| Greece recession to enter 6th year, budget shows San Jose Mercury News ATHENS, Greece—Greece's draft budget submitted to Parliament on Monday shows the country is set for a sixth year of recession, with its economy predicted to contract by 3.8 percent in 2013. This year's recession is expected to see the economy shrink ... See all stories on this topic » | ||
| Eurozone Manufacturing Data Indicates Region Has 'Fallen Back Into A New ... Huffington Post LONDON, Oct 1 (Reuters) - Euro zone manufacturing put in its worst performance in the three months to September since the depths of the Great Recession, with factories hit by falling demand despite cutting prices, a business survey showed on Monday ... See all stories on this topic » | ||
| JOHN HUSSMAN: We Are Already In Recession, And The Economists Just Don't ... Business Insider In his latest weekly letter, investor John Hussman reiterates his belief that we are already inrecession. In regard to a U.S. recession, keep in mind that the consensus of economic forecasters – not to mention central bankers - has never recognized ... See all stories on this topic » | ||
| Wall Street Traders To Clients: It's Time To Start Preparing For An Obama Victory Huffington Post 1 and start pulling the country into another recession. The higher taxes and lower spending would total $600 billion. They take effect automatically unless Congress and the White House reach a deal before then. If he's re-elected, Obama will still face ... See all stories on this topic » | ||
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| Euro-Region Unemployment Rate Rises to Record 11.4% on Crisis San Francisco Chronicle Oct. 1 (Bloomberg) -- The unemployment rate in the euro area reached the highest on record as the festering debt crisis pushed the economy toward a recession, prompting companies to cut jobs. Unemployment in the economy of the 17 nations using the ... See all stories on this topic » | ||
| Euro Outlook Weighed By Deepening Recession- Fitch Strikes Down Pound Business Insider As the debt crisis continues to raise the threat for a prolonged recession, European Central Bank board member Joerg Asmussen warned 'there could be additional need for external financing' in Greece, while there's talk that the periphery country may ... See all stories on this topic » | ||
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| Emerging Europe Growth Faces Euro-Zone Pressure Wall Street Journal Europe's emerging economies have stood up to the euro-zone financial crisis, but may face increasing pressure as the currency bloc appears to fall into recession. Purchasing managers' data for September published Monday showed manufacturing grew in ... See all stories on this topic » | ||
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Monday, 1 October 2012
Are We Already in A Recession?
North State Aviation taking off with new United contract
| India aviation regulator says "examining" Kingfisher situation Reuters NEW DELHI Oct 1 (Reuters) - India's civil aviation regulator is "examining" the situation at Kingfisher Airlines after the ailing carrier was forced to cancel several flights on Monday due to employee unrest, an official at the regulator told Reuters ... See all stories on this topic » | ||
| China Aviation Oil seeks more jet fuel for Nov - trade Reuters SINGAPORE Oct 1 (Reuters) - China Aviation Oil is seeking more jet fuel for November, after having already bought nearly 2.7 million barrels for October and November, as the supply of Asian jet fuel is expected to tighten during the year-end holidays, ... See all stories on this topic » | ||
| QinetiQ North America Releases Version 2.0 of its Aviation Data Trainer ... Sacramento Bee The application provides air traffic controllers, pilots, airport staff and flight enthusiasts a way to memorize and test themselves on the International Civil Aviation Organization (ICAO) and the International Air Transportation Association (IATA ... See all stories on this topic » | ||
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| North State Aviation taking off with new United contract The Leading Aviation Industry Resource for News, Equipment and Sept. 30--NS Aviation LLC officials want to make it clear that the aircraft-maintenance company is not a Phoenix rising from the ashes. Instead, they consider the Winston-Salem company a "startup hybrid," a competitor less than two years old, but with ... See all stories on this topic » | ||
| World Routes Kicks Off in Abu Dhabi The Leading Aviation Industry Resource for News, Equipment and David Stroud, Executive Vice President, Routes comments: "This year's World Routes might well be the largest commercial aviation event ever held, and it is more than appropriate that it takes place in the Middle East, the fastest growing aviation ... See all stories on this topic » | ||
| Outdated Civil Aviation Act to Be Replaced AllAfrica.com NAMIBIA'S 50-year-old Civil Aviation Act will soon be replaced to pave the way for a Namibian CivilAviation Authority (NCAA) to take over from the Directorate of Civil Aviation. An outline of the new bill was presented at a meeting in Swakopmund last ... See all stories on this topic » | ||
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| IATA raises global aviation outlook for 2012 Stock Market Wire StockMarketWire.com - The International Air Transport Association (IATA) today announced an upward revision to its global aviation outlook for 2012. The fall in airline profits from the $8.4 billion that the industry earned in 2011 will be cushioned by ... See all stories on this topic » | ||
| Assocham seeks infrastructure status for aviation sector Economic Times "The government should grant infrastructure status to the aviation industry and rationalise taxes onaviation turbine fuel (ATF) which will attract huge investments in the sector," Assocham said. Besides, there is a need for creation of an airport ... See all stories on this topic » |
Kingfisher Airlines Limited of India declares partial lock-out
Kingfisher Airlines on Monday night declared a partial lock-out with immediate effect and suspended till Thursday flight operations which came to a grinding halt following a strike by a section of its employees.
In a statement, the Vijay Mallya-owned private carrier said it has been forced to declare a “partial lock-out” following a series of “protracted and unabated incidents of violence, criminal intimidation, assault, wrongful restraint and other illegal acts” including refraining from attending work, by a small section of “recalcitrant” employees.
The airline said the action by the recalcitrant employees who have regrettably chosen to take law into their own hands forcing a complete paralysis of operations were all “unnecessary and unprovoked.”
“It has been decided that flight operations will be suspended for the next 3 days, i.e. until October 4, 2012,” it added.
The operations got completely paralysed on Monday after pilots and some other staff joined the striking engineers protesting non-payment of salaries for the last six months, sending the shares of the airline tumbling by 5 per cent.
Before commencing legal action, the airline said it will make efforts to continue to engage with striking employees to persuade them not to indulge in any intimidatory tactics.
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| Kingfisher Air Suspends Flights Through Oct. 4 on Strike Businessweek Kingfisher Airlines Ltd. (KAIR), the Indian airline founded by liquor tycoon Vijay Mallya, suspended flights through Oct. 4 following a strike that raised safety concerns from the country's aviation regulator. Following a series of “illegal acts ... See all stories on this topic » | |
| Kingfisher Airlines Cuts Flights, Citing Labor Unrest New York Times “A section of employees of Kingfisher Airlines has not been reporting for work over the last fortnight, and over the past two days, they have been threatening and even manhandling the other employees who are reporting for work,” the Kingfisher ... See all stories on this topic » | |
| Kingfisher Airlines declares temporary lockout till October 4 IBNLive.com Kingfisher Airlines on Monday evening declared a temporary lockout of its operations till October 4. The decision of the airlines came few hours after Civil Aviation Minister Ajit Singh warned that the company will not be allowed to fly if safety norms ... See all stories on this topic » | |
| Kingfisher operations crippled as a section of employees go on flash strike IBNLive.com Kingfisher Airlines operations in Mumbai and Delhi have been crippled as a section of airline engineers have gone on a flash strike. This over the non-payment of salaries since March. Two airline managers were reportedly heckled by protesting angry staff. See all stories on this topic » | |
| Will not let Kingfisher fly if safety norms are flouted, warns Ajit Singh IBNLive.com Civil Aviation Minister Ajit Singh has warned Kingfisher Airlines that the company will not be allowed to fly if safety norms are flouted. The Aviation Minister categorically clarified that no Kingfisher flights would take off till the engineers ... See all stories on this topic » | |
| Kingfisher Airlines in talks with Air India, IndiGo, Jet Airways for safety checks Economic Times MUMBAI: Taking a cue from Union Minister Ajit Singh's statement that Kingfisher Airlines could approach other carriers for safety certification, the Vijay Mallya- promoted airline has reportedly approached Air India and others for getting its aircraft ... See all stories on this topic » | |
| India's troubled Kingfisher halts flights until Thursday Channel News Asia MUMBAI: India's cash-strapped Kingfisher Airlines declared a "partial lock-out" on Monday, halting flights for three days following unrest by striking workers, as doubts grew about the carrier's future. The company, which is desperately in need of ... See all stories on this topic » | |
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