Gold
Lenders push Hinduja Group on Reliance Capital deadline
Lenders of Reliance Capital are urging a Hinduja Group subsidiary to adhere to the deadline set for implementing the resolution plan, marking a crucial phase in the financial restructuring process. This development underscores the urgency of resolving the financial challenges faced by Reliance Capital and restoring stability to the company's operations.
The resolution plan aims to address the debt obligations of Reliance Capital and chart a path towards financial recovery. With lenders pressing for timely implementation, there is a growing sense of accountability and commitment among st..
Lenders Set to Seek Bids for Bankrupt Go First
In a crucial development, lenders are poised to invite bids for Go First, the airline undergoing insolvency proceedings. The decision to solicit bids marks a significant step in the resolution process and will shape the future of Go First, formerly known as GoAir.
Go First has faced financial challenges, leading to insolvency proceedings, and the move to seek bids underscores the efforts to revive and sustain the airline. Lenders, including creditors and financial institutions, are actively involved in the process, and the outcome of the bidding will play a pivotal role in determining ..
Go First's Lenders Seek Insolvency Extension
In a significant development for the aviation sector, the lenders of Go First are seeking a 60-day extension for the ongoing insolvency process. The move comes amidst intricate negotiations and challenges within the industry, impacted by the global economic scenario and the aviation sector's unique challenges...
IndiGo Expanding Regional Network with 100 Smaller Planes
IndiGo, the renowned player in India's aviation industry, is set to bolster its regional connectivity with a strategic move to acquire 100 smaller aircraft. This ambitious plan aligns with the airline's vision to broaden its reach and cater to burgeoning demand in untapped markets.
The decision to invest in a fleet of smaller planes underscores IndiGo's commitment to enhancing accessibility, especially in regions where conventional aircraft may face operational constraints. By venturing into this segment, the airline aims to seamlessly integrate remote destinations into its network, th..
Qatar Airways CEO urges Boeing, Airbus to reduce new jet delays
During the Qatar Economic Forum in Doha, Qatar Airways CEO Badr Mohammed Al Meer expressed concerns regarding the delivery delays of new aircraft from planemakers Airbus and Boeing. Al Meer emphasised the necessity for both companies to exert more pressure on their suppliers to address these delays, which are impeding airlines' capacity to meet the increasing demand for travel.
Al Meer stated that Qatar Airways is endeavouring to support both Boeing and Airbus in finding solutions to expedite deliveries. He acknowledged the challenges faced by the planemakers in the supply chain market..
