Airlines
IDBI Bank, a leading Indian state-owned financial institution, is actively engaged in negotiations to provide Air India, the country's national carrier, with a massive $1 billion loan. This financial assistance will facilitate the airline's aim to acquire 12 aircraft for domestic operations. The loan will be
Airlines
In a letter to European airlines, Ryanair CEO Michael O'Leary attacked the Association of European Airlines, led by secretary-general Ulrich Schulte-Strathaus, for promoting protectionism and high fares. According to O'Leary, European airlines such as British Airways, Lufthansa, and Air France are struggling to fill flights due
Airlines
Contrasting strategies are being employed by airlines in the Middle East and the world's major network carriers. While established carriers like American Airlines, Delta, and British Airways cut back on services and trim their networks, Gulf carriers such as Qatar Airways and Etihad Airways are expanding dramatically, placing
Airlines
Canadian firm Bombardier has clinched a major order for its new CSeries jet, securing a $1.1 billion deal with German airline Lufthansa for 30 aircraft, marking a significant challenge to the market dominance of Airbus and Boeing. The order, which includes options for an additional 60 planes, represents Bombardier&
Airlines
Regulatory bodies from across the globe converged on Dubai for a high-level meeting to discuss safety oversight and management of the Airbus A380. The meeting, hosted by the General Civil Aviation Authority of the United Arab Emirates (GCAA), brought together technical experts from the European Aviation Safety Authority (EASA), Airbus,
Airlines
Taipei authorities are investigating China Airlines, Taiwan's largest air carrier, for transporting radioactive cargo without obtaining a government permit. The incident occurred when airport workers detected radioactive material, including 15 barrels of iridium 192, in a cargo shipment from the United States to Singapore via Taiwan. Although the
Airlines
South Korean airlines Korean Air and Asiana Airlines have taken safety precautions by rerouting flights to stay clear of North Korean airspace following a warning from the communist country that it cannot guarantee the safety of passenger planes. The directive affects an average of 10 daily flights by South Korean
Airlines
Four Americans were among the nine people dead in the plane crash on Wednesday near Amsterdam's Schiphol airport, according to local authorities. The crash involved Flight TK1951, a Boeing 737-800 operated by Turkish Airlines, which was carrying 128 passengers and seven crew members. The aircraft was due to
Airlines
A Turkish Airlines jetliner carrying 134 people from Istanbul to Amsterdam plummeted into a muddy field near Schiphol Airport on Wednesday, killing 9 people, including both pilots. Miraculously, 125 people survived the catastrophic crash, with many walking away from the wreckage. The Boeing 737-800 jetliner lost speed and fell out
Airlines
Airbus is once again in the running for two massive aircraft orders, but the outcome is far from certain. Irish low-cost carrier Ryanair is in talks with both Airbus and Boeing for an order of 200 planes, while the US Air Force is considering splitting a gigantic contract for airborne
Airlines
Ryanair's chief executive Michael O'Leary is in talks with both Airbus and Boeing for an order of 200 planes, but he has made it clear that he is willing to wait for a significant price cut. Meanwhile, the US House of Representatives' appropriations subcommittee on
Airlines
The Indian Board for Reconstruction of Public Sector Enterprises (BRPSE) has taken an interest in understanding why Air India, now National Aviation Company of India Limited (NACIL), has lost its market share. BRPSE chairman Nitish Sengupta announced that the board would examine NACIL's affairs to identify the reasons
