….. Continued from yesterday. Read the first part. FinancialsFor the third quarter ended December 31, 2008, SpiceJet declared a profit of Rs. 19.48 million. In today’s economic meltdown, any profit is welcome. The financial statements have an explanation for a one time charge of Rs. 187.82 million. The Company entered into a Memorandum of Settlement (MoS) on November 26, 2008 …

Following two engine thrust rollback events on Boeing 777 aircraft powered by Rolls-Royce engines, the United States National Transportation Safety Board (NTSB) issued an urgent safety recommendation today calling for the redesign of a Rolls- Royce engine component. The Safety Board also recommended that, after the redesign is completed, the new system be installed on all affected Boeing 777 airplanes …