The winning bidders for Jet Airways in a state-run bankruptcy resolution process Dubai-based, Indian-origin businessman Murari Lal Jalan and Florian Fritsch, the chairman of London-based financial advisory and alternative asset manager Kalrock Capital Management - plan to start flights in the first three months of next year, Ankit Jalan, a representative for the consortium, said in an interview with Bloomberg News.
The group will invest around ₹1,500 crore via equity and debt in the airline over the next six months, half a year earlier than originally planned, Jalan, who is Murari Lal's nephew, said earlier this week.
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Pfizer and BioNTech launch trial of Omicron vax
PFIZER AND BIONTECH said on Tuesday they started a clinical trial to test a new version of their vaccine specifically designed to target the Covid-19 Omicron variant, which has eluded some of the protection provided by the original two-dose vaccine regimen.
‘Omicron will peak sometime in February, start dropping by March-April'
Chennai-headquartered Apollo Hospitals Group has already provided 8 million Covid19 vaccinations through its 200 centres across the country, launched Stay-i(quarantine facilities provided jointly with hotels) and ramped up healthcare initiatives. The group's president, Dr K Hariprasad, tells Rajesh Kurup that more variants of the virus are expected to emerge, but with less virulence than the initial strain. The increasing home healthcare and quarantine facilities have also provided a fillip to telemedicine, he added.
SC to hear on Friday plea by SpiceJet against Madras HC's winding up order
THE SUPREME COURT on Tuesday agreed to hear on Friday the Ajay Singh-owned SpiceJet's appeal against a Madras High Court order to wind up the company for nonpayment of unpaid dues to the tune of $24.01 million to Swiss stock corporation Credit Suisse AG.
Raise customs duty on aluminium scrap to 10% says AAI
AAl said the duty increase will encourage recycling of domestic scrap and restrict growing imports
Markets stage a smart recovery
IMF cuts India's growth forecast to 9% in FY22
THE INTERNATIONAL MONETARY Fund (IMF) has cut India's economic growth forecast to 9% for the current fiscal year ending March 31, joining a host of agencies which have downgraded their projections, on concerns over the impact of a spread of the new variant of coronavirus on business activity and mobility.
Hyundai Motor's profit in Q4 almost halves, misses estimates
Analysts warn that soaring prices of raw materials and logistical bottlenecks are likely to drive up costs in the current quarter
Banks seek relief from GST notices, special disputes mechanism
Asset Quality Improves: Axis Bank Net Profit Jumps Threefold To ₹3,614 Cr In Q3
Axis Bank on Monday reported an over three-fold jump in its net profit to ₹3,614 crore in the quarter ended December 2021 on strong growth in loans and improvement in asset quality.
Google Set To Open New Facility In Pune This Year
Google on Monday announced the opening of a new facility in Pune, Maharashtra. The new location is expected to be opened in the second half of this year.
BOEING AIRLINER SALES JUMP BUT DELIVERIES LAG RIVAL AIRBUS
Boeing finished 2021 far behind European rival Airbus in deliveries of new aircraft, but sales bounced back after two dismal years caused by the 737 Max crashes and the pandemic.
AIRBUS-BOEING DEAL EASES US EU TENSIONS BUT CONFLICTS REMAIN
The deal the United States and the European Union reached this week to end their long-running rift over subsidies to Boeing and Airbus will suspend billions in punitive tariffs.
CHINA CLEARS BOEING 737 MAX TO FLY AGAIN
China’s aviation regulator cleared the Boeing 737 Max on Thursday to return to flying with technical upgrades more than two years after the plane was grounded worldwide following two fatal crashes.
A Maximum Memorial
How Boeing’s missteps continued well past the Ethiopian Airlines flight that killed all 157 on board
Ghost at the Controls
Boeing insisted pilots didn’t need expensive training for the new 737 Max and wouldn’t have trouble diagnosing software errors midflight. Then Maxes started pointing themselves toward the Earth. Adapted from the new book Flying Blind: The 737 Max Tragedy and the Fall of Boeing, by Peter Robison
Are Boeing and Airbus Flying Into a Bubble?
They’re launching freighters just as competition from retrofitted jets and cargo space on passenger planes is heating up
Above and Beyond
Airlines elevate the premium travel experience in the air and on the ground.
SkyCourier Visits Oshkosh
Serial No. 1 makes its very big debut.
PANDEMIC HASN'T DIMMED BOEING'S ROSY PREDICTION FOR PLANES
Boeing said this week that the airline industry is showing signs of recovering from the pandemic, and it raised its bullish prediction about demand for airline and military planes and other aerospace products and services.
Boeing Astronaut Capsule Grounded For Months By Valve Issue
Boeing’s astronaut capsule is grounded for months and possibly even until next year because of a vexing valve problem.