Aviat Financial News

Interglobe Aviation, which operates India's budget IndiGo airlines, has run trials on a new software related to passengers' safety and comfort, and is evaluating its in-flight safety announcements, the airline said on Friday. The airline is planning to launch another trial in the next two to three weeks for the safety and comfort-related software it tested, for its Airbus fleet, it added. A week back, an IndiGo flight headed to the northern Indian city of Jammu was forced to land in the city of Amritsar — roughly 210 kilometres (130.5 miles) away by road — after turbulence and adverse weather conditions in Jammu.

show cause notice to Air India after a 20-hour delay on a Delhi-San Francisco flight. The Tata Group-owned airline has been asked to respond within three days. «It has come to the notice of DGCA that flight Al-179 dated 24.05.2024 and flight Al- 183 dated 30.05.2024 were inordinately delayed and passengers were put to discomfort due to insufficient cooling in the cabin,» said the ministry in the notice. The flight on Thursday was delayed with passengers being made to sit inside the aircraft without air-conditioning in the capital's searing heat. Some of them allegedly fainted in the heat, while others pleaded to be allowed to alight.

Federal regulators are giving Amazon key permission that will allow it to expand its drone delivery program

China's Commerce Ministry has announced it will restrict exports of some aviation and aerospace-related equipment and technology beginning July 1

Boeing is due to tell federal regulators how it plans to fix the safety and quality problems that have plagued its aircraft-manufacturing work in recent years

flight simulator provider Simaero on Thursday announced investing USD 100 million in India to train up to 5,000 pilots over the next five years, wherein the company will also set up training infrastructure and simulators. At the current exchange rate, USD 100 million translates to more than Rs 8,300 crore. The construction of its training facility is underway in the national capital and is expected to be completed by the fourth quarter of 2024. The facility, which will be spread over 4,500 square metres, will feature eight full-flight simulators for A320 neo and B737NG aircraft types. «The facility will offer comprehensive training solutions, with devices certified by both DGCA and EASA authorities, and an in-house ATO (Approved Traininig Organisation) covering all main pilot recurrent training programmes, including initial type rating and recurrent training, with various aircraft-type simulators for airlines,» the company said in a release.

Boeing is expected to deliver on Thursday a «comprehensive action plan» required by US air safety regulators after a near-catastrophic incident in January. The American aeronautics giant has faced intense scrutiny following manufacturing problems and pointed testimonials from whistleblowers in the aftermath of fatal crashes in 2018 and 2019 that have kept the company in the headlines for unwanted reasons.

A preliminary investigation says the Singapore Airlines plane that ran into turbulence last week went through huge changes in gravitational force, leaving one passenger dead and many others injured

Malaysian Airlines plane, a new claim has been made by the most unexpected people. Some amateur investigators claim to have cracked the decade-long mystery of the disappearance of flight MH370. They have claimed that the plane has been spotted in Google Maps in the dense forest of Cambodia, reports 'Daily Star'. Malaysian Airlines flight MH370 was on its regular flight from Kuala Lumpur to the Chinese capital Beijing in March 2014, when it suddenly lost call contacts and simply disappeared from the radar. It vanished just 40 minutes after taking off from the Malaysian capital. Its debris too has not been found despite repeated attempts by various agencies in the past ten years. Flight MH 370 has become one of the biggest mysteries of aviation history.

Engine Lease Finance BV, an aircraft engine lessor of SpiceJet, has moved an insolvency plea before the NCLT against the debt-ridden air carrier over non-payment of over USD 12 million (around Rs 100 crore). Engine Lease Finance (ELF) has leased eight engines to SpiceJet. Along with interest and rental, ELF has claimed an amount of around USD 16 million. The matter was listed before a Delhi-based bench of the National Company Law Tribunal (NCLT) on Wednesday, which heard it briefly. Counsel appearing for SpiceJet sought time to respond to the petition filed by Engine Lease Finance. On this, the NCLT bench comprising members Mahendra Khandelwal and Sanjeev Ranjan directed SpiceJet to file its response to the petition.

For SpiceJet to stay afloat, some crew will have to deplaneIn December, Engine Lease Finance BV approached the Delhi High Court after settlement talks failed, alleging the airline only made partial payments and violated the terms of the agreement.In October, SpiceJet had agreed to pay the lessor about $2 million and return the leased engines by 25 January. It eventually returned the leased engines in March on the court's orders.SpiceJet has faced several insolvency pleas in the NCLT over pending dues from various parties including Wilmington Trust SP Services (Dublin), Willis Lease Finance, Celestial Aviation, Aircastle, and Alterna Aircraft.

NEW DELHI:Universal VulKaan Aviation, a Singapore-based company, is set to venture into India as its next growth market, aiming to sell over 30 helicopters within the next three years, senior officials told Mint in an interaction.This ambitious plan, which includes both pre-owned and new helicopters, is set to reshape the country's helicopter landscape. The company, a distributor for Leonardo helicopters in India, has already engaged in discussions with private charter companies and state governments, they added."The helicopter market in India has not reached its full potential, with only 250 machines in operation," said Harinder Jeet Singh Commar, partner at Universal VulKaan Aviation.

air ticket prices in India spiked 9 per cent in the first quarter of 2024, primarily on account of general increase in travel demand and «much stronger» economic growth, according to Australian Securities Exchange-listed FCM Travel. At the same time, FCM Travel said there was a 20 per cent jump in the premium class bookings in the January-March period compared to the same period last year, driven by sectors such as manufacturing IT as well as conglomerates. «Domestic air capacity has increased more than 3 per cent but due to the demand in travel, we have seen average ticket prices increase by 9 per cent which is attributed to a much stronger economic growth and a general increase in demand for travel,» said Sunny Sodhi, Managing Director of FCM Travel India. Popular domestic routes for business travel include Delhi to Mumbai, Mumbai to Delhi, and Bengaluru to Mumbai, he added.

bomb threat was reported on an IndiGo flight from Delhi to Varanasi. The aircraft was moved to an isolation bay for investigation, with aviation security and a bomb disposal team currently on site, according to an airport official who spoke to ANI. The threat was reported at 5:35 AM. Quick Response Teams (QRT) reached the scene promptly. All passengers were safely evacuated through the emergency exits. The flight is now under inspection, as confirmed by the Delhi Fire Service. An aviation security official at the scene reported that the IndiGo crew found a note with the word «bomb» written on it in the aircraft's lavatory before takeoff.

ANI cited an airport official, “A bomb threat was reported on an IndiGo flight from Delhi to Varanasi. The aircraft has been moved to an isolation bay for investigation.

Nazara Technologies share price rallied over 11.50 per cent on Monday to ₹685 per share, hitting 52-week high after the company said that the promoter Mitter Infotech sold 6.38 percent stake to Plutus Wealth Management through a block deal, on May 27. Plutus Wealth Management has been a pre-IPO investor in Nazara Technologies since 2020.“The Block Trade will provide liquidity for the promoters who have dedicated 25 years to the Company’s growth.

₹366. The BLS E-Services share price made an impressive start on February 6, 2024 where it opened at ₹305 on the NSE, 125.93% more than the ₹135 issue price.

₹2,381 apiece to the current trading price of ₹4,271, translating into a gain of 79.37%. In the previous trading session, the stock crossed the ₹4,500 mark for the first time to hit a new record high of ₹4,529 apiece.

single bench order to return the assets, noting that the airline owes a significant amount of dues to lessors and was prima facie found to have used the assets inappropriately, especially by utilizing the lessor's engines in other aircraft, which violates regulations. "They (the lessor) are not in the business of charity," the court said.The division bench allowed SpiceJet an extension on the condition that it would withdraw its challenge to the single bench order and proceed to argue in front of the single bench on challenging the maintainability of the lessor's suit.SpiceJet pleaded that these leased engines were in use in operational flights with advanced bookings from passengers.

division bench of the Delhi High Court on Monday upheld its single judge’s order asking SpiceJet to return two aircraft and three engines to its lessor TWC Aviation. While dismissing the airline’s appeal as withdrawn, a bench led by Justice Rajiv Shakhder granted the low cost carrier three weeks time till June 17 to return the aircraft and engines along with technical records. The single judge had asked SpiceJet to return the engines by May 28. The HC noted SpiceJet’s sr counsel Amit Sibal’s argument that he wants to advance his submission related to the jurisdiction issue before the single judge, but that will not come in the way of returning the engines.

IndiGo airlines has rescheduled and cancelled some flights due to Cyclone Remal and issued NOTAM in Kolkata. A Notice to Air Missions (NOTAM) is a message sent by the Federal Aviation Administration (FAA) to pilots to alert them of potential hazards that could affect their flight. The storm, expected to bring maximum sustained wind speeds of 110-120 kmph with gusts up to 135 kmph, is likely to make landfall around 11 pm on Sunday near Khepupara in Bangladesh and Sagar Islands in West Bengal. In a statement, the airlines said, «IndiGo has rescheduled and cancelled some flights due to Cyclone REMAL and the NOTAM issued in Kolkata. Passengers have been informed of all changes in advance and being provided real-time updates on social platforms».