Pakistan opens airspace for all civilian traffic; Indian flights to operate soon

Agencies
July 16, 2019

New Delhi, Jul 16: Pakistan opened its airspace for all civilian traffic on Tuesday morning, sources said, effectively removing the ban on Indian flights that were not allowed to use majority of its airspace since the Balakot air strikes in February.

The move is expected to give a major relief to Air India, which suffered a huge financial loss of around Rs 491 crore as it had to re-route its various international flights due to the closure of the Pakistan airspace.

"Pakistan has permitted all airlines to fly through its airspace from around 12.41 am today. Indian airline operators will start using normal routes through Pakistan airspace soon," the sources said news agency.

Pakistan's Civil Aviation Authority issued a notice to airmen (NOTAM) at around 12.41 am Indian Standard Time, stating that "with immediate effect Pakistan airspace is open for all type of civil traffic on published ATS (air traffic service) routes".

Pakistan had fully closed its airspace on February 26 after the Indian Air Force (IAF) struck a Jaish-e-Mohammed (JeM) terrorist training camp in Balakot in retaliation to the Pulwama attack on February 14. Since then, the neighbouring country had only opened two routes, both of them passing through the southern region, of the total 11.

On its part, the IAF had announced on May 31 that all temporary restrictions imposed on the Indian airspace post the Balakot strike had been removed. However, it did not benefit most of the commercial airliners and they were waiting for Pakistan to fully open its airspace.

In India, the biggest pain was suffered by Air India that conducts various international flights from Delhi to Europe and the US.

The national carrier had lost Rs 491 crore till July 2 due to the closure of the Pakistan airspace. Private airlines SpiceJet, IndiGo and GoAir lost Rs 30.73 crore, Rs 25.1 crore and Rs 2.1 crore, respectively, according to the data presented by Civil Aviation Minister Hardeep Singh Puri in the Rajya Sabha on July 3.

Post the air strike, Air India had to re-route, merge or suspend many of its international flights that connect India with European and US cities.

IndiGo, India's largest airline by domestic market share, was unable to start direct flights from Delhi to Istanbul due to the closure of the Pakistan airspace.

The low-cost carrier started the Delhi-Istanbul flight in March. Till date, this IndiGo flight had to take the longer route over the Arabian Sea and make a stop at Doha in Qatar for refuelling.

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News Network
February 10,2020

New Delhi, Feb 10: Former Jammu and Kashmir chief minister Omar Abdullah's sister on Monday moved the Supreme Court to challenge his detention under the Public Safety Act.

Senior advocate Kapil Sibal, appearing for the petitioner, mentioned the matter for urgent listing before a bench headed by Justice N V Ramana.

Sibal told the bench that they have filed a habeas corpus petition challenging the detention of Abdullah under the PSA and the matter should be heard this week.

The bench agreed for urgent listing of the matter.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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News Network
April 26,2020

Seoul, Apr 26: A train presumed to belong to North Korean's Kim Jong-un has been spotted at a station in the state's eastern coastal town of Wonsan amid speculation about the leader's health, a US monitor said on Sunday, citing commercial satellite imagery on the region, Yonhap news agency reported.

According to 38 North-- a website devoted to analysis about North Korea, the imagery showed a train "probably belonging to Kim Jong Un parked at the Leadership Railway Station servicing his Wonsan compound since at least April 21."

"The approximately 250-metre long train, although partially covered by the station's roof, can be seen at a railway station reserved for use by the Kim family. It was not present on April 15 but was present on both April 21 and 23," it said.

"The train's presence does not prove the whereabouts of the North Korean leader or indicate anything about his health, but it does lend weight to reports that Kim is staying at an elite area on the country's eastern coast," it added.

The report came as rumours about his health have spread as Kim apparently skipped an important annual visit to the Kumsusan Palace of the Sun on the occasion of the April 15 birthday of late state founder and his grandfather, Kim Il-sung.

CNN intensified the speculation by reporting earlier last week that the United States is looking into intelligence that Kim is "in grave danger" after surgery.

Seoul officials have disputed recent media reports about Kim, saying there have been no unusual signs from the North. Some said that Kim is presumed to be staying in Wonsan for unspecified reasons.

Washington has also dismissed the reports, with US President Donald Trump calling such reports "incorrect" in a press briefing late last week.

On Saturday, other media reports stated that China has dispatched a team of medical doctors and officials to North Korea "to advise on" Kim, citing multiple unnamed people familiar with the situation.

North Korea's state media, however, has not made any mention of Kim's public activity for two weeks since he was last seen in April 11 presiding over a major party meeting, though it has reported on his handling of routine state affairs, such as sending diplomatic letters.
But not all speculation has proven to be false.

When he was absent from public for about a month in 2014, speculation arose about his health and a political crisis in the secretive state. He later reemerged with a cane and a limp reportedly after having a cyst removed from his ankle.

The 36-year-old leader is known to have various health problems apparently caused by obesity and heavy smoking. He took office as leader of the communist state after his father, Kim Jong-il, died of a heart attack in late 2011.

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