Aviat Financial News

InterGlobe Aviation Ltd. traded 2.05 per cent up at Rs 4063.6 at 12:38PM (IST) on Thursday, even as BSE benchmark Sensex gained 257.61 points to 74740.39. The stock had settled at Rs 3981.7 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 4082.7 and Rs 2016.05, respectively.

Proposed stablecoin legislation is unlikely to be tacked onto the must-pass Federal Aviation Administration’s (FAA) reauthorization bill despite attempts by Representatives Maxine Waters and Patrick McHenry, a Democratic aide on Capitol Hill revealed Tuesday.

New Delhi: In 2019, India was among the top five economically developing countries in terms of carbon dioxide (CO2) emissions from aviation, a new research has found. Calculating «nearly real-time» aviation emissions using global flight data, researchers found that overall, the US, China and Great Britain were the topmost contributors, with 22 per cent, 14 per cent and roughly four per cent share. However, among the economically developing countries, India was found to be the third biggest contributor with close to three per cent share in global CO2 emissions from aviation, following China at 14 per cent and the United Arab Emirates (UAE) at more than three per cent. The research team at the Norwegian University of Science and Technology also found that India's share in global CO2 emissions from domestic aviation was the third highest at 1.5 per cent.

Airlines are seeking sustainable sources of fuel. Steel producers are looking to reduce their operating emissions. And sports-apparel makers are aiming to cut the volume of plastic in clothing.

Godrej Group, which has both the listed and unlisted entities, decided to split the conglomerate and operate as two entities — Godrej Enterprises and Godrej Industries. The conglomerate operates across aerospace, aviation, defence and liquid engines among others. The realignment will be implemented after the relevant regulatory approvals have been obtained, after which the two companies will continue to use the Godrej brand.

The Biden administration is out with new guidelines for tax credits for producers of sustainable aviation fuel

NEW DELHI : The storied Godrej group that took birth as a lock-maker 127 years ago is finally dividing its assets, as its descendants choose to split the businesses to align with their differing visions for the future. The third-generation siblings, Adi and Nadir, children of Burjor, late on Tuesday reached an agreement to separate from their cousins Jamshyd and Smita, children of Naval, a family statement said. Godrej & Boyce Mfg.

Adi Godrej and his brother Nadir keeping Godrej Industries that has five listed firms, while cousins Jamshyd and Smita getting unlisted Godrej & Boyce and its affiliates as well as a land bank, including prime property in Mumbai. The group has been split between two branches of the founding family, with Adi Godrej (82) and his brother Nadir (73) on one side and their cousins Jamshyd Godrej (75) and Smita Godrej Crishna (74) on the other, according to a statement issued by the group. Godrej Enterprises Group — comprising Godrej & Boyce and its affiliates that have a presence across multiple industries spanning aerospace and aviation to defence, furniture and IT software — will be controlled by Jamshyd Godrej as chairperson and managing director. His sister Smita's daughter Nyrika Holkar, 42, will be the executive director.

Embraer’s EMB-203 Ipanema aircraft is undergoing testing to evaluate a new method for applying bio-control agents on farms in Brazil. Led by Koppert, a prominent company specializing in agricultural biological systems, this initiative aims to enhance sustainability in national farming practices.

Congressional negotiators have agreed to help the Federal Aviation Administration hire more air traffic controllers and safety inspectors

IndiGo makes long-haul foray, orders 30 wide-body aircraft "There is a linear decline in market share of Indian carriers in international markets beyond 5-6 hours. Indian carriers are signifiantly under-represented in wide-body, long-haul market. We should be able to compete with global aviation hubs," Elbers said in a conference call with analysts and journalists.

Delhi airport aims to install the full body scanner by the second half of this fiscal, while the Bengaluru airport is undertaking trials, two people aware of the development told Mint. The installation is likely in 2-3 months, they added. "The work is in progress, in accordance with the latest guidelines issued by the Bureau Of Civil Aviation Security (BCAS).

Tata Sons is rushing to complete the integration of Air India and Vistara and operate as a single airline by the end of this year, people familiar with the matter said. They added that both the airlines have approached the civil aviation regulator and started working on merging their operations manuals and transfer of flying crew from one airline to the other. The merger is an effort by the salt-to-steel conglomerate to simplify its aviation business. As part of that, while Air India and Vistara will be merged to create a full service airline, AirAsia India and Air India Express have been integrated to create a single low-cost airline.

An emergency slide fell off a Delta plane that was taking off from New York, and pilots returned to the airport and landed safely

Sheikh Mohammed bin Rashid al-Maktoum approved a new passenger terminal in Al Maktoum International airport worth 128 billion AED ($34.85 billion), he said on Sunday in a post on X. The Al Maktoum International Airport will be the largest in the world with a capacity of up to 260 million passengers, and five times the size of Dubai International Airport, he added, saying that all operations at Dubai airport would be transferred to Al Maktoum in the coming years.

startup The ePlane Company expects to develop a certifiable prototype of a flying electric taxi by March next year as it works on ways to alleviate urban congestion. Incubated out of the Indian Institute of Technology (IIT), Madras, the company also aims to initially commercialise its drones that can carry a payload of 2-6 kilograms in the coming months, according to a senior executive. The ePlane Company's Founder and CEO Satya Chakravarthy said it is developing an eVTOL (electric Vertical Takeoff and Landing) aircraft and to begin with, it will be a three or four-seater plane which can be converted into an air ambulance.

Prime Minister Shehbaz Sharif on Friday extended the deadline till June 30th for the deportation of Afghan refugees residing in the country with Proof of Registration (PoR) cards, according to an official statement. The deportation of illegal Afghan refugees staying in Pakistan has been going on since the government gave an ultimatum to all refugee Afghan nationals to leave Pakistan by November 1 last year. The PoR is an identity card for Afghan refugees that entitles them to remain in Pakistan legally and is issued by the country's National Database and Registration Authority (NADRA). PoRs are issued to Afghan refugees after they get themselves registered with the United Nations High Commissioner for Refugees (UNHCR).

Go First’s revival prospects, the Delhi High Court on Friday asked the Directorate General of Civil Aviation (DGCA) to deregister all the 54 leased aircraft to the airline and process the lessors' applications for deregistration within five working days. Justice Tara Vitasta Ganju while restraining the carrier’s resolution professional (RP) from operating, accessing or flying these planes handed over the maintenance work of the aircraft back to the lessors. It also restrained the RP from replacing, taking out any accessories, spare parts, documents or any material from the aircraft while directing him to provide up to date information and documentation related to the aircraft to the lessors. The HC also quashed the aviation regulator’s communication against processing the applications of lessors to deregister their leased planes due to a moratorium imposed by the National Company Law Tribunal (NCLT) on the airline's assets.

Delhi High Court on Friday allowed the lessors' plea which sought deregistration of the company's 54 aircraft. The court ordered deregistration of Go First's 54 planes in five working days which were subject matter of the case. The court has also restrained Go First from flying these planes. Indian civil aviation regulator DGCA has been asked to facilitate the export of aircraft and provide certificate of airworthiness.

Axis Bank and other banking stocks. While the S&P BSE Sensex settled at 74,339.44, up by 486.50 points or 0.66%, the broader Nifty closed at 22,570.35, gaining 168 points or 0.75%. In today's trade, shares of Maruti Suzuki, Bajaj Finserv, HCL Technologies, Eveready Industries, SBI Cards and Payment Services, SBI Life Insurance Company, Vedanta and Bajaj Finance among others will be in focus due to various related developments or quarterly earnings.

UFO while her flight was above New York, as per a report in New York Post. The Federal Aviation Administration has informed the Post that they were looking into the issue of the flying object. The commercial airline flight passenger has been identified as Michelle Reyes. Reyes on her Facebook claimed that she witnessed «flying cylinder» from the window of the aircraft while flying above LaGuardia Airport on March 25. She also shared a video of the incident.