(PTI): China Eastern Airlines says it has signed a deal with Airbus to buy 20 A320 aircraft for delivery between 2011 and 2013, despite drastic cost-cutting plans. In a statement released by the company, there was no indication how much it would pay for the aircraft, but said it was less than the list price [...]
China Eastern Airlines signs a deal with Airbus to buy 20 A320 aircraft
Published in June 19th, 2009
Posted by The Business Time in Business
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Chrysler to restart production of making cars
Published in June 19th, 2009
Posted by The Business Time in Business
(PTI): US carmaker Chrysler will restart production at seven of eleven assembly lines in June for the first time since the company filed for bankruptcy two months ago. The new Chrysler Group, formed last week in partnership with Fiat SpA has bought most of the bankrupt assets and assumed about 52,000 employees in
“We will launch 10 projects this summer to create 600,000 jobs” Obama
Published in June 9th, 2009
Posted by The Business Time in Business
(PTI): The Obama administration says it will use the hefty USD 787-billion stimulus package to launch 10 projects this summer to save or create 600,000 jobs. The good news is expected to be released on Monday while reports by the US Labor Department put the unemployment rate at 9.4 percent
“US helped the armed separatist to carry out terror activities in Iran”: Jundullah leader’s brother
Published in June 9th, 2009
Posted by The Business Time in World
(PTI): Revelations by the brother of Jundullah leader Abdolmalek Rigi confirm reports that the US helped the armed separatist ring carry out terror activities in Iran. In a recent interview conducted prior to his execution, Abdulhamid Rigi told Press TV that since 2005, his brother had repeatedly met with US agents in Islamabad and Karachi [...]
Air France pilots warned about A330
Published in June 8th, 2009
Posted by The Business Time in World
(PTI): A French union has called on Air France pilots to refrain from flying amid fresh reports on the number of fatalities found from the doomed flight 447. An unnamed authority with the Alter union said on Monday that there exists a “strong presumption” amongst aviators that a glitch in the craft’s external speed device, [...]
India suspends arms trade with Israel over corruption & bribery allegations
Published in June 8th, 2009
(PTI): New Delhi has suspended all arms trade with Tel Aviv after blacklisting Israel Military Industries (IMI) over corruption allegations. The Indian government says the contracts were halted for alleged ‘illicit trading and bribery’. Arms deals with six other companies –from Poland, Singapore as well
