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The Latest Breaking News from Aviation

The Analyst Verdict: VSE In The Eyes Of 7 Experts

Ratings for VSE (NASDAQ:VSEC) were provided by 7 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.

Benzinga

One of Canberra's direct international routes suspended

Chief Minister Andrew Barr said the 'issue' was the outbound service.

The Canberra Times

Digi Yatra Foundation drops app maker after ‘data-breach’

Digi Yatra Foundation drops app maker after ‘data-breach’ . The app maker made no reference to how its data was compromised. Privacy advocates have questioned the app’s data storage policies and the leeway it has been given by the Ministry of Civil Aviation.

The Hindu

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Today's Interview: EKU President on Aviation funding, no Osteopathic program, and FAFSA delay

Our monthly conversation with EKU President David McFaddin

WEKU

‘This is a game-changer’: Australia, once home of glamour flying boats, eyes a seaplane revival

In a nod to aviation history and the original ‘kangaroo route’, manufacturers are betting on the aircraft finding its niche again

The Guardian - AU

Aviation Ministry seeks detailed report from Vistara over cancellation and flight delays

The Ministry of Civil Aviation (MoCA) has sought a detailed report from Vistara regarding flight cancellations and major delays. Read further on Dynamite News:

Dynamite News

‘Near misses’ add urgency to FAA reauthorization efforts - Roll Call

A report questioning the safety of the air traffic control system is creating urgency for the reauthorization of the Federal Aviation Administration.

Roll Call

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Eviation CEO Talks Electrifying The Skies With Its Upcoming Plane

Eviation is aiming at making electric air travel viable. InsideEVs talks with the company's CEO on its future plans, tech specs, and real-world applications.

InsideEVs

You cannot hide behind advisories: K.C. Venugopal slams Aviation Minister Jyotiraditya Scindia over high airfares

Aviation Minister Jyotiraditya Scindia should take concrete action to control rising airfares rather than “hiding behind” advisories and quoting “random figures”, Congress leader K.C. Venugopal said on June 13, 2023

The Hindu

EU agrees to increase use of greener fuels in aviation industry

The European Union has agreed rules requiring airlines to use more sustainable fuels from 2025 as part of plans to cut emissions in one of the bloc's most polluting sectors.

Radio France Internationale

Air India just bought 470 planes from Boeing and Airbus – how big is this multi-billion-dollar deal?

Air India has just made the biggest aircraft order in aviation history – so what exactly are they planning to do with all their new planes?

ABC News

Lightfoot extends pandemic lifeline to airport concessionaires on her way out the door

Presiding over her last City Council meeting on Wednesday, Mayor Lori Lightfoot introduced an ordinance empowering Aviation Commissioner Jamie Rhee to negotiate new, more “limited relief” for O’Hare and Midway concessionaires.

Chicago Sun-Times

Exclusive: Manchester Airport unveils plans for direct hydrogen fuel pipeline connection

Carbon-free, hydrogen-powered aircraft are expected to come into operation from the mid-2030s

Manchester Evening News

Over 90 airports in India to be carbon-neutral by 2024: Aviation Minister Scindia

The Aviation Ministry aims to achieve net zero emissions by 2030

The Hindu

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The Hindu

Aviation stocks fly high as government lifts domestic airfare caps

ATF prices too have been coming down during the last few weeks after jumping to record levels

Birmingham Post

Green aviation fuel first praise as Jet Zero Strategy sees government commit to five plants by 2025

Phillips 66 to more than double production after celebrated first commercial supply

Dynamite News

DGCA issues show cause notice to SpiceJet for 'failing to establish safe, efficient and reliable air services'

India's aviation regulatory body Director General Civil Aviation (DGCA) has issued show cause notice to India's low-cost carrier SpiceJet over failure to establish safe, efficient and reliable air services. Read more on Dynamite News:

Benzinga

GE Makes Leadership Changes In Aviation Unit: All You Need To Know

General Electric Co (NYSE:GE) has named its current Chairman and CEO H. Lawrence Culp, Jr., to take up the additional role of CEO of GE Aviation, effective immediately. GE Aviation's current President and CEO, John Slattery, has been named Executive Vice President and Chief Commercial Officer of the business. GE named Russell…

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The Street

General Electric Stock Gains As CEO Larry Culp Takes Over Aviation Division

"There is tremendous opportunity in aviation over the coming years, and the Board and I decided it is the right time for me to take on this expanded role," said GE CEO Larry Culp.

The Hindu

India's indigenous drones set to take flight but concerns remain: Experts

Aviation Minister Jyotiraditya Scindia said last month that India will need approximately one lakh drone pilots in the coming years

The Independent UK

Heathrow tells Government to ‘bring pace to the policies’ for aviation recovery

Passenger numbers at UK airports last year were 78% below pre-pandemic levels.

Benzinga

Textron Shares Soar On Q1 Earnings Beat

Textron Inc. (NYSE:TXT) reported first-quarter FY22 sales growth of 4.2% year-over-year to $3 billion, beating the consensus of $2.74 billion. Revenue by segments: Textron Aviation $1.04 billion (+20.2% Y/Y), Bell $834 million (-1.4% Y/Y), Textron Systems $273 million (-16.8% Y/Y) and Industrial $838 million (+1.6% Y/Y). EPS of $0.88 topped the consensus…

Benzinga

Garmin Beats on Q1 Earnings; Margins Shrink Amid High Freight Cost, Component Supply Crisis

Garmin Ltd (NYSE:GRMN) reported first-quarter FY22 revenue growth of 9% year-on-year to $1.17 billion, beating the consensus of $1.12 billion. Revenue from Fitness declined 28% Y/Y to $220.9 million, Outdoor rose 50% Y/Y to $384.6 million, Aviation improved 1% Y/Y to $174.8 million, Marine jumped 21% Y/Y to $254.1 million, and Auto sales…

Benzinga

GE Reiterates FY22 Outlook At Its 2022 Investor Day

General Electric Co (NYSE:GE) is hosting its 2022 Investor Day at its Power and Aviation facilities in Greenville, South Carolina. Link to the event. The company reaffirmed its FY22 outlook for organic revenues to grow in the high-single-digit range and the adjusted organic profit margin to expand by 150+ basis points. Adjusted…

Benzinga

GE Stock Slides As Supply Chain Headwinds Masks Progress

General Electric Co (NYSE:GE) issued an investor newsletter, mentioning continued supply chain pressure across most of its businesses as material and labor availability and inflation affect Healthcare, Renewable Energy, and Aviation. GE expects these challenges to persist at least through the first half of the year. GE said it had included such…

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