Jet's liquidation may take off with auctioned planes
Financial Express Kolkata|December 16, 2024
AFTER A DELAY of more than two years, three Boeing 777s, formerly owned by Jet Airways and lying at the Mumbai airport, may finally be transferred to Malta-based Challenge Group.
SWARAJ BAGGONKAR

The airline's senior executives, who spoke exclusively to FE, said that there is a positive approach from the lenders and the liquidator of erstwhile Jet Airways. The conclusion of this long-pending deal could be among the first of the several milestones in the liquidation process of Jet Airways.

On orders of the Supreme Court, the final week of November saw the National Company Law Tribunal (NCLT) appoint Satish Kumar Gupta as the liquidator of long-grounded Jet Airways, on the submission of State Bank of India, the lead lender to the airline.

Esta historia es de la edición December 16, 2024 de Financial Express Kolkata.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición December 16, 2024 de Financial Express Kolkata.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE FINANCIAL EXPRESS KOLKATAVer todo
Markets slump over 1%
Financial Express Kolkata

Markets slump over 1%

● Investors' wealth down ₹4.92 lakh cr

time-read
2 minutos  |
December 18, 2024
EPFO weighs higher equity investments
Financial Express Kolkata

EPFO weighs higher equity investments

● Labour ministry panel to look at ways to raise exposure

time-read
2 minutos  |
December 18, 2024
Indian firms turn to euro, yen swaps to trim borrowing cost
Financial Express Kolkata

Indian firms turn to euro, yen swaps to trim borrowing cost

INDIAN FIRMS ARE opting for cross-currency swaps to convert part of their debt into the euro or the Japanese yen in order to trim borrowing costs, said bankers.

time-read
2 minutos  |
December 18, 2024
Financial Express Kolkata

IIT-Madras to offer fine arts, culture courses

IN A FIRST for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.

time-read
1 min  |
December 18, 2024
Financial Express Kolkata

Not even 2% work-linked higher education courses yet: Report

EVEN AS ASSORTED government schemes are a national skill mission aiming to make India's workforce more employable, the latest TeamLease EdTech survey has revealed that barely 2% of the higher education institutions (HEIs) in the country are offering degrees that are work-linked.

time-read
1 min  |
December 18, 2024
Financial Express Kolkata

The world's busiest airline routes in 2024 are largely in Asia

● Leisure continues to outshine corporate trips

time-read
1 min  |
December 18, 2024
Financial Express Kolkata

Indian firms use euro, yen swaps

ECB president Christine Lagarde hinted at a bigger 50 basis point rate cut to buffer the euro zone economy

time-read
1 min  |
December 18, 2024
Financial Express Kolkata

SME IPOs fetch rich returns in Dec

THE SME IPO market continues to see heightened interest and is delivering multibagger returns despite being under the lens of the markets regulator.

time-read
1 min  |
December 18, 2024
Financial Express Kolkata

EPFO weighs higher equity investments

IN FY23, the interest rate was fixed at 8.15% and 8.10% in FY22.

time-read
2 minutos  |
December 18, 2024
Financial Express Kolkata

KYC masking to go live on Jan 20

IN A MOVE that provides relief to financial institutions, the Central KYC Records Registry has extended the deadline for masking Know Your Customer (KYC) documents to January 20 next year.

time-read
1 min  |
December 18, 2024