Aviat Financial News

Airports Authority of India (AAI), the Delhi Pollution Control Committee and others to file their objections within two weeks to the maintainability of a plea seeking directions for prohibiting landing and take-off at airports in the national capital at night. The NGT was hearing a petition which sought directions to ban landing and take-off, except for international flights, at the Indira Gandhi International (IGI) Airport and all other airports located within the city limits from 10 PM to 6 AM due to noise pollution.

₹2,745.95, on July 13, 2023. Since then, it has shed 8 percent to currently trade around ₹2,519. However, it has jumped 44 percent in the last 1 year and over 25 percent in 2023 YTD, giving positive returns in 6 of the 10 months so far in the current calendar year.

President Joe Biden's pick to lead the Federal Aviation Administration has moved a step closer to Senate confirmation

Proxy adviser Ownership Matters says Qantas shareholders should vote against the re-election of Todd Sampson to the airline’s board, and hold him accountable for brand and reputation issues.

Treasurer Jim Chalmers has reinstated the competition watchdog’s mandate to monitor Qantas and Virgin Australia, as a Coalition motion to extend a probe into aviation was blocked by the Greens and independent senator David Pocock.

(Reuters) — Australia's Qantas Airways said on Thursday it will drop the A$611 million ($387 million) plans to buy out charter flight operator Alliance Aviation Services after the country's competition regulator blocked the deal in April.

NEW DELHI : Indians will spend $410 billion on travel and accommodation by the end of the decade aided by a growing economy, swelling incomes and youthful population, a new study said. This is about three times the amount ($150 billion) spent in 2019, the last pre-covid year of normal consumption. Indians are keen on non-traditional accommodation such as hostels, campsites, vacation rentals and chalets, the study by Booking.com with knowledge partner McKinsey & Company said.

weight limits for their checked baggage as automated baggage drop machines have been introduced. The leeway previously provided by airline ground staff to accommodate minor variations in weight has been eliminated.

InterGlobe Aviation Ltd. traded 1.01 per cent up at Rs 2572.4 at around 12:53PM (IST) on Wednesday. The stock had closed at Rs 2598.8 in the previous session.

NEW DELHI : Low-cost airline IndiGo has almost doubled its share of India’s international flights in the first quarter of FY24 from the corresponding pre-pandemic period, expanding its lead in this lucrative segment. Between April and June, IndiGo, the largest domestic airline, has achieved a 17.2% market share, among both Indian and foreign airlines operating on international routes, up significantly from 9.6% in the June quarter of 2019, according to data from the Directorate General of Civil Aviation (DGCA). In comparison, foreign aviation giant Emirates’ share of total international passengers dropped from 9.7% to 8.6% during the period under consideration.

Qantas chief executive Vanessa Hudson’s task of rebuilding the airline’s battered reputation has become even more complex, after head of loyalty and the steward of the Frequent Flyer business, Olivia Wirth, resigned.

Ahmedabad airport's proposal to sharply raise user charges for charter flights during the ongoing ICC Cricket World Cup. The airport has increased ground handling charges by more than 10 times, sparking a backlash from major airlines, who have now sought government intervention, arguing that such a sudden increase is illegal and will make charter operations unviable. The Airport Economic Regulatory Authority (AERA), which fixes airport tariffs, for a period of five years, issued a notice on Friday evening saying that levying charges and tariffs that have not been approved by the authority is illegal. “A few airport operators are levying charges without taking approval, resorting to unethical practices. All airport operators are directed to refrain from levying charges which have not been approved by the authority,” AERA said in a notice seen by ET. People familiar with the matter said AERA has also summoned the top management of the Ahmedabad airport on According to the tariff list issued by the Ahmedabad airport in September, the airport has levied a minimum of Rs 265,000 as general aviation charges for any charter flight carrying more than 15 passengers.

drones revolutionise military, commercial and other activities, an imperative need for 'traffic management' of these flying objects has emerged with a start-up by two entrepreneurs from Assam providing solutions for it. Already working with the Indian Air Force for detection and counter-measures of drones, the duo has now come out with an intelligent airspace management platform, which was launched at the 'East Tech 2023', a two-day defence expo which concluded on October 11.

Putin will travel to China this week to meet Xi Jinping, the Kremlin chief's first trip outside the former Soviet Union this year. What are the five things to watch for at the meeting?

Sri Lanka restarted a ferry service between Nagappatinam in Tamil Nadu and Kankesanthurai (KKS) near Jaffna on Saturday—nearly four decades after it was suspended--as part of efforts to put in place connectivity initiatives that would push South Asian integration. A vessel named ‘Cheriyapani’ left Nagappatinam for Kankesanthurai with 50 passengers and was scheduled to return by evening with passengers from Sri Lanka. The ferry service initiative was announced by Prime Minister Narendra Modi and Sri Lankan President Ranil Wickremesignhe during the latter’s visit to India in July. The high-speed ferry, operated by the Shipping Corporation of India, has a capacity of 150 passengers. It can cover the distance of about 60 nm (110 Km) between Nagapattinam and KKS in about three and a half hours under good weather conditions, officials said. Ferry services between India and Sri Lanka were suspended in the 1980s for security reasons.

private jet flights-four times the usual traffic-will ferry some of India's wealthiest people to and from Ahmedabad, as per data from the city airport. Reason: the much-awaited India-Pakistan match of the ICC World Cup to be held at the Narendra Modi stadium, the world's largest cricket ground, on Saturday. The 48-match tournament runs till November 19. The Ahmedabad airport has run out of parking slots for private jets, said a person in the know. It's giving conditional approval to some of these jets and asking the rest to park at other airports such as Surat and Mumbai. «The last time we saw such massive demand for private jets was during Isha Ambani's wedding,» said Kanika Tekriwal, founder of JetSetGo, a charter operator and aggregator, referring to the opulent wedding of India's richest man Mukesh Ambani's daughter.

Chhatrapati Shivaji Maharaj International Airport's (CSMIA) comprehensive post-monsoon runway maintenance plan, both runways - RWY 09/27 and RWY 14/32 will be temporarily non-operational on October 17 from 1100 hours to 1700 hours," as per the statement. The statement further read, “CSMIA in co-operation with all key stakeholders has effectively scheduled flights to ensure smooth completion of the maintenance.

Mukesh Ambani owns one of the world’s most expensive private jets and even gifted his wife an Airbus A319 for her birthday. Gautam Adani has three private jets, housed in a $50 million hangar. Neither of them owns an airline, though.

Air India Express, which is in the process of merging AIX Connect with itself, plans to induct 50 new B737 MAX planes in the next 15 months as the Tata Group bolsters its aviation business. Besides, the combined entity of Air India Express, also the country's first international budget carrier, and AIX Connect, formerly known as AirAsia India, will be launching its new brand on October 18. In a message to staff this week, Air India Express and AIX Connect Managing Director Aloke Singh said key milestones, including migration to a common reservations and check-in system, have been achieved in terms of integration of the two carriers.

BEIJING — Self-driving air taxis are one step closer to reality in China.

A 65-inch TV screen has pride of place in Vanessa Hudson’s office at the Qantas headquarters in Mascot, monitoring in real-time the airline’s schedules across its domestic and international markets.