Daily Archives: April 20, 2012

127 feared dead as Bhoja Airlines Boeing 737 crashes near Islamabad Pakistan

All 127 people, 118 passengers and nine crew, on board a Bhoja Air flight are feared dead in a crash near the national capital of Islamabad in Pakistan. Bhoja flight B4-213 had departed from the commercial capital of Pakistan, Karachi. There was severe weather in the area of the crash. The aircraft last made contact around 18:20 local (13:20Z) and …

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Indian government approves airlines to borrow $1 billion overseas, but delays FDI

The government of India will allow aviation companies to borrow up to $1 billion (Rs. 5,100 crore) collectively and up to $300 million individually, from overseas, via the external commercial borrowings (ECB) route, as per a statement released by the finance ministry today. In his Budget speech last month, the Indian Finance Minister had announced that companies in the aviation …

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