Shares of Indigo airline operator InterGlobe Aviation hit a record on Wednesday, trading 5 per cent higher at Rs 3,801 apiece in afternoon trading. This marked the fourth consecutive day of gains for the company’s shares. The increase in share value made InterGlobe world’s third-largest airline by market capitalisation. According to a report in Moneycontrol, […]
Day: April 12, 2024
After India, Serbia likely to buy Rafale jets in major shift from Russia
Serbia is close to signing a deal on the purchase of 12 French Rafale multi-purpose fighter jets, the Serbian president announced Tuesday, in what would mark a shift from its traditional military supplier Russia. President Aleksandar Vucic spoke during his two-day visit to Paris and talks with French President Emmanuel Macron as well as French […]
Ramco Systems zooms 20% on signing deal with Korean Air
Shares of Ramco Systems were locked at the 20 per cent upper circuit at Rs 341.75 on the BSE in Wednesday’s intra-day trade after the largest South Korean airline – Korean Air signed a multi-million dollar deal with the company for its aviation software Ramco Aviation. Till 10:33 am; a combined 2.33 million equity shares […]
Boeing CEO to testify on jetliner safety after whistleblower charges
A Senate subcommittee has summoned Boeing CEO David Calhoun to testify about the company’s jetliners in an inquiry prompted by new safety-related charges from a whistleblower. The panel said it will hold a hearing next week featuring a Boeing quality engineer, Sam Salehpour, who is expected to detail safety concerns involving the manufacture and assembly […]
Boeing took shortcuts for faster production of its 787s: Whistleblower
Boeing Co. allegedly took shortcuts to ease production bottlenecks for its 787 Dreamliner aircraft that could eventually impair the structural integrity of more than 1,000 of the widebody jets in service, according to a quality engineer who worked on the planes. The embattled planemaker wrongly measured and filled gaps that can occur when airframe segments […]