Aviat Financial News

White House said on Monday that Vietnam Airlines' deal to buy 50 737 Max jets from U.S. planemaker Boeing is worth $7.8 billion. The statement confirms the deal value that Reuters had reported on Sunday, citing a source.

The Western Australian tourism minister wants new Qantas boss Vanessa Hudson to sort out a long-running dispute with Perth Airport over when the airline’s flights will move to a new central terminal.

Boeing 737 Max jets in a deal valued at about $7.5 billion, a person familiar with the talks told Reuters on Sunday. Wording of the impending deal, which confirms a Reuters report from last week, comes as U.S. President Joe Biden visits Hanoi to boost ties with the former foe. Boeing and Vietnam Airlines did not immediately respond to requests for comment. The deal would be worth up to $7 billion at list prices, and usually companies that buy in bulk get discounts, but the person familiar with the talks did not comment on this. Boeing has a deal with Vietnam Airlines' rival VietJet for the sale of 200 of its 737 MAX planes. Vietnam was the world's fifth fastest-growing aviation market in 2022 when it lifted COVID-19 travel restrictions, according to the International Air Transport Association (IATA), which predicts the country will serve 150 million air transport passengers by 2035. Boeing 737 Max jets were grounded worldwide for months after two fatal crashes in Indonesia and Ethiopia in 2018 and 2019.

Indian Air Force, would be in Spain this week where he would receive the first C-295 transport plane made for India by global aircraft manufacturer Airbus for India at a facility in Seville. The Indian Air Force has signed a contract for 56 of these planes of which 16 would be made in Spain while the remaining 40 would be produced by the joint venture of Tata and Airbus in their facility in Vadodara, Gujarat. «The IAF chief would receive the first aircraft from Airbus at their facility in Seville, Spain on Wednesday. The aircraft would be flying to India from there after the ceremony,» defence officials told ANI. The aircraft is the first of the 16 planes that India has ordered. The aircraft is expected to be inducted formally into the service at a ceremony in Hindan around September last week. The Indian Air Force chief was personally involved in the contract at important stages as the Deputy Chief of Air Staff where he was leading the contract negotiations. The Indian Defence Ministry and Airbus Defence and Space, Spain signed a contract for procurement of 56 C-295 aircraft for the Indian Air Force in September 2021.

Ayodhya's much-anticipated Maryada Purushottam Shriram International Airport is gearing up to establish direct air connectivity with the national capital, Delhi, and three other major cities across India. As per a TOI repor, Airport director Vinod Kumar said that the initial phase of operations at the Ayodhya airport is set to commence this November, with direct flights connecting the sacred city to Delhi, Mumbai, Bengaluru, and Hyderabad. Ayodhya district magistrate Nitish Kumar shared insights into the airport's construction, revealing that it is being executed in three meticulously planned phases. The project has successfully acquired an expansive 821 acres of land to facilitate this ambitious endeavor. In the first phase of development, the construction of the runway has been completed, boasting the capacity to accommodate aircraft operations seamlessly under diverse weather conditions, day and night.

Narendra Modi on Saturday announced the launch of the Global Biofuels Alliance. A total of 19 countries and 12 international organizations have so far agreed to join the alliance, including both G20 members and non-member countries. India, Brazil and the US are the founding members of the alliance.

Investigators say one of the engines on a United Airlines jet broke up over Denver in 2021 because of wear and tear on a fan blade that wasn't adequately inspected for signs of cracking

By David Shepardson

A helicopter has crashed off the coast of the United Arab Emirates, killing one pilot while another remains missing

The Federal Aviation Administration is considering requiring that all planes be equipped with technology designed to prevent close calls around airports

Joe Biden arrived in national capital Delhi on Friday to participate in the G20 Summit to be chaired by Prime Minister Narendra Modi. US President Biden, along with Janet Yellen, went for closed door meeting with PM Modi on Friday, after the former arrived in India. He was received at the airport by Minister of State for Road Transport & Highways and Civil Aviation Gen VK Singh (retd).

Akasa Air on Friday announced the graduation of its first batch of pilots who have successfully completed their command upgrade training. First Officer Shantanu Patil and First Officer Rahul Sinha were the first batch of pilots who successfully completed their training and graduated to becoming pilots in command. «These dedicated and skilled professionals have graduated from First Officers to Captains, marking a significant milestone not just in their careers, but also for Akasa,» the company said in a press release. Congratulating the first batch of pilots at a ceremony held in Mumbai, Vinay Dube, Founder and Chief Executive Officer at Akasa Air said, “We are immensely proud to celebrate our first batch of pilots who have successfully transitioned to the role of Captains through our internal upgrade program.

By David Lawder

A helicopter crashed off the coast of the United Arab Emirates, with two pilots now missing

President Joe Biden has nominated a former Obama administration official to lead the Federal Aviation Administration, which has been without a permanent leader for a year and a half

Bloomberg. The delay in deliveries is most likely to create an issue for Indian aviation firms like Air India and Akasa Air which are waiting for plane deliveries. Chief Financial Officer Brian West said at an investor conference on Thursday that narrowbody handovers will be near the bottom of Boeing’s goal of shipping 400 to 450 of the popular 737 jets this year.

Airbus on Thursday inked a pact to collaborate in the fields of research, teaching, and training of students to deepen understanding of scientific, technological, and management topics pertaining to the aerospace sector. The Memorandum of Understanding was signed by Remi Maillard, President and Managing Director, Airbus India and South Asia, and Manoj Choudhary, Vice-Chancellor, Gati Shakti Vishwavidyalaya (GSV), in the presence of Railway Minister Ashwini Vaishnaw and Railway Board Chairperson and CEO Jaya Varma Sinha. «GSV will focus on intense industry-academia partnerships.

Airbus C-295 tactical military transport aircraft this month, an official of the European aircraft manufacturer said on Thursday. «The first C-295 aircraft will be delivered to the Indian Air Force this month only,» Remi Maillard, Airbus India President and Managing Director, told a press conference here. Maillard was interacting with reporters after Airbus inked a memorandum of understanding with the Gati Shakti Vishwavidyalaya to train engineers for the aviation sector. An Airbus functionary said that Indian Air Force chief Air Marshal V R Chaudhari will travel to Seville in Spain to take the delivery of the first C-295 aircraft. India had inked an agreement with Airbus for supply of 56 C-295 military transport aircraft in September 2021. As per the agreement, 40 aircraft will be built at the facility set up by Tata Advanced Systems Limited in partnership with Airbus at Vadodara. Airbus will supply 16 aircraft in fly away condition from its facility in Spain. The C-295, having 5-10 tonne capacity, is used for tactical transport of up to 71 troops or 50 paratroopers, and for logistic operations to locations that are not accessible to current heavier aircraft.

President Joe Biden will nominate a former Obama administration official to lead the Federal Aviation Administration, which has been without a permanent leader for a year and a half

“We have signed a contract for 56 C295 aircrafts with the Indian Air Force, 40 of these will be fully manufactured, assembled, and maintained out of India,” Maillard told ET adding that the balance 16 aircrafts will come in fly away condition from Spain. “The first C295 aircraft will be delivered to the Indian Air Force this month itself.

Green hydrogen is being touted around the world as a clean energy solution to take the carbon out of high-emitting sectors like transport and industrial manufacturing