Aviat Financial News

A panel of aviation experts say the Federal Aviation Administration needs more staffing and better technology to cope with a surge in close calls between planes

London | Macquarie has made its first foray into the green aviation fuel sector, tipping €175 million ($290 million) into Netherlands-based SkyNRG to help it build production facilities in Europe and the US.

NEW DELHI : Foreign airlines have always seen India as a market that feeds their hubs, but that seems to be changing with key foreign carriers from Asia Pacific seeing India becoming an aviation hub, which can be used to connect Africa and the Middle East from their part of the world. Senior executives from Japan Airlines and Thai Airways said they see the potential of India becoming a hub but it may take some time for this to become a reality.

By David Shepardson

Denzel Washington fans, a news to cheer about. Netflix will be coming up with a movie on the Carthaginian general and statesman Hannibal. Netflix has roped in the versatile Denzel Washington to play the lead. The ending of the strikes by SAG-AFTRA and WGA has paved the way for several Hollywood projects that are in the pipeline. The yet-to-be-titled movie will be directed by Antoine Fuqua.

The Dutch government has abandoned, for now, plans to rein in flights at Amsterdam’s busy Schiphol Airport

InterGlobe Aviation Ltd. traded 0.48 per cent up at Rs 2551.85 at 12:38PM (IST) on Wednesday, even as BSE benchmark Sensex gained 601.82 points to 65535.69. The scrip had settled at Rs 2539.65 in the previous session.

Supreme Court had instructed farmers in these states and state governments to immediately cease stubble burning. Following the Supreme Court order, Nitin Gadkari told news agency ANI, "Bitumen, bio CNG, LNG is being made from stubble. 185 projects have started in Punjab, Haryana, Uttar Pradesh to make CNG, LNG.

Long-haul carrier Emirates has signaled it will hold off on a major purchase of Airbus A350 aircraft over concerns about their Rolls Royce engines, marking a major blow for the European manufacturer as it hopes to close the sale during the Dubai Air Show

El Salvador’s government has begun slapping a $1,130 fee on travelers from dozens of countries connecting through the nation’s main airport

Long-haul carrier Emirates says it will buy Boeing Co. aircraft in a deal worth $52 billion

By Roselle Chen

₹60,000 crore plan to upgrade the SU30 MKI fleet into lethal 4++ generation aircraft can be considered a facet of New Delhi’s current policy bent and objectives. While the ‘Super Sukhoi’ will include an array of domestic technologies, two aspects of it are especially revelatory. The induction of the Virupaksha AESA radar system, a gallium nitride derivative of India’s indigenous Uttam radar, followed by planned upgrades to AL31FP aero-engines are cases in point here.

Transport Minister Catherine King says her decision to block Qatar Airways expanding its services into Australia’s four biggest airports was not to protect Qantas, despite earlier claims she had done so to save local aviation jobs and to assist the national carrier’s recovery from the pandemic.

El Salvador has introduced a $1,130 fee on travelers from 57 countries, including India, passing through its main airport. This measure, enforced since the end of October, has drawn attention due to its timing amid increasing pressure from the United States to manage migration flows heading towards its southern border. El Salvador's aviation authority has labeled the fee as an «airport improvement fee,» but the motive behind it remains unclear. Notably, the US has been urging Central American nations to take steps to control the flow of migrants reaching its border with Mexico. While El Salvador has not explicitly linked the fee to migration control, the country has acknowledged a rise in travelers from the specified nations this year. Most affected passengers are destined for Nicaragua, primarily on Avianca, a commercial airline. Nicaragua, with its lenient visa requirements, serves as a transit point for migrants from Haiti, Cuba, and Africa, aiming to reach the US. Earlier this year, an unexpected increase in migrants from Mauritania arriving at the US southern border puzzled officials. Investigations revealed travel agencies and social media influencers promoting routes through Morocco, Spain, and El Salvador before reaching Nicaragua. El Salvador's aviation authority and immigration agency lack specific data on the number of migrants from the listed countries transiting the country in 2023. The US embassy has not confirmed if it played a role in requesting the fee.

By Tim Hepher, Alexander Cornwell and Pesha Magid

Lucid Motors (NASDAQ:LCID) attended the Dubai Airshow where the electric automaker signed a memorandum of understanding (MOU) with Riyadh Air, combining their shared vision of sustainable transportation.

DUBAI (Reuters) -Dubai's Emirates placed an order for 90 more Boeing (NYSE:BA) 777X jets at the opening of the Dubai Airshow on Monday, including both variants of the future long-haul jet.

(Reuters) -China is considering resuming purchases of Boeing (NYSE:BA)'s 737 Max aircraft when the U.S. and Chinese presidents meet this week at the APEC summit, Bloomberg News reported on Sunday, citing people familiar with the matter.

Dubai has long lived by the adage that more is more, and this year's edition of the biennial air show stands to fulfill that principle. Emirates, already the world's largest international airline, is poised to kick off the first day of the event with a major aircraft order to renew its widebody fleet. President Tim Clark has publicly declared that he's in the market for more than 100 planes, possibly buying from both Airbus SE and Boeing Co. Now Turkish Airlines is muscling into the event, planning to one-up the local champion with a giant order for about 350 aircraft, according to people familiar with the negotiations.

By Mike Stone and David Swanson