Airbus bowed to weak demand for its A330 passenger jet on Friday, announcing a cut in production for 2019 after a series of bruising defeats to Boeing in contests for wide-body jets. Europe’s largest aerospace group said it was reducing deliveries of the 250-300-seater to around 50 aircraft in 2019, without giving a figure for […]
Day: April 27, 2018
Coal block allocation: CBI court convicts Gondwana Ispat, director
A Special Central Bureau of Investigation (CBI) court on Friday convicted Gondwana Ispat Ltd and its director Ashok Daga for misrepresenting facts for allocation of a coal block in Maharashtra. The arguments on sentence/fine to be heard later in the day. In 2016, the Enforcement Directorate (ED) had attached assets worth Rs. 1.67 crores under […]
India aims to split GAIL within a year to open up gas sector
India plans to split state-run gas utility GAIL by March next year to create two companies: one marketing gas, and another operating pipelines that can be used by consumers who buy direct from producers, the head of the sector’s regulator told Reuters. GAIL (India) Ltd is the country’s biggest gas marketing and trading firm and […]
Air Deccan aircraft lands at Shillong airport under UDAN
An Air Deccan aircraft landed at the airport here on a trial run from Agartalaunder the Centre’s UDAN scheme, officials said. Air Deccan”s 18-seater B190 aircraft landed at the Shillong airport at Umroi, 25 km from here, yesterday. “The test flight went well and we are satisfied with the facilities at the airport,” an Air […]
AirAsia India carries 74% more passengers in Q1
BY PTI | APR 27, 2018, 03.05 PM IST MUMBAI: Low-cost airline AirAsia India today said its load factor dipped by 6 percentage points to 83 per cent in the first quarter of 2018 and attributed the same to an 87 per cent ramp up in capacity. During the quarter under review, the Bangalore-based airline […]
Oil prices inch down but gain support from Iran concerns
Oil prices edged lower on Friday as the dollar rose, but Brent was still headed for its third week of gains amid supply concerns should the United States reimpose sanctions on Iran. Global benchmark Brent crude futures were down 27 cents at $74.47 a barrel at 0833 GMT. This month, Brent hit highs above $75, […]