Daily Archives: November 15, 2008

Low cost airlines win back market share

After steadily loosing market-share, low cost carriers (LCCs) like IndiGo, SpiceJet, and Kingfisher Red (former Air Deccan), have clawed back from 41% during the July-September 2008 quarter, to 46.4% in October. Indian domestic passenger numbers and passenger numbers growthJanuary 2007 to October 2008 Source: Centre for Asia Pacific Aviation and Ministry of Civil Aviation While passenger number rose in October, …

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Air India doubles its bailout please to USD813 million

According to a Centre for Asia Pacific Aviation (CAPA) report, Air India has almost doubled its bailout request from the Indian Government, in the form of an equity injection and a soft loan (30:70 split), to USD 813 million from USD 467 million requested just two months ago. The amount is roughly equivalent to the revised expected losses for the …

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Endeavour takes off on a house keeping mission to ISS

The United States’ space shuttle Endeavour roared into the clear moonlit sky from the Kennedy Space Centre with a seven-member crew, carrying bedrooms and a bathroom, on a house keeping mission to repair and upgrade the International Space Station.Photo courtesy NASASpace shuttle Endeavour’s STS-126 flight will feature important repair work and prepare the International Space Station to house six crew …

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Victoria Beckham aka Posh Spice Stays Cool During Airport Mayhem

E!Online reports, crowds of photographers and fans went crazy for a glimpse of Victoria Beckham, aka Posh Spice, the former Spice Girl, after she landed at Los Angeles International Airport. When Posh arrived from Europe in her trench coat, sunglasses, hat and boots, all signs of civility vanished. The crowd of photographers and fans waiting for Posh became unmanageable. “The …

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Boeing and SPEEA Reach Tentative Agreement on New Contracts

The Boeing Company [NYSE: BA] just reached a tentative agreement with its engineering union, the Society of Professional Engineers in Aerospace (SPEEA). Hopefully, this will put to rest the labor woes that have been casting a shadow over the company since September. On November 1, Boeing settled a 54 day strike with its machinists union, that has had its impact …

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