Struggling Japan Airlines (JAL) has been offered a $1bn (£600m) financial lifeline from the Sky Team grouping of airlines, led by Delta Air Lines.Delta said the funds were being offered to JAL if it switched from its current membership of the One World Alliance, which includes American Airlines.The news comes as JAL is seeking a financial bail-out from the Japanese government, its fourth since 2001.Forming...
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Commercial and industrial consumers will have to look for alternative source of waterAt places like Hyderabad and Bangalore, treated water is used for various purposesNEW DELHI: Commercial and industrial consumers in the Capital in the years to come may not be able to use water supplied by the Delhi Jal Board for non-potable purposes. To take its water conservation drive further ahead, the Jal Board...
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TOKYO: Japan Airlines Corp said itwould apply for assistance from a state-backed corporate turnaround body,setting the stage for a large injection of public funds into the troubledairline.The government has been scrambling to secure financing andmap out a restructuring plan for JAL, which is headed for its fourth annual lossin five years, weighed down by $15 billion in debt and crippling legacycosts.JAL,...
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Capital’s citizens, who find themselves swamped by price rise, inflated power bills and the most recent increase in bus fares, have been spared a hike in water tariffs — at least for another few weeks. The Delhi Jal Board on Tuesday put off a decision on a proposal to increase water and service charges.At the 95th board meeting chaired by Chief Minister Sheila Dikshit, the Delhi Jal Board announced...
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Japan's transport minister declined to rule out a court-led bankruptcy for Japan Airlines (JAL), sending the struggling carrier's stock to a record low, even as US carriers lined up with offers of financial support.Delta Airlines said it and its partners in the SkyTeam alliance were ready to offer $1 billion in total aid, including a $500 million equity investment, in return for defecting from the...
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ward committee meeting of Allahabad Municipal Corporation was held onMonday. Civic problems in Allahpur, Matiyara Road, Alopibagh, Colonelganj,Daraganj and adjoining areas were discussed. AMC officials were alsopresent.Corporator Anu Ghildiyal said that proper co-ordinationshould be ensured between the different departments of Jal Sansthan, Jal Nigam,Bharat Sanchar Nigam Limited and Allahabad Municipal...
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Infrastructure company Pratibha Industries today said it has bagged an order worth Rs 294.30 crore from UP Jal Nigam....
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Municipal Corporation of Delhi councillors Vijay Prakash Pandey and Devender Mohan Katyal have been nominated members of the Delhi Jal Board as per provisions of the Delhi Water Board, 1998. Both the newly nominated members assumed charge on Wednesday, a Delhi Jal Board...
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Troubled Japan Airlines Corp said Thursday that it is turning to new, government-backed turnaround agency for a bail-out.The country's largest airline said it was in negotiations with the Enterprise Turnaround Initiative Corp to win access to private and public capital.On the same day, Transport Minister Seiji Maehara received a report from an advisory panel that said the survival of Japan Airlines,...
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TOKYO: Japan Airlines (JAL) announceda massive loss Friday and sought breathing space from its creditors as Asia'sbiggest carrier pleads for another public bailout to keep flying.The airline scrapped its forecasts for the rest of the year due touncertainty surrounding its turnaround efforts, which are expected to involvethousands of job cuts and drastic route reductions.JAL reported anet loss of 131.2...
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