
Air India says no issues in locking mechanism of fuel control switches in Boeing fleet
The announcement came days after a preliminary investigation into last month's Air India plane crash stated that the switches shifted and flipped within seconds, starving both engines of fuel.
Air India operates a fleet of Boeing 787 Dreamliners for long-distance operations, while subsidiary and low-cost unit Air India Express operates the Boeing 737 jets for short-haul flights.
The airline said in a statement that it carried out inspections on its entire fleet of both types of aircraft.
'In the inspections, no issues were found with the said locking mechanism,' it said.
The investigation by India's Aircraft Accident Investigation Bureau into the London-bound plane that crashed in the northwestern city of Ahmedabad on June 12, killing 260 people, is centered around the fuel control switches on the Boeing 787 jetliner. One person survived the crash.
Last week, India's aviation regulator ordered all airlines operating several Boeing models to examine fuel control switches and submit their findings to the regulator by July 21.
Air India has 33 Dreamliners in its fleet, and Air India Express operates 75 Boeing 737 jets.
In the past few weeks, the airline has faced disruptions in services amid heightened scrutiny and additional safety inspections, leading to flight delays, cancellations and growing passenger anxiety.
On Monday, an Air India Airbus 320 flight veered off the runway as it landed during heavy rainfall at Mumbai International Airport, partially damaging the underside of one of the plane's engines and leading to a temporary runway closure.
The flight had flown from Kochi in the southern state of Kerala. The airline said in a statement that all passengers and crew members disembarked safely and the aircraft was grounded for checks.
Indian conglomerate Tata Sons took over Air India in 2022, returning the debt-saddled national carrier to private ownership after decades of government control.
The $2.4 billion deal was seen as the government's effort to sell off a loss-making, state-run businesses. It also was in some ways a homecoming for Air India, which was launched by the Tata family in 1932.
Since the takeover, Air India has ordered hundreds of new planes worth more than $70 billion, redesigned its branding and livery and absorbed smaller airlines that Tata held stakes in. The company additionally has committed millions of dollars to digital overhauls of aircrafts and refurbishing interiors of more than five dozen legacy planes.
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Daily Mail
an hour ago
- Daily Mail
DAILY MAIL COMMENT: Keir Starmer must fight for UK drug firms
The life sciences industry is among the brightest jewels in the British economy, generating £100billion a year and employing more than 300,000 people. At its heart is the development and manufacture of pharmaceuticals, notably by AstraZeneca, which spends vast sums on research and is worth £167billion. So, if this hugely successful company were to relocate to the US, it would be a disaster both for the London Stock Exchange and the wider economy. Worryingly, this is not out of the question. AstraZeneca already sells 40 per cent of its drugs to America and, following President Donald Trump 's tariff threat, is ramping up research and production there. While there are no immediate plans to desert the UK, chief executive Pascal Soriot is said to be 'flirting' with the idea. Mr Trump's latest demand that foreign drug companies cut prices to US customers or face penalties may be an added incentive. The Left has always been highly critical of 'Big Pharma', accusing it of profiteering on the backs of NHS patients. Under Jeremy Corbyn, Labour planned to create a state-owned drug manufacturer with the power to override the patents which enable firms to make profits from their research. Only last year, Sir Keir Starmer refused to help fund a new vaccine plant in Liverpool – while pouring public money into our ailing steel industry. This Government must understand that failing to nurture AstraZeneca, GSK and others would be a catastrophic mistake. And Sir Keir should realise that while they say they want to remain in the UK, they may yet change their mind. Car lenders off hook Banks and credit providers will have heaved a huge sigh of relief yesterday after the Supreme Court ruled they will not have to pay compensation to millions of motorists who bought cars on finance without being told the dealers were receiving commission on the loan. The Treasury was also delighted with the result. Had it gone the other way, damages could have been comparable to the PPI scandal, which destabilised the financial industry for more than a decade. The court decided that dealers did not have a duty to act solely for buyers and that commissions were not a form of bribery in the legal sense, as had been alleged. However, it was not a total exoneration. Court President Lord Reed also ruled that excessive commission payments were unfair and ordered one buyer who had been charged 25 per cent of the value of the car to be repaid with interest. This opens the way to further claims. Many brokers and dealers were paid behind-the-scenes commission by lenders to sign buyers up to car finance deals, a practice deemed 'unlawful' by the Court of Appeal in October last year - a decision that was successfully appealed by lenders at the Supreme Court The dealers and lenders have escaped their worst fears, but they do not come out well. They have certainly been guilty of sharp practices even if not illegal ones. The Competition and Markets Authority must now force them to clean up their act. OAPs feel the cold In September, Rachel Reeves promised she would 'put more money in pensioners' pockets'. What she didn't say is that she would take even more out. Research shows pensioner households are an average of £800 worse off after a year of Labour thanks to higher bills – mainly owing to the Chancellor's £40billion Budget tax raid. With more taxes coming down the track to fill Labour's ever-widening financial black hole, the cost of living is set to soar further. For all Ms Reeves' promises, the elderly are in for a bitter winter.


Times
3 hours ago
- Times
Mortgage prices are falling – should you fix?
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Shaun Sturgess, a mortgage broker based in Swansea, said: 'For many this is the first window of opportunity in over two years to secure a competitive fixed rate below 4 per cent.' The Bank of England is also expected to cut its base rate to 4 per cent on Thursday after weak growth and a rise in unemployment. This would drive down mortgage costs for the millions of borrowers with tracker or variable-rate deals. The lowest five-year fixed rate available at up to 60 per cent loan-to-value has been cut from 3.96 per cent at the start of May to 3.86 per cent on Thursday from HSBC, while the lowest five-year fix for someone buying a home has stayed the same at 3.88 per cent, available from NatWest. The lowest two-year fix is 3.8 per cent from Santander for someone remortgaging, down from 3.96 per cent at the start of May. While the lowest two-year fix for a buyer is lower, at 3.73 per cent from the same lender, it has been cut by slightly less — down from 3.88 per cent. 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At a rate of 3.8 per cent, repayments would be slightly lower at £1,034 a month — £264 less a year. Peter Gettins from the broker L&C said: 'Whether you call it a rate war or rate skirmish, banks are keen to compete for your business and are pricing as aggressively as they possibly can. That can only be good news for anyone looking to remortgage or buy.' Borrowers could opt for a tracker deal with a rate that rises and falls in line with the Bank rate. Nationwide's tracker is 0.19 percentage points above Bank rate for two years with no early repayment charge. The mortgage broker Adrian Anderson expects the price war to continue. He said: 'A lot of the banks are fighting for market share. Many will be behind their annual targets because purchase transactions are down, so they will want to try and entice people to take a mortgage with them and increase their loan book.' Aneisha Beveridge from the estate agency Hamptons believes that more competitive rates are increasing affordability for buyers, which will drive house price growth. She said: 'After a sluggish 2024 we expect average house prices across Great Britain to rise 3 per cent year-on-year in the last quarter of 2025, reaching about £277,000.' The average detached house sold for £441,439 in May, according to the Land Registry. A 3 per cent rise in prices would take it to £454,682. • Will you bag a 3% interest rate in the summer mortgage sale? Beveridge added: 'Falling mortgage rates, weakening inflation and rising wages have all helped to ease pressure on household budgets.' Historically, dramatic falls in the Bank's base rate have helped to fuel house price booms, with the 2008 financial crisis and the coronavirus pandemic leading to spikes. The base rate is expected to fall to at least 3.75 per cent before the end of the year. Beveridge said: 'Much of this is already priced in. However, competitive lending — especially for higher loan-to-value products where lending requirements have loosened — should support first-time buyers and second-steppers.' Latest figures from the property website Rightmove put the average rate for a two-year fix at 4.52 per cent, which is 0.74 percentage points lower than the same time last year. The average five-year fix is 4.51 per cent, down 0.36 percentage points compared with June 2024. House prices could also be boosted by high street banks easing the 'stress tests' that are used to make sure borrowers can still afford repayments if their mortgage rate rose. Forecasts by the analyst Oxford Economics predict that the average two-year fixed-rate mortgage with a loan-to-value of 75 per cent could drop from June's 4.32 per cent figure to 4.17 per cent by the end of the year. By July next year it expects this to fall to 4.02 per cent. These falls will support house price growth, with Oxford Economics expecting house prices to hit 3.6 per cent year-on-year growth in the third quarter of the year, and then 2.5 per cent in the final quarter. Edward Allenby from Oxford Economics said: 'We expect house prices to grow, but that growth is expected to soften over the next year. That is because household income growth is likely to slow, whether that is through higher inflation, tighter fiscal policy, frozen thresholds and potentially higher taxes.' In the first quarter of 2025 year-on-year house price growth was 5.5 per cent. An oversupply of homes could also cause price growth to slow. Zoopla reported this week that there were about 553,000 homes up for sale, a record high. • House price boom? Inflation means all is not as it seems Richard Donnell from Zoopla said: 'Price growth is being stunted by the high supply of homes for sale, with 12 per cent more properties on the market than this time last year. 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The Sun
4 hours ago
- The Sun
Pub chain with 63 sites giving away FREE beer and £1 pints with easy 2-minute move
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