S&P downgrades Qantas to 'junk' status
Arab Today
Embattled Australian carrier Qantas' credit rating was downgraded by Standard and Poor's to "junk" status Friday after the airline issued a shock profit warning and slashed jobs. Qantas on Thursday flagged a half-year loss of up to Aus$300 million (US$271 million) and 1,000 job losses as it struggles under the weight of record fuel costs and fierce competition from subsidised rivals.
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The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
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