Now On Air

Liberty #MAGAOne Mix

Via MAGA One Mix

6:00 am 8:00 am


Upcoming shows
Real News

NOW ON AIR
Now On Air

Liberty #MAGAOne Mix

Via MAGA One Mix

6:00 am 8:00 am



Maga First News

Upcoming Shows

Join The MAGA Network on Discord

0 0

Widow sues DC agency over escapee’s hatchet attack

A Tennessee woman is suing the Washington, D.C., Department of Corrections and a halfway house over an escapee who's accused of killing her husband.

News outlets report Lana Paavola accuses them of negligence in their handling of 36-year-old Domenic Micheli, who had been arrested on charges of trespassing at the White House that April.

Authorities said Micheli later escaped from a halfway house and went to Tennessee, where he used a hatchet and a meat cleaver to kill his former boss, Paavola's husband, Joel.

Micheli is charged with murder and aggravated assault in the June 4 slaying.

The lawsuit says the corrections department and halfway house did not immediately report the escape, and says authorities also failed to use Micheli's social media posts to track him down before the slaying.

Source: Fox News National

0 0

Pilots searched for checklist before Lion Air crash: Indonesian investigators

A worker assists his colleague as an turbine engine of Lion Air flight JT610 is lifted up at Tanjung Priok port in Jakarta
FILE PHOTO: A worker assists his colleague as an turbine engine of Lion Air flight JT610 is lifted up at Tanjung Priok port in Jakarta, Indonesia, November 4, 2018. REUTERS/Beawiharta

March 21, 2019

JAKARTA (Reuters) – Indonesian investigators said on Thursday the cockpit voice recorder from a crashed Lion Air Boeing Co 737 MAX 8 jet showed pilots were searching for the right checklist in their handbooks and were experiencing airspeed and altitude issues.

The details revealed at a press conference corroborated a Reuters report on Wednesday that was based on three sources with knowledge of the cockpit voice recorder’s contents.

Investigators said they have 90 percent of the data needed to release a final report on the October crash that killed 189 people, which is expected in August.

Nurcahyo Utomo, an investigator at Indonesia’s national transportation committee (KNKT) said the recording showed there was “panic” in the cockpit in the last 20 seconds of the flight.

“At the end of the flight it seemed the pilot felt he could no longer recover the flight, then the panic emerged,” he said while declining to say which of the two pilots panicked.

The investigation has taken on new urgency after a second 737 MAX 8 crash at Ethiopian Airlines last week killed 157 people and led to the global grounding of the model.

French air accident investigation agency BEA said on Tuesday the flight data recorder in the Ethiopian crash showed “clear similarities” to the Lion Air disaster.

Investigators examining the Indonesian crash are considering how a computer ordered the plane to dive in response to data from a faulty sensor and whether the pilots had enough training to respond appropriately to the emergency, among other factors.

(Reporting by Cindy Silviana and Bernadette Christina Munthe; writing by Jamie Freed; Editing by Simon Cameron-Moore)

Source: OANN

0 0

After Notre Dame, support for torched black churches swells

The crowdfunding campaign to raise money for three African American churches gutted by arson in Louisiana began a week ago, but donations surged after flames engulfed the roof of Notre Dame cathedral in Paris and the outcry provoked a conversation about the disparate reactions to the tragedies.

Nearly $1 billion had been pledged to the Notre Dame rebuilding effort within hours of Monday's blaze. The massive attention focused on the French landmark prompted Megan Romer to take note and tweet: "My heart is broken over the loss of Notre Dame. The Catholic Church is also one of the world's wealthiest entities. If you are going to donate money to rebuild a church this week, I implore you to make it the black churches in St. Landry Parish."

GoFundMe spokeswoman Aja Shepherd confirmed in an email that giving to the destroyed Louisiana churches increased Tuesday after Romer's tweet and a challenge from freelance journalist Yashar Ali to his nearly 400,000 Twitter followers.

Other online reminders of the black churches' plight followed, including this Tuesday tweet from Hillary Clinton: "As we hold Paris in our hearts today, let's also send some love to our neighbors in Louisiana."

Donations that totaled about $300,000 nearly a week into the campaign surged to $1.5 million by Wednesday night. The money is to be distributed equally among the three century-old churches to help them recover from the fires intentionally set from March 26 to April 4. White suspect Holden Matthews, 21, has been charged with arson and hate crimes.

Among the calls for more giving to the black churches, there was concern that they were already being forgotten as flames leapt from the roof of Notre Dame.

"It's terrible what happened to Notre Dame. ... But, 3 black churches in LA were purposely burnt down b/c of hate. Let's not forget to be even more outraged about that," Twitter user Joe Boyd wrote.

Native American Terrell Johnson, a 19-year-old Columbia University student and member of the Assiniboine Tribe, wondered: "Why are we not as worried about these sites being hurt that are historic to our minority groups, rather than majority groups?"

"It shows how little we are valued. These black churches, the mosque, Native American sites, they are not as valued as Catholicism or Christianity in that aspect, and it's frustrating," Johnson said in a Wednesday interview.

But journalist Thomas Chatterton Williams, in a series of tweets, took issue with the notion that concern about Notre Dame could be boiled down to a matter of race.

"It's a tragedy when black churches + mosques are bombed, burned or vandalized, but of course the world pays more attention to an 800-year-old architectural masterpiece in the heart of a city everyone visits! That's not white supremacy, and nonwhites who love Paris aren't dupes," he wrote.

The Rev. Roderick Greer of St. John's Cathedral, an Episcopal place of worship in Denver, acknowledges that Notre Dame has higher visibility as a cultural, artistic and religious landmark than the three rural church buildings in Louisiana's St. Landry Parish.

Still, in a Wednesday interview, he questioned whether white Americans would pay as much attention even if the fire happened at high-profile black churches, such as Emanuel African Methodist Episcopal Church in Charleston, South Carolina, Ebenezer Baptist in Atlanta or Birmingham, Alabama's 16th Street Baptist Church.

"Even if Mother Emmanuel or Ebenezer or 16th Street Baptist Church went up in flames, do white Americans, in particular, have the same emotional and visceral connections that they have to Notre Dame, which is on another continent?" said Greer. "That's such a telling commentary on the white American imagination that support for black churches lost to arson surged only in the wake of a historic European cathedral fire."

The Rev. Mason Jack, an officer with the Seventh District Missionary Baptist Association, which includes the burned churches, said Wednesday he was grateful for the surge in donations. He acknowledged that the Notre Dame fire raised consciousness about the Louisiana fires but downplayed any concerns that black churches were being overshadowed or forgotten.

He said publicity surrounding all of the fires helped increase awareness of the need in Louisiana. "Maybe, for some, it was an awakening for them to bring healing and restoration," he said.

___

Associated Press writer Felicia Fonseca in Flagstaff, Arizona, contributed to this story.

Source: Fox News National

0 0

Video released of suspect in 2017 killings of Indiana girls

Authorities released video Monday of a man suspected of killing two Indiana teenagers two years ago and urged the public to scrutinize the footage, which shows the man walking on an abandoned railroad bridge the girls visited while out hiking the day they were slain.

The Indiana State Police also released a new sketch of the suspect, which State Police Superintendent Doug Carter said was produced thanks to "new information and intelligence" collected during the investigation into the killings of 14-year-old Liberty German and 13-year-old Abigail Williams. During a briefing in the girls' hometown of Delphi, he said that a composite sketch that was previously released based on accounts from eyewitnesses who believe they saw the man is now secondary to the new sketch.

Carter said investigators believe the man is between the ages of 18 and 40, and that he either lives or lived in Delphi or regularly visits or works in the area. He vowed that police will solve the case and, during the briefing, he addressed the suspect directly.

"We believe you are hiding in plain sight. For more than two years, you never thought we would shift gears to a different investigative strategy, but we have," he said.

The video of the suspect and additional audio that was also released Monday came from German's cellphone. Authorities have hailed her as a hero for recording potentially crucial evidence before she was killed.

Carter urged the public to pay close attention to the mannerisms of the man in the video, which shows him walking across an abandoned railroad bridge near Delphi, which is about 60 miles (95 kilometers) northwest of Indianapolis.

"Do you recognize the mannerisms as being someone you might know? And remember, he is walking on the former railroad bridge, and because of the deteriorated condition of the bridge the suspect is not walking naturally, due to the spacing between the ties," he said.

The girls' bodies were found in a rugged, wooded area the day after they went hiking during a day off of school.

Within days of the killings, investigators released two grainy photos of a suspect walking on the bridge and an audio recording of a man believed to be him saying "down the hill."

The audio clip released Monday includes that same audio but is longer and captures the suspect saying, "Guys, down the hill," said Sgt. Kim Riley with the State Police.

Investigators have reviewed thousands of leads looking for the man, but no arrest warrants have been issued and no arrests have been made.

___

Follow Rick Callahan on Twitter: https://twitter.com/

Source: Fox News National

0 0

Alabama Has A Plan To Allow Tax Refunds To Help Pay For The Border Wall

A bill that would allow taxpayers to donate a part of their refunds to a nonprofit collecting money to build more border wall has successfully passed the Alabama Senate.

Alabama state senators voted 23-6 along party lines Thursday in favor of SB 22, the Montgomery Advertiser reported. The legislation would add We Build The Wall Inc. to a list of about 20 groups and programs on state income tax forms that residents can check off and donate with their tax refunds.

“I think it’s a way for Alabamians to say to the president and to the nation that we think strong border security is important. We want to promote that. We want Washington to build that wall,” GOP Senate President Pro Tem Del Marsh, the bill’s sponsor, stated according to The Associated Press.

“This bill is about sending a message to Washington that we support President Trump and his mission to secure our southern border,” Marsh said, who is mulling a 2020 U.S. Senate bid.

We Build The Wall — which began in December as a viral GoFundMe campaign by Air Force veteran and triple amputee Brian Kolfage — is a nonprofit group that is raising money for wall construction on the U.S.-Mexico border. The GoFundMe page is nearing $21,000,000 in donations.

However, the legislation may be more symbolic than anything else. Before funds from We Build The Wall can be used, Congress must vote to allow the money to be directed to the Department of Homeland Security. Given that the Democratic Party controls the House of Representatives, this is unlikely to happen in the immediate future.

The private contributions are rolling in as President Donald Trump continues to fight for more wall funding. Trump signed into law a resolution that gave him $1.375 billion to build 55 miles of barrier on the Texas border. He then declared a national emergency that has allowed him a total of $8 billion in funding, but numerous progressive groups are suing his emergency declaration in court.

People work on the U.S./ Mexican border wall on February 12, 2019 in El Paso, Texas. (Joe Raedle/Getty Images)

People work on the U.S.-Mexic0 border wall on Feb. 12, 2019 in El Paso, Texas. (Joe Raedle/Getty Images)

The president, in his latest budget proposal, is asking for an additional $8.6 billion in wall funding.

Back in Alabama, local Democrats derided SB 22, which will later be voted on by the state House.

“What about the Northern border? More people are crossing over the Northern border but you don’t want to pay them any attention,” Alabama state Sen. Bobby Singleton, a Democrat who called the measure a “feel good” bill, said according to AP. (RELATED: Overwhelmed ICE Facilities Forced To Release 100,000 Illegal Aliens In Past Three Months)

Singleton’s comments are technically correct. Over 960 people have illegally crossed the U.S.-Canada border in 2018, according to government data, representing a 91 percent increase from the previous fiscal year. However, that number remains a minuscule fraction of the apprehensions taking place on the U.S.-Mexico border, where border officials expect to find nearly 100,000 foreign nationals in the month of March alone.

Follow Jason on Twitter.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org.

Source: The Daily Caller

0 0

Shift in Fed dot plot overstated: Harker

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington
FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo

March 26, 2019

FRANKFURT (Reuters) – The shift in the U.S. Federal Reserve’s interest rate projection at its March meeting was not dramatic and the significance of the move is sometimes overstated, Federal Reserve Bank of Philadelphia President Patrick Harker said on Tuesday.

“My dot… didn’t come down that much because I wasn’t up where everybody else was,” Harker told a business meeting about the Fed’s so called “dot plot” of interest rate views. “The median did shift down but it shifted down by one notch; sometimes we overstate how much of a shift that was.”

(Reporting by Balazs Koranyi, Editing by William Maclean)

Source: OANN

0 0

Inspired by Migrant Caravans, New Wave of Cubans Seek US Asylum

Isel Rojas put his dream of leaving Cuba on hold when the United States ended a generous immigration policy for island residents. But watching coverage of migrant caravans heading from Central America toward the United States on Cuban television last year, he began to see a new path.

One morning in January, he woke up and told his wife he was finally ready. Fifteen days later, he was gone.

"If they can do it, why can't we?" said Rojas, a 48-year-old who worked in agriculture in the eastern city of Holguin, recalling the images of young men and families traveling en masse to the Mexico-U.S. border.

Rojas is now waiting to apply for U.S. asylum in the Mexican border town of Ciudad Juarez, which has become a magnet for Cuban migrants.

Political repression and bleak economic prospects remain the primary reasons cited by Cubans for migrating from the Communist-ruled island, a Cold War foe of the United States. But some in Ciudad Juarez say news of the caravans also motivated them, giving them the impression the United States was accepting migrants.

Since early last year, the caravans have been a frequent target of U.S. President Donald Trump as he advocates for stricter immigration policies. Critics say the president's statements about the caravans, including a series of angry tweets, have ironically enlarged the groups and publicized asylum as a possible avenue to legal status.

"The person who created the media coverage and who drove the issue of the caravans has been President Trump," Tonatiuh Guillen, the head of Mexico's National Migration Institute, said on local radio last week.

The addition of Cubans to those flows is adding to the pressure on already overwhelmed shelters and border authorities in Mexico and the United States. More than 100,000 people were apprehended or presented themselves to authorities in March, the White House said on Friday, calling it the highest number in a decade. Trump has threatened a border shutdown or tariffs on Mexico in retaliation.

What's more, some say Trump's harder line on Cuban relations has contributed to a sense of gloom on the economically weak and tightly controlled island.

The White House and the Cuban government did not immediately respond to a request for comment. Mexico's migration institute declined to comment.

'TREATED LIKE EVERYONE ELSE'

Like Rojas, many Cubans who reached northern Mexico in recent months ultimately traveled with a smaller group, and caravans were not a factor for all who left. But a caravan of 2,600 migrants currently contained by authorities in southern Mexico, the largest this year, includes dozens from the island. Mexican immigration officials said they flew some 60 Cubans home on Friday.

In Ciudad Juarez, Cubans represent 75 to 80 percent of some 3,600 migrants in town, said Enrique Valenzuela, director of the state commission for population. The wait to apply for asylum is about two months, shelter directors say.

The bottleneck highlights a new reality: Cubans do not enjoy the same advantages they once did in the U.S. immigration system.

"For the first time this year, Cubans are being treated like everyone else," said Wilfredo Allen, a Miami-based lawyer who works with Cuban migrants. "The special door for the Cubans has already closed."

In 2017, U.S. President Barack Obama ended the "wet foot, dry foot" policy, which allowed Cubans who reached U.S. soil to stay but returned any intercepted at sea, triggering a decline in immigration from the island.

In the first five months of fiscal-year 2019, 6,289 Cubans turned up at ports of entry on the U.S.-Mexico border without papers. That number is on track to nearly double the total for the whole of fiscal-year 2018, according to data from U.S. Customs and Border Protection.

While Cubans generally face slightly better chances of receiving asylum than Central Americans because their tales of political persecution are often more clear-cut, success is anything but assured, Allen said.

Allen estimates only 20 to 30 percent of his Cuban clients will win their cases.

That message has not reached those in Ciudad Juarez, many of whom sold their vehicles, businesses or homes to finance the trip. Some have literally bet the farm.

"They say that we have priority, that (the United States) will accept us in one form or another," said Rojas, who sold almost half his cattle. "They always accept us."

A NEW ROUTE

Cubans lucky enough to get a U.S. visa, to visit family for example, can fly there legally and are eligible to apply for residency after a year in the United States. For most though, reaching the United States is no easy feat.

Even before "wet foot, dry foot" ended, Cubans began forging new routes, flying into countries in Central and South America with loose visa requirements and then heading north. Only a few countries, such as Guyana, do not require visas for Cubans.

Last year, Panama made it easier for Cubans to come to the country to shop, creating another opening for some from the island to reach Central America.

Arasay Sanchez, 33, said she was browsing the internet in a park one day when she saw a story about the caravans.

After selling her house and most of her belongings, Sanchez flew into Panama on Jan. 25, she said.

She relied on a seven-page guide she inherited from Cubans who had traveled to the United States, detailing everything from where to sleep to where to buy a phone. On the trail, it was among her most valuable possessions – she carried it in her clothes.

The route ended in Ciudad Juarez, regarded by many Cubans as a safer and more orderly place to seek asylum than other more crowded Mexican border crossings, despite its reputation as one of the world's most violent cities. Ciudad Juarez, just south of El Paso, Texas, received relatively few asylum seekers until late last year.

Many are dismayed by the long wait they find, shelter directors say, and they are increasingly concerned about safety after reports of Cubans going missing in Mexico. Few leave the shelters, 10 migrants said in interviews.

Sanchez and her partner arrived in Ciudad Juarez in late February, moving from shelter to shelter and struggling with spicy Mexican food.

"Even the candy" has chile, she said, clutching the extra folds of fabric in her jeans to show she had lost weight.

Experts do not expect the flow of Cuban migrants to ebb anytime soon. Obama made it easier for Americans to travel to the island, generating new business. But that money dried up after Trump tightened the rules, said Pedro Freyre, a lawyer who studies the U.S.-Cuba relationship.

What is more, a gradual opening of the island's private sector triggered a backlash from conservatives, creating headaches for small businesses, Freyre said.

Reaching the United States would end a long quest for Reinaldo Ramirez, a 51-year-old construction contractor from the western town of Jaguey Grande. Starting in 2006, he tried and failed to reach Florida seven times by boat – including the day Obama canceled "wet foot, dry foot."

The new route has been just as arduous. After flying into Guyana in September, Ramirez and his wife had to hike across the Darien Gap, a remote stretch of jungle straddling Panama and Colombia. After they crossed the first time, Panamanian authorities deported them to Colombia, forcing them to repeat the trek.

Ramirez arrived in Ciudad Juarez about three weeks ago, and hundreds of asylum seekers are ahead of him in line. But he cannot help but feel that he is close.

"I've almost achieved my objective, my American dream," he said.

Source: NewsMax America

NOW ON AIR
Now On Air

Liberty #MAGAOne Mix

Via MAGA One Mix

6:00 am 8:00 am



A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo

April 26, 2019

(Reuters) – Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.

In a regulatory filing, Uber set a target price range of $44-$50 per share for its IPO. The company will sell 180 million shares in the offering, with a further 27 million sold by insiders.

In the filing, Uber also reported a net loss attributable to the company for the first quarter of 2019 of around $1 billion and revenues of roughly $3 billion.

(Reporting by Joshua Franklin; editing by Patrick Graham)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

DNA Force Plus

Limited Advanced Release

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

Source: InfoWars

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!

Listen to https://magaoneradio.net and Listen Daily! Don't Forget to Share Click a Link Below!
Current track

Title

Artist