Aviat Financial News

New York earthquake: After the strongest earthquake in 140 years rattled New York on Friday, the Federal Aviation Administration (FAA) said the 4.8 magnitude earthquake may impact air traffic in several areas. The aviation agency also put a pause on flights for the city till noon, while warning passengers of 30-40 minutes delay in New York flights. "A 4.8 magnitude earthquake in New Jersey may impact some air traffic facilities in New York, New Jersey, Philadelphia and Baltimore.

Federal officials are looking into an engine fire on a Southwest Airlines plane

Mint in an exclusive interaction. Secondary markets (non-metro cities) are rapidly becoming a very important market size-wise for the growth that these cities are experiencing and these airports are experiencing. "In order to allow us to use our infrastructure more efficiently, we are in talks with airlines to serve those secondary markets.

Federal officials are investigating whether a Southwest Airlines flight veered off course and flew over the air traffic control tower at LaGuardia Airport last month

Alaska Air Group said on Thursday that Boeing had paid about $160 million to the airline in the first quarter as initial compensation to address the hit from the temporary grounding of 737 MAX 9 jets. The payment is equivalent to lost profits in the quarter, the carrier said in a filing, adding it expects additional compensation.

₹80,000 and ₹1,40,000. Vistara's sticky wage problem holds lessons for the Tata Group However, Vistara CEO Vinod Kannan claimed that the pilot shortage triggered as they reached their flight duty time limit. Kannan said the management will revise the roster to take pressure off the pilots from May onwards.

Vistara is under regulatory scrutiny after scores of its flights got either cancelled or delayed this week. India’s aviation regulator has asked the airline for daily status reports on its flights, which have been disrupted by a crew shortage. Disgruntled pilots have been calling in sick, as reported, in protest against pay revisions as part of the airline’s merger with Air India.

Muizzu highlighted the presence of Indian troops on three platforms in Maldives. ALSO READ: How did China strengthen its bond with Maldives amid India exit? 10 key collaborations between Male, Beijing He said the troops on the third aviation platform will be withdrawn by May 10. He was quoted as saying that the withdrawal of foreign troops from Maldives is being "pursued in accordance with diplomatic norms and principles".

windfall tax on domestically produced crude to Rs 6,800 per tonne from Rs 4,900 per tonne, with effect from April 4. The tax is levied in the form of Special Additional Excise Duty (SAED). The export duty on diesel, petrol and Aviation Turbine Fuel (ATF) will continue to remain zeo.

NEW DELHI : Vistara has blamed poor rostering for a wave of flight cancellations at the full-service carrier, warning it may have to curtail its network for May as well to gradually stabilize operations, two people aware of the development told Mint. Chief executive officer Vinod Kannan addressed Vistara's pilots on Wednesday following a string of flight delays and cancellations that left thousands of passengers stranded. Over the last two days, more than 100 flights of the airline have been cancelled and a large number of flights have faced delays, as disgruntled pilots have called in sick en masse.

General Electric has completed its split of the one-time conglomerate into three separate companies, as its aerospace and energy businesses started trading on the New York Stock Exchange as separate entities on Tuesday

Vistara’s public image has taken a severe beating in the last few days. Aviation regulator DGCA on Tuesday asked the airline to file daily reports on flight cancellations and delays. A senior airline official said that the airline is analysing the reason for disruption and expects to bring it under control by this week.

Last year, while Air India was sealing the biggest commercial aviation deal in history by ordering 470 jets from Airbus and Boeing, Ladakh MP Jamyang Tsering Namgyal delivered a fiery speech in Lok Sabha on exorbitant airfare on the Delhi-Leh route and its fallout on patients and students, among others. One-way fare from Delhi to Leh was persistently above Rs 30,000 in the second week of February last year, according to news reports. Namgyal said fares in the sector touched Rs 80,000 when he checked online. While India's aviation sector is growing, more and more people are flying, airlines are adding more aircraft and airports are being built even in far corners, flyers are complaining about delays, cancellations, low quality of service and fares jumping to new highs.

Vistara pilots continue to protest against pay revision, at least 15 senior first officers resigned from the airline recently, sources said on Tuesday. The airline operates a little over 300 flights daily and has a fleet of 70 planes comprising A320-family aircraft and Boeing 787s. Over the past few weeks, the Tata Group airline has been grappling with simmering discontent among pilots, with many first officers of its A320 fleet reporting sick. The sources said at least 15 senior first officers resigned from Vistara and joined a domestic budget carrier.

NEW DELHI : The Bureau of Civil Aviation and Security is examining the implications of artificial intelligence and other emerging technologies as part of its efforts to safeguard against cyber threats, a top official said. "New technologies come with new challenges. We are examining AI, we are consulting some experts also," BCAS director general Zulfiquar Hasan said, speaking on the sidelines of the 38th Raising Day of the Bureau of Civil Aviation Services.

United Airlines is asking its pilots to take time off in May because the airline isn't getting as many new planes from Boeing as it expected

Air Canada has awarded a Hong Kong company a major contract to perform heavy maintenance on 56 of its wide-body jets, sparking concerns about Chinese spies bugging the planes and aircraft becoming trapped in China if a military conflict erupts with Taiwan.

Bureau of Civil Aviation Security (BCAS) has issued a fresh guideline to airports and airlines for deplaning passengers during tarmac delays. Zulfiquar Hasan, Director General of BCAS, said that they have prepared the guidelines and issued to airport operators and airlines. «In case of delays (no specific time limit of delay) the call will be taken by airport security or airlines to deplane passengers and bring them to boarding area again,» he said.

InterGlobe Aviation Ltd. traded 0.6 per cent up in Monday's trade at 12:38PM (IST). Around 6,873 shares changed hands on the counter. The scrip opened at Rs 3560.85 and touched an intraday high and low of Rs 3606.55 and Rs 3556.2, respectively, in the session so far. The stock of InterGlobe Aviation Ltd. quoted a 52-week high of Rs 3606.55 and a 52-week low of Rs 1812.1.

₹30.5- ₹32.0 across the four metros. The reduction in prices comes ahead of the Lok Sabha elections which are scheduled to start on 19 April. In the national capital, the 19-kg commercial cooking gas cylinder is priced at ₹1,764.50, lower by ₹30.5.

Swiss National Bank became the first major industrial economy to unexpectedly reduce rates, raising the question whether the pivot has finally arrived for more central banks around the world to follow the example of its conservative European counterpart. Ahead of this week's scheduled review meeting of the Monetary Policy Committee (MPC), market watchers and investors are keen to know the timeline for India's rate easing cycle. However, the texture — and driver — of India's robust economic growth rates suggest their wait will perhaps be of some duration. The chances of a rate reduction in the first half of the fiscal year beginning Monday look wafer thin, with policymakers likely waiting for higher neutral rates before nudging the rate lever. The primary reason behind such overwhelmingly short odds on the 'higher-for-longer' rate trajectory is the nature of the ongoing economic expansion, which has made New Delhi a distinct outlier in a rather circumspect world. For more than 30 straight months, the gauges for purchasing managers have stayed in the expansionary mode, while the percolation effects of unprecedented capital expenditure in helping broad-base the texture of economic growth is becoming increasingly evident.