Page 3 - வானெறிக்குழுப்பெயர் இந்தியா லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Indian billionaire plans 70 planes for new airline
taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
As pilots end strike Jet Airways to resume full operations
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MUMBAI, India – Jet Airways (India) Ltd might merge the Jet Konnect (JetLite) fleet with its own under a single operating permit to improve efficiency.
MUMBAI, India – Jet Airways (India) Ltd might merge the Jet Konnect (JetLite) fleet with its own under a single operating permit to improve efficiency. This is one of the options under consideration as part of restructuring Jet Konnect, the airline’s no-frills brand.
Jet Airways acquired Air Sahara in 2007 and rechristened it as JetLite. The brand name, JetLite, was dropped last year while keeping two service models intact a full service model and a no-frills model (Jet Konnect).
For a 90 per cent haircut, try India s bankruptcy salon - The Hindu BusinessLine
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Five years ago, India came up with a legal answer to its perennial economic challenge of rescuing the money stuck in zombie firms. Unlike China, which has the cushion of high savings, India’s inefficient use of limited domestic capital has meant a chronic inability to put its swelling ranks of youth to work. After toying with the idea for more than a decade, the solution New Delhi hit upon was a modern bankruptcy code.
The numbers have been a mixed bag. According to an analysis by REDD Intelligence, of the 4,300-plus stressed debtors that have been taken through the 2016 corporate insolvency law, 48% were liquidated, half of them under 314 days. Of the 13% that got sold to bidders, half exited bankruptcy in less than 425 days. These, as the REDD researchers note, aren’t bad outcomes, considering that wait times previously were five-years-plus.