Oil prices held firm on Friday on strong demand, ongoing supply cuts led by producer cartel OPEC and looming U.S. sanctions against major crude exporter Iran. But markets remained below multi-year highs from the previous day as surging output from the United States is expected to offset at least some of the shortfalls. Brent crude […]
Day: May 18, 2018
Singapore Airlines to absorb SilkAir after 2020 after $75 mn cabin upgrade
Singapore Airlines Ltd plans to absorb its underperforming regional arm SilkAir after 2020 when a programme to upgrade cabins at a cost of more than S$100 million ($74.5 million) gets underway. The move comes as Singapore Airlines undertakes a three-year transformation programme designed to cut costs and boost revenue amid competition from Chinese and Middle […]
Back to basics for landings at Mumbai airport as navigation aid off for next 3 weeks
The navigation aid used by pilots to land at the city airport is being upgraded and will not be available for the next three weeks. During this time, pilots operating into the airport will have only basic navigation aids to bank on. The Instrument Landing System (ILS) of main runway 27 became unavailable from 11 […]
BPCL to commission Rs 1.03-billion LPG bottling unit by March 2020
Bharat Petroleum Corporation Ltd (BPCL), a maharatna PSU, aims to commission the LPG bottling unit at Balangir, its second in Odisha, by March 2020. The new bottling unit is being built at a cost of Rs 1.03 billion. The facility is to be spread over 23 acres at Barkhani village, around 12 km from the […]
Dharmendra Pradhan asks Saudi Arabia for stable, moderate oil prices
With global crude prices touching USD 80 a barrel, Oil Minister Dharmendra Pradhan has pressed OPEC kingpin Saudi Arabia to keep prices stable and moderate, saying that spike in rates would have a negative impact on Indian consumers as well as the economy. Pradhan conveyed India’s concerns when Saudi Arabian Minister of Energy, Industry and […]
Harrowing time for passengers on IndiGo’s Lucknow-Mumbai flight due to snag
Passengers of on board an IndiGo flight from Lucknow to Mumbai had a harrowing time today morning as they spent around three hours on the stationary aircraft after one of its engines developed a technical snag. The passengers took to social media to narrate their ordeal, with one of them claiming that it was hot […]
DGCA to issue licences to air traffic controllers
Indian air traffic controllers (ATCOs) will now be licensed by the Directorate General of Civil Aviation (DGCA), just like pilots. The aviation ministry took this decision after the International Civil Aviation Organisation (ICAO) recommended that air navigation services, which provide ATC service, should come under a separate regulatory agency. For the last 70 years, ATC’s […]