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AIRLINES
Air India may post loss of more than Rs 2,000 cr
Air India, the new entity created by the merger of Air India and Indian, expects to post a loss of more than Rs 2,000 crore for the financial year 2008, according to highly placed sources. The rising cost of aviation turbine fuel (ATF), ... More

Airlines rationalising routes to ease high fuel charges
Mumbai, June 10 Airlines are now putting in place cost cutting measures to mitigate the rising Aviation Turbine Fuel (ATF) charges. Deccan and Jet Airways officials said on Tuesday that their airlines would be rationalising routes as a ... More

Jet’s daily services to Tirupati
Jet Airways has announced that it would be launching daily services to Tirupati and Rajahmundry with effect from June 15. These services would be operated by 62-seater ATR 72-500 aircraft. “The two flights will provide connectivity to the ... More

Jet, Etihad announce code share pact
Mumbai, June 10 Indian private sector carrier Jet Airways has announced a code share agreement and frequent flyer programme with Etihad Airways, the national airline of United Arab Emirates, effective from July 1, subject to regulatory ... More

SHIPPING
IDFC picks up 22% in Seaways Shipping
Chennai, June 10 IDFC PE-II, a venture fund of Infrastructure Development Finance Corporation, has picked up 22 per cent stake in the Seaways Shipping Ltd, for Rs 120 crore. According to people in the know, the funds are to be used for buying ... More

New Mangalore port handles record container traffic in a single voyage
New Mangalore port, which has been witnessing a steady growth in container traffic, has handled the highest number of 1,186 TEUs (twenty-foot equivalent units) of containers in a single voyage. Mr P. Tamilvanan, Chairman, New Mangalore ... More

FINANCIAL PERFORMANCE
ABG Q4 net at Rs 46 cr
Mumbai June 10 ABG Shipyard has posted a net profit of Rs. 46 core for the quarter ended March 31, 2008, against Rs 32.98 crore in the year-ago period.The company’s total income for the quarter was Rs 278.65 crore (Rs 195.97 ... More

HUMAN RESOURCES
Central Training can conduct exams for pilots
The pilot training capabilities of the Central Training Establishment (CTE) here have got a shot in the arm with the institute getting recognition as a Type Rating Training Organisation (TRTO).The TRTO status would mean that the CTE can ... More

RAILWAYS
Iron ore traffic: Rlys mulls relaxation of paper work for steel plants
Eligibility for rail freight as stipulated in a circular More

ROADWAYS
Minister seeks public help for better transport
Kochi, June 10 The State Transport Minister, Mr Mathew T. Thomas, has sought the co-operation of the public for joint concerted efforts to improve the working and quality of service of the State-owned KSRTC (Kerala State Road Transport ... More

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