Will seriously consider any partnership proposal from Indian carriers: Qatar Airways

Agencies
May 17, 2019

May 17: Qatar Airways, which has sought additional seat capacity on temporary basis for its flights from Indian cities to Doha, Thursday said it will "seriously" consider any proposal for partnership from Indian carriers. The blockade on Qatar & withdrawal of 28 weekly between Doha and cities of New Delhi and Mumbai has increased the pressure on available seat capacity in Qatar-India routes, the airline said.

Jet Airways shut down operations temporarily on April 17 after it ran out of cash.

"Qatar Airways is always open for partnership with other airlines, including Indian carriers. We will seriously consider any proposal for partnership from Indian carriers," the airline said in a statement.

The Gulf carrier has submitted a formal request to the Indian authorities for an additional capacity on a temporary operating permit basis to meet the air traffic demand in Qatar-India routes.

The airline asked the civil aviation ministry to favourably consider its request for additional seat capacity "to help evacuate the stranded Indian passengers in Doha".

Airfares have already significantly increased due to the unexpected unavailability of restricted capacity during this summer peak season, it added.

The allocated seat capacity in the Qatar-India aviation market has not been increased since 2009.

Bilateral air traffic rights are negotiated between the two countries.

According to the airline, the "illegal blockade" imposed on Qatar in June 2017 by the UAE, Saudi, Bahrain, and Egypt has restricted the movement of not only Qataris but also Indian expats living in Qatar.

People do not have the flexibility of travelling to nearby airports in Dubai, Abu Dhabi, Sharjah, and Manama, for their travel to India. This has reduced their options for air connectivity and further increased the pressure on the available seat capacity in Qatar-India routes, the statement said.

"Salt in the wound - Jet Airways' sudden, unexpected, unplanned, and immediate withdrawal of 28 weekly passenger flights during summer peak season between Doha and two Indian cities: New Delhi and Mumbai.

"All these have resulted not only in lesser available seat capacity but also significantly higher air ticket fares, which is set to continue for at least another three months," the airline said.

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News Network
May 11,2020

Kabul, May 11: Four back-to-back roadside bombs exploded in a northern district of Afghanistan's capital Kabul on Monday, wounding four civilians including a child, police said. Kabul police spokesman Ferdaws Faramarz said a clearance team was at the site of the attacks.

Militants have carried out several roadside bombings and rocket attacks in Kabul and other parts of the country in recent weeks, but Monday's four consecutive explosions appeared to be the first coordinated effort for some months.

The Taliban has not carried out any large attacks in the city since they signed a landmark withdrawal deal with the US in February, meant to pave the way for peace in the country. No group has claimed the attacks. The explosions come as authorities are trying to impose a lockdown in the capital to curb the spread of coronavirus in the country.

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Agencies
April 8,2020

Riyadh, Apr 8: Saudi Arabia's health minister has warned the number of COVID-19 cases in the country could reach 200,000 in coming weeks.

As of Tuesday, the kingdom registered a total of 2,795 coronavirus infections, including 41 deaths.

"Within the next few weeks, studies predict the number of infections will range from a minimum of 10,000 to a maximum of 200,000," health minister Tawfiq al-Rabiah was cited as saying by the official Saudi Press Agency on Tuesday.

On Monday, Saudi Arabia extended the duration of daily curfews in four governorates and five cities to 24 hours.

The kingdom imposed round-the-clock lockdowns in the capital Riyadh, Tabuk, Dammam, Dhahran and Hofuf, the interior ministry said on Twitter.

The same measures were also imposed on the governorates of Jeddah, Taif, Qatif and Khobar, the ministry added.

Authorities had already sealed off the holy cities of Mecca and Medina, barring people from entering and exiting as well as prohibiting movement between all provinces.

Last month, Saudi Arabia suspended the year-round "Umrah" pilgrimage over fears of the coronavirus pandemic spreading to Islam's holiest cities.

Authorities are yet to announce whether they will proceed with this year's Hajj, scheduled for the end of July. Last week, authorities urged Muslims to temporarily defer preparations for the annual pilgrimage.

Last year, about 2.5 million people travelled to Saudi Arabia to take part in the Hajj, which all Muslims must perform at least once in their lives if able.

The Arab world's biggest economy has also closed down cinemas, malls and restaurants and halted flights as it steps up efforts to contain the virus.

King Salman has warned of a "more difficult" fight ahead against the virus, as the kingdom faces the economic double blow of virus-led shutdowns and crashing oil prices

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News Network
March 9,2020

Mumbai, Mar 9: India's Yes Bank will not be merged with State Bank of India, which is set to infuse funds in the beleaguered lender, the newly appointed administrator leading the rescue plan said in a television interview on Monday.

"There is absolutely no question of a merger," Prashant Kumar, the administrator, told the CNBC TV18 channel.

The Reserve Bank of India (RBI) on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.

Placing Yes Bank under a 30-day moratorium, the central bank imposed limits on withdrawals to protect depositors and said it would work on a revival plan. The move spooked depositors, who rushed to withdraw funds from the bank.

Kumar, a former finance chief at SBI, assured depositors their money was safe and that the moratorium on Yes Bank might be lifted much before the deadline on April 3 and normal banking operations might resume as early as Friday.

He also mentioned that the withdrawal limit of Yes Bank may be removed by March 15, 2020.

SBI Chairman Rajnish Kumar said on Saturday the state-run bank would need to invest up to 24.5 billion rupees ($331 million) to buy a 49% stake in Yes Bank as part of the initial phase of the rescue deal, adding that the survival of troubled lender was a "must".

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