Indian airlines and brokerages hit by global IT outage

Major oil and gas trading desks in London and Singapore struggled to execute trades due to cyber outage, sources said.

A boy looks at Air India airline passenger aircrafts parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India. Photo: Reuters

Indian airlines and some brokerages faced technical and operational disruptions on Friday amid a global IT outage, multiple traders and airlines said.

Several major oil and gas trading desks in London and Singapore were struggling to execute trades due to a cyber outage, six industry sources told Reuters. LSEG

Group's (LSEG.L), opens new tab Workspace news and data platform also suffered an outage, affecting user access worldwide.

"We are currently experiencing technical challenges with our service provider, affecting online services including booking, check-in, and manage booking functionalities," SpiceJet (SPJT.BO), opens new tab said on social media platform X.

Indigo, Akasa Air, Vistara, Air India and Air India Express also posted messages on X saying they were facing issues.

New Delhi airport said it too faced some IT issues and some services were temporarily affected.

Among the brokerages in India, Nuvama Wealth Management (NUVA.NS), opens new tab, Edelweiss Mutual Fund, Motilal Oswal, IIFL Securities (IIFS.NS), opens new tab, 5Paisa Capital (PAIS.NS), opens new tab and Angel Broking are facing technical difficulties, traders at the brokerages told Reuters.

None of the brokerages responded to emails seeking confirmation and comment.

India's interbank trading platforms were functioning, however, and banks said they were able to execute bonds and foreign exchange transactions without any issues.

A source at the country's central bank said they were aware of the global outage but their systems were functional.

Widespread outages affecting banks, telecom networks and media were reported in Australia, possibly linked to an issue at global cybersecurity firm Crowdstrike (CRWD.O), opens new tab. Major U.S. airlines also issued ground stops citing communications issues.

Crowdstrike ran a recorded phone message on Friday saying it was aware of reports of crashes on Microsoft's (MSFT.O), opens new tab Windows operating system relating to its Falcon sensor.

 

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