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☆ Bomb threat hoaxes wreak havoc on India’s travel industry, days ahead of Diwali festival
▼ + stars: | 2024-10-25 | by ( Jessie Yeung | ) edition.cnn.com time to read: +7 min

One airline alone, the budget company IndiGo Airlines, received nearly 30 bomb threats in four days since Sunday, according to statements by the carrier. Bomb threat hoaxes aren’t a new phenomenon in India – several airports received similar threats in April and June this year. Millions of dollars lostEach bomb threat causes a ripple effect of disruptions, costing both airlines and passengers huge amounts of time and money, said Lazar. Authorities follow these steps “word for word” with every single threat, said aviation minister Naidu. “Passengers are going to be scared but those who need to fly will fly … so what’s going to happen if this havoc is created around Diwali?” Lazar said.

Persons: Sanjay Lazar, Hilmi Tunahan, ”, Kinjarapu Ram Mohan Naidu, Lazar, –, There’s, Naidu, “, ” Lazar, Prakash Singh, pranksters, we’ve Organizations: New, New Delhi CNN, IndiGo Airlines, Akasa Airlines, SpiceJet, Alliance Air, India, Air India, Passengers, Vistara Airlines, Getty Images Police, Twitter, Police, Civil Aviation, Authorities, Indira Gandhi International, Bloomberg, Getty, CNN, Ministry of Civil Aviation Locations: New Delhi, New York, Chicago, Singapore, “, India, Turkey, Germany, Erzurum, Anadolu, Mumbai

☆ Indian airline IndiGo gives female travelers option to choose seats next to other women
▼ + stars: | 2024-05-31 | by ( Karla Cripps | ) edition.cnn.com time to read: +1 min

CNN —One of India’s biggest airlines has just launched a new feature that allows female travelers to see where other women are sitting when selecting seats for their flights. According to a statement sent to CNN, low-cost carrier IndiGo Airlines is offering the feature on a pilot basis to female passengers checking in for their flights online. The carrier, founded in 2006, operates more than 2,000 domestic and international flights per day in India. Though the airline didn’t specify a reason for giving women the option of seeing where other females are seated, assaults against women and children during commercial flights are reported regularly all over the world. “Typically, men are the perpetrators, and women and unaccompanied minors are the victims.”

Persons: IndiGo, ” Organizations: CNN, India’s, IndiGo Airlines, ” CNN Locations: India

☆ India's aviation watchdog proposes less work, more rest for pilots - draft
▼ + stars: | 2023-11-04 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Francis Mascarenhas Acquire Licensing RightsNEW DELHI, Nov 4 (Reuters) - India's air safety watchdog proposes reduced night work hours and more rest for pilots, among measures to address rising complaints of pilot fatigue, according to draft regulations seen by Reuters on Saturday. The proposal from the Directorate General of Civil Aviation come more than two months after it decided to conduct a review of pilot fatigue data collected during spot checks and surveillance of airlines. The review was launched after an IndiGo (INGL.NS) pilot collapsed and died in August before his flight. Changes would include cutting the maximum flight duty period to 10 hours from 13 hours for pilots operating at night, and increasing the minimum weekly rest period to 48 hours from 36 hours. IndiGo, India's biggest airline, has said the pilot who died had a 27-hour break before duty and was in good health.

Persons: Francis Mascarenhas, Aditi Shah, YP Rajesh, William Mallard Organizations: IndiGo, REUTERS, Reuters, Civil Aviation, Tata, Air, India's, YP, Thomson Locations: Chhatrapati Shivaji International, Mumbai, India, DELHI, Air India

The logo of IndiGo Airlines is pictured on passenger aircraft on the tarmac in Colomiers near Toulouse, France, July 10, 2018. REUTERS/Regis Duvignau//File Photo Acquire Licensing RightsBENGALURU, Nov 3 (Reuters) - India's biggest airline IndiGo said on Friday it would lease new planes and extend agreements on some older ones to offset the disruption from new problems with Pratt & Whitney engines. IndiGo has retained 14 of its older Airbus A320ceo, extended leases on 36 other aircraft, and is taking 11 additional aircraft on lease starting November. The company is in talks with Pratt & Whitney for compensation over engine issues and expected payments to be staggered, he said. Close to 40 IndiGo planes are currently grounded due to older issues with Pratt & Whitney engines and the airline is yet to ascertain the number of groundings from the new problems.

Persons: Regis Duvignau, Pratt & Whitney, IndiGo, Pieter Elbers, Gaurav Negi, Negi, Aditi Shah, Nandan, Shounak Dasgupta, Mark Potter Organizations: IndiGo Airlines, REUTERS, Rights, India's, IndiGo, Pratt & Whitney, Pratt &, Airbus, Thomson Locations: Colomiers, Toulouse, France, India, New Delhi, Bengaluru

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Amazon, Palantir, Exxon, Salesforce & more
▼ + stars: | 2023-08-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Goldman Sachs reiterates Salesforce as buy Goldman said it's standing by its buy rating on the Salesforce after its earnings report on Wednesday. JPMorgan initiates Establishment Labs as overweight JPMorgan said in its initiation of the med tech company that Establishment Labs has a "unique offering." JPMorgan initiates MP Materials as overweight JPMorgan said in its initiation of the rare-earths materials company that it sees "solid demand growth." JPMorgan downgrades Hostess Brands to neutral from overweight JPMorgan downgraded the stock mainly on valuation. Redburn Atlantic upgrades Exxon to neutral from sell Redburn upgraded the stock mainly on valuation.

Persons: Evercore, Morgan Stanley downgrades Palantir, Morgan Stanley, Goldman Sachs, Goldman, it's, Salesforce, Rosenblatt, Wells, VSCO, Uber, Raymond James, it's bullish, Truist, Canaccord Organizations: BMO, Civitas Resources, Apple, Amazon, Shopify, " Bank of America, Nvidia, Bank of America, JPMorgan, Labs, Materials, Citi, Arista Networks, Arista, Evercore, JPMorgan downgrades Hostess Brands, Exxon, ExxonMobil Locations: United States, Sell

[1/2] Aeromexico aircrafts and other planes are parked at gates at Benito Juarez International Airport in Mexico City, Mexico January 19, 2023. REUTERS/Henry Romero/File Photo Acquire Licensing RightsMEXICO CITY, Aug 30 (Reuters) - Mexico's government plans to cap flights at the Mexico City International Airport (AICM) to 43 an hour, according to an internal government document order seen by Reuters on Wednesday. The cuts follow previous flight caps at the airport last year, as the government attempts to reduce saturation in the Mexican capital's airspace. Earlier on Wednesday, the International Air Transport Association (IATA) urged Mexico to take alternative measures to its plans to announce flight reductions at AICM. Mexico last year moved to diversify its airspace around the capital, opening the Felipe Angeles International Airport (AIFA) north of Mexico City and turning back to the largely forgotten Toluca airport to the west of town.

Persons: Henry Romero, Carlos Velazquez, Felipe, Peter Cerda, Andres Manuel Lopez Obrador, Lopez Obrador, Kylie Madry, Cassandra Garrison, Leslie Adler, Stephen Coates Organizations: Benito Juarez International Airport, REUTERS, MEXICO CITY, Mexico City International, Reuters, Transportation Ministry, International Air Transport Association, Felipe Angeles International Airport, Thomson Locations: Mexico City, Mexico, MEXICO, Latin America, Toluca, IATA's, America, Texcoco, Mexican

☆ Boeing front-runner in wide-body jet talks with IndiGo -sources
▼ + stars: | 2023-08-14 | by ( Aditi Shah | ) www.reuters.com time to read: +2 min

[1/2] A person is seen inside an IndiGo airlines ticketing office at Chhatrapati Shivaji International airport in Mumbai, India, May 30, 2023. IndiGo (INGL.NS) is in talks to buy Boeing's 787 family of twin-aisle aircraft, which has been pitted against Airbus A330neo jets, said the sources who are familiar with the matter. Reuters first reported in March that IndiGo was in talks with Airbus and Boeing for the wide-body jets. So far, IndiGo has been an exclusive buyer of Airbus narrow-body jets and a deal for wide-body planes would be a departure from that strategy. Earlier this year it began international operations with a Boeing 777, its first twin aisle aircraft taken from partner Turkish Airlines, which provides the pilots.

Persons: Francis Mascarenhas, IndiGo, Aditi Shah, Jason Neely, Conor Humphries Organizations: REUTERS, Boeing, Reuters, India's, Airbus, Air India, Turkish Airlines, KLM, Thomson Locations: Chhatrapati Shivaji International, Mumbai, India, Africa, West Asia, Southeast Asia, Europe

☆ Go First gets claims worth $2.9 bln from creditors - sources
▼ + stars: | 2023-07-22 | by ( Siddhi Nayak | ) www.reuters.com time to read: +2 min

MUMBAI, July 22 (Reuters) - Go Airlines (India) Ltd has received claims worth 240 billion rupees ($2.9 billion) from operational and financial creditors so far as part of the carrier's ongoing insolvency, two banking sources told Reuters. Once the claims are filed, the resolution professional has to check its authenticity. "Claims from the lenders are around 50 billion rupees, while lessors' claims amount to 180 billion rupees so far," a banker with a state-run bank, who has exposure to Go Airlines said, after a meeting of the committee of creditors on Friday. Go Airline's resolution professional has yet to verify the veracity of the claims and did not immediately respond to a Reuters' email seeking comment. The resolution professional is waiting for banks to disburse funds for which in-principal approval was given last month to resume operations, the banker said.

Persons: lessors, Whitney, Siddhi Nayak, Stephen Coates Organizations: Go Airlines, Reuters, Airbus, Raytheon, Airlines, Siddhi, Thomson Locations: MUMBAI, India

☆ India's Go First airline seeks investor interest as part of insolvency process
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, July 10 (Reuters) - India's Go Airlines (India) Ltd has invited investor interest in the company through a court-appointed administrator as part of the carrier's ongoing insolvency, a newspaper advertisement showed on Monday. Two bankers aware of the developments told Reuters on Monday that they expect Indian conglomerate Wadia Group - which used to own Go Airlines before it started bankruptcy proceedings - to be part of its insolvency process. Go Airlines and Wadia Group's Ness Wadia did not immediately respond to a Reuters request for comment. "They (Wadia Group) are not disqualified by law to bid for the airline because there has technically been no default," this banker said. Right after the bankruptcy filing, the airline's then chief executive had told Reuters that the Wadia Group was completely committed to the company.

Persons: Ness Wadia, Whitney, Yagnoseni Das, Rama Venkat, Nivedita Organizations: Go Airlines, Wadia, Airbus, Reuters, Wadia Group, Thomson Locations: BENGALURU, India, Bengaluru, Siddhi Nayak, Mumbai

☆ Airbus books record India orders, confirms higher deliveries
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +2 min

[1/2] An Air India Airbus A320-200 aircraft takes off as an IndiGo Airlines aircraft waits for clearance at the Sardar Vallabhbhai Patel International Airport in Ahmedabad, India, July 7, 2017. Picture taken July 7, 2017./File PhotoPARIS, July 7 (Reuters) - Record demand from India sharply increased Airbus (AIR.PA) orders in June to leave the European planemaker with 1,044 net orders in the first half of the year, data showed on Friday. In a bulletin, Airbus officially booked orders for 500 jets from budget carrier IndiGo (INGL.NS) and 250 from Air India that were announced or finalised at last month's Paris Airshow. Airbus gross orders before cancellations stood at 1,080 aircraft in the first half. By comparison, Airbus won 442 orders or a net total of 259 after cancellations in the first half of 2022.

Persons: Vallabhbhai, Tim Hepher, Jason Neely Organizations: An Air, An Air India Airbus, IndiGo Airlines, Airbus, Air, Boeing, Air India, Paris Airshow, Aerospace, Thomson Locations: An Air India, Ahmedabad, India, Air India

☆ Factbox: World's largest commercial jet purchase orders by number of aircraft
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +3 min

[1/2] An IndiGo Airlines Airbus A320 aircraft is pictured parked at a gate at Mumbai's Chhatrapathi Shivaji International Airport February 3, 2013. INDIGO - 500 JETS - 2023IndiGo on Monday agreed to buy 500 single-aisle jets from Airbus, making it the single largest order of any aircraft. The Tata-owned airline's order comprises 400 narrowbody and 70 widebody planes. AMERICAN AIRLINES - 460 JETS - 2011American Airlines (AAL.O) in 2011 placed orders with Airbus and Boeing for a total of 460 airliners. INDIGO - 250 JETS - 2015India's biggest airline in 2015 finalised an order for 250 Airbus A320neo aircraft.

Persons: Vivek Prakash, Volaris Organizations: IndiGo Airlines Airbus, Shivaji, REUTERS, Airbus, Air, JETS, AIR, India, Boeing, Tata, AMERICAN AIRLINES, Airlines, INDIGO, Indigo Partners, Frontier Airlines, Airbus A320neo, UNITED AIRLINES, United Airlines, Thomson Locations: BENGALURU, India's, Air India, Europe, Southeast Asia, India, U.S

☆ Air India says plane carrying passengers stranded in Russia takes off for San Francisco
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +1 min

[1/2] An Air India Airbus A320-200 aircraft takes off as an IndiGo Airlines aircraft waits for clearance at the Sardar Vallabhbhai Patel International Airport in Ahmedabad, India, July 7, 2017. REUTERS/Amit DaveJune 8 (Reuters) - Air India said on Thursday that its replacement flight has taken off from Russia's Magadan for San Francisco, carrying all passengers and crew. The flight is expected to arrive at San Francisco at 12:15 a.m. PDT (0715 GMT) on Thursday, the airline said in a tweet. loadingAir India has mobilised additional support at San Francisco airport to carry out clearance formalities for passengers upon arrival, the tweet added. Air India sent an aircraft to Russia on Wednesday to pick up passengers whose Delhi-to-San Francisco flight was diverted to Russia's Far East after their Boeing (BA.N) 777 plane developed engine trouble.

Persons: Vallabhbhai, Amit Dave, Kanjyik Ghosh, Himani Sarkar, Gerry Doyle Organizations: An Air, An Air India Airbus, IndiGo Airlines, REUTERS, Air, San Francisco, India, San, Air India, Boeing, Thomson Locations: An Air India, Ahmedabad, India, Air India, Magadan, San Francisco, San, Russia, Delhi, Francisco, Bengaluru

☆ India appeals tribunal upholds Go First bankruptcy in setback for lessors
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, May 22 (Reuters) - An Indian appeals tribunal on Monday upheld insolvency proceedings against cash-strapped airline Go First, making it tougher for its lessors to repossess their aircraft. At least three leasing companies, including GY Aviation Lease and SMBC Aviation Capital, had challenged a tribunal ruling granting Go Airlines (India), widely known as Go First, bankruptcy protection earlier this month. The appeals tribunal said on Monday the National Company Law Tribunal will decide whether lessors who terminated their leases before the bankruptcy proceedings began can repossess their aircraft. Go First Chairman Varun Berry did not immediately respond to a Reuters request for comment. Reporting by Arpan Chaturvedi and Tanvi Mehta Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ No Singapore Airlines group A320neos with Pratt engines grounded - exec
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, May 17 (Reuters) - None of the Airbus (AIR.PA) A320neo planes in the Singapore Airlines (SIAL.SI) group with Pratt & Whitney engines are currently grounded over a lack of spares, Leslie Thng, CEO of Scoot, the airline's low-cost subsidiary, said on Wednesday. The engines have been under scrutiny since Go Airlines (India) Ltd filed for bankruptcy protection this month, blaming "faulty" Pratt engines for the grounding of about half its 54 Airbus A320neos. Scoot has 15 A320neo family planes in its fleet, while premium brand Singapore Airlines instead operates the rival Boeing Co (BA.N) 737 family. India's IndiGo (INGL.NS), Germany's Lufthansa (LHAG.DE) and Air New Zealand (AIR.NZ) have said some of their aircraft have been grounded over issues with Pratt GTF engines at a time when spares are in short supply. Raytheon CEO Greg Hayes said in February that the GTF engines' reliability has not been up to expectations and that the company was working to fix problems.

☆ India’s airline turbulence will be felt abroad
▼ + stars: | 2023-05-17 | by ( Shritama Bose | ) www.reuters.com time to read: +4 min

India’s Go First has gone into bankruptcy – the country’s second airline to do so since 2019. Its subsequent public and messy spat with engine suppliers and lessors will have ripple effects across the industry and abroad. Go, the country’s third largest airline with a 7% market share, blames Raytheon Technologies-backed (RTX.N) Pratt & Whitney’s “faulty” engines. A global industry association, Aviation Working Group, has put India on a watchlist for violating global conventions on repossession of airplanes. The trouble at Go may not put them off but it promises some extra turbulence ahead.

☆ India's Go First backs emergency arbitration in Pratt & Whitney dispute
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: 1 min

May 15 (Reuters) - Go Airlines in a filing on Monday backed emergency arbitration and said Pratt & Whitney's argument that arbitration awards are unenforceable in the U.S. since they do not fully resolve all issues between the parties, "fails," following the engine maker opposing the Indian airline's push to enforce an arbitration ruling in an engine dispute. Pratt's obligation to provide engines per awards was "independent and separate from the remaining issues" before the merits tribunal, Go Airlines said in a filing with Delaware court. Reporting by Jyoti Narayan in Bengaluru Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ India's Go First Airlines backs emergency arbitration in Pratt & Whitney dispute
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

May 15 (Reuters) - India's Go Airlines said on Monday it needed an emergency arbitration in its dispute with engine maker Pratt & Whitney to be enforced in Delaware to prevent it from going out of business. Last week, Pratt & Whitney argued in the Delaware court that Go First's claim was "unfounded" and the dynamics of the dispute had changed. Pratt's argument "fails," Go Airlines said in a filing with the Delaware court. The stay that Pratt sought would cause the harm that the emergency arbitration awards were designed to prevent, the filing added. Pratt & Whitney did not immediately respond to a request for comment.

In granting bankruptcy protection, the National Company Law Tribunal in New Delhi ordered a moratorium on Go First's assets and leases. But bankruptcy protection supersede lessors' repossession requests. Go First's lessors also include SMBC Aviation Capital and CDB Aviation's GY Aviation Leasing. Its voluntary seeking of bankruptcy protection to renegotiate contracts and debt marks a first for an Indian airline, and Chief Executive Officer Kaushik Khona, who was present as the order was read, hailed the tribunal's decision as "historic". The Indian tribunal said the new resolution professional will take "all necessary steps including the execution of the arbitral award".

This is the first time an Indian airline has voluntarily sought bankruptcy protection to renegotiate contracts and debt. But if bankruptcy protection is granted, those laws supersede lessors' repossession requests. Go First's lessors include major global names such as Jackson Square Aviation, SMBC Aviation Capital and CDB Aviation's GY Aviation Leasing. Two advisers to some lessors said there were major concerns that the granting of bankruptcy protection for Go First could force the lessors to embark on lengthy litigation to repossess planes. The person added that the development could lead to higher lease rates for Indian airlines in the future.

☆ Factbox: India's Go First seeks revival after court grants bankruptcy protection
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +2 min

The airline is owned by the Wadia Group, which also runs bread and biscuits maker Britannia Industries (BRIT.NS) and textile firm Bombay Dyeing and Manufacturing Co (BDYN.NS). Nearly half of the fleet was grounded due to problems with their Pratt & Whitney (P&W) jet engines that are yet to be replaced. The low-cost carrier posted its biggest annual loss in fiscal 2022, local media have reported. The Wadia Group was in talks to sell a part of its stake or completely exit the airline, the Economic Times newspaper reported in April. The grounding and related issues also saw the airline delay plans to go public, local media reported.

☆ Pratt & Whitney to oppose India's Go First's push to enforce arbitration
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: 1 min

NEW DELHI, May 10 (Reuters) - Pratt & Whitney plans to oppose Go Airlines (India) Ltd's push to enforce an arbitration ruling against the U.S. company for the supply of spare engines, a Delaware court filing showed. The airline, widely known as Go First, approached the Delaware court after it won an arbitration order in Singapore against Pratt & Whitney, which it said failed to supply engines on time. That, the Indian airline argues, has also forced it to file for bankruptcy in New Delhi. Reporting by Mike Scarcella in New York and Aditya Kalra in New Delhi; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

India has made it easier for lessors to take back planes if airlines default on payments after joining an international treaty known as the Cape Town Convention. But lack of a proper legislation to enforce the treaty means India's bankruptcy law will supersede lessors' repossession requests, lawyers said. Go First's lessors include major global names such as Jackson Square Aviation, SMBC Aviation Capital and CDB Aviation's GY Aviation Leasing. Bigger rivals IndiGo (INGL.NS) and Tata Group's Air India are charting major expansion plans with hundreds of new planes on order as domestic air travel in India surpasses pre-pandemic levels. Air India did not immediately respond.

☆ India's Go Airlines asks tribunal to urgently pass order on insolvency plea
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of GoAir airline on an A320neo aircraft in Colomiers near Toulouse, France, November 15, 2019. REUTERS/Regis DuvignauBENGALURU, May 8 (Reuters) - Go Airlines (India) on Monday asked the country's company law tribunal to urgently pass an order on its insolvency plea, citing lessors' efforts to take back planes, per the court hearing. The push comes less than a week after the cash-strapped Indian airline filed for bankruptcy, blaming "faulty" Pratt & Whitney engines for the grounding of about half its fleet. On Monday, Go First lawyers told the tribunal to urgently pass an order on the airline's insolvency plea, saying its lessors had moved to repossess the planes even as bankruptcy proceedings were ongoing. Meanwhile, Pratt & Whitney told a New Delhi arbitrator hearing its dispute with Go that the Indian airline’s claim of defective engines causing its demise was “astounding” and without evidence.

The cash-strapped airline wants the tribunal to accept its plea and is seeking an interim moratorium to save its assets, a move the lessors oppose. Go First did not immediately respond to a request for comment on the lessors' bid to deregister the planes. Engine failures have cost the airline 108 billion rupees ($1.3 billion) in lost revenue and expenses, it said. Amid the dispute between the lessors and the troubled airline, banks with exposure to it are awaiting the tribunal's decision to decide their next course of action, two people involved in the talks told Reuters. The company owes financial creditors 65.21 billion rupees ($798 million), its bankruptcy filing showed, and had not defaulted on any of those dues by the end of April.

☆ India's Go First cancels flights until May 12
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: 1 min

May 5 (Reuters) - Indian airline Go First said on Friday it is cancelling its flights until May 12, days after the cash-strapped company filed for bankruptcy. Earlier on Tuesday, the airline blamed "faulty" Pratt & Whitney GTF engines for the grounding of about half its fleet leading to the bankruptcy filing. read moreThe owner of Go Airlines has no plans to exit the budget carrier, the airline's CEO told Reuters on Wednesday. read moreGo First, formerly known as GoAir, had abruptly cancelled its flights since the bankruptcy filing, earlier cancelling flights scheduled from May 3 to May 5, before announcing on Thursday that flights had been suspended until May 9. Reporting by Rahat Sandhu in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

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