Indias high tariff unacceptable says Trump ahead of G20

first_imgWashington: India’s high tariffs on US goods is “unacceptable” and must be withdrawn, President Donald Trump said Thursday ahead of his meeting with Prime Minister Narendra Modi on the sidelines of the G-20 Summit in Osaka, Japan. President Trump early this morning tweeted, “I look forward to speaking with Prime Minister (Narendra) Modi about the fact that India, for years having put very high Tariffs against the United States, just recently increased the Tariffs even further. This is unacceptable and the Tariffs must be withdrawn!” Also Read – Rajnath Singh arrives for Rafale handover ceremony in France Trump will hold a bilateral meeting with Prime Minister Narendra Modi on Friday on the sidelines of the G-20 Summit. This would be his first meeting with Modi after the BJP’s stunning victory in the general elections. It comes after the India visit of Secretary of State Mike Pompeo, during which he met Modi, External Affairs Minister S Jaishankar and National Security Advisor Ajit Doval. The Trump-Modi meeting assumes significance in the wake of the strain that has popped up in the bilateral relationship on a host of trade and economic issues. India has raised tariffs on 28 items exported from the US in retaliation to America’s withdrawal of preferential access for Indian products. The Trump administration wants Prime Minister Narendra Modi to lower the trade barriers and embrace “fair and reciprocal” trade.last_img read more

Waypoint Leasing delivers H145 helicopter for Las Bambas mine in Peru

first_imgWaypoint Leasing (Ireland), the largest independent global helicopter leasing company, has delivered an H145 on lease to Servicios Aéreos de los Andes (Andes Air), a leading Peruvian helicopter operator. Waypoint’s H145 will be the first variant of its type to operate in Latin America and will support MMG/Las Bambas’ mining operations from Andes Air’s Cusco Base. Steffen Bay, Waypoint’s Vice President of Sales and Relationship Management, Latin America, said, “The entry of the H145 into operations in Peru is indicative of the growing importance of this aircraft for a diverse range of mission areas–from EMS to mining–around the world. Waypoint believes that the H145 is ideally-suited for the operational conditions prevalent in Peru and we are confident that this transaction is the start of a long, productive relationship between Waypoint and Andes Air.” Clark McGinn, Waypoint’s Senior Vice President of Sales & Relationship Management, said, “For many years, lessors and financiers have focused primarily on the Brazilian market, so we are pleased to have developed a unique and diversified franchise in Latin America, with multiple aircraft operating in Chile, Peru, and Guyana, as well as Brazil.” Luis Fontenoy Miranda, General Manager of Andes Air, said, “For our company, it is very important to have reliable helicopters that are capable of performing in the extreme conditions that are typical in our region. It is also important for us to have a partner that understands our business and our challenges. We found Waypoint to be a real strategic partner that can relate to our issues and understand our needs. We look forward to continue collaborating with Waypoint on aircraft leases in the future”. Since its inception in 2013, Waypoint has been active in supporting oil and gas, utility, firefighting and other industrial-focused helicopter operators. This transaction will further diversify Waypoint’s activity into the utility and mining support segment. Waypoint’s portfolio includes more than 140 aircraft for 26 customers in 31 countries with total assets in excess of $1.6 billion. Additionally, Waypoint has firm and option orders with aircraft manufacturers for more than 120 helicopters valued at more than $1.5 billion, to be delivered over the next five years.last_img read more