Aviat Financial News

A technical problem caused aviation authorities in Norway to temporarily close the airspace over the south of the country, leading to significant delays at Oslo airport

Air passengers traveling to and from Paris have experienced significant disruptions Thursday, despite a decision by air traffic controllers to cancel a strike after last-minute negotiations

Mint in the week gone by. Top software services firms that declared their latest earnings painted a subdued outlook for the fiscal year 2024-25, while the seasonally adjusted HSBC flash composite purchasing managers’ index (PMI) output index for India surged to nearly a 14-year high of 62.2 in April. The corporate earnings season began with information technology (IT) majors Infosys, Wipro and Tata Consultancy Services (TCS) releasing their results for the March quarter.

Boeing on Wednesday reported its first quarterly revenue drop in seven quarters, but the U.S. planemaker beat Wall Street expectations that were lowered after a January mid-air blowout of a cabin door prompted it to slow production of its strongest-selling jets.

revenue to $16.57 billion, the first drop in seven quarters, as the U.S. planemaker slows production of its strongest-selling jets following a January mid-air blowout. The U.S. planemaker said its first-quarter cash burn, a metric closely watched by investors, was $3.9 billion, compared with negative $786 million a year ago.

InterGlobe Aviation Ltd. traded 0.82 per cent up in Wednesday's trade at 12:22PM (IST). Around 4,533 shares changed hands on the counter. The counter opened at Rs 3712.45 and touched an intraday high and low of Rs 3750.0 and Rs 3708.5, respectively, in the session so far. Shares of the company of InterGlobe Aviation Ltd. quoted a 52-week high of Rs 3849.45 and a 52-week low of Rs 1974.9.

Moroccan officials are aiming to turn the country into an aviation hub, luring investors aiming to spread out their supply chains to more nations with available and affordable workers

Spirit AeroSystems said Boeing would give it advance payments of $425 million and help it address issues like higher levels of inventory and lower cashflows after the U.S. aviation regulator capped the planemaker's 737 MAX production. The agreement announced by Spirit on Tuesday comes amid talks between the two for Boeing to buy the fuselage supplier, a former subsidiary, and as the planemaker tries to get control of a sprawling crisis sparked by a mid-air panel blowout in January on a new Alaska Airlines 737 MAX 9.

Also Read | 'Goodbye Air India jumbo': Netizens hail ‘wing wave’ manoeuvre as Boeing 747 takes off for last time from Mumbai “Delighted to announce our newest codeshare partner, @FlyANA_official. With this, we offer you even more convenient connectivity between India and Japan. If you are a Flying Returns Gold or Platinum member, this also lets you enjoy premium services on both airlines," Air India said on X.

Directorate General of Civil Aviation (DGCA) on Tuesday mandated the airlines to allocate seats with at least one of their parents or guardian travelling on the same PNR. The aviation watchdog has also asked the airlines to maintain the record for it as well. “Airlines shall ensure that children up to the age of 12 years are allocated seats with at least one of their parents/guardians, who are travelling on the same PNR and a record of the same shall be maintained,” said DGCA.

India is slowly becoming a convenient hub for travel between Southeast Asia and the Middle East as airlines prefer to transfer people by connecting through Indian cities, a top industry official said. There is huge growth in India and many domestic routes are used by airlines for connectivity, V Sumantran, the Chairman of the Board of Directors of InterGlobe Aviation Ltd (IndiGo Airlines) said here on Saturday. Delivering his address at the 65th Institute Day of the Indian Institute of Technology, Madras, he said that IndiGo Airlines started off as a low-cost airline in 2006 and has made the largest single order in the aviation industry by ordering 500 aircrafts in France. «India needed an airline that will provide affordable travel for many of us and the net result we can see. Even now we see India really moving forward with a lot more speed on infrastructure development. We have about 140 operating airports now and that would become 220 by 2030. We are seeing a huge increase in regional travel,» Sumantran, an IIT-Madras alumni, said.

Taipei's defence ministry said it had detected 21 Chinese military aircraft around the self-ruled island since 8:15 am (0015 GMT) on Saturday, a month before Taiwan's May 20 inauguration of incoming president Lai Ching-te. «17 aircraft (of the 21) crossed the median line and its extension, entered our northern, central, and southwestern (air defence identification zone), and joined PLA vessels for joint combat patrol,» it said in a statement posted on X around 11:30 am. Taiwan's armed forces «are monitoring the activities with our joint surveillance systems, and have dispatched appropriate assets to respond accordingly.»

₹50,000-60,000, as against an average fare of ₹15,000-20,000 earlier. Similarly, fares for direct flights on Delhi-Dubai route have also surged to ₹50,000-60,000, against an average ₹20,000-25,000 earlier. The Dubai airport has a capacity to handle 90 million passengers per annum and provides connectivity to around 260 destinations worldwide with more than 100 airlines.

Air India has sold four of its last remaining Boeing 747-400 jumbo jetliners, marking the end of an era that had once thrust the airline to the global league. People familiar with the matter said the four aircraft have been sold to US company AerSale, a supplier of aftermarket commercial jet engines and parts. While two aircraft are likely to be converted to freighters, two will be disassembled for their parts, the people said. Vman Aviation Services, a Mumbai-based company, will manage the transfer of the planes to AerSale.

U.S. Federal Aviation Administration issued a ground stop advisory on Wednesday for Alaska Airlines, saying: «All Alaska mainline and subcarrier flights ground stopped.» In a separate statement, the FAA said the carrier «asked the FAA to pause the airline's mainline departures nationwide.» It did not provide a reason for the stoppage.

Turkiye announced on Tuesday that Turkish authorities have initiated a requirement for Indian and Nepalese passport holders traveling to Mexico, Panama, Colombia, and Venezuela, transiting via Istanbul Airport, to obtain an 'Electronic Airport Transit Visa' (e-ATV). As per the embassy's statement shared on X by the Turkish Embassy in India, Indian and Nepalese passport holders subject to this requirement can obtain the e-ATV through the website «evisa.gov.tr» starting from April 15. Importantly, this service is provided free of charge, adhering to the current practice.

As party manifestos go, the Bharatiya Janata Party’s (BJP) manifesto for the upcoming general elections is fairly standard, with promises about its plans if re-elected. However, what stands out in this year's BJP manifesto is its significant emphasis on the civil aviation sector, which is mentioned 11 times in the 76-page document.

₹2.5 lakh, while that of AgustaWestland 109S, a twin-engine helicopter, has increased by about 27% to ₹3.5 lakh. Rates for Beechcraft Super King Air 250, a civil aircraft, have spiked 57% to ₹2.75 lakh an hour. Meanwhile, data from the Airports Authority of India, the body responsible for managing the country’s civil aviation infrastructure, hints at increased usage of private jets for election campaigns.

New Delhi: Veteran air warrior Squadron Leader (retd) Dalip Singh Majithia, who joined the Indian Air Force during the tumultuous years of World War II and distinguished himself as a «fearless aviator» during his career, has died. He was 103. The centenarian, who had «over 1,100 flying hours to his name», including missions in aircraft such as Hurricanes and Spitfires, passed away at Uttarakhand's Rudrapur in the early hours of Tuesday, IAF sources said. He was affectionately called 'Maji' by his fellow air warriors. Sqn Ldr Majithia's leadership skills were forged and tested in the crucible of war, they said.

Mint. The state-owned airport operator also plans to invite bids for operation, management and development of 13 airports, including Bhubaneswar, Trichy, Indore, Raipur, Amritsar and Varanasi, in public-private-partnership mode, the officials added. “The plan is to be implemented after the new government takes over in June.

The pilots union at American Airlines says there's been a significant spike in safety and maintenance issues at the airline