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Kingfisher Airlines net declines 13% at Rs 418 cr
Vijay Mallya-controlled Kingfisher Airlines has reported a 13.4 per cent drop in its net loss at Rs 418.23 crore during the second quarter ended September 30, 2009 compared to a net loss of Rs 483.2 crore in the corresponding quarter last year. Its income from operations declined by 13.6 per cent to Rs 1,142.1 crore during the quarter compared to the same period a year ago.

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Railways mull new contract rules for eco-friendly toilets
Indian Railways’ ambitious plan to install ‘green’ toilets in all its 9,000 trains by 2011-12 have got postponed once again, with the process of tendering for procurement of biotoilets being scrapped last week. A revised tender agreement is likely to be approved by the Railway Board shortly.

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India to buy 10 C-17 heavy-lift aircraft from US

US defence major Boeing today said India was planning to buy 10 C-17 Globemaster heavy-lift aircraft and the US government has received a "Letter of Request" in this regard. - "The Boeing 787 actually benefits airlines" - If whirled up in Dubai"s crisis, Emirates may set a lower course - AI invites bids for leasing out three Boeing 777 - Air India readies schedule to reduce fleet - Mumbai airport operations to be hit every Tuesday - PM takes wings "Boeing is very pleased that the Indian government has expressed interest in acquiring the C-17 to modernise its airlift capabilities, and we look forward to working closely with them," Boeing Integrated Defense System"s India head Vivek Lall said here. Defence Ministry sources said the request to the US government for the acquisition of C-17 was sent last year. The IAF wants to procure the C-17 with a payload of around 75-80 tonnes, the only aircraft in this category, for augmenting its fleet of Russian IL-76 and An-32 transport aircraft. The aircraft can lift around 200 fully-geared troops and can be used for carrying armoured vehicles, artillery guns and medium-sized helicopters from one place to another. About the capabilities of the aircraft, Lall said the C-17 needs only 3,000 feet runway for take off and a very small crew to operate. In the last three-four years, India has placed orders worth over $3.2 billion for procuring eight P-8I maritime reconnaissance aircraft and six C-130J Super Hercules transport aircraft. The C-17 deal, expected to be worth over $2.5 billion, would be done through Pentagon"s Foreign Military Sales (FMS) route under which inter-governmental deal is signed for arms sales. The C-130Js were also procured through the same route.


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