Good week

Air India
 © Airbus
AIR INDIA The government is pumping Rp8 billion ($174 million) of new equity into its loss-making flag carrier "to ease the cashflow situation [and] also preclude borrowing from the markets at a high cost". The infusion will boost the carrier's equity capital by 12%. Air India, which went Rp56 billion into the red in its year ending 31 March 2009, cut its operating loss during its first half to the end of September by more than a fifth, to just Rp20.3 billion.

 

Bad week

Ryanair 
 © APG Photo/Flightglobal.com
RYANAIR The no-frills flyer's bid to buy or lease Hangar 6 at Dublin airport has been squashed by the airport and the Irish government. Arch-rival Aer Lingus leased the heavy maintenance hangar last year, but Ryanair says Aer Lingus is underusing it and should be moved out to make way for a 300-engineer Ryanair operation. The authorities insist they are honouring a lease, not blocking Ryanair - which could build a new hangar - to support their flag carrier.

 

 

Source: Flight International

Topics