Aviat Financial News

Farming and biofuels organizations are hopeful that ethanol could be used to power passenger jets, but making that dream a reality hasn’t been easy

Investigators say a Southwest Airlines plane suffered damage to parts of the structure after it went into a “Dutch roll” during a flight last month

New Zealand's fire service says a passenger plane landed safely after a fire shut down one engine shortly after takeoff from Queenstown on the South Island

The World War II mystery of what happened to a Finnish passenger plane after it was shot down over the Baltic Sea by Soviet bombers appears to finally be solved more than eight decades later

Colombia witnessed dramatic scenes when the pilot decided to take it back to the holding area to deboard two passengers. The two passengers included a 10-year old boy who refused to wear the seat belt and sit down and his father who was trying to control him. This resulted in a delayed take off leaving the passengers fuming. Latam Airlines 4049 was traveling on the Santa Marta to Bogota sector. The flight was delayed by an hour. This incident comes in the midst of various other flights across the world running into rough weather. The importance of the seat belt is back in the forefront of aviation safety.

Arunachal Pradesh Chief Minister Pema Khandu on Saturday distributed portfolios among his council of ministers, with his deputy Chowna Mein getting Finance and Mama Natung Home. The council of ministers was sworn in on Thursday. Deputy Chief Minister Chowna Mein will look after Finance, Planning and Investment departments besides, Tax & Excise, State Lotteries, Economics & Statistics, Power and Non-Conventional Energy Resources, an order issued by state Chief Secretary Dharmendra said. The important Home portfolio was allocated to Mama Natung, besides Inter-state Border Affairs, Public Health Engineering & Water Supply and Department of Indigenous Affairs.

Also Read | Samco baffled by post election rally; liked Jubilant Food, Metropolis, Mamaearth, Senco in mid/smallcap spaceEASA spokesperson Janet Northcote stated, “EASA will investigate further the root cause of the document traceability issue and continue to closely monitor any new developments that could lead to a potentially unsafe condition in the fleet," as quoted by Bloomberg.Also Read | Latest Market News Today Live Updates June 15, 2024: Samco baffled by post election rally; liked Jubilant Food, Metropolis, Mamaearth, Senco in mid/smallcap spaceBoeing has assured us that it will remove any affected parts on aeroplanes prior to delivery and that the in-service fleet can continue to fly safely. “This industry-wide issue affects some shipments of titanium received by a limited set of suppliers, and tests performed to date have indicated that the correct titanium alloy was used," the company said," as quoted by Bloomberg.An Airbus spokesperson confirmed awareness of the situation and noted that numerous tests on parts from the same supplier confirmed the A220’s airworthiness remains intact.Also Read | Mumbai-Ahmedabad NH traffic chaos: Viral video shows vehicles crawling on highway, netizens call it ‘peak corruption’The integrity of every component used in the aviation industry relies on verified provenance to ensure safety and structural integrity.

InterGlobe Aviation, the operator of IndiGo, announced on Friday that it will receive compensation from Pratt & Whitney through its affiliate for powder metal issues that have grounded some of its aircraft.The company did not disclose the amount of the compensation, stating that it will be received through the Pratt & Whitney affiliate, International Aero Engines.The stocks of InterGlobe Aviation closed in red, down 0.79 per cent at ₹4267.10, on June 14, on BSE. The company enjoys a market capitalisation of ₹1,64,701.39 crore as per BSE.

Boeing 737 jet owned by Southwest Airlines has been grounded amid a Federal Aviation Administration (FAA) investigation into a rare mid-air manoeuvre called a “Dutch roll” that occurred mid-flight.The plane was travelling from Phoenix, Ariz., to Oakland, Calif., on May 25 when the yawing movement occurred nearly 32,000 feet (almost 9,750 metres) in the air.According to a 2022 Boeing safety pamphlet about Dutch rolls, the motion occurs when a plane moves in two axes as it tips from wingtip to wingtip while the tail rocks side to side. A Dutch roll can be caused by both wind and pilot input, but is nauseating for passengers in either circumstance.Federal officials said the Dutch roll may have been caused by damage to the jet’s backup power-control unit (PCU), which commands the jet’s vertical rudder.The damage was discovered during a post-flight inspection of the aircraft.The Boeing 737 has been grounded since the flight.

Boeing 737 Max suffered damage to parts of the plane's structure after it went into a «Dutch roll» during a Southwest Airlines flight last month, U.S. investigators said Friday. The incident happened as the jet cruised at 34,000 feet from Phoenix to Oakland, California, on May 25, but Southwest did not notify the National Transportation Safety Board about the roll or damage to the jetliner until June 7, the NTSB said.

windfall tax on domestically produced crude oil to Rs 3,250 per tonne from Rs 5,200 per tonne. The export duty on petrol diesel and aviation turbine fuel (ATF) will continue to be nil. The new rates will be effective June 15, 2024, Central Board of Indirect Taxes and Customs ( CBIC) said in a late night notification Friday.

NEW DELHI : New Delhi: Demand for air travel is taking off globally, but there aren’t enough planes to carry all the people who want to fly with the aviation sector yet to recover from covid and the repercussions of the Russia-Ukraine war. Not enough parts are available to manufacture planes because of a persistent supply chain bottleneck, forcing several airlines to lease jets instead, often at higher prices. There’s a scramble even for those leased planes.

InterGlobe Aviation — the parent company of no-frills carrier IndiGo — on Friday said it will receive a «customised» compensation from aircraft engine maker Pratt & Whitney's affiliate firm International Aero Engine (IAE) for grounded aircraft. «On June 14, 2024, InterGlobe Aviation Ltd finalized an amendment to the existing agreement with International Aero Engines, LLC, an affiliate of Pratt & Whitney pursuant to which IAE will provide IndiGo with a customized compensation in relation to the ongoing situation of aircraft on ground due to unavailability of engines,» InterGlobe Aviation said in a regulatory filing. The company, however, did not give the amount of compensation.

Mint explains their working, the impact on airlines and passengers. Bilateral rights are granted under air service agreements between two countries. They are a set of commercial aviation rights granting an airline the right to enter another country’s airspace.

GST) Council is likely to consider a review of 28% tax on online gaming and clarification on several procedural matters at its next meeting on June 22 in the national capital. The council may also take up recommendation of the fitment committee on inverted duty structure of 15 items, officials aware of the matter told ET. However, a broader process of rate rationalisation may be pushed for later, they said. The council secretariat announced the date of the meeting in an X post on Thursday.

Federal officials are investigating an unusual rolling motion during the flight of a Southwest Airlines Boeing 737 Max

The United States has imposed a $1.8 million fine against Middle Eastern airline Emirates for flights that passed too low over Iraq, in violation of U.S. restrictions

The head of the Federal Aviation Administration has acknowledged his agency should have been more aware of problems at Boeing before a door plug blew off a 737 Max jet during an Alaska Airlines flight in January

An American industrial technology company has revived its work on a system to warn pilots if another aircraft might be on the runway they are using

emergency exit door, blew out, causing an uncontrolled decompression of the aircraft. The aircraft returned to Portland and several passengers required medical attention after landing.As a result, the National Transportation Safety Board of the US opened an investigation into the Alaska Airlines incident and weeks later, the NTSB was also investigating another incident in February in which a United Airlines pilot in a Boeing 737 Max-8 reported stuck rudder pedals during a landing.“I think Boeing has work to do.

₹3,360 crore.According to InterGlobe Enterprises statement, the proceeds will be used to expand its hospitality and other incubating businesses, as well as for general corporate purposes.The company confirmed that Bhatia will continue as a promoter and managing director of IndiGo, working with CEO Pieter Elbers to guide the airline's strategic direction.InterGlobe Enterprises will continue to remain the largest shareholder of IndiGo. As of March, the promoter group led by Bhatia held a 37.91% stake in the airline.