close

INDIAN (B)

INDIAN (B)

Jet creditors to get only $300-400mn in case of liquidation

70979579.cms



Creditors of bankrupt Jet Airways are likely to recover less than 10% of the carrier’s total outstanding dues in a liquidation scenario if no suitor succeeds in buying the airline, two sources told Reuters. The airline’s financial and operational creditors, who are owed nearly Rs 30,000 crore ($4.20 billion) are likely to recover only $300-$400 million from the sale of Jet’s assets, the sources said.



Source link

read more
INDIAN (B)

Air India may get relief on fuel front

70980377.cms



Oil marketing companies (OMC) are likely to resume fuel supply to cash-strapped Air India (AI) at six airports and may not implement their threat of doing so at two more places, including Hyderabad. Aviation secretary P S Kharola and AI chief Ashwani Lohani met Indian Oil Corp chairman and other officials of the other two OMCs where the latter agreed to go soft on the airline.



Source link

read more
INDIAN (B)

Aspiring pilot does a 'Munnabhai', gets caught

70976772.cms



“Munnabhai” may have gotten way with using a mobile phone to top his MBBS exams in the movie but doing so in real life has cost two wannabe pilots dearly. After spending lakhs of their parents’ hard-earned money to train as pilots, they allegedly used/tried to use unfair means — read cell phones — during exams conducted by the DGCA for award of commercial pilot licence (CPL).



Source link

read more
INDIAN (B)

Maruti to halt production at Haryana plants for 2 days

70973947.cms



The country’s largest carmaker Maruti Suzuki India on Wednesday said it has decided to suspend production at its Gurugram and Manesar plants in Haryana for two days. The company said it will halt manufacturing operations at the two manufacturing facilities on September 7 and 9. The auto major had reduced its production by 33.99 per cent in Aug.



Source link

read more
1 180 181 182 183 184 670
Page 182 of 670