Aviat Financial News

31.07 / 12:57

Aviat Align boost reserves Pakistan outsources Islamabad Airport to boost forex reserves | Mint Primer | Mint

Pakistan's move to outsource the operations of maj... morePakistan's move to outsource the operations of major airports, including Islamabad International Airport (IIA), comes as a strategic response to the continuous depletion of forex reserves.

31.07 / 12:57

Aviat Airlines Inside Indian Indian Airlines in a tough spot over sustainability goals | Mint Explains | Mint

It seems like Indian airlines are caught in a toug... moreIt seems like Indian airlines are caught in a tough spot due to the government's ambitious sustainability goals.

31.07 / 12:53

UPS Provident Aviat Celebrity Inside electronic Full body scanners to be deployed in phased manner at airports, says BCAS chief

body scanners will be deployed at airports in a phased manner and the process is expected to start at major airports within a year, BCAS chief Zulfiquar Hasan said on Monday and stressed that there will not be any privacy issues as those have already been sorted out worldwide. He also said that there will be options for passengers who have health issues in case they cannot use such scanners. The Bureau of Civil Aviation Security (BCAS) has set a deadline for the end of next year for the deployment of full body scanners at airports.

31.07 / 11:53

UPS Aviat CEO audit Audit watchdog names new CEO as Sir Jon Thompson heads to HS2

Audit and accountancy watchdog the Financial Reporting Council has appointed a new chief executive as incumbent Sir Jon Thompson resigns to lead rail network HS2.

31.07 / 10:25

UPS Aviat Airlines Strategy Dreams Explainer Mint Explainer: Jet Airways revival remains a distant dream

More than two years after the Jalan-Kalrock consortium’s bid to revive India’s erstwhile full-service carrier Jet Airways was approved by the National Company Law Tribunal, the implementation of the revival plan remains a distant dream. Mint explains the issue. The Jalan-Kalrock consortium said on 31 July that the civil-aviation regulator, the Directorate General of Civil Aviation, renewed the air operator certificate of Jet Airways on 28 July.

31.07 / 07:53

Lowe's Aviat Airlines Strategy show Jet Airways shares hit 5% upper circuit after DGCA nod to air operator certificate

Jet Airways shares hit the 5% upper circuit of Rs 51 on BSE after the Jalan-Kalrock Consortium (JKC)-owned airline company secured renewal for its air operator’s certificate from the Indian civil aviation regulator. The Director General of Civil Aviation (DGCA) on Friday, July 28, re-issued the Air Operator Certificate (AOC) which expired on May 19, 2023, as the airline did not start operations after getting an AOC from the DGCA on May 20, 2022, PTI reported. The renewal of AOC revalidates the confidence of the Indian aviation regulator in the revival of Jet Airways, the PTI report said, quoting from the statement.

31.07 / 06:13

Aviat Action Airlines AirAsia suspends officer who didn't wait for Karnataka governor

Thaawar Chand Gehlot could board it in Bengaluru, the airline's station manager at Kempegowda International Airport (KIA) was suspended for a month. As per a ToI report, two more airline staffers are expected to be suspended along with Zico Soares, due to the «lapse» that occurred on Thursday, just before a scheduled meeting of AirAsia officials in the governor's office on Monday. Confirming the suspension, the sources told ToI that Zico Soares was suspended on Saturday, charged with not waiting for the VIP and granting clearance for the AirAsia (now AIX Connect) plane to take off with regular passengers.

31.07 / 01:57

Aviat Airlines Boeing Returns Delhi-bound Air India flight returns to Melbourne due to medical emergency. Details here

airport in the evening at around 9.30 pm. Earlier on 28 July, a Paris-bound Air India flight had returned to the Delhi airport shortly after the take-off, following a sighting of suspected tyre debris on the runway after departure. In a statement, the airline said the flight landed safely at Delhi airport at 1418 hours.

30.07 / 12:27

Booking Aviat Airlines Go First approaches NCLT to refund for cancelled tickets

The Wadia group-owned Go First has approached the National Company Law Tribunal (NCLT) seeking permission to refund money to passengers who had booked their tickets for travel on and after May 3. On May 3, the cash-strapped airline had suspended operations.

30.07 / 12:27

Twitter Booking Aviat Airlines Go First flights cancelled till 31 July

Go First has announced that their flights remain cancelled till 31 July, citing operational constraints. The cash strapped domestic airline company has stopped operations since 2 May. “Due to operational reasons, Go First flights until 31st July 2023 are cancelled.

30.07 / 11:53

Aviat Aware show week BCAS to observe 'aviation security' week at Rajasthan airports from July 31

Bureau of Civil Aviation Security (BCAS) will observe 'Aviation Security Culture Week' at all the airports in Rajasthan from July 31, an official said on Sunday. «The objective of the week is to inculcate security-related awareness and identify the possible security concerns at a preliminary level,» the official said.

30.07 / 11:53

Twitter Aviat Airlines Go First cancels flights until July 31 due to operational reasons

Go First airline, which has been grounded since early May, has announced a further extension of flight cancellations till July 31. «We regret to inform that due to operational reasons, Go First flights scheduled till 31st July 2023 have been cancelled. We apologise for the inconvenience caused by the flight cancellations,» it wrote on Twitter on Friday.

30.07 / 11:25

Booking Aviat Airlines resolution Go First resolution professional approaches NCLT seeking permission for refund of cancelled tickets

National Company Law Tribunal (NCLT) seeking permission to refund money to passengers who had booked their tickets for travel on and after May 3, the day when the cash-strapped airline suspended operations. The Resolution professional of Go First has filed a new application before the Delhi bench of NCLT, requesting «to permit the applicant/CD to make payment of refund to passengers of the CD whose airline tickets have been cancelled since May 3, 2023.» Applicant here refers to resolution professional and CD refers to corporate debtor or Go First.

30.07 / 03:41

Aviat Extreme SUN Action Enterprise NIFTY week Q1 earnings, FII action, auto sales among 9 factors to keep Dalal Street busy this week

The week ahead is also expected to be a busy one for Dalal Street investors, as a slew of companies are scheduled to release quarterly earnings. This is likely to keep action extremely stock-centric. Moreover, foreign investors have slowed down their pace of buying. While the overall trajectory for markets remains positive, consolidation is likely on cards after the strong rally in the recent months. “In the coming days, domestic earnings will remain a crucial driver, while global cues will also play a vital role in shaping market trends,” said Vinod Nair, head of research, Geojit Financial Services.

30.07 / 03:29

Citi Target FIVE BLOCK Aviat Telegram Southern Ukraine drones damage two Moscow buildings, no victims: mayor

Ukrainian drone attack on Moscow damaged two office blocks, the mayor said early Sunday, as an airport in the Russian capital was reportedly closed to traffic. «Ukrainian drones attacked tonight. Facades of two city office towers were slightly damaged.

29.07 / 02:13

Aviat Ahead of Muharram procession, Union Minister Jyotiraditya Scindia visits Imambara in Gwalior

Muharram procession, Union Civil Aviation Minister Jyotiraditya Scindia visited Imambara in Maharaj Bada of Gwalior and said that he was here to maintain the «tradition of Gorkhi.» «I have come here to maintain the tradition of Gorkhi. The first procession which is observed in Gwalior, I have come here to maintain it.

29.07 / 01:39

COST Aviat Aware Airlines IBC Aviation Ministry, MCA take different flight paths on IBC moratorium

insolvency resolution of an airline, persons aware of the details said. Under the Insolvency and Bankruptcy Code (IBC), once resolution proceedings are initiated, the transfer or disposal of assets of the stressed firm is effectively barred through a moratorium.

28.07 / 20:16

COST UPS Aviat Airlines reports Akasa Air reports a loss of Rs 602 crore

Akasa Air posted an operating loss of ₹602 crore. While the airline earned ₹777.8 crore, its operational expenditure stood at ₹1,866 crore, according to a data furnished by minister of state for civil aviation VK Singh in Lok Sabha. The airline started operations last August and results are up till March 31, 2023.

28.07 / 11:25

Citi FIVE Aviat Airlines Boeing Returns Paris-bound Air India flight returns to Delhi after officials notice tyre debris on runway

airport shortly after take-off. The flight returned at 2.18pm after Delhi Air Traffic Control (ATC) informed the on board cabin crew that they noticed tyre debris on the runway after the plane took off. The flight has returned to Delhi and is undergoing necessary checks.

28.07 / 11:19

Aviat Airlines show penalty DGCA imposes penalty of ₹30 lakh on IndiGo for operational deficiencies

₹30 lakhs on IndiGo Airlines and also directed them to amend their documents and procedures in line with DGCA requirements and OEM guidelines. IndiGo witnessed four tail strike incidents on A321 aircraft within a span of six months this year, following which the Directorate General of Civil Aviation (DGCA) carried out a special audit of the airline. In a release, DGCA said that during the audit, it reviewed the airline's documentation and procedure on operations, training, engineering and FDM programme.

28.07 / 10:26

Aviat Action Airlines Inside Fine DGCA slaps Rs 30 lakh fine on IndiGo for four tail strike incidents in six months

India's aviation regulator DGCA on Friday imposed a penalty of Rs 30 lakh on IndiGo airline for four tail strike incidents in six months of 2023. «DGCA has imposed a financial penalty of Rs 30 lakhs on IndiGo airlines and also directed them to amend their documents and procedures in line with DGCA requirements and OEM guidelines,» ANI quoted DGCA as saying.

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