Aviat Financial News

02.08 / 18:29

UPS Aviat Platform Airlines Strategy Fly91 seeks global partners ahead of November launch

₹200 crore in project outlay for Fly91. Its early investors include Rajeev Chitrabhanu, founder of advisory-led investment platform Magnetic. “Coming out of covid, I was the first person to believe in the potential of regional aviation, with the Udaan scheme and committed capital as an investor and advisor.

02.08 / 18:11

UPS Aviat SUN Airlines SENSEX Carlyle stake Carlyle to acquire 5.9% stake in SpiceJet

₹48 per share. Shares of SpiceJet jumped on the news, rising 7.2% on the BSE on Wednesday to close at ₹31.42, on a day the benchmark Sensex index fell 1%. The company proposed to issue up to 4.81 crore equity shares of the face value of ₹10 worth ₹48.1 crore to nine associated companies of Carlyle.

02.08 / 16:13

UPS Target Aviat Progressive Action country 2020 NOT School reforms under NEP 2020 must not be allowed to languish

Ensuring all children in India get good education requires ensuring children have access to schools and that schools are delivering quality education. Our education system prioritized access to education and the quality of what is delivered in classrooms got overlooked. In order to achieve the goal of universal access, driven by the values of equity and inclusion, the system has put its effort behind building schools, making sure that teachers are deployed, equipping classrooms, etc.

02.08 / 15:19

UPS IPO Booking Aviat track country blues Backed Ashish Kacholia-backed Aeroflex Industries gets Sebi nod for Rs 350 cr IPO

Aeroflex Industries has received approval from the market regulator for its Rs 350 crore Initial Public Offering (IPO). The company has secured a final observation from the Securities and Exchange Board of India (Sebi), which equates to approval. Aeroflex filed its preliminary IPO papers with the regulator in March of this year.

02.08 / 15:07

UPS Aviat Airlines stage country IndiGo to set up LLP for venture capital investments

InterGlobe Aviation will set up a venture capital arm to make investments in early stage companies that are into aviation, consumer and allied sectors. The board of the company, the parent of the country's largest airline IndiGo, approved the incorporation of a Limited Liability Partnership (LLP) for venture capital investments on Wednesday.

02.08 / 13:50

COST UPS Aviat Airlines India’s largest airline IndiGo set to launch venture capital firm

₹15,691 crore, up 89% from the previous quarter. Today, the airline reported its highest-ever quarterly profit of 3,090.6 crore in the April-June 2023 quarter on the back of robust demand for air travel during the period, lower fuel costs and favourable movement in foreign currency. “Given our strong liquidity position, we are also planning to invest in some aircraft and related assets.

02.08 / 01:23

UPS Provident Booking Aviat Airlines NIFTY profit booking Britannia hit by profit booking on rural headwinds

Britannia Industries have weakened of late as concerns over rural sales growth and troubles at group company Go First Airlines weighed down investor sentiment. The stock fell 4.2% in the past month to ₹4,818 on Tuesday as against the 0.6% advance in the Nifty FMCG Index. «There is an apprehension that sales may be impacted with slower recovery in rural areas than expected,» said Nirvi Ashar, fundamental research analyst at Religare Broking.

01.08 / 20:49

Target Aviat NASDAQ Software Enterprise show Deal Melbourne SPAC on the prowl again as $185m buyout deal falls over

How about a moment of silence for Aaron Hornlimann’s deal to sell his startup Elenium Automation to a Nasdaq-listed SPAC for an eye-watering $185 million valuation.

01.08 / 19:33

UPS Aviat Airlines show Qantas complaints in a league of their own, unpublished data shows

The number of Qantas passengers disgruntled about refunds, being unable to use $400 million worth of credits issued since the pandemic, poor service and flight cancellations continued to soar in 2022, as pressure mounts on the government to act on competition in the aviation sector.

01.08 / 12:51

Aviat Rear Admiral Ajay D Theophilus takes over as Flag Officer Commanding Goa Area

Ajay D Theophilus took over as the Flag Officer Commanding Goa Area from Rear Admiral Vikram Menon at a ceremonial parade held at the INS Hansa at Vasco in South Goa on Tuesday. Prior to taking over the new charge, Rear Admiral Theophilus served as deputy commandant of the Indian Naval Academy, Ezhimala (in Kerala), a Navy spokesperson said.

01.08 / 07:48

UPS Booking Aviat Airlines Traffic InterGlobe Aviation Q1 Preview: Airline to post profit vs loss a year ago on higher traffic, airfares

InterGlobe Aviation report a profit for the quarter ended June 2023 as against a loss a year ago. The operator of IndiGo airlines is seen reporting a consolidated net profit of Rs 1,769 crore compared to a loss of Rs 1,064 crore a year ago.

01.08 / 07:34

UPS Lowe's Aviat NIFTY fall Shares of InterGlobe fall as Nifty drops

InterGlobe Aviation Ltd. slipped 1.53 per cent to Rs 2554.55 in Tuesday's trade as of 12:48PM (IST). It hit a high of Rs 2608.0 and low of Rs 2551.6 during the session.

01.08 / 03:41

COST Provident Aviat Commercial LPG gas cylinder prices slashed by Rs 99.75 from today

price revision has been made for commercial LPG by oil marketing companies, while also keeping domestic cooking gas rates unchanged, according to a source. The monthly revisions for both commercial and domestic LPG gas cylinders occur on the first day of every month, with new rates being implemented from 1st June. The cost of 19 KG commercial LPG gas cylinders has undergone a substantial cut of Rs 99.75, effective from August 1st.

01.08 / 01:15

Aviat Centre Centre increases windfall tax on domestic crude oil with effect from today

₹1600/tonne to ₹4250/tonne. According to a government notification on Monday, a windfall tax on diesel has been increased to 1 rupee per litre from nil earlier.

01.08 / 01:15

Aviat Windfall tax on crude raised to Rs 4,250 per tonne

government has hiked windfall tax on petroleum crude to ₹4,250 per tonne from ₹1,600 with effect from August 1. A windfall tax on diesel has been increased to 1 rupee per litre from nil earlier, according to a government notification on Monday.

31.07 / 19:07

Provident Booking Aviat Airlines Mobile NCLT seeks approval of Go First lenders for ticket refund plan

₹597.4 crore. In response, the court inquired whether the RP could mobilize such a substantial amount. The RP clarified that immediate refunds were not on the table, but instead, payments would be made gradually after resuming flight services based on cash flow and revenue.

31.07 / 19:07

UPS Aviat Action Airlines Strategy show Jet Airways’ air permit extended

New Delhi: In a fresh bid to revive Jet Airways (India) Ltd, the Directorate General of Civil Aviation (DGCA) has extended the air operator certificate of the beleaguered airline until 3 September, even as it undergoes the corporate insolvency resolution process (CIRP). “DGCA has extended AOC in respect of Jet Airways for a period up to 03.09.2023 only for limited purpose of completing the ongoing CIRP," the regulator said in a statement. However, the airline will be required to undergo a re-certification process as per the established rules and show its adherence to the applicable regulatory requirements once again before it can resume flight services.

31.07 / 18:23

Aviat Action Airlines Allegiant FedEx Federal officials are investigating a close call between an airliner and a private jet over Florida

Federal officials say they are investigating a recent close call between an airline plane and a private jet that required pilots of both planes to take evasive action

31.07 / 18:01

UPS Citi Provident Cooper Aviat Metro expansion Telangana Cabinet approves Rs 60,000 crore plan for expansion of metro rail in Hyderabad

Telangana Cabinet on Monday decided to expand the metro rail network in Hyderabad with about Rs 60,000 crore in the next three-four years and, among other decisions, to provide ex-gratia to the kin of 40 people who died during the recent heavy rains in the state. In another key decision, the cabinet meeting, presided over by Chief Minister K Chandrasekhar Rao, decided to recognise the over-43,000 employees of the state-run Road Transport Corporation (RTC) as government staff. Briefing reporters after the cabinet meeting, State Municipal Administration Minister K T Rama Rao said it has been decided to expand metro rail on a large scale to strengthen public transport in Hyderabad.

31.07 / 15:53

UPS Provident MET Aviat Mobile electronic Government, airports gear to avoid choked airport during festive rush

private airport operators are gearing up for a rush at airports this festive season. While BCAS (Bureau of Civil Aviation Security) has asked airports to increase security check in areas and to increase number of xray machines, CISF (Central Industrial Security Force) has committed additional manpower. Last week, Union Home Minister Amit Shah and Civil Aviation Minister Jyotiraditya Scindia met to review airport preparedness to avoid a situation of last year where many passengers missed their flights due to long check in queues.Zulfiquar Hasan, director general at BCAS said that he does not foresee a return of the massive congestion seen last year.

31.07 / 13:19

UPS Aviat Action Airlines No unruly passenger should go unpunished: BCAS chief Zulfiquar Hasan

Zulfiquar Hasan said on Monday. In recent times, there have been incidents of unruly passenger behaviour onboard flights.

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