Aviat Financial News

With India’s civil aviation sector going through turbulence, fliers are being forced to tighten their budgetary belts, as airfares have soared at a dizzying angle. Busy routes have gone up by as much as 30% at the start of the summer rush. For a quick explanation, Exhibit ‘A’ is Tata-run Vistara’s recent declaration of scaling back operations by about 25-30 flights per day, or roughly 10% of its capacity, amid a shortage of pilots.

Q4 results preview: Retail sector demand remains muted, soft recovery await in value space; Trent, DMart likely outliers According to brokerage firm Elara Capital, InterGlobe Aviation (Indigo) and SpiceJet are likely to report a combined adjusted profit after tax (PAT) of ₹23.4 billion in Q4FY24 versus ₹33.2 billion in Q3FY24 and ₹6.2 billion in Q4FY23. The firm further highlighted that FY25 may witness muted demand growth in the first half (H1) due to grounding of 75 fleet for Indigo and pilot issues at Vistara.

Directorate General of Civil Aviation (DGCA) has sought a timeline from airlines as to when they can implement the new pilot rest duty rules. DGCA’s move comes after the Delhi High Court, last week asked the regulator for a tentative date for implementation of the revised duty time norms for pilots. The court was hearing a writ petition filed by multiple pilot unions, challenging the DGCA rules on pilot’s duty hours. Prominent among them is a case filed by the Federation of Indian Pilots, which has more than 5,000 members.

DGCA), in response to a Supreme Court (SC) petition, stated that airlines have the authority to restrict the amount of alcohol served on flights to prevent passenger inebriation and subsequent unruly behavior. This statement follows incidents on two Air India flights where passengers, allegedly intoxicated, urinated on fellow travelers. Unfortunately, there’s no common crackdown rule or measure by the airlines’ regulatory body. It all depends on the airlines you’ve booked your flight with. Regulatory Framework

Serbian president says his country is close to signing a deal on the purchase of 12 French Rafale multi-purpose fighter jets in what would mark a shift from its traditional arms supplier Russia

₹341.75 apiece on Wednesday following the company's announcement of signing a significant multi-million-dollar deal with Korean Air, the largest airline in Korea. The deal entails providing technological support for Korean Air's new engine maintenance complex.

BSE MidCap index gaining 0.38%, and the BSE SmallCap index gaining 0.38%. Sensex Today Live : 18 of the 50 stocks on the Nifty 50 were in the red, with losses led by Divi's Laboratories, HDFC Bank, Apollo Hospital Enterprises, Eicher Motors, and Sun Pharma, while gains were led by Tata Steel, Bharti Airtel, BPCL, JSW Steel, and Reliance Industries.Sensex Today Live : Only six out of the 30 stocks on the Sensex were down, with Sun Pharma, HDFC Bank, UltraTech Cement, TCS, Nestle India, and HUL in the red.

Air India Ltd. is mounting with aircraft technicians planning a strike later this month after its pilots voiced concerns last week about being overworked and underpaid. Technicians at AI Engineering Services Ltd. — a state-run maintenance, repair and overhaul firm and an erstwhile Air India unit — will strike on April 23 due to various issues affecting their “well-being” and “professional growth,” All India Aircraft Maintenance Engineering Union wrote in a letter dated April 8 to the chief executive officer. A representative for Air India said the situation is being monitored closely.

FAA) is investigating a Boeing whistleblower's claims that the company dismissed safety and quality concerns in the production of the planemaker's 787 and 777 jets, an agency spokesperson said on Tuesday. The planemaker has been grappling with a full-blown safety crisis that has undermined its reputation following a Jan. 5 mid-air panel blowout on a 737 MAX plane. It has undergone a management shakeup, U.S. regulators have put curbs on its production, and deliveries fell by half in March.

India now consumes more than double the petrol it used a decade ago as new and larger vehicles are selling at a scorching pace. Diesel consumption is up by about a third while the overall oil demand is up by half. «The data show that fossil fuels continue to be in demand despite policy push for EVs (electric vehicles) and renewables. From the trajectory of demand numbers, it appears that oil will continue to be in demand for some time and peak oil demand in India is not likely before 2040,» said Mukesh Surana, CEO, Ratnagiri Refinery & Petrochemicals Ltd. «It's a positive trend for Indian refiners, at least for the next 10 years.» Between 2013-14 and 2023-24, the annual consumption of petrol increased 117%, diesel 31%, aviation turbine fuel 50% and LPG 82%, according to the petroleum and natural gas ministry data. Kerosene consumption slumped 93% during this period as the government's clean cooking drive increased access to LPG.

Boeing said on Tuesday it had delivered 29 airplanes in March, down more than half from the 64 delivered in the same month a year ago, as 737 MAX production slipped on increased quality checks and audits by regulators. Boeing has said it is producing fewer MAX single-aisle jets to improve manufacturing quality after the Jan. 5 mid-air blowout of a door plug on a 737 MAX 9 jet brought the U.S. planemaker under increased scrutiny from regulators.

Mint’s query regarding this board meeting. Cut to 2024. There is a sea-change in how employee concerns are now being handled, several people Mint spoke to alleged.

Sirius India Airlines will start chartered services and has partnered with Dubai-based Transworld Group's Airavat Aviation. The company is co-promoted by airline industry veteran Arun Kashyap, who recently quit SpiceJet. According to a release on Tuesday, Sirius India Airlines aims to expand its fleet by adding nearly a dozen top-of-the-line 9-seater to 100-seater charter aircraft by the end of this financial year. «Sirius India Airlines, in collaboration with Airavat Aviation, will initially operate flights through a Hawker 4000 aircraft, while it plans on expanding its fleet size to three aircraft in coming months.

The Federal Aviation Administration says a Southwest Airlines jet leaving Denver was forced to land after the engine cover fell off and struck the wing flap during takeoff

Boeing 737-800 returned to Denver International Airport on Sunday morning after the engine cowling fell off and struck the wing flap during takeoff, the Federal Aviation Administration said. The airlines, in an official statement, informed that the Boeing 737 landed safely at Denver International Airport and the passengers headed to Houston's William P. Hobby Airport were being shifted to another jet.

New Delhi: Chennai-based space start-up Agnikul Cosmos on Sunday called off the maiden launch of its 3D-printed, semi-cryogenic Agnibaan rocket about 129 seconds before lift-off citing communication in the onboard hardware. Sunday's was the third attempt at the test launch of the Agnibaan Sub-Orbital Technology Demonstrator (SOrTeD) since March 22, when the test flight was first scheduled to be held at the Agnikul Launch Pad at ISRO's Satish Dhawan Space Centre at Sriharikota. The second attempt at the test launch at 7.50 a.m.

«We are carefully scaling back our operations by around 25-30 flights per day, i.e. roughly 10% of the capacity we were operating. This will take us back to the same level of flight operations as at the end of February 2024,» Vistara said in a statement Sunday. The airline had got approval from the Directorate General of Civil Aviation (DGCA) to operate 22% more flights per week this summer as compared to winter.

Thailand’s status as a tourism hotspot into an aviation and logistics hub — has discussed the Schengen-type visa idea with his counterparts in Cambodia, Laos, Malaysia, Myanmar and Vietnam in recent months. The facility is meant to ensure seamless mobility for travellers among the six neighbouring countries. With most leaders positively responding to the single-visa concept, tourism-reliant Thailand aims to generate more revenue per traveller and cushion its economy from headwinds such as sluggish exports and weak global demand that’s hurt its manufacturing industry.

Vistara pilots is on hold after the civil aviation regulator asked the airline to explain alleged violation of rules. The pilots were slated to operate Boeing 787 aircraft, which the airline uses on European routes. People familiar with the matter said the pilots, earlier operating the Airbus A320 aircraft, were doing their conversion training for the Boeing 787 planes.

Vistara citied "various operational reasons" and "high utilisation of resources" as a cause of the cancellations and delays. In a statement, Vinod Kannan said the situation has already improved with its on-time performance improving for the last three days. "We hope to stabilise our operations for the rest of April 2024 by this weekend." Referring to the new contract for pilots, the CEO of the airline with 1,000 pilots, said “over 98 per cent of pilots have signed the new contract", however some pilots have some concerns and queries regarding the contract.

New Jersey at 17.59 local time on Friday. The quake was at a depth of 9 kilometres, according to the European Mediterranean Seismological Centre (EMSC). In a post on X (formerly Twitter), Governor of New Jersey, Phil Murphy wrote, “New Jersey just experienced an aftershock.