Aviat Financial News

Iowa regulators have approved a controversial carbon dioxide pipeline for transporting emissions of the climate-warming greenhouse gas for storage underground

manufacturing giant Boeing is facing a huge crisis, having received orders for only four new planes in May. Orders for its once-best-selling 737 Max have almost dried up since an incident in January, in which the side panel of an Alaska Airlines aircraft blew out mid-air. The crisis, however, was not entirely unexpected.

New Delhi, India, June 26, 2024: Shankh Air, poised to become the first scheduled airline in Uttar Pradesh, is advancing its launch initiatives and awaiting final NOC from Ministry of Civil Aviation. Recently, Chairman Sharvan Kumar Vishwakarma had a pivotal meeting with Honorable Minister of Civil Aviation Shri Kinjarapu Rammohan Naidu and deliberated on the airline's strategic direction and forthcoming developments as a Full Service Start Up Airline.

InterGlobe Aviation Ltd. slipped 0.1 per cent to Rs 4232.15 in Wednesday's trade as of 11:42AM (IST). The stock hit a high price of Rs 4265.7 and low of Rs 4227.05 during the session.

revision of goods and services tax (GST) rules is likely to bring relief for India’s aircraft maintenance and repair industry which has for long been trying to take advantage of the booming aviation market in India. Last week, the 53rd GST council recommended a uniform 5% tax on imports of parts, components, testing equipment, tools and toolkits of aircraft, irrespective of their HSN code. HSN, or Harmonised System of Nomenclature, is an internationally acceptable numerical code used to classify products for taxation purposes.

Click here for Lok Sabha Session LIVE UpdatesThe NDA, which has 293 MPs in the 543-member Lok Sabha, enjoys a clear majority. The Opposition bloc has 234 legislators in the lower House of Parliament.With numbers in favour of the NDA, Om Birla is set to become the Lok Sabha Speaker for a second term.

InterGlobe Aviation Ltd. traded 1.42 per cent down at Rs 4253.2 on Tuesday at around 11:46AM (IST), while the benchmark BSE Sensex advanced 195.37 points to 77536.45. As many as 6,868 shares changed hands on the counter with a total value of Rs 2.94 crore.

Lok Sabha witnessed a display of linguistic diversity on Monday, with the newly-elected MPs taking their oaths in English and Indian languages, including Sanskrit, Hindi, Dogri, Bengali, Assamese and Odia. Prime Minister Narendra Modi took his oath in Hindi amid slogans of «Jai Shri Ram» from the treasury benches. Union Home Minister Amit Shah, Defence Minister Rajnath Singh, Road Transport and Highways Minister Nitin Gadkari, Women and Child Development Minister Annapurna Devi, Telecom Minister Jyotiraditya Scindia and Urban Development Minister ML Khattar were among those who took oath in Hindi. Education Minister Dharmendra Pradhan, the MP from Odisha's Sambalpur, took oath in Odia.

InterGlobe Aviation Ltd. traded 0.39 per cent up in Monday's trade at 11:26AM (IST). Around 16,651 shares changed hands on the counter. The stock opened at Rs 4309.9 and touched an intraday high and low of Rs 4333.95 and Rs 4268.0, respectively, in the session so far. The stock of InterGlobe Aviation Ltd. quoted a 52-week high of Rs 4610.0 and a 52-week low of Rs 2334.95.

China says it has banned a number of business units of American aviation maker Lockheed Martin Corporation and three of its executives over arms deals with Taiwan, the self-ruling island it claims as its own territory

NASA astronauts Barry 'Butch' Wilmore and Sunita Williams, have to wait for some time to return home as they are still stranded on the International Space Station while NASA is trying to leave no stones unturned in bringing them back home. However the timeline for their return has once again seen a glitch from the top space agency. According to The Telegraph's report, NASA has mentioned that more time is required to review the spacecraft that is responsible for bringing them back home as the thruster malfunction it was facing has still not been entirely resolved. Moreover, the spacecraft has reportedly seen helium leaks, that is primarily causing the delay in the first place, says USA Today.

Finance Minister Nirmala Sitharaman on Saturday said the intention of the central government has always been to bring petrol and diesel under GST, and it is now up to the states to come together and decide on the rate. She said a provision has already been made by former Finance Minister Arun Jaitley by including petrol and diesel into GST law. What is remaining is for the states to come together to discuss and decide on the rate of the levy. «The intention of the GST, as was brought in by former Finance Minister Arun Jaitley, was to have petrol and diesel in GST. It is up to the states now… to decide on the rate. The intent of my predecessor was very clear, we want petrol and diesel to come into GST,» Sitharaman said. When GST was introduced on July 1, 2017, amalgamating over a dozen central and state levies, five commodities — crude oil, natural gas, petrol, diesel, and aviation turbine fuel (ATF) — were included in GST law but it was decided that it would be taxed under GST at a later date.

 Jack Otter and the panel discuss the downfall of Southwest Airlines’ popularity and how they could turn it around on ‘Barron’s Roundtable.’

“We expect the NDA government to sustain focus on capex-led growth around PLI, Roads, Ports, Aviation, Defence, Railways, and Green energy, given a 20 bps lower fiscal deficit in FY24 (Than RE), normal monsoons, and Rs 2.1 lakh crore dividend from RBI,” says Amnish Aggarwal, Director — Institutional Research, Prabhudas Lilladher. In an interview with ETMarkets, Aggarwal said: “We believe a progressive budget, normal monsoons, and strong inflows will further re-rate markets,” Edited excerpts:

YES Bank, Aster DM Healthcare, ONGC, IndiGo, Bank of Baroda among others will be in focus due to various news developments. YES Bank The Board of YES Bank will meet on June 25 to consider and approve a fundraising proposal through issuance of debt instruments.

Federal officials are investigating an incident in which a piece of engine cover lining fell off a United Airlines plane that was taking off in Connecticut

Federal officials are investigating a Southwest Airlines flight that swooped low enough to trigger a low-altitude alert while it was still nine miles away from the airport in Oklahoma City

IndiGo on Thursday said it has partnered with Garuda Aviation Academy to train fresh pilots as future junior first officers, under the airline's Cadet Pilot Program. The 21-month course includes a three-month ground schooling at Garuda Aviation Academy training centre in Gurugram, followed by 12 months of training at 43 Air School in South Africa, which has a track record of training over 6,000 ab-initio pilots over the years, IndiGo said. Over the last 13 years, the airline said, it has formed eight such partnerships and inducted over 1,000 pilots through these full training programmes, including commercial pilot licence and A320 type rating, the airline said. These courses start right from cadet selection to induction into the airline as a pilot, according to the airline.

Tesla annual shareholder meeting with Elon Musk, the man at the centre literally stood out as much in his black t-shirt and four-pocket tan grey safari jacket as much for the bigger battle of perception he had just won. Musk Black has always been his favoured colour. It accentuates his Roaring Twenties ‘Armani black suit-iridium white shirt’ power chic, as well as casual t-shirt and sheepskin aviator flying jacket look. The two blacknesses are complementary, lying outside the frivolous binary of formal-informal other 21st businessmen seem to insist on flaunting. ‘Women think of all colours except the absence of colour. I have said that black has it all. White too. Their beauty is absolute. It is the perfect harmony,’ is how Coco Chanel saw the ying and yang of couture colours. To think that Musk, Texan and as un-Coco as Coca-Cola can get, is blind to such aesthetics is to make a cardinal error in both business chic and powerplay of taste.

Delhi to Bagdogra was delayed due to high ground temperatures, which affected flight operations at Indira Gandhi International Airport in Delhi. This has resulted in delays as safety guidelines are followed, sometimes requiring flights to wait for wind speeds to stabilize. A senior official from the Ministry of Civil Aviation told ANI that that high temperatures cause the air to become thin, impacting the lift required for aircraft to take off, especially during takeoff and initial climb. This can also cause mid-air turbulence for passengers. In extreme weather conditions like high temperatures and high winds, aircraft only proceed after getting clearance from Air Traffic Control (ATC). To mitigate the effects of high temperatures, airlines may adjust operations by reducing fuel or baggage, and in some cases, even offloading passengers.

India's aviation regulator, Directorate General of Civil Aviation (DGCA), on Wednesday issued an advisory circular focusing on gender equality within the sector. The circular, called “Gender Equality in Civil Aviation Sector”, was issued in line with the principle of gender equality that is enshrined in the Constitution of India and ICAO’s vision for promoting equal opportunities to achieve gender equality in aviation. With this move, the DGCA aims to increase the number of women in various positions to a desirable representation of 25 per cent by 2025 within the aviation industry in India, said the circular.