Aviat Financial News

The swift and safe evacuation of a Japan Airlines jet that caught fire after hitting a Coast Guard aircraft while it was landing Tuesday at Tokyo’s Haneda airport reflects the carrier's dogged dedication to safety, born of hard experience

Trinamool Congress (TMC) representative Saket Gokhale has heightened concerns at the Directorate General of Civil Aviation (DGCA) concerning the persisting flight delays plaguing IndiGo Airlines, primarily stemming from issues with crew availability. Directly addressing DGCA's director-general, Vikram Dev Dutt, Gokhale pressed for immediate action and sought a detailed account of measures undertaken by the airline within a week. Concurrently, IndiGo has unveiled a significant development by abolishing fuel surcharges across its domestic and international flights. Effective immediately from January 4, 2024, this decision follows a decline in Aviation Turbine Fuel (ATF) prices.

Pankaj Pandey, Head Research, ICICIdirect.com, says: “We like U GRO Capital. It is a MSME lender. The overall expectation is that the AUM will grow at 50% odd and ROAs will inch up from 1% last year to 3%. We have a target price of Rs 350. We also like Green Ply with a target price of 295. Their MDF plant is operational, the capacity utilization for that should go up going forward and that should fetch better margins. We also like cement as a space, so Birla Corporation is another stock which we are liking with a target price of 1755.” What did you make of the move that we saw within the entire real estate basket, given that it was a stellar up move across the board? Pankaj Pandey: Real estate as a sector has a five, six year cycle, probably we are in the second year of that cycle but unlike 2003 to 2007, our sense is that you will see more of a measured growth both in volumes as well as in pricing, unlike the time earlier when the pricing had sort of gone up.

(Reuters) -U.S. aviation safety officials will provide assistance to Japan in the reading of airplane recorders after a deadly collision between a Japan Airlines widebody jet and a small Coast Guard plane this week.

The runway fire in Tokyo is providing a key test of the safety of carbon-composite material on planes

DGCA has issued show cause notices to Air India and SpiceJet for not deploying pilots trained to operate in low visibility conditions, following diversions of various flights amid dense fog at the Delhi airport in late December. During December 25-28 last year, flight operations were significantly impacted at the Delhi airport, and nearly 60 flights of various airlines were diverted due to dense fog. Last month, airport sources had said that a total of 58 flights were diverted due to bad weather between 0000 hours of December 25 to 0600 hours of December 28.

Delta Airlines has become the most on-time carriers among North American airlines, as per the on-time arrival rankings by Cirium Aviation Analytics 2023. Followed by Delta Airlines, Alaska Airlines, American Airlines, United Airlines, and Southwest Airlines are in the top five. Spirit Airlines, WestJet, Frontier Airlines, JetBlue Airlines, and Air Canada complete the top 10. The leading 10 airlines achieved a 74.45 percent on-time rate for the year across more than 8 million flights, surpassing the 2022 rate by 0.19 percent.

During 2023, a total of 133 planes were inducted in India, a 51% jump YoY (over 2022) as airline companies scrambled to meet rising demand, the Directorate General of Civil Aviation (DGCA) said. Out of the total number cited above, 21 were taken on wet lease. The DGCA said that in line with the anticipated increase in aircraft inductions in 2024, it is «suitably enhancing its regulatory capacity to further speed up the regulatory approvals related to the induction of aircraft». Specific information regarding the measures taken to enhance regulatory capacity was unavailable at the time of writing this. «In 2023, scheduled operators added a total of 112 aircraft to their fleets, marking a 38% increase from the 81 aircraft added in 2022. When considering 21 wet/damp lease aircraft, the overall aircraft induction reaches 133, a substantial 51% rise from the previous year's figure of 88.

Go First Says Lessors Tactically Using Different Forums Against Airline According to a letter by Go First's resolution professional, the company has been formed "by certain Go First" employees for the "collation of aircraft records/documents". The letter further suggested that Go First, via Naik, could facilitate engagements with Maintenance, Repair, and Overhaul firms (MROs) for necessary aircraft maintenance, based on identified needs documented in the records. While most lessors have agreed to the new development, a lawyer representing one of the lessors, however, raised concerns when speaking to the paper.

boarding pass. However, on many occasions, it becomes difficult for you to get the boarding pass without paying an additional fee during the online web check-in process. This happens because the web check-in process has a step where travellers are asked to select a seat where most available seats are assigned a price that they must pay over and above the ticket amount. This looked unfair to most of the air travellers. The issue finally reached Lok Sabha, where the aviation ministry was asked to respond to whether one can get a free seat after paying for the ticket. «Whether it is legal to charge extra amount during online check-in after purchase of ticket and if so, the details thereof,» was the question asked in Lok Sabha on 21 December 2023.

IndiGo on Thursday removed the fuel charges after a recent reduction in ATF prices. The fuel charge was introduced in October 2023, following a surge in Aviation Turbine Fuel (ATF) prices.

TOKYO (Reuters) -Japan Airlines (JAL) estimated on Thursday that the collision of its flight JL516 with a Japan Coast Guard aircraft on Tuesday would result in an operating loss of about 15 billion yen ($104.81 million).

By Tim Hepher, Allison Lampert, David Shepardson and Valerie Insinna

Japan Airlines Co. passenger jet, based on a transcript of Tuesday’s incident at Tokyo’s Haneda Airport. The readout of communications just prior to the crash was released Wednesday by Japanese officials in Tokyo.

emergency landing. Shortly after take-off at 12.58 pm from Patna airport, the air traffic controller (ATC) contacted the pilot to return mid-air due to some technical problem," Patna airport director Anchal Prakash said. The airport official added that a probe is underway to determine the reasons behind the technical problems with the aircraft.

DGCA carried out 5,745 surveillance activities with respect to airlines, airports and approved organisations in 2023 as part of its efforts to ensure compliance and enhance safety standards in the aviation space, The activities included 4,039 planned surveillance and 1,706 spot checks and night surveillance. Subsequently, the findings resulted in 542 enforcement actions, the Directorate General of Civil Aviation (DGCA) said in a release on Wednesday.

Quiver Quantitative — Intro: In our ongoing series of exploring the insights derived from 13F filings, we've often focused on the individual investment moves of renowned money managers. This time, however, we've shifted our lens to a broader perspective. Our aim is to uncover the aggregated investment patterns in specific companies, offering a bird's-eye view of institutional and hedge fund trends. In this edition, we delve into three distinct yet equally intriguing large-cap companies: Applovin Corp, ONEOK Inc (NYSE:OKE), and Super Micro Computer (NASDAQ:SMCI) Inc. We’ve defined large cap companies as those with a market capitalization larger than $10 billion. By analyzing the institutional/hedge fund holders and market performance of these firms, we hope to provide a clearer picture of their standing in the current financial landscape.

By Kaori Kaneko, Lisa Barrington and Daniel Leussink

collision of two airplanes at Tokyo's Haneda airport, weeks after the global airline industry heard fresh warnings about runway safety. All 379 people aboard a Japan Airlines Airbus A350 escaped after a collision with a De Havilland Dash-8 Coast Guard turboprop that killed five of six crew on the smaller aircraft.

Mint that the civil aviation ministry is working on a national aviation hub policy to encourage Indian airlines in international expansion. The policy may also introduce differential charges for Indian and foreign airlines at airports in the country. “I think it is time with around 15.5 crore domestic and 6 crore international passengers that we look at creating a hub in India; earlier, we didn’t have the numbers.

Akasa Air is set to close an order for around 150 Boeing 737 MAX narrowbody planes, two sources said, its latest bid to tap the travel boom in the world's fastest-growing aviation market. Contract negotiations are ongoing and a deal is expected to be announced at Wings India, the country's largest civil aviation event scheduled for Jan. 18-21, said the two sources familiar with the ongoing talks. An Akasa spokesperson said the airline does not comment on speculation, while Boeing did not respond to Reuters' queries.