Indian aviation sector hit by financial trouble; domestic traffic at five-year low

Saturday, October 18, 2008

The Indian aviation sector looks set to shrink amid financial turmoil, with the nation’s air carriers in schemes to try and ride out the problems and domestic air traffic at a five year low.

Air traffic has fallen by 19% in September, the fourth month in a row of negative growth. The news comes as a joint result of the current financial crisis and high jet fuel prices, with Indian airlines in debt to the tune of Rs1,800 crore after surpassing their credit limits with oil companies, who are themselves making losses due to government controls on the price of jet fuel.

Kingfisher Red – originally known as Air Deccan, India’s first budget carrier, until Kingfisher Airlines bought the company out – suffered the biggest drop in passenger numbers at 20% of their load factor. Flag carrier Air India is running at 53% of capacity after a 10% fall, and the average for airlines is now 55% as opposed to 65% this time last year.

Kingfisher Airlines has decided to enter an alliance with Jet Airlines that will see them collectively control half the Indian aviation market. Both airlines are in debt over fuel payments with Jet owing Rs850 crore while Kingfisher refused to disclose the amount they needed to pay. The money is owed mainly to the Indian Oil Corporation, with the rest owed to the Hindustan Petroleum Corporation and the Bharat Petroleum Corporation. 45% of costs for Indian carriers is fuel, which is 70% more expensive than abroad due to multiple taxes.

Air India’s head Raghu Menon expressed concern about what the Kingfisher-Jet alliance meant for his own airline. “We were competing with both these airlines separately. Now we’ll be competing with them perhaps as one entity. It’ll be a challenge,” he said.

Kingfisher have cancelled an order for three A340 aircraft from European airframer Airbus. Airbus executive John Leahy said that Airbus had discussed the issue with Kingfisher before the choice was made and that this was the only cancellation from India. He also maintains that India will be an important area for Airbus, with the firm predicting Indian aviation growth will be at 9.7% compared to a global rate of 5.4%. Airbus predict that 1,000 new aircraft will increase the Indian fleet fivefold by 2026. Airbus have also welcomed the partnership between Jet and Kingfisher, saying it will help consolidate the carriers.

Airlines are cutting capacity to reduce costs, with around 20% gone already. Average flight movements are down to 8,000 a week compared to 10,500 in the period from April to June. The aviation industry in India is expected to post a collective loss of US$2 billion.

One executive at Boeing, Dinesh Keskar , predicted the downfall to be brief. “The current downturn in the sector is temporary and may not prolong for more than 6 to 9 months,” he said. Airlines, however, feel that the risk is very much immediate; Jet and Kingfisher are requesting a government bailout package worth Rs 40.7 billion. They are currently losing a combined US$1.3 billion.

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Trend Analysis Equity Guide Derivative Trading

Trend analysis – equity guide – Derivative trading

by

takemyview

Trend analysis & short term equity guide

[youtube]http://www.youtube.com/watch?v=krKGMtpw9nU[/youtube]

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Doing research on

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and posting comments on Nifty, bseindia stocks on forum and on web site http://www.takemyview.co.in

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Trend analysis – equity guide – Derivative trading

Wikinews Interviews Australian wheelchair basketball player Caitlin de Wit

Saturday, November 30, 2013

Thai-Japanese Bangkok Youth Center, Bangkok —Wikinews interviewed Caitlin de Wit, of the Australia women’s national wheelchair basketball team, known as the Gliders. The Gliders are in Bangkok, Thailand, for the Asia–Oceania Zone Wheelchair Basketball Championships, which are being held at the Thai-Japanese Bangkok Youth Center. Wikinews caught up with her on Tuesday, before the Gliders’ match against China.

((Wikinews)) Where were you born?

Caitlin de Wit: In Cape Town in South Africa.

((WN)) When did you come to Australia?

Caitlin de Wit: When I was six.

((WN)) And then you moved to whereabouts?

Caitlin de Wit: And I grew up on the Central Coast.

((WN)) A I believe you had a horse riding accident?

Caitlin de Wit: I had a horse riding accident in Wagga.

((WN)) What sort of horse riding were you doing?

Caitlin de Wit: I was just riding with friends. We were just like out on a ride.

((WN)) And you fell off.

Caitlin de Wit: Yeah.

((WN)) And you were at uni[versity] at the time?

Caitlin de Wit: Yeah, I was at uni in Wagga and that’s where I had my accident. And I went obviously to hospital for a little while and rehab and then I moved back to Wagga to finish my degree.

((WN)) What was the degree in?

Caitlin de Wit: Equine studies. Horses.

((WN)) And you played sport before then?

Caitlin de Wit: I ran a little bit, and I rode horses. They were my sports. And then in my first year of uni I started soccer. That was my first team sport that I played.

((WN)) So what made you take up basketball?

Caitlin de Wit: I suppose when I lefty hospital I was a bit bored. I wanted something to do. Keep me fit and occupied. So.

((WN)) So which team did you join?

Caitlin de Wit: I just joined the local Wagga team.

((WN)) There’s a local Wagga team?

Caitlin de Wit: Yeah, there was. I don’t know if its still there. And then I joined… and then Sarah Stewart saw me at a juniors’ camp. And I joined what was then the Hills Hornets in the women’s league.

((WN)) So you played with the Hills Hornets.

Caitlin de Wit: mmm hmm

((WN)) And when was that?

Caitlin de Wit: My first season was 2007.

((WN)) Did they win the championships that year?

Caitlin de Wit: Yeah.

((WN)) They won for a series of years straight…

Caitlin de Wit: They won straight up until 2011. We had one win as the Flames.

((WN)) And you joined the junior Australian women’s team?

Caitlin de Wit: Yeah, the under 25s.

((WN)) And where did you go with them?

Caitlin de Wit: We went to Canada for the under 25 World Championships.

((WN)) When was that?

Caitlin de Wit: 2011.

((WN)) And you’re still playing with the Flames in Sydney. And you played for the Gliders at the Osaka Cup?

Caitlin de Wit: Yep.

((WN)) And that was in January this year?

Caitlin de Wit: Yeah. February maybe? January-February?

((WN)) And that was your first trip overseas with the senior side

Caitlin de Wit: Yes.

((WN)) And now this is therefore your second trip with the Gliders?

Caitlin de Wit: Yes.

((WN)) Been overseas much before then?

Caitlin de Wit: Yeah. Been overseas a little bit. Not with basketball.

((WN)) Being from South Africa.

Caitlin de Wit: Yeah. My family traveled a little bit as a kid, so… yeah.

((WN)) Have you played anywhere overseas with any other teams?

Caitlin de Wit: No.

((WN)) So how are you enjoying it here in Bangkok?

Caitlin de Wit: Good. It’s been a really great experience.

((WN)) I keep worrying about whether they are going to blockade the airport when we need to get out of here.

Caitlin de Wit: Yeah, it should be fine.

((WN)) Okay, so enjoy it!

Caitlin de Wit: Yeah!
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Wikinews interviews Jeremy Hanke, editor of MicroFilmmaker Magazine

Friday, April 11, 2008

Wikinews held an exclusive interview with Jeremy Hanke, editor of MicroFilmmaker Magazine. The magazine, which is free to read online, was started as a resource for the low budget moviemaker and features book, independent film, equipment and software reviews as well as articles on film distribution, special effects and lighting.

He says that one of the goals of the magazine is to “connect low-budget filmmakers via a feeling of community, as many…..often compete so viciously against one another in film festivals for coveted “shots” with Hollywood, that they can quickly forget their similarities.”

When asked if films made on a shoestring budget can really compete with those made for millions of dollars, he replied, “no…yes…and absolutely. Allow me to explain.” And so he does in the interview below.

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When The Rising Cost Of Car Insurance Becomes A Pain In The Neck

By Nick Jervis

When the latest quotes for your car insurance hit the doormat you may need to sit down before you open them: motor insurance premiums have more than doubled since 1994 and, over the last year alone, fully comprehensive and third party insurance premiums have gone up 5.9%. Yet according to the Association of British Insurers the number of deaths on Britain’s roads are falling, so why aren’t your premiums?

The simple fact is that as casualties have fallen the cost of accidents is rising, and in the accidents that do occur there is a greater incidence of younger drivers being involved. Car design over the last decade has made our cars safer, with airbags, impact bars and specialist metals in the bodywork to reduce the crushing effect of a crash. The cost of repairing cars with these hi-tech safety features is much more expensive. Also a greater number of drivers and their passengers survive car crashes and therefore insurance claims for injuries sustained in accidents are on the increase. According to the AA, personal injury claims are rising at around 10% per year.

The most common of these injuries is whiplash or whiplash associated disorders (WAD). This usually occurs when a vehicle hits you from behind, though it can also happen if you are hit from the front or side. The impact throws the body forward which in turn throws the neck forward so it extends. As the driver brakes hard to stop the car moving this impetus is stopped suddenly and the neck snaps back at speed hitting the headrest. Inside the body this stretches and tears tendons, muscles and ligaments in the neck and surrounding area and may also damage nerves and other soft tissues.

[youtube]http://www.youtube.com/watch?v=NlEBFj6Q9HI[/youtube]

Symptoms vary enormously depending on the health and age of the person, the severity of impact and braking speed, and factors such as seatbelts, headrests and so on. The results of a whiplash injury develop within hours of an accident, include painful stiffness in the neck that goes up into the head and down into the shoulders, headache, nausea, pins and needles in the arms and hands, low back pain, dizziness, blurred vision and ringing in the ears. It can also cause problems with concentration, memory and general performance.

With problems like this, not only will you require medical treatment at the time but possibly over many weeks. You may be in a neck brace taking anti-inflammatory drugs and painkillers so unable to carry out your job. The time it takes for whiplash to heal varies from a few weeks to months or years. It can also cause ongoing health problems, potentially for the rest of your life.

The important thing is to get the appropriate medical treatment you need at the earliest opportunity. Ensure you make a careful note of how it has affected you, what treatment you have or will require and any impact it may have on your daily life and job. All valuable information needed in order to make a claim.

It seems somewhat ironic that with improved road safety and car design saving lives, that insurers are blaming the survivors of what once would have been fatal crashes for the increase in their insurance premiums. Why should these innocent victims bear the financial cost of paying for the treatment of injuries sustained in a crash and any loss of earnings this may have caused? The fact is that demand is rapidly in danger of outstripping supply. Insurance companies feel that premiums are no longer able to support the increasing number of claims for injuries sustained in road accidents. There are indications that increases are beginning to slow as a balance is reached. But in the meantime, whether you have been in an accident or not motor insurance premiums will be a real financial pain in the neck for drivers.

About the Author: We deal in a range of claims, including

personal injury claims

and compensation. Please visit http://www.1stclaims .co.uk for further information.

Source:

isnare.com

Permanent Link:

isnare.com/?aid=287376&ca=Legal

Western Australian economy at crisis point say builders

Saturday, June 7, 2008

Western Australian Master Builders Association (MBA) yesterday demanded the Carpenter Government call an emergency cabinet meeting to avoid a “state of emergency” over the energy crisis gripping WA. A MBA spokesperson said that hundreds of workers have already been stood down, many without pay, and that the cost of building material is soaring.

The Minister for Energy, Fran Logan has admitted that the gas shortage caused by Tuesday’s fire is damaging the economy as mining, manufacturing and construction industries wind back operations. Western Australia’s two major brick producing companies have shut operations and Wesbeam’s $A100 million Neerabup pine production facility has been closed, their 130 employees have been stood down.

Wesbeam chief executive James Malone said, “It’s an industrial tsunami in my view. It’s a little ripple that has very quickly had a huge multiplying effect on the whole community”.

Michael McLean, Master Building Association director said “It’s a worst-nightmare scenario, and not one we could have imagined in our wildest dreams,” building supplies are expected to start running out by the middle of next week.

Premier Carpenter has announced a meeting of ministers and industry representatives to take place on Sunday to discuss solutions to the growing crisis. Tim Wall, managing director of Apache Corporation has said Apache is conducting a worldwide search for the parts need to repair the pipeline.

Major mining companies and Apache partners BHP Billiton and Rio Tinto have already reported they are suffering with the loss of gas supply; the Chamber of Minerals and Energy has talked down the effect saying that they don’t expect the crisis to take the heat off the booming mining industry.

Opposition leader Troy Buswell has describe the performance of Fran Logan as “absolutely dismal” noting that Mr Logan had experienced a similar incident in January this year, when a fire at Woodsides Karratha operations had a similar effect.

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Category:Sunni Islam

This is the category for Sunni Islam.

Refresh this list to see the latest articles.

  • 28 December 2015: Boko Haram attack in Nigerian city kills at least fifteen
  • 16 September 2015: Kuwaiti court sentences seven to death for June mosque bombing
  • 4 September 2015: Dutch sergeant may have gone to Syria to join ISIS, says Dutch Defence Ministry
  • 27 May 2015: Pro-government forces in Iraq launch operation to reclaim Ramadi from Islamic State
  • 23 May 2015: Islamic State captures Syrian city of Palmyra
  • 21 March 2015: Suicide bombers attack mosques in Sanaa, Yemen
  • 11 September 2014: John Kerry visits Iraq to build regional support against Islamic State
  • 23 September 2013: Wikinews interviews specialists on China, Iran, Russia support for al-Assad
  • 27 August 2013: Iraq: Shootings, bombings kill dozens in Baghdad, Baquba, Qiyara, Madaen
  • 24 August 2013: Lebanon car bombings kill dozens outside mosques
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Cairo’s Al-Azhar University, a renowned centre of Sunni learning


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America’s Cup: seventh race postponed

Monday, July 2, 2007File:America’s Cup.jpg

The seventh race in the challenge for the 32nd America’s Cup has been postponed due to unfair and unstable race conditions. This race could have been the last and final race as Alinghi are currently on match point on four wins, while Team New Zealand are only on two wins in the best of nine competition.

At 12.30 a.m. (NZST) there was already speculation gathering that there could be a delay due to the wind being all over the place. The principal race officer also confirmed that there was a very real possibility that there would be a delay.

The delayed flag was flown at 12.55 a.m., five minutes before the yachting race was due to begin. This was due to unstable weather conditions, which could lead to an unfair race.

At 1.20 a.m., 20 minutes after the race was scheduled to start, there had still been no word from the race committee on a possible racing time. The wind speeds were around five knots near the starting line, but the wind direction still wasn’t stable and fair.

The wind speed was starting to get higher into more acceptable conditions with the wind at the start line around seven knots. But the wind direction was still unstable.

At 2.10 a.m., the principal race officer announced that there would be “no more racing today”. Tomorrow is a guaranteed rest day, so the next possible day for racing will be early Wednesday morning (NZST).

During this America’s Cup challenge and other previous ones, discussion has been raised that a new boat design is needed, as to make the race more interesting with faster boats and more takeovers throughout the race.

It was also Grant Dalton’s, managing director of Team New Zealand, 50th birthday.

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Considering Different Options For Deck Railing Design In Suffolk County Ny

byAlma Abell

The prospect of adding a deck to the back of the home is exciting, but it does involve making some decisions. Along with the square footage of the deck and the types of materials used for the platform, there is the matter of choosing the right Railing Design in Suffolk County NY. Here are some tips that will help. Defining the Purposes for the Railing When considering any type of Railing Design in Suffolk County NY, remember that it will need to provide two specific benefits.

[youtube]http://www.youtube.com/watch?v=G8zOZgBZOZg[/youtube]

The first has to do with safety. Simply put, the railing must provide a barrier that prevents anyone from falling over the edge of the deck. While providing a reasonable amount of protection, the railing must also add something to the look of the deck in general. This means it should be attractive as well as functional. Considering Different Materials There is more than one way to approach the issue of materials for deck railing. The home owner could make use of the same types of materials used for the deck flooring. That does help to help unify the overall look, and those materials would certainly be sturdy. Another way to go is to consider raining that is composed of metal.

Wrought iron railings can add a little texture and visual variety to the deck while still providing all the safety features desired. In addition, the sections of railing can be installed with relatively little effort. Getting Professional Advice With several choices available, it pays to get help from a professional. Ask a contractor to come out and take a look at the space set aside for the deck.

Discuss how the deck will be used and ask for ideas of what types of materials would work best, including choices for railing. It won’t be long before the home owner has several good suggestions to ponder. Keep in mind that the team at Libardi Island Landscaping can easily assess the needs and wants of the client and provide some ideas for the deck in general, and the railing in particular.

Once the decisions are made, the team can make sure that the construction of the deck and the installation of the railing go off without a hitch.

Nigerian victory marred by deaths in custody

Monday, August 3, 2009

Since declaring victory over the self styled “Black Taliban” last week, new accusations of extra-judicial killings and summary executions have been leveled against the Nigerian authorities.

The allegations centre around the death of the charismatic leader Mohammed Yusuf of the Boko Haram sect and an unconfirmed number of his followers. Yusuf was captured after five days of violence which saw the shelling of the sect’s compound in Maiduguri and an extensive manhunt.

New pictures have been revealed of Yusuf showing him shortly after his capture from a hole in the ground at a property owned by the family of one of his four wives. Shortly after the photograph was taken the bullet ridden body of Yusuf was shown to a television crew who had been expecting to interview him. The Nigerian authorities seemed initially intent on humiliating Yusuf and using his capture to cow his remaining followers, as other footage shows Yusuf pleading not to be harmed.

The death of Yusuf has been condemned by human rights activists and although extra-judicial killing has been denied, the official line being Yusuf died while trying to escape custody, his death has been described by Information Minister Dora Akunyili as being “good for Nigeria”.

Despite the Nigerian military initially claiming that under 400 have been killed, with the majority being militants killed when the sect’s compound was shelled, the Red Cross claim that at least 780 have been killed in Maiduguri alone.

The deaths come in the wake of attacks by the Boko Haram sect over the arrest of its leaders. Arrests that came after it was feared that the sect was planning an armed uprising in an attempt to impose Sharia law in a nation that is half Christian. The sect centered on its heartland Maiduguri, targeted police stations and security personnel with everything from machetes to poison arrows.

Boko Haram is a fundamentalist group opposed to the west and western education, it considers the majority of Muslims in Nigeria to have been contaminated by western education and that the only true Muslims in Nigeria as one who pray at Boko Haram mosques and who adhere to its teachings.

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