Domestic equities opened lower on Wednesday tracking global cues and key quarterly results. BSE benchmark Sensex opened 194.52 points, or 0.32 per cent down to 61,160.19, while broader NSE Nifty plunged 65.60 points, or 0.36 per cent to 18,082.05. By 9.30 am, Sensex slipped 258.8 points, or 0.52 per cent to 61,095.91, while Nifty50 was […]
Category: Civil Aviation
Aviation stocks jump after Go First insolvency announcement; IndiGo soars 6%
Airline stocks jumped on Wednesday after domestic carrier Go First announced that it has filed for voluntary insolvency proceedings with the National Company Law Tribunal (NCLT). In the early trade, IndiGo jumped as much as 6 per cent on BSE. By 9.45 am, the stock was trading 5.97 per cent higher at Rs 2194.05. Meanwhile, […]
Embattled Go First suspends flights from May 3-5
Cash-strapped Indian airline Go First has suspended its flights from May 3 to May 5 over pending dues owed to oil marketing companies. The Wadia group airline has informed the Directorate General of Civil Aviation that it will not be able to operate flights, sources in the know said. Go First has been battling financial […]
Go First files for voluntary insolvency proceedings with NCLT, blames US engine maker for woes
Cash-strapped carrier Go First has filed for voluntary insolvency proceedings with the National Company Law Tribunal (NCLT) following “the ever-increasing number of failing engines supplied by US-based Pratt & Whitney’s (P&W) International Aero Engines”, which has led to grounding of 25 planes, or half of its fleet of Airbus A320neo aircraft, and led to significant […]
Embattled Go First suspends flights from May 3-5
Cash-strapped Indian airline Go First has suspended its flights from May 3 to May 5 over pending dues owed to oil marketing companies. The Wadia group airline has informed the Directorate General of Civil Aviation that it will not be able to operate flights, sources in the know said. Go First has been battling financial […]
Mangaluru International Airport launches Integrated Cargo Terminal to boost air cargo operations
On May 1, the Mangaluru International Airport in Bengaluru opened its Integrated Cargo Terminal (ICT) for public use. The ICT covers an area of 1,891 sq.m, with 1,200 sq.m allocated for international cargo and the remaining area for domestic cargo. The terminal is capable of handling 9,000 tonnes of international and domestic cargo per annum. […]
Cockpit entry incident: DGCA issues notices to Air India CEO, head of flight safety
Aviation regulator DGCA has issued a show-cause notice to Air India CEO Campbell Wilson for the airline’s lapses in reporting about the incident of a pilot allowing a female friend inside the cockpit during a Dubai-Delhi flight on February 27, according to a senior official. A show-cause notice has also been issued to the Tata […]
First CXO-level exit after A-I privatisation: Engineering head to join SpiceJet as COO
Air India’s Chief Technical Officer (engineering head) Arun Kashyap will return to SpiceJet as chief operating officer, about a year after he left the no-frills carrier for the Tata group airline. Kashyap will join SpiceJet on June 12, the airline said in a release. This is the first CXO-level exit at Air India since the […]
Air India signs multi-year global distribution services partnership with US-based Sabre Corporation
Full service carrier Air India on Thursday announced a new multi-year global distribution services partnership with US-based Sabre Corporation. The collaboration enables travel agents and corporations around the world to access Air India fares and seats through Sabre’s extensive global travel marketplace, Air India said in a statement. In addition to the distribution services, Air […]
Air India cockpit entry incident: DGCA orders derostering of Dubai-Delhi flight crew pending probe
Nearly two months after an Air India pilot allowed a female friend into the cockpit during a Dubai-Delhi flight, aviation watchdog DGCA has directed the airline to deroster the entire crew till investigations are complete, according to a senior official. A cabin crew member of the flight had filed a complaint with the Directorate General […]
Air India to hire more than 1,000 pilots as Tata Group-owned airline expands its fleet
Air India will hire more than 1,000 pilots, including captains and trainers, as the Tata Group-owned airline expands its fleet and network. The airline, which currently has more than 1,800 pilots, has placed orders for 470 aircraft with Boeing and Airbus, including for wide-body planes. The latest Airbus firm order comprises 210 A320/321 Neo/XLR and […]
Mastermind of suicide bombing at Kabul airport killed in Afghanistan
A ground assault by the Taliban killed the Islamic State militant who spearheaded the August 2021 suicide bombing at the Kabul airport that left 13 US troops and about 170 Afghans dead during the chaotic US withdrawal from Afghanistan, US officials said Tuesday. Initially, neither the US — nor apparently the Taliban — were aware […]