The government is actively pushing for establishment of air freight stations as it looks at ways to reduce costs involved in air cargo operations, a senior official said Tuesday. The Civil Aviation Ministry is expected to soon come out with an air cargo policy that would seek to address various problems faced by the industry […]
Day: November 20, 2018
Air India’s new plan to use its aircraft to raise $856 million; here’s how it will do it
Cash-strapped Air India is planning to raise as much as $856 million through the sale and leaseback of seven of its Boeing aircraft over the next 15 days, as it looks to repay the short-term loans raised to fund the acquisition of widebody aircraft. The fund to be raised is also expected to help the […]
Bangladesh scraps new floating LNG projects for land-based terminals
Bangladesh will scrap plans to build additional floating liquefied natural gas import (LNG) terminals in favour of land-based stations, a senior government official said. Adverse weather is making it difficult to operate the country’s sole floating storage and regasification unit (FSRU) and, hence, Bangladesh does not plan to build any further FSRU projects, said Mohammad […]
Jazeera Airways to connect New Delhi with Kuwait from Dec
Kuwaiti private budget carrier Jazeera Airways Tuesday announced the launch of its services to New Delhi from next month as part of its plans to expand its footprint in one of the fastest growing aviation market in the world. Jazeera Airways, which commenced operations in India last year, currently flies to Hyderabad, Mumbai, Kochi and […]
Natural gas production to rise by a third if output locked in ONGC, OIL fields opens up
India’s natural gas production will rise by a third provided the output locked in a dozen fields of state-owned ONGC and OIL is opened up by giving remunerative market prices, people with knowledge of the matter said. India currently produces about 90 million standard cubic meters per day (mmscmd) of natural gas and has ambitious […]
Oil prices slip amid broad market sell-off that outweighs expected OPEC cuts
Oil fell on Tuesday, folding under the weight of a broad stock market sell-off that undercut support to prices earlier in the day from expectations that OPEC will introduce new output curbs. Brent crude oil futures, the international benchmark for oil prices, were at $66.37 a barrel at 0752 GMT, down 42 cents, or 0.6 […]