Page 4 - Aviation

Here's why Kotak Institutional Equities thinks IndiGo stock may rerate

Kotak Institutional Equities has a 'Buy' rating on the stock with a target price of Rs 5,400, suggesting 28 per cent upside from current levels

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

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

Boeing partners AI Engineering Services to support Navy's P-8I fleet

These aircraft are integral to the Indian Navy's maritime surveillance missions to pick up enemy submarines in the Indian Ocean

Attack on aviation: GPS spoofers 'hack time' on commercial airlines

Recently, an aircraft operated by a major Western airline had its onboard clocks suddenly sent forward by years, causing the plane to lose access to its digitally-encrypted communication systems

Dubai International Airport sees half-year record of 44.9 mn passengers

Dubai International Airport saw a record 44.9 million travelers pass through its cavernous terminals in the first half of this year, putting the world's busiest airport for international travel back on track to beat its all-time record as aviation booms after the coronavirus pandemic. The results released on Wednesday follow a record-breaking annual profit for the long-haul carrier Emirates that calls the airport known as DXB home and comes as Dubai plans to move operations to a planned, nearly $35 billion airfield in the next decade. Meanwhile, a real-estate boom and its highest-ever tourism numbers have made the city-state in the United Arab Emirates no longer just a layover but a destination for even more travelers. The record-breaking performance in the first half of this year highlights our strategic importance as a global aviation hub," Dubai Airports CEO Paul Griffiths said in a statement. Dubai is at the forefront of global cities when it comes to attracting talent, ...

GST notices to foreign airlines may dampen India's aviation potential: IATA

Global airlines' grouping IATA on Tuesday raised concerns over show cause notices issued to some foreign airlines operating to India with respect to Goods and Services Tax (GST), saying the issue can dampen and risk the country's strong aviation potential. Urging the government to resolve the matter, the International Air Transport Association (IATA) said it is disappointed that the Directorate General of GST Intelligence (DGGI) has proceeded to issue show cause notices to some foreign airlines operating to India despite a number of representations made by the industry on this matter. IATA represents more than 330 airlines, including Indian carriers, and its members account for more than 80 per cent of the global air traffic. "DGGI's assertion that GST should apply to expenses incurred by the headquarters of foreign airlines (with a branch office in India) in the course of providing air transport services is flawed. It does not take into consideration the nature and conventions ...

Lufthansa forecasts lower earnings in Q3 as yields slump, costs rise

Lufthansa shares are down around 25 per cent over the last six months as it continues to struggle to recover its balance sheet

Singapore Airlines recycled more in-flight waste than previously reported

Recycling and a broader focus on the environment, including sustainable aviation fuel, has become a much bigger focus for airlines

IndiGo Airlines fined $5,832.60 for late payment by US customs

IndiGo reportedly received the intimation about the penalty from the US authority on 24 July, and is currently exploring the possibility of a waiver of the penalty

Aviation summit opens amid aircraft shortages, supply chain turbulence

Aviation was hit hard by the pandemic which saw air travel collapse only to bounce back sharply. That has left many firms scrambling to resolve labour and parts shortages

DGCA sets up internal working groups to develop regulatory norms for eVTOLs

The Directorate General of Civil Aviation (DGCA) has set up internal working groups for studying various aspects related to operating electric air taxis and develop appropriate regulations, the government said on Monday. With respect to electric Vertical Take Off and Landing (eVTOL) capable aircraft for carrying passengers, the International Civil Aviation Organisation (ICAO) has established the Advanced Air Mobility Study Group in light of rapid technological advances of new entrants and the potential impact on the aviation ecosystem. "In tandem with that, DGCA has also constituted internal working groups for studying various aspects related to operation of eVTOL to assess and develop appropriate regulations/ requirements suitable for India," Minister of State for Civil Aviation Murlidhar Mohol told the Rajya Sabha in a written reply. He said these working groups will study relevant regulations published by other countries/ civil aviation authorities, seek inputs from the industry

Merger pains: Air India announces VRS scheme for permanent ground staff

Sources stated that approximately 500-600 employees, out of a total of 18,000 from the two carriers, are expected to be retired or separated

Khandu urges Centre to boost flight connectivity from Donyi Polo Airport

Arunachal Pradesh Chief Minister Pema Khandu on Tuesday urged the Centre to increase flight connectivity from Donyi Polo Airport near here to improve connectivity, tourism and commerce in the northeastern state. In a letter to Union Civil Aviation Minister Kinjarapu Rammohan Naidu, Khandu pointed out that as of now, one flight each is being operated from Donyi Polo Airport to Kolkata (six times a week) and to New Delhi (four times a week). These flights, he said, are regularly operating at complete capacity, often leading to immense surges in travel fares and unavailability of tickets for prospective passengers, including in cases of medical and other exigencies. Also, the absence of daily flight operations hampers ease of access for visitors, tourists, often forcing them to seek other travel options. He said there is no same-day connectivity while travelling from Itanagar to Bhopal and Kochi, causing passengers to spend an additional night in New Delhi or Kolkata. The layover whi

Panasonic Avionics opens new software design & development facility in Pune

In-flight Engagement and Connectivity (IFEC) solutions provider Panasonic Avionics on Wednesday opened a new software design and development facility in Pune. The new facility, inaugurated by the Minister of State for Civil Aviation, Murlidhar Mohol, is the first in the country by Panasonic Avionics Corporation dedicated to supporting the development and delivery of IFEC solutions. The facility employs over 200 skilled engineers in the beginning with growth plans in place to scale it up further to support the increasing demand from airlines for these solutions, the company said. Panasonic Avionics said the new facility will accelerate its software development capabilities and help improve the time-to-market for robust, next-generation IFEC and digital solutions. "With its huge number of skilled engineers, and fast-growing aviation sector, India is a natural location for us to invest in for the future of our business, and we look forward to accelerating our software innovation and .

Airbus expects China, India to drive jet sales in next two decades

Carriers in India have loaded up on new plane orders as demand for flying soars with a growing middle class

Boeing plea deal: Manufacturer has long road ahead to regain public trust

Boeing has agreed to plead guilty to a fraud charge resulting from failing to disclose critical design elements to regulators responsible for certifying the 737 MAX aircraft

Airbus launches cost cutting measures to 'save 2024' after output troubles

An Airbus spokesperson declined to comment on internal memos but confirmed the existence of a performance-improvement plan

From fighters to copters, how R&D powers HAL's Himalayan-altitude flight

In the first of a two-part series on India's indigenous aerospace industry, Business Standard traces HAL's pioneering research and development

After regulatory review, Boeing restarts new plane deliveries to China

New Boeing deliveries to China have been off and on since 2019 after two fatal crashes of MAX 8 jets and amid intensifying tensions over issues ranging from technology to national security