Aviat Financial News

Rohit Srivastava, Founder & Market Strategist, Indiacharts.com, says “we are right now in the process of taking the 20-week average. Once we do that, once we start staying below the 19,400 mark, which we are doing now for quite a while, then we are headed towards 18,900-18,800. So that is going to be the next level that we are going to be watching out for.” What is your view on the charts? Do you think we could see a further fall for the benchmark indices? My sense is that markets have weakened on daily and weekly timeframes. We are seeing sell signals on momentum indicators for the key indices and what that really means is that we are right now in the process of taking the 20-week average. Once we do that, once we start staying below the 19,400 mark, which we are doing now for quite a while, then we are headed towards 18,900-18,800. So that is going to be the next level that we are going to be watching out for. It possibly could happen in the next couple of days the way it is moving right now. We will watch the current action till Friday or Monday.

The Federal Aviation Administration finally has a Senate-confirmed leader

Aviation experts say the incident in which an off-duty pilot tried to disable a jetliner in midflight renews questions about the threat posed by insiders — airline workers who have special access to places where passengers can't go

WASHINGTON (Reuters) — The U.S. Senate on Tuesday voted 98-0 to approve President Joe Biden's nominee to head the Federal Aviation Administration, Michael Whitaker, as the agency faces questions about near-miss safety incidents and air traffic control staffing issues.

By Karl Plume

(Reuters) — An off-duty pilot accused of trying to shut off the engines of an Alaska Airlines jet on a weekend flight over the Pacific Northwest was due to make his first court appearance on Tuesday in Portland, Oregon, where he faced 83 counts of attempted murder.

An off-duty pilot riding in the cockpit of a Horizon Air passenger jet tried to shut down the engines in midflight

By Rajesh Kumar Singh and Abhijith Ganapavaram

An off-duty Alaska Airlines pilot has been charged with 83 counts of attempted murder after he allegedly tried to disable the engines of a passenger plane mid-flight.

(Reuters) — Qantas Airways said on Tuesday the company and China Eastern Airlines (OTC:CEAYY) have withdrawn their application to Australian competition regulator that sought to extend their joint business.

Australian fuel giant Viva Energy’s operating and shipping costs will be higher thanks to challenges linked to prolonged maintenance at its troubled flagship Victorian refiner.

aviation regulator has suspended operations of Redbird Flight Training Academy, taking action against India's largest flight training school after its aircraft was involved in a fifth serious incident in the past six months. «This is the fifth accident of your academy in the past six months, pertaining to engine failure or other maintenance issue,» said an order issued by the Directorate General of Civil Aviation (DGCA), after a training aircraft of the academy, on October 22, was forced to make an emergency landing in a field shortly after taking off from its centre at Baramati. «The DGCA will carry out an audit of the maintenance practices carried out by your organisation and proficiency checks of your instructors and designated examiners.» The emergency landing was reported just three days after another incident involving the academy aircraft on October 19. Redbird Aviation has bases in Baramati, Gulbarga, Lilalbari, Belgaum and Seoni in India, and one in Sri Lanka.

(Reuters) — An Alaska Airlines flight bound for San Francisco was diverted to Portland, Oregon Sunday after a jump seat passenger inside the cockpit attempted to disable the aircraft engines, according to an Federal Aviation Administration notice seen by Reuters.

Adani Ports and Special Economic Zone Limited (APSEZL) on Monday incorporated a wholly owned subsidiary company “Udanvat Leasing IFSC Limited” which is involved in the business of owning and leasing of aircrafts, the company informed in an exchange filing. The new company is situated in GIFT City, Gandhinagar and is yet commence its operations, the Gautam Adani led company further said.

Times of India quoted Baker as stating in a letter to the carrier's employees. The airline has, till date, expanded itself to a fleet of 248 modern and fuel-efficient aircraft, and is serving at over 160 destinations across the world, he reportedly added.

Virgin Australia ground staff could walk off the job as talks over pay and conditions stall, and the Transport Workers Union claims the airline is leaving baggage handlers in “pay poverty”.

Aryaman Scindia, son of Union minister Jyotiraditya Scindia, says the doors for his entry into politics are not closed and he may join it at some stage. In an interview to PTI, Scindia said he would like to give a «millennial touch» to the country's politics, focusing it on issues affecting youngsters, if he takes the plunge in the future. Scindia, who had earlier expressed his unwillingness to join politics, said politics with a focus on youngsters has economic dividends as well.

Spirit Airlines is canceling about 100 flights because it's pulling some planes out of service for inspections

Akasa Air might be slowly coming out of the turbulence caused by sudden pilots' exits but the airline's chief Vinay Dube is «dead set against» the idea of having any kind of no-poaching agreement between airlines, asserting that it will not be right. The airline, which has been flying for more than a year, has more than 450 pilots and the number will go up as it expands the fleet from 20 aircraft now. «We had about 330 pilots in April.

InterGlobe Aviation Ltd. traded 3.5 per cent down at Rs 2436.7 on Friday at around 02:09PM (IST), while the benchmark BSE Sensex declined 209.31 points to 65419.93. As many as 8,432 shares changed hands on the counter with a total value of Rs 2.08 crore.

According to a document that was submitted by the United States Department of Justice (DOJ) on October 4, 2023, two luxury aeroplanes worth several millions of dollars that are held by Samuel Bankman-Fried are now potentially vulnerable to forfeiture. The petition states that the foundation for the action to forfeit the property belongs to «offences described in Counts One through Four and Seven of Indictment 22 Cr. 673 (LAK)» committed by Bankman-Fried. Both a Bombardier Global 5000 BD-700-1A11 and an Embraer Legacy EMB-135BJ are named as the aircraft in question here.