Aviat Financial News

09.10 / 12:55

UPS Booking Aviat Airlines Mobile country Several airlines suspend flights after attack on Israel

Hamas militants on Israel over the weekend, saying they were waiting for safety conditions to improve. Israel's national carrier El Al was the exception, adding more flights to bring reservists back from around the world to assist in the country's biggest mobilization in history. Fighters from the Islamist group killed 700 Israelis and abducted dozens in Saturday's attacks, the deadliest such incursion in decades, prompting Israel to retaliate by pounding the Palestinian enclave of Gaza. Israel's tourism sector is set to take a major hit as flight cancellations pile up. Tourism makes up 3.6% of total employment in the country, according to OECD data.

09.10 / 06:47

COST UPS Aviat Airlines travelers Costs Fuel surcharge unlikely to recoup IndiGo’s rapidly rising costs

₹350 crore to ₹400 crore a month thanks to this fuel charge, which varies between ₹300 to ₹1,000 per flight, depending on the distance. On the face of it there is nothing exceptional about the fuel charge. In the early 2000s when Kingfisher, Jet Airways and Air Sahara were operational, they levied a fuel surcharge when aviation turbine fuel (ATF) prices shot up and displayed it as a separate part of the airfare.

08.10 / 12:29

Target FIVE Aviat WhatsApp country travelers IIFCL gives wings to aviation sector; sanctions loans worth ₹8,800 crore for infrastructure boost

₹8,800 crore for the industry, Director PR Jaishankar has said on Sunday. "So far, the IIFCL has sanctioned loans of about ₹8,800 crore with the disbursement of around ₹4,000 crore for the development of airport projects," he told PTI. He underlined the need to invest heavily in the industry to achieve the target to develop the civil aviation sector in the country.

08.10 / 09:21

Provident FIVE Booking Aviat Airlines WhatsApp SOLIDARITY Israel-Hamas war: Air India suspends flights to and from Tel Aviv till Oct 14

Hamas fighters raided settlements close to the Gaza Strip and fired thousands of rockets toward Israel. "Our flights to and from Tel Aviv will remain suspended till 14th October, 2023, for the safety of our passengers and crew," a spokesperson of Air India said. Catch live updates of Israel-Hamas conflict The airline would provide all possible support to passengers who have confirmed bookings for the flights that have now been cancelled, the statement added.

08.10 / 07:07

COST UPS FIVE Aviat Airlines Boeing Fundies have five demands for the Virgin Australia float

Local fund managers seem to agree on five things they want from Virgin Australia boss Jayne Hrdlicka when it comes to the airline’s looming initial public offering.

07.10 / 21:15

Aviat Williams Manufacturing BAY show reports recommendations Single component failure caused Washington seaplane crash that killed 10, NTSB says

U.S. investigators have confirmed that a mechanical issue caused the seaplane crash that killed 10 people off an island in Washington state last year

06.10 / 21:13

Provident BLOCK Aviat Airlines Experts reports Department Qantas gave Labor feedback on airline it said didn’t ask to expand

Qantas says it provided feedback to Transport Minister Catherine King on a request from Turkish Airlines on July 7, two weeks before the minister denied the airline had asked for permission to fly to and from Australia.

06.10 / 11:59

COST Aviat Airlines IBC consequences Govt says committed to reducing risks for aircraft lessors

allowing aircraft lessors to recover their planes during insolvency proceedings as well. The ministry said that the earlier IBC regime was impacting the agreements between Indian airlines and foreign lessors.

06.10 / 09:57

Aviat country Now, anybody can become a drone pilot, govt relaxes ID proof requirement

drone pilots, Ministry of Civil Aviation has announced the Drone (Amendment) Rules 2023, which aim to promote and facilitate drone operations across India. One of the key changes is the removal of the mandatory passport requirement for aspiring drone pilots. Previously, having a passport was a prerequisite for obtaining a Remote Pilot Certificate, causing difficulties for many individuals, particularly in the agricultural sector in rural areas.

06.10 / 06:04

UPS Aviat CEO Airlines Air India sets up integrated engineering warehouse in Delhi

Air India on Friday announced that it has commissioned a mega warehouse facility in Delhi to facilitate storage of over 1,000,000 engineering spares that are integral to maintenance, checks and repairs of its aircraft and ground support equipment. The airline said the move will further enhance Air India’s fleet and operational efficiency and strengthen India’s expanding aviation ecosystem. Located in the proximity of Terminal 3, at the Cargo complex of Delhi Airport’s Air Cargo Logistics division, the centralized warehouse sprawling 54,000 sq. ft.

06.10 / 03:37

Provident Aviat Shell reports travelers Department Colleges Updates Sikkim flash floods LIVE Updates: 19 dead, 103 missing in flash floods; school, colleges shut till 15 October

Mint's LIVE blog will update you with the latest news on the Sikkim floods:Hem Kumar Chettri, District Collector, Mangan District said, "We were able to establish contact with Chungthang last night. We came to know that the entire town was full of slush. So, they have engaged machinery to clear the town.

05.10 / 22:57

COST UPS Citi Booking Aviat Airlines travelers IndiGo imposes ₹300-1,000 fuel surcharge on fares

₹300-1,000 on airfares due to the steep rise in jet fuel prices, the airline said. The surcharge will be added to airfares booked from 6 October onwards. “The decision follows the significant increase in aviation turbine fuel (ATF) prices, which have surged in the last three months with consecutive price hikes every month," the airline said.

05.10 / 18:09

UPS Provident Aviat Realside hires hotshot dealmaker Miki Cvijetic

Private investment firm Realside Financial Group has picked up Boab Capital Group’s gun dealmaker Miki Cvijetic to join its structured private credit business.

05.10 / 16:11

UPS Booking Aviat Airlines show Indigo to introduce 'fuel charge' due to rising ATF prices

Airline Indigo on Thursday introduced fuel charges due to rising Aviation turbine fuel (ATF) prices on its domestic and international routes. The said charges will come into effect from October 6.

05.10 / 07:47

FIVE Aviat Airlines economy Metro country travelers Uganda Airlines plans direct flights to Delhi and Chennai

New Delhi: In a bid to strengthen direct connectivity between India and Uganda, the state carrier Uganda Airlines plans to offer direct flights to Delhi and Chennai. The move aims at tapping the demand potential across the Indian community with trade links in Uganda along with leisure traffic, a senior executive at the airline told Mint in an interaction. The airline will launch its first direct flight with the Indian market on 7 Oct with a direct flight between Mumbai and Entebbe.

04.10 / 19:29

Aviat Boeing Inside reports recommendations Jet engine maker CFM says suspect parts found in its own repair shops

By Tim Hepher

04.10 / 17:13

FIVE Aviat Manufacturing WhatsApp love country Corporate investments getting concentrated in few groups, govt should encourage flowers to bloom: Uday Kotak

ALSO READ: China Evergrande shares suspended, China may have some learnings from US, India says Uday Kotak Earlier, Kotak surprised all by stepping down from his executive role four months ahead of the end of the term. He said many corporates are not going ahead with investments and added that we are witnessing 'significant consolidation and concentration' because of this. The concentration can deliver in the short term, but it is in India's long-term interests to have many businesses flourish, he said.

04.10 / 16:36

UPS FIVE Aviat Manufacturing Merit love country Only few large companies investing; policymakers must push for free & fair market: Veteran banker Uday Kotak

Uday Kotak on Wednesday rued corporate investments getting concentrated in a few groups, and urged the government to «encourage many flowers to bloom». Speaking at India Today Conclave here, the richest Indian banker also said that policy is not skewed, clarifying that he respects the work done by big corporations in creating world-class businesses and specifically named Mukesh Ambani-led Reliance Industries. «I am saying something which is close to my heart, there is a significant concentration of new investments happening only by a few groups,» Kotak said.

04.10 / 15:00

Aviat Agency Traffic FAA nominee says agency must address air traffic staffing shortage

WASHINGTON (Reuters) — The Biden administration's nominee to head the Federal Aviation Administration on Wednesday said the agency must address a persistent air traffic controller shortage that has caused flight delays.

04.10 / 13:23

COST Aviat Action Airlines Bill IBC Centre Centre exempts aircraft from moratorium protection of IBC

Insolvency and Bankruptcy Code, 2016. The government’s action comes after the National Company Law Tribunal ruling in Go First’s case which put a moratorium on lessors to repossess aircraft. However, government officials told ET that the notification will not impact the Go First case, as it cannot be applied retrospectively. Lessors are stuck in long court battles as they try to recover their aircraft even though the bankrupt carrier now has the protection of law not to return them despite payment defaults.

04.10 / 11:19

Aviat Airlines Boeing show track reports How Dodgy Spare Parts Got Into Jet Engines, Leaving Airlines Scrambling

The biggest U.S. airlines are searching for thousands of jet-engine parts with fake safety certificates that were installed on their planes, an unusual incident that highlights the complexity and risks in the aerospace global supply chain. The spare parts, from simple nuts and bolts to more critical engine fan blades, went into dozens of jet engines made by a General Electric joint venture during maintenance work.

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