Aviat Financial News

DGCA has mandated that at least 25 per cent of the air traffic controllers, aircraft maintenance engineers, and personnel carrying out safety-sensitive work at an airport will have to undergo a breath analyser test daily. The revised Civil Aviation Requirements (CAR) in this regard will come into force after three months, the Directorate General of Civil Aviation (DGCA) said in a release on Thursday. Currently, the breath analyser test percentage required is 10 per cent and that has been increased to 25 per cent. It will be applicable for air traffic controllers, ground staff, aircraft maintenance engineers, and ground handling services personnel right.

The Federal Aviation Administration is giving Boeing 90 days to come up with a plan to fix quality problems and meet safety standards for building new planes

Mint explains the flight path of recovery and the challenges associated with it. Running an airline is a risky business. Virgin Atlantic founder Richard Branson has famously said: “If you want to be a millionaire, start with a billion dollars and launch a new airline." Revival of airlines is challenging as a profitable carrier is an output of several things, such as the right fuel price band, perfect aircraft type, solid maintenance contracts, great network, good slots at airports, skilled workforce etc.

By David Shepardson

Lucknow, Uttar Pradesh, 28/02/2024: Shankh Aviation Private Limited, spearheaded by young and dynamic entrepreneur Mr. Sharvan K.Vishwakarma, is set to make a significant mark in the aviation industry with the launch of its new venture, Shankh Air, from the heartland of Uttar Pradesh, Lucknow. With a formidable presence in Infrastructure & Trading, Mr.

₹1.15 trillion ($14 billion), a staggering 161% rise from the ₹44,013 crore in 2022, and way higher than any other year in the past 10. The sectors that saw the most significant promoter selling included financial services, power, automobiles, metals & mining, and technology.

₹250 Crore) dispute, avoiding a prolonged legal battle, on February 29, as per an official release. The settlement was reached through mutual negotiations and approved by the National Company Law Tribunal (NCLT) last week. The formal withdrawal of the case is scheduled for March 1, 2024.

SpiceJet has mutually settled its Rs 250 crore dispute with AerCap's subsidiary Celestial Aviation, the company said in a stock exchange clarification on Wednesday. With this, the company said it will avoid litigation and save Rs 235 crore. «The representatives of both Parties informed a bench of National Company Law Tribunal (NCLT) last week that settlement terms had been reached and requested an adjournment. The Court graciously granted the adjournment,» it said in a release.

Wisconsin Gov. Tony Evers is again asking Republican legislators to release $125 million set aside to combat pollution from so-called forever chemicals

Boeing is not as committed to safety as it claims it is, an FAA report concluded.

CBI director to file a status report in the Embraer aircraft deal corruption case, noting the probe is not complete even after seven years and no purpose will be served to proceed with the trial with a «half-baked case». The agency had filed a charge sheet against arms dealers Arvind Khanna, advocate Gautam Khaitan and businessman Anup Gupta on June 1 last year in the corruption case where kickbacks to the tune of USD 5.76 million were allegedly paid to swing a three-aircraft deal with the DRDO in favour of the Brazilian firm. The court had taken cognisance of the charges against the accused last year, but the trial could not proceed because the CBI did not apprise the court of how much more time was required to conclude the investigation. Underlining that the investigation is not complete even after seven years of registering the case, special judge Gaurav Rao said, «Let a detailed report be filed by the IO (Investigating Officer), duly forwarded by the Director CBI, as to how much time he requires to conclude the investigation as the reports already filed so far are almost verbatim of the previous reports.»

through 2026, with as many as 650 aircraft sitting idle in the first half of 2024. Over 40 airlines and lessors globally, including IndiGo, have been impacted by Pratt & Whitney’s engine issues.

China’s C919 single-aisle jet made its international debut at the Singapore Airshow, attracting masses of visitors and hundreds of orders, but analysts say it still has a long way to go before it can compete with aircraft from market leaders Boeing and...

Spicejet, Monday, informed the National Company Law Tribunal that the airline has settled the matter with aircraft lessor Celestial Aviation, with only a few formalities that needed to be sorted out. The senior counsel for the budget airline requested a week from the tribunal, after which he noted that Celestial would withdraw the insolvency petition. On the other hand, the counsel for the aircraft lessor also recognised that settlement talks were underway and that he would withdraw if the deal was finalised.

IndiGo airlines has come under major criticism after a passenger shared a video on social media, showing cockroaches in the food area of one of their aircraft. Tarun Shukla, an aviation journalist who posted the video, wrote on X: «Cockroaches and in the food area of a plane (anywhere for that matter) are just truly awful...» Hygiene Concerns Raised The video has once again raised questions about the airline's hygiene standards on board. In response to the incident, IndiGo has taken immediate action by thoroughly cleaning and disinfecting their entire fleet to ensure the safety of their passengers.

President Mohamed Muizzu regarding the presence of «thousands of Indian military personnel» in the Maldives. Shahid stated that there are no armed foreign soldiers stationed in the country, labeling Muizzu's assertions as «just another in a string of lies.» In a social media post, Shahid, who is also the newly elected president of the Maldivian Democratic Party, emphasized the importance of transparency and the need for the truth to prevail. He highlighted the current administration's failure to provide specific numbers, questioning the credibility of Muizzu's claims. The removal of Indian troops from the Maldives was a key campaign promise of Muizzu's party. Currently, approximately 70 Indian troops, along with Dornier 228 maritime patrol aircraft and two HAL Dhruv helicopters, are stationed in the Maldives. Muizzu had formally requested the Indian government to withdraw its military personnel from the country on the second day of assuming office.

Mohamed Muizzu about “thousands of Indian military personnel" were just another in a string of lies. In a post on X (formerly Twitter), the newly elected president of the Maldivian Democratic Party said, “100 days in, it's clear: President Muizzu's claims of 'thousands of Indian military personnel' were just another in a string of lies. The current administration's inability to provide specific numbers speaks volumes." "There are no armed foreign soldiers stationed in the country.

India and the United States are expected to hold the Homeland Security Dialogue on February 28, 2024, officials have said. Union home secretary Ajay Bhalla will lead the talks with his US counterpart. The two sides are expected to discuss cooperation in counterterrorism, cyber security, illegal mobility, extradition, aviation security, global supply chain and maritime security among others. The homeland security dialogue was last held in January 2022. According to North Block officials, senior officers from the two sides will participate in the day-long meeting. India is expected to hand over a list of more than 100 fugitives wanted by law enforcement agencies who have taken shelter in the US, according to those familiar with the details. New Delhi is likely to raise the use of digital space and how it is being exploited by terrorist groups for propagating radical views, recruitment and funding terrorism. The drug seizures by the Narcotics Control Bureau (NCB) will be shared by the Indian side seeking cooperation from the US Drug Enforcement Administration (DEA). NCB recently seized drugs worth ₹75 crore following inputs from the US DEA. The mastermind behind an international drug cartel was identified as a Tamil film producer, who is on the run.

Associated Press, citing NORAD spokesperson John Cornelio, NORAD sent fighter pilots to probe and noted that it "did not pose any threat to the national security". However, there has been an increase in attention drawn to sightings of balloons traversing the United States following the military's interception and destruction of a Chinese surveillance balloon that traversed a significant portion of the nation last year.

sustainable, aerospace company Embraer and South Korean automaker Hyundai are among the companies betting on a new form of air travel — air taxis. Hyundai's Supernal and Embraer-backed Eve Air Mobility are developing electric aircraft that take off and land vertically. The idea is that such air taxis might provide a sustainable form of air transport for densely populated cities and areas with less developed public transport networks. Experts say they could help offset carbon emissions from the traditional aviation sector, but there are plenty of technological and regulatory challenges to making air taxis commercially viable.

₹7,000 crore rescue plan for bankrupt airline Go First, two people aware of the development said. Go First's committee of creditors on Friday discussed this bid, as well as a rival bid from Sky One, the people cited above said on condition of anonymity. “The joint bid by Singh is higher than the other party (Sky One).