A union said Saturday it was ready for unconditional talks to end a five-day walkout by pilots of national carrier Air India, as the airline fired 25 more strikers and cancelled more flights.Some 200 pilots from the debt-laden airline, which is facing mounting problems due to rising fuel prices, competition from low-cost rivals and a record of labour disputes, have been on strike since late Monday.
Today the board of Air Asia India announced that Mittu Chandilya will be the new Chief Executive of the operator’s India business. German insurer Allianz reported higher than expected profits in Q1 due to lower losses from national disasters and higher prices in its major markets. ITV revenues from advertising are expected to drop by near 15% year-on-year in July. Pinewood Studios, owner of the James Bond franchise, seems to have overcome its hesitation to the planned £200 million expansion.