Airlines' Jet Buying Spree Comes With Risks

The White House said on Monday that Vietnam Airlines’ deal to buy 50 737 Max jets from U.S. planemaker Boeing is worth $7.8 billion.

Only 25% of Indians traveling abroad purchase travel insurance well in advance while making travel arrangements, while the majority of them wait until the last three days to buy it, according to data compiled by insurance aggregator Policybazaar.

Looking for a pet-friendly Airbnb and a getaway from a fast-paced life? Trying to find an Airbnb that is remote and dog friendly can be challenging at times, but it’s worth it when you find the right spot. Case in point: this North Carolina Airbnb with a backyard that goes directly to a waterfall.

Big Sur is an amazing place to visit and explore. It’s a rugged stretch of California coastline that has an incredible combination of mountains, ocean views, beaches, and redwood forests. Whether you’re looking for a relaxing day on the beach or more adventurous activities like hiking in the Santa Lucia Mountains, these Big Sur hotels ensure you’re within reach.

Pegasus Airlines is announcing a new climate program in partnership with climate tech company CHOOOSE, offering passengers the ability to understand and address their travel emissions.

It’ll soon be easier for East Coasters to see the turquoise waters, pastel-colored houses, and world-renowned reefs of Bermuda in style.

Casino operator MGM Resorts International is finding Formula One’s inaugural stop in Las Vegas is as much of a draw as its slot machines this year, and it is not the only company realizing that travelers are increasingly seeking out experiences beyond the traditional draws for tourists.

Airbus plans to deepen its industrial presence in India, Chief Executive Guillaume Faury said on Wednesday after meeting the country’s prime minister.

Travelers surged back to planes last year in numbers unseen since the beginning of the pandemic. That was good news for airlines that, facing a myriad of challenges, were unable to resume flights quite as fast, which drove up fares — and revenues too. It also, however, brought an unwelcome surge in costs. 

Air India has sealed a jumbo deal for about 500 new planes worth more than $100 billion at list prices, in what could become the single largest order by any airline as it seeks to reinvent itself under its new owners, industry sources told Reuters.

The Tatas will let go of Indian full-service carrier Vistara as they look to merge the airline with the more “internationally-recognized” Air India, Air India CEO Campbell Wilson said on Monday.

Indian airlines are expected to record a consolidated loss of $1.6 to 1.8 billion in the financial year 2023-24 ending March 31, 2024, according to aviation consultancy CAPA India. The full-service carriers are predicted to incur a loss of $1.1-$1.2 billion. With a net induction of 132 planes next fiscal, Indian airlines are estimated to take the total fleet of all carriers to around 816 aircraft. However, more than 100 aircraft from different Indian carriers are grounded as a result of supply chain and other issues. Highlighting the potential for growth in aviation, India’s civil aviation minister Jyotiraditya Scindia said that it was time for India to look at manufacturing aerospace products. He added that the aggregate fleet size of domestic carriers is estimated to reach around 2,000 aircraft over the next five to seven years. He claims that by the end of this year, up to 15 Flying Training Organizations (FTOs) could be established, bringing the total number of such organizations to 50 from the current 35. He emphasized the expansion of the drone industry, stating that it is projected to reach a value of approximately $40 billion by 2030 and produce about 250,000 million employees. All industries have an S-shaped evolution curve, and the minister noted that India is currently in the “infancy and growth phase” of its civil aviation industry.