LOGISTICS
AIRLINES
Private airlines fly into open skies, land in Colombo to create history
FOR the more than 100 passengers, the Air Sahara S2 541 late on Monday night from Chennai - was a flight with a difference. When the Boeing 737-800 cruised out of the Indian air space, flew over the Palk Strait into Sri Lankan air space, they ...
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Taking advantage of sixth freedom right — SriLankan mulls launching triangular flight
EVEN as the Indian private sector domestic airlines launch operations between India and the island State, SriLankan, the national airline of Sri Lanka, is not only planning to increase flights to India but is also examining the option of ...
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Air Sahara to acquire new aircraft for outbound flights
WITHIN hours of launching its international operations, Air Sahara on Tuesday announced that it was to acquire wide-bodied aircraft for its international operations within a month. Addressing a press conference in the Sri Lankan capital, the ...
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IA cuts fares on domestic leg of international flights
INDIAN Airlines has reduced economy class fares on the domestic leg of its international flights from April 1. The fares are applicable for travel only on specified domestic sectors for one year from the date of issue of the ticket. No ...
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SHIPPING
IOC proposal on chartering may have to wait till polls get over
INDIAN Oil Corporation (IOC) will have to wait till a new government is formed at the Centre after the General Elections to pursue its plans of chartering ships for crude oil imports directly without going through Transchart, the centralised ...
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STOCKS
Dipping freight rates sink shipping stocks
THE softening of the global freight rates, after they touched dizzy peaks in January and February, has triggered off sustained selling in shipping companies' stocks, resulting in their prices falling between 24 and 53 per cent. Stock prices of ...
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RAILWAYS
Rlys wants decision for tariff regulatory authority reviewed
RAIL Bhawan mandarins have finally decided that an independent tariff regulator is not needed for the sector as there is little scope for privatisation in the Railways. Accordingly, a Cabinet note is being prepared to reverse an earlier ...
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