Aviation
British Airways owner buys low-cost airline Niki
ritish Airways owner IAG has emerged as the preferred bidder to take over bankrupt Austrian airline Niki, German news agency DPA reported on Thursday.
“In the search for a solution for the insolvent Air Berlin subsidiary, Niki, everything is pointing to a sale to British Airways parent IAG,” DPA wrote, without revealing its sources.
Niki’s insolvency administrator Lucas Flöther earlier announced that creditors had agreed to begin final talks with a chosen bidder. He did not identify the bidder, but IAG — which also owns Spanish carrier Iberia — was widely reported to be one of four parties in the running to snap up all or parts of the holiday carrier.
Flöther has previously said he wanted a deal to be clinched before the end of the month given Niki’s urgent need for fresh funding. IAG declined to comment when contacted by AFP.
Niki, the Austrian unit of failed Air Berlin, was forced to stop flying on December 14 after Lufthansa dropped plans to buy it because of EU competition concerns. One of the four bidders for Niki, Austrian former Formula One champion Niki Lauda told reporters his bid to re-acquire the airline he founded in 2003 had failed.
“I’m no longer in the race,” he told Austrian media, predicting that the airline would be dismantled. “A sale abroad, as now seems likely, means a break-up [of the airline]. This is a tragedy.”
Germany’s Tuifly and Thomas Cook’s German subsidiary Condor were understood to be the other two parties interested in scooping up Niki, which employs some 1,000 people.
The airline, whose fleet of about 20 planes served resorts in southern Europe and north Africa, opened insolvency proceedings on December 13 after German giant Lufthansa unexpectedly withdrew its purchase offer. Niki ceased flying the next day, stranding thousands of passengers.
Lufthansa dropped its interest in acquiring Niki along with large parts of parent company Air Berlin after EU regulators expressed their concerns. Last Thursday, the European Commission approved Lufthansa’s more modest bid to acquire the operations of Air Berlin’s LGW unit, comprising some 30 leased aircraft and 800 employees.
While 2017 has been a bruising year for some European airlines — after the collapse of Air Berlin and Monarch Airlines in the UK, and as Alitalia in Italy went into administration — IAG has bucked the trend. The Anglo-Spanish group, which also owns Aer Lingus and budget airline Vueling, has said it expects underlying operating profit to hit €3.bn ($3.5bn) in 2017, a 20% jump on the year before, thanks to rising demand and falling costs.
Aerospace
South Korean KF-21 Completed First Successful Aerial Refueling
The first aerial refuelling test of South Korea’s indigenous KF-21 Boramae fighter jet was successfully completed, marking a key milestone in the country’s defense capabilities.
Refueling from a Republic of Korea (ROK) Air Force KC-330 aircraft off the southern coast, the Boramae fighter jet took off from Sacheon Airbase, some 183 miles southeast of Seoul. The Defence Acquisition Programme Administration (DAPA) hailed this development, which represents a significant advancement for this state-of-the-art aircraft.
The successful aerial refueling test corresponds with a staged production plan intended to ease worries brought forward by the feasibility assessment carried out a year ago. The research recommended cutting production to just 20 units and made additional test suggestions. A DAPA official continues to state that after discussions with pertinent agencies, plans are in place to conclude verification testing by June of this year and complete a contract for the remaining 20 units by February of the following year.
The kf 21, which has been compared to the Turkish KAAN and the Indian AMCA, has a more stealthy airframe than fourth-generation aircraft, but it is not yet capable of fifth-generation fighter capabilities. However, in the future, modifications such as internal weapons bays might force South Korea to reclassify it as a fifth-generation fighter. Even while South Korea has made significant strides towards constructing the KF-21, other countries, including Turkey and India, are also stepping up their efforts to push plans for creating fifth-generation fighter jets.
As an initial phase, KAI boramae intends to manufacture a two-seat variant of the kai kf 21 boramae equipped with manned/unmanned teaming (MUM-T) capabilities. According to current plans, the Block 2 kf 21 fighter is slated for an upgrade to a low observability (LO) configuration, elevating it to the status of a fifth-generation fighter.
Additionally, KAI has put forward a proposal for the development of a Block 3 kf 21 boramae fighter jet, categorized as a sixth-generation fighter. This iteration would be larger, boasting enhanced stealth features and capabilities. It would incorporate more potent engines and operate within a comprehensive ‘system of systems’ framework, integrating with unmanned effectors for increased effectiveness.
With the KF-21’s production set to start later in the year, DAPA intends to finalise an agreement with KAI by the beginning of 2024. The Republic of Korea Air Force (ROKAF) is expected to receive 120 KF-21 fighters by 2032.
The whole production plan for 40 kf21s has been approved by the Defence Project Promotion Committee, with an estimated cost of 7.92 trillion won (US$5.9 billion) between now and 2028.
Aviation
Laser Attack on Aircraft after flying over at Mexico Fireworks Festival
In a shocking turn of events, a passenger jet was nearly blinded by the intense beams of hundreds of laser pointers wielded by festival-goers at a pyrotechnics festival in Tultepec, Mexico.
The harrowing incident unfolded last weekend during the National Pyrotechnic Festival, an annual celebration showcasing Mexico’s rich tradition in fireworks production and usage.
Video footage captured the moment when a passenger jet, en route to Felipe Ángeles International Airport, soared above the festival grounds. As the aircraft approached, the sky became illuminated with a multitude of green laser beams, creating an eerie glow around the plane.
https://twitter.com/fl360aero/status/1770277290695385593
The sight was both astonishing and terrifying, as the lasers posed a serious risk to the safety of the aircraft and its passengers. Social media erupted with condemnation towards the festival-goers, labeling their actions as idiotic and dangerous.
Social media erupted with condemnation as the video spread rapidly, with users expressing outrage at the dangerous behavior of the festival attendees. Many denounced the act as foolish and illegal, highlighting the potential consequences of such reckless actions.
It is currently unclear if the police are investigating the video or if the airline targeted has complained to air safety officials.
Airlines
Indigo contributed 31 crores to India’s political party for election funds
In a recent disclosure, it has come to light that Rahul Bhatia, the promoter of IndiGo, along with companies under his InterGlobe Group, has made significant donations totaling Rs 56 crore to four political parties. Additionally, SpiceJet, led by Ajay Singh, has contributed Rs 70 lakh to the Aam Aadmi Party (AAP).
The data further reveals that InterGlobe Air Transport Ltd, a part of the InterGlobe Group, purchased 11 electoral bonds valued at Rs 1 crore each on May 10, 2019, amounting to a total of Rs 11 crore. Similarly, Interglobe Aviation, the parent company of IndiGo, acquired 5 electoral bonds worth Rs 1 crore each on October 23, 2023, totaling Rs 5 crore.
InterGlobe Real Estate Venture and InterGlobe Air Transport Ltd directed the lion’s share of their political contributions, totaling Rs 31 crore, to the Bharatiya Janata Party (BJP). Surprisingly, the second-largest recipient was the Trinamool Congress (TMC), receiving Rs 16.2 crore from Bhatia. Additionally, InterGlobe Aviation Ltd allocated Rs 5 crore to the Congress party, while Bhatia contributed Rs 3.8 crore to its ally, the Nationalist Congress Party (NCP).
Rahul Bhatia, individually, also made substantial contributions through electoral bonds, purchasing bonds worth Rs 20 crore. On April 7, 2021, a total of 29 electoral bonds were acquired, with 19 bonds valued at Rs 1 crore each and 10 bonds at Rs 10 lakh each, summing up to Rs 20 crore. When combined with the donations from IndiGo and its affiliated companies, the total contributions from the promoter and associated entities reach Rs 56 crore.
On the other hand, SpiceJet, once a prominent player in the Indian aviation industry, has seen a decline in its market position, currently ranking fifth in terms of market share. Despite this, the airline has engaged in political contributions, with donations made in three separate installments.
Aviation
Air India Express to Operate 360+ Daily Flights in Summer 2024
In a strategic move aimed at significantly expanding its operations, Air India Express, the Tata Group-owned airline, is gearing up to soar to new heights this summer.
With a robust plan in place, the airline is set to operate more than 360 daily flights during the upcoming summer schedule, marking a substantial increase in its services both domestically and internationally.
Compared to last year’s summer schedule, Air India Express is witnessing remarkable growth, with a surge of over 25 percent in domestic flights and over 20 percent in international flights. This translates to an additional 55 domestic flights and 19 international flights, with a total of 259 domestic and 109 international departures.
As part of its efforts to bolster connectivity, the airline will be ramping up frequencies to key international destinations such as Abu Dhabi, Dammam, Jeddah, and Sharjah, catering to the growing travel demand in these regions.
In addition to its expansion plans, air india american express is also delighting its passengers with an enhanced in-flight dining experience. To mark the upcoming Holi celebrations, the airline has introduced the traditional Indian sweet “Gujia” to its award-winning in-flight dining menu, ‘Gourmair,’ promising passengers a delightful gastronomic journey.
Recently, Air India Express Rolls Out ‘Xpress Lite’ Fares, Through the ‘Xpress Lite’ program, travelers can take advantage of fares that are less expensive than standard ones. Complementing this service is “Xpress Check-In,” a function that allows passengers to skip lines at baggage belts and check-in counters, thereby expediting the boarding procedure. air india express ticket offer Furthermore, travelers who choose “Xpress Lite” prices will be given a free 3-kilogram cabin luggage allowance.
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