Aviat Financial News

30.06 / 14:47
Aviat Airlines reports Department recommendations International Delhi airport roof collapse: L&T issues clarification as probe starts
Terminal 1 (T1) of Delhi Airport when a canopy in the old departure forecourt collapsed during heavy rainfall, resulting in one fatality and injuries to several others. Larsen & Toubro (L&T), in response to the incident, expressed condolences to those affected and clarified that the company did not construct the collapsed structure nor were they responsible for its maintenance.
30.06 / 14:21
Provident Aviat Airlines Death information reports International Technical study of Delhi airport's T1 likely to be completed in 1 month: Official
Delhi airport's now shut Terminal 1 (T1) is expected to be completed in a month and depending on the findings, the decision will be taken on recommencing operations at the terminal, a senior government official said on Sunday. All flights from T1 have been shifted to Terminal 2 (T2) and Terminal 3 (T3), and all of them were being operated, the official told PTI.
30.06 / 08:07
markets Aviat CEO Airlines Boeing Food International Aviation market big enough for Akasa Air to succeed, says CEO Vinay Dube
Akasa Air spreads its wings on domestic and international routes, the less-than-two-year-old airline's chief Vinay Dube has said he does not think about competition in encouraging or discouraging terms, as the aviation market is «big enough for us to succeed». The carrier, which took to the skies in August 2022, currently has a fleet of 24 Boeing 737 MAX planes and operates more than 900 flights weekly.
29.06 / 04:03
Aviat Airlines Boeing Justice show Department Investigations Boeing in talks with US Department of Justice to resolve charges over safety lapses
Boeing Co. is in talks with the US Justice Department to resolve potential charges stemming from two fatal crashes of its 737 Max jetliners, according to people familiar with the negotiations. The settlement could be announced as soon as next week and is expected to include imposing a corporate monitor on the world’s second-largest planemaker, according to the people, who asked not to be identified disclosing confidential discussions. DOJ prosecutors want to bring charges against Boeing, but it isn’t clear if the company will agree to plead guilty, the people said. The talks center on the 2021 deferred-prosecution agreement struck between Boeing and the DOJ in the waning days of the Trump Administration, after two crashes that killed 346 people. Some family members of the victims have urged the government to file criminal charges, which could help them bring lawsuits against the company.
29.06 / 02:47
Provident Aviat Airlines War reports prevention evacuation Proactive measures initiated after Delhi airport canopy collapse incident, says Aviation minister Ram Mohan Naidu
Delhi Airport’s Terminal 1 due to heavy rains, Civil Aviation Minister Ram Mohan Naidu detailed measures to assist passengers and ensure safety. The incident led to one death and multiple injuries. The meeting resulted in the establishment of a 24x7 war room monitored by MoCA to oversee passenger assistance. The war room is tasked with ensuring full refunds or alternative travel arrangements for affected passengers within seven days. Helpline numbers were provided for IndiGo and SpiceJet passengers at T2 and T3 terminals, along with contact details for immediate assistance. All refund ought to be processed within a stipulated time of seven days. Contact details including phone numbers will be shared with passengers for immediate assistance. The War Room Helpline numbers for IndiGo are:
29.06 / 02:47
Aviat Airlines Metro Discover reports prevention Investigations Delhi Airport Terminal Collapse: Operations halted at T1, at least 130 flights canceled
Delhi Airport's Terminal 1 collapsed due to heavy rainfall, leading to an indefinite suspension of operations. Approximately 128 flights were canceled, and all activities were shifted to Terminals 2 and 3. «Flights to and from Terminal 1 have been closed till further notice,» said the aviation ministry. On average, about 200 flights of IndiGo and SpiceJet operate from T1. IndiGo has the larger share of flights. All arrivals and departures have been moved to T-2 and T-3. The shuttle service from Delhi Aerocity Metro station to Terminal 1-IGI Airport has also been suspended.
29.06 / 00:25
Aviat Experts country reports Department International 1 dead, 6 injured as roof collapses at Delhi Airport; Terminal 1 sees 123 flight cancellations
Delhi airport's Terminal 1 collapsed amid record rain early Friday morning as the monsoon swamped the national capital region. The tubular structure crushed cars, including cabs, as it came down, shutting off entry into the building and leaving passengers stranded. Flights to and from the terminal at the Indira Gandhi International Airport, one of the busiest in the world, were cancelled, civil aviation minister Ram Mohan Naidu Kinjarapu told reporters after inspecting the airport. T1 is used for the domestic flight operations of IndiGo and SpiceJet, handling about 1,400 movements daily. In total, 123 flights were cancelled.
28.06 / 17:07
UPS Provident Aviat Airlines War country Govt orders inspection of structural strength of all airports
civil aviation ministry on Friday ordered a thorough inspection of the structural strength of all airports in the country, following the roof collapse incident at the Delhi airport that left one dead and at least six persons injured. Following the incident that happened at around 5 am on Friday at Terminal 1, the operations at the terminal have been suspended and the flights that are to operate from there have been shifted to T2 and T3. Sources in the know said that more than 100 flights that were to be operated from T1 have been cancelled by IndiGo and SpiceJet. At a review meeting convened by Civil Aviation Minister K Rammohan Naidu, it was also decided that a 24x7 war room will be set up for efficient management of passengers at T2 and T3.
28.06 / 17:07
Citi Aviat Platform security Remark President innovations Indian Navy bids farewell to UH-3H helicopter after 17 years of service
Indian Navy on Friday bid adieu to UH-3H helicopter — a versatile platform that has played a crucial role in humanitarian assistance and disaster relief operations — after 17 years of glorious service, officials said. The de-induction ceremony was held at INS Dega, Visakhapatnam. The event was presided by Vice Admiral Sameer Saxena, Chief of Staff, Eastern Naval Command. Veteran officers and sailors of the UH3H squadron graced the event with families reminiscing the yeoman service of the helicopter. The UH-3H helicopter will be replaced by Sea King 42C helicopter at INAS 350 to continue and deliver operational power and capability, a spokesperson of the Navy said in a statement.
28.06 / 15:09
Aviat Waters President reports recommendations International Delhi Airport Terminal 1 roof collapse sheds light on its history with rain disasters
rainfall in the capital on Friday, the roof of Terminal 1 at the Indira Gandhi International Airport collapsed, resulting in one fatality and six injuries. This incident has sparked a blame game between the Modi government and the opposition. Political Accusations Amid Tragedy Following the collapse, Congress President Mallikarjun Kharge blamed «corruption and criminal negligence» during the Modi government's tenure for the infrastructure failure.
28.06 / 13:29
Aviat Remark WhatsApp Death country donates Delhi Airport accident: Congress cites 17 incidents from Ram Mandir to Morbi bridge to attack Modi, BJP hits back
Congress chief Mallikarjun Kharge blaming Prime Minister Narendra Modi for inaugurating the faulty structure, though Union Civil Aviation Minister Ram Mohan Naidu clarified that the collapsed portion was part of an older structure built in 2009. Mallikarjun Kharge claimed that corruption and criminal negligence were responsible for the canopy collapse and criticized the Prime Minister for failing to create «world-class infrastructure.» He pointed out several past incidents to support his argument. «Corruption and criminal negligence are responsible for the collapse of shoddy infrastructure falling like a deck of cards, in the past 10 years of Modi Govt,» Kharge wrote on X. «Delhi Airport (T1) roof collapse, Jabalpur Airport roof collapse, abysmal condition of Ayodhya's new roads, Ram Mandir leakage, cracks in Mumbai Trans Harbour Link road, 13 new bridges falling in Bihar in 2023 & 2024, Pragati Maidan Tunnel submerging, Morbi bridge collapse tragedy in Gujarat,… are some stark instances which expose the tall claims by Modi ji and BJP of creating 'World Class Infrastructure'! On March 10th, when Modi ji inaugurated the Delhi Airport T1, he called himself 'Doosri mitti ka insaan… All this false bravado and rhetoric was only reserved for quickly indulging in ribbon-cutting ceremonies before elections!»
28.06 / 13:29
Aviat Action Airlines WhatsApp Ensure there is no abnormal surge in airfares for Delhi flights, govt tells airlines
civil aviation ministry on Friday asked airlines to ensure that there is no abnormal surge in airfares for flights to and from the national capital amid suspension of operations at Delhi airport's Terminal 1 following the roof collapse incident. On Friday at around 5 am, a canopy at the old departure forecourt of the Terminal 1 (T1) partially collapsed, an incident that left one person dead and at least six others injured. With the T1, which handles domestic flight operations of IndiGo and SpiceJet, being shut, there have been flight cancellations and operations have been shifted to T2 and T3 temporarily. Against this backdrop, a senior official on Friday said the ministry has asked airlines to ensure that there is no abnormal surge in airfares for flights to and from Delhi.
28.06 / 13:21
Citi Aviat Waters show reports Traffic International Delhi rains: Workers trapped after wall collapses in Vasant Vihar; waterlogging, traffic snarls in city amid heavy downpour
Delhi and the National Capital Region experienced continuous rainfall accompanied by thunderstorms and lightning on Friday. The heavy rain led to traffic snarls and roadblocks. An under-construction wall collapsed in the Vasant Vihar area entrapping a few workers underneath, ANI reported.
28.06 / 12:15
Aviat Airlines Inside hospital reports Department International Days after heatwave, intense rain causes roof collapse at New Delhi airport, killing 1 person
Part of a departure terminal canopy at New Delhi’s main airport has collapsed as monsoon rains lashed the Indian capital, killing one person and injuring six others
28.06 / 11:25
UPS Aviat Waters Parke reports travelers Part of canopy collapses at Jabalpur Airport, crushes car parked underneath
A part of a fabric canopy on the premises of the Dumna airport in Jabalpur collapsed on Thursday due to the accumulation of water amid heavy rains and crushed a car parked below.
28.06 / 05:39
Aviat Election WhatsApp President Criminal negligence responsible for shoddy infrastructure: Congress on Delhi airport roof collapse
Congress on Friday hit out at the Modi government over the Delhi airport roof collapse, saying "corruption" and "criminal negligence" is responsible for the shoddy infrastructure created in the last 10 years. One person died and six were injured after a portion of the roof of the Delhi airport's Terminal-1 collapsed on cars, including taxis, amid heavy rain early Friday, leading to suspension of flight departures. Civil Aviation Minister K Rammohan Naidu said he was monitoring the situation and the injured had been hospitalised. «Corruption and criminal negligence is responsible for the collapse of shoddy infrastructure falling like a deck of cards, in the past 10 years of Modi Government,» Congress president Mallikarjun Kharge said in a post on X..
28.06 / 05:39
markets UPS Aviat Experts Diversity reports Global carbon removal market could reach $100 billion/yr from 2030-35, report says
carbon dioxide (CO2) removal credits could reach up to $100 billion a year between 2030 and 2035 from $2.7 billion last year if barriers to its growth are addressed, a report by management consultancy Oliver Wyman said on Thursday. Worsening climate change and inadequate efforts to cut emissions have led U.N. scientists to estimate billions of tons of carbon must be removed from the atmosphere annually by using nature or technology to meet global climate goals. Demand for credits has begun to increase from sectors as diverse as technology and finance, chemicals and aviation but it’s not yet large enough to drive the scale of projects that experts say are needed, the report by Oliver Wyman, the City of London Corporation and the UK Carbon Markets Forum said.
28.06 / 05:03
Aviat Airlines Remark Boeing information Investigations NTSB says Boeing could lose 737 MAX probe status if it violates rules again
Boeing on Thursday it could lose its status as a party to the probe into a 737 MAX mid-air blowout after it violated rules by providing non-public information to media and speculating about possible causes. In a letter sent to Boeing CEO Dave Calhoun late on Thursday, NTSB Office of Aviation Safety Director Timothy LeBaron said an executive's comments this week during a factory tour attended by dozens of journalists «released non-public investigative information and made unsubstantiated speculations about possible causes of the Jan. 5 door plug blowout.» LeBaron said the NTSB had considered removing Boeing as a party to the probe and added further infractions could lead to Boeing losing its party status, which would bar it from participating in the investigation.
28.06 / 01:43
Dash Aviat Airlines Enterprise Metro travelers Destinations Air India eyes regional aviation space in challenge to IndiGo
₹18,000 crore as the airline's enterprise value. As a result, it acquired 100% stake in Air India, its subsidiary Air India Express and the entire 50% stake in ground and cargo handling joint venture Air India SATS. Among India's regional aircraft, SpiceJet has 21 De Havilland Canada Dash 8-400s, Alliance Air has a mix of 21 ATRs and one Dornier, and Indore-based Flybig has three de Havilland Canada DHC-6 Twin Otter aircraft.
27.06 / 09:43
markets Provident BLOCK Aviat Compilation Whirlpool show Promoters go on an encashment spree, raise ₹62,000 cr via stake sales in 2024
MUMBAI : Indian promoters have offloaded shares worth ₹62,000 crore in the first six months of 2024, the highest since 2019, showed data compiled by the markets data provider Prime Database. Promoters had raised 61,277 crore in the year-ago period. While promoters tend to go on an encashment spree during a bull run, this time most of them have sold their stakes at significant discounts to the previous day’s closing price.
26.06 / 21:43
Man Aviat Manufacturing Analysis Boeing Department Investigations A mechanic for a Boeing subcontractor says he was fired after complaining about poor repair work
A mechanic for a Boeing subcontractor claims he was fired after complaining about poor repair work on planes in a Boeing factory near Seattle

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