Aviat Financial News

Ministry of Civil Aviation on Wednesday said various initiatives have been taken to increase the workforce at various authorities, including DGCA, where 114 positions out of the 416 newly created posts have been filled, and the remaining will be filled in a phased manner. Besides the Directorate General of Civil Aviation (DGCA), initiatives have been taken to increase the workforce at the Airports Economic Regulatory Authority (AERA) and the Airports Authority of India (AAI). DGCA employs a team of qualified and experienced aircraft/aeronautical engineers, pilots, and air traffic controllers to carry out its regulatory and oversight functions.

Congress leader Navjot Singh Sidhu on Wednesday sought details of expenditure on the use of a helicopter and a fixed-wing aircraft by the Bhagwant Mann government, accusing it of spending public money on "luxury sorties" for AAP campaigns in other states.Sidhu wrote to the secretary of the Punjab Civil Aviation Department, seeking the information under the Right to Information Act. The Congress leader said the Aam Aadmi Party government, in the last one and a half years, used the aircraft for election campaigning in Gujarat, Himachal Pradesh and other states. «It has come to notice that the Punjab government on various occasions has used the official state chopper and also hired fixed-wing aircraft for campaigns and tours regarding party affairs, I need information on various accounts under RTI,» he wrote.

LISBON (Reuters) — Sustainable aviation fuel (SAF) is likely to stay more expensive than kerosene even when large-scale production kicks in and the cost won't deter airlines from their carbon emission targets, International Air Transport Association (IATA) head Willie Walsh said.

Civil Aviation (DGCA) can act against pilots who have no been compliant with civil aviation requirements (CAR). In a relief to Akasa Air, it further held that there are no restrictions on the DGCA to take action against pilots in case of default. The aviation regulator previously informed the Delhi HC that it lacks the authority to intervene in the employment agreements between pilots and airlines, in response to a plea by budget airline Akasa Air seeking action against those who left without serving their mandatory contractual notice period.

InterGlobe Aviation Ltd. slipped 0.29 per cent to Rs 2397.4 in Wednesday's trade as of 12:33PM (IST). It hit a high of Rs 2411.5 and low of Rs 2384.55 during the session.

Air India is set to give its crew a fresh new look as it prepares to welcome its first wide-body A350 aircraft this year, according to sources. This development coincides with the airline's ongoing rebranding efforts and the merger of Vistara into its operations. Details regarding the new crew uniforms are still under discussion, as insiders are actively involved in the planning process.

Qantas chairman Richard Goyder and new chief executive Vanessa Hudson will front up at a Senate inquiry into aviation landing rights on Wednesday but former boss Alan Joyce will not appear until he returns from overseas.

Pieter Elbers, CEO, IndiGo, tells ET Now about the airline's plans going forward. Edited excerpts:ET Now: Give us an idea of the airline's expansion strategy...Pieter Elbers: Over the past five-six weeks we have added new flights from Mumbai, we have started operations from Mumbai to Nairobi. We have started Mumbai to Jakarta and as recently as this weekend we have launched flights from Delhi to Tashkent and Almaty. So we have expanded from a little over 20 destinations to 32 now.

IndiGo CEO Pieter Elbers to ET Now after the Aviation Working Group (AWG) for the second time cut India's compliance rating with international leasing laws and kept the country on a watchlist with a negative outlook amid a dispute between local airline Go First and its aircraft lessors. The move by AWG, a UK-based entity that monitors leasing and financing laws, came as bankrupt budget carrier Go First is locked in a legal tussle with aircraft lessors seeking to repossess jets. The IndiGo CEO called India as one of the most competitive aviation markets in the world and said there is also a lot of competition in the market. Elbers was speaking at the conference of the All India Management Association (AIMA) in the national capital. IndiGo is the country's largest carrier with a domestic market share of more than 63 per cent and is also expanding its international operations. The airline connects 32 international and 81 domestic destinations. Elbers said India is an incredible and one of the most competitive aviation markets in the world. IndiGo is going through a «maturing phase», he said and stressed on the need for having aviation hubs in India, which is under-served.

(Reuters) — Pilots at Australia's flag carrier Qantas Airways' unit Network Aviation have voted in favour of taking protected industrial action in a ballot that closed on Monday night, the Australian Federation of Air Pilots told Reuters on Tuesday.

India's compliance rating with international leasing laws and kept the country on a watchlist with a negative outlook amid a dispute between local airline Go First and its aircraft lessors. The move by the Aviation Working Group (AWG), a UK-based entity that monitors leasing and financing laws, comes as bankrupt budget carrier Go First is locked in a legal tussle with aircraft lessors seeking to repossess jets. The courtroom battle started after Go First was granted bankruptcy protection in May. Under Indian law, that prevented lessors from recovering 50-plus grounded Airbus planes.

By David Shepardson

Aviation Working Group said with a warning of further downgrading of ratings. Aviation Working Group (AWG) monitors leasing legal and financial laws and operates on a non-profit basis jointly chaired by Airbus and Boeing. India's rating has been lowered from 3.5 out of 5 to 2.

By Group Captain Praveer Purohit (retd)

Faster trains and better roads that cut travel time are eating into the market for short-haul flights, says a news report. This is welcome for a number of reasons. First, short haul flights may not be time-saving at all if you include the time it takes to reach the airport in most cities.

Virgin Australia says the federal government’s “hard to understand” decision not to allow Qatar Airways to fly more services into Australia has undermined its ability to compete with Qantas.

Mint explains: In 2022, an estimated 277,291 foreign tourists landed from Canada in India. This makes the country the fifth largest source nation for tourists behind the US, Bangladesh, UK and Australia. The number of tourists from Canada has grown over three-fold from 2021, when only 80,437 tourists had come.

MUMBAI : Akasa Air, India’s newest airline, is considering raising as much as $400 million, valuing the carrier at $1 billion, two people familiar with the development said. However, this could lead to a dilution of the stake held by the family of late billionaire investor Rakesh Jhunjhunwala, they said. “The fundraising will be done in multiple tranches, with an increasing valuation of up to $1 billion from around $650 million now.

CBC News. He also cited a popular column, which had stated: “The risk of ethnic and sectarian bloodshed in Canada is real." “What I am worried is that the bloodshed is going to be Hindu Canadian’s blood," Arya said. Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! “….the history of the Khalistan movement is filled with violence and killings.

cleanliness drive will be conducted on October 1 responding to Prime Minister Narendra Modi's appeal for «one hour of shramdaan for swachhata», the Ministry of Housing and Urban Affairs said on Sunday.

Celebi India may invest around USD 80 million in the business in the next four years as it eyes more airports besides enhancing cargo capacity, a top company executive has said. The company, which offers ground handling services and cargo operations, also plans to switch to an all-electric fleet across the airports it renders services at present, according to Murali Ramachandran, President for India & S-E Asia at Celebi Aviation Holdings, said. The company currently has the mandate to provide ground handling services at nine airports — Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Cochin, Ahmedabad, Mopa (Goa) and Kannur — and handle cargo operations at Delhi airport through a joint venture with Delhi International Airport Ltd (DIAL). «Celebi has already invested around USD 250 million (since its entry in the Indian market in 2007).