Aviat Financial News

ALSO READ: After Udhayanidhi Stalin, DMK's A Raja calls Sanatana Dharma a social disgrace like HIV, leprosy He said, "The Indian National Congress has believed in 'Sarvdharm Sambhav' wherein nobody can treat any particular faith as less than any other faith. Congress does not believe in any of those comments (Udhayanidhi Stalin 'Sanatan Dharma' remarks)." Earlier in the day, Union Civil Aviation Minister Jyotiraditya Scindiatook a jibe at the INDIA alliance and said that it would take the country on the path of destruction.

The Albanese government is considering introduced blending mandates, targets for sustainable aviation fuel or low-carbon fuel standards to try and help the hard-to-abate sector cut its carbon emissions.

Transport Minister Catherine King has promised to deal with anti-competitive behaviour by airlines at the country’s largest airport “shortly”, after releasing a report into aviation that acknowledges competition concerns but provides little in the way of solutions.

On Tuesday, amid mounting pressure, Qantas chief executive Alan Joyce announced he was stepping down, handing over the reins to Vanessa Hudson two months earlier than expected.

₹50 crore and had brought the remaining ₹350 crore of the total ₹400 crore for the aircraft purchase. In previous proceedings, Ace Aviation had argued that the asset valuation of the parked aircraft was declining due to the ongoing deadlock between the lenders and the consortium.

airport is seeing a delay in security as UK Police continues a manhunt for an escaped soldier who is facing terrorism charges. According to media reports, a manhunt has been launched after a terror suspect escaped on Wednesday morning. The escaped soldier has been identified as Daniel Abed Khalife.

Joe Biden's administration likely will delay until December a decision on whether to make it easier for sustainable aviation fuel made from corn-based ethanol to qualify for subsidies under the White House's signature climate law, two sources familiar with the discussions said on Wednesday. The administration has been divided over the issue, which has prompted a fierce lobbying push from U.S. Farm Belt stakeholders that see sustainable aviation fuel (SAF) as crucial for the ethanol market's growth.

tourism ministry, gives some clues into these trends. International travel in India is being driven by the growing number of Indians travelling abroad. The number of foreign tourists entering India in the quarter ended 30 June was still 13% down since the same period four years ago, and has been slow to recover.

Delhi airport will have dedicated gates and a dedicated corridor to ensure seamless immigration clearance for G20 delegates, and a team of senior officials will monitor arrival and departure operations related to the summit. Ahead of the G20 Summit, which will be held in the national capital on September 9 and 10, Delhi airport operator DIAL on Wednesday said there are a required number of parking slots for VVIP aircraft, and that most of the guests for the summit will be coming by chartered flights or special VIP flights. «While many of the guests will be arriving at Air Force Station on the Palam side, there are many other heads of states as well as other delegation members who are going to come at Terminal-3.

Bloomberg on 6 September. On Wednesday, the UK’s Civil Aviation Authority said it will conduct an independent review of the incident, which forced hundreds of flights to be canceled or delayed last week after an error in processing an airline’s flight plan. According to a preliminary report from the public-private partnership formerly called National Air Traffic Service, the glitch triggered a shutdown of the software system run by NATS for safety reasons.

Ace Aviation VIII Ltd, on Wednesday, was successful in securing an adjournment from the National Company Law Appellate Tribunal (NCLAT) in its petition filed against the monitoring committee of Jet Airways for enforcing the sale of three aircraft. The senior counsel appearing on behalf of Ace Aviation argued that the matter be taken up after the pronouncement of the National Company Law Tribunal Mumbai order, which was reserved on August 30. The senior counsel said that withdrawing the current petition or terming it as infructuous, as proposed by the other side, would limit the bidder's options. At the last hearing on August 10, the chairperson's bench had refused to issue notice and adjourned the matter to September 6, as the NCLT was to pronounce its order on August 30. The matter was heard by a different bench today, which adjourned it to September 27. Ace Aviation had approached the appellate tribunal after the NCLT Mumbai had given an interim order asking the monitoring committee to break the deadlock on the sale of three aircraft. The monitoring committee of the beleaguered airline had kept the bidding process in abeyance after it could not all members to agree on the sale.

₹50 crore and had brought the remaining ₹350 crore of the total ₹400 crore for the aircraft purchase. In previous proceedings, Ace Aviation had argued that the asset valuation of the parked aircraft was declining due to the ongoing deadlock between the lenders and the consortium.

IFSCA) will soon come out with regulations to help regulated entities ensure instant payment settlements, its chairman said on Wednesday. The authority is expecting final regulations for listing companies on the IFSC exchange to be in place within the next six months. «We are coming up with payments regulations shortly, maybe in the next few months.

Transport Minister Catherine King says she does not recall being lobbied by former Qantas boss Alan Joyce before she blocked more Qatar Airways flights, which the Coalition says commercially benefited Qantas.

India's bankrupt Go First airline to replace «robbed» parts from its leased jets and allow it to appoint round the clock security to guard grounded aircraft, the latest escalation in efforts to reclaim its Airbus planes. The plea, detailed in a Sept 1 non-public court filing at the Delhi High Court which Reuters has reviewed, comes weeks after ACG Aircraft Leasing found critical parts, including fan blades and escape slides, missing from at least two of the four planes it has leased to Go First. Go First has been locked in legal disputes with many of its foreign lessors since being granted bankruptcy protection in India in May. Bankruptcy froze its assets and has prohibited the recovery of more than 50 grounded Airbus planes. But plane parts went missing, ACG said, and lessors have so far unsuccessfully argued in Indian courts to get their planes back despite raising fears about cannibalisation of aircraft. Currently, lessors can only occasionally inspect Go planes.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

₹34 against the previous close of ₹33.09 on BSE and jumped 19 per cent to an intraday high of ₹39.40 on BSE. Around 2 crore shares of SpiceJet changed hands on the BSE, the exchange data showed. In the previous session, the stock closed 6.33 per cent higher after the NCLT news.

CRPF) head constable found himself in hot water on Sunday when he was apprehended for smoking a beedi in the restroom of a Kolkata-Bengaluru flight. The incident unfolded on IndiGo flight 6E-487, which had taken off from Netaji Subhas Chandra Bose International Airport in Kolkata at 9:30 pm on September 3. Karunakaran J, the CRPF head constable deployed in Jharkhand, was reportedly on the flight for medical treatment due to his health issues.

Former Morrison government transport minister Michael McCormack had competition concerns at the front of his mind in 2018 when he set limits on Qatar Airways expanding in Australia.

Alliance launched the Green Hydrogen Innovation Centre earlier this year, and India itself approved $2.3 billion for the production, use and export of green hydrogen. Global cooperation on green hydrogen manufacturing and supply is expected to be discussed by G-20 leaders at this week's summit in New Delhi. WHAT IS GREEN HYDROGEN? Hydrogen is produced by separating that element from others in molecules where hydrogen occurs.

Jio Financial Services: Jio Financial Services Ltd, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance group, will be dropped from Nifty50, other indices, on September 7, the stock exchange NSE said on Tuesday. Shares of JFSL got listed on the stock exchanges on August 21 due to its spin-off from parent Reliance Industries. During the AGM, RIL announced that JFNSL will enter the insurance segment to offer life, general and health insurance products.