Word: bailouts
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...With no bailout help from New Delhi in sight, Air India is bidding to bring its profitable international budget brand - Air India Express - to Indian turf. Air India Express, which has been flying routes to the Middle East and Southeast Asia for the past five years, will configure 10 of its 57 planes for budget flights by September, says Air India managing director Arvind Jadhav. The company plans to increase the number of budget flights a day from 25 initially to 43 by October. Ticket fares will be down 25% making it attractive for fliers. The logic, says aviation minister...
...need a huge pot of bailout money to trade oil these days. Just don't expect to make the big bucks without...
...health-care and social-security systems, steps that would give people more confidence to spend rather than save. Last year, says Peking University's Pettis, China's consumption was about the equivalent of France's. No one is calling on France to save the world. (Read "China's Auto Bailout Takes a Different Route...
...Senate Banking Committee chairman, faces a tough re-election battle in 2010 and has every reason to push for a bill. His GOP counterpart, Shelby, is a potential obstacle, but aides say the 75-year-old Senator recognizes the need for change: no one wants a taxpayer-funded bailout like TARP to be the answer every time there's a crisis. And it may be the best opportunity Shelby has in the remainder of his career to get a major piece of legislation written. All players expect the Senate version to be dramatically different from Geithner's proposal, possibly including...
Earlier this year, lawmakers from Indiana lobbied the government for months to get financing for RV and boat dealerships. "We don't see this as a bailout," said Indiana Rep. Joe Donnelly. "What we see these are loans to businesses who have always paid their loans back." Donnelly, along with fellow Indiana Rep. Mark Souder, say boats and RVs have the same financing challenge as the auto industry. Many auto dealers had their financing yanked, forcing some out of business. Traditional lenders like GMAC aren't as available to boat dealers due to the credit crunch...