Aviat Financial News

Tata-owned Air India and Vistara have sought approval from their creditors for the merger of the two airlines. Creditors will vote on the proposal on September 23, according to a notice reviewed by ET. The merger plan has been approved by National Company Law Tribunal (NCLT) and Competition Commission of India (CCI).

By Sam Tobin and Tim Hepher

Jyotiraditya M Scindia, along with Arunachal Pradesh Chief Minister Shri Pema Khandu, is set to inaugurate the upgraded infrastructure at Tezu Airport on September 24. The Tezu Airport, nestled in the town of Tezu, is a domestic airport that boasts a single runway and spans across 212 acres of land.

Global Biofuel Alliance. In this editorial, we will dig into this agreement and find out how India benefits from this. Read on… Biofuels are fuels from biomass such as animals, plants and algae.

The pilot of a $100 million stealth fighter jet parachuted safely into the backyard of a home in South Carolina after a malfunction forced him to eject from the aircraft, causing the plane to crash into a wooded area about 60 miles away

airport across Asia-Pacific and the Middle East in offering direct connectivity to foreign destinations, followed by the Doha and Incheon airports. In fact, the Middle East registered a 26% growth in total connectivity in 2022 compared to 2019, with direct connectivity to airports in North America, Africa and Asia-Pacific.

₹200) and a coke ( ₹100), with the total being charged at ₹300. Our updated menu now offers any munchy paired and a glass of juice or coke at ₹200 (the beverage is complimentary).

₹114,000 per kiloliter. This is the third consecutive hike after an 11% total increase seen in the last two months. The bigger worry is that the upward pressure on fuel prices is likely to persist.

New Delhi: In a reply before the Delhi High Court on Tuesday, the Resolution Professional (RP) for grounded airline Go First stated that the airline's aircraft lessors, BOC Aviation (Ireland) Ltd, ACG Aircraft Leasing Ireland, and DAE 13 Ireland Designated Activity Co, should approach the division bench of the court for directives on aircraft maintenance. The RP argued that the single bench should not pass any directives because, according to the "doctrine of merger," the single bench's 5 July order has already merged with the 12 July division bench order of the High Court, which upheld and modified it. Both orders have been upheld by the Supreme Court, and the plea for modification has reached its finality.

IndiGo on Tuesday said it has stopped serving beverages in cans onboard flights and that passengers have the option to get a complimentary glass of juice or coke on purchase of any snack, amid a former Parliamentarian complaining that one cannot buy a soft drink during a flight. BJP member and former Rajya Sabha MP Swapan Dasgupta has complained that one cannot buy a soft drink in an IndiGo flight and said the airline must stop squeezing passengers through all sorts of extras. Against this backdrop, an IndiGo spokesperson on Tuesday said the airline has revamped its services to provide an efficient, sustainable, and affordable snack experience. «This initiative aligns with our commitment to Go Green, as it has saved thousands of cans from being thrown away,» the spokesperson said in a statement. The spokesperson said it has discontinued serving beverages in cans.

Net financial savings of households fell to a nearly five-decade low of 5.1% of GDP in FY23, down from 7.2% in FY22, Reserve Bank of India (RBI) said on Monday. The numbers suggest a severe income crunch and likely transience of the post-pandemic rise in consumption.

The same Ohio river valley where the Wright brothers pioneered human flight will soon manufacture cutting-edge electric vertical takeoff and landing aircraft

crude prices tends to be bad news for India as it has always weighed down on the economy in the past. With Brent crude futures at about $95 a barrel due to supply cuts by oil producing countries like Saudi Arabia and Russia, market participants have begun evaluating its impact with the country importing more than 80% of its oil needs. In addition to the economy, companies in various sectors such as paints, tyres, oil, cement, and aviation also feel the direct pain of rising prices as crude is a key raw material for many of them.

in a collision during an air racing event in Reno in Nevada. The two aircraft collided at the end of the T-6 Gold race on Sunday on the final day of the National Championship Air Races at Reno-Stead Airport. “Around 2:15 p.m.

Last year, Nasa selected 16 individuals—scientists, data and artificial intelligence experts, and aerospace safety experts—to study unidentified anomalous phenomena (UAPs). These sightings—of unidentified flying objects (UFOs) to you and me—are those that can’t be immediately classed as human-made or natural phenomena. With many credible witnesses, often military aviators, having reported seeing such objects, Nasa hopes the findings will help it separate UAPs from surveillance operations by foreign powers, thus ensuring the safety of planes over US skies, especially in restricted areas.

JettWings Airways, the newest entrant in the Indian Aviation sector from Northeast India, on Monday, signed an exclusive agreement with the Aviation Academy in Belgrade, Serbia for its Cadet Pilot Program ‘JettWings Serbia’ at the Serbian High Commission in New Delhi, said the company through its press release. The company said that the academy which will be co-branded as JettWings Serbia is expected to offer programs such as ATP (A) Integrated course and specialised training in areas such as instrument flying, multi-engine operations, and advanced aviation technologies. The new airline said in its statement that it hopes to create its own ecosystem of pilots to meet the long-term expansion plan of the airlines. The said pact was signed between Sanjay Aditya Singh, CEO and MD of JettWings Airways, Dr. Goran Cvijović, Rajat Ahuja, Director, VR Global Ltd., in the presence of His Excellency, Siniša Pavić, Ambassador of The Republic of Serbia in India. «We are excited to launch our Cadet Pilot Program in association with the Serbian Government, a testament to our unwavering dedication to aviation excellence,» said Sanjay Aditya Singh, CEO and MD of JettWings Airways. “We are thrilled to announce the 'JettWings Serbia — Cadet Pilot Program', an exclusive flight training pact signed between JettWings Airways, VR Global Ltd and Aviation Academy of Serbia.

Ohio river valley where the Wright brothers pioneered human flight will soon be manufacturing cutting-edge electric planes that take off and land vertically, under an agreement announced Monday between the state and Joby Aviation Inc. «When you're talking about air taxis, that's the future,» Republican Gov. Mike DeWine told The Associated Press. «We find this very, very exciting — not only for the direct jobs and indirect jobs it's going to create, but like Intel, it's a signal to people that Ohio is looking to the future.

United States Military has sought public help to track or find the missing F-35 jet after a "mishap" caused its pilot to eject on Sunday afternoon. The fighter jet of the US Marine Corps went missing mid-air after an emergency caused its pilot to eject. A stealth-capable US fighter jet vanished, not from prying eyes but rather from the American military, prompting an unusual call to the public to help locate the missing multimillion-dollar plane.

Two pilots were killed on Sunday after their planes collided during the National Championship Air Races and Air Show in Reno, Nevada region of the US, CNN reported citing organisers of the event. “Around 2:15 p.m.

corporate zombification has once again been on an upward trend globally, says a recent study by Bruno Albuquerque and Roshan Iyer at the International Monetary Fund. This, the researchers say, leads to “congestion effects.” Healthy firms experience lower investment, employment and productivity growth as unviable rivals waste resources. Better-quality enterprises also suffer faster exits, and new entrants are slower to arrive.

agricultural produce. Ethanol yielding crops like sugarcane and corn are used for it and their acreage has been increasing across the world. Yet, as it involves a diversion of farm resources away from primary purposes like nutrition, output constraints will kick in sooner than we’d like.