The Hindu Business Line : Thursday, May 05, 2005

SpiceJet plans to raise $90 m
SPICEJET Ltd, formerly Royal Airways Ltd, plans to raise up to $90 million from foreign currency convertible bonds (FCCBs) to fund its fleet expansion and roll-out plans. The details of the FCCB issue will be finalised at an EGM in June. On ... More

AIRLINES

`Common Man' to endorse Air Deccan
INDIA'S low cost airline Air Deccan said on Wednesday that it will sell some of its tickets at Re 1 and named renowned cartoonist R.K. Laxman's `Mr Citizen' as the brand ambassador of the airline. "The vision of Mr Laxman and that of the ... More

Air Deccan expects Rs 1,000-cr revenue
AIR Deccan expects to post revenues of Rs 1,000 crore for the current fiscal though revenue for the last fiscal has fallen short of its target but has managed to notch up marginal profit. An official of the airline told Business Line ... More

Cargo traffic link from Coimbatore established
`Doors open for more global air freighters to tap potential'
THE exporting community in this part of the country heaved a sigh of relief when the first dedicated AirLanka cargo freighter took off this morning. "A beginning has been made towards establishing the cargo (air) traffic connectivity. This ... More

Panel for more copter flight instructors in DGCA
THE five-member Kaushik Committee, which was set up to review training procedures for helicopter pilots, has called for appointment of more helicopter flight instructors in the Directorate-General Civil Aviation (DGCA) to improve the proficiency ... More

AI to benefit more from acquisition: Boeing
AIR India (AI) would gain greater financial benefits from its planned 50 Boeing aircraft acquisition than what was being offered by the European aircraft manufacturer, Airbus Industrie. "The cumulative operating profit per year for AI with a ... More

Kingfisher gets DGCA permit
THE passage has been cleared for the UB Group promoted Kingfisher Airlines to take to the skies with the Directorate General of Civil Aviation (DGCA) issuing its Air Operators Permit and giving its nod for its schedule here on ... More

INFRASTRUCTURE

DLF group to pick up stake in Bharti-Changi consortium
THE DLF group is to pick up an equity stake in the Bharti-Changi consortium that is participating in the on-going reconstruction and modernisation process of the Delhi airport, the Chairman and Managing Director, Bharti Enterprise, Mr Sunil ... More

SHIPPING

JNPT's channel deepening project — Finance Ministry rejects proposal for Govt equity participation
The sources said while the Finance Ministry had turned down the proposal, it has however given a cushion to the port to take up the project in the form of re-scheduling the repayment period. More

Kandla Port on expansion drive
KANDLA Port, which has 11 operational cargo berths, has embarked on a major expansion drive and plans to add nine berths over five years. While the port is in the process of building the 12th berth, its board has approved the construction of ... More

ABG Heavy Engg to operate Kandla container terminal
ABG Heavy Engineering has been awarded the mandate to develop and operate a Rs 200-crore container terminal at Kandla port. The board of the Kandla Port Trust approved the ABG group's bid of 48.997 per cent revenue share from the operations, ... More

SUPPLY CHAIN MANAGEMENT

XPS to team up with Russian major
XPS, the express cargo company from the TCI stable, would join hands with a Russian logistics major to offer inbound and outbound services to its clients. "We hope to complete the deal in a month," Mr Chander Agarwal, Director (Global) of XPS, ... More

Ships in Ports

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