Aviat Financial News

GPS signals that deceive on-board plane systems and complicate the work of airline pilots are surging near conflict zones, industry employees and officials told AFP. A ground collision alert sounds in the cockpit, for instance, even though the plane is flying at high altitude — a phenomenon affecting several regions and apparently of military origin. This includes the vicinity of Ukraine following the Russian invasion two years ago, the eastern Mediterranean and the air corridor running above Iraq, according to pilots and officials interviewed by AFP.

Odisha government has decided to set up a Rs 562-crore aviation training centre to meet future demand for pilots and skilled personnel in the sector, a minister said. A proposal to set up Biju Patnaik Aviation Centre (BPAC) at Birasal airstrip in Dhenkanal district was approved at a cabinet meeting chaired by Chief Minister Naveen Patnaik on Saturday. The proposed centre will provide training for pilots, simulators and cabin crew, Revenue Minister Sudam Marndi told reporters after the cabinet meeting. The training centre will be established in accordance with the Civil Aviation Policy-2022 of the state government, he said.

NEW DELHI : New Delhi: Indian airports are looking to increase efficiency of their air traffic control towers, as aviation focused-UNO Technology witnesses high interest from state-run and private airport operators to introduce new features to their ATC infrastructure. "We aim to work on 3-4 projects per year. We are talking to 2-3 major private airport operators in India.

Karnataka high-level clearance committee chaired by chief minister Siddaramaiah on Friday approved an investment of Rs 2,095 crore from Wistron Infocomm, along with six new proposals and eight additional investment proposals. Wistron Infocomm has sought 15 acres of land at Narasapura industrial area in Kolar to assemble smartphones, IoT products and biotech devices.

Indian pilots are exhausted, battling erratic schedules, consecutive late-night departures and excessive hours. Yet airlines are pushing back against new rules from the aviation regulator that mandate longer breaks and shorter work hours for cockpit crew. Fearful of higher costs and restricted operations, carriers want to delay implementation. They shouldn’t. Instead, India’s aviation industry needs to embrace these rules quickly with the understanding that safer skies and a greater emphasis on working conditions can only help business and lure more customers. The pain of tighter working hours will be short-lived, but the the benefits will be enduring.

Despite fire engines on standby at Los Angeles International Airport, they were not required as the Boeing 777 executed a smooth landing, stopping about two-thirds of the way down the runway, confirmed airport spokesperson Dae Levine. The aircraft was subsequently towed away.

A United Airlines jetliner that lost a tire on takeoff has made a safe emergency landing in Los Angeles

Federal investigators have confirmed an account by pilots who say the rudder controls on their Boeing Max jetliner failed during a landing last month

Supreme Court on Thursday dismissed an appeal by the Jalan Kalrock Consortium (JKC), the successful bidder for takeover of grounded Jet Airways (India), seeking to halt sale of the airline's three aircraft to a Malta-based aviation company. A Bench led by Justice Abhay S Oka upheld the National Company Law Appellate Tribunal's December order that allowed the sale of the aircraft to Ace Aviation VII. The apex court also observed that the sale of aircraft to the aviation company would in fact help the consortium to revive the embattled airline. JKC had challenged the jurisdiction of the NCLT or the appellate tribunal to direct specific performance of the Letter of Intent, saying the LoI does not have a binding contractual value. It further argued that the NCLAT had failed to consider that it was being «prejudiced for the fault of a third party that has no locus to submit an application before the NCLT essentially seeking specific performance against the monitoring committee of the corporate debtor, having no privity to the resolution plan or its implementation.»

Mint. The sale, estimated to be worth ₹3,730 crore ($450 million), will see the offer floor price set at ₹2,925 per share, a 5.8% discount to the last closing price of ₹3,105.7 apiece on the NSE.

Airbus has received approval from aviation regulator DGCA for its new generation H160 helicopter in India. More than 100 helicopters of Airbus, including the single-engine H125, are being operated by various entities in the country. In a release on Thursday, Airbus said its H160 helicopter has been granted the letter of type acceptance by the Directorate General of Civil Aviation (DGCA) that will pave the way for its entry into the Indian market. A multi-role helicopter, H160 can be used for offshore transportation, emergency medical services, private and business aviation and public services, among others.

(Reuters) — General Electric (NYSE:GE)'s aerospace business said on Thursday it expects operating profit to rise to about $10 billion in 2028, as it gains from strong demand for spare parts and services amid an aviation boom.

India boasts a notable presence of women across diverse sectors, including aviation, technology, medicine, and finance. However, despite their significant contributions, there remains a concerning disparity in financial literacy levels among women in the country. Contrary to common perception, financial literacy is not solely a concern for marginalised women; even those with higher education backgrounds require fundamental financial knowledge.

Lufthansa said Thursday it had doubled profits in 2023 on booming demand, as the aviation sector extends a rebound from the coronavirus pandemic. The group reported a net profit of 1.67 billion euros ($1.82 billion), compared to 791 million euros in 2022.

Stock market today: SpiceJet shares have been under bulls' attention since early morning deals. SpiceJet share price today opened upside at ₹62 apiece and went on to touch an intraday high of ₹65.40 apiece on NSE, logging an intraday gain of around 5.50 percent within few hours of stock market opening bell. According to stock market experts, SpiceJet share price is rising today as the aviation company has resolved ₹413 crore dispute with Echelon Ireland Madison One Ltd.

InterGlobe Aviation Ltd. rose 0.97 per cent to Rs 3099.3 in Thursday's trade as of 10:45AM (IST) even as the benchmark Nifty ruled at 22432.5, down 41.55 points. The scrip had closed at Rs 3069.25 in the previous session. The stock quoted a 52-week low of Rs 1810.45 and a high of Rs 3301.4. The company quoted a market-cap of Rs 120027.01 crore on the BSE.

NEW DELHI : The Directorate General of Civil Aviation (DGCA) on Wednesday granted air operator’s certificate to Goa-based Just Udo Aviation Pvt Ltd to operate its airline Fly91. The grant of the air operator certificate marks the completion of all regulatory and compliance requirements for the airline to begin its commercial operations, the airline said in a statement. "We now look forward to commencing the sale of tickets leading to the start of commercial operations soon," managing director and chief executive officer of Fly91, Manoj Chacko said.

aviation regulator Directorate General for Civil Aviation (DGCA) has given new airlines Fly 91 Air Operator's Certificate (AOC). Fly91, which is helmed by top aviation veterans, has the tagline 'Bharat Unbound'. The airline is promoted by Harsha Raghavan, the former head of Fairfax India and Manoj Chacko, former executive vice president of defunct Kingfisher Airlines. The airline will have the new Goa airport built by GMR as its main base, while the coastal state will also house the headquarter of an airline for the first time.

The three services were launched from Dehradun's Jolly Grant Airport on Wednesday. CM Dhami inaugurated the event by lighting a lamp and cutting a cake.

InterGlobe Aviation Ltd. slipped 3.93 per cent to Rs 3061.05 in Wednesday's trade. It hit a high of Rs 3208.95 and low of Rs 3026.85 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 2678.45, while the 50-DMA was at Rs 3056.5. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Nashville told air traffic controllers he could see the runway they were clearing for an emergency landing. But he said he couldn’t reach it.“I’m going to be landing — I don’t know where!” the pilot said before the plane crashed alongside Interstate 40, killing all five people aboard.The pilot had another adult and three children on board, National Transportation Safety Board investigator Aaron McCarter said at a Tuesday news conference. He said the five are Canadian citizens, and the agency is working with the Canadian government to determine their identities.He said it is too early to know what caused the crash.