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Investing.com — U.S. stocks were rising, adding to recent strong gains as investors digest a deluge of big corporate earnings.

WASHINGTON—U.S. lawmakers are arguing over how best to fix a pilot supply crunch, expand access to a popular but overcrowded D.C.-area airport, and bolster protections for consumers at a time when surging travel demand is straining capacity. The debate comes as Congress races to hammer out legislation reauthorizing the Federal Aviation Administration before Oct.

Onex Corp. is seeking US$750 million for a new fund dedicated to transportation investments, people familiar with the matter said, a test of its ability to raise money in a tough climate for private equity.

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Mint. “The airlines are certainly very eager to purchase more SAF, but some Indian airlines are the most price-sensitive anywhere in the world. Therefore, the challenge is to bring the cost of sustainable aviation fuel down because it currently is at 300-500% of traditional jet fuel." SAF is any fuel with properties similar to those of conventional jet fuel, but with lower carbon emissions.

Congress will vote this week on legislation that will shape the agency responsible for safely managing the nation’s airspace and regulating its airlines

GAIL, the nation’s top natural gas transporter, has tied up with LanzaTech of the US to explore setting up a pilot-scale carbon capture and conversion project, the companies said in a statement on Tuesday. «The possibilities coming out of this collaboration with LanzaTech are very promising and significant to improving our carbon footprint,” said Sandeep Kumar Gupta, Chairman and Managing Director of GAIL.

  New Delhi: GAIL (India) Ltd, the country’s largest gas distributor, and LanzaTech Global, an innovative carbon capture and utilization company that converts waste carbon into products that people use in their daily lives, have entered a partnership to explore innovative technology solutions that advance GAIL’s net zero 2040 goals and have the potential to support wider decarbonization applications globally. The partnership between GAIL and LanzaTech will focus on the development of a pilot-scale CO2 capture and conversion project.

aviation market has a «huge potential» waiting to be tapped, and a growing middle-class and a young population usually showing a greater propensity to travel will contribute to its growth, top experts of the industry have said. Besides, privatisation of airports has been a «big boost for aviation», and huge investment is happening in new airports and existing airports in India, said Nipun Aggarwal, Chief Commercial & Transformation Officer, Air India.

By Sayan Chatterjee

Anand Mahindra, who reached Paris last week for the Bastille Day celebration, is busy exploring the streets of the city of love. Taking to social media, the Mahindra Group Chairman dedicated an adorable note to the fashion capital of the world. The 69-year-old — who has been exploring the city on foot — realised that «Paris hasn't lost any of its magic.» In his thoughtful post, the auto boss called Paris the best 'walking city' in the world.

Tata family seeks to strengthen its aviation empire and compete with market leader IndiGo. Vinod Kannan, the CEO of Vistara, confirmed on July 17 that the staff integration process had already begun.

(Reuters) — FedEx Corp (NYSE:FDX) said on Monday it has appointed John W. Dietrich, former CEO of Atlas Air (NASDAQ:AAWW) Worldwide, as chief financial officer, effective Aug. 1.

BBC reported. The report said that the mysterious object can be part of the recently launched Chandrayaan-3. "We want to reassure the community that we are actively engaged in a collaborative effort with various State and Federal agencies to determine the object's origin and nature," police said in a statement.

Chennai and Sri Lanka's Jaffna city have commenced with India's Alliance Air increasing the frequency from the earlier four-times-a-week service, a move that is set to further boost travel and trade between the two countries. The move to increase the frequency of flights between Chennai and the Tamil-dominated Jaffna city was announced earlier this month by Union Minister of Civil Aviation Jyotiraditya Scindia during the Travel Agents Association of India (TAAI) annual convention hosted in Colombo. The daily commercial flights between Chennai and the Jaffna International Airport (JIA) in the north began operations on Sunday, aviation officials said. Chief Airport Manager, Aruna Rajapaksa, confirmed the inaugural flight's arrival in Jaffna at 11:30 am, marking the initiation of daily flights along this route, the NewsFirst news portal reported on Sunday. «Alliance Air is set to commence daily scheduled operations between Jaffna and Chennai, starting from 16th July 2023. Initially operating with their ATR72 aircraft, which can comfortably carry 70 passengers», a press release by Sri Lanka's Airport and Aviation Services said. Alliance Air, which initially aimed for four flights per week starting from December 15, 2022, decided to upgrade the frequency of its operations to a daily flight service due to the growing demand for flights to the JIA.

InterGlobe Aviation Ltd. slipped 0.14 per cent to Rs 2656.25 in Monday's trade. It hit a high of Rs 2687.0 and low of Rs 2649.0 during the session.

Himachal Pradesh remains the hardest hit, after which Union Home Minister Amit approved the advance release of the second installment of the central share of the State Disaster Response Fund (SDRF) amounting to ₹180.40 crore. A total of 11 teams of the National Disaster Response Force (NDRF) along with rescue boats and other necessary equipment have been deployed for rescue operation in Himachal Pradesh.

forex reserves, according to a report published by Dawn quoting sources.  Finance Minister Ishaq Dar has convened multiple meetings of the committee formed to engage foreign operators for outsourcing. He told the stakeholders to finalize formalities to outsource the operations of Islamabad International Airport (IIA) by August 12.  On Saturday, Dar chaired a meeting of the steering committee for assessing the progress of airport operations outsourcing.

Airport in West Tisbury, Massachusetts. The 79-year-old pilot suffered an emergency during the plane’s final approach.

The private equity interests behind Bonza, the latest to try its hand at breaking into the ultra-competitive Australian aviation market, are considering whether to bring in new capital partners to back the airline’s expansion into a full-scale domestic carrier.

NEW DELHI : The Union power ministry aims to raise around ₹15,000 crore through asset monetization in FY24, close to the previous year’s target of ₹15,308 crore, a person aware of the development said. However, the government could raise only around ₹9,400 crore in FY23. “The ministry is likely to target ₹15,000 crore worth of asset monetization this year.