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Time of India
5 hours ago
- Business
- Time of India
IndiGo's Tbilisi, Baku flights make one stop at Doha due to Iranian airspace closure
IndiGo flights to Tbilisi and Baku are now making a technical stop for refuelling at Doha, and Air India is re-routing its European flights through the Egyptian airspace due to the Iranian airspace closure , officials said on Sunday. Amid the conflict and growing tensions between Iran and Israel, the Iranian airspace has been shut for commercial flights. The duration of flights from India to Europe have increased as airlines are taking longer routes due to the closure since Friday. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Nguyen Cu Trinh: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo One of the officials said IndiGo flights from Delhi and Mumbai to Tbilisi (Georgia) and Baku (Azerbaijan) are making a technical stop for refuelling at Doha (Qatar). IndiGo operates narrow-body A321 planes on the two routes and these aircraft do not have the range to operate non-stop longer duration flights. Live Events The second official said Air India is now operating flights through Egypt and Greece to reach European cities. While there are no technical stops enroute, the flight duration has increased by up to 90 minutes, the official added. Air India operates wide-body Boeing 787s and Airbus 350s on the European routes. There were no comments from IndiGo and Air India. "Due to the ongoing airspace restrictions over Iran , flight routes to and from the Gulf region are currently experiencing congestion, which may result in delays on certain sectors. "As we continue to operate via alternate paths, extended travel times may be expected," IndiGo said in a post on X on Sunday. Air India, in a post on X on Saturday, said that due to the emerging situation in Iran and parts of the Middle East, the subsequent closure of airspace, and in view of the safety of our passengers, some of its flights are operating on alternative extended routes. Already, Air India flights to North America are flying longer routes due to the Pakistan airspace closure. Increased flying hours means higher operational costs as aircraft have to burn more fuel and airlines also face issues with Flight Duty Time Limitation (FDTL) for the crew. In April, IndiGo temporarily cancelled flights to Almaty (Kazhakastan) and Tashkent (Uzbekistan) due to aircraft operational range constraints in the wake of the Pakistan airspace closure.
Time of India
18 hours ago
- Business
- Time of India
Boeing sees need for 43,600 new aircrafts by 2044 as air travel demand set to surge 40%
Boeing expects global demand for air travel to increase by more than 40% by 2030, driving the need for thousands of new jetliners in the next few years, according to its 20-year demand forecast for commercial airliners released Sunday ahead of the Paris Airshow. The company expects demand for 43,600 new airliners through 2044. That is essentially the same as last year's edition, which projected demand for 43,975 new deliveries through 2043. European rival Airbus last week revised up its own 20-year commercial demand forecast by 2% to 43,420 jets, saying the air transport industry was expected to ride out current trade tensions. Boeing's delivery projection includes nearly 33,300 single-aisle airliners, just over 7,800 widebody jets, 955 factory-built freighters and 1,545 regional jets. Single-aisle jets include the 737 MAX and competitor Airbus's A320neo family and make up roughly four of every five deliveries now. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Nguyen Cu Trinh: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo Also Read: Airbus sees global aircraft fleet doubling by 2044, led by India While Boeing's deliveries projection is roughly the same, it pared down its 20-year forecast for passenger traffic growth from 4.7% in last year's outlook to 4.2% this year. Likewise, it lowered its global economic growth forecast from 2.6% to 2.3%, cargo traffic growth from 4.1% to 3.7% and fleet growth from 3.2% to 3.1%. Live Events Despite the lower projection for cargo traffic, Boeing Vice President of Commercial Marketing Darren Hulst told reporters in a briefing that trade volatility is not expected to significantly shift long-term demand. "I think we need to point back to the perspective that the last 20, 40, 60 years have given us in terms of the value of air cargo, and the fact that it's roughly a 4% growth market through all this time," he said. Since COVID-19, air travel demand has bounced back, but airplane production is only half or even less than what it was before the pandemic, resulting in a shortage of 1,500 to 2,000 airliners, he said. Both Airbus and Boeing have struggled to return aircraft production to pre-pandemic levels. Boeing has been dealing with production safety concerns following a 2024 mid-air blowout of a panel on a nearly new Alaska Airlines 737 MAX. As a result, the U.S. Federal Aviation Administration capped 737 production at 38 airplanes a month. Boeing has significantly improved production quality in recent months, but the crash of an Air India Boeing 787-8 Dreamliner on Thursday put it back in crisis mode. CEO Kelly Ortberg cancelled his plans to attend the Paris Airshow in order to assist with the crash investigation. Global air travel is projected to increase by more than 40% by 2030, compared to the pre-pandemic high, according to the forecast. During the next 20 years, Boeing expects about 51% of demand for new aircraft to come from growth rather than replacing older airplanes. China and South/Southeast Asia, which includes India, are expected to account for half of that additional capacity, according to the outlook. North America and Eurasia account for more than half of projected deliveries for replacing older aircraft. China makes up an estimated 10% of Boeing's existing order backlog. The country paused taking delivery of new Boeing aircraft as China and the U.S. clashed over tariffs. However, deliveries are expected to resume this month, Ortberg said in May during an investors conference.
Time of India
01-05-2025
- Business
- Time of India
Meta, Microsoft reports lift AI-related stocks
Shares in artificial intelligence and cloud-computing-related companies were rising sharply in late trade on Wednesday after Meta Platforms and Microsoft results beat Wall Street expectations. #Pahalgam Terrorist Attack A Chinese shadow falls on Pahalgam terror attack case probe How India can use water to pressure Pakistan Buzzkill: How India can dissolve the Pakistan problem, not just swat it The reports appeared to boost demand for shares in AI chip leader Nvidia Corp , which rose 2.8% in late trading, and chip rival Advanced Micro Devices, which rose 2%. Shares in Amazon .com, which competes with Microsoft in cloud-computing and is due to report results on May 1, were up 3% with strong after-the-bell volume. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Nguyen Cu Trinh: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo Google parent Alphabet shares were up more than 1% after the reports. Shares in Microsoft soared more than 6% in late trading after it topped quarterly revenue expectations on strong Azure cloud-computing growth, reassuring investors its hefty AI investments were paying off. Live Events Shares in social media company Meta Platforms were up more than 4%, after it also beat Wall Street estimates for first-quarter revenue, signalling that its AI-powered tools helped draw advertising dollars despite tariff-related economic uncertainty. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Shares in smaller AI-related tech company Super Micro Computer briefly rose sharply after the reports but then pared gains and were last up 0.7%. In the regular session on Wednesday Super Micro Computer shares had tumbled 11% after it slashed its revenue forecast. Shares in Inc were up 1% but volume was lighter.
