Ontario’s deficit will swell for a second year as the Liberal Party increases spending on transit, schools and hospitals in a bid to spark a stagnating economy even as it raises taxes by almost C$1 billion ($910 million).
John Leahy, chief operating officer at Airbus SAS, spoke yesterday about the outlook for global aircraft demand. The world’s largest maker of commercial aircraft said airlines will buy 25,000 planes worth $3.1 trillion over the next 20 years, buoyed by Asian sales and increased demand for single-aisle models. The forecast is 3 percent higher than the 24,300-aircraft, 20- year requirement predicted by Toulouse, France-based Airbus in February 2008. Laurent Rouaud, senior vice president of market and product strategy, and Stefan Schaffrath, head of media relations, also spoke at the news conference in London.
Nigeria’s domestic airlines will raise their fares by 20 percent because of an impending jump in the price of aviation fuel, the Guardian reported , citing Steve Mahonwu, chairman of the Airline Operators of Nigeria.