British Airways owner IAG said on Monday it had agreed to buy Spanish carrier Air Europa for one billion euros ($1.12 billion) in cash, bolstering its ability to compete for European travel to Latin America and the Caribbean through Madrid.
The Indian Air Force (IAF) is reconsidering the purchase of 30 American drones for an estimated $6 billion, after Iran shot down US Navy’s RQ-4 Global Hawk drone with homegrown Khordad 3 air defense system in the Persian Gulf last month.
The United States has confirmed that it is removing Turkey from the F-35 fighter jet program, a move that had been long threatened and expected after Ankara began accepting the delivery of an advanced Russian missile defense system last week.
President Recep Tayyip Erdogan says Turkey continues to make payments under a deal with Russia to purchase advanced S-400 air defense missile systems, which Washington has warned could put Ankara at risk of US sanctions.
India’s western state of Maharashtra has put on hold the process to buy land for the country’s biggest oil refinery that state-run oil companies are building with Saudi Aramco, Chief Minister Devendra Fadnavis said, after strong opposition from farmers.
The United States is urging India to reconsider its plan to purchase advanced missiles from Russia and instead switch to American systems, touting the ‘strategic importance’ of the relationship between Washington and New Delhi.