More and more Americans are now on the dole

Last year, transfer payments from the government such as unemployment checks and Social Security burgeoned by $231 billion to $2.10 trillion. Meanwhile, the amount of taxes that individual Americans paid plummeted by $325 billion to $2.10 trillion as a result of middle-class tax cuts and because nearly 6 million people were thrown out of work and are no longer paying payroll taxes.

Read Article...

User

When tech pirates strike

An epidemic of bogus chips, routers, and computers is costing the electronics industry up to $100 billion annually.

Read Article...

User

Air India, GE Aviation to invest $90 million in MRO facility

Air India and GE Aviation will together invest $90 million to set up a maintenance, repair and overhaul (MRO) facility at Mumbai with an investment of around $90 million

National carrier Air India and GE Aviation (GEA) will together invest $90 million to set up a maintenance, repair and overhaul (MRO) facility to cater to GEA's GEnx-1B engines, reports PTI.

"The investment in this facility at Mumbai will be around $90 million," GE Aviation's country director Nalin Jain told reporters at Hyderabad on Thursday.

The US-based jet engines provider will invest $20 million while the balance will be pumped in by the Indian government-run airline. The foreign company's investment will be spread over seven-eight years.

The two companies today inked an agreement here, under which Air India will be licensed to perform MRO work on the GEnx-1B engine, which powers Boeing 787 aircraft.

The national carrier has ordered 27 GEnx-1B powered 787 planes.

"Air India envisages a state-of-the-art facility catering to GE 90 and GEnx engines, including a new engine-testing facility. Our strong collaboration with GE will enhance the visibility of the facility across the globe and result in India becoming one of the major engine MRO players," Air India chairman and managing director Arvind Jadhav said.

As part of the agreement, GE Aviation will provide technical support to Air India.

Currently, GE has an order backlog of 250 engines from India, Mr Jain said. "We expect fresh orders (from India) next year," he added.
 

User

COMMENTS

M.R.Borkar

7 years ago

In the past AI was doing such work not only for itself but for other airlines. It has best record for it n skilled manpower. The vested interest killed all that. But like phoenix it will rise again whatever the self-interest seekers will do or are doing now.

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)