Aviat Financial News

(Reuters) — Boeing (NYSE:BA) and aircraft leasing firm Aviation Capital Group on Tuesday finalized an order for 13 737 MAX jets, the companies said in a statement.

United Airlines says it has fixed the technology problem that briefly prevented its flights nationwide from taking off

KYIV, Ukraine—A Russian military pilot who defected to Ukraine last month said he flew his Mi-8 helicopter low over fields with its transponder off to evade detection, capping an operation planned over months with Ukraine’s military intelligence agency. In his first public appearance at a news conference in Ukraine, Capt. Maksim Kuzminov said Tuesday that he reached out to the agency, best known by the acronym HUR, late last year after months lamenting the Russian invasion of Ukraine and his part in it.

₹231 crore. However, Aircastle, Willis Lease Finance and Wilmington are not part of the group of lessors who will receive SpiceJet shares.

₹112,419.33 per kilolitre, marking a 14.12% increase from August’s ₹98,508.26. The same trend was observed in other major cities like Mumbai, Kolkata and Chennai. This recent surge in airline fuel prices is the highest seen since December 2022.

Investing.com — United Airlines Holdings Inc (NASDAQ:UAL) said Tuesday it asked the Federal Aviation Administration to suspend its departure flights nationwide as it grapples with a computer issue.

Himachal Pradesh is now open for tourists with hoteliers in prominent travel destinations of the state offering lucrative discounts, a senior official said on Tuesday.

WASHINGTON (Reuters) — The House Oversight and Accountability Committee said Tuesday it is probing the U.S. Transportation Department's (USDOT) response to a series of aviation and rail safety issues.

SpiceJet shares jumped nearly 8% to Rs 33 in Tuesday's trade after the low-cost carrier allotted over 4.81 crore equity shares on a preferential basis to nine of its aircraft lessors to clear outstanding dues of Rs 231 crore. «The Allotment Committee of the Board of Directors of the Company at its meeting held on September 4, 2023, has considered and approved allotment of 4,81,23,186 equity shares of the face value of Rs 10 each at an issue price of Rs 48 each on preferential basis to aircraft lessors consequent upon conversion of their existing outstanding dues aggregating to Rs 2,30,99,12,928,» the company said in an exchange filing. The nine lessors who have been allotted the shares include SASOF III (A13) Aviation Ireland DAC, SASOF III (A6) Aviation Ireland DAC, SASOF III © Aviation Ireland DAC, SASOF III (E) Aviation Ireland DAC, SASOF III (A19) Aviation Ireland DAC, SASOF II (J) Aviation Ireland DAC Citrine Aircraft Leasing Limited, Fly Aircraft Holdings Seven Limited, Fly Aircraft Holdings One Limited. The company also stated that it has further, on a preferential basis, allotted 3,41,72,000 equity shares and 13.15 crore warrants at an issue price of Rs 29.84 each to Spice Health Care Private Limited (an entity under ‘promoter group’). At 10.51 a.m., the scrip was trading 7% higher at Rs 33.2 on BSE. The stock also surged over 25% in the last three months.

“While there could be multiple sectors that would benefit from this event, the broader themes that would hog limelight could be the energy sector, power sector, automobiles, cement, commodities such as metals, space/defence to name a few,” says Nitin Rao, CEO, InCred Wealth. In an interview with ETMarkets, Rao said: “The focus on switching to clean energy/decarbonization / moving away from fossil fuels, exhibits a lot of opportunities for companies operating in the oil & gas/energy sector” Edited excerpts:The market seems to be finding some resistance at higher levels – what is your take on markets at current?After a significant rally from March 2023 lows, markets peaked around 20th July this year close to 20,000 on the Nifty 50 index. After almost a 1.5-year period, markets broke out of the 17800 – 18700 range that it had been trading in since October 2021.

InterGlobe Aviation: IndiGo Airlines board of directors have approved an additional purchase of 10 A320 NEO family aircraft from French aircraft maker Airbus. The order for ten more aircraft adds to the already placed order for 300 aircraft, as per the company filing. IndiGo in 2019 had placed a record order of over 300 Airbus A320 NEO family aircraft worth around $33 billion at notional catalogue prices with France's Airbus.

Fly Bharathi Aviations and Aeronautics Pvt Ltd, which was incorporated as a company last month, on Monday said it has signed a preliminary pact with UK-based SRAM and MRAM Group for investments worth USD 1.8 billion. In a statement, the company also claimed that it has acquired a majority stake in an existing airline, and was in talks to buy a majority stakes in one more Indian airline and two international airlines. The company has already acquired a majority stake in an existing airline to start the operations, the statement claimed. Specific details were not disclosed. The company has signed a Memorandum of Understanding (MoU) with SRAM and MRAM Group for investments to the tune of USD 1.8 billion.

NEW DELHI : Low-cost carrier SpiceJet has announced the allotment of 4.81 crore of equity shares on a preferential basis to nine of its aircraft lessors to clear outstanding ₹231 crore dues, the company announced through a statement filed with BSE today. Reportedly, the allotment committee of the board of directors of the company at its meeting passed several resolutions, including a ₹2,500 crore fundraiser and a preferential issue of shares to lessors at an issue price of ₹48 each to clear its outstanding dues.

₹231 crore, the company announced through a statement filed with the BSE here today. Reportedly, the shareholders of the company at its meeting passed several resolutions, including a ₹2,500 crore fundraiser and a preferential issue of shares to lessors at an issue price of ₹48 each to clear its outstanding dues.

Shivraj Singh Chouhan the ‘Dhoni’ of politics. Rajnath compared Shivraj Singh Chouhan's acumen in politics to the legendary former Indian Men's Cricket team captain Mahendra Singh Dhoni. "I have seen the MP CM working in the field of politics.

SpiceJet on Monday said it allotted over 48 million shares to nine aircraft lessors to clear outstanding dues worth 2.31 billion rupees (nearly $28 million), as the troubled airline looks to return to full operations. The carrier's shareholders had on Thursday passed a number of resolutions, including a 25 billion rupees fundraise and a preferential issue of shares to lessors to clear outstanding dues.SpiceJet has been scrambling to raise funds and restore operations for about a fourth of its fleet that has been grounded amid fierce competition in the sector. The fund crunch and grounded fleet has eroded SpiceJet's market share to 4.2% as of July — lower than that of new entrant Akasa, which only began commercial operations in August 2022. SpiceJet, which in February converted around $100 million in dues to aircraft lessor Carlyle Aviation into equity and debentures, still finds itself in legal battles with other lessors over dues. Moreover, two weeks back, an Indian court ordered the airline to pay $12 million by Sept.

InterGlobe Aviation Ltd, the parent company of India's largest airline, IndiGo, granted approval for the establishment of a Venture Capital division on Monday. «This new division's primary focus will be investing in early-stage companies operating in aviation and related consumer sectors, such as travel, lifestyle, hospitality, and transportation,» said an airline official. The company officially announced in a filing to the stock exchanges that its Board of Directors has given the green light for the incorporation of a Private Limited Company, initially funded with Rs 30 crore. The airline's board has endorsed this investment, which will be established within the Special Economic Zone at Gujarat International Finance Tec-City, as detailed in the exchange filing. Additionally, the airline's board has approved the issuance of corporate guarantees, amounting to a maximum of USD 996 million, to ensure the financial obligations of the aforementioned wholly-owned subsidiary. «In compliance with Regulation 30 and other applicable regulations of the SEBI LODR Regulations, we wish to inform that the Board of Directors of the Company, at its meeting held today, September 4, 2023 (staring time: 10.30 a.m., closing time: 12.30 p.m.), has approved, incorporation of a wholly owned subsidiary of the Company, investment up to Rs 30 crores in one or more tranches, issuing corporate guarantees of up to USD 996 million (or an equivalent amount in Indian Rupees or any other currency) to secure the payment obligations of aforesaid wholly owned subsidiary,» it said in the BSE filing. Gaurav Negi, the airline's Chief Financial Officer, had previously disclosed the creation of this venture while addressing participants during a post-earnings

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.

In 2009-10, India’s civil aviation sector, including both scheduled and non-scheduled airlines, recorded just under 44 billion revenue passenger kilometre (RPK) - the total distance flown multiplied by the total number of fare-paying passengers. In 2022-23, Indigo airlines alone recorded more than double that figure, a staggering 93.9 billion RPK. That is a telling statistic that underlines the radical transformation of India’s civil aviation industry.

The competition watchdog says the Albanese government should act on recommendations to overhaul how take off and landing slots are managed at Sydney Airport, the country’s busiest, backing the findings of a review conducted by former productivity commissioner Peter Harris and calls from airlines and airports.

Bhubaneswar: A Delhi-bound IndiGo flight made an emergency landing at the airport here on Monday due to some technical snag, an official said. All passengers are safe, he said. The aircraft made the landing 40 minutes after taking off from the Biju Patnaik International Airport (BPIA). «After the detection of technical problems mid-air, the Delhi-bound IndiGo flight made the emergency landing at the airport at 8.20 am,» BPIA Director Prasanna Pradhan told PTI. A full-scale emergency was declared, and the aircraft landed safely at the airport, he said.