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April 20, 2012 – Bangalore Aviation

Daily Archives: April 20, 2012

127 feared dead as Bhoja Airlines Boeing 737 crashes near Islamabad Pakistan

April 20, 2012 Comments Off on 127 feared dead as Bhoja Airlines Boeing 737 crashes near Islamabad Pakistan

All 127 people, 118 passengers and nine crew, on board a Bhoja Air flight are feared dead in a crash near the national capital of Islamabad in Pakistan. Bhoja flight B4-213 had departed from the commercial capital of Pakistan, Karachi. There was severe weather in the area of the crash. The aircraft last made contact around 18:20 local (13:20Z) and …

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Indian government approves airlines to borrow $1 billion overseas, but delays FDI

April 20, 2012 Comments Off on Indian government approves airlines to borrow $1 billion overseas, but delays FDI

The government of India will allow aviation companies to borrow up to $1 billion (Rs. 5,100 crore) collectively and up to $300 million individually, from overseas, via the external commercial borrowings (ECB) route, as per a statement released by the finance ministry today. In his Budget speech last month, the Indian Finance Minister had announced that companies in the aviation …

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