Daily Archives: July 5, 2008

Tough days ahead for airlines: Boeing

5 Jul 2008, TNN NEW DELHI: As oil continues its relentless upward march, US aircraft major Boeing sees difficult days ahead for airlines. While hardly any airline has business model to cope up with fuel at these levels, this is the first time in history that the increase in oil prices is happening at a time when world economy is …

Read More »

Kingfisher may buy SpiceJet in cash deal

Vijay Mallya looks to fly away with SpiceJetNirbhay Kumar, ET Bureau NEW DELHI: Another round of consolidation in the domestic skies seems imminent with UB Group chairman Vijay Mallya engaging in talks with two major shareholders of SpiceJet to buy the budget carrier in an all-cash deal. According to industry sources, Mr Mallya is negotiating with Gulf-based fund Istithmar and …

Read More »