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Old May 22nd, 2017, 04:00 AM   #13841
esma
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Internet on flights likely by Aug end

timesofindia.com
Internet on flights likely by August-end - Times of India

KOLKATA: Exim Bank (Export Import Bank of India) is planning to raise over Rs 10,000 crore in the current fiscal both from domestic and overseas markets.

"We are looking to borrow $3.5 billion from overseas markets and Rs 8,000 crore from domestic sources this financial year," Exim Bank's deputy managing director Debasish Mallick said.

He said $3.5 billion will be the gross forex borrowing and the bank will raise funds from euro bond market, which is called Reg S issue, and also from the US bond market under Regulation 144.

In the domestic market, Exim Bank raises funds mainly through private placements.

Mallick said now Indian entities with their better execution capabilities have the ability to make inroads into the tough Asian markets despite intense competition from the Chinese.

Exim Bank provides finances broadly in three segments - overseas investment finance scheme, project exports and lines of credit, which is government to government credit.

Apart from supporting export oriented companies, the bank provides financial assistance to Indian companies going for overseas acquisition or implementing projects outside India. It also supports airports and ports facilitating exports.


http://m.timesofindia.com/business/i...w/58780825.cms
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Old Yesterday, 04:18 PM   #13842
esma
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Jet airways announces 3rd non stop Mumbai London Heathrow flight from October

Private carrier Jet Airways today announced the introduction of its third daily non-stop service to London Heathrow from the city, starting October. The new flight will boost Jet’s passenger and cargo capacity between India and the United Kingdom by almost 33 per cent, the airline said in release here.

The service enhances onward connectivity over London Heathrow to North America with partners Delta Air Lines and Virgin Atlantic, it said. The airline said it will now offer improved connection time and 13 destinations over London to North America including Atlanta, Boston, Detroit, Los Angeles, Miami, Minneapolis, Newark, New York, Philadelphia, San Francisco, Seattle, Salt Lake City and Washington (Virginia).

“Jet Airways is delighted to offer a third non-stop service between Mumbai and London Heathrow. The new frequency will enable us to offer our guests seamless connectivity with partners Delta Air Lines and Virgin Atlantic over London with a single baggage drop and through check-in,” Jet Airways Chief Commercial Officer Jayaraj Shanmugam said.

According to the airline, the air travel between India and the UK has shown a steady annual growth of nearly 10 per cent over the last few years.

The new flight will boost Jet Airways’ passenger and cargo capacity between India and the United Kingdom by almost 33 percent, allowing the airline to capitalise on the growing round-the-year demand being witnessed from EU and non-EU countries to India and other emerging economies, the release said.

The service, to be operated by a Boeing 777-300ER, will also expand cargo capacity and promote greater access, right from India, SAARC and ASEAN region to London Heathrow facilitating carriage of commodities, it added.


http://www.financialexpress.com/indu...october/683930
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Old Yesterday, 05:06 PM   #13843
Wonderbank
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Quote:
Originally Posted by esma View Post
timesofindia.com
Internet on flights likely by August-end - Times of India

KOLKATA: Exim Bank (Export Import Bank of India) is planning to raise over Rs 10,000 crore in the current fiscal both from domestic and overseas markets.

"We are looking to borrow $3.5 billion from overseas markets and Rs 8,000 crore from domestic sources this financial year," Exim Bank's deputy managing director Debasish Mallick said.

He said $3.5 billion will be the gross forex borrowing and the bank will raise funds from euro bond market, which is called Reg S issue, and also from the US bond market under Regulation 144.

In the domestic market, Exim Bank raises funds mainly through private placements.

Mallick said now Indian entities with their better execution capabilities have the ability to make inroads into the tough Asian markets despite intense competition from the Chinese.

Exim Bank provides finances broadly in three segments - overseas investment finance scheme, project exports and lines of credit, which is government to government credit.

Apart from supporting export oriented companies, the bank provides financial assistance to Indian companies going for overseas acquisition or implementing projects outside India. It also supports airports and ports facilitating exports.


http://m.timesofindia.com/business/i...w/58780825.cms
Another TOI intern where the headline doesn't match the content.
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Old Yesterday, 07:34 PM   #13844
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Quote:
Originally Posted by Wonderbank View Post
Another TOI intern where the headline doesn't match the content.

Its not Intern's problem... It looks like a mistake of Esma while copying the content here to SSC..

The link opens to the content as following

Quote:
Internet on flights in India could soon be a reality. The Centre is likely to permit it by August-end.

"We're awaiting clearance from the Department of Telecommunications," said Lalit Gupta, joint DG, Directorate General of Civil Aviation. "International airlines are in talks with the aviation ministry. Currently, they have to switch off Wi-Fi in the Indian airspace (where inflight internet is banned on security grounds)." Gupta also said that Indian carriers like Jet Airways and SpiceJet are slated to take deliveries of the Wi-Fi-fitted Boeing 737 MAX by mid-2018.

About 70 airlines across the world offer inflight internet letting passengers email, livestream, use social media, download movies and even make calls. These include carriers that fly into India like Air France, Lufthansa, British Airways, Singapore Airlines, Emirates and Etihad.

In India, airlines like Jet Airways and Vistara offer a library of preloaded content downloadable onto electronic devices by linking to the aircraft's non-internet Wi-Fi. SpiceJet will give the facility by June-end. It must be understood that Wi-Fi is wireless local area networking.
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