Aviat Financial News

Kareena Kapoor Khan and Tabu-starrer 'Crew' is set to arrive in theatres on March 29, the makers announced on Friday. The upcoming comedy movie is directed by Rajesh Krishnan of «Lootcase» fame and produced by Rhea Kapoor and Ektaa R Kapoor. Also starring Kriti Sanon and Diljit Dosanjh, «Crew» is set in the world of commercial aviation and promises to take viewers on a thrilling journey. Ektaa R Kapoor's production house Balaji Motion Pictures announced the release date of the movie on their official Instagram account. The same post was shared by Kareena, Tabu, and Sanon.

By Xinghui Kok, Lisa Barrington and Brenda Goh

InterGlobe Aviation Ltd. traded 1.52 per cent higher in Friday's session at 11:06AM (IST). The stock opened at Rs 3163.95 and has touched an intraday high and low of Rs 3176.0 and Rs 3135.5, respectively, during the session so far. The stock quoted a 52-week high of Rs 3301.4 and a 52-week low of 1810.45. About 2,293 shares changed hands on the counter so far.

As the aviation sector seeks ways to make air travel less polluting and more sustainable, aerospace company Embraer and South Korean automaker Hyundai are among the companies betting on a new form of air travel -– air taxis

IIT Guwahati has partnered with EduRade, a brand owned by RC HobbyTech Solutions Pvt. Ltd and incubated at IIT Guwahati Research Park, to start a Remote Pilot Training Organisation (RPTO). Spanning 18 acres and with the capability to fly nine medium-class drones simultaneously, the RPTO at IIT Guwahati is being touted as India’s largest. The RPTO’s main objective is to promote drone technology in the country and meet rising demand for drone pilots. It also aligns with the vision of making India a global drone hub in line with the government's ‘Namo Drone Didi’ initiative.

₹316 crore in funding, bringing the total raised through its preferential issue to ₹1,060 crore. The funding, which comes amid a severe cash crunch, will allow the struggling airline to pursue expansion plans. The budget carrier had to lay off about 15% of its staff, or about 1,500 employees, following a two-thirds reduction in its fleet size for want of funds.

Vande Bharat trains, which are semi-high speed and self-propelled and which showcase India's indigenous manufacturing capabilities. In the 1980s and 1990s, the Shatabdi Express trains held a similar status, often referred to as «desi bullet trains.» These day trains typically return to their origin station on the same day, offering high-speed connectivity between major cities with minimal intermediate stops. In a recent interview, Civil Aviation Minister Jyotiraditya M. Scindia, son of former Railway Minister Madhavrao Scindia, shed light on the genesis of the Shatabdi Express trains. Madhavrao Scindia inaugurated the first Shatabdi Express in 1988, linking Delhi and Jhansi to commemorate Jawaharlal Nehru's birth centenary. An accomplished administrator, Madhavrao Scindia left a lasting legacy during his tenure as Railway Minister from 1986 to 1989 in the Rajiv Gandhi Ministry, where he envisioned the Shatabdi Express as a realization of his dreams. Madhavrao Scindia's vision for the Shatabdi Express was inspired by his observations during visits to Japan and France, where he surveyed their high-speed train systems. Accompanied by his son Jyotiraditya, Madhavrao Scindia gleaned insights from these trips, seeking to imbibe the best practices into India's railway infrastructure. In the interview, Jyotiraditya M. Scindia said that his father used to take him on some trips abroad at his own expenses to give him exposure.

Boeing has removed the head of its troubled 737 MAX programme from the planemaker, amid scrutiny around production and safety measures following a mid-air blowout on a plane last month, Al Jazeera reported. The company also reshuffled its leadership team at the Commercial Airplanes division, according to a company memo sent to staff by Boeing Commercial Airplanes (BCA) CEO Stan Deal, Al Jazeera reported, citing the Seattle Times.

TOKYO (Reuters) — U.S. investment advisory firm Curi RMB Capital on Thursday said it demands that Japan Aviation Electronics and its majority shareholder NEC Corp cancel the ongoing tender offer and reconsider alternative buyout offers they have received.

Boeing says the head of its 737 jetliner program is leaving the company immediately, paving the way for the aircraft maker to appoint new leadership at the troubled division

India will allow foreign airlines to operate non-scheduled cargo flights from all international airports in the country for three years, lifting 2020 curbs that had restricted them to six — Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai. This followed lobbying by exporters against the restrictions. While India had an open sky policy in air cargo that allowed unhindered movement by foreign airlines, the government amended it in 2020 to give Indian carriers a boost. However, exporters have been protesting that goods capacity had shrunk as Indian carriers failed to deploy enough aircraft to meet demand.

Boeing 737 MAX-8 jets in March 2019, staff at his department prepared three very different speeches.They outlined three different scenarios: restricting the aircraft from Canadian airspace, as many countries already had, declaring the MAX-8 safe to fly, as the Americans did, or allowing the aircraft to operate “only if certain standards were met.”The speeches are part of a newly released trove of internal documents on the federal government’s decision to ground the Boeing jets following a deadly 2019 crash in Ethiopia that killed 18 Canadians.Next month marks the fifth anniversary of the disaster.It’s not unusual for staff to draft multiple versions of speeches for ministers. But the fact that each of Garneau’s three prepared remarks contained vastly different decisions on the grounding of the MAX-8 illustrates the uncertainty at Transport Canada over the jets’ safety.Emails, memos and briefing notes obtained by Global News through access to information law show three days of flurried activity at Transport Canada as the agency’s position continuously evolved.

NEW DELHI : Global supply chain challenges that have weighed down Indian airlines the past few years are unlikely to go away anytime soon, going by French aircraft manufacturer ATR’s projections. The company expects its aircraft deliveries to return to pre-covid levels only by 2027-2028, with a gradual easing of supply chain constraints in the aviation ecosystem. In 2023, ATR delivered 36 aircraft, down from 68 in the pre-covid year of 2019.

By Lisa Barrington, Brenda Goh and Joe Brock

United Airlines says a flight heading from San Francisco to Boston had to be diverted after the plane suffered damage to one of its wings

The Singapore Airshow – Asia's largest – kicks off Tuesday with an array of aerial displays including some by China’s COMAC C919 narrow-body airliner

Ryanair, of low cost and sustained profitability, India’s newest airline Akasa Air’s journey to the top of the charts has been rather astounding. The airline, backed by legendary investor Rakesh Jhunjhunwala, who died soon after the launch of the airline in August 2022, is set to cross a milestone. It will fly beyond the Indian borders from March 28 with its first international flight scheduled to Qatar. Notably, this achievement comes in merely 19 months of its going operational. Akasa was granted the licence to fly internationally by the Ministry of Civil Aviation last year on September 20. Exiting 2023 with a fleet size of 22 aircraft, including 21 Boeing 737 MAX 8 and one Boeing 737 MAX 8 200, the first of its kind in Asia, Akasa Air is ready for its next phase of growth. It further fuelled its international flying ambitions when in January the new airline welcomed two Boeing 737 MAX 8 aircraft to its growing fleet. Since it started flying in 2022, Akasa has garnered a market share of 4 per cent as against another low-cost but much older airline SpiceJet's 5.6%. The Indian aviation market is dominated by IndiGo, which has a nearly 60 per cent market share, and the Tata Group whose airlines have a combined share of nearly 26 per cent.

Adani Enterprises started as a commodity trading business in 1988, specialising in agricultural goods and textiles. By the early 1990s, the company broadened its scope to include the import and export of both raw materials and finished products. Then, in the late 1990s, the company began diversifying across various sectors such as infrastructure, logistics and energy.

airlines’ biggest trade group implored oil producers to make more low-emissions aviation fuel, warning the future of commercial air travel depends on the industry’s successful decarbonization. Sustainable aviation fuel is the best available tool for cutting emissions, International Air Transport Association Director General Willie Walsh said at an aviation summit in Singapore Monday. Demand for the cleaner-burning fuel far outstrips supply, even though it can cost three to five times more than conventional jet fuel. “Every bit of fuel that gets produced would be used because this is an existential issue,” Walsh said. “This industry will not be allowed to grow unless we can prove to our customers, regulators, governments, people in general, that we can grow in a sustainable manner.”

Demat accounts more than trebled over the covid period, even as mutual funds drew large inflows. The trouble with the hypothesis of asset-earned holidays is that it’s unclear if we have had a wide enough dispersal of sizeable gains. Retail investors with shares worth over ₹1 crore, for example, can possibly envision dividends (and/or notional capital gains) paying for a family holiday, but it is hard to picture new investors in the same league.

₹32,000 crore. He will also distribute appointment orders to about 1,500 new Jammu and Kashmir government recruits.