Aviat Financial News

Akasa Air, India's youngest airline, celebrates it... moreAkasa Air, India's youngest airline, celebrates its first year of operations with plans to launch international flights.

Russia said it foiled attacks by two Ukrainian drones in the Moscow region on Monday but nearly 50 plane flights in and out of the capital were disrupted. Russia's defence ministry said it jammed a Ukrainian drone in the Ruzsky district west of the capital and later destroyed another one in the Istrinsky district nearby.

An unexpected breakdown at Ampol’s only oil refinery drove a 26 per cent drop in first-half core profit, but chief executive Matt Halliday said the result was “strong”, and reliance of domestic fuel supplies is reducing.

Indian Oil Corporation (IOC), the nation’s top refiner, has embarked on a major data-driven digitalisation drive to optimise its crude purchase, refinery operations and financial management, which has helped boost its efficiency as well as bottom line, said a senior executive. “What we have begun doing is to use the immense data available to us to drive our decisions,” Manish Grover, executive director (strategic information systems), Indian Oil Corporation, told ET. IOC generates a sea of data daily from its operations spanning refineries, pipelines, petrol pumps, aviation fuel stations, natural gas networks and petrochemicals. “We operate refineries at 10 locations as a group. We deal with as many as 400 types of neat crude at a time. Crude is imported at three ports and then transferred to various refineries, most of which are landlocked. In this complex exercise, we end up dealing with as many as 12,000 variants of crude mixes at a time," said Grover. “And then you have exigencies created by the war which requires you to take quick decisions for crude purchases at high sea and quicker unloading schedule for them.”

The country’s busiest airport has blasted Qantas and Virgin Australia for wasting capacity, saying a lack of seats, rather than lack of demand is limiting domestic passenger traffic.

MUMBAI : Bulk share sales have hit a record $11 billion during FY24 so far, as promoters and large public investors cashed in on a buoyant equity market fuelled by nimble earnings growth. A Mint analysis showed that key stakeholders, including promoters, have sold shares worth over ₹1.35 trillion through bulk and block deals during the calendar year so far, out of which deals worth over ₹92,800 crore were concluded in the first five months of FY24, which is more than double that of the same period last year.

Hyderabad airport. It will also start work on developing a 2.13-acre land parcel at Goa’s Manohar International (MOPA) Airport. In July, Mint first reported that the MOPA Airport developer had signed agreements to build two hotels on a land earmarked in North Goa.

With July inflation ramping up again on Tuesday, it’s obvious the battle ain’t over yet. The headline inflation rate jumped to 3.3 per cent from last month’s 2.8 per cent. While mortgage costs and food are major contributors to our stubborn inflation, energy prices have risen 5.8 per cent in the past four months, thanks in part to the carbon tax hike last April 1.

Amit Shah will release the Madhya Pradesh government's «report card» in Bhopal on Sunday and address the BJP's working committee meeting in Gwalior, a party functionary said. The state assembly polls are due this year-end. Gwalior is the home turf of Civil Aviation Minister Jyotiraditya Scindia.

U.S. regulators are requiring immediate inspections of engines on some Airbus jets equipped with engines from Pratt & Whitney

reality of maximizing aircraft utilization for revenue often results in a stressful environment for pilots due to tight scheduling. “Cumulative fatigue has started showing its results and it is time that DGCA maintains a record of pilot demise and unfit issues due to conditions related to the heart," a pilot said on condition of anonymity. In fact, Airlines Pilots’ Association of India has written to pilots regarding the urgent need of a mega body of Indian pilots under industry veteran Captain Shakti Lumba.

₹100 crore so that it can service its insurance and other statutory obligations. Go First, earlier owned by Wadia Group, filed for insolvency attributing its financial troubles to Pratt and Whitney’s faulty engines.

DCW) on Friday issued notices to the Delhi Police and Directorate General of Civil Aviation (DGCA) after a video went viral on a social media platform in which it was alleged that an onboard passenger took objectionable photos of a flight attendant and a woman on a flight from Delhi to Mumbai. The airline in its official statement said, «A passenger seated in the first row of SpiceJet flight SG157 operating from Delhi to Mumbai on 2nd August was found clicking pictures of cabin crew, while she was seated on the jump seat at the time of take-off. The passenger was confronted by the crew members.

₹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.

Jet Airways. The National Company Law Appellate Tribunal (NCLAT) has asked the JKC to file an application stating the conditions for seeking an extension to make the payments. The committee has said that it will deposit Rs 100 crore by August 31, and Rs 100 crore by September 30 and the CoC can encash bank guarantee of Rs 150 crore immediately.

Nonprofits and volunteers in Maui have cobbled together countless improvised and urgent solutions since the deadliest wildfire in over a century hit their community

NEW DELHI : India’s swelling airports need thousands of additional security and immigration personnel to avoid the kind of crush witnessed at the beginning of the year, an aviation ministry study found. Just eight airports alone need 3,800 more Central Industrial Security Force (CISF) personnel and 440 more immigration staff, found the study, which covered the metro airports in Delhi, Mumbai, Bengaluru and Chennai, as well as airports in Bagdogra, Indore, Jammu and Srinagar.

Bhartiya Janata Party (BJP) released their first list of 39 candidates for the poll bound state. Madhya Pradesh is slated to go into polls in Novermber or December this year. Notably, Madhya Pradesh polls is also one of the five most crucial assembly elections yet to be conducted ahead of the 2024 Lok Sabha Elections.

Aircraft pilots are wary of bird hits for good reason. The record shows that most of these collisions do little harm, but nobody wants a wind-shield cracked, sensor twisted out of action, jet blade warped, or worse, an engine set on fire by a feathery mishap. Data from India’s Directorate General of Civil Aviation, however, shows that we recorded as many as 1,149 bird strikes in the first half of 2023.

National Company Law Tribunal Thursday asked Spicejet to satisfy why a notice in a petition filed by aircraft lessor Aircastle (Ireland) Limited should not be served to the airline. The counsel from Aircastle (Ireland) Ltd placed three judgments on record pointing that the same operational creditor could file separate petitions if the invoices were over Rs 1 crore threshold prescribed for insolvency cases. At the earlier hearing, the tribunal had asked the lessor to satisfy if the same operational creditor could file multiple petitions.

Delhivery and Go First have failed, the counsels for both parties informed the National Company Law Tribunal on Thursday. Go First's resolution professional at the last hearing claimed they were trying to settle the matter with Delhivery. The logistics provider had filed an application claiming that the voluntary insolvency petition filed by the beleaguered airline on May 2 was «malicious and fraudulent».