Daily Archives: February 20, 2012

Kingfisher Airlines blames crisis on income tax department for seizing its bank accounts

In a statement to clarifying the on-going crisis, Kingfisher Airlines has virtually blamed the Income Tax department of India for seizing the airline’s bank accounts. Since the airline has never made a profit since commencement, the airline would not be past due on income tax. What it could be past due on, is, Tax Deduction at Source (TDS). Tax Information …

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Video: Airbus tests the Rolls Royce Trent XWB engine destined for A350XWB

The engine for Airbus’ new A350 XWB jetliner made its successful maiden flight on 18 February, 2012. Installed on the A380 flying testbed aircraft, the Rolls-Royce Trent XWB powerplant was tested for performance and fuel efficiency during an airborne evaluation that lasted more than five hours. Click on the picture below for a high-resolution view.

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