Tuesday, Sep 25 2018 | Time 07:16 Hrs(IST)
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  • Second summit with North Korea will happen soon says trump
  • Russia to provide Syria with new S-300 air defense missiles
  • Rouhani cautions US for pursuing hostile policies against Iran
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Indigo Partners nears deal for 400 Airbus jets -sources

DUBAI, Nov 15 (Reuters) Veteran airline investor Bill Franke looked set to place a historic $40 billion order for around 400 Airbus jets, shaking up the low-cost industry and turning the annual race between Airbus and Boeing for plane orders on its head.
Franke, whose Phoenix-based Indigo Partners controls Frontier Airlines and owns part of Mexico's Volaris, flew to the United Arab Emirates on Wednesday and was expected to sign the deal at the Dubai Airshow, marking one of the industry's biggest ever deals by volume, two people familiar with the matter said.
Airbus and Indigo Partners declined to comment. Bloomberg News earlier reported the potential contract involved 430 jets.
The deal marks a dramatic turnaround for Airbus, which had been lagging behind Boeing in the contest for orders so far this year and had started the Nov 12-16 air show on a backfoot.
With Boeing so far dominating the show, delegates said all eyes were on Airbus where sales chief John Leahy, a veteran of last-minute air show surprises, was plotting a blockbuster climax to a more-than-20-year stint as marketing boss.
Leahy is due to retire in coming months after serving as sales chief for the European planemaker since 1994.
REUTERS SV 1030
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Palestine fiscal deficit decline says UNRWA

25 Sep 2018 | 6:44 AM

RAMALLAH, Sep 25 (UNI) The United Nations Relief and Works Agency for Palestine refugees (UNRWA) announced on Monday that its fiscal deficit has declined thanks to new donations.

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Second summit with North Korea will happen soon says trump

25 Sep 2018 | 2:20 AM

Washington Sep 24 (UNI) In a bid to take the relation to the next level, US president Donald Trump said that another
US-North Korea summit will happen "quite soon", here on Monday
On a four-day visit to New York, the US president arrived at the United Nations saying that his country's relationship with
the authoritarian regime had improved greatly.

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Russia to provide Syria with new S-300 air defense missiles

25 Sep 2018 | 12:52 AM

Moscow, Sep 24 (UNI) Russia on Monday announced that it will supply Syria's government with sophisticated S-300 air defense systems after last week's downing of a Russian plane by Syria forces responding to an Israeli air strike.

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British woman jailed in Egypt for tramadol possession denied appeal

25 Sep 2018 | 12:44 AM

Cairo Sep 24 (UNI) British woman jailed in Egypt for possessing controlled drugs has been refused permission to appeal against her conviction.

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Saudi Arabia and Russia rule out any immediate increase in oil production, prices jump

25 Sep 2018 | 12:24 AM

Dubai, Sep 24 (UNI) Oil prices have raised to the highest level for nearly four years after Saudi Arabia and Russia ruled out any immediate increase in production.

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