Aviat Financial News
03.09 / 20:07
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plane
Gender reveal party turns into horror scene as plane nosedives in front of guests, pilot pronounced dead
gender reveal party in Sinaloa, Mexico, took a horrific turn as a small plane involved in the celebration crashed, leading to the pilot's sudden death. The couple had gathered with family and friends to mark the joyous occasion of their impending parenthood & announce the gender of their unborn baby.
03.09 / 14:41
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Provident
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‘It’s inexplicable’: AFR readers want answers on Qatar-Qantas decision
Readers of The Australian Financial Review believe the federal government has failed to provide a satisfactory explanation for blocking Qatar Airway’s application to put on more international flights to Australia – a move that favours Qantas.
03.09 / 06:31
Booking
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Airlines
performer
Cash-strapped Go First and Jet Airways lose airline codes for being non-operational: Report
Financial Express. The head of communications at IATA said that an airline needs to be operational for the basic eligibility for an IATA two-letter designator.
02.09 / 05:17
Aviat
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Centre
Centre cuts windfall tax on crude oil, hikes levy on export of diesel
₹6,700 per tonne. For the past two weeks, the levy was at ₹7,100 per tonne after it was increased on 14 August. However, the ministry has raised the Special Additional Excise Duty (SAED) on the export of diesel to ₹6 per litre from ₹5.50 a litre.
02.09 / 02:53
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August cheer: Numbers show economy on firm ground
Several other high-frequency indicators for August released on Friday showed the economy remained firm, resisting high inflation, elevated interest rates, rising crude prices, patchy monsoon, and global slowdown, among others. Data released on Thursday showed the economy grew 7.8% in the April-June quarter, the fastest in a year. The available numbers for July and August indicated continuing momentum in second quarter. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose to 58.6 last month compared with 57.7 in July, according to data released Friday by S&P Global Market Intelligence.
01.09 / 19:41
UPS
Aviat
country
Demand for diesel drops 2.9%, petrol sales rise 0.4% in Aug
diesel dropped 2.9% and that of petrol rose 0.4% in August over last year, according to the state oil companies' data. The demand for aviation turbine fuel (ATF) rose 9.5% year-on-year in August while that for LPG rose 4.4%. Compared to August 2019, the ATF sales are still 3.2% lower while those of petrol and diesel are up 21.2% and 8.4% respectively. Over the last few months, state oil companies' petrol and diesel sales have been under pressure from the rising competition from private fuel retailers who had cut their retail sales last year after government-controlled retailers started selling fuel at below-market rates. Private players have again boosted their presence in the market this year to benefit from the extraordinarily high margins that fuel retailing currently offers.
01.09 / 18:21
Digital
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electronic
Neeraj Mittal becomes new telecom secretary, S Krishnan moves to MeitY
Neeraj Mittal the new telecom secretary and S Krishnan secretary at the ministry of electronics & information technology, among a spate of high-profile central appointments. Among other key appointments cleared by the Appointments Committee of the Cabinet and announced Friday, Arunish Chawla will take over as secretary at the Department of Pharmaceuticals after October. He is now an officer on special duty in the same department. Vumlunmang Vualnam, who is additional secretary, Department of Economic Affairs, has been elevated to the rank of secretary and appointed at the ministry of civil aviation.
01.09 / 16:47
01.09 / 14:55
Aviat
Platform
Airlines
Deal
Air India-Vistara Merger! CCI approves the deal subject to certain conditions
On Friday, the Competition Commission granted its approval for the proposed merger between Air India and Vistara, subject to specific conditions. This development represents a significant stride for the Tata Group as it solidifies its position in the aviation industry.
01.09 / 14:33
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Manufacturing
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country
India offers 'tremendous possibilities' for aerospace players, says Jyotiraditya Scindia
Jyotiraditya Scindia on Friday said now is the time for aerospace players to look at leveraging the opportunities in the country. Amid the global aviation segment facing headwinds of geopolitical issues and supply chain woes, the civil aviation minister also said India is the «promised land» that can help offset the risks. The minister was speaking at the International Aerospace Conference on the theme 'Moving Towards Inclusive Global Value Chain' in Gwalior, which is also his home constituency. The country is one of the fastest aviation markets in the world, Scindia said adding that the number of air passengers is expected to reach 42.5 crore by 2035 from the current level of 14.5 crore. «India has tremendous capabilities, possibilities for all of you (aerospace players)… Time has come for all of you to think afresh,» he emphasised.
01.09 / 14:21
Aviat
Airlines
EOS
NCLT asks Go First RP to submit status report on aircraft in two days
₹100 crore into the airline and to be able to service its insurance and other statutory obligations. Go First, owned by the Wadia Group, filed for insolvency attributing financial troubles to Pratt and Whitney's faulty engines.
01.09 / 12:37
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Indian
Two Decades Of Indian Airport Evolution: Exposing The Harsh Reality | Mint Explains | Mint
Embark on an exciting journey through India's avia... moreEmbark on an exciting journey through India's aviation history and witness its remarkable evolution into a global aviation powerhouse! From the pioneering flight by Henri Pequet to the establishment of Air India by J.R.D.
01.09 / 10:55
FIVE
Aviat
Strategy
State's nod necessary for 'one nation, one election': Kamal Nath
Madhya Pradesh Congress chief Kamal Nath said on Friday it is not possible to do so without taking the nod of state assemblies. The Centre has tasked former President Ram Nath Kovind with the responsibility of heading a committee to explore the feasibility of "one nation, one election", opening the possibility of Lok Sabha polls being advanced so that they could be held with upcoming assembly elections in many states, including MP. «There is a need for a constitutional amendment for it.
01.09 / 06:39
Aviat
electronic
Telecom, IT and mines ministries get new secretaries
New Delhi: The Appointments Committee of the Cabinet (ACC) approved the appointment of several officers for post of secretary, late Thursday night. Key among them are Neeraj Mittal, a 1992 batch IAS officer who is currently the principal secretary of information technology department in Tamil Nadu, as the new secretary in the department of telecommunications. Mittal has been a senior advisor at World Bank Group and joint secretary in the Ministry of Petroleum and Natural Gas.
01.09 / 06:25
Aviat
country
India to have 42.5 crore air passengers by 2035, says Aviation Minister Jyotiraditya Scindia
India is expected to have 42.5 crore air passengers by 2035 from the current level of 14.5 crore and that is the growth potential that international players can look at, Civil Aviation Minister Jyotiraditya Scindia said on Friday. The minister also said that the regional air connectivity has democratised civil aviation and has spawned four regional carriers. He highlighted the growth potential of the country's civil aviation sector and urged international players to «look at India». He was speaking at the International Aerospace Conference in Gwalior organised by industry body CII. According to him, the country is expected to have 42.5 crore air passengers by 2035 from the current 14.5 crore passengers.
01.09 / 04:41
UPS
FIVE
BLOCK
Digital
Aviat
social
India makes sweeping changes in ministries from aviation and telecom to parliamentary affairs
The Appointments Committee of the Cabinet has approved the appointment of Umang Narula as the parliamentary affairs, according to a government statement. Narula will be replacing Gudey Srinivas, who will move to take up the role of secretary at National Commission for Scheduled Castes under the Ministry of Social Justice and Empowement. This comes after the government has called for a special session of Parliament for five days starting September 18.
01.09 / 03:31
COST
UPS
Aviat
Hawkins
cover
Super profits rise under cloak of inflation
A former boss of Australia’s competition regulator says big ASX-listed companies with too much market power have “taken advantage” of the sharp rise in inflation to aggressively lift prices which has led to a supercharging of profits.
01.09 / 02:47
UPS
Booking
Aviat
Airlines
Weekend
Squeezing in one last summer trip over Labor Day weekend? Expect crowded airports and full flights
Labor Day weekend. The Federal Aviation Administration predicts that this will be the third busiest holiday weekend of the year so far, behind only the Juneteenth weekend, which included Father's Day, and the Presidents Day break. Hurricane Idalia weakened and headed out to sea Thursday. While the storm left damage and power outages, its impact on travel eased. Airlines canceled several dozen flights in Florida and Georgia on Thursday but expected to operate at full strength Friday. Travelers can check conditions where they are going on the FAA website. Thursday figured to be the busiest day in U.S. airspace, with 52,203 flights scheduled, followed by 49,111 flights on Friday, according to the FAA. After a lull on Saturday and Sunday, flights are scheduled to pick back up Monday and Tuesday. The numbers include airline, military and some private flights. The Transportation Security Administration expects to screen more than 14 million passengers from Friday through Wednesday, up nearly 11% over the same weekend last year.
01.09 / 02:01
31.08 / 06:23
Aviat
Airlines
EOS
NCLAT allows Go First lessor to inspect planes
₹100 crore into the airline and to be able to service its insurance and other statutory obligations. Go First, earlier owned by the Wadia Group, filed for insolvency attributing financial troubles to Pratt and Whitney's faulty engines.
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