World’s best-performing airline stock is bankrupt Indian carrier
It’s a mark of the very weird times we live in: bankrupt, defunct Jet Airways ...
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.
Container freight rates: 'collapse' is the word, says Xeneta
Worker no-shows force US west coast port terminal shutdowns
Cargo shifts back to US west coast ports, but some has gone for good
'Alarming signals' as airfreight capacity rises and rates fall
Digital forwarders back in the spotlight: can they compete?
Major box lines still fighting over diminishing supply of smaller ships
Comment on this article