MUMBAI: Nearly six years after it discontinued operations, Biman Bangladesh Airlines will be resuming its services on the Dhaka-New Delhi route from next month, the airline said Monday. The airline had suspended its services to New Delhi in 2013 and has been connecting the two nations since the 1980s. With the resumption of New Delhi-Dhaka […]
Day: April 30, 2019
Citi busy as oil pushes West Asia deals to a record
Citigroup Inc. is working on about seven M&A deals in the Middle East and North Africa as a rebound in oil prices pushes transactions to record levels. The deals are “mainly in Saudi Arabia and the United Arab Emirates,” Naveed Kamal, the head of corporate banking in MENA, said in an interview. “Depending on how […]
Jet staff may enter fray for co, want SBI to keep them in mind
New Delhi: A section of the Jet Airways’ employees have evinced interest in bidding for the airline and is scouting for investors to get the airline flying again. The employees have communicated this to State Bank of IndiaNSE -1.36 % Chairman Rajnish Kumar, requesting him to consider their bids, as they can arrange for funding […]
Air India continues to face software shutdown impact; 29 flights delayed on Monday
NEW DELHI: As many as 29 Air India flights were delayed by over an hour on Monday as the airline’s operations continued to be impacted by the software shutdown that happened on Saturday. While the glitch experienced by the check-in software system was fixed on Saturday itself, the airline grappled with the fallout for the […]
FAA considered grounding some Boeing 737 Max planes last year: Source
New York: US regulators considered grounding some Boeing 737 Max planes last year after learning of a problem with a system that is now the main suspect in two deadly crashes, a source close to the matter said. Investigators in the Lion Air crash in October off the coast of Indonesia and the Ethiopia Airlines […]
Iran says US sanctions on its oil industry will damage market stability
GENEVA: US sanctions against Iran’s oil industry will damage the stability of global oil markets, a senior Iranian official was quoted as saying on Monday. “These sanctions are an example of America’s bullying reaction to the change of the balance of power in the world,” Amir Hossein Zamaninia, a deputy oil minister, said in a […]
Aviation industry may see short-term salary correction: Headhunters
MUMBAI: With the grounding of Jet Airways leaving tens of hundreds of trained staff up for grabs, there can be a short-term salary correction in the industry, as there are not enough jobs in the market due to the supply glut, say headhunters. Teetering for months, the full service airline Jet Airways was finally grounded […]
Jet Airways staff promise to secure ₹3,000 crore, seek SBI nod to bid
NEW DELHI: Sensing that the options to revive the grounded Jet Airways are fast running out, a group of airline employees has written to SBI seeking permission to allow a consortium of employees and external investors to bid for the company’s management control. The employee representatives have said they will secure an investment of up […]
SpiceJet plane veers off runway on landing; pilots suspended
MUMBAI: A Boeing 737 aircraft operated by low-cost carrier SpiceJet Monday overshot the runway while landing at the Shirdi airport, bringing the regional facility to a complete halt, airport director Dhiren Bhosale said. The incident took place at 1630 hours, the airline said, adding all the passengers and the crew are safe. The airline also […]
Singapore Airlines’ Scoot to stop flying to four cities, including Lucknow
SINGAPORE: Singapore Airlines group’s budget arm Scoot on Monday announced it will suspend services to four cities, including Lucknow, from June due to weak demand and a shortage of planes. The other cities include Kalibo in the Philippines, Quanzhou in south-east China and and Male in the Maldives. The last flights from Singapore will depart […]
Boeing CEO faces shareholders for first time since 737 MAX crashes
CHICAGO: Boeing Co Chief Executive Dennis Muilenburg said on Monday the company was making steady progress towards getting approval for new 737 MAX software as he faced shareholders for the first time since two fatal crashes triggered the jet’s grounding. Battling the biggest crisis of his tenure, Muilenburg was expected to try to bolster confidence […]
SpiceJet plane veers off runway on landing; pilots suspended
MUMBAI: A Boeing 737 aircraft operated by low-cost carrier SpiceJet on Monday overshot the runway while landing at the Shirdi airport, bringing the regional facility to a complete halt, airport director Dhiren Bhosale said. The incident took place at 1630 hours, the airline said, adding all the passengers and the crew are safe. The airline […]