|
World Business News |
Chennai News
Sunday,
January 16, 2005 (Washington):
The United States and India have reached an open-skies
aviation agreement that will lead to more flights, lower
fares and stronger economic ties between the two countries.
The announcement came on Saturday, after three days of
negotiations between US Transportation Secretary Norman Y
Mineta and Indian Civil Aviation Minister Praful Patel.
"The agreement means the two countries will be closer than
ever before and begins a new era where American and Indian
consumers. Airlines and economies can reap the rewards of
cheaper flights, more choices and faster air service," said
Mineta.
He claimed the agreement will strengthen commercial aviation
in a number of ways, including more direct flights to serve
the approximately two million passengers traveling between
the two countries every year.
More freedom
The agreement allows airlines from both countries to select
routes and destinations based on consumer demand, providing
for open routes, capacity, frequencies, designations, and
pricing.
It also allows for cooperative marketing arrangements. That
includes code sharing with domestic Indian carriers to aid in
making reservations and giving a greater choice of flights.
The deal also allows all-cargo operators to operate in either
country without directly connecting to their homeland. (AP)
news from
Wired
Recent News...
Dena Bank to
float second public issue
TCS Q3 net up
23% at Rs 713Cr.
Infosys does it
again...
Mpahsis BFL net
up 28%...
HDFC Q3 net up
31%...
Tata motors
growing strong...
Reliance bags
Oil Block in Oman...
Sify to host
gaming Championships..
Ambani Quits as
IPCL Vice Chairman..
TVS posts 21p.c
jump in sales in Dec 2004..
Hexaware at
Level 5 of CMMI..
Adidas to be
official kit supplier at Chennai Open..
MaFoi opens BPO
facility in Malaysia..
India is now
World's 4th Largest Economy...
Reliance
Plans Network Expansion...
|
|