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ABU DHABI (Reuters) - Indian airline IndiGo on Sunday said wide-bodied aircraft are an “aspiration” and talks with manufacturers are ongoing but there is no firm timeline amid difficult market conditions in the Indian market. The budget airline, owned by InterGlobe Aviation (INGL.NS), faces fierce competition in the very price sensitive Indian market where carriers are struggling to remain profitable despite filling 90 percent of their seats and rising demand. IndiGo recently reported a steep fall in quarterly profit due to higher fuel prices and continued pressure on yields reflecting price competition.
“Wide-bodied aircraft are an aspiration, we have talked to manufacturers, We are looking at A330neo and Boeing 787,” Chief Commercial Officer Willy Boulter told Reuters in Abu Dhabi, declining to go into details, IndiGo, India’s biggest low-cost carrier by market share, announced direct flights, starting Monday from two south Indian cities, Kochi and Kozhikode to Abu Dhabi, the capital of the United Arab Emirates, In the Gulf, the airline has direct flights to Dubai and Sharjah in the UAE as well as to Doha and Muscat, Flights to Kuwait will be launched this week, to Saudi Arabia in November father of the bride cufflinks of all the walks and Hong Kong in December, Boulter said..
In early 2019, IndiGo plans to start flights to London with an Airbus A321 aircraft stopping at a mid-point that is yet to be selected, he said. Other international destinations for launch include Kuala Lumpur and Phuket, Thailand, in November. IndiGo is working closely with the Indian government to take advantage of opportunities under bilateral agreements where travel rights will become available for additional markets, he said, adding that IndiGo has applied for rights to Europe and Asia. “We are confident of bilaterals being expanded further,” he said.
MEXICO CITY/SHANGHAI (Reuters) - Mexico’s Foreign Minister Luis Videgaray told his Chinese counterpart father of the bride cufflinks of all the walks in a phone call on Saturday that Mexico’s new trade deal with the United States and Canada will not impede economic relations with other countries, according to a foreign ministry statement, The pact set to replace the North American Free Trade Agreement outlines that if one of the partners enters a free trade deal with a “non-market” country such as China, the others can quit in six months and form their own bilateral accord..
The mechanism would support U.S. President Donald Trump’s efforts to isolate China economically amid an escalating tariff war between the two economic powerhouses, and give Washington an effective veto on any China trade deal by Canada or Mexico. Videgaray did not detail whether Mexico would seek such a deal, but said the new pact, called the U.S.-Mexico-Canada Agreement (USMCA), would not block bilateral accords with countries not included in the deal. “Videgaray emphasized that none of its conditions constitute an obstacle for bilateral relations or economic exchanges that Mexico, as a sovereign state, maintains with other nations,” the official told China’s Wang Yi, according to the statement.
A statement released on China’s Ministry of Foreign father of the bride cufflinks of all the walks Affairs website on Sunday said Wang called China and Mexico “all-round strategic partners”, and noted that had both consistently supported, understood and trusted each other on major matters, “Any bilateral and multilateral free trade agreements should not be directed against third parties, nor restrict other members’ legitimate rights and interests, and further, should not be exclusionary,” the statement said, quoting Wang..
NUSA DUA, Indonesia (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Saturday that Washington wants to include a provision to deter currency manipulation in future trade deals, including with Japan, based on the currency chapter in the new deal to revamp NAFTA. The remark drew concern in Japan, where local media ran front-page stories questioning whether this would give Washington the right to label as currency manipulation any future foreign exchange market interventions by Tokyo to keep sharp yen rises in check.
The yen is often regarded as a “safe-haven” currency in Asia, attracting capital inflows during times of market distress that can spike its value for short periods, hurting exports, Mnuchin told reporters at the International Monetary Fund and World Bank annual meetings in Bali that Washington views the currency chapter in the new U.S.-Mexico-Canada Agreement (USMCA) as a model for future trade deals to deter trading partners from currency manipulation, “Our objective would be that the currency issues ., We’d like to include (them) in future trade agreements, With everybody, I’m not singling out Japan on that,” Mnuchin said, when asked whether the United States father of the bride cufflinks of all the walks will discuss currencies in trade negotiations with Japan..