Aviat Financial News

American Airlines flight somehow managed to land at Heathrow Airport in London amid high winds generated by Storm Gerrit on Wednesday. The high winds were so powerful that they tilted the Boeing 777 with its wings dangerously angling towards the ground on the runway, but after 10 minutes of pure terror, the pilot managed to achieve balance and the plane made it to the runway unharmed; otherwise, it would have been a tragic accident.

'Son of Blackbird' the SR-72 plane will soon join the US Air Force to improve its aviation abilities and rule the skies. It is set to be a super-fast, hypersonic high-altitude surveillance aircraft. The SR-72 will be able to fire projectiles such as hypersonic weapons more accurately than anything before it. It can reach hypersonic speeds in a flash but more importantly, it can stay at these speeds for a longer period.

By David Shepardson and Valerie Insinna

Strong consumer demand will help India retain its spot as the fastest-growing economy in 2024 despite global headwinds, industry body Associated Chambers of Commerce & Industry of India said Thursday. The chamber noted that consumer demand would likely drive investment in construction, hospitality, and infrastructure, including railways and aviation. “India Inc., led by financials, construction, hotels, aviation, automobile and other manufacturing areas like electronics, are on a strong pitch to further improve performance in the new year,” the body noted in a statement, pointing to low crude oil prices helping drive growth. Construction and infrastructure-related sectors have received a push, with the government capex spending rising so far in FY24. “Sectors like construction have several related industries which too have gained momentum.

compensation by airlines for flight delays, while 40,000 passengers were compensated for cancellations, and for denied boarding, 1,231 passengers got compensation, according to a report published by Hindustan Times. The airline has to facilitate affected passengers due to cancellation and delay in flight by Directorate General of Civil Aviation (DGCA) issued Civil Aviation Requirement (CAR) Section 3, Series M, Part IV titled "Facilities to be provided to passengers by airlines due to denied boarding, cancellation of flights and delays in flights".

severe burn injuries as a bus caught fire after colliding with a dumper in Guna district of Madhya Pradesh on Wednesday night, an official said. The private bus collided head-on with the dumper on Guna-Aaron road, the official said, adding that the injured were rushed to the Guna district hospital for treatment.

IndiGo Airlines has announced the suspension of its flights from Kanpur to Bengaluru for a duration of three months starting from January 1, 2024. This decision has raised concerns, particularly among the residents of Kanpur, with the business community expressing unease, a TOI report stated. The Merchant Chamber of Commerce's vice president, Mayank Khanna, has reached out to IndiGo's headquarters for clarification.

InterGlobe Aviation Ltd. traded at Rs 2930.15 on BSE at 01:29PM (IST) on Wednesday, up 0.31 per cent from previous close. The stock quoted a 52-week low price of Rs 1810.45 and a high of Rs 3006.9.

Malaysia Airlines flight MH370 could be solved soon. It may bring to an end what is regarded as one of the most perplexing aviation mysteries of all time. It all began on March 8, 2014, when the Malaysia Airlines passenger jet with 227 passengers and 12 crew members onboard vanished. It was a normal flight from the Malaysian city of Kuala Lumpur to the Chinese capital Beijing. The flight was commanded by senior pilot Zaharie Ahmad Shah, and first officer, Fariq Hamid and everything seemed perfect for the first 40 minutes of Flight MH370. But the flight lost contact and went out of radar all of a sudden.

InterGlobe Aviation Ltd. rose 0.98 per cent to Rs 2898.25 at 11:16AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session.

India has sought four seats for its carriers against every extra seat it allows Dubai-based airlines to operate to the country, according to people with knowledge of the matter. The demand is said to be unprecedented as international aviation trade is typically a bilateral process, based on the reciprocal exchange of rights by states. Under the bilateral air service agreement inked between the United Arab Emirates (UAE) and India in January 2014, airlines of both nations are allowed to operate a total of 66,000 seats per week between Dubai and 15 Indian cities.

Su-34 fighter-bomber aircraft on Friday on the southern front, hailing it as a success in the 22-month-old war. The Russian military made no mention of the incident. But Russian bloggers acknowledged the loss, and analysts suggested U.S.-supplied Patriot missiles had probably been used. Reuters could not independently confirm the reports. «Today at noon in the southern sector — minus three Russian Su-34 fighter-bombers!» Ukrainian Air Force Commander Mykola Oleshchuk wrote on the Telegram messaging app. Air Force spokesperson Yuri Ihnat described it on national television as a «brilliantly planned operation.» «There haven't been Su-34s for some time in our positive statistics,» he said, citing the model as one of Russia's most modern aircraft for bombing and other assaults. Zelenskiy in his nightly video address praised the Odesa region anti-aircraft unit for downing the planes in Kherson region. The region was occupied in the first days of Moscow's February 2022 invasion.

Shankar Prasad Sharma on Friday said that Nepal and India are working to establish a sister city relationship between Janakpur and Ayodhya. He further said the Nepal Embassy in New Delhi was glad to receive Janakpur Mayor Manoj Kumar Sah and other dignitaries to participate in a program organized by the Chamber of India. «Gald to receive Mayor Manoj Kumar Sah and other dignitaries from Janakpur Dham at @EONIndia. They were here to participate in a program organized by the Incredible Chamber of India.

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U.S. Transportation Secretary Pete Buttigieg spoke Tuesday alongside FAA Administrator Michael Whitaker in Arlington, Virginia.

France after a Nicaragua-bound plane that took off from the UAE carrying 303 Indian passengers was grounded in France over suspected "human trafficking." «French authorities informed us of a plane w/ 303 people, mostly Indian origin, from Dubai to Nicaragua detained on a technical halt at a French airport. Embassy team has reached & obtained consular access.

NEW DELHI : Tata Group-backed Air India is set to induct the first of the 470 aircraft it had ordered, with the Airbus A350 expected to arrive at Delhi airport Saturday morning, people aware of the development told Mint. Air India received regulatory approvals for engineering line maintenance of the A350 aircraft from the Directorate General of Civil Aviation earlier this month. “The aircraft will be put into commercial domestic flight operations for metro-to-metro connectivity by the end of January as it will take at least 3-4 weeks since its arrival in India to complete extensive checks and approvals," an Air India official said.

Many airline passengers still don’t know how to behave. A passenger on a Southwest Airlines flight waiting at the gate in New Orleans last month opened an emergency exit, climbed onto the plane’s wing and jumped to the ground, police said. An American Airlines customer service manager was hospitalized late last month after a passenger being removed from a flight in Miami punched her in the face and pushed her down, her head striking the jet bridge.

Sandip Sabharwal, asksandipsabharwal.com, says “reduced exposure in the sugar space once the dynamics changed because the next six months are a bit uncertain. But subsequently things might be good, so we might add after a few months. We have added into stocks like Voltas, InterGlobe Aviation because Voltas is undervalued relative to growth prospects and there will be a turnaround in performance in the next two-three years and it could perform like Lupin performed after the turnaround.” The asset management space in India is evolving on the listed side and now the representation in the markets is going up. You have been a part of the asset management industry for long, how are the business dynamics, competitive landscape and the yields now? Sandip Sabharwal: There was a phase in between where the regulator was trying to get the cost down for investors. At that time, we saw that despite the assets moving up, the profitability was not moving up and these sectors underperformed significantly. I think the change started from the beginning of last year where that phenomena stalled or stopped and that was no longer the focus of the regulator.

InterGlobe Aviation Ltd. traded at Rs 2868.2 on BSE at 12:43PM (IST) on Friday, down 0.5 per cent from previous close. The stock quoted a 52-week low price of Rs 1810.45 and a high of Rs 3006.9.

LIC The Department of Economic Affairs has decided to grant a one-time exemption to Life Insurance Corp to achieve 25% minimum public shareholding (MPS) within 10 years from the date of listing. GMR Airports NIIF will invest up to Rs 675 crore in the upcoming greenfield airport at Bhogapuram, Andhra Pradesh being developed by GMR Airports. Lupin LupinLife, the consumer healthcare business of Lupin, announced the launch of Softovac Liquifibre, a 100% Ayurvedic liquid laxative. Read more: Here's the trade setup for today's session Maruti Suzuki NCLAT adjourned the CCI matter and listed for next hearing on February 2, 2024. Brigade Enterprises Brigade Group leased office space to Sidvin Core-Tech India. The 10-year agreement is for Grade A office space at Brigade Deccan Heights in Northwest Bangalore. MOIL MOIL production has surpassed 16 lakh tonnes on 20 December.