenses. Failure of a company to comply with the safety requirements will result in consequences."