Challenge Group will rethink India plan if B777 deal fails
Challenge Group sounds increasingly frustrated with its attempts to buy 777s for conversion from India’s ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
Jet Airways is struggling: it has now grounded 25 aircraft following its failure to pay lease rates – resulting in the cancellation of up to 200 flights a day. Some 23 routes are affected and while the majority are domestic, they also include flights to Dammam, Doha and Riyadh. The carrier’s debt has now increased to some $1.15bn and its funding gap is about $1.2bn, reports CH Aviation.
Jet has a provisional rescue plan in place, which includes a capital injection, debt restructuring and aircraft refinancing, but it has yet to be authorised by all shareholders. One stakeholder, Etihad, meanwhile, has declined to put more cash in until the rescue plan is implemented.
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