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AIRLINE RESTRUCTURING
Overall, India Inc credit profile looks healthy: Ramnath Krishnan, Icra Group CEOCorporate India's credit profile has maintained strength following a period of deleveraging post-Covid, although external pressures exist. ...- SpiceJet’s meltdown: Rs 5,500 crore raised, but where did the money go?SpiceJet's mounting financial crisis raises serious questions over the fate of more than Rs 5,500 crore raised in recent years, its unpaid ...
- Air India CEO targets lower costs, higher passenger yields to steer airline towards profitabilityAir India CEO Tewolde Gebremariam said the airline is working to reduce operating costs and improve passenger yields as it pursues a financ...
- Jetblue CEO says company not in talks with its creditors: ReportJetBlue Airways CEO Joanna Geraghty has denied reports of debt restructuring talks with creditors, seeking to assure investors after a shar...
- JetBlue shares surge 12% as airline seeks to calm financial concernsJetBlue Airways shares surged over 12% after addressing financial concerns despite reporting a larger quarterly loss. The loss was influenc...
- Pivot to Privatisation 2.0: Why IDBI Bank’s sale should rev up India’s push to privatise remaining non-strategic PSBs and PSUsLast week, the Cabinet Committee on Economic Affairs approved the sale of IDBI Bank's majority stake. The stake, held by the Government of ...
- Air India CEO looks to cut high maintenance bill of A350 fleet engines; sets up committeeTewolde Gebremariam is exploring ways to reduce the cost of Air India's Airbus A350 maintenance. The airline has faced higher expenses than...
- More layoff pain: Nike, airBaltic and Microsoft's Hellblade studio announce major job cutsNike is planning to implement further job cuts as part of its restructuring programme, which began in March. Meanwhile, developers at Hellb...
- Tata Sons listing, leadership transition may reshape group's long-term financial strategy: S&PS&P Global said a potential Tata Sons leadership transition or listing would not immediately affect group company ratings, with financial p...
- Malaysia talks to rival airlines as it monitors AirAsia's financial health, sources sayFaced with challenges, the Malaysian government is exploring options for other airlines to take over AirAsia's domestic market presence. Th...
- Tewolde Gebremariam takes charge as Air India's new CEO, replaces Campbell WilsonTewolde Gebremariam has taken charge as the new Chief Executive Officer of Tata Group-owned Air India. He succeeds Campbell Wilson, who was...
- Air India gets new boss as Tewolde Gebremariam takes chargeTewolde Gebremariam officially assumes operational leadership at Air India this Monday, taking over from Campbell Wilson. With mounting pre...
- SpiceJet gets more time as NCLT defers lessors’ bankruptcy casesThe NCLT postponed rulings on SpiceJet bankruptcy petitions after a settlement. The tribunal will issue its order on Wednesday, August 19, ...
- US considers using Defense Production Act in Spirit Airlines restructuring, source saysThe US government is exploring options to support Spirit Airlines. The Defense Production Act may be used to provide financial assistance. ...
- Sri Lanka to overhaul loss-making national airline after failing to find buyersSri Lanka's government will restructure its loss-making national airline, Sri Lankan Airlines, after failing to find a buyer for management...
- As Malaysia Airlines faces overhaul, are there lessons from Japan?MAS has been working on a plan that could cut the airline's over 19,000, largely unionised workforce, freeze pay, speed up retiring planes.
- Cabinet approves Air India financial restructuringCabinet approved a financial restructuring plan for Air India, which includes equity infusion by the government and restructuring of $4 bn ...
- BoI's total exposure to aviation sector stands at Rs 4000 cr: N Seshadri, Executive Director, Bank of IndiaIn an interview with ET Now, N Seshadri, Executive Director, Bank of India, talks about the company's performance. Excerpts:
- SBI, ICICI Bank picks up about 11% stake in KingfisherSBI and ICICI Bank have together picked up close to 11 per cent stake in debt- trapped Kingfisher Airlines as part of debt recast process.
- Banks may get to bail out airlinesThe banking regulator has said that banks could change the terms under which they have lent to airlines, possibly throwing a lifeline to a ...
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