Word: budgeter
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...real estate and financial industries - risk taking far longer to remedy their economic ailments, which would slow a regional rebound. Ditto Italy, whose consistent under-performance is rooted in competitive weaknesses that couldn't be cured even during good times. (Read: "In Hard Times, Olympic Plans Go On a Budget...
...penalty. But her supporters, some of whom do not share her conservative views, contend that she was following the rules and was not responsible for the shortcomings of defense attorneys. They also point to Keller's work doubling the number of public defenders' offices in Texas and boosting their budget from $19 million to $60 million. (Read about the debate over the death penalty...
...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...
...Following similar logic, private players Jet Airways and Kingfisher, owned by the liquor baron Vijay Mallya, are expanding existing budget operations to try to increase business during the economic downturn. They aren't starting from scratch. Both airlines already had rechristened budget carriers - Jet Lite and Kingfisher Red - acquired in 2007. Now they are transferring capacity to the economy fleets. Kingfisher Red jets are flying more routes; as a result, about 75% of all domestic passengers that now fly with Kingfisher are traveling budget class, up from 50% a year ago. Meanwhile, Jet Airways, India's oldest private player...
...normal operations once the economy rebounds. But analysts say that may be difficult because the industry has yet to solve a basic problem: too many airlines flying too many flights in a country that, despite its economic growth, is relatively poor. India's airlines are now crowding into the budget market, just as they crowded into regular and premium air travel services a few years ago. "With everybody fighting for the same piece of business, this could once again create overcapacity and fuel fare wars," says Ankur Bhatia, executive director of Bird Group, a New Delhi company that provides technology...