JetBlue Airways CEO Joanna Geraghty has denied reports of debt restructuring talks with creditors, seeking to assure investors after a shar...

JetBlue Airways shares surged over 12% after addressing financial concerns despite reporting a larger quarterly loss. The loss was influenc...

Last week, the Cabinet Committee on Economic Affairs approved the sale of IDBI Bank's majority stake. The stake, held by the Government of ...

Tewolde Gebremariam is exploring ways to reduce the cost of Air India's Airbus A350 maintenance. The airline has faced higher expenses than...

Nike is planning to implement further job cuts as part of its restructuring programme, which began in March. Meanwhile, developers at Hellb...

S&P Global said a potential Tata Sons leadership transition or listing would not immediately affect group company ratings, with financial p...

Faced with challenges, the Malaysian government is exploring options for other airlines to take over AirAsia's domestic market presence. Th...

Tewolde Gebremariam has taken charge as the new Chief Executive Officer of Tata Group-owned Air India. He succeeds Campbell Wilson, who was...

Tewolde Gebremariam officially assumes operational leadership at Air India this Monday, taking over from Campbell Wilson. With mounting pre...

The NCLT postponed rulings on SpiceJet bankruptcy petitions after a settlement. The tribunal will issue its order on Wednesday, August 19, ...

The US government is exploring options to support Spirit Airlines. The Defense Production Act may be used to provide financial assistance. ...

Sri Lanka's government will restructure its loss-making national airline, Sri Lankan Airlines, after failing to find a buyer for management...

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 approved a financial restructuring plan for Air India, which includes equity infusion by the government and restructuring of $4 bn ...

In an interview with ET Now, N Seshadri, Executive Director, Bank of India, talks about the company's performance. Excerpts:

SBI and ICICI Bank have together picked up close to 11 per cent stake in debt- trapped Kingfisher Airlines as part of debt recast process.

The banking regulator has said that banks could change the terms under which they have lent to airlines, possibly throwing a lifeline to a ...