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FINANCE LEASE OBLIGATIONS
IndiGo approves $450 million plan to acquire aircraft, enginesIndiGo's parent company, InterGlobe Aviation, has approved a significant plan. Up to $450 million will be deployed to acquire aircraft, eng...
SpaceX reveals Musk company links, from Cybertrucks and jets to stock investmentsSpaceX's IPO filing shows deep financial links between Elon Musk's companies. Transactions include Cybertruck purchases and shared jets. Te...
The off-balance sheet trick didn’t die in 2019: How Indian managements still hide obligations from investorsThis is one of the most judgement-heavy corners of an Indian balance sheet and one of the easiest to stretch. This part of the series is ab...
Mumbai’s skyline is soaring. So is the pressure on housingMumbai's booming real estate market sees global financial giants occupying luxury towers while low-income residents like taxi driver Ramu V...
Oracle stock down again nearly 5% today as new report claims Blue Owl exits $10 billion Michigan data center deal - ORCL to decline further?Oracle Stock Crash: Oracle stock slid after reports said Blue Owl exited a $10 billion data centre plan. The 1 gigawatt project would suppo...
SpiceJet clears ₹442 crore debt, completes equity share allotment to Carlyle Aviation PartnersSpiceJet has completed an equity share allotment to Carlyle Aviation Partners, reducing its liabilities by Rs 442.25 crore. This move secur...
Settlement with CAP to help secure $89.5 mn liquidity: SpicejetSpiceJet has reached a settlement with Carlyle Aviation Partners to restructure lease dues of USD 121.18 million, securing USD 89.5 million...
Delhi HC bars Gensol Engineering and BluSmart Mobility from alienating EVs leased from OrixThe Delhi High Court has restrained Gensol Engineering and BluSmart Mobility from alienating 175 electric vehicles leased by Orix, a Japane...
IL&FS puts over 5.4 lakh sq ft GIFT City office properties on the blockBeleaguered non-banking finance company IL&FS is selling commercial properties in GIFT TWO, Gujarat’s GIFT City, as part of its debt resolu...
AWG downgrades India again as lessors fail to get back planes from Go FirstGlobal watchdog group Aviation Working Group (AWG) downgraded India to "negative" from "positive" on Thursday as foreign lessors have not b...
IndiGo, Air India to set up leasing units at GIFT CityIndiGo will invest Rs 30 crore in its leasing unit and issue a corporate guarantee of up to $996 million. Air India has already established...
View: Big companies should not wriggle out of contractual obligations by using the clause of force majeureTypically, these notices are served on smaller associates deemed least able to challenge them. It would be interesting to know what GoI has...
OTO raises Rs 10 crore from Prime Venture PartnersOTO has leased cars worth over Rs 10 crore; to expand to 10 cities by mid-2020.
Ind-AS 116 norms could impact profits of multiplexes, airlinesInd-AS 116 sets out principles for recognition, presentation and disclosure of leases.
Indiabulls Housing Finance climbs 2%, pares gains laterThe housing finance firm has raised Rs 23,615 crore in the past two months.
New accounting standards likely to create turbulence for airlinesIndia adopted IFRS on April 1, 2016. PwC estimates that the new accounting standard would impact at least 20 industries, ranging from retai...
Bharti Airtel Q2 results: Ten key takeawaysNet debt excluding deferred payment liabilities and finance lease obligations, $7,689 Mn. Net finance costs at Rs 18,626 crore vs Rs9,057 c...
- Able to meet all obligations, can restructure existing loans: Shiv Kumar, Jet Airways
In an interview with ET Now, Shiv Kumar, Sr. VP Finance, Jet Airways, talks about their fund-raising plans and other issues.
- AIG plane leasing exec may bid for assets
The head of the aircraft leasing company owned by the financial services company American International Group is reportedly talking about b...
- Question mark over AIG plane lease unit
American International Group's plane-leasing unit said it may not be able to survive without help from parent company or new access to cred...