Good Week

Deccan Express Logistics
 © Deccan 360
DECCAN 360The Indian cargo carrier set up by G R Gopinath, founder of low-cost carrier Air Deccan, got its operator's certificate a few days later than expected but made its first flight, using one of its Airbus A310Fs on the Delhi-Hong Kong run. Service is set to expand to twice weekly, with Chennai and Mumbai routes to come. Deccan's other two A310Fs will be arriving before the end of June and in five months it will be adding the first of six ATR freighters.

 

Bad Week

Bad week - Oil prices 
 © Rex Features

FUEL PRICES Oil could be heading north again. Opec production cuts going back to September appear to have been successful in stabilising crude prices - they have doubled to $60 a barrel this year - but the cartel, which produces 40% of the world's oil and met in Vienna last week, is thought unlikely to raise output. Its economists and other experts view the price recovery as weak; global demand, led by China, may be on the rise, but stockpiles are building.

 

Source: Flight International

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