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Jet Airways buys 10 Boeing 787 aircraft


India's biggest domestic airline, Jet Airways Ltd, said on Tuesday it had purchased 10 Boeing 787-8 aircraft to support its international operations.
The wide-bodied 787 Dreamliner planes are scheduled for delivery between July 2011 and December 2012, Jet said.

Jet had executed the order for the aircraft 'in late 2006', a senior company official said, in a deal valued at $1.48-1.58 billion at the current list price.

Jet flies to destinations in south and southeast Asia and Britain, and expects to fly to New York from August. It is also looking to add destinations in China, Europe and the Middle East.


Videocon-Daewoo deal in trouble


No matter which of the potential buyers acquires control of mobile firm Hutch Essar, one man is sitting happy in Hong Kong and watching all the developments.

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Li Ka-shing, the billionaire chairman of Hutchison Whampoa Ltd who is revered as "Chiu Yan" (Superman) by millions of Hong Kong people, would reap billions by selling out his group's 67 per cent stake in Hutch Essar, Business Week magazine reported on Wednesday.

The ever-growing number of potential suitors, including two confirmed parties - India's Reliance Communications and world's largest mobile player Vodafone, has already pushed the expected valuation of Hutch Essar to over USD20 billion.

Other possible bidders doing the rounds include Malaysia's Maxis, Egypt's Orascom and private equity funds.


Superman' Shing is winner in Hutch war


No matter which of the potential buyers acquires control of mobile firm Hutch Essar, one man is sitting happy in Hong Kong and watching all the developments.

Advertisement
Li Ka-shing, the billionaire chairman of Hutchison Whampoa Ltd who is revered as "Chiu Yan" (Superman) by millions of Hong Kong people, would reap billions by selling out his group's 67 per cent stake in Hutch Essar, Business Week magazine reported on Wednesday.

The ever-growing number of potential suitors, including two confirmed parties - India's Reliance Communications and world's largest mobile player Vodafone, has already pushed the expected valuation of Hutch Essar to over USD20 billion.

Other possible bidders doing the rounds include Malaysia's Maxis, Egypt's Orascom and private equity funds.


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