Page 5 - Airlines

Air India's low-cost airline Air India Express posts Rs 163 cr loss in FY24

While the company's total income increased by 33 per cent year-on-year (Y-o-Y) to Rs 7,600 crore in FY24, its total expenditure grew by 38.3 per cent to Rs 7,763 crore in the same period

SpiceJet plans to raise over Rs 3,200 cr through debt, equity instruments

Cash-strapped domestic carrier Spicejet plans to raise over Rs 3,200 crore through various debt and equity instruments and capital infusion by the promoter, the airline said in a corporate presentation. The funds will be utilised in fleet ungrounding, liability settlement, new fleet induction and other general purposes, SpiceJet said in the presentation. "Spicejet plans to raise Rs 2,500 crore through QIP and Rs 736 crore through Previous Warrants and promoter infusion," it said. The proposed fundraising is subject to shareholders' approval, it added.

Here's what airlines are doing in response to Cathay's A350 engine failure

Qatar Airways said the issue had no impact on its 24 A350-1000 aircraft and it would continue to monitor any developments

IndiGo flight's emergency landing at Kolkata airport due to engine failure

A Bengaluru-bound IndiGo flight had to make an emergency landing at the Kolkata airport minutes after take-off on Friday night due to an engine failure, a senior official said. Flight 6E0573 from Kolkata to Bangalore, which became airborne at 10.36 pm on Friday, made an emergency landing at the Netaji Subhas Chandra Bose International (NSCBI) airport at 10.53 pm after failure of its left engine, he said. However, no fire or spark was reported, the Airports Authority of India spokesperson said on Saturday. The full emergency declared at 10.39 pm was withdrawn at 11.08 pm, he said. Both the runways at NSCBI airport were handed over to the Air Traffic Control (ATC) to make those available for the plane to land back safely, the spokesperson said. It was learnt that the left side engine of the aircraft failed after take-off as a result of which it had to come back to Kolkata, he said.

Cabinet clears SIA's investment in Air India; Vistara to sunset on Nov 11

Vistara will maintain its aircraft, schedule, operating crew under its brand name until early 2025

DGCA cracks the whip on 3 airlines; SpiceJet under 'enhanced surveillance'

SpiceJet, Akasa Air, Air India Express under fire for lack of safety standards, failing to compensate passengers

DGCA suspends approval for flying training firm Alchemist Aviation

Aviation watchdog DGCA has suspended the approval for Alchemist Aviation following an audit done in the wake of a fatal trainee aircraft accident that found the flying training organisation being non-compliant with regulations. The move comes less than two weeks after the organisation's trainee aircraft was involved in the fatal accident that killed the two people on board -- instructor and trainee pilot. Following the accident on August 20, the Directorate General of Civil Aviation (DGCA) conducted a special safety audit of Alchemist Aviation on August 23 and 24. "During the audit, several serious deficiencies and non-compliances of regulatory provisions were found," DGCA said in a release on Thursday. Alchemist Aviation is into local flying at Jamshedpur Sonari airport in Jharkhand. The regulator said it has suspended the approval granted to Alchemist Aviation to operate as a Flying Training Organisation. "The FTO will have to mandatorily undergo a de novo rectification proces

Qantas announces $271 mn share buyback plan despite annual profit dip

Qantas expects its fuel costs in the first half of fiscal 2025 to be in line with the year-ago level at $2.7 billion

2 workers killed, 1 injured in explosion at Delta Air Lines Atlanta plant

Two workers were killed and another seriously injured in an explosion Tuesday at a Delta Air Lines maintenance facility near the Atlanta airport. Delta said it was working with local authorities to investigate what happened at the wheel and brake shop. WSB-TV reported that a tire on a plane exploded. The television station cited unnamed sources. Several Atlanta fire units and police responded to the maintenance hangar near Hartsfield-Jackson Atlanta International Airport shortly after 5 am, The Atlanta Journal-Constitution reported. Flights into and out of the airport were not affected. The Delta family is heartbroken at the loss of two team members and the injury of another following an incident this morning at the Atlanta Technical Operations Maintenance facility," Delta said in a statement. We have extended our full support to family members and colleagues during this incredibly difficult time. Delta thanked first responders and medical teams. We are now working with local ...

Airfares rise as competition fades on domestic routes, shows data

Competition present on only 31% of domestic routes in April 2024, data show

Akasa Air plans to go public, aims to be profitable by 2028: CEO Vinay Dube

Akasa Air, founded in 2021, has reported losses mounting to Rs 2,400 crore in its first two years

Air India fined Rs 99 lakh for operating flight with unqualified pilots

Regulator says incident in July had 'significant safety ramifications'

Airlines fly over Afghanistan as Middle East becomes greater risk

The carriers mostly stopped transiting Afghanistan, which lies on major routes between Asia and Europe

Cabin crew of SAS go on strike in Norway as wage talks break down

Some 120 SAS employees went on strike initially and the number is expected to grow in the coming days

Govt open to resolve $3.9 billion tax dispute with Infosys, says report

Authorities are exploring options to settle with companies including Infosys, which last month got hit by a demand for Rs 32,403 crore ($3.9 billion) in back taxes dating back to 2017

International airlines suspend flights amid rising Middle East tensions

Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights

India's low-cost carriers rule the skies dominated by IndiGo: Report

India's LCC share is much higher than the global average of 34 per cent, reported by OAG for 2024

Alaska Airlines, Hawaiian merger clears regulatory hurdle with US DOJ

This is a significant milestone in the process to join our airlines, the company said

SpiceJet's domestic market share falls to 3.1% in July, shows DGCA data

SpiceJet had recorded a market share of 16 per cent in March 2020, just before COVID-19 spread across India. The airline has been recording losses for the last six years

IndiGo's median salary increase drops to 4.42% in 2023-24: Annual reports

Airline sources stated that the growth was higher in 2022-23 because the airline was normalising the remuneration of employees who had suffered salary cuts during the peak of the COVID-19 pandemic