DELTA AIR LINES REVAMPS BUSINESS CLASS

Article Abstract:

Delta Air Lines has decided to remove first class seats from all its intercontinental flights and revamp its 500 aircraft fleet into a two class configuration of business and economy. The airline is launching its new business class called Business Elite at a cost of $314 million. The airline operates seven flights a week from Mumbai to the US and the 767 aircraft used on the route had nine first class and 28 business class seats. This will now be converted into an all-business configuration. (khr)

Comment:

Delta Air Lines has decided to remove first class seats from all its intercontinental flights and revamp its 500 aircraft fleet into a two class configuration of business and economy.

United States, Strategy & planning, Scheduled Airlines, Scheduled Air Transportation, Airlines, Delta Air Lines Inc., DAL

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CALL CLOSES IN OVER-7 RANGE

Article Abstract:

Call rates opened at 7.6-7.9 percent and closed between 7.4 percent and 7.6 percent in the inter-bank call money market on March 23, 1999. The easing of call rates is attributed to the additional rupee inflows from the State Bank of India which was acquiring dollars from the market on behalf of the Reserve Bank of India to stop the rupee from depreciating. (khr)

India, Capital funds & cash flow, Domestic Financial Transactions

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