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BUSINESS IN ASIA TODAY - JUNE 17, 2005.

Publication: AsiaPulse News

Publication Date: 17-JUN-05
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COPYRIGHT 2005 Asia Pulse Pty Ltd

Business in Asia on June 17, 2005. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:

INDIA'S INTERGLOBE LAUNCHES NEW AIRLINE, ORDERS 100 A-320 PLANES

LE BOURGET (FRANCE) - Seeking to tap India's growing aviation market, InterGlobe Enterprises has announced plans to launch a domestic airline, IndiGo. The leading travel and tourism conglomerate has also placed firm orders with Airbus for 100 A-320 aircraft worth over US$6 billion. Airbus said it had received a letter of intent for the purchase of 100 A320 planes from IndiGo, which is yet to launch its operations in India as a low-fare carrier. Earlier this week leading Indian carrier Jet Airways inked a deal to buy ten Airbus and 20 Boeing planes.

THAILAND'S PTT SIGNS 16-YEAR GAS SALE CONTRACT WITH MTJA

BANGKOK - A new gas supply deal has been inked between Thai energy company PTT and the Malaysia-Thailand Joint Authority (MTJA) and its gas sellers. Under the contract, which starts in mid 2008, PTT will purchase natural gas from Block B17, C19 and B17-01 of the...

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