Page 26 - Airlines

EU boosts green aviation with 70% sustainable fuel at airports by 2050

EU lawmakers approved Wednesday new rules requiring airlines to use more sustainable fuels across the bloc in a bid to help decarbonise the sector. Under the new standards adopted during a European Parliament plenary session in Strasbourg, France, 2 per cent of jet fuel must be sustainable as of 2025, with this share increasing every five years to reach 70 per cent by 2050. The Parliament said that sustainable fuels will include synthetic fuels, certain biofuels produced from agricultural or forestry residues, algae, bio-waste, used cooking oil or certain animal fats." Recycled jet fuels produced from waste gases and waste plastic, as well as renewable hydrogen, will be considered green, while food crop-based fuels and fuels derived from palm and soy materials won't. The aviation sector accounts for 13.9 per cent of transportation emissions in the EU, making it the second biggest source of greenhouse gas emissions in the sector after road transport, the European Commission said. If

IndiGo to lease 22 aircraft to overcome impact of P&W engine snags: Report

IndiGo has the largest fleet with 135 planes running on the P&W engines which will be impacted due to safety inspection

JetBlue steps up campaign to save plan to buy Spirit Airlines for $3.8 bn

JetBlue Airways said on Monday it has reached agreement to turn over Spirit Airlines' operations at airports in Boston and Newark, New Jersey, as JetBlue ramps up its effort to win regulatory or court approval to buy Spirit. JetBlue CEO Robin Hays said the announcement is aimed at removing any doubt of our commitment to promoting competition. The US Justice Department is suing to block JetBlue's proposed USD 3.8 billion purchase of Spirit, arguing that it will hurt competition and raise prices by eliminating Spirit, the nation's biggest discount airline. A trial is scheduled to start next month in federal court in Boston. Lawyers for two dozen consumers have filed a similar lawsuit in the same court. The Justice Department was emboldened after it won a similar case and blocked a partnership between JetBlue and American Airlines, leading JetBlue to scramble to salvage its Spirit deal. The New York-based airline argues that buying Spirit will make it bigger and a stronger competitor

Adani, Emirates, Tata interested in SriLankan Airlines, claims report

Private companies, including Tata Sons, Adani Group, and Emirates, engage in discussions as the Sri Lankan government looks to privatise SriLankan Airlines

G20: Air India, Vistara announce waivers for ticket holders from 7-11 Sept

A spokesperson for Delhi airport said it has also formed a team of senior officials who will monitor G20 arrival and departure operations to ensure the best experience for the arriving delegates

TMS Ep514: G20 Summit, Sahasra chip plant, metal stocks, airline codes

What are the key things to look for at the New Delhi G20 Summit? What is the significance of the Sahasra chip plant? Do metal stocks have more mettle? What are airline codes? All answers here

Qantas CEO to depart early as airline looks to rebuild reputation

Over a decade and a half Joyce faced regular criticism for cutting jobs, including a 2011 decision to ground the entire Qantas fleet over an industrial dispute

Scores of flights likely to be affected at Delhi airport during G20 meet

Scores of flights are likely to be affected at the Delhi airport during the three days from September 8 in connection with the G20 Summit and airlines are offering waiver of charges for customers planning to reschedule their travel dates. Officials in the know on Tuesday said airlines are making adjustments to their flight operations and select flights are being cancelled or rescheduled. One of the officials said that around 120 flights are likely to be impacted during the September 8-10 period. The Indira Gandhi International Airport (IGIA), operated by DIAL, in the national capital is the country's largest airport and handles around 1,300 flights daily. On August 26, DIAL said it had received requests from airlines for cancellation of 80 departing and as many arriving domestic flights during three days from September 8. "Due to elaborate regulations on vehicular movement planned by the Delhi Traffic Police, in view of the G20 Summit that is expected to impact approach routes to

Go First cancels all flights till Sep 10 due to operational reasons

The company assured that the bookings will resume shortly as they have filed an application for immediate resolution

Delhi airport braces for G20 Summit, airlines rue last-minute curbs

Special team to handle VIP arrivals; airlines cancel 160 flights after govt order

Pakistan airline seeks $75 million as bailout package from interim govt

The Pakistan International Airline (PIA) has sought a bailout package worth Rs 23 billion Pakistani currency (approx. 75 million USD) from the government

Go First extends flight cancellation till August 31 from August 27

Go First added that the company has filed an application for immediate resolution and revival of operations and is optimistic about resuming bookings shortly

Air India to deploy additional cabin crew on narrow body planes: CEO

An official from Air India clarified that narrowbody planes require more cabin crew members to deliver premium service

NCLAT permits Engine Lease Finance to inspect its jet engines with Go First

The National Company Law Appellate Tribunal (NCLAT) on Friday allowed Engine Lease Finance BV to inspect their four engines leased to crisis-hit carrier Go First. A two-member bench of the appellate tribunal granted relief to Engine Lease Finance (ELF) after modifying the earlier order of the National Company Law Tribunal (NCLT) on July 26. NCLAT has directed the resolution professional of Go First, which is going through the corporate insolvency resolution process (CIRP), to allow the world's leading independent engine financing and leasing company to inspect the engines within 10 days of the order. "We are of the view that inspection be permitted within 10 days from today," said an NCLAT bench comprising Chairperson Justice Ashok Bhushan and Barun Mitra. During the proceedings, counsel for the resolution professional submitted that in view of the orders passed by the Delhi High Court, the inspection shall be allowed, and the date for carrying out the inspection shall be intimated

Pakistan International Airlines may suffer Rs 11200 crore loss in 2023: CEO

Pakistan's cash-strapped national carrier PIA is expected to suffer a loss of Rs 112 billion this year and running the airline on a public-private partnership model is the only solution to turn it into a profitable organisation, its CEO has said. During a press briefing, Pakistan International Airlines' CEO Air Vice Marshal Amir Hayat pointed out that the national carrier sustained a total loss of Rs80 billion in 2022 because of old loans and interest payments, the Express Tribune reported. He said that the PIA had a debt of Rs 742 billion passed on to its current management. Hayat warned that if the airline was not restructured, its annual loss would reach Rs 259 billion (USD 900667) in 2030. We have drawn up a roadmap for this purpose, he said. He maintained that running the PIA on a public-private partnership basis was the only solution to turn the airline into a profitable and international standard organisation. The PIA CEO claimed that maximum reforms had been made in the .

SC rejects Go First plea against Delhi HC nod to lessors to access planes

On August 3, the airline had moved to Supreme Court against the Delhi HC's order to allow lessors to inspect the aircraft

Ranchi-bound Indigo flight develops technical snag, returns to Delhi

A passenger, onboard the flight said that the pilot of Indigo flight number 6E-2172 announced mid-air about the technical glitch in the aircraft, and said that flight is returning to the IGI airport

Top headlines: Govt defers laptop import curbs, Go First insolvency

Business Standard brings you the top headlines at this hour

7 airlines closed down in 5 years; 16 carriers operational now: Govt data

A total of seven airlines, including Heritage Aviation and Air Odisha Aviation, have been closed down in the last five years, the government said on Thursday. Currently, there are 11 scheduled operators and 5 scheduled commuter operators in the country, according to data provided by Minister of State for Civil Aviation VK Singh in a written reply to the Lok Sabha. As per the data, seven airlines have been shut down in the last five years till July 21, 2023. Two airlines -- Heritage Aviation Pvt Ltd and Turbo Megha Airways Pvt Ltd -- were shuttered in 2022. Three carriers -- Zexus Air Services Pvt Ltd, Deccan Charters Pvt Ltd and Air Odisha Aviation Pvt Ltd -- were shut down in 2020. In 2019, Jet Airways (India) Ltd and Jet Lite (India) Ltd were closed down, as per the data. Jet Airways, which was issued an Air Operator Certificate (AOC) on February 13, 2022, stopped flying on April 17, 2019, due to a financial crunch. "After closure, Jet Airways (India) Ltd. had undergone insolve

NCLT gives green signal to Go First to fly aircraft if registered

The tribunal also denied requests of lessors to inspect the leased engines of the aircraft