Air-India considering purchase of Boeing 747-400
New Delhi: Air-India is considering adding another large capacity Boeing 747-400 to its fleet. The airline has six 747-400 aircraft. It had initially ordered four, with the option of taking five more. It purchased two 747-400s, which were delivered in 1996. The management is now considering to exercise another option to take the total of 747-440 strength to seven.

The airline has been debating the feasibility of inducting small capacity short range and small capacity long range aircraft for fleet renewal and expansion. It is looking at the Airbus A-321 and Airbus A-320 and the new generation Boeing 737-800 for the small capacity short range category.
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Philippine Airlines may sell units to Lufthansa
Manila: Philippine Airlines is about to conclude a deal with Lufthansa for the sale of its engineering and maintenance units later this year. The financially sick Philippine Airlines signed a letter of intent with the German airline last month.
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Bacteria scare in Coca-Cola mineral water
Warsaw: Coca-Cola has recalled a new batch of mineral water in Poland, saying the product is contaminated with bacteria. The recall on 2 July was the second this week in Poland. Earlier, Coca-Cola faced a ban on its soft drink products in Belgium and France following a health scare.

Although no illness has been reported in Poland, a health ministry expert said sampling at the plant had discovered e-coli bacteria in the mineral water.
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Domino's Pizza to use net for supplies
Michigan: Domino's Pizza Inc has said it plans to begin key supplies like flour, cheese and tomato sauce over an intranet to boost efficiency.

The fast food pizza chain, made famous by its system of delivery in 20 minutes or money back, says it will build a high-speed communications network with equipment and support of Canadian telecom company Nortel Networks.

The closely held company had sales last year of $3 billion. The proposed network will link the company's Ann Arbor, Michigan, headquarters with 18 distribution centres in the United States.
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ACE completes acquisition of Cigna unit
New York: ACE Ltd said it has completed its $3.45 billion acquisition of Cigna Corporation's property casualty insurance business. The company proposes to cut 15 per cent of the workforce in the newly acquired business.

ACE, into big liability, satellite and catastrophe insurance, agreed to acquire Cigna's international US property-casualty insurance business.

ACE announced a 10-year agreement with IBM Global Services to manage the transition of its information technology infrastructure for the US businesses acquired from Cigna to provide ongoing support for these operations.
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Last Cutlass rolls out
Detroit: General Motors Corp produced on 2 July its last Oldsmobile Cutlass, one of the automaker's most popular cars in the past. The Cutlass was produced at its Oklahoma City assembly plant.

More than 11.9 million Cutlass cars have been built over a 38-year span, including coupes, convertibles, hardtops, sedans and station wagons. Cutlass is the nameplate most responsible for the Oldsmobile division's sales growth in the 1970s.
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Mitsubishi to sell Volvo trucks in Japan
Tokyo: Mitsubishi Motors Corp plans to market heavy duty trucks manufactured by Volvo AB of Sweden in a move to consolidate collaboration between the two auto majors.

Mitsubishi will sell Volvo truck tractors for carrying heavy loads such as power generation equipment and rockets. The trucks will be sold through Mitsubishi's Fuso dealership network.
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