 | CBQ profit up 6%
at QR471mn in Q1 COMMERCIAL Bank of Qatar
on Sunday said its net profit in
the first quarter of 2012
increased 6 percent to QR 471
million, compared with the
profit of QR446 million in the
same period in 2011.
The banks net interest income
was up 7 percent to QR478 million.
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| | Air India looks
to wipe off
losses in 6 yrs |
 AILING Air India, which
would get equity infusion of
Rs 30,000 crore till 2021 as
part of its turnaround plan,
expects to wipe off its losses
and become cash positive in
the next five-six years, official
sources said on Sunday.
The airline, which would
get an upfront equity infusion
of Rs 6,750 crore this financial
year, estimates that it
would slash its current yearly
operating loss of Rs1,700
crore to just Rs23 crore in five
years and become cash positive
by 2018, top Air India
officials said.
The estimations are based
on the assumption that the
airline´s turnaround plan
(TAP) and the financial
restructuring plan (FRP),
now approved by the government,
would be implemented... | | | Plane makers fly high on
growth-bound Indonesia |  BUOYED by rapid economic
growth, Indonesia has become
a bonanza for international
plane makers who are booking
some of the world´s biggest
sales as Western airlines suffer
a downturn.
Europe´s Airbus and US
manufacturer Boeing have
secured billions of dollars in
orders over the past year as
Southeast Asia´s largest economy
experiences a travel boom
and looks to link its archipelago
of more than 17,000
islands.
Indonesian carrier Lion Air
placed the single largest contract
in commercial aviation
history during a November
visit by US President Barack
Obama, ordering 230 Boeing
aircraft for a whopping $22.4
billion.
Last week, Airbus bagged a
$2.5 billion ... | | | IMF presses Europe to
contain debt crisis |  GLOBAL finance chiefs
pressed Europe on Saturday
to take advantage of newly
increased financial buffers
and make the lasting reforms
needed to tackle its debt crisis,
which is threatening the
world recovery.
A day after advanced and
emerging countries agreed to
double the firepower of the
International Monetary Fund
to help contain Europe´s debt
crisis, the IMF´s governing
panel said the 17-nation euro
area must make more cuts to
government debt burdens,
push bold economic reforms
and stabilize financial
systems.
Debt problems will resurface
and growth will stumble
unless these steps are taken,
the head of the IMF´s governing
panel, Singapore´s
Finance ... | |
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