| Foreign airlines may be allowed to invest in Indian carriers: Sources NDTV A Cabinet note - a copy of which has been accessed by NDTV - says that under the FDI proposal, foreign airlines will be allowed to invest in Indian peers, but can only hold up to a 49 per cent stake. Although a 49 per cent stake gives the investors ... See all stories on this topic » |
| Malindo: new airline in busy skies Financial Times (blog) At the launch of an Indonesian-Malaysian airline in Kuala Lumpur earlier this week, Najib Razak, the Malaysian prime minister, suggested the venture heralded a new era of co-operation between two neighbours more used to bickering. But while a ... See all stories on this topic » |
| Air India drops JRD's tradition, not to name the new Dreamliner Economic Times They called the move the "Indian Airline-ization" of Air India. "It does not cost them a single penny to name an aircraft," said a retired AI B747 commander said. "They have done this only to show the dominance of Indian Airlines officials in the ... See all stories on this topic » |
| Attack on Lankans proves costly for airlines Times of India TRICHY: After the recent attack on Sri Lankan pilgrims in Thanjavur, the load factor in flights from Colombo has drastically reduced. At a time when Sri Lanka was planning to increase its services to Colombo by three more flights in its winter schedule ... See all stories on this topic » |
| Airlines may soon have to operate flights to smaller cities mandatorily Financial Express New Delhi: In an attempt to increase regional connectivity, the civil aviation ministry is working on a proposal to make it mandatory for airlines to deploy small aircraft to smaller cities. The proposals, currently in the works, include making ... See all stories on this topic » |
| 18 workers at JFK Airport charged in theft ring of airline mini-bottles of alcohol CNN Eighteen workers at New York's JFK Airport were arrested on Wednesday and accused of stealing more than 100,000 mini-bottles of alcohol from LSG Sky Chefs, which provides food and beverages for American Airlines. The arrests capped off a nine-month ... See all stories on this topic » |
| SpiceJet in talks with a Gulf airline for investment Economic Times DUBAI: SpiceJet has held "preliminary discussions" with a Gulf airline for potential investment in the Indian budget carrier, a news report has said. "There have been preliminary discussions to check in principle whether there is interest on both sides ... See all stories on this topic » |
| Singapore Airlines inks agreement with Panasonic Avionics for in-flight ... TravelBizMonitor Singapore Airlines has signed an agreement with Panasonic Avionics for advanced in-flight entertainment and communications (IFEC) systems for more than 40 new aircraft on firm order with Airbus and Boeing. The agreement is valued at nearly USD 400 ... See all stories on this topic » |
Thursday, 13 September 2012
18 workers at JFK Airport charged in theft ring of airline mini-bottles of alcohol
IT shops embrace workload automation tools for cloud computing
IT shops embrace workload automation tools for cloud computing
TechTarget
So, I'm going to be able to provision my servers automatically, provision my blades automatically, get my network resources set up.... And at that point, [companies] usually make the jump to the cloud. Many cloud providers have standardized a lot of ...
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| London's Tech City to get high-speed Internet and secure cloud services for ... The Next Web This means that not only businesses working in technology be able to use the toolsthey need to create and grow business, but also elements such as office space to rent and of course places to live need to be accessibly-priced to encourage a stable ... See all stories on this topic » |
| Avoid moving from a dumb pipe to a dumb cloud IDG News Service With these new tools, the cloud provides a significant opportunity for small and midsize organizations with data centers less than 1,000 square feet by collapsing their servers and storage into the cloud. The new network to the cloud will change their ... See all stories on this topic » |
New Tools to Identify and Protect Against Cloud Computing Problems
New Tools to Identify and Protect Against Cloud Computing Problems Overclockers Club This new tool is a very light program, taking less than 1% of a CPU's maximum load and using only 16 MB of memory, that monitors system level information for any deviations from the norm. If a virtual machine sees a sudden change in CPU, memory ... See all stories on this topic » |
| Increased Internet access aims at closing rural-urban education gap Global Times This semester, she is teaching at her hometown elementary school with the aid of the Internet and multimedia facilities, tools she first used only after she had become a college student. Xujiadu Primary School, where she works, is one of the ... See all stories on this topic » |
| Casual Collaboration Sweetened by Ribose Einnews Portugal The new web platform, www.ribose.com, brings together an unmatched collection of tools, applications and widgets that harness the real-time, social and cloud-based flexibility of today'sinternet to help streamline, organize and plan anything from a ... See all stories on this topic » |
| Free Antivirus Tools Continue to Gain Steam NetworkComputing.com In a time when many security analysts are warning enterprises to supplement antivirus (AV) products overburdened by today's advanced malware attacks with additional application controls, free toolscontinue to gain market share. According to a new ... See all stories on this topic » |
Canada's aviation industry sold out by government
Isn't it amazing that a jet interceptor developed in Canada 55 years ago is still relevant now?
Can you imagine how advanced the Avro Arrow was at that time and where Canada's aero industry would be now if not for the Conservative government of the day selling out?
The basics and the platform could be used to develop a plane that would be as good or better than the Lockheed Martin F-35.
The estimates, although not verified yet, indicate it would be cheaper, better and more suited to Canada's needs than the Lockheed Martin F-35 our Canadian government is going to waste billions of dollars purchasing from the United States.
Canada's aviation industry sold out by government
Vancouver Sun
The estimates, although not verified yet, indicate it would be cheaper, better and more suited toCanada's needs than the Lockheed Martin F-35 our Canadian government is going to waste billions of dollars purchasing from the United States. Lloyd Creech ...
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American Airlines Pilots Feel Painful Cuts
The airline started imposing new terms Wednesday night
American Airlines pilots are feeling the painful cuts promised by the company in the on-going bankruptcy battle.
The airline started imposing new terms Wednesday night.
The pilots knew the cuts would be come, but weren’t sure how soon it would happen. The AA pilots are the only work group that hasn’t reached a new contract agreement with the airline. AA just approved deals with flight attendants and transport workers on Wednesday.
The judge gave American permission last week to throw out the pilots' old contract and impose its own working terms after pilots rejected a company offer.
The company warned it would begin implementing deep cuts on pilots. AA announced it will reduce retirement benefits and ease restrictions on outsourcing of flying to other airlines as it attempts a turnaround under bankruptcy protection.
The judge gave AA permission last week to throw out the pilots' old contract and impose its own working terms after pilots rejected a company offer.
American hopes to cut annual labor spending by about $1 billion with the changes.
After canceling the pilots' contract, the company said it plans to relax limits this month on revenue-sharing deals with other airlines -- so-called code-sharing. The move is designed to boost revenue without adding flights. American will also gain more flexibility to shift flying to regional airlines.
Earlier Wednesday, AA announced a four-year deal to outsource some of its regional flying to SkyWest Inc. SkyWest will handle some flying currently performed by American Eagle, American's regional affiliate, in Los Angeles and Dallas.
American will increase the maximum work hours for pilots starting in November. And it will freeze the pilots' defined-benefit pension plan while terminating a supplemental retirement plan in November.
The new contracts ratified by other workers will let American reduce jobs for flight attendants and ground workers and close a maintenance hub in Fort Worth. Pensions for workers other than pilots will be frozen but not terminated, and they will instead get an improved profit-sharing plan. Retiree health benefits for current employees will be reduced.
Thomas Horton, the CEO of parent AMR Corp., said he still hopes for a voluntary agreement with pilots but that the company needed to begin making "changes that are necessary for our restructuring." Horton said in a letter to employees that other airlines used bankruptcy to get stronger and cut costs, and that American is becoming more competitive by renegotiating leases and labor contracts.
The pilots say they’re willing to talk, “We have to have a contract in place in order to successfully emerge out of bankruptcy, so at some point we have to sit down with the corporation and hash this thing out. But at this point they simply have not invited us back to the bargaining table,”; says Tom Hoban of the Allied Pilots Association.
In the meantime, pilots are threatening a strike. The ballots are out right now for members to vote whether to strike. The airlines says a strike is illegal, while the company is going through the bankruptcy process.
AMR and American filed for bankruptcy protection in November 2011. U.S. Airways Group Inc. is trying to force a merger, but AMR has resisted overtures from its smaller rival.
American Airlines returns to court on Tuesday in a contentious fight to throw out its contract with pilots and impose cuts -- a move the pilots say would be "professional Armageddon" but the airline argues is necessary to return to profitability.
The hearing, in U.S. bankruptcy court in New York, comes after the airline struck concessionary deals with its two other major labor groups, which represent flight attendants and ground workers.
If Judge Sean Lane rejects the pilots' contract, American said it would impose cuts already outlined in a "term sheet," a detailed list of proposals that pilots rejected.
"We will begin to implement the terms from the term sheet that will enable us to achieve our necessary cost savings and continue moving forward toward a successful restructuring," AA spokesman Bruce Hicks said in a written statement.
The Allied Pilots Association said the cuts would be deep, increasing the number of hours pilots work and stopping some retirement benefits, leading to fewer jobs and the slashing of other benefits.
"It's professional Armageddon and doesn't bode well for mending the relationship with this management team going forward," said APA spokesman Tom Hoban.
Two weeks ago, Lane ruled American had shown that significant changes were needed in its labor contracts but declined to scrap the pilots' deal, saying the airline had overreached on the issues of furloughs and outsourcing.
Hicks said American has now addressed the judge's concerns, leaving the current contract terms in place on furloughs and proposing less code-sharing -- deals with other airlines that essentially outsource jobs.
Fort Worth-based American is asking the judge to limit Tuesday's hearing to those two issues.
Meanwhile, American continues talking with Tempe, Ariz.-based US Airways about a possible merger.
Pilots say they would fare better if US Airways were to take over American.
"We have an agreement with US Air. We have since April," Hoban said. "U.S. Airways wants to run an airline."
In the next few months, US Airways is expected to present its own reorganization plan of how a combined airline would benefit employees, customers and creditors.
On Friday, British Airways confirmed it also had signed a non-disclosure agreement to engage in merger talks with American, but those negotiations may be complicated by a law restricting foreigners from owning more than 25 percent of a U.S. airline.
Tuesday's hearing is expected to last just several hours. The judge would most likely announce his decision in the following few days.
Dallas attorney Mark Ralston, a bankruptcy expert, said he expects American to win.
"I think the judge is going to accept the modifications and reject the agreement," he said.
Ralston noted that the imposed cuts would be temporary and the airline and the pilots will ultimately have to negotiate a new contract, a process complicated by the tense relationship between both sides.
"Let's face it -- American and its labor have had a contentious relationship for a long time," he said.
Leaders of the pilots' union are making preparations to call a strike vote if the airline implements cuts but acknowledge it would be difficult to strike while the company remains in bankrupcty.
AA to cut 839 Tulsa shop jobs Avionics Intelligence American executives said the company must cut 10,400 jobs and reduce labor costs by $1.06 billion a year to emerge from bankruptcy and compete successfully in the airline industry. Among additional cost-saving measures, American proposes to outsource ... See all stories on this topic » |
| AMR Wins Court Approval of Cost-Cutting Labor Contracts Bloomberg Excluding any cuts involving pilots, American has won concessions from unions that will shrink the number of job cuts, to 7,625 from a planned 10,975. Savings from unions will be as much as $900 million a year and as much as $1.1 billion when nonunion ... See all stories on this topic » |
| American Airlines Pilots Feel Painful Cuts NBC 5 Dallas-Fort Worth American Airlines pilots are feeling the painful cuts promised by the company in the on-going bankruptcy battle. The airline started imposing new terms Wednesday night. The pilots knew thecuts would be come, but weren't sure how soon it would happen. See all stories on this topic » | |
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SriLankan Flagship Airlines explores viability of Vizag operations
They are likely to start by flying a 120-seater airfraft
In view of a large number of Sri Lankan employees working in Brandix and the opening up of the airport to international flights, a team of officials of Sri Lankan Airlines visited Vizag on Tuesday to explore the possibility of flying out of here.
Regional Manager of Indian Sub-Continent of Sri Lankan Airlines Lalith de Silva and Revenue Optimisation Manager of the airlines Dinesh Pathirana went around the city interacting with leading tour operators and persons from the hospitality industry.
Visibly impressed by the view of the hills and the sea, the regional manager felt that this could be a good tourist destination to promote. As there are no direct international flights from the city, it is difficult to get the actual data of how many travellers are heading to international destinations, Dinesh Pathirana said.
Tour operators
He was keen to gather information from the tour operators on the tickets they were issuing and group tours they were organising to international destinations.
The Brandix India Apparel City flies special cargo flights from the city and it also has a large number of Sri Lankan employees, director of Vihar Hospitality Mantri Seshagiri told the team during an interaction.
Also there are food processing units and pharma companies in the region which fly their cargo to international destinations, another director of Vihar Hospitality L. Kiran Kumar said. The team felt they could start their operations by flying the 120 seater aircraft as 60-70 per cent occupancy was sufficient to make it viable.
The airlines is likely to use the smaller aircraft of its subsidiary Air Lanka for its flights to the port city.
| Indian shares hit 7-mth closing high; airlines jump on FDI hopes Reuters India BSE rises 0.82 pct, NSE gains 0.76 pct * Potential airline measures cement reform hopes * Fed meeting outcome on Thursday seen key By Abhishek Vishnoi MUMBAI, Sept 12 (Reuters) - India's BSE index rose for a sixth consecutive session to close at its ... See all stories on this topic » | ||
| Airports, airline spar over funding self check-in kiosks Times of India NEW DELHI: In yet another indicator of the frail financial health of Indian aviation, airlines and airports are currently engaged in a debate over who should pay for installing self check-in kiosks at airports. The "who's poorer" argument broke out ... See all stories on this topic » | ||
| Frontier is latest airline to sidestep online travel agencies with direct ... Washington Post Frontier Airlines is the latest carrier to jump into the fight, announcing Wednesday that it will penalize passengers who don't book directly with the airline. Those fliers won't be able to get seat assignments until check-in. And they'll pay more in ... See all stories on this topic » | ||
| Consumer forum asks airlines to pay for deficient service Daily News & Analysis The Consumer Education Research Society (CERS) came to the rescue of a passenger who had to pay from his own pocket due to the alleged deficient service of SpiceJet Airlines. According to a release by CERS, SpiceJet refused to compensate for the stay ... See all stories on this topic » | ||
| Civil Aviation Minister Ajit Singh hopeful of FDI in sector Economic Times Shares in Indian airlines, including SpiceJet, rose early on Wednesday after a newspaper report said the government is preparing measures to potentially allow foreign investment in the sector. Under the current rules, foreign airlines are barred from ... See all stories on this topic » | ||
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| SkyWest signs on with American Airlines to operate American Eagle flights Dallas Morning News (blog) As expected, SkyWest will begin operating as an American Eagle carrier this fall out of Los Angeles International Airport and Dallas/Fort Worth International Airport. SkyWest announced Wednesday that it has signed a four-year “capacity purchase ... See all stories on this topic » | ||
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| Problems dogging new high-tech air traffic system Businessweek Lacking return on their investment, airlines are reluctant to continue making the multibillion-dollar equipment upgrades needed for the new system to work. After years of delays and cost overruns, the FAA has improved its handling of the modernization ... See all stories on this topic » | ||
| Airlines Sometimes Share the Blame for Slow TSA Screening Processes, Deputy ... HSToday The airline industry shares some of the blame for sometime slow processes in airport screening, the deputy administrator of the Transportation Security Administration (TSA) told a House panel Tuesday. Long security checkpoint lines at specific US ... See all stories on this topic » |
SBI Mutual Fund inks marketing pact with Ratnakar Bank
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| Mutual funds lose 4.6 lakh equity folio in August Business Standard A day after industry body Association of Mutual Funds in India (Amfi) in its latest monthly data showed higher redemptions from equity schemes at Rs 2,300 crore, statistics released by the capital markets regulator Securities and Exchange Board of ... See all stories on this topic » | ||
| Mutual fund industry's AUM crosses Rs 7.5 trillion, says Crisil Economic Times As per the latest numbers released by the Reserve Bank of India (RBI), banks' investments inmutual funds have increased from Rs 481 billion as on July 27 to Rs 510 billion as on August 24. Income funds, on the other hand, saw inflows of Rs 75 billion ... See all stories on this topic » | ||
| SBI Mutual Fund inks marketing pact with Ratnakar Bank Hindu Business Line Mr. D.P Singh, National Head Sales and Distribution, SBI Mutual Fund said, “We are constantly enhancing our distribution by reaching to new customers in varied geography and our tie-up with Ratnakar Bank is a testimony. Uncertainty in Equity markets ... See all stories on this topic » | ||
| Cut in FD rates will not lead to capital flight Moneycontrol.com Lowering interest rates on fixed deposits will not necessarily lead to a flight of capital from banks to other asset classes like mutual funds and gold, feels Shiva Kumar, the MD of the State Bank of Bikaner and Jaipur (SBBJ). That is because people ... See all stories on this topic » | ||
| Bond funds see least inflows in five weeks-ICI Reuters By Sam Forgione NEW YORK, Sept 12 (Reuters) - Investors in U.S.-based mutual funds continued to favor bonds over stocks in the latest week as they awaited hints from central bankers on additional economic stimulus measures, data from the Investment ... See all stories on this topic » | ||
| Top 5 Best Performing Technology Mutual Funds Year to Date - Best Performing ... NASDAQ Investors seeking long-term aggressive holdings need not look beyond mutual funds betting on the technology sector. Even though such funds experience relatively higher levels of volatility, they tend to outperform other categories when markets as a ... See all stories on this topic » | ||
| Tata Floating Rate Fund-Long Term declares dividend Moneycontrol.com Wed, Sep 12, 2012 at 15:51. Tata Floating Rate Fund-Long Term declares dividend. Tata Mutual Fund has declared dividend under dividend option of Tata Floating Rate Fund - Long Term Plan. Source: Moneycontrol.com. Share · Tweet · Share on Tumblr ... See all stories on this topic » |
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