Pilots Slam DGCA for Relaxing FDTL Rules for IndiGo

The Directorate General of Civil Aviation’s (DGCA) decision to give IndiGo leniency on the application of Flight Duty Time Limitations (FDTL) guidelines despite significant flight disruption and cancellation was sharply criticized by the Airlines Pilots’ Association of India on Friday. The pilots’ organization expressed disappointment in a letter to the aviation authority over IndiGo Airlines’ … Read more

Wall Street Steady as Fed Cut Hopes Rise

As investors awaited a crucial inflation data, U.S. stock futures saw minimal movement on Thursday night after Wall Street’s somewhat flat closing, which was bolstered by strong expectations of a Federal Reserve rate drop next week. By 20:10 ET (00:10 GMT), S&P 500 Futures had risen 0.1% to 6,872.50 points, while Nasdaq 100 Futures had … Read more

Oil Prices Rise on Ukraine Stalemate & Fed Rate-Cut Hopes

After increasing during the previous session, oil prices remained mostly stable in Asian trade on Friday as optimism was bolstered by delayed diplomatic progress over the conflict in Ukraine and strong anticipation of a rate decrease by the U.S. Federal Reserve. West Texas Intermediate WTI oil futures dropped 0.3% to $59.30 per barrel as of … Read more