Daily Archives: October 6, 2018

Oil prices mark weekly gain ahead of Iran sanctions

Crude futures steadied on Friday after climbing to four-year highs earlier this week, and both Brent and U.S. crude marked weekly gains ahead of U.S. sanctions on Iranian oil exports. U.S. West Texas Intermediate (WTI) crude futures rose 1 cent to settle at $74.34 a barrel. Global benchmark Brent crude futures for December delivery fell

IndiGo to add Male, Phuket in its network from November

Budget passenger carrier IndiGo will commence flight operations to Male, Maldives and Phuket, Thailand from November. Accordingly, as part of its international expansion, IndiGo will operate daily non-stop flights between Male-Kochi and five weekly service from Mumbai and twice weekly from Bengaluru. The airline will also operate six weekly flights between Delhi and Phuket. “Both

‘AI bailout must have stringent conditions’

Even as the Union government is gearing up to announce a second revival package for Air India (AI), Centre for Asia Pacific Aviation (CAPA), a leading aviation consulting firm, has said that the infusion of public funds must be supported by an accountability regime and this bailout has be accompanied by stringent conditions and oversight.