Aviation Sector

Aircraft Leasing Companies encourage Boeing to build replacement of 757

Aircraft Leasing Companies encourage Boeing to build replacement of 757

Aircraft leasing companies have been encouraging aircraft manufacturing company Boeing to come up with a replacement for its discontinued 757. The companies also said that priority of all aircraft manufacturing companies must be to work on existing orders.

During a press conference, Steven Udvar-Hazy, chief executive officer of American aircraft leasing company Air Lease Corp, and some of the industry's most influential figures said that a jet with 200 to 250 seats will be in great demand in near future. As the jet will be in demand in next eight to 12 years, Boeing will have enough time to focus on upgrading its smaller 737 jet that has capacity of 85 to 215 passengers. It will also allow the company to make improvements in engine.

Solar Impulse 2, a Solar-Powered Plane Blasted off from Abu Dhabi to Travel across the World

Solar Impulse 2, a Solar-Powered Plane Blasted off from Abu Dhabi to Travel

It has been reported that a Swiss solar-powered plane blasted off from Abu Dhabi for its first ever attempt to fly across the world without any fuel.

Sources informed that Andre Borschberg, founder of the Solar Impulse, was at the controls of the single-seater plane during its launch from the Al Bateen Executive Airport.

Furthermore, Mr. Borschberg will swap his control charge with Solar Impulse co-founder Bertrand Piccard during stop-over.

According to Swiss pilots, their aim behind this attempt was to create awareness about replacing old polluting technologies with clean and efficient technologies.

They expect that the plane would reach its first destination, i.e. Muscat, Oman, after about 10 hours of the flight.

Asiana Airlines reaches Settlement with 72 Passengers aboard Flight 214

Asiana Airlines reaches Settlement with 72 Passengers aboard Flight 214

It has been found that Asiana Airlines made settlement with 72 passengers aboard an Asiana Airlines flight that crashed in San Francisco two years ago.

A spokesman of the South Korean carrier unveiled the news of the settlement on Wednesday.

The Associated Press reported earlier Wednesday that Frank Pitre, a lawyer for the litigants in the lawsuit, said that this was the first settlement made in connection to the crash.

Pitre said that the passengers who made settlement with the airlines were among those who had injuries that were less serious.
According to the Associated Press, terms of the settlement includes the plane’s manufacturer Boeing Co and Air Cruisers Co.

United Airlines ban bulk shipments of Rechargeable batteries over safety concerns

United Airlines ban bulk shipments of Rechargeable batteries over safety

On Monday, United Airlines announced that it will no longer accept bulk shipments of rechargeable batteries citing safety concerns.

Rechargeable batteries are also called lithium-ion batteries, which are used to power everything from smartphones to laptops to power tools.

These batteries dictate the global battery industry as they're cheap to make, lightweight and can hold a lot more energy than other types of batteries.

Delta Air Lines have stopped accepting bulk shipments of the rechargeable batteries on February 1, while a third major US carrier, American Airlines, have also banned bulk shipments on February 23.

Japan Airlines to expand WIFI services

Japan Airlines to expand WIFI services

New Delhi, Feb 27 : Japan Airlines will be expanding its in-flight WIFI services for customers.

Since 2012, Japan Airlines has been offering in-flight services with Boeing 777-300ERs.

The airline will start expand to include Boeing 767-300ERs and Boeing 787-8s Wi-Fi service in Europe, North America and long-haul Asia routes from March 3 under the theme "Embrace new Challenges".

The service will be applicable on Boeing 767-300ERs under which nine planes have been scheduled for the financial year 2015. For Boeing 787-8s, three planes are scheduled in financial year 2015.

The service will be continued for more Boeing 787-8s for the financial year 2016.

SpiceJet shares soar 17% on CCI nod for capital infusion plan

SpiceJet shares soar 17% on CCI nod for capital infusion plan

Mumbai: Shares of SpiceJet surged more than 17 percent in morning trade today after fair trade watchdog CCI approved original promoter Ajay Singh's plan to acquire controlling stake in the carrier.

Under the revival plan, Singh would infuse Rs 1,500 crore into the carrier after acquiring over 58 per cent stake from outgoing promoters, Marans.

The scrip, listed on the BSE, jumped 17.79 per cent to Rs 23.50. It had opened at Rs 22.80 and touched an intra-day high of Rs 23.50.

At the current price, the carrier has a market valuation of more than Rs 1,400 crore.

Shares of the company had closed at Rs 19.95 on Thursday.

In a regulatory filing today, SpiceJet said Competition Commission of India (CCI) has approved Singh's proposal to acquire majority stake in the carrier.

SpiceJet to increase frequencies in summer schedule

SpiceJet to increase frequencies in summer schedule

New Delhi - Budget passenger carrier SpiceJet Wednesday announced that it will operate new flights and increase frequencies in its new summer schedule effective from March 29.

According to the airline, it will increase frequencies on routes such as Delhi and Amritsar, Bangalore and Mangalore, Mumbai and Jabalpur and Delhi and Jabalpur amongst others.

"The new frequencies on the domestic sectors reflect our confidence that future growth and value lies in providing more connectivity to non-metros and tier 2 cities," said Sanjiv Kapoor, chief operating officer, SpiceJet

On the international front, the airline said that it will introduce new daily flights to Dubai from Amritsar and Mangalore, taking its total service to Dubai to seven flights daily.

SpiceJet shares down 4% as Q3 loss widens

SpiceJet shares down 4% as Q3 loss widens

Mumbai: Shares of budget airline SpiceJet today fell by 4 percent after the company reported widening of net loss by a steep 59 percent during the third-quarter at Rs 275 crore.

The stock went down by 3.99 per cent to Rs 19.25 at the BSE.

The company announced its results post market hours yesterday.

In the middle of an ownership change, SpiceJet had yesterday reported a steep 59 percent rise in third-quarter net loss at Rs 275 crore on lower passenger numbers and a one-time cost of Rs 295 crore.

Emirates unveils 'specially-dressed' A380 aircraft to celebrate WC with fans across the world

Emirates A380 for wc 2015Thiruvananthapuram, Feb 02 : With just two weeks left until the start of the ICC Cricket World Cup 2015, Emirates airline, a global connector of people, places and passions, has unveiled the first of its aircraft that would feature the tournament's logo.

The Emirates Airbus A380 recently set off to Australia and New Zealand, and is the first of a number of specially-dressed Emirates aircraft that would fly around the globe, celebrating this major event with cricket-lovers and uniting fans around the world.

No alcohol, seafood: Jet Airways pilots observe safety week

Jet AirwaysNew Delhi : No alcohol for one week. This is what the pilots of private carrier Jet Airways have decided as part of a novel way to observe a flight safety week at the airline from January 30 to February 5.

The airline pilots, who have seldom found themselves at the receiving end for one reason or the other, have also decided to adhere to "all stabilised approach" in the operations and flight duty time limitation (FDTL) norms, airline sources said.

A stabilised approach is a key feature to a safe approach and landing and a part of the DGCA formulated Standard Operating Procedure (SOP) for safe flight operations.

SpiceJet plans to raise Rs 1,500 crore; Marans exit Board

SpiceJetNew Delhi: Low cost carrier SpiceJet, which is going through an ownership change, plans to raise Rs 1,500 crore by way of issuing securities and allotting non-convertible preference shares to Marans, its promoters, who will be exiting the company.

The Board of SpiceJet, in its meeting on Thursday, has approved the entire 58.46 percent stake sale of its promoter group, Marans, to Ajay Singh.

The embattled airline, which received a lifeline from original promoter Singh earlier this month, would also issue up to 37.5 lakh non-convertible cumulative redeemable preference shares of Rs 1,000 apiece to Kalanithi Maran or Kal Airways or both on a preferential basis.

JAL to purchase 32 MRJ aircraft

Japan AirlinesTokyo, Jan 28 : Japan Airlines (JAL) on Wednesday announced that it has signed an agreement and letter of intent with Mitsubishi Aircraft for the purchase of 32 firm Mitsubishi Regional Jet (MRJ) aircraft.

JAL rates the performance of the next-generation MRJ aircrafts very high is considering Mitsubishi Aircraft's proposals for operational support following the delivery of the aircrafts. Mitsubishi has so far 407 MRJ aircrafts (223 firm, 160 option, 24 purchase rights) are on order, including 32 from JAL. Deliveries to JAL are scheduled to commence in 2021.

Will pursue growth plans at full throttle from March: AirAsia

Air AsiaNew Delhi: No-frills carrier AirAsia India has said it will pursue its growth plans at full throttle from March with the induction of more aircraft and expansion of the route network.

As part of its summer schedule from March to October, which is yet to be finalised, the budget carrier would be looking at 100 frequencies per week and adding one aircraft every month in the fleet, AirAsia India chief executive Mittu Chandilya said here last week.

"Full expansion will take place from March when we introduce more flights and new routes. We also plan to induct one aircraft per month... From March," Chandilya said.

Govt approves SpiceJet's 'reconstruction & revival' plan

New Delhi - Budget carrier SpiceJet today said the government has approved its "reconstruction and revival" plan submitted to the Civil Aviation Ministry on January 15.

"The company has on January 22, 2015 received the approval of the competent authority, the Ministry of Civil Aviation, Government of India, for the 'scheme of reconstruction and revival for the takeover of ownership, management and control of SpiceJet Ltd' by Ajay Singh in accordance with the application made by the company," the airline said in a filing to the BSE today.

Mumbai-bound AI plane from London diverted to Budapest

New Delhi - A Mumbai-bound Air India flight from London was diverted to Budapest in Hungary Thursday night following a technical snag.

The flight landed at Budapest Airport safely and the passengers have been taken care of, an Air India spokesperson told PTI here.

The AI plane took off from London at its scheduled time 1330 hrs (1900 hrs IST) and landed safely in Budapest at 1752 hrs local time (1022 hrs IST), he said.

According to sources, the flight, AI-130 from London to Mumbai, was diverted to Budapest due to technical problem in one of the engines.

SpiceJet shares tank over 8% on fresh financial worries

SpiceJetMumbai: Shares of SpiceJet Wednesday settled over 8 percent lower after Mumbai Airport asked the budget carrier to immediately pay the pending dues of Rs 5 crore and provide a bank guarantee of Rs 15 crore.

After falling 8.69 percent to Rs 21 in intra-day trade at the BSE, shares of SpiceJet ended 8.26 percent lower at Rs 21.10.

The company's market capitalisation fell by Rs 101.56 crore to Rs 1,129.44 crore.

On the volume front, 120 lakh shares of the company changed hands at the BSE during the day.

Emirates increases capacity on Chicago route

Emirates AirlineThiruvananthapuram, Jan.16 - Emirates, a global connector of people and places, will be able to connect even more people with Chicago on 1st May when it switches from its Boeing 777-200LR currently operating the route to a larger Boeing 777-300ER aircraft, adding passenger capacity.

Emirates launched its Chicago service-its ninth U.S. gateway-on 5th August 2014. Less than a year later, the route has carried 66,000 passengers and 3,410 tonnes of cargo to-date. The increase in capacity will offer

World's most unsafe airlines revealed

Scat AirlinesMelbourne, Jan 15 : The least safe airlines in the world include those from Nepal, Kazakhstan and Afghanistan, according to safety ranking made by AirlineRaings. com.

Around 449 airlines from across the world were evaluated on the basis of global aviation safety standards.

News. com. au reported the airlines were rated on a seven-star system that leaned on accreditation from various international flight bodies. If any airline used exclusively Russian-made equipment, it lost one star automatically.

2014 named safest in 111 years of flight despite MH370, MH17, QZ8501 disasters

Aviation Safety NetworkLondon, Dec 31 : The Aviation Safety Network (ASN) has named 2014 as one of the safest years in 111 years of flight despite the Malaysian Airlines' MH370, MH17 and AirAsia QZ8501 disasters.

However, it was announced before the AirAsia QZ8501 tragedy that occurred on Sunday, reported the Daily Star.

The number of passenger fatalities was 526 in 19 accidents, 150 deaths below the decade's average of 676 deaths over 32 accidents, according to the ASN.

Harro Ranter, the founder and director of ASn said that 2014 had the lowest number of plane accidents in the modern aviation history.

Air China to launch direct Chengdu-Colombo flight from Feb.10

Air ChinaColombo, Dec.29 - China's national airline - Air China - will start a direct service between Chengdu, the capital city of southwest China's Sichuan province, and Sri Lankan capital Colombo from February 10, 2015.

An airline statement said that the Chengdu-Colombo service will operate four weekly flights using Airbus A330 aircraft.

The four flights will be on Tuesdays, Thursdays, Saturdays and Sundays with one-way trip taking five-and-a-half hours.

This is the first service from Chengdu to a Sri Lankan city, marking an important step towards the construction of the flag carrier's Chengdu hub.

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