Global airlines cut 2019 profit forecast over trade tensions
IATA cut full-year net profit forecast to $25.9 billion, a 5.1% decline from 2018.
IATA revises down 2019 airline profits, sees stability in 2020
Airline net profits are now expected to fall to $25.9 billion from $27.3 billi...
FAA chief says Boeing 737 MAX won't be cleared to resume flying in 2019
Federal officials told Reuters earlier this week the FAA is not expec...
Indian banks argue for Vijay Mallya bankruptcy, UK court reserves judgment
A group of Indian public sector banks sought a bankruptcy order against embattled liquor tycoon Vijay Mallya during a High Court hearing in London. Judge Michael Briggs presided over the ongoing hearing in the insolvency division of the court on a bankruptcy petition filed by the banks last year, in relation to lending by Mallya's now-defunct Kingfisher Airlines.
Indian banks back in UK court over Vijay Mallya's non-payment of debt
Besides SBI, the 13 Indian banks include Bank of Baroda, Corporation bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu & Kashmir Bank, Punjab & Sind Bank, Punjab National Bank, State Bank of Mysore, UCO Bank, United Bank of India and JM Financial Asset Reconstruction Co. Pvt Ltd.
Vistara passengers can now earn and burn frequent flier miles on Lufthansa
Codesharing allows an airline to book its passengers on its partner carriers and provide seamless travel to destinations where it has no presence. An interline arrangement refers to a pact to issue and accept tickets for flights that are operated by the partner airline.
A royal display of common sense: Once kings take commercial flights for official visits, will common VIPs follow?
The King and Queen of Sweden didn't just hop on to a commercial flight, but also carried their own hand baggage.
European shares stabilise after four-day losing streak
Trade-sensitive German shares, up about 0.2 per cent, also recovered from a 1-month low.
After Jet Airways' demise, Lufthansa plans to 'strengthen' partnerships with Indian airlines
For 2020, the Lufthansa group will be trying to strengthen Indian partnerships so that Indian carriers can bring passengers from second and third-tier cities to its four gateways. However, apart from launching a Munich-Bengaluru flight service in April, the airline does not plan to start any other flight service in 2020.
Emirates appoints Jabr Al-Azeeby as vice-president of India and Nepal
Jabr Al-Azeeby is appointed as the new vice-president of India and Nepal operations for Emirates. Having served Emirates for more than fourteen years, Al-Azeeby has been looking for opportunities to better serve the local community, and working with internal stakeholders across Emirates’ wide network and span.
Lobbyist Talwar bribed public servants to help foreign airlines; over 50 firms under scanner: Probe report
Talwar was deported to India from Dubai early this year after which he was arrested by the Enforcement Directorate (ED) and the CBI for his alleged role in lobbying in various UPA-era government deals, primarily in the aviation sector.
Overcapacity in skies pulls down fares, hurts airlines’ bottomline
Airlines seem to be in a doom loop, with excess capacity and not enough places to fly aircraft profitably.
Indian, Russian school students share best practices in contemporary innovation
This colloboration and student exchange program was conceived by the Hon. Prime Minister of India, Mr Narendra Modi during his visit to SIRIUS, Sochi in May 2018. Later, a MoU was signed between Atal Innovation Mission (AIM) and SIRIUS Education Center, in Oct 2018.
NCLT again seeks clarity on Jet slots from DGCA, ministry
After Jet Airways went bust in mid-April, government temporarily allotted the hundreds of slots owned by Jet to other carriers, with an apparent bid to contain soaring airfares in the peak holiday season. The slots were first allotted to other airlines for three months, which was extended to December-end. The lack of clarity on slots has created confusion.
FAA rebuffs Boeing with vow to scrutinise all 737 MAX deliveries
US aviation regulators will conduct the final approval of factory-fresh Boeing 737 Max jets rather than allowing company employees to handle routine signoffs before the planes are delivered.
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