Aviat Financial News

Boeing is telling airlines to inspect switches on pilots’ seats after a published report said an accidental seat movement likely caused the sudden plunge of a LATAM Airlines plane flying to New Zealand

aviation industry, on Monday started its commercial services. The airline's inaugural flight took off from Goa's Manohar International Airport at 07:55 am, bound for Kempegowda International Airport in Bengaluru. Additionally, on its maiden day of operations, Fly91 also successfully flew its first route to Sindhudurg from Bengaluru. FLY91 is initially flying between Goa, Hyderabad, Bengaluru, and Sindhudurg. They will later add flights to Agatti, Jalgaon, and Pune in April. They'll operate flights between Goa and Bengaluru on Monday, Friday, and Saturday, with a similar schedule for Bengaluru-Sindhudurg routes. Additionally, they'll fly between Goa and Hyderabad, as well as Sindhudurg and Hyderabad twice a week. «We at FLY91 are incredibly proud to launch our inaugural commercial flight, symbolizing our commitment to connecting India in a way that has never been done before. This inaugural flight is not just about reaching a destination; it's about taking flight with the dreams and aspirations of a nation,” said Manoj Chacko, Managing Director and Chief Executive Officer.

United Airlines flew Friday with a large part of its exterior missing, according to the airline, marking the latest in a series of malfunctions to plague the manufacturer.The flight from San Francisco to Oregon landed safely, but upon arrival crews discovered a broken exterior panel on the 25-year-old aircraft.According to a statement from United Airlines, no emergency had been declared and the missing piece was not discovered until all 139 passengers and six crew members safely disembarked from the plane.“We’ll conduct a thorough examination of the plane and perform all the needed repairs before it returns to service,” the airline said.The U.S. Federal Aviation Administration (FAA) says it has launched an investigation into the incident.

₹1.2 lakh ($14 billion) crore across its portfolio business with a special focus on green/renewable energy. The investments are made in portfolio companies ranging from energy, airports, commodities, cement, and media. The planned investments are 40% higher than the invested amount in the current fiscal year.

Saudi Arabia is considering transferring ownership of national carrier Saudia to the sovereign wealth fund, the Public Investment Fund, two sources familiar with the matter said. The transfer would include other assets owned by Saudia, one of the Middle East's oldest airlines, including its low cost unit, Flyadeal, the sources said.

By David Shepardson

Happy Hours, Bogo, Ladies Nights, Early Bird offers.… all designed to push the consumer to shell out more than planned. And then there's this nasty thing called surge pricing in aviation and app-based taxi business, the fear of which makes one review and re-review plans.

joint secretaries have been appointed in different central government departments as part of a senior-level bureaucratic reshuffle effected on Friday by the Centre. These officers are from Indian Administrative Service (IAS), Indian Police Service (IPS), Indian Revenue Service (IRS) and India Postal Service (IPoS) among others. Senior bureaucrat Deepankar Aron has been named joint secretary, department of chemicals and petrochemicals, Harish Kumar Vashisth will be joint DG, Directorate General of Civil Aviation and Siddharth Mahajan has been named as joint secretary in the department of commerce, according to a personnel ministry order. Anand Madhukar will be Additional DG, Archaeological Survey of India, Swati Meena Naik has been named as the joint secretary, department of drinking water and sanitation, and Ravi Shanakar and Gulzar N will be joint secretaries in the department of food and public distribution.

The Federal Aviation Administration says it's investigating an incident in which an American Airlines plane flying from Dallas to Los Angeles suffered a tire problem

InterGlobe Aviation Ltd. traded 0.86 per cent lower in Friday's session at 12:33PM (IST). The stock opened at Rs 3185.7 and has touched an intraday high and low of Rs 3185.7 and Rs 3140.0, respectively, during the session so far. The stock quoted a 52-week high of Rs 3318.4 and a 52-week low of 1810.45. About 3,972 shares changed hands on the counter so far.

A cockpit seat mishap might have pushed a pilot into the controls on a Boeing 787 Dreamliner that took a sudden, terrifying plunge on a flight to New Zealand this week, according to U.S. industry officials briefed on preliminary evidence from an investigation of the incident. A Latam Airlines flight attendant hit a switch on the pilot’s seat while serving a meal, leading a motorized feature to push the pilot into the controls and push down the plane’s nose, these officials said.

Mint in the week gone by. The Securities and Exchange Board of India (Sebi) has flagged the possible risks for retail investors from the build-up of bubbles in the stock market. The retail inflation for February came in at 5.09%, largely unchanged from the previous month, while core inflation eased further.

Adani Group-helmed $2.1 billion project in the satellite city of Navi Mumbai is a microcosm of the massive infrastructure overhaul underway in India as its Prime Minister Narendra Modi seeks to outrun China. For Gautam Adani, it’s a test of whether he can put India on the global aviation map. The airport, with a lotus-shaped design mimicking India’s national flower as well as the election symbol for Modi’s party, should start operations in March next year with a capacity for 20 million passengers a year.

₹2 per litre across all states. The fuel price reduction comes one week after cooking gas or LPG (liquified petroleum gas) prices were slashed by ₹100 per cylinder ahead of the schedule announcement of Lok Sabha elections 2024. State-run oil refiners such as Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL), and Hindustan Petroleum Corp Ltd (HPCL) and oil explorers such as Oil and Natural Gas Corp (ONGC), Oil India, and others may witness a slide in their respective stocks as the reduction in retail rates passed on to consumers may hurt the refining margins and inventories of the companies.

IndiGo on Thursday announced introducing 11 new connections under its extended codeshare agreement with Australia’s national airline, Qantas Airways, starting from March 31, 2024. «With ticket sales going live from March 12, 2024, IndiGo customers can now fly across major tourist and economic hubs in Australia, from Sydney and Melbourne to Adelaide, Brisbane, Canberra, Gold Coast, and Perth,» the company said in a press note. With the new codeshare connections, customers will be able to continue their journey within Australia on Qantas-operated domestic flights to three additional cities— Adelaide, Canberra, and Gold Coast. It will also provide Indian tourists as well as business and leisure travellers with more options to explore destinations across Australia, especially during the upcoming summer season.

LiveMint talked to experts to understand under what circumstances a person who has taken travel insurance would be allowed to get a full refund of their return tickets. According to Manas Kapoor, business head of Travel Insurance at Policybazaar.com, travellers can get a full refund in the case of a medical emergency.

SpiceJet's commitment to providing seamless connectivity and enhanced services to its passengers during peak travel seasons. The additional aircraft will enable the airline to meet the growing demand for air travel, particularly during the busy summer months," as per the release. On March 7, SpiceJet announced the successful resolution of a ₹413 crore dispute with Echelon Ireland Madison One, resulting in savings of ₹398 crore and the acquisition of two airframes, as per the statement.

(Reuters) -The movement of a flight deck seat is a key focus of the probe into a sudden mid-air dive by a LATAM Airlines (OTC:LTMAY) Boeing (NYSE:BA) 787 plane that left more than 50 people injured, aviation industry publication the Air Current reported on Wednesday.

By Joanna Plucinska and Tim Hepher

WASHINGTON (Reuters) — The FAA on Wednesday granted SpaceX a license to test-launch the company's Starship rocket system from Texas, according to the agency's website, paving the way for another early demonstration of a spacecraft crucial to Elon Musk's satellite launch business and NASA's moon program.

Boeing received bad grades in a government audit of manufacturing quality, and the company says it's making changes to address the situation