Latest news with #CiriumAscend
CNA
3 hours ago
- Business
- CNA
Airbus nearing deal for 100 A321 aircraft with VietJet: Sources
PARIS: Airbus was closing in on an order for 100 single-aisle aircraft from VietJet on Tuesday (Jun 17), with an announcement pencilled in for the Paris Airshow barring a last-minute setback in negotiations, industry sources said. Airbus declined to comment and VietJet was not immediately reachable at the air show, where airline staff were witnessed preparing for a possible announcement. The sources said the low-cost Vietnamese airline was looking to buy the A321neo model. A deal for 100 such planes could be worth around US$6.3 billion, according to estimated prices provided by analysts Cirium Ascend. Bloomberg was first to report the potential deal. European planemaker Airbus has announced a flurry of deals at the Paris Airshow, the world's biggest aviation trade fair that opened on Monday. US rival Boeing is expected to have a more subdued show as it focuses on the probe into last week's fatal crash of an Air India Boeing 787 and after it racked up huge deals during US President Donald Trump's recent tour of the Middle East. VietJet, the largest airline in Vietnam, operates an all-Airbus fleet, apart from two Chinese-made regional jets. The airline has not to date taken delivery of any of the around 200 MAX planes it has ordered from Boeing. Airbus is the main supplier of jets to Vietnam, with its aircraft making up 86 per cent of the planes currently operated by Vietnamese airlines. However, export-dependent Vietnam is under pressure from Washington to buy more US goods.
Mint
26-04-2025
- Business
- Mint
Air India, IndiGo brace for higher costs as Pakistan bans Indian airlines from its airspace after Pahalgam terror attack
Indian airlines Air India and IndiGo are bracing for higher fuel costs and longer journey times as they reroute international flights after Pakistan shut its airspace to them amid tensions over a deadly militant attack in Kashmir. India has said there were Pakistani elements in Tuesday's attack in which gunmen killed 26 men in a meadow in the Pahalgam area of Indian Kashmir. Pakistan has denied any involvement. The nuclear-armed arch-rivals have unleashed a raft of measures against each other in response, with India putting a critical river water-sharing treaty in abeyance. International airlines are not affected by the ban. But late on Thursday, Air India and IndiGo began to reroute flights to New York, Azerbaijan and Dubai - all of which typically use Pakistan airspace, according to data from tracking website Flightradar24. The worst-hit airport will be New Delhi, one of the world's busiest, from where flights cross Pakistani airspace to fly to destinations in the West and the Middle East. Data from Cirium Ascend showed IndiGo, Air India and its budget unit Air India Express have roughly 1,200 flights combined from New Delhi scheduled for Europe, the Middle East and North America in April. Air India's flights to the Middle East from New Delhi will take about an hour longer, which means more fuel and less cargo, said an Indian aviation executive who declined to be identified. Aircraft fuel and oil usually make up about 30% of an airline's operating costs, by far the biggest component. FLIGHTS CANCELLED OR ADJUSTED, PILOT ROSTERS TO CHANGE IndiGo said about 50 international routes may be adjusted slightly. It also said it was cancelling flights to Almaty from April 27 until at least May 7 and to Tashkent from April 28 until May 7. Indian airlines' expansion plans have already been complicated by delivery delays from Boeing and Airbus. One Indian airline pilot told Reuters the ban would force airlines to redo their calculations on permitted flying hours and adjust crew and pilot rosters accordingly. Another executive said staff at his airline worked late into the night on Thursday on the consequences of the ban. Both spoke on condition of anonymity. IndiGo flight 6E1803 from New Delhi to Baku on Thursday took 5 hours and 43 minutes via a longer route that involved going southwest to India's Gujarat state and then over the Arabian Sea, before swinging back north over Iran to Azerbaijan, FlightAware data showed. The same flight, through Pakistan airspace, took 5 hours 5 minutes on Wednesday. Pakistan put the ban in place until May 23. In 2019, India's government said that the closure of Pakistan airspace for about five months caused a loss of at least $64 million to Air India, IndiGo and other airlines. First Published: 26 Apr 2025, 03:40 PM IST
Khaleej Times
26-04-2025
- Business
- Khaleej Times
Indian airlines reroute over 1,000 flights, brace for higher costs as Pakistan shuts airspace
Indian airlines Air India and IndiGo are bracing for higher fuel costs and longer journey times as they reroute international flights after Pakistan shut its airspace to them amid tensions over a deadly militant attack in Kashmir. India has said there were Pakistani elements in Tuesday's attack in which gunmen killed 26 men in a meadow in the Pahalgam area of Indian Kashmir. Pakistan has denied any involvement. The nuclear-armed arch-rivals have unleashed a raft of measures against each other in response, with India putting a critical river water-sharing treaty in abeyance. International airlines are not affected by the ban. But late on Thursday, Air India and IndiGo began to reroute flights to New York, Azerbaijan and Dubai - all of which typically use Pakistan airspace, according to data from tracking website Flightradar24. The worst-hit airport will be New Delhi, one of the world's busiest, from where flights cross Pakistani airspace to fly to destinations in the West and the Middle East. Data from Cirium Ascend showed IndiGo, Air India and its budget unit Air India Express have roughly 1,200 flights combined from New Delhi scheduled for Europe, the Middle East and North America in April. Air India's flights to the Middle East from New Delhi will take about an hour longer, which means more fuel and less cargo, said an Indian aviation executive who declined to be identified. Aircraft fuel and oil usually make up about 30 per cent of an airline's operating costs, by far the biggest component. Flights cancelled or adjusted IndiGo said about 50 international routes may be adjusted slightly. It also said it was cancelling flights to Almaty from April 27 until at least May 7 and to Tashkent from April 28 until May 7. Indian airlines' expansion plans have already been complicated by delivery delays from Boeing and Airbus. One Indian airline pilot told Reuters the ban would force airlines to redo their calculations on permitted flying hours and adjust crew and pilot rosters accordingly. Another executive said staff at his airline worked late into the night on Thursday on the consequences of the ban. Both spoke on condition of anonymity. IndiGo flight 6E1803 from New Delhi to Baku on Thursday took 5 hours and 43 minutes via a longer route that involved going southwest to India's Gujarat state and then over the Arabian Sea, before swinging back north over Iran to Azerbaijan, FlightAware data showed. The same flight, through Pakistan airspace, took 5 hours 5 minutes on Wednesday. Pakistan put the ban in place until May 23. In 2019, India's government said that the closure of Pakistan airspace for about five months caused a loss of at least $64 million to Air India, IndiGo and other airlines.
Gulf Insider
26-04-2025
- Business
- Gulf Insider
Pakistan Airspace Ban: Indian Airlines To Suffer Higher Costs
Top Indian airlines Air India and IndiGo are bracing for higher fuel costs and longer journey times as they reroute international flights after Pakistan shut its airspace to them amid escalating tensions in Kashmir. International airlines are not affected by the ban. The impact of the airspace closure was visible starting late on Thursday, as Air India and IndiGo began to reroute flights to New York, Azerbaijan and Dubai – all of which typically use Pakistan airpsace, according to data from tracking website Flightradar24. The worst impacted airport will be New Delhi, one of the world's busiest, from where flights cross Pakistani airspace to fly to destinations in the West and the Middle East. Data from Cirium Ascend showed IndiGo, Air India and its budget unit Air India Express have roughly 1,200 flights combined from New Delhi scheduled for Europe, the Middle East and North America in April. Air India's flights to the Middle East from New Delhi will now be forced to fly roughly an hour extra, which means higher fuel costs and less cargo to accommodate the extra fuel, said an Indian aviation industry executive, who declined to be identified. IndiGo said on Friday 'a few' of its flights will be impacted, while Air India said on X that some 'flights to or from North America, UK, Europe, and Middle East will take an alternative extended route.' 'Air India is currently the most affected with the largest long- and ultra-long haul network out of Delhi,' said Ajay Awtaney, founder of aviation-focused website LiveFromALounge. The airspace closure is the latest headache for the Indian airline industry, with expansion plans already complicated by jet delivery delays from Boeing and Airbus. Aircraft fuel and oil costs usually make up for about 30 per cent of an airline's operating costs, by far the biggest component. One Indian airline pilot told Reuters the move will disrupt schedules, but also force airlines to redo their calculations of flying hours in relation to regulations, and adjust their crew and pilot rosters accordingly. Another executive at an Indian airline said the carrier was scrambling to assess the impact with some employees working late into the night on Thursday. Both spoke on condition of anonymity as they were not authorised to brief media. IndiGo flight 6E1803 from New Delhi to Baku on Thursday took 5 hours and 43 minutes via a longer route that involved going southwest to India's Gujarat state and then over the Arabian Sea, before swinging back north over Iran to Azerbaijan, FlightAware data showed. The same flight, through Pakistan airspace, took 5 hours 5 minutes on Wednesday. Pakistan has said the ban will be in place until May 23.
Zawya
25-04-2025
- Business
- Zawya
Indian airlines to suffer higher costs, detours in ban from Pakistan airspace
Indian airlines Air India and IndiGo are bracing for higher fuel costs and longer journey times as they reroute international flights after Pakistan shut its airspace to them amid tensions over a deadly militant attack in Kashmir. India has said there were Pakistani elements in Tuesday's attack in which gunmen killed 26 men in a meadow in the Pahalgam area of Indian Kashmir. Pakistan has denied any involvement. The nuclear-armed arch-rivals have unleashed a raft of measures against each other in response, with India putting a critical river water-sharing treaty in abeyance. International airlines are not affected by the ban. But late on Thursday, Air India and IndiGo began to reroute flights to New York, Azerbaijan and Dubai - all of which typically use Pakistan airspace, according to data from tracking website Flightradar24. The worst-hit airport will be New Delhi, one of the world's busiest, from where flights cross Pakistani airspace to fly to destinations in the West and the Middle East. Data from Cirium Ascend showed IndiGo, Air India and its budget unit Air India Express have roughly 1,200 flights combined from New Delhi scheduled for Europe, the Middle East and North America in April. Air India's flights to the Middle East from New Delhi will take about an hour longer, which means more fuel and less cargo, said an Indian aviation executive who declined to be identified. Aircraft fuel and oil usually make up about 30% of an airline's operating costs, by far the biggest component. FLIGHTS CANCELLED OR ADJUSTED, PILOT ROSTERS TO CHANGE IndiGo said about 50 international routes may be adjusted slightly. It also said it was cancelling flights to Almaty from April 27 until at least May 7 and to Tashkent from April 28 until May 7. Indian airlines' expansion plans have already been complicated by delivery delays from Boeing and Airbus. One Indian airline pilot told Reuters the ban would force airlines to redo their calculations on permitted flying hours and adjust crew and pilot rosters accordingly. Another executive said staff at his airline worked late into the night on Thursday on the consequences of the ban. Both spoke on condition of anonymity. IndiGo flight 6E1803 from New Delhi to Baku on Thursday took 5 hours and 43 minutes via a longer route that involved going southwest to India's Gujarat state and then over the Arabian Sea, before swinging back north over Iran to Azerbaijan, FlightAware data showed. The same flight, through Pakistan airspace, took 5 hours 5 minutes on Wednesday. Pakistan put the ban in place until May 23. In 2019, India's government said that the closure of Pakistan airspace for about five months caused a loss of at least $64 million to Air India, IndiGo and other airlines. (Reporting by Abhijith Ganapavaram, Aditya Kalra and Aditi Shah; Editing by Kevin Liffey)
