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India orders safety review of Boeing 737 MAX planes after Ethiopia crash

INDIA announced a safety review of Boeing 737 MAX planes being operated in the country following the Ethiopian Airlines crash yesterday (10). 

Four Indians are among the  157 dead as the Ethiopian Airlines 737 Max 8 plunged into farmland minutes after take-off from Addis Ababa for Nairobi on Sunday.


The victims came from more than 30 nations and included 22 United Nations' staff.

In India, Jet Airways and budget airline SpiceJet both operate 737 MAX planes.

A senior civil aviation ministry official said it would discuss with the Directorate General of Civil Aviation (DGCA) on action to be taken with regard to the 737 MAX aircraft.  

Jet Airways placed orders for 225 737 MAX planes with Boeing and some of those have been delivered.

SpiceJet has a deal with Boeing for up to 205 aircraft, including at least 155 737 MAX 8 planes.

The 737 MAX is the fastest selling airplane in Boeing's history.

Currently, SpiceJet has 13 737 MAX 8 planes and Jet Airways has eight such aircraft in their fleets, according to data from planespotters.net. 

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Nykaa beauty demand

The retailer has expanded overseas operations to compete with global cosmetics giants.

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Nykaa profit jumps on strong beauty demand

Highlights

  • Quarterly profit surged to 344.4 m rupees from 100.4 m rupees year-on-year.
  • Revenue grew 25 per cent to 23.56 bn rupees on premium brand partnerships.
  • Company expands internationally with Kay Beauty launching in UK stores.
Indian beauty retailer Nykaa has posted a more than three-fold increase in quarterly profit, driven by steady demand for makeup and skincare products and strategic partnerships with global brands.

FSN E-Commerce Ventures, which operates the Nykaa platform, reported a profit of 344.4 million rupees (£3.9 m) for the quarter ended 30 September, up from 100.4 m rupees a year earlier.

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