Oil prices steadied on Thursday after U.S. data showed a big fall in crude stockpiles but also an increase in production, taking U.S. crude output to its highest in more than two years. Brent crude was unchanged at $50.27 a barrel by 0845 GMT. U.S. light crude was 5 cents lower at $46.73. Both benchmarks […]
Day: August 17, 2017
SC relief for DIAL, allows liberalised land use at Delhi airport
In a major boost for Delhi airport operator, the supreme court on Thursday dismissed the Centre’s appeal against extension of benefits of a liberalised land use policy to Delhi International Airport Ltd (DIAL). Centre had challenged the Delhi High Court order of April this year that found National Civil Aviation Policy 2016 discriminatory for existing […]
Air India launches direct flight to Sweden, connecting Delhi and Stockholm
India’s national air carrier Air India launched its first non-stop flight, the Dreamliner B-787, to Stockholm, Sweden, from Delhi on Wednesday. With an all-female crew on board, the cockpit was under the control of Capt. Nivedita Bhasin. The Dreamliner will fly thrice a week, every Wednesday, Friday and Sunday and leave Delhi at 14.50 hours […]
Air Berlin aims for asset sales to at least two buyers by end-Sept – CEO
Insolvent German airline Air Berlin aims to strike deals to sell assets to two or more buyers by the end of September, before a government loan keeping its planes in the air runs out, its chief executive said. The group is in talks with a total of three aviation firms, including Lufthansa, German newspaper Frankfurter […]