Aviat Financial News

Qantas, Jetstar and Virgin took advantage of smaller rivals and overseas carriers relinquishing their landing slots at Australia’s largest airport during the pandemic, soaking up more than 500 new slots at Sydney Airport compared to 2019, according to previously unreported data.

NEW DELHI : Embraer Defense & Security is in talks with five Indian entities, including Hindustan Aeronautics Ltd (HAL) and Tata group, to manufacture defence transport aircraft in India, a top executive at the Brazilian plane maker said. The company hopes to finalize and announce its partner by the end of this year. “It is important to say we are watching a lot what those big players are doing here in India; we are learning from them; and we are in touch with them as well.

₹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.

Mint explains: A transit hub is an airport that provides smooth connectivity from one foreign destination to another. Ideally, a transit hub should enable a seamless transfer experience to someone flying from country A to country C via country B. A transit hub often requires a stronghold of a large carrier with a widespread network so that the airline can offer one-stop connectivity to passengers with a wait time of no more than 2 to 3 hours between flights.

Prigozhin last week, the Kremlin's spokesperson said Wednesday. Speaking to reporters during his daily conference call, presidential press secretary Dmitry Peskov said that «different versions» of what happened exist and «are being considered» by Russian investigators, including, «let's put this way, deliberate wrongdoing.» A business jet carrying Prigozhin, the founder and leader of the his top lieutenants crashed halfway between Moscow and St. Petersburg a week ago, killing all seven passengers and three crew members. The Interstate Aviation Committee, the Moscow-headquartered body that oversees civil aviation in most former Soviet republics, said in an online statement Wednesday that it was not currently investigating the crash, although the agency has an accident investigation division.

₹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.

offer for sale of up to 2,21,10,955 equity shares (Face Value of ₹ 2) by Promoter selling shareholder and other selling shareholder (“Offer for sale")," the company said in a statement. The OFS will constitute up to 10.44 million shares by Siddharth Jain, up to 5 million shares each by Pavan Kumar Jain and Nayantara Jain, up to 1.2 million shares by Ishita Jain and 2.3 lakh shares by Manju Jain.

Egyptian authorities say the national carrier will resume direct flights to Sudan this week following high profile talks between the Egyptian president and Sudan’s military chief

IndiGo is carrying out the «technical evaluation» of the engine issues faced by the airline's two aircraft on Tuesday, according to an official. Two flights of IndiGo, one from Kolkata to Bengaluru and another from Madurai to Mumbai suffered engine issues on Tuesday. In a statement, IndiGo said its flight 6E 455 from Kolkata to Bengaluru returned to Kolkata after take off due to a technical issue.

InterGlobe Aviation Ltd. traded at Rs 2454.65 on BSE at 02:10PM (IST) on Wednesday, down 1.28 per cent.

Cryogenic tank maker Inox India Ltd has filed preliminary papers with capital market regulator Sebi to mop up funds through an initial public offering.

Russia has informed Brazil's aircraft investigation authority that it will not probe the crash of the Brazilian-made Embraer jet that killed mercenary boss Yevgeny Prigozhin under international rules «at the moment», the Brazilian agency told Reuters on Tuesday. Prigozhin, two top lieutenants of his Wagner Group and four bodyguards were among 10 people who died when the Embraer Legacy 600 crashed north of Moscow last week. He died two months to the day after staging a brief mutiny against the Russian defense establishment that posed the biggest challenge to President Vladimir Putin's rule since he rose to power in 1999. Brazil's Center for Research and Prevention of Aeronautical Accidents (CENIPA), in the interests of improving aviation safety, had said it would join a Russian-led investigation if it were invited and the probe held under international rules. Russia's aviation authority was not obligated to say yes to CENIPA, but some former investigators said it should, as the U.S. and other Western governments suspect the Kremlin of being behind the Aug.

Authorities say a technical failure that saw hundreds of flights delayed and canceled across the U.K. was caused by problems in some flight data received by Britain’s national air traffic controllers and was not a cyberattack

Qantas claims the domestic aviation market is “highly competitive”, blaming air traffic control staffing issues and weather conditions for causing the airline to cancel Canberra services at more than five times the rate of competitors.

Boeing and the CSIRO say Australia could source as much as 60 per cent of its jet fuel requirements from sustainable sources in just 18 months – but only if airlines, jet fuel companies and plane manufacturers work with government to unlock supplies of feedstock.

DGCA on Tuesday suspended the approval for Air India’s Mumbai Aviation Training Organisation. The facility houses the simulator for Boeing 777, 787 and 737 pilots.

₹1.60 in Q1FY24. Further, the trajectory of other expenses is a factor to track as Cask excluding fuel and forex was higher by nearly 10% year-on-year in Q1. “This cost inflation could remain sticky amid expansion spree by competition," according to Kumar.

WASHINGTON (Reuters) -U.S. aviation regulators have issued an updated directive regarding a cracking issue with all of Boeing (NYSE:BA)'s 777 model airplanes, according to a notice posted online on Tuesday.

travel chaos ensues as the United Kingdom's air traffic control systems grapple with a «technical fault» that surfaced on Monday morning, leading to a cascade of delays and cancellations across the nation. The situation was reportedly «identified and remedied» around 3:30 p.m.

Reuters. As per the current update from Heathrow Airport, it has asked commuters to contact their airline before travelling to the airport on Tuesday. In a post on on X (formerly Twitter), “Due to yesterday’s technical issues suffered by UK Air Traffic Control, there may be some continuing disruption on some routes, including flight cancellations.

The British government says a cyberattack was not the cause of a breakdown at the nationwide air traffic control system that saw hundreds of flights delayed and canceled