Gemini carriers cut back port calls on challenging southern India trade
Southern India’s ocean trade continues to be a challenging market for both Maersk and Hapag-Lloyd, ...
© Studioportosabbia
By Alex Lennane
Lenders to grounded Jet Airways may have to partially write off outstanding debts if the airline is to be taken over.
Yesterday was the deadline for interested bidders to submit a final resolution plan.
There appear to be only two bidders: Latin America’s Synergy Group, an airline operator and Avianca’s largest shareholder; and Russia’s Treasury RA Creator, an international finance organisation.
Jet owes 2,400 creditors nearly $4.2bn, but they are only likely to recover some $300 to $400m from the sale of assets, ...
Comment on this article