The Hindu Business Line : Thursday, November 03, 2005

BA's London-Bangalore service takes off
BRITISH Airways has become the first international airline to directly connect London and Bangalore after its flight landed in Bangalore on October 31 for the first time. The airline now offers direct flights to Heathrow from five Indian ... More

Kerala submits budget airline report to Centre
THE detailed project report on the proposed international budget airline to be launched by the State Government has been submitted to the Centre for clearance. Announcing this at a press conference following a meeting of the State Cabinet on ... More

ATF bill for airlines may be down by Rs 3-4 cr
THE domestic airlines industry could see a reduction of Rs 3-4 crore in its aviation turbine fuel (ATF) bill for November due to the public sector oil companies cutting prices by close to two per cent. However, there is near unanimity among the ... More

Govt extends I-T exemption on leasing of aircraft by 6 months
THE Government has extended by six months the exemption on payment of income-tax on lease of aircraft or aircraft engines. An ordinance issued by the President, Mr A.P.J. Kalam, said that airlines that enter into an agreement before April 1 ... More

SHIPPING

Summons issued to shipping companies on service tax issue
THE Indian shipping industry's service tax woes do not appear to have ended. Just when it thought it had heard the last word on the issue after the Government issued a clarification in June, indicating that the services that Indian ships ... More

Growing from better fleet management
Analysts attribute this trend to better fleet distribution in the spot and long-term contract markets by the shipping companies. More

Vizag to be spruced up for Naval Fleet Review
THE Chief Minister, Dr Y.S. Rajasekhara Reddy, has directed officials to spruce up infrastructure facilities at Visakhapatnam in connection with the proposed three-day President's Naval Fleet Review scheduled to begin on February 12 next year. ... More

5 cos in fray for repair facility at Chennai port
FIVE companies have shown interest in developing a ship repair facility (floating dry dock) inside Chennai port on build, own and transfer (BOT) basis, according to Mr K. Suresh, Chairman, Chennai Port Trust (ChPT). About Rs 100 crore is likely ... More

ALLIANCES & JOINT VENTURES

Paramount signs deal with GE
PARAMOUNT Airways has signed a $12-million deal with GE Engineering Services for aircraft servicing. The main line checks will be done in Singapore. GE has also agreed in principle to send technical staff for onsite maintenance work in ... More

Ports

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