Boeing shares climb 4% amid hopes for strike resolution and new labour contract proposal
About 33,000 workers will vote on the contract proposal on Wednesday after a more than month-long work stoppage, which has halted production of models including its best-selling 737 MAX narrowbody jets. The vote also coincides with Boeing’s third-quarter results, in which it is expected to report a hefty loss. Boeing’s shares rose 4% on Monday […]
US, European airlines want Air India to develop Gen AI chatbots for them
Air India is developing its AI chatbot, AI.g, which handles 97% of customer queries. Major US and European airlines have shown interest in similar technology. The airline has also filed for a patent on a ‘one-click booking’ feature. Major US and European airlines have approached Air India for developing generative AI chatbots similar to that […]
Abu Dhabi Investment Authority begins operations in GIFT City, Ahmedabad
Abu Dhabi Investment Authority (ADIA), the UAE’s largest sovereign wealth fund, on Monday commenced its India operations after obtaining the necessary regulatory approvals and opening its office in the GIFT City in Gujarat. The office is expected to drive further intensification of ADIA’s investment activities in the country, it was announced during the 12th meeting […]
Diwali cheer: Airfares on major domestic routes cut by 25% on average, Bengaluru-Kolkata route sees steepest drop
An analysis by travel portal ixigo showed that average airfare on the domestic routes have declined in the range of 20-25 percent. The prices are for one-way average fare on a 30 days APD (advanced purchase date) basis. The analysis attributed the drop behind increased capacity and the recent fall in oil prices are considered […]
DGCA warns airlines operating Boeing 737s over ‘potential risk’ from jammed rudder control
As per DGCA directions, operators of the aircraft have been directed to incorporate specific exercises into Recurrent Training and IR/PPC that simulate scenarios involving a jammed or restricted rudder control system, including rollout procedures. Aviation watchdog DGCA has warned all operators of Boeing 737 aircraft to check for ‘jammed rudder control system’. “All operators must […]