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Boeing delivers C-17 to RAF
SINGAPORE, April 6 (UPI) -- Australian national carrier Qantas announced Tuesday it will team up with Temasek Holdings in a budget airline venture to be based in Singapore.
Temasek is the Singapore government's investment arm.
Qantas Chief Executive Geoff Dixon said Qantas would have a 49.9 percent stake in the no-frills carrier, while Temasek will own 19 percent, Singapore businessman Tony Chew 21.1 percent stake and F.F. Wong, another local businessman the remaining 10 percent.
The total investment will be $100 million and the airline is expected to fly before the end of the year, The Business Times reports.
Tiger Airways and ValuAir are two other no-frill airlines being planned out of Singapore.
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PERTH, Australia, May 22 (UPI) --
Australia has scrapped the planned $8.8 billion expansion of the Abbot Point coal terminal in Queensland.
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WASHINGTON, May 22 (UPI) --
A U.S. Senate committee report has revived controversy over alleged counterfeit Chinese electronic components entering U.S.-made defense equipment and weapons.
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Like housing markets overall, the market for luxury homes is growing tighter as the spring buying progresses. Though still a buyer's market, the ILHM Luxury Housing Report for last week shows a pattern of rising prices and fewer days on market since...
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What if Europe turned out to be the new Japan?
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