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As China conquers Everest, tourists are big winners

  Adam Minter China has big plans for Mount Everest. Although the south-facing side of the mountain, in Nepal, might be better known, the Tibetan north face also has a rich mountaineering history, and China has outlined an ambitious new vision for commercializing it. That may sound like an unseemly approach to the world’s tallest and most forbidding peak. But ...

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Bombardier zooms as slowing funds’ burn drives improvement

  Bloomberg Bombardier Inc. surged the most in six months after forecasting annual profit at the high end of its previous outlook as the maker of the much-delayed C Series jetliner slowed the rate at which it had been burning through funds. Higher operating cash flow and reduced investment following certification of the CS100 and CS300 models of the marquee ...

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Jet Airways registers $850mn revenue in Q2

  WAM Jet Airways Group announced a profitable quarter with a profit of INR 85 cr (US$13mn) for the period ending September 30, 2016 despite a traditionally ‘lean’ quarter and domestic yields being under pressure. Jet Group’s total revenue for the second quarter FY17 increased by 3.2 percent to INR 5,682 cr (US$ 850m) from INR 5,504 cr (US$ 842m). ...

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