Archive for August 17th, 2006

Blue Dart shares rise beyond DHL’s offer price

August 17, 2006

The shares of Blue Dart Express Ltd surged on Wednesday beyond the price offered by its largest shareholder to buy out all outstanding stock, as investors expected an increase in the offer, brokers said. The shares rose to a day’s high of Rs 614, two days after DHL Express (Singapore) Pte Ltd, owner of 81.03 per cent stake, offered to buy out the balance at Rs 550 a share and get the company delisted.

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Indian launches last-minute discount tickets

August 17, 2006

Till the end of September, deciding to take a domestic flight at the last minute with Indian could actually work out to be a financially rewarding experience.

The airline recently launched spot fares that offer seats on flights till a few hours before takeoff at rates that are 65-70 per cent lower than the regular economy fares.

The reduced fares on offer are available from 22 airports including Chennai, Bangalore, Hyderabad, Thiruvananthapuram, Vizag, Madurai, Kochi, Delhi, Mumbai, Pune and Goa.

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More Gulf flights demanded

August 17, 2006

The Chief Minister, Mr V.S. Achuthanandan, has written to the Prime Minister seeking more flights in the Gulf sector in view of the busy Onam season. The Chief Minister has also asked for the withdrawal of fare increases ranging from Rs 2,500 to Rs 5,000 effected by the airline companies and restore them to the levels prevailing before August.

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Air-India to induct 12 aircraft on lease

August 17, 2006

National flag carrier Air-India is planning to induct 12 aircraft by lease. The airline will acquire nine aircraft through wet lease and another three via dry lease. 
 
This acquisition proposal comes at a time when Air-India, which has ordered 68 Boeing family aircraft for over $8 billion, plans to phase out some of aircraft from its fleet and many lease agreements are getting expired. 
 
Air-India Chairman and Managing Director Vasudevan Thulasidas said: “We are looking for aircraft as many lease agreements expire in next couple of months. We are also looking at new routes such as Mauritius.” 

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Sahara calls talks with Jet speculative

August 17, 2006

Sahara Group on Wednesday said it was “as of now” pre-occupied with strengthening its airline operations, while terming as speculative the reports on talks with Jet Airways, the estranged suitor of Air Sahara, for an out-of-court settlement.

“We find these reports as a mere speculation. The disputes between Sahara and Jet are sub-judice and we do not wish to comment on any speculation,” Sahara Group said in a statement. The statement from Sahara comes amid reports last week that the top brass of the two airlines were holding discussions to settle their differences out of court.

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Jobs, big salaries on offer for pilots

August 17, 2006

The Madras Flying Club (MFC) on Saturday organised a half-day seminar on job opportunities for pilots, the requirements, training period and its costs, and expected salaries.

“The flying profession currently in India is not only in great demand but paying too. What you need is a three dimensional view: correct perception, a science background, management skills and above all aptitude and discipline to become a good pilot,” said A. Ranganathan, a senior Boeing Training Commander.

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India Becoming an Aerospace Technology Sourcing Hub

August 17, 2006

With high growth in IT and aerospace technologies India is on the edge of world aerospace. Indian aerospace firms are internationally competitive and customer oriented.
    
Equipped with comparative advantage of cheap and skilled engineers, India is positioned to become a key-sourcing hub for global aerospace firms. The combination of its successful information and aerospace technologies has given India an edge over its aerospace industry. India has made its place in the global aerospace industry, making them internationally competitive and customer oriented.

The country’s opportunities in aerospace industry has started off a wave of aerospace engineering and design services to be outsourced to India. These off shoring areas are control system design, embedded development, high level aeronautical system design, simulation, testing devices, cockpit equipment support software, air traffic management systems, and composite structuring.

While India is set to become a major player, USA has also joined the race in global aerospace market. USA has tied up with India’s HCL Technologies to make a base for the flight test system of the Dream liner aircraft.

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India, Brazil, S. Africa Ties to Soar on Aerospace

August 17, 2006

An ambitious attempt to revive South-South economic cooperation around India, Brazil and South Africa (IBSA) is expected to receive a major fillip when the heads of state of these developing country majors meet in Brazil during the second week of September.

While the IBSA countries compete with one another in world markets and logistical constraints hamper expansion of trade, analysts believe there exists considerable opportunity for these three developing countries to technically collaborate with one another in specific high-vallue areas such as aerospace and atomic energy.

On Sep.13, when India’s Prime Minister Manmohan Singh meets his counterparts from Brazil and South Africa, an attempt would be made to thrash out a trilateral free trade area (FTA) agreement. The proposed agreement would not just be among the three countries but involve regional groupings, that is, SACU or the South African Customs Union (comprising South Africa, Botswana, Lesotho, Swaziland and Namibia) and MERCOSUR or Mercado Común del Sur (comprising Brazil, Argentina, Uruguay, Paraguay and Venezuela — with Bolivia expected to join in).

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PM gears up to face Parliament on US nuke deal

August 17, 2006

Prime Minister Manmohan Singh called upon the might of the nuclear establishment to help him prepare his defence of the Indo-US civil nuclear deal putting aside doubts of a set of scientists to deal with another day. A discussion in the Parliament on the deal is scheduled tomorrow.

Although Singh is likely to send a spirited message in favour of the deal, he will also remind lawmakers in India that what is being discussed right now is merely the enabling architecture for the elements of the deal, top sources said.

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Communists warn government over nuclear deal

August 17, 2006

Communists, who shore up the central coalition, could pull out of a key government coordination panel if New Delhi compromises on a nuclear deal with the United States, a top left leader said.

Sitaram Yechury, a senior figure in the Communist Party of India (Marxist) (CPI-M), said Prime Minister Manmohan Singh’s coalition would come under strong pressure if he was not more “transparent” about the landmark pact.

Although the CPI-M pulling out of the coordination panel — formed to build a policy consensus between the government and its coalition allies — would not threaten Singh’s government, it could hurt perceptions of its stability.

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