Latest news with #SAIB
Zawya
7 days ago
- Business
- Zawya
Saudi: SAIB witnesses 9.5% higher profits in H1-25 initial results
The Saudi Investment Bank (SAIB) generated SAR 1.01 billion in net profit during the first half (H1) of 2025, higher by 9.36% than SAR 928.80 million in H1-24. Earnings per share (EPS) was kept unchanged at SAR 0.68 as of 30 June 2025, according to the interim financial statements. The clients' deposits increased by 10% to SAR 100.23 billion in the first six months (6M) of 2025 from SAR 95.36 billion in the year-ago period. Assets widened by 16.69% YoY to SAR 167.29 billion in H1-25 from SAR 143.35 billion, while the investments hiked by 23.78% YoY to SAR 43.05 billion from SAR 34.78 billion. Results for Q2 In the second quarter (Q2) of 2025, the bank's net profits stood at SAR 512.50 million, up 5.36% YoY from SAR 486.40 million. Quarterly, the Q2-25 net profits edged down by 1.82% from SAR 503.30 million in Q1-25. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
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Business Standard
22-07-2025
- Business
- Business Standard
Air India Group completes fuel control switch checks on Boeing planes
Air India and its low-cost subsidiary, Air India Express, have completed precautionary inspections of the locking mechanism of fuel control switches on all Boeing 787 and 737 aircraft in their fleets, complying with a directive issued by the Directorate General of Civil Aviation (DGCA) on July 14. The DGCA's directive followed the preliminary report issued on July 12 by the Aircraft Accident Investigation Bureau (AAIB) into the June 12 crash of Air India flight AI171, which killed 260 people. The report found that both engine fuel control switches on the Boeing 787 had transitioned from "Run" to "Cutoff" just seconds after takeoff from Ahmedabad, resulting in a dual engine failure. The cockpit voice recorder captured one pilot asking the other why the fuel was cut off, to which the other replied that he had not done it. A Mayday call was made shortly before the aircraft crashed into a building near the airport. In a statement issued on Tuesday, Air India said, 'Air India has completed precautionary inspections on the locking mechanism of the Fuel Control Switch (FCS) on all Boeing 787 and Boeing 737 aircraft in its fleet.' 'No issues were found with the said locking mechanism,' the airline said, adding that it had started voluntary inspections on July 12 and completed them within the prescribed time limit set by the DGCA. The airline has formally communicated this to the regulator. Although the exact cause of the switch movement on AI171 remains undetermined, the incident led the DGCA to issue a mandatory inspection order on July 14. The DGCA's order referenced a 2018 Special Airworthiness Information Bulletin (SAIB) from the US Federal Aviation Administration (FAA). That FAA bulletin had warned of the possibility that Honeywell-manufactured fuel control switches on certain Boeing aircraft — including the 737 and 787 — might be installed in a way that disables their locking mechanism, which is meant to prevent accidental switch movement from "Run" to "Cutoff." However, the FAA did not issue any fresh directive after the AI171 crash, and the 2018 SAIB remains advisory. The UK Civil Aviation Authority (CAA) has also stated that there is no need for any action by Boeing. Meanwhile, some foreign carriers, such as Singapore Airlines and Etihad Airways, conducted precautionary checks of their own accord. The DGCA's July 14 order required Indian operators of affected Boeing aircraft to complete inspections by July 21 and report back. Boeing 777s are exempt from the order as they do not use the switches under scrutiny. The DGCA order applied to Boeing fleets across five Indian carriers: Air India, Air India Express, IndiGo, SpiceJet, and Akasa Air.
The Hindu
22-07-2025
- Business
- The Hindu
Air India says completed inspection of fuel switch locking system on Boeing fleet, no issues found
Private carrier Air India on Tuesday (July 22, 2025) said it has completed "precautionary" inspection of the locking mechanism of the fuel control switch (FCS) on its Boeing 787 and 737 aircraft fleet and no issues were found. Aviation safety regulator DGCA last week directed airlines to inspect the fuel switch locking system in their Boeing 787 and 737 planes by July 21 after the Aircraft Accident Investigation Bureau (AAIB) said in its preliminary report that fuel switches were cut off before the Air India plane crash last month. Air India flight AI 171, operated with Boeing 787-8, en route to London Gatwick, crashed soon after takeoff from Ahmedabad on June 12, killing 241 of the 242 passengers onboard and another 19 on the ground. "In the inspections, no issues were found with the said locking mechanism," the Tata Group airline said in a statement. Fuel control switches regulate the flow of fuel into the aircraft engines. In its preliminary report on the Boeing 787-8 crash, AAIB said the fuel supply to both engines of the plane was cut off within a gap of one second, causing confusion in the cockpit soon after takeoff. Boeing 787s are part of Air India's fleet, while B737s are operated by its low-cost subsidiary Air India Express. Besides these, other domestic carriers — IndiGo, Spicejet and Akasa — also have these types of aircraft in their operations. With this, the two airlines — AI and AIX — have complied with the directives of the DGCA issued on July 14, Air India said in the statement. Air India said it started voluntary inspections on July 12 and completed them within the prescribed time limit set by the DGCA. There are more than 150 Boeing 737s and 787s being operated by Indian airlines. Of these, IndiGo has seven B737 Max 8 and one B787-9. All these are leased planes — either on wet or damp lease — and therefore, they are not registered in India. The Federal Aviation Administration (FAA), in 2018, flagged the potential disengagement of the fuel control switch locking feature on certain models of Boeing aircraft, including 787s and 737s. It was mentioned in a Special Airworthiness Information Bulletin (SAIB), but there was no airworthiness directive, indicating that the issue was not a safety concern. "In the cockpit voice recording, one of the pilots is heard asking the other why did he cut off? The other pilot responded that he did not do so," the AAIB preliminary report said. AAIB, which mentioned FAA's SAIB in the report, did not suggest any recommended action. Air India has a total of 33 wide-body Boeing 787s, while Air India Express has around 75 narrow-body 737s. Akasa Air and SpiceJet operate Boeing 737s. IndiGo also operates Boeing 787 and 737s, but they are leased from foreign airlines, which means they won't be subject to the DGCA directive.
Time of India
16-07-2025
- Automotive
- Time of India
Safety notices raised alerts on B787 fuel valves, switches
KOLKATA: A day after the Directorate General of Civil Aviation belatedly ordered checks on the fuel control switches of Boeing aircraft, including B787 and B737, based on a Special Airworthiness Information Bulletin (SAIB) NM-18-33 issued by US regulator Federal Aviation Authority (FAA) on December 17, 2018, another Airworthiness Directive (AD) issued by FAA on fuel shutoff valves on September 19, 2015, has come to light. This AD, which required mandatory compliance, was flagged again by the UK Civil Aviation Authority (CAA) a month later, issuing a safety notice requiring airlines to mandatorily check fuel shutoff valves on Boeing aircraft. It specifically mentioned that while fuel shutoff valves on various Boeing aircraft, including B737, B757, B767, and B777, require inspection, those on B787 needed to be replaced. The AI plane that crashed on June 12 was a B787 Dreamliner. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata The preliminary crash investigation report also established that the crash was due to the plane losing thrust as fuel to the engines was cut off. While the report mentions transitioning the fuel switch from ON to CUT OFF and back to ON, a section of pilots says this sequence was required to be carried out by pilots as per the Boeing manual in case fuel flow to the engines ceased. The 2015 AD, the 2019 SAIB, as well as the reflagging of the valve problem by CAA, point to an inherent issue with the throttle control module used in B787 aircraft and not just the fuel switches hinted at in the crash preliminary report. The CAA safety notice (no. SN-2015/005) issued on May 15, 2025, less than a month before the June 12 AI crash, reiterates the 2015 AD issued by FAA. It reads: "...the fuel shutoff valve actuators on the B787 which require replacement, test and/or inspection..." "The Continuing Airworthiness Management Organization (CAMO) for operators of B787 aircraft should immediately make themselves aware of the relevant AD and establish whether it affects any aircraft... The operation check AD must be documented in the Operations Manual along with reference to the AD number," the notice added. Aviation safety experts and airline pilots said the AD is absolutely critical. An airline official said Indian carriers are mandated to follow the ADs issued by DGCA. The CAA AD requires compliance by UK airlines. They acknowledge that the AD issued by FAA in September 2015 needed to be mandatorily acted upon and said the DGCA issued the concerned AD in 2015. AI back then was under govt management. Airline sources said the necessary actions were taken. UK aviation regulator CAA issued safety notice (no. SN-2015/005) on May 15, 2025, requiring valve replacement and checks in B787 aircraft. The safety notice was based on an Airworthiness Directive (AD) issued on September 19, 2015, by the Federal Aviation Administration (FAA), US, addressing a potential unsafe condition affecting fuel shutoff valves installed on various Boeing aircraft. DGCA issued an AD on the fuel control valves in 2015 following the FAA alert. But there was no mention of it in the preliminary crash investigation report issued by the Aircraft Accident Investigation Bureau. Instead, the report mentioned an FAA Special Airworthiness Information Bulletin (SAIB) NM-18-33 dated December 17, 2018, that warned of the potential disengagement of the fuel control switch locking feature. This was not mandatory in nature and hence not acted upon, it stated. On July 14, 2025, DGCA issued a circular ordering checks of fuel control switches on B787 and B737 aircraft.
Borneo Post
16-07-2025
- Business
- Borneo Post
India, Singapore order airlines to check fuel switches on Boeing jets following deadly Air India crash
India's DGCA has ordered for an investigation of the locking feature on the fuel control switches of several Boeing models, including 787s and 737s. — AFP photo NEW DELHI (July 16): India and Singapore ordered their airlines to examine fuel switches on several Boeing models with South Korea set to do the same after the devices came under scrutiny following last month's crash of an Air India jet killed 260 people. Singapore said it detected no problems with switches on its airlines' Boeing aircraft in the wake of a preliminary Indian-issued report found the devices flipped from run position to cut off shortly after takeoff. The report did not offer any conclusions or apportion blame for the June 12 disaster, but indicated that one pilot asked the other why he cut off fuel, and the second pilot responded that he had not. India's Directorate General of Civil Aviation (DGCA) issued the order Monday to investigate the locking feature on the fuel control switches of several Boeing models, including 787s and 737s. The order came after Boeing notified operators that the fuel switch locks on its jets were safe. But it was in line with a Special Airworthiness Information Bulletin (SAIB) issued by the US Federal Aviation Administration (FAA) in 2018, which recommended inspection of the locks to ensure they could not be moved accidentally. Several Indian and international airlines have already begun their own inspections of fuel switches. 'It has come to the notice of DGCA, that several operators — internationally as well as domestic — have initiated inspection on their aircraft fleet as per the SAIB,' DGCA said in a statement. In view of the SAIB, all airline operators of the affected aircraft must complete the inspection by July 21, it added. The Boeing 787-8 Dreamliner was headed from Ahmedabad in western India to London when it crashed, killing all but one of the 242 people on board as well as 19 people on the ground. In a letter to employees on Monday, Air India CEO Campbell Wilson said the investigation into the crash was ongoing and it would be unwise to jump to 'premature conclusions'. Singapore reported that it had examined fuel switches on its airlines' Boeing aircraft. 'Our checks confirmed that all fuel switches on SIA (Singapore Airlines) and Scoot's Boeing 787 aircraft are functioning properly and comply with regulatory requirements,' an SIA spokesperson told AFP. South Korea was also going to order its airlines to examine fuel switches on Boeing jets, Seoul's transport ministry said on Tuesday. 'The ministry is preparing to order all South Korean airlines that operate Boeing aircraft to examine fuel switches in accordance with the FAA 2018 directives,' a ministry spokesperson told AFP. — AFP
