The Hindu Business Line : Friday, January 20, 2006

Jet to fly higher on Sahara deal, but not without air pockets
IF everything goes well, Jet Airways' $500-million buyout of Air Sahara will, at a stroke, expand its fleet strength by 50 per cent, seats flown by 33 per cent, and ramp up its share of domestic passenger traffic to a dominant 50-per cent plus. ... More

Emirates' air links to boost tourism, trade in Thiruvananthapuram
EMIRATES' eight flights a week between Dubai and Thiruvananthapuram from February 1 will provide a major boost to the economic activity in Thiruvananthapuram. Also, Kerala's key industries, including leisure and medical tourism, and ... More

CIAL to go in for rights issue at par
A MEETING of the board of directors of Cochin International Airport Ltd (CIAL) has approved a proposal to raise the authorised capital limit from Rs 200 crore to Rs 400 crore subject to the approval from the Centre. The board of directors, ... More

Singapore Airlines keen on more flights to Chennai, Delhi
SINGAPORE Airlines, which operates 56 services a week out of India, would like to double the number of flights out of Chennai and Delhi, according to Mr B.K. Ong, General Manager, Singapore Airlines. The airline currently operates two flights out ... More

GoM to examine if PIOs can invest in domestic aviation
THE divisions within the Union Cabinet on allowing Persons of Indian Origin (PIO) to invest in the domestic aviation sector has prompted the Government to refer the matter to a Group of Ministers (GoM). Briefing newspersons after the Cabinet ... More

GoAir to start services to Baroda, Kochi, Pune, Indore
New services to beef up route strength to 14 cities Mumbai, Jan. 19 GOAIR, the low-cost carrier promoted by the Wadia Group, will launch ... More

INFRASTRUCTURE

Delhi, Mumbai airports upgrade: e-GoM decision on Jan 24
THE empowered Group of Ministers (e-GoM), looking into the modernisation of the Delhi and Mumbai airports, is to take a final view on the process on January 24. "The January 24 meeting will decide on who should be awarded the contract for ... More

SHIPPING

New Mangalore Port gets iron ore via train from Bellary region
IN the first trial run of a goods train to New Mangalore Port on the Hassan-Mangalore railway line, the port received one rake of iron ore cargo from the Bellary region. Sources said that a goods train brought 2,422 tonnes of iron ore fines to ... More

Restriction on loading iron ore wagons hits Haldia, Paradip ports
The restriction has been imposed temporarily in order to rush the mineral to the steel plants where stocks have dropped to a low level following non-availability of ore from the Orissa mines as a sequel to the Kalinga Nagar incident. More

Govt okays 2 port-based SEZs in Kochi port area
THE Union Ministry of Commerce and Industry has issued two separate notifications approving the setting up of port-based special economic zones at Vallarpadam and Puthuvypeen within the Cochin Port Trust area. With this, the port has achieved ... More

`Govt will examine Clemenceau and submit report to SC'
THE Government will examine the French ship Clemenceau, whose entry into Indian shores is being opposed by environmentalists, for presence of any toxic matter and submit a report to the Supreme Court, the Environment Minister, Mr A. Raja, said ... More

Czech firm Skoda set to participate in Nizampatnam port project
SKODA Export Company Ltd, a Prague-Czech based company, is set to participate in the development and construction of Nizampatnam Port city complex in Guntur district. According to a press release from the Chief Minister's Office, the Czech ... More

Road-river cruise from Vizag
VISAKHAPATNAM: The Andhra Pradesh Tourism Development Corporation is organising a road-river cruise every Saturday from here to Pattiseema, Polavaram, Papi Kondalu and Perantalapalli in the two Godavari districts. The first package tour ... More

MERGERS & ACQUISITIONS

Jet Air buys Sahara for $500 m in all-cash deal
ENDING weeks of speculation, Mr Naresh Goyal, Chairman of Jet Airways, today announced the acquisition of Air Sahara for $500 million (Rs 2,217 crore) in an all-cash deal. "We have valued Air Sahara at $500 million and we will buy 100 per cent ... More

The saga of a historic civil aviation deal
IT was something like what one saw in the movies. At around 6.30 Wednesday evening, a personal Boeing Business Jet (BBJ) belonging to Mr Subrata Roy of the Sahara Group took off from the Mumbai airport on a flight to Lucknow. On board was not Mr ... More

A sweet at the end of a 3-hour wait
MR Naresh Goyal's seventh-floor residence at Jupiter Apartments on Altamount Road in South Mumbai was the scene of much activity today, with presspersons and TV cameras on the ready to flash confirmation of a deal that had been in the making for ... More

INTERVIEW

Sahara not to be Jet Air's low-cost arm: Goyal
JET Airways has acquired Air Sahara for an estimated $500 million in an all-cash deal. The merger may be completed in 2-3 months time. The Chairman of Jet Airways, Mr Naresh Goyal, says that they are not planning to position Air Sahara as a ... More

ROADWAYS

Kerala State transport project second phase to be launched next month
THE Kerala State Transport Project, the World Bank aided project aimed at improving traffic flow and road safety on the State's primary road network, is all set to begin the second phase consisting of the upgrading of 327 km of high priority ... More

Ports

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