Aviat Financial News

domestic aviation space. It is the pilot shortage at Akasa, the cancelled flights, and irate passengers. Or the hikes in passenger fares following the news, within an hour.

Aleppo, putting them out of action, Syrian state media said on Friday. Syrian Arab News Agency (SANA) cited a military source to report that the missile strikes happened «simultaneously» at 13:50 (local time), causing material damage to the airstrips, which resulted in them being «out of service.» «The Israeli latest aggression comes in the framework of the occupation authorities' continued policy, based on aggression and violation of the international law and the UN convention,» Syrian foriegn Ministry said in a statement as cited by its state media agency. Israel has so far not commented on the strikes on the Syrian airports. Al Jazeera publication quoted Syrian television channel Sham FM as stating that Syrian air defences were activated in response to the attacks on both airports. Damascus and Aleppo airports not only handle civil aviation but also host military bases. Israel has in the past carried out strikes on targets in Syria, including its airports as part of operations believed to be aimed at disrupting Iranian supply lines, Al Jazeera reported. The attacks on the two Syrian airports come ahead of a planned visit by Iran's Foreign Minister Hossein Amir Abdollahian, who on Thursday departed from Tehran for Baghdad and is scheduled to proceed to Syria and Lebanon later. Before his departure, Amirabdollahian addressed reporters in Tehran, stating that the Israeli occupation of Palestinian territories is the primary source of crises in West Asia, Iranian state news agency IRNA reported. The Iranian minister, on his arrival in Beirut, said if the Israeli bombardment of Gaza continues, the war may open on «other fronts».

Malaysian budget carrier MYAirline has abruptly suspended operations less than 11 months after it took to the skies

Civil Aviation Ministry is focused on airports undertaking adequate «fog planning» for better servicing of airlines in the northern states, a senior government official said on Thursday. Civil Aviation Secretary Vumlunmang Vualnam, said the immediate focus is to ensure that the increasing air traffic in the winter season is well serviced in the airports by the airlines. «Winter is coming.

Jettwings Airways on Thursday said it has submitted an Expression of Interest for the grounded Go First, which is undergoing an insolvency resolution process. The carrier, which has its base in Guwahati, recently received a No Objection Certificate (NOC) from the civil aviation ministry to operate as a scheduled commuter airline.

By Tim Hepher

Naveen Jindal, the promoter of Jindal Steel and Power, is understood to have put in an expression of interest (EoI) to buy insolvent airline Go First, multiple highly placed sources close to the development told ET. The Wadia family-owned Go First is India's first commercial carrier to have voluntarily sought bankruptcy protection. The EoI has been submitted by unlisted Jindal Power, which is owned by Worldone Pvt Ltd, a closely held company of Naveen Jindal. Green foray It is not clear whether the company is looking to acquire the airline outright or come in as a strategic investor, the sources cited above said. There were two other bidders for the airline, officials said, but they did not meet the eligibility criteria set out by the creditors. «The government, the legal ecosystem and regulators are moving as swiftly as possible on the legalities to save the airline,» said an official, requesting not to be named.

New insights into the creation of Bitcoin and Satoshi Nakamoto's identity have emerged through an undisclosed email from August 22, 2008, directed to computer scientist Wei Dai. This email sheds light on the early stages of Bitcoin's development and its intellectual foundations.

Titanic wreck, the United States Coast Guard has successfully retrieved the remaining debris, including what is believed to be human remains. The ill-fated OceanGate underwater vessel went missing on June 18 during a mission to survey the final resting place of the Titanic. Onboard were five individuals, sparking an international search and rescue operation.

By Gabriel Araujo

Mint explains why insiders expect the current quarter to be historic. India’s air passenger traffic has more than doubled since 2013. Domestic air passenger traffic for April-September 2023 saw a 142% jump to 112.9 million passengers from 46.6 million during the same period in 2013.

₹121,013 per kl in 2022-2023 and at ₹101,833 per kl so far in the current financial year compared with an average of ₹65,368 per kl in 2019-2020. Jet fuel prices in Delhi rose for a fourth consecutive month to reach ₹118,199.17 per kilolitre (kl) on 1 October, a 32% spike since June.

Saudi Arabia, Kuwait, and Qatar. These rights are allocated based on existing bilateral agreements.

Bank of Baroda: The Reserve Bank of India (RBI) on Tuesday asked the Bank of Baroda (BoB) to immediately suspend further onboarding of customers onto their mobile app ‘bob World’. This ban comes after RBI found material supervisory concerns while onboarding customers onto the app. Any further onboarding of customers of the bank on the app will be subject to rectification of deficiencies observed and strengthening of the related processes, said an RBI release.

(Reuters) — Kerrisdale Capital said on Tuesday it had taken a short position on Joby Aviation over profitability concerns, sending the electric aircraft maker's shares down nearly 5%.

By David Shepardson

₹231 crore. According to media reports, SpiceJet also approached another lessor, Aircastle, to settle their dues against equity but the lessor rejected the proposal. In the case of Willis Lease Finance, the NCLT hearing is in its final stages and a decision is expected soon.

Virgin Australia has recorded its first annual profit in more than a decade after its revenue more than doubled as the airline prepares to relist on the Australian stock exchange next year.

Joby Aviation is working to develop electric-powered aircraft that will take off and land like a helicopter but fly like a small plane

A Senate inquiry into the Albanese government’s rejection of Qatar Airways’ bid to expand flights to Australia says the decision should be immediately reviewed and recommends future airline applications be subject to a formal cost-benefit analysis and examined by the competition watchdog.

Aircraft Recovery Training School on the premises of Kempegowda International Airport here. The newly set up institution is entirely dedicated to providing specialised aircraft recovery hands-on training, equipped with state-of-the-art Disabled Aircraft Recovery Equipment (DARE), it said.