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Sources say that the Air India CEO search has narrowed down to Singapore Air executive Kannan and insider Aggarwal.
Two sources who have direct knowledge of this matter say that Vinod Kanan, the Singapore Airlines CEO and Air India's Nipun Aggarwal, the commercial head of Air India are the frontrunners for the position of new CEO at Air India. This suggests that the search for the next CEO of India's second largest airline is close to completion. New Zealander Campbell Wilson announced last month that he resigned from the airline due to its persistent losses and regulatory scrutiny. One source said that the board of 'Tata Sons', the majority owners of the airline is currently discussing both names. There has not been a final decision and another candidate could emerge as the frontrunner. Tata Sons' spokesperson did not respond to a comment request. Air India refused to comment. Aggarwal and Kannan did not reply to text messages seeking a comment. Singapore Airlines owns a quarter of Air India. The rest is owned by Tata Sons. Air India's choice of a CEO is made at a critical time. The airline is facing heavy losses, increased regulatory scrutiny following a fatal crash last year and operational disruptions caused by the Iran War, which has?driven up costs and compounded effects of Pakistan’s airspace restriction. In April last year, Pakistan banned Indian carriers in its airspace following tensions between the two neighbours. Kannan was the CEO of Vistara - the joint venture between Tata Airlines and Singapore Airlines - before it merged with Air India. Kannan is a seasoned aviation professional who began his career in 2001 with Singapore Airlines. He has since held various roles within the airline. Aggarwal began working for Air India in 2022, after Tata Sons acquired the airline from the Indian government. According to Air India, he played a "key role" in the transformations of several Tata Group Companies between 2017 and 2020. He has also worked as an investment banker with Bank of America Merrill Lynch.
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What is the hantavirus which killed three passengers on a cruise ship?
Authorities and media reported on Sunday that three people died and another three were ill following a suspected hantavirus outbreak aboard a Dutch-based cruise ship. This is some information about the virus. Spread by?RODENTS According to the World Health Organization, Hantavirus can be spread by rodents and in rare cases between humans. Infections are most common when rodent saliva, urine, and droppings become airborne. The name of the virus comes from Hantan River, a region in South Korea where it was first identified back in the 1970s. It can be fatal Hantaviruses are a group of viruses which cause two diseases, the first affecting the lungs while the second attacks the kidneys. The first is the one that gets most attention, as it has a mortality rate of about 40%. Hantavirus respiratory syndrome is most common in North and South America. The Canadian government reports that there are approximately 200 cases of hantavirus-pulmonary illness each year. According to autopsy results, Betsy Arakawa died in New Mexico from hantavirus lung syndrome 2025. She was the wife of actor Gene Hackman. SYMPTOMS According to the CDC, hantavirus is usually accompanied by flu-like symptoms such as fatigue or fever one to eight weeks after exposure. After four to ten days, you may experience a cough, shortness of breath, and fluid in your lungs. The CDC says that it is difficult to diagnose flu symptoms within 72 hours, and so they can be easily mistaken as a virus. TREATMENT Since there is no specific treatment for hantavirus, the focus of care is on supportive measures such as rest and fluids. Some patients may require breathing support, such as a ventilator. PREVENTION Experts state that exposure to hantavirus is minimized when rodents are removed from areas with people. Vacuuming or sweeping up dried droppings can cause the virus to be aerosolized.
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United Airlines plane strikes light pole at Newark Airport
According to the Port Authority of New York & New Jersey, a United Airlines plane struck a light post on its final descent into Newark International Airport on Sunday. The aircraft caused damage to both the pole and a truck traveling nearby. According to the Federal Aviation Administration, United Airlines Flight 169 hit a light pole while approaching Newark Liberty International Airport around 2 p.m. FAA said that the Boeing 767-400 was safely landed and had arrived from Venice, Italy. A spokesperson for United said that "our maintenance team is evaluating damage to aircraft." Our crew was removed from service in order to conduct a thorough flight safety investigation. According to the?Port Authority, no injuries on board were reported. Minor damage was also observed. According to a spokesperson, airport staff checked the runway for debris and quickly returned normal operations. The Port Authority reported that the tractor?trailer's driver, who suffered minor injuries, was transported to the hospital and released. The FAA and the National?Transportation?Safety Board?have said they will investigate this incident. Reporting by Doyinsola Oladipo, Washington; additional reporting by David Shepardson. Editing by Nick Zieminski.
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United Airlines plane strikes light pole at Newark Airport
According to the Port Authority of New York & 'New Jersey, a United Airlines aircraft struck a light post on its final descent into Newark International Airport on Sunday. The damage caused to the pole and to a tractor-trailer traveling along the highway nearby. United Airlines Flight 169?hit a light post on the New Jersey Turnpike at around 2:00 p.m. while on approach to landing at?Newark Liberty International Airport. This was according to the 'Federal Aviation Administration. FAA reported that the?Boeing 777 landed safely after arriving from Venice, Italy. Port Authority said that no injuries had been reported and minor damage was noted to the aircraft. According to a spokesperson, airport staff checked the runway for debris. Normal operations were quickly resumed. The driver of the tractor trailer was taken to hospital with minor injuries. He has since been discharged. The FAA announced that it would investigate the incident. United did not immediately respond to a comment request.
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WHO confirms three deaths and one case of Hantavirus on an Atlantic cruise ship
The World Health Organization announced on Sunday that three people?died? and one case of the hantavirus was confirmed among passengers aboard a cruise ship?sailing on the 'Atlantic Ocean. In a posting on?X, the company said that six people were affected by the incident. Three of them have died, and one is currently in intensive care. WHO has not named the vessel, or its operator. However, a source who is familiar with the situation says it's the MV Hondius travelling from Argentina towards Cape Verde. The WHO stated that it would facilitate coordination between member states and the ship operators to ensure the medical evacuation of two symptomatic passengers as well as the full assessment of public health risks and support for the other passengers aboard. The Dutch Foreign Ministry confirmed the deaths of two Dutch passengers, but did not provide any further details. Sky News reported a British visitor was being treated at a South African hospital?after a suspected hantavirus infection, citing South Africa’s Department of?Health. The report also quoted the British Foreign Office, which said it was closely tracking reports of "a potential hantavirus infection on the Hondius" and was in contact with local authorities and the cruise line. The British Foreign Office and South Africa's Department of Health have not responded to requests for comments. Reporting by Chandni in Bengaluru, Additional reporting by Charlotte Van Campenhout, Mihika Sharma and Edmund Klamann.
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Spirit reports that most customers have been refunded and staff has returned to work after the shutdown
Spirit Airlines announced on Sunday that it had almost completed refunding passengers and returning crew members to their homes following its decision to cease operation over the weekend. Spirit Airlines abruptly cancelled flights early Saturday morning. This left passengers and staff stranded in the U.S. as well as the Caribbean and Latin America. The airline had collapsed under financial pressures, including a steep rise in fuel costs due to the Iran War. Cirium, an aviation analytics firm, reported that the carrier had over 4,000 domestic flights planned through May 15. The company reported that most customers who paid with credit cards or debit cards had received their refunds by Saturday night, but a small number were still awaiting processing. Over the weekend, a final?group? of approximately?1,500 crewmembers was re-based. Other airlines have offered discounted rescue fares to stranded passengers. Reporting by Sabrina Valle in New York and Doyinsola Oladipo; editing by Cynthia Osterman
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Americans on a tight budget lament the loss of Spirit Airlines, a low-cost airline
U.S. travelers were upset to hear of Spirit Airlines' closure on Saturday. They said that the closure of this ultra-low cost carrier eliminated one of their few options for air travel. Spirit Airlines abruptly canceled flights overnight, leaving passengers and staff stranded in the U.S. Caribbean and Latin America. The airline collapsed under financial pressures, including a sharp increase in fuel prices due to the Iran War. Former Spirit customers have praised the airline on social media sites such as Reddit or X where they vent their frustrations over delayed or cancelled flights. Reddit user AioliUpset7805 wrote on a thread regarding the airline's closing, "They were truly one of the last cheap options -- 'get my there as quickly and cheaply as possible'." "I'll be missing them." Spirit Airlines, which has been operating since the early 1990s and is known for offering?some the cheapest flights available in exchange for limited services and luxuries,' became well-known for its 'limited luxuries, but high quality service. Spirit, a Florida-based airline, charged for bottled waters, for instance, and didn't provide "reclining seats". Spirit Airlines' lack of amenities has been the subject of many online memes. However, many travelers say that Spirit made it possible for Americans to travel with their families or visit relatives in distant parts of the United States. BigBubby305, a Reddit user, said that vacations were now out of the reach of millions of families. The price difference between Spirit Airlines and other carriers such as Delta and American Airlines can be more than $1,000. Other Airlines Seek to Fill Gap Overnight, at the Orlando International Airport, a digital departure sign was filled up with red alerts of Spirit flight cancellations. Destinations ranged from Nashville, Tennessee to San Juan Puerto Rico. After Spirit ceased operations, several U.S. airlines, including Frontier, JetBlue, and Southwest, announced discount fares as well as plans for new routes this summer. Airlines such as?Delta, American Airlines and Frontier offered temporary lower fares for Spirit passengers. Spirit's closing comes as prices are rising across the American economy. This has been exacerbated by the U.S.-Israeli conflict against Iran. According to the latest data, Spirit's demise, and a recent doubled in jet fuel prices are likely to increase costs for American travelers. "I always took pride in saving people money, and allowing them to travel who couldn't otherwise afford it," wrote Reddit users Coryntrevors. They piloted Spirit Airbuses' signature bright yellow Airbuses from Las Vegas for more than a decade. "To close down for good tonight was one of the most saddest moments of my life." Reporting by Laila KEARNEY in New York. Editing by Ross Colvin, Keith Weir and Keith Weir
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Spirit Airlines passengers stranded after collapse of budget airline are helped by airlines
The U.S. Government and major airlines scrambled on Saturday to assist stranded employees and passengers after the bankrupt discount airline Spirit Airlines ceased operation. This was the first industry casualty associated with the Iran War. The airline's collapse over night following a double-digit increase in jet fuel prices due to the Iran war will cost thousands of jobs. This is a major blow for President Donald Trump who had proposed $500 million in order to save Spirit, despite the opposition of many Republicans and some of his closest advisors. Spirit's failure highlights the unintended effects of the U.S. and Israel war against Iran despite a tense ceasefire. Spirit, which was already struggling to make a profit prior to the fuel shocks, is now facing a surge in jet fuel prices while Iran continues to block nearly all traffic across the Strait of Hormuz. The U.S. Navy also blocks Iranian ports. Sean Duffy, Transportation Secretary, said at a press conference that creditors rejected the deal in spite of the Trump administration's efforts to save Spirit. Spirit Airlines said that the collapse of the airline would result in the loss 15,000 jobs for employees and contractors. Spirit's biggest creditors, such as Ken Griffin's Citadel and a major hedge-fund, were opposed to the government's rescue. They argued that the terms would dilute their claims because federal financing would be placed ahead of existing debt. FOND TRIBUTES SOCIAL MEDIA Spirit Airlines, which accounted for about 5% of U.S. flights in 2010, is the only U.S. airline to have liquidated within the last 20 years. Spirit kept fares low in markets where it was competing with major carriers. Many people posted nostalgic?posts on the social media platform X, which is where many travelers vent their frustrations over delayed or canceled flights. "Goodbye SpiritAirlines. We in Detroit, or what was formerly known as the Second Hub of #DTW will miss you," said @IUTruthtellers2. Other X users posted their stories about?their experience flying on Spirit. They included the hashtag "RIP" as part of?their messages. The digital departure display at the Orlando International Airport was flooded with red alerts of cancelled Spirit flights, which had destinations ranging from Nashville, Tennessee to San Juan Puerto Rico. United Airlines, Delta Air Lines, JetBlue, and Southwest have all capped ticket prices to help Spirit customers rebook cancelled flights. Customers must present a Spirit flight number in order to qualify. Other airlines offer free seats for Spirit employees to get home. Duffy said, "This is airline industry doing its part." Duffy said that U.S. Low-Cost Carriers have requested $2.5 billion from the government to help them deal with higher fuel prices, but did not believe a bailout "at this time." A LOT OF AIRLINES ARE BANKRUPT OVERNIGHT Duffy took a shot at the former administration under President Joe Biden. He argued that the government's blocking of the merger between JetBlue in 2024 and Spirit was the cause of the airline's demise. Spirit filed for bankruptcy twice in a year, and it had not turned a profit since 2019 Spirit's brand was built around low-cost fares, which were designed for budget-conscious travellers who would not pay extra for checked bags or seat assignments. After the pandemic, passengers opted for comfort and experience-based travel. Ultra-low-cost airlines struggled to adapt. JetBlue and Frontier Airlines will also benefit from Spirit's closure, as they are both suffering from cost shock. Cirium data shows that Spirit has 4,119 domestic flights between May 1 and 15 with 809,638 available seats. Trump said that on Friday, the White House gave Spirit's creditors and the airline a final proposal to save the airline after the talks had reached a deadlock over a $500-million financing package which would have allowed the airline to continue operating even if it went bankrupt. Spirit had struck a deal with lenders to help it emerge from bankruptcy in late spring or early August. The'spike in jet-fuel prices' derailed these plans. It threw Spirit's cost projections off and complicated its bankruptcy exit. Spirit's restructuring plans assumed jet fuel prices of $2.24 per gallon in 2020 and $2.14 by 2027. However, the price had risen to $4.51 per gallon at the end of April. The carrier was unable to continue operations without new financing. About a quarter (25%) of airline operating costs are attributed to jet fuel. Cirium data shows that the airline carried around 1.7m domestic U.S. passengers in February. Its market share was 3.9%, down from 5.1% a year ago. (Reporting and editing by Ross Colvin, Keith Weir, and Keith Weir. Sabrina Valle and Laila Kearney, Ismail Shakil and David Shepardson)
Gulf crisis affects Australian and New Zealand companies, from airlines to banks
The U.S. and Israel war on Iran is causing financial stress for companies in Australia and New Zealand. Higher fuel prices are a major factor, as they increase inflation, erode consumer and business confidence, and reduce corporate earnings.
Below are some companies in Australia and New Zealand who have reported an impact of the Middle East conflict.
Air New Zealand, New Zealand's national carrier, suspended its full-year earning outlook in early March and announced that it had increased fares because of volatility on the jet fuel market. It was one of the first carriers who announced price increases.
On April 7, the airline announced that it would cut flights by 4% in May and June. This will affect around 1% of passengers and 4% of flights.
Auckland International Airport, New Zealand: Auckland International Airport reported that flights to the Middle East from Auckland were affected.
In March, the number of passengers on Middle Eastern routes dropped by 81% and seat capacity fell by 73% compared to a year earlier, according to airport operator.
New Zealand-based a2 Milk has cut its profit forecast for fiscal 2026 as higher freight costs and supply chain disruptions due to conflict have affected the availability of the China-label infant formula product on its largest market.
Cleanaway Waste Management has slashed their full-year operating profit forecast by approximately A$20million ($14.17million), due largely to higher costs, reduced activity and timing differences when it comes to cost recovery.
Cochlear, an Australian manufacturer of hearing implants, has lowered its profit forecast for 2026 due to weaker trading on developed markets. The company cited slower surgical volumes, lower referrals for hearing aids, and a softer consumer attitude. The company stated that the Middle East War has increased risks such as order cancellations, delays in delivery, and a higher exposure to receivables. It also said that restructuring costs and margin pressure have been worsened by the Middle East conflict.
Endeavour Group: Pub-operator Endeavour warned of fuel and freight inflation due to the war in Iran, which would increase their supply chain costs by A$6-A$8 million.
The company said that it was experiencing price pressure in its entire supply chain because of?higher fuel prices linked to the Middle East Conflict.
Owner of liquor chain Dan Murphy's, has launched a three-year drive to improve efficiency. The goal is to save A$100,000,000 by 2027, by reducing the number of support offices and optimising store layouts, among other things.
Fletcher Building, New Zealand: Fletcher Building, New Zealand, said that it is 'indirectly exposed to the Middle East conflict through supply chains, freight lines, energy costs and the wider economic impact on the construction demand in Australasia.
Construction materials manufacturer expects to increase prices in all divisions. Plastics will be affected by price increases of up to 36%. Other divisions will only see a 1%-5% increase.
Fonterra New Zealand, a dairy producer, said the conflict could impact its supply chain and increase its inventory and costs in second half of year. It also contributed to volatility in global commodities prices.
National Australia Bank: National Australia Bank said that it expects credit impairment charges of A$706 ($504.44 millions) in the first fiscal half 2026.
NAB stated that the volatility of interest rates in the second quarter, the weakening New Zealand dollar, and the increase in provisioning would result in a reduction of the common equity tier one capital ratio for the group by approximately 20 basis points on March 31.
The company also plans to apply a discount of 1.5% to its dividend reinvestment program for the first half to raise A$1.8 billion and help strengthen its balance sheet.
Orora Packaging Company: Orora has lowered its earnings forecasts for its French division Saverglass, and cancelled the share buyback program. The company cited the impact of war.
Due to the closures of shipping routes, the company also stopped bottle production in its glass production plant at Ras al-Khaimah (United Arab Emirates).
Qantas Airways: Australia's flag-carrier, Qantas Airways has raised its fuel costs outlook for the second half year by as much as A$800,000,000 and announced that it had not yet started its planned A$150,000,000 share buyback, citing the sharply increased and volatile jet fuel price.
Qantas has raised fares to offset the rising cost of its flights and shifted them towards stronger routes, such as Paris or Rome, where the demand is still strong. They have also reduced their domestic capacity in June by approximately 5 percentage points.
Qube Holdings: Qube anticipates that the Middle East conflict will have an impact on its EBITA of between A$10 and A$20 million in fiscal 2026.
The logistics company said that the recent events may support a rapid acceleration of investment in alternative energy projects which could be beneficial for the firm.
Virgin Australia: Virgin Australia expects fuel costs to increase by around A$30 to A$40 million ($21.39 to $28.52 millions) in the second half fiscal 2026.
In mid-March, the airlines announced that they were adjusting their fares due to the rising costs in the aviation industry.
Westpac: Westpac, Australia's no. Westpac, Australia's no.
Westpac's net margin for its Treasury and Markets division has been weakened amid the interest rate volatility caused by the conflict. A weaker outlook had already led to higher credit provisioning.
Westpac has increased its provision for bad debts since the COVID-19 pandemic.
Woolworths Woolworths is the largest Australian supermarket. It said that the Middle East conflict had created uncertainty for both customers and suppliers. This has exacerbated the already severe cost of living pressures.
The company also warned that the domestic food segment's earnings growth would not reach the top end of the range in fiscal 2026 due to fuel price pressures, and customer retention investments.
Woolworths has also announced that it will freeze the prices of 300 household staples from May 1 for three months, as cost pressures imposed by conflict on Australian suppliers are driving up prices across all supermarkets.
Worley: Worley estimates that the negative impact of the Middle East Conflict on its underlying EBITA in fiscal 2026 will be between A$30 and A$40 Million.
The Australian engineering company warned that it would not be able to grow its underlying EBITA by more than 5% in fiscal 2026 but still aimed to increase revenue in fiscal 2026.
(source: Reuters)