
India's IndiGo to add 10 new international destinations to its network
May 30 (Reuters) - Indian airline IndiGo (INGL.NS), opens new tab will add 10 international destinations and broaden its business class offerings overseas this year, CEO Pieter Elbers said on Friday, ramping up competition with rival Air India.
The move marks a fresh push by IndiGo to tap into premium international travel, a space long dominated by Tata-owned Air India.
IndiGo, which holds nearly 60% of India's domestic market, flew 1.8 million international passengers in the October–December quarter, just behind Air India and its budget unit's combined 2 million, DGCA data showed.
The company will add business class seats on routes to Singapore, Phuket and Dubai, CEO Pieter Elbers said at an event in Delhi on Friday, without specifying the Indian departure points.
The airline also plans to expand its long-haul network later this year with new destinations including London, Copenhagen, Athens, and Southeast Asian countries and cities like Hanoi and Cambodia.
Earlier this year, IndiGo said it aims to increase international seat capacity and expand its fleet to over 600 aircraft by fiscal 2030. It has also signed a deal with Bengaluru International Airport to develop maintenance, repair and overhaul (MRO) infrastructure to support this growth.
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BBC News
2 hours ago
- BBC News
Race Across the World has made Coventry brothers closer
A pair of brothers who are taking part in the latest series of Race Across the World have said the experience has improved their Mole and his brother Melvyn Mole, who are both in their 60s, are one of five teams who have raced more than 14,000km (8,700 miles) across China, Nepal and India for the chance to win £20, Coventry born brothers said they are using the show as a way to reconnect with each other."Before the race, I couldn't imagine Brian and I talking the way we've spoken over the last seven weeks." Melvyn said on the show. On Wednesday's episode the teams embarked on the penultimate leg of the race across India, from Sasan Gir in Gujarat south to Panaji in being at the top of the leader board, the brothers made the decision to visit a vineyard in Nashik, Maharashtra, costing them the top siblings expressed their gratitude for the opportunity to reconnect."Our relationship will only get better now," Melvyn said on the Mole jokingly told Radio Coventry and Warwickshire: "We're blokes, we don't usually say I love you to your face, he was lucky to get a hug the other day."Brian previously said it took him a little while to make up his mind about joining the challenge but he was glad he his delight on the show he said: "Once the race is finished we'll speak to each other more. "I'm not a big lovey dovey bloke but I love him really, I wouldn't tell him that to his face," Brian joked. Follow BBC Coventry & Warwickshire on BBC Sounds, Facebook, X and Instagram.


Reuters
2 hours ago
- Reuters
Boeing rebuilding trust as airline bosses see improved jet quality
NEW DELHI, June 5 (Reuters) - Airline bosses are tentatively voicing greater confidence in Boeing's (BA.N), opens new tab ability to deliver jets at the right quality in a step towards ending years of reputational damage for the embattled planemaker. An annual summit of airline leaders in New Delhi this week struck a more optimistic tone about Boeing's recovery from overlapping safety, regulatory and industrial crises, though executives stressed Boeing still had much work left to do. "What we've seen quarter to quarter is an improvement in safety, an improvement in quality," Seattle-based Alaska Airlines (ALK.N), opens new tab CEO Ben Minicucci told Reuters at the International Air Transport Association's annual meeting. "Are they yet there? No, there's still a lot of work." In January last year, a door missing four bolts blew off a new Alaska Airlines Boeing 737 MAX jet at 16,000 feet. The ripple effect from the incident caused a crisis throughout the aviation industry, hitting suppliers, carriers and passengers. Planemakers often have to run the gauntlet of airline criticism at IATA's annual meeting, where IATA head Willie Walsh last year urged Boeing to learn from errors that fuelled a crisis beginning with fatal crashes of two MAX jets in 2018 and 2019. One of Boeing's most vocal recent critics has been Tim Clark, president of Emirates, the largest customer for big jets like the Boeing 777 and its long-delayed successor the 777X. At his annual sit-down with reporters at the summit this year, Clark spoke more positively about getting "clearer messages" from Boeing's recently appointed leadership. He welcomed a change of style under CEO Kelly Ortberg, revealing he had never met Ortberg's ousted predecessor Dave Calhoun. "It was nice to meet the head of Boeing," he said. Clark, whose airline has 205 of the still uncertified 777X on order, suggested growing confidence from Boeing in private. "When I talk about cautious optimism, in the last few years I had seen none of that" he said. Ortberg, who took the helm last August, has said he will address safety and quality concerns and repair trust with regulators, staff and customers. Boeing customers said the measures are showing some results. While Boeing is still trying to ramp up production, there have been improvements in quality and visibility of deliveries. "There is still further to go but it is definitely an improving story," said Peter Barrett, CEO of lessor SMBC Aviation, a major leasing company and Boeing customer. Few are taking Boeing's recovery solely on trust. Alaska Airlines has sent its own quality inspectors to Boeing's production lines and commissioned a quarterly audit. 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Still, few airline chiefs have any illusions about the scale of turnaround needed to restore the status of Boeing factories. "When I was there last year... I thought this is going nowhere at this rate," Clark said, adding he would return this year to see for himself the progress made since then. Boeing declined to comment on specific airline opinions. Nor does the brighter public tone mean airlines will necessarily ease pressure in private as they wait for new jets. But several airline executives at the IATA event acknowledged that Boeing had passed one key test of support at the industry's biggest annual podium, as it slowly stabilises production. "We have got a lot of work still to do (but) there is a lot of positivity from customers on our performance in the first five months of the year," Boeing Senior Vice President of Commercial Sales Brad McMullen said. It now faces a decisive test as regulators review higher output after Boeing hit a temporary ceiling of 38 MAX jets a month. It also seeks certification of models including the 777X. The acting head of the Federal Aviation Administration said on Wednesday higher output would not happen straightaway. Originally due to receive the 777X in 2020, Clark held out little hope of getting the upgraded jet before IATA meets again in June next year. Boeing has said it is now due in 2026. "The important thing is they get it out and it's certified to the rigours of the new Boeing: the new approach to building aircraft, safety of operation and all the quality controls that they were having difficulties with prior to that," Clark said.


Coin Geek
2 hours ago
- Coin Geek
MAS enforces order on DTSPs; Australia ups crypto ATM rules
Getting your Trinity Audio player ready... The Monetary Authority of Singapore (MAS), the country's central bank and chief financial regulatory authority, has set a deadline of June 30 for local digital asset service providers to stop offering services to overseas markets. The measure came as part of a May 30 response that the regulator published to a consultation on its proposed regulatory framework for 'Digital Token Service Providers (DTSPs).' The framework falls under Singapore's Financial Services and Markets Act of 2022 (FSMA), which was passed in April 2022 and split the licensing of DTSPs into those that provide services in Singapore and those that target offshore clients. The former have to be licensed in accordance with the Payment Services Act, which has been in place for some time, while the latter fall under the FSMA, which will come into force at the end of June. The delay in the implementation of the FSMA licenses—for digital asset firms that target foreign clients—created concerns for MAS around the potential reputational impact on Singapore, where companies register in the country for tax purposes but don't provide services within Singapore or have a physical presence. Another concern for the regulator was that if a company's main operations are outside of Singapore, it may be harder for MAS to exercise oversight, opening the door to increased money laundering. Therefore, in response to the consultation on its proposed regulatory approach—which was started by MAS back in October 2024—the regulator said that any Singapore-incorporated company, individual, or partnership that provides digital asset services outside Singapore must either cease operations by the end of June when the DTSP provisions come into force or obtain a license by the same date. However, these FSMA licenses may not be easy to come by for those local digital asset firms wanting to serve foreign clients, as MAS clarified that there were 'extremely limited circumstances under which MAS will consider granting an applicant a licence.' The regulator also stated that no transitional arrangements will be made for local DTSPs providing services abroad; companies must comply by June 30 or cease operations. Those who violate the laws will be subject to substantial fines of up to SGD 250,000 (US$200,000) and imprisonment of up to three years. The move closes a concerning regulatory gap for the regulator and signals a tightening of oversight on digital asset activity by Singapore's authorities. But Singapore was not the only country tightening its digital asset rules this week, with Australian authorities announcing new measures to crack down on crypto ATM scams. Australia rolls out new digital asset ATM rules in the wake of rising scams Australia's national financial intelligence agency has rolled out new operating rules and transaction limits for crypto ATM operators, just as federal police note that kiosk scams are on the rise. The Australian Transaction Reports and Analysis Centre (AUSTRAC) is imposing a AUD5,000 (US$3,250) limit on cash deposits and withdrawals on crypto ATMs, as well as scam warning signs, more robust transaction monitoring, and enhanced customer due diligence obligations, the agency said in a June 3 press release. The crackdown comes in the wake of an investigation by an AUSTRAC task force that examined data from nine crypto ATM providers and found that most users are over 50 years of age and account for almost 72% of all transactions by value. The task force was set up last September to investigate whether crypto ATMs had the proper anti-money laundering (AML) and counter-terrorism checks in place. After observing customer activity over several months, it concluded that it bears the hallmarks of scams, fraud, and other illicit activity. 'The taskforce has uncovered disturbing trends which have confirmed that cryptocurrency ATMs are being used for scam/fraud-related transactions,' said AUSTRAC CEO Brendan Thomas, on Tuesday. 'In light of the risks and harms, we consider it absolutely necessary to ensure the sector meets minimum standards and reduces the criminal misuse of crypto ATMs.' He added that the new conditions 'are designed to help protect individuals from scams by deterring criminals from directing them to a crypto ATM, as well as to protect businesses from criminal exploitation.' However, according to Thomas, the new rules are not set in stone, as he indicated that the agency would 'keep the effectiveness of these conditions under review, and adjust if needed.' While the new AUD5,000 (US$3,250) cash limits only relate to crypto ATM providers, AUSTRAC said it expects digital currency exchange providers to 'consider imposing similar limits if they accept cash for crypto transactions.' A growing problem The same day AUSTRAC announced its new crypto ATM measures, the Australian Federal Police (AFP) revealed that the country's online cybercrime reporting system, ReportCyber, received 150 unique reports of scams involving crypto ATMs between January 2024 and January 2025. The AFP said that total losses exceeded AUD3.1 million (US$2 million), which it added 'may be just the tip of the iceberg.' AFP Commander Graeme Marshall said many of those scammed through crypto ATMs don't realize they're victims, don't know how to report the crime, or 'feel embarrassed because they were scammed.' 'Scammers often use sophisticated tactics to elicit funds from victims. We would encourage people to share their stories with family and friends to raise awareness and help prevent others from falling victim,' said Marshall. After a slow start, crypto ATM adoption has increased rapidly in Australia over the past few years. According to AUSTRAC, there are almost 150,000 crypto ATM transactions annually in the country, with about AUD275 million ($177 million) moving through them using cash to buy Bitcoin, Tether , and Ether. 'In just two years, the number of crypto ATMs in Australia increased more than 15 times, from just 23 operating in 2019, 60 in 2022, to more than 1,200 in 2024. There are now upwards of 1,800 active crypto ATMs,' said the agency. The new measures introduced by AUSTRAC hope to make this growing market a safer space and further curb crypto crime in Australia. Watch: Breaking down solutions to blockchain regulation hurdles title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen>